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Industrial

CTX-110-Kyle
DevelopmentIndustrialLoansTexas

Lincoln Property Co., Goldman Sachs Break Ground on 894,000 SF Industrial Project in Kyle, Texas

by Taylor Williams

KYLE, TEXAS — A partnership between Dallas-based developer Lincoln Property Co. and Goldman Sachs has broken ground on CTX 110, an 894,000-square-foot industrial project in Kyle, located southwest of Austin. Formerly known as Waterstone, the development will consist of four buildings that will range in size from 152,940 to 335,879 square feet. Buildings will feature a mix of cross-dock and front-load configurations, 32- to 36-foot clear heights and a combined total of 232 dock-high doors, 10 drive-in doors and 994 parking spaces. Powers Brown is the project architect. Campbell Roche, Kyle Spencer, Will Mogk, Kristi Leonard, Ryan Pollack and Campbell Swango of JLL arranged $83.8 million in construction financing through Bank OZK and Affinius Capital on behalf of the partnership. JLL has also been retained as the leasing agent. Completion is slated for late 2025.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 300,000 SF Industrial Lease in Northeast Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has negotiated a 300,000-square-foot, full-building industrial lease in northeast Houston. According to LoopNet Inc., the building at 9255 Railwood Drive was completed in 2003. Boone Smith and Garret Geaccone of Stream represented the landlord, New York City-based DRA Advisors, in the lease negotiations. Kent Willis of Colliers represented the tenant, nVntori, a provider of logistics and supply chain solutions.

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AcquisitionsIndustrialTexas

Bradford Arranges Sale of 19,000 SF Warehouse in Aledo, Texas

by Taylor Williams

ALEDO, TEXAS — Dallas-based brokerage firm Bradford Commercial Real Estate Services has arranged the sale of a 19,000-square-foot warehouse in Aledo, located west of Fort Worth. The two-tenant building was constructed on a four-acre site at 377 Savage Lane in 2017. Shane Benner of Bradford represented the buyer, an entity doing business as 4T4 Pack LLC, in the transaction. Cole Collins of Marcus & Millichap represented the seller.

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Central-Industrial-Center-Stockton-CA
CaliforniaDevelopmentIndustrialWestern

Conor, Dayton Street Partners Complete 1.1 MSF Industrial Center in Stockton, California

by Amy Works

STOCKTON, CALIF. — The co-development team of Conor Commercial Real Estate and Dayton Street Partners, along with an affiliate of Heitman as a partner, has completed the 1.1-million-square-foot Central Industrial Center in Stockton. Situated on a 56-acre infill site, Central Industrial Center consists of three speculative industrial buildings. The 135,200-square-foot, front-load Building 1 features 32-foot clear heights, 50- by 52-foot column spacing, 28 dock doors, two drive-in doors, 76 parking spaces and 24 trailer stalls. The 121,680-square-foot, front-load Building 2 offers 32-foot clear heights, 50- by 52-foot column spacing, 25 dock doors, two drive-in doors, 76 parking spaces and 26 trailer stalls. The 833,280-square-foot Building 3 features a cross-dock configuration with 40-foot clear heights, 50- by 60-foot column spacing, 141 dock doors, four drive-in doors, 310 parking spaces and 198 trailer stalls. All three buildings offer skylights, ESFR sprinklers, high-capacity natural gas and electrical infrastructure, 60-foot speed bays and offices. Each building is designed to accommodate a multi-tenant configuration as small as 60,000 square feet. McShane Construction Co. provided design-build services and Ware Malcomb provided construction and architectural services for the project.

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DevelopmentIndianaIndustrialMidwest

Saxum Real Estate Begins Development of 322,600 SF Cold Storage Project in Crown Point, Indiana

by Kristin Harlow

CROWN POINT, IND. — Saxum Real Estate has begun development of a 322,600-square-foot cold storage project for Arcadia Cold in Crown Point, a city in northwest Indiana. FCL Builders is the general contractor. The project will feature a clear height of 50 feet, ample dock space and dock doors to expedite distribution and container handling services, and convertible rooms with temperature capabilities between minus 10 and 38 degrees Fahrenheit. Completion is slated for the second quarter of 2026. Arcadia Cold specializes in providing third-party handling, storage, distribution and value-add services to the food industry and is the seventh-largest cold storage operator in the U.S., according to a release.

