DALLAS AND FORT WORTH, TEXAS — JLL has brokered the sale of the DFW Bulk Portfolio, a collection of four industrial buildings totaling approximately 1.7 million square feet across 122.6 acres in Dallas-Fort Worth. The names and addresses of the buildings, which were completed between 1999 and 2017, were not disclosed, but they are located in the North Fort Worth, East Fort Worth and Great Southwest submarkets. The portfolio, which was fully leased to six tenants at the time of sale, features a total of 318 dock-high doors, 13 grade-level doors and parking for 1,094 cars and 179 trailers, as well as average clear heights and truck court depths of 33 and 162 feet, respectively. Trent Agnew, Tom Weber, Pauli Kerr, Keenan Ryan and Brennan Fewin of JLL represented the undisclosed seller in the transaction. The buyer was a fund backed by Los Angeles-based Ares Real Estate.
ARLINGTON, TEXAS — Houston-based investment firm Welcome Group has purchased a 100,129-square-foot industrial building in Arlington. The single-tenant building at 3101 Pinewood Drive was constructed on 4.6 acres in 1977 and renovated in 2021. According to LoopNet Inc., building features include 22-foot clear heights, 13 dock-high loading doors and four grade-level doors. The seller and sales price were not disclosed.
KELLER, TEXAS — Locally based brokerage firm LanCarte Commercial has arranged the sale of two industrial buildings totaling 9,800 square feet and a 2.9-acre land parcel in Keller, located north of Fort Worth. The properties are all located along South Main Street. Mark Boone and Matt Murff of LanCarte Commercial represented the buyer and seller, both of which requested anonymity, in the transaction.
GILBERT, ARIZ. — Gantry has secured a $25.5 million permanent loan to provide funds for the acquisition of Power Commerce Center in Gilbert. Situated on 14.2 acres at 3380 S. Power Road, the master-planned industrial park was delivered in 2023 and features 11 buildings offering 20 units totaling 146,000 rentable square feet. Additionally, the asset includes fenced outdoor yard spaces for each building. Patrick Barkley, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private real estate investor, in the financing. The fixed-rate loan, which features a 30-year amortization, came from one of Gantry’s correspondent life company lenders. Gantry will service the loan.
PHOENIX — Regent Properties has completed the sale of a two-building flex industrial and office portfolio in Phoenix’s Deer Valley submarket to a private investor for $22.5 million. Geoffrey Turbow, Anthony DeLorenzo and Ashley Brooks of CBRE represented the seller in the transaction. Located within the North Loop 101 Business Center, the single-story buildings were constructed in 2001. The portfolio includes:
BURBANK, CALIF. — An affiliate of Alta West Partners and OlivePoint Capital have acquired an industrial manufacturing campus at 100-104 E. Graham Place in Burbank for an undisclosed price. Jeff Sause, Alex Olson, Jalynn Borders and Thomas Gonzalez of JLL Capital Markets secured acquisition bridge financing through a debt fund to support the borrowers’ value-add business plan. Situated on 4.8 acres, the fully gated property offers 104,795 square feet of industrial space spread across five buildings. The asset features up to 28-foot clear heights in warehouse and manufacturing spaces, three grade-level doors and four dock-high loading doors. Additionally, the campus offers two vehicle access points and a configuration suited for both single- and multi-tenant scenarios. Haskel International, a wholly owned subsidiary of Ingersoll Rand, anchors the property for its American headquarters. Haskel, a global company in high-pressure fluid and gas handling solutions, has maintained operations at this location for more than 70 years.
NEW YORK CITY — Cushman & Wakefield has negotiated a 36,651-square-foot industrial lease near JFK International Airport in Queens. The tenant, Horizon Air Freight, will occupy space at Inwood Logistics Center, a 10-building development. Rico Murtha, Helen Paul, Sonny Singh, Thomas Deluca, David Frattaroli, John Giannuzzi and Joseph Hentze Jr. of Cushman & Wakefield represented the landlord, a partnership led by Onyx Equities, in the lease negotiations. The tenant representative was not disclosed.
ADDISON, ILL. — Lee & Associates of Illinois has negotiated the $1.9 million sale of a 15,524-square-foot warehouse and distribution building in Addison. Jay Farnam and Peter Spear of Lee & Associates represented the buyer, Wahid Properties LLC, which will occupy the facility. Transwestern Real Estate Services represented the seller, Liberty Partners.
FORT WORTH, TEXAS — Hillwood will develop two speculative industrial buildings totaling 1.1 million square feet at AllianceTexas, the firm’s 27,000-acre master-planned community in North Fort Worth. Alliance Westport 15 will be a 798,494-square-foot, cross-dock structure with 40-foot clear heights, 190-foot truck court depths, parking for 360 cars and 199 trailers and land for future expansion. Alliance Gateway 34 will be a 310,036-square-foot building with 36-foot clear heights, 190-foot truck court depths and parking for 286 cars and 73 trailers. GSR Andrade designed both buildings. Frost Bank is financing construction, which is scheduled to begin this month and to be complete before the end of next year.
HUMBLE, TEXAS — Locally based developer Triten Real Estate Partners has completed a 171,000-square-foot distribution center in Humble, a northern suburb of Houston. Known as McKay at Will Clayton Logistics Center and built on a speculative basis, the property features multiple drive-up ramps with oversized doors, fenced truck courts, 41 dock-high doors and 4,360 square feet of office space. Project partners included Method Architecture, Angler Construction and Grey Wolf Engineers. CBRE is the leasing agent. Construction began last October.