BARTLETT, ILL. — Brown Commercial Group has negotiated a land sale that will bring a new 166,573-square-foot industrial building to Bartlett in suburban Chicago. The project on the southeast corner of Kenyon Road and Illinois Route 25 will support warehousing, distribution or e-commerce tenants. Dan Brown of Brown Commercial Group represented Cratos Industrial in the acquisition. The project team includes Cornerstone Architects and DSI Group. The project will be divisible by three units of 45,000 to 65,000 square feet. Plans call for a clear height of 32 feet, 36 exterior truck docks, three-drive in doors and 202 parking spaces. Occupancy is slated for 2025.
DELAWARE, OHIO — Marcus & Millichap has brokered the sale of Premier Storage of Delaware, a 489-unit self-storage property in Delaware near Columbus. The sales price was undisclosed. The facility offers a mix of climate-controlled units, non-climate-controlled units and parking options across 68,053 square feet. Originally built in 1999 with an expansion in 2024, the asset spans a nearly 11-acre lot with room for additional growth. Gabriel Coe, Nathan Coe and Brett Hatcher of Marcus & Millichap represented the undisclosed seller and procured the local buyer. Michael Glass, broker of record in Ohio, assisted in the transaction.
BELVIDERE, ILL. — MAG Capital Partners has purchased a 336,204-square-foot manufacturing facility in Belvidere near Rockford for an undisclosed price. Located at 775 Logistics Drive and built in 2017, the property was designed for heavy manufacturing needs and features clear heights ranging from 27 to 35 feet, 24 fully equipped raised docks and three grade-level doors. Upon closing, Piranha, a manufacturer and assembler of metal cutting, fabrication and bending equipment, signed a long-term lease for the space. MAG Capital Partners, led by principals Dax Mitchell and Andrew Gi, invests in industrial real estate and operating companies throughout the continental U.S. JC Asensio, Andrew Sandquist and Briggs Goldberg of Newmark represented the seller, STAG Industrial Holdings LLC.
SMYRNA, TENN. — PepsiCo Beverages North America has opened a new distribution center and warehouse facility located at 2020 Midway Lane in Smyrna, a southeast suburb of Nashville. The 400,000-square-foot facility is the company’s largest Southeast distribution center and its second largest in the country. PepsiCo formerly operated from a downtown Nashville distribution facility roughly a third the size of the new Smyrna property. The new facility is certified LEED Silver and features all-electric warehousing equipment, open office spaces, enhanced safety technology and a climate-controlled warehouse. The property, which serves 14 counties in the Nashville metropolitan area, has the capacity to distribute 20 million cases of PepsiCo beverages annually, including Pepsi, Mountain Dew, bubly, Gatorade and Rockstar.
BOSTON — JLL has arranged $27.3 million in acquisition financing for a portfolio of two industrial buildings totaling approximately 315,000 square feet in New England. The addresses were not disclosed, but the buildings are located in Central Massachusetts and the greater Hartford area. Andrew Gray and Ryan Parker of JLL originated the nonrecourse financing through an undisclosed life insurance company. The borrower was locally based investment firm Northbridge Partners. Both buildings are leased to tenants on long-term deals.
FREMONT, CALIF. — Boston-based Longpoint has acquired a three-building light industrial portfolio in Fremont for $31.5 million. Known as The Silicon Valley Portfolio, the 122,168-square-foot asset is Longpoint’s first acquisition in the Bay Area. The portfolio is situated on the East Bay area near the major transportation corridors of Interstates 680 and 880. Steven Golubchik, Edmund Najera, Jonathan Schaefler and Darren Hollak of Newmark’s Western region team handled the transaction. The name of the seller was not released. Joe Kelly of Newmark serves as the leasing advisor for the portfolio.
AUBURN, WASH. — Cushman & Wakefield has brokered the sale of Auburn Park 167, an industrial park at 3703 and 3941 I Street NW in Auburn, approximately 20 miles south of Seattle. Terms of the transaction were not released. Situated on 17.6 acres, the 385,986-square-foot Auburn Park 167 features two industrial warehouses with a variety of bay sizes, 30-foot clear heights and grade/dock-high loading doors. Currently, Auburn Park 167 is 100 percent leased. Bryce Aberg, Jeff Chiate, Jeffrey Cole and Matthew Leupold of Cushman & Wakefield’s national industrial investment advisory group represented the seller in the transaction.
WAYNE, PA. — Tremont Realty Capital, a division of metro Boston-based investment firm RMR Group, has provided a $27 million loan for the refinancing of a 138,065-square-foot industrial property in Wayne, a northwestern suburb of Philadelphia. The building at 400 Devon Park Drive was originally constructed in 1969 and features clear heights of 20 to 24 feet. JLL arranged the loan, which was structured with a three-year initial term with two one-year extension options. The borrower was a joint venture between Mainstreet Capital Partners and Contrarian Capital Management.
EXTON, PA. — Locally based developer Hankin Group has broken ground on Phase II of Haywood Business Park, a 70,000-square-foot industrial flex project in Exton, about 35 miles west of Philadelphia. Phase II of Haywood Business Park is being developed on a speculative basis and will consist of two 35,000-square-foot buildings that can support light manufacturing, warehousing and research-and-development uses. Leasing is underway on the first building, which features a clear height of 20 feet, four dock doors and 54 parking spaces. Construction of that building is slated for an early 2025 completion. Phase I of Haywood Business Park delivered 105,000 square feet of product.
EDISON, N.J. — Colliers has brokered the $8 million sale of a 29,000-square-foot warehouse in the Central New Jersey community of Edison. The building at 6 Olsen Ave. includes 3,000 square feet of office space and 100 parking spaces. Jacklene Chesler and Patrick Norris represented the seller in the transaction. Christopher Galiano of NAI DiLeo-Bram represented the buyer, which also plans to occupy the building. Both parties requested anonymity.