FORT WORTH, TEXAS — Indianapolis-based developer Scannell Properties has begun construction on a 139,674-square-foot cold storage facility in Fort Worth. The facility will consist of 127,307 square feet of freezer space and 12,367 square feet of office space, with the capacity for 40,667 square feet of expansion. In addition, the facility will have 42-foot clear heights, 24 fully equipped dock doors, space for approximately 15,000 pallet positions and six flex rooms with temperatures that will range from -10 to 40 degrees Fahrenheit. CBRE is the leasing agent. Completion is slated for mid-2026.
HOUSTON — Locally based brokerage firm Finial Group has negotiated a 50,600-square-foot industrial lease renewal in northwest Houston. The tenant is Book Trolls Management Inc., and the space is located at 9600 Bamboo Road. According to LoopNet Inc., the single-tenant property was built on 3.3 acres in 1977. Chase Tucker of Finial Group represented the undisclosed landlord in the lease negotiations.
WHEELING, ILL. — Marcus & Millichap has negotiated the $5.8 million sale of a 72,000-square-foot industrial property in the Chicago suburb of Wheeling. Built in 1990, the asset is situated on nearly 4 acres at 100 Chaddick Drive, four miles from a full I-294 interchange. Peter Doughty of Marcus & Millichap represented the seller, a private owner, and procured the buyer, a private out-of-state investor. The building provides immediate, stable cash flow but also offers a value-add opportunity, according to Doughty.
FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 27,000-square-foot industrial lease in North Fort Worth. The tenant is lithium-ion battery provider NuEnergy Storage Technologies, and the space is located within Northern Crossing, a four-building development that features 24-foot clear heights. Matt Carthey with Holt Lunsford represented the landlord, GID, in the lease negotiations. Jeff Jackson of NAI Robert Lynn represented the tenant.
DALTON, GA. — JLL has arranged the $116.5 million sale of a nearly 1.2 million-square-foot industrial portfolio situated within Greenpoint Industrial Park in Dalton, a city in north Georgia near the Tennessee border. The portfolio includes 128 Innovation Drive, a 603,166-square-foot facility delivered in 2023, and 342 Innovation Drive, a 573,578-square-foot property delivered in January 2024. A joint venture between LX Pantos and KOBC (Korea Ocean Business Corp.) advised by IGIS Asset Management acquired the two facilities from the developer, Dossche Holdings. Dennis Mitchell, Britton Burdette, Jim Freeman and Maggie Dominguez of JLL represented the seller in the transaction, and Miyeon Lee of JLL’s International Capital Coverage team sourced the buyer. Austin Kriz, Tom Cromartie and Rachel Roberts of JLL were the leasing agents for both properties, which are situated near I-75 and the Appalachian Regional Port.
WINDSOR AND LOVELAND, COLO. — Two owners have sold two industrial properties to each other for a total consideration of $19.1 million. Cushman & Wakefield’s Jason Ells represented Schlosser Signs Inc., while Cole Herk of Cushman & Wakefield represented Bar S U in the acquisition and disposition transactions. Schlosser Signs Inc., an owner and user, acquired 31815 Great Western Drive in Windsor from Bar S U for $14.2 million, while Bar S U, an investor, purchased 3505 Draft House Court in Loveland from Schlosser Signs for $5.2 million. Schlosser Signs plans to relocate to the 100,000-square-foot Class A industrial facility in Windsor. The property features 40-foot ceilings, overhead cranes, abundant power and enhanced production capacity enabling Schlosser Signs to take on larger, more complex signage projects. Bar S U’s new 20,500-square-foot property in Loveland features radiant heat, natural lighting, a 14-foot overhead door, 20- to 24-foot clear heights, open floor plans and outside storage.
NOVI, MICH. — Lineage Inc. (NASDAQ: LINE), a Novi-based cold storage REIT, has entered into a definitive agreement to acquire four cold storage warehouses from Tyson Foods Inc. for $247 million. At or prior to closing the acquisition agreement, Lineage will enter into an additional, multi-year agreement under which it will design, build and operate two next-generation, fully automated cold storage warehouses in major U.S. distribution markets that Tyson will occupy as an anchor tenant. Under the same agreement, Tyson will begin storing product at Lineage’s newly developed property in Hazelton, Pa., which utilizes LinOS, Lineage’s proprietary warehouse execution technology. Lineage says it expects to deploy approximately $1 billion of capital over the coming years on the acquisitions and the new greenfield developments. The existing Tyson warehouses that sold in the transaction total roughly 49 million cubic feet and are located in Pottsville, Pa., Olathe, Kan., Rochelle, Ill. and Tolleson, Ariz. Following the acquisition, Lineage plans to onboard over 1,000 Tyson employees. Over time, the acquired warehouses will be transitioned to public warehouses as part of Lineage’s global footprint. The transaction is subject to customary closing conditions and is expected to close in the second quarter. Lineage expects to deploy …
BARTLETT, ILL. — Meridian Design Build has completed a 400,112-square-foot corporate headquarters development for RIM Logistics Ltd. in the Chicago suburb of Bartlett. The project involved the renovation of a recently constructed, speculative industrial building that RIM acquired in early 2024. Dan Smolensky of TMG Real Estate Advisors assisted RIM in the acquisition. Michael Androwich Jr., John Cassidy and Chris Nelson of Lee & Associates represented the seller, Midwest Industrial Funds. Meridian collaborated with RIM, CBRE/Turner & Townsend, Heitman Architects, V3 Cos. and the Village of Bartlett to take the project from concept to completion in less than 12 months. The multi-phase project involved enhancements to the building façade and construction of a second floor to support roughly 40,000 square feet of office space. Employee amenities include a café, fresh market, bike storage room and fitness center. The building is adjacent to a naturalized wetland area. Reclaimed cargo containers and a salvaged semi-trailer were utilized to create unique architectural accents. Electric vehicle charging stations, lighting controls and other sustainable design elements helped RIM achieve its goal of LEED certification. Warehouse improvements included accommodations for storage mezzanines, automatic storage and retrieval systems, narrow aisle racking and hazardous materials/aerosol storage areas. The …
ELMHURST, ILL. — DarwinPW Realty/CORFAC International has brokered the sale of a 40,048-square-foot industrial building located at 185 Industrial Drive in the Chicago suburb of Elmhurst. Built in 1975, the property features a clear height of 18 feet, 6,418 square feet of second-story office space, five exterior docks, two drive-in doors and an existing distribution infrastructure. The parking lot has space for 42 cars as well as an electric truck and van charging station. George Cibula and Luke Ferzacca of DarwinPW represented the buyer, 3 Flat LLC. DarwinPW is also marketing the building for lease. The seller was represented by its in-house attorney.
PHOENIX — Scottsdale, Ariz.-based ATLAS Capital Partners has completed the disposition of an infill parcel to the City of Phoenix for $29.6 million. The city has earmarked the land for revitalization as part of its regional Rio Reimagined initiative and the RIO PHX plan, which will promote 20 miles along the Rio Salado/Salt River corridor as a local and regional destination. Located at 3030 S. 7th St., the 29.4-acre site is currently occupied by a 42,469-square-foot industrial building with tenancy through 2028. The site is situated within an Opportunity Zone, less than two miles from Sky Harbor International Airport, minutes from downtown Phoenix and interstates 10 and 17. ATLAS partnered with OakPoint Real Estate, a vertically integrated real estate investment firm, on the transaction. Will Strong, Phil Haenel and Foster Bundy of Cushman & Wakefield’s Capital Markets Group represented ATLAS in the deal.