WYLIE, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of a 23,900-square-foot warehouse in Wylie, a northeastern suburb of Dallas. According to LoopNet Inc., the property at 1141 Bozman Road comprises four buildings that were delivered in phases over the past several years, with Phase I completed in 2022 and Phase II completed in early 2024. Bryan Meyer and Jennifer Pierson of STRIVE represented the seller and procured the buyer, both of which were California-based investors that requested anonymity.
WEST CHESTER, OHIO — CBRE has arranged the $13 million sale of a 183,178-square-foot industrial property in West Chester near Cincinnati. Located at 9113 LeSaint Drive, the building served as the former headquarters of The O’Gara Group. Built in 1986 and renovated in 2023, the property features seven dock doors and eight drive-in doors on a 10.9-acre site. At the time of sale, the asset was fully occupied by three tenants. Will Roberts, Steve Timmel and Tim Schenke of CBRE represented the seller, TradeLane Properties. Plymouth Industrial REIT Inc. was the buyer.
ALVARADO, TEXAS — Bradford Commercial Real Estate Services has negotiated a 16,000-square-foot lease at an industrial flex building in Alvarado, a southern suburb of Fort Worth. The tenant, Legend Conversion, which provides custom automotive build-outs, will occupy the entire building at 4209 Longhorn Drive, which features 25-foot clear heights, four grade-level doors and two dock-high doors. Todd Lambeth and Cade Navarro of Bradford represented the landlord, AAN Development LLC, in the lease negotiations.
SAVANNAH, GA. — McCraney Property Co. has obtained $84 million in senior financing for Phase I of Logistics 16 at Ottawa Farms, a 1 million-square-foot industrial development in Savannah. The three-building property is situated approximately 16 miles from the Port of Savannah. Melissa Rose, Michael DiCosimo and Nicole Barba of JLL arranged the financing package, which includes a three-year, floating-rate loan through Truist. McCraney delivered the three rear-load distribution buildings in 2024. The facilities, which were nearly 85 percent leased at the time of financing, feature 32- to 36-foot clear heights, dock doors and ESFR sprinklers. Logistics 16 at Ottawa Farms is expected to span 4.4 million square feet across nine buildings at full build-out.
BROOKSHIRE, TEXAS — Stream Realty Partners has negotiated a 94,931-square-foot industrial lease in the western Houston suburb of Brookshire. The space is located within the 2.3 million-square-foot Empire West Business Park development. Jeremy Lumbreras, Heath Donica, Justin Robinson and Matteson Hamilton of Stream internally represented the landlord in the lease negotiations. Abraham Richardson and Grant Wisenbaker, also with Stream, represented the tenant, Pointsmith Point-of-Purchase Management Services LLC.
WYCKOFF, N.J. — City National Bank has provided a $14.5 million loan for the refinancing of a 115,084-square-foot industrial facility located at 500 W. Main St. in the Northern New Jersey community of Wyckoff. Built in 1966, the shallow-bay property features a clear height of 21 feet, six dock doors, nine drive-in doors and 115 parking spaces. Michael Klein, Max Custer and Christian Badalamenti of JLL arranged the five-year, fixed-rate loan on behalf of the borrower, The STRO Cos. At the time of the loan closing, the facility was fully leased to 12 tenants across manufacturing, distribution and service industries.
CUDAHY, CALIF. — Stream Realty Partners has secured project entitlements for Central LA Commerce Center, a Class A light industrial development located at 4900 Cecilia St. in Cudahy, a suburb 11 miles southeast of Los Angeles. The project will transform a functionally obsolete 1950s-era manufacturing building into a LEED-certified light industrial development. The 100,000-square-foot property will feature a clear height of 36 feet, 5,000 square feet of speculative two-story office space, 11 dock-high doors and two drive-in doors. Additionally, the asset will include a fully secured truck court, independent ingress and egress for autos and trucks, and heavy base building power to meet the needs of modern light industrial tenants. Stream’s Industrial Development team for Central LA Commerce Center includes Nick Kreuter, Andrew Warren and Scott Sowanick, who will collaborate with the brokerage team led by Matt Moore and Wes Hunnicutt.
WHITESTOWN, IND. — Ambrose has broken ground on Building IV, a speculative industrial building totaling 248,000 square feet at Indianapolis Logistics Park – Northwest in Whitestown. The building marks the last planned development within the industrial park and is slated for completion in December. Building II was completed in April, and the balance of the building — 145,568 square feet — was recently leased to a confidential user. Kattsafe North America, a provider of innovative safety and security solutions, moved into its 93,871-square-foot headquarters in Building II. The 233,000-square-foot Building III is available for lease. Construction continues on Building I, a 601,000-square-foot build-to-suit for Safavieh, a global home furnishings company. The general contractor for all four buildings is Compass Commercial Construction Group. Design partners include Curran Architecture and Kimley-Horn. CBRE is the leasing agent. Ambrose partnered with Horizon Bank on the construction financing for Buildings II and IV. Total investment in the park exceeds $120 million.
RICHARDSON, TEXAS — Florida-based investment firm Basis Industrial has purchased a portfolio of 24 buildings totaling approximately 519,000 square feet in the northeastern Dallas suburb of Richardson. The portfolio consists of Arapaho Business Park, a 408,000-square-foot development, and the 111,000-square-foot Westwood Business Park. Basis also plans to open a new regional office within Building 7 at Arapaho Business Park. The seller and sales price were not disclosed.
SAN MARCOS, CALIF. — Lee & Associates has arranged the sale of a showroom and flex building located at 307 Carmel St. in San Marcos. Creative Carmel LLC, an owner-user, acquired the asset from 307 E Carmel LLC for $6 million. Situated on 1.8 acres, the 18,452-square-foot single-tenant building offers 40 percent showroom, 25 percent office and 35 percent warehouse space. Marko Dragovic, Isaac Little and Olivia Baffert of the Little Dragovic Team at Lee & Associates – North San Diego County represented the seller, while Russ Jabara and Shawn Espino of San Diego Commercial Realty represented the buyer in the deal.