ROCKWALL, TEXAS — Lee & Associates has negotiated a 102,000-square-foot industrial lease in Rockwall, a northeastern suburb of Dallas. According to LoopNet Inc., the property at 1605 Research Circle features 28-foot clear heights, 10 dock-high loading doors and an ESFR sprinkler system. Stephen Williamson of Lee & Associates represented the landlord, Lahlouh Family LP, in the lease negotiations. Stan Britton of Regal Realtors represented the tenant, Warehouse-Pro Fulfillment 3PL.
HOUSTON — Stream Realty Partners has brokered a 69,680-square-foot industrial lease in northeast Houston. According to LoopNet Inc., the property at 9040 Railwood Drive was built on 6.7 acres in 1980, totals 162,200 square feet and features 28-foot clear heights. Garret Geaccone and Boone Smith of Stream represented the landlord, DRA Advisors, in the lease negotiations. Feiyun Cheng with REMAX Memorial Commercial represented the tenant, fiberglass supplier China Jushi Co.
BLYTHEWOOD, S.C. — Scout Motors plans to invest an additional $300 million for the development of a “supplier park” at its advanced manufacturing campus in Blythewood, about 18 miles north of Columbia, S.C. The three new facilities will be situated on 200 acres adjacent to the main production buildings and create 1,000 new jobs, according to Scout Motors. The buildings will span 2.3 million square feet and will have three separate functions: sequencing of parts for final assembly, high-volume battery assembly and the installation of vehicle accessories. Evans General Contractors is constructing the supplier park, and PRP Real Assets is serving as the project advisor. Scout Motors announced its $2 billion Blythewood campus in 2023 with plans to manufacture its fleet of electric trucks and SUVs. The company recently announced it has awarded an estimated $368 million in supplier contracts that will support 1,000 new jobs in South Carolina.
UPPER MARLBORO, MD. — An affiliate of Equus Capital Partners Ltd. has acquired a six-building, 576,852-square-foot industrial portfolio in Upper Marlboro, about 21 miles outside of Washington, D.C. The properties are situated within Collington Industrial Park in Prince George’s County and range in size from 50,000 to 150,000 square feet. Mapletree Investments Pte Ltd. sold the properties, which were approximately 90 percent leased at the time of sale, for $102.6 million. Jonathan Carpenter, Jim Carpenter, Graham Savage, Dawes Milchling and James Check of Cushman & Wakefield’s Northeast Industrial Advisory Group represented Mapletree in the transaction. Tim Feron, Laura Brestelli and Tucker Scaringe of Equus oversaw the acquisition and financing for the portfolio, which Equus purchased on behalf of a value-add fund that it sponsors.
CLIFTON PARK, N.Y. — Locally based firm Standard Brokerage Co. has negotiated the sale of a portfolio of two industrial buildings totaling 153,400 square feet that are situated “at and around” 620 Van Patten Drive in Clifton Park, located outside of Albany. According to LoopNet Inc., the building at 620 Van Patten Drive was built in 2001 and totals 38,400 square feet. The sale included 27 adjacent acres that can support new industrial development. The buildings were leased to four tenants at closing. The buyer and seller were not disclosed.
PHOENIX — IDI Logistics has acquired an industrial property, located at 3302 W. Washington St. in Phoenix, from Atlas Capital Partners for $20 million. Situated on 5.2 acres, the 101,794-square-foot vacant building features a clear height of 32 feet, 12 dock-high doors, four drive-in doors and a fully secured 140-foot truck court. Tanner Ferrandi, John Wrestler and Cooper Pratt of CBRE represented the buyer and seller in the deal. The CBRE team will also serve as listing agents for the property.
IRWINDALE, CALIF. — Voit Real Estate Services has arranged the sale of a multi-tenant industrial and distribution park in Irwindale. DJ CRT LLC sold the asset to Dunbar Real Estate Investment Management for $10 million. Located at 1400-1430 Arrow Highway, the property offers 51,487 square feet of space spread across three grade-level freestanding buildings with a total of 16 units. At the time of sale, the asset was 56 percent occupied. Michael Hefner of Voit represented the seller and buyer in the deal.
TOPEKA, KAN. — Marcus & Millichap has brokered the sale of a two-property self-storage portfolio with 580 units in Topeka. Located at 3200 S. Kansas Ave. and 235 SW Gage Blvd., the facilities total 67,721 rentable square feet. The properties are 84 percent occupied and include climate-controlled and non-climate-controlled units, outdoor parking and portable units. Sean Delaney and Colby Haugness of Marcus & Millichap represented the Utah-based seller and procured the buyer, a Pennsylvania-based owner that engaged KO Storage to manage the portfolio moving forward.
ROSELLE, ILL. — Cawley Commercial Real Estate has secured a lease for the industrial outdoor storage (IOS) facility at 160 N. Garden Ave. in Roselle following its representation of the property’s sale earlier this year. The 5.7-acre site features a 28,964-square-foot maintenance facility and a 1,350-square-foot standalone office. Industrial Outdoor Ventures (IOV) acquired the property and appointed Matt Garland, Andrew Maletich and Theo Zacher of Cawley CRE as the leasing agents. IOV made significant renovations to the property post-acquisition that included upgrades to the building systems, refreshed interiors and enhancements to the exterior yard and drive-through bays. The Cawley team secured a long-term lease with National Trench Safety, a provider of trench and traffic safety equipment. The lease term is 87 months.
VILLA PARK, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired an 11,920-square-foot industrial building at 865 N. Ellsworth Ave. in Villa Park. The single-tenant property was fully leased at the time of sale. Built in 1980, the facility features one dock, one drive-in door and roughly a quarter acre of outdoor storage. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.