SANDY SPRINGS, GA. — BKM Capital Partners and Kayne Anderson Real Estate have acquired Northridge Commons, a 471,000-square-foot industrial campus in Sandy Springs, a northern suburb of Atlanta in Fulton County. Locally based development firm Third & Urban sold the 38-acre property for $100 million. Built in the early 1980s along the Ga. Highway 400 corridor, Northridge Commons comprises seven industrial facilities with suites ranging in size from 2,046 to 39,221 square feet. The campus, which was 90 percent leased at the time of sale, also features a 57 percent office finish. Nathan Williams of Scotland Wright Associates helped facilitate the transaction between BKM and Third & Urban.
WESTMINSTER, COLO. — CBRE has arranged the sale of Novera Commerce Center, a proposed three-building industrial development in Westminster. Opus Development sold the project to Principal Asset Management for an undisclosed price. Todd Witty and Daniel Close of CBRE represented the seller and have been retained by the new ownership to lead leasing efforts for the development. Located at 13900 Huron St., the 386,489-square-foot project will comprise three buildings ranging from 89,000 square feet to 195,000 square feet. Slated for delivery in the second half of 2027, the development will offer flexible suite configurations, ample loading capacity, trailer parking and modern industrial specifications designed to accommodate a broad range of users. Buildings will accommodate users as small as approximately 18,700 square feet, providing flexibility for a range of occupier sizes.
NASHUA, N.H. — Colliers has brokered the $6.8 million sale of a 45,650-square-foot industrial flex building in Nashua, located near the Massachusetts-New Hampshire border. According to LoopNet Inc., the building at 4 Bud Way was completed in 1978 and offers a clear height of 16 feet and four exterior dock doors. Andrew Robbins of Colliers represented the seller, Kelley Family Properties, in the transaction. Tyler Ewing of Hunneman represented the buyer, Sticks Investment Group.
Shea Properties Begins Construction on 118,232 SF Industrial Project in City of Industry, California
CITY OF INDUSTRY, CALIF. — Shea Properties has started construction on Shea Center Industry, a Class A industrial development in City of Industry. Totaling 118,232 square feet, Shea Center Industry will feature a 48,073-square-foot building and a 70,159-square-foot building, with 5,000 square feet to 7,000 square feet of office space. Completion is slated for late 2027. The buildings will feature 32-foot clear heights, ESFR fire suppression, grade-level and dock-high doors, dedicated office space and ample parking. Each building will have a fenced, private concrete yard with electric rolling gate operators.
BELLINGHAM, WASH. — Marcus & Millichap has directed the sale of Pak-A-Nut Storage, a self-storage facility in Bellingham. A local private owner that built and self-managed the property for 20 years sold the asset to a Phoenix-based institutional self-storage owner for $8 million. Situated on 5.8 acres at 840 Marine Drive, Pak-A-Nut Storage offers 58,410 square feet of self-storage space and more than 2 acres of land with potential for future expansion. Public Storage will serve as third-party manager for the new ownership. Chris Secreto of Marcus & Millichap represented the seller and procured the buyer in the transaction.
HOUSTON — Colliers has brokered the sale of Brookhollow West Service Center, an industrial complex in northwest Houston that according to LoopNet Inc. was built in 1975 and totals 32,442 square feet. Ben Condara and Jon Lindenberger of Colliers represented the undisclosed seller in the transaction. The buyer, local investment firm Pine Ridge Real Estate, plans to make both interior and exterior capital improvements to the property and has also retained Colliers as the leasing agent.
PERTH AMBOY, N.J. — Kurv, the industrial development and investment firm formerly known as Bridge Industrial, is underway on construction of a 471,231-square-foot project in the Northern New Jersey community of Perth Amboy. Kurv Perth Amboy III will feature a clear height of 40 feet, 69 exterior docks, two drive-in doors, 2,550 square feet of office space and parking for 243 cars and 120 trailers. The groundbreaking took place over the summer, and the space is expected to be available for occupancy early next year. CBRE is marketing the building for lease.
SHREWSBURY, MASS. — Philadelphia-based investment firm Equus Capital Partners has acquired Centech Park North, a 300,075-square-foot industrial development in Shrewsbury, located just outside of Worcester. Developed by NorthBridge Partners and completed in 2023, Centech Park North comprises two buildings totaling 195,975 and 103,500 square feet. The buildings feature clear heights of 36 feet and a combined 64 dock-high doors and four drive-in doors. The park was fully leased at the time of sale to tenants in industries such as life sciences, advanced manufacturing and commercial services. The sales price was not disclosed.
HUTTO, TEXAS — Blue Origin Enterprises, a private American aerospace manufacturer, defense contractor and spaceflight services company founded by Amazon founder Jeff Bezos, will invest approximately $554 million to develop Constellation Park, a 1.3 million-square-foot satellite and communications manufacturing campus located in Hutto, about 35 miles northeast of Austin. The facility is expected to create more than 2,000 jobs over 10 years. Constellation Park will be situated in the Hutto Crossing development, a 118-acre, multi-phase industrial and commercial development owned by Dallas-based Velocis, Austin-based Ironwood Realty Partners LLC and California-based MBK Industrial Properties. This project marks the first time Blue Origin is receiving money from outside investors, as reported by multiple sources. The space company received an $18.2 million grant through the Texas Enterprise Fund from Texas Gov. Greg Abbott’s office. Williamson County also unanimously approved local tax breaks and economic development agreements for Blue Origin’s investment. According to the Austin Business Journal, Blue Origin has committed to working with the Williamson County school district to develop paid high school internships and support career and technical education programs to give students a pathway to careers in aerospace and advanced manufacturing. “With this investment by Blue Origin, along with recent expansions by …
WHITELAND, IND. — Colliers has brokered the sale of Mohr Logistics Park Building 6, a 1.1 million-square-foot, single-tenant industrial facility located within the 475-acre Mohr Logistics Park in Whiteland, Indiana, just south of Indianapolis. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel of Colliers Institutional Industrial Advisors | Central represented the seller, Mohr Capital. The Dallas-based commercial real estate investment firm specializes in the acquisition, development and management of office, industrial, healthcare, hotel and retail properties. The buyer was not disclosed. Fully leased through August 2036 to Cummins Inc. — a global power technology company that designs, manufactures and services engines, power systems and related technologies — the property features a 40-foot clear height, 120 dock doors, four drive-in doors, 652 auto parking spaces, 270 trailer parking spaces and a 140-foot truck court. The facility provides convenient access to Cummins’ corporate and supply-chain presence throughout Indiana, including its headquarters in Columbus, Indiana, while also offering connectivity to Indianapolis International Airport, home to the world’s second-largest FedEx air hub. “The property’s location at the I-65 and Whiteland Road interchange provides immediate access to Indianapolis’ primary north-south distribution corridor and key regional transportation networks,” says Cantu. “Investors continue to target …