KATY, TEXAS — Mars Shipping Service Inc. has signed a 32,375-square-foot industrial lease in the western Houston suburb of Katy. The logistics firm is taking space at 21323 Clay Road, which according to Crexi is known as Bridgewater Commerce Center. Garret Geaccone, Boone Smith and Abraham Richardson of Stream Realty Partners represented the landlord, Harbor Capital Advisors Inc., in the lease negotiations.
HOUSTON — Locally based brokerage firm Finial Group has arranged the sale of a 21,879-square-foot warehouse in West Houston. According to LoopNet Inc., the single-tenant building at 11505 Todd St. was originally constructed in 1953. Chase Tucker and William Alcorn of Finial Group represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.
SWEDESBORO, N.J. — Regional investment firm DH Property Holdings has acquired a 55,000-square-foot vacant industrial building in Swedesboro, located in Southern New Jersey. The building sits on a 14.7-acre site at 509 Heron Drive and features a clear height of 22 feet, five loading docks, four drive-in doors, 130-foot truck court depths, 60 car parking spots and three acres of fenced storage space. Jonathan Klear of NAI Mertz, along with Ian Richman & Marc Isdaner of Colliers, brokered the off-market deal. The seller was not disclosed.
NEW YORK CITY — Moda Operandi has signed a 30,000-square-foot industrial lease in Queens. The online fashion retailer is taking space on the third floor of the 157,000-square-foot, newly renovated building at 58-30 Grand Ave. in the Maspeth neighborhood, which is known locally as the Pearl Building. Rico Murtha, Helen Paul, Joe Hentze Jr. and Sonny Singh of Cushman & Wakefield represented the landlord, The Davis Cos., in the lease negotiations. Owen Hane of JLL represented the tenant.
HOUSTON — Valor Communication Inc., a wholesale provider of cell phone accessories, has signed an 80,125-square-foot industrial lease in West Houston. According to LoopNet Inc., the building at 10811 S. Westview Circle Drive is known as Town & Country Commerce Center and features 28-foot clear heights and 3,849 square feet of office space. Garret Geaccone and Boone Smith of Stream Realty Partners represented the landlord, DRA Advisors, in the lease negotiations. John Nguyen of Keller Williams Realty represented the tenant.
HOPKINTON, MASS. — JLL has arranged the refinancing of a 198,336-square-foot manufacturing facility in the western Massachusetts suburb of Hopkinton. The loan amount was not disclosed. The two-building facility sits on 19 acres at 68-78 Elm St. and was fully leased at the time of the loan closing to life sciences and diagnostics company Revvity. Andrew Gray, Ryan Parker and Brooke Howard of JLL arranged the loan through an undisclosed commercial bank on behalf of the borrower, locally based investment firm NorthBridge Partners.
FLORHAM PARK, N.J. — A partnership between two New Jersey-based firms, The STRO Cos. and KRE Group, is nearing completion of an industrial redevelopment project in the Northern New Jersey community of Florham Park. The project converted a former office building that sits on a 14.4-acre site at 19 Vreeland Road into a 136,714-square-foot warehouse with a clear height of 36 feet, 26 loading docks, one drive-in door and parking for 108 cars and 36 trailers. Construction began in June 2024. Cushman & Wakefield has preleased the entirety of the building to Johnstone Supply (42,000 square feet) and PIMS Inc. (94,714 square feet).
CANTON, MASS. — Marcus & Millichap has brokered the $7.1 million sale of a 39,687-square-foot warehouse in Canton, a southern suburb of Boston. The building sits on a 2.6-acre site at 40 Hudson Road and was fully leased at the time of the loan closing to an electrical manufacturing company. Harrison Klein of Marcus & Millichap represented the buyer, Seyon Group, in the transaction. The seller, an entity doing business as Canton II JB Capital LLC, was self-represented.
SAN DIEGO — Parallel Capital Partners has purchased two industrial properties — Rose Canyon Business Park and The 5 & 52 Business Park — in the Sorrento Valley district of San Diego in two separate transactions, representing an investment of more than $100 million across 300,000 square feet of industrial space. Acquired in April, Rose Canyon Business Park is a 15-building, multi-tenant industrial park totaling 234,000 square feet across two parcels spanning 38 acres. The project is currently 85 percent leased, with an average tenant size of 1,700 square feet. Parallel plans to invest more than $5 million in improvements, including landscaping, exterior upgrades, signage enhancements and a speculative suite program. Additionally, the firm plans to convert approximately 13,000 square feet of office space into additional industrial units. The asset is located at 4901-4907 Morena Blvd. Located at 5965 and 5975 Santa Fe St., the 5 & 52 Business Park offers 71,597 square feet of industrial space spread across two buildings on 4 acres. The property was fully vacant when Parallel acquired it in November 2024. The firm plans to rebrand the property as a multi-tenant industrial park. Renovations will include demising the project into smaller units, delivering move-in-ready speculative suites …
JOHNS CREEK, GA. — Dermody has broken ground on LogistiCenter at South Forsyth, a 93,960-square-foot industrial facility located at 7515 New Boyd Road in Johns Creek, a northern suburb of Atlanta. Located in the South Forsyth/North Fulton market, the Class A facility is situated on a 10-acre site within Johns Creek Technology Park. Reed Davis, Bob Currie, Brad Pope and Hannah Dillard of JLL are handling leasing for LogistiCenter at South Forsyth, which is available for preleasing and slated for occupancy in the fourth quarter. The facility will feature 2,500 square feet of speculative offices, 32-foot clear heights, 54- by 60-foot column spacing, 22 dock-high doors, two drive-in doors, 99 parking stalls, ESFR fire protection and LED lighting.