Industrial

Hillwood to Build Two Industrial Facilities Totaling 1.3 MSF at AllianceTexas in Fort Worth

by Taylor Williams July 12, 2018

FORT WORTH, TEXAS — Hillwood will build two industrial facilities totaling approximately 1.3 million square feet within the AllianceTexas mixed-use development in Fort Worth. Alliance Center North 3 will offer 782,000 square feet and Alliance Northport 1 will total 500,000 square feet. Both properties will feature cross-dock configurations, 36-foot clear heights, ample trailer parking and adjacent land for future parking expansions. Construction of both buildings is expected to begin in August and wrap up by March 2019.

July 12, 2018

Acquisitions Data Centers Industrial Texas

Romans Properties Arranges $36.6M Sale of Data Center in Metro Dallas

by Taylor Williams July 12, 2018

RICHARDSON, TEXAS — Charlotte, N.C.-based Romans Properties LLC has arranged the sale of a 75,119-square-foot data center located at 1001 E. Campbell Road in Richardson, a northeastern suburb of Dallas. The sales price was approximately $36.6 million. The property is fully leased to Sungard AS, a Pennsylvania-based provider of recovery software for cloud computing and data systems. Chris Orr of Romans Properties represented the buyer, an institutional investor, in the transaction.

July 12, 2018

Acquisitions Data Centers Industrial Midwest Ohio

Romans Properties Brokers $5M Sale of Data Center in Lewis Center, Ohio

by Kristin Harlow July 12, 2018

LEWIS CENTER, OHIO — Romans Properties has brokered the $5 million sale of a data center in Lewis Center, about 20 miles north of Columbus. The 57,000-square-foot facility is located at 8180 Green Meadows Drive. The property is fully leased by Cyxtera, which provides data center colocation, cybersecurity and cloud-based services. Chris Orr of Romans represented the buyer, an institutional client. The seller was not disclosed.

July 12, 2018

Acquisitions California Industrial Office Western

PCCP, Lincoln Property Co. Buy 464,000 SF Office/R&D Complex in San Jose

by Amy Works July 12, 2018

SAN JOSE, CALIF. — PCCP, in a joint venture with Lincoln Property Co., has acquired Valley Technology Centre, a seven-building office and R&D complex located on 26.4 acres in San Jose. MWest sold the property for an undisclosed price. Built in 2000, the 464,000-square-foot property was 74 percent leased at the time of sale. The complex comprises seven two-story office and R&D facilitates with 18-foot clear height on the ground floors to accommodate roll-up doors and shipping/receiving requirements. The properties are located at 2660, 2680, 2700, 2720, 2740 Zanker Road and 2585 and 2595 Junction Ave. in North San Jose.

July 12, 2018

Enterprise-Industrial-Park-Building-III-San-Antonio

Acquisitions Industrial Texas

Colony Industrial Purchases 359,251 SF Industrial Building in San Antonio

by Taylor Williams July 11, 2018

SAN ANTONIO — Dallas-based Colony Industrial has purchased Enterprise Industrial Park Building III, a 359,251-square-foot warehouse/distribution property located one mile from Interstate 35 in San Antonio. Developed by Atlanta-based Robinson Weeks Partners, the cross-dock building features 32-foot clear heights, 73 trailer spaces, office space and an ESFR sprinkler system. Colony Industrial acquired Buildings I and II in Enterprise Industrial Park in March.

July 11, 2018

Industrial Leasing Activity Texas

HLC Negotiates 98,489 SF Industrial Lease in Dallas

by Taylor Williams July 11, 2018

DALLAS — Holt Lunsford Commercial (HLC) has negotiated a 98,489-square-foot industrial lease at 7601 Ambassador Row in Dallas. The distribution-oriented property was built in 1958 and totals 185,220 square feet. Canon Shoults and Josh Barnes of HLC represented the landlord, Frontier Equity, in the lease negotiations. Craig Jones of JLL represented the undisclosed tenant.

July 11, 2018

Acquisitions Georgia Industrial Southeast

GCP Buys Home Depot-Leased Industrial Building Near Port of Savannah for $34.8M

by Camren Skelton July 11, 2018

SAVANNAH, GA. — GCP has acquired 150 Portside Court, an 800,000-square-foot industrial facility in Savannah, for $34.8 million. Located within the Port Logistics Center at Crossroads, the facility is less than five miles from the Port of Savannah. The building is fully leased to The Home Depot and is a key component of the home improvement retailer’s East Coast import distribution operation. The warehouse features front-loading configuration, 165-foot deep full concrete truck courts and 25-foot minimum clear heights. CBRE represented the seller, Duke Realty, in the transaction, and GCP was represented internally. Wells Fargo Bank provided acquisition financing on behalf of GCP. The acquisition increases the Birmingham-based company’s portfolio to more than 8.1 million square feet.

July 11, 2018

Acquisitions District of Columbia Industrial Maryland Southeast

FRP Development Sells 40-Property Warehouse Portfolio in Baltimore-D.C. Corridor to Blackstone for $347.2M

by Camren Skelton July 10, 2018

BALTIMORE — FRP Development Corp., a Baltimore-based development and investment company, has sold 40 industrial warehouse properties and three adjacent land parcels in the Baltimore-Washington corridor for $347.2 million. Blackstone Real Estate Partners acquired the assets. Another warehouse property in the portfolio was sold to its current tenants for $11.7 million. The sale of the portfolio will allow FRP to focus on its development pipeline in the metropolitan region, according to David deVilliers Jr., the company’s president and COO. The developer is currently underway on RiverFront on the Anacostia, a four-phase, 1.1 million-square-foot mixed-use development located adjacent to Nationals Park in Washington, D.C. In partnership with St. John Properties, FRP is also developing a 330,000-square-foot office and retail project in Baltimore County. FRP is a wholly owned subsidiary of FRP Holdings Inc., a Florida-based company that also comprises Florida Rock Properties Inc.

July 10, 2018

Industrial Leasing Activity Midwest Minnesota

Cushman & Wakefield Negotiates 134,000 SF Industrial Lease in Minneapolis

by Kristin Harlow July 10, 2018

MINNEAPOLIS — Cushman & Wakefield has negotiated a 134,000-square-foot industrial lease on behalf of Canteen, a food service company. The property is located at 700 24th Ave. SE in Minneapolis. The landlord, Interstate Development, plans to demolish part of the property and reposition the remainder in order to meet Canteen’s needs. Significant landscaping and parking improvements will also be made to the property. Canteen, a division of Compass Group, is a vending, office coffee and refreshments services company. Canteen will move into the new space in October. David Stokes and Chris Weirens of Cushman & Wakefield represented Canteen in the lease transaction.

July 10, 2018

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Arranges Sale of 321-Unit Self-Storage Facility in Orange, Texas

by Taylor Williams July 10, 2018

ORANGE, TEXAS — Marcus & Millichap has arranged the sale of Bear Storage, a 321-unit self-storage facility located in Orange, about 30 miles east of Beaumont. The property features 35,830 net rentable square feet, as well as climate-controlled units, RV and boat storage spaces and a truck rental service. Dave Knobler of Marcus & Millichap brokered the sale on behalf of the seller, a limited liability company, and the buyer, a partnership that operates six facilities in the Houston area. Other terms of sale were not released.

July 10, 2018

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