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MarLam-Industrial-Portfolio-Phoenix-AZ
AcquisitionsArizonaIndustrialLeasing ActivityWestern

CBRE Negotiates $17.5M Sale-Leaseback of 106,174 SF Industrial Portfolio in Phoenix

by Amy Works

PHOENIX — CBRE has facilitated the sale-leaseback of the MarLam Industries Manufacturing portfolio in Phoenix. A joint venture led by Wentworth Property Co. acquired the asset from MarLam Industries for $17.5 million. Located at 2425 S. 10th St. and 834 E. Hammond Lane, the two adjacent buildings offer a total of 106,174 square feet. The 48,504-square-foot building on South 10th Street features 5,403 square feet of office space, 22-foot clear heights and 11 grade-level doors. The 47,438-square-foot facility on East Hammond Lane offers 20-foot clear heights, 11 grade-level doors and a 4,829-square-foot mezzanine office level. MarLam Industries, a manufacturer of laminate and cultured marble tops and tubs and fabricator of Corian and granite kitchen and bath countertops, leased back the portfolio as part of the transaction. Geoffrey Turbow, Anthony DeLorenzo and Matt Pourcho of CBRE represented the seller in the deal.

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DevelopmentIndustrialMidwestOhio

Peak Construction Completes 56,000 SF Tenant Improvement Project for Blackhawk Industrial in Strongsville, Ohio

by Kristin Harlow

STRONGSVILLE, OHIO — Peak Construction Corp. has completed a 56,000-square-foot tenant improvement project for Blackhawk Industrial Distribution in Strongsville, a southern suburb of Cleveland. Peak previously constructed the 310,000-square-foot building on behalf of developer Scannell Properties. The property features a clear height of 32 feet, nine docks and 3,500 square feet of office space. HSB Architects & Engineers was the project architect.

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AcquisitionsFloridaIndustrialSoutheast

CBRE Arranges Sale of New 505,518 SF Industrial Property in Metro Miami

by John Nelson

HIALEAH, FLA. — CBRE has arranged the sale of Miami Midway Park, a four-building industrial park in Hialeah spanning 505,518 square feet. A real estate fund managed by Ares Management purchased the property from a joint venture partnership between Greystar and Butters Construction & Development for an undisclosed price. Jose Lobón, Frank Fallon, Trey Barry, Royce Rose, Devin White, Gabriel Braun and Daniel Sarmiento of CBRE represented the seller in the transaction. Affiliate firm Ares Industrial Management will manage Miami Midway Park on behalf of the new ownership. Delivered in second-quarter 2024, Miami Midway Park features 32-foot clear heights, 120 dock high doors, LED lighting and electric vehicle charging stations. The property was 76 percent leased at the time of sale, with 123,799 square feet of space available at the time of sale.

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DevelopmentIndustrialMarylandSoutheast

St. John Properties Begins Construction on 107,000 SF Industrial Park in Salisbury, Maryland

by John Nelson

SALISBURY, MD. — St. John Properties Inc. has begun construction on Westwood Commerce Park, a three-building industrial project in Salisbury, approximately 30 miles west of Ocean City in Wicomico County. The first phase of construction, which will be built on a speculative basis, comprises two flex/research-and-development facilities spanning more than 70,000 square feet that will be located at the intersection of Ocean Gateway and Naylor Mill Road. St. John Properties plans to deliver Phase I by fourth-quarter 2025. The 16-acre development will also include a three-acre pad site that would be suitable for a gas station or convenience store, according to St. John Properties. The Baltimore-based developer anticipates Westwood Commerce Park to employ more than 400 people at full capacity.

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AcquisitionsIndustrialNew JerseyNortheast

NAI Hanson Brokers $156.3M Sale of Industrial Outdoor Storage Portfolio in Northern New Jersey

by Taylor Williams

HARRISON AND KEARNY, N.J. — NAI James E. Hanson has brokered the $156.3 million sale of a portfolio of six industrial outdoor storage (IOS) properties totaling 48.7 acres in Northern New Jersey. Four of the properties are located in Harrison, and the other two are located in Kearny. Scott Perkins, Christopher Todd, and William Ericksen of NAI Hanson represented the buyer, Chicago-based Ambient Capital Partners, in the transaction. The seller was not disclosed.

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