MUSKEGO, WIS. — Midwest Twisters, a company that facilitates gymnastics, ninja and parkour for youth, has leased a 10,922-square-foot industrial space in Muskego, a southwest suburb of Milwaukee. The industrial flex property is located on Mercury Drive with convenient access to Racine Avenue, a main thoroughfare in Muskego. Anthony Stevens of NAI Greywolf represented the undisclosed landlord.
DETROIT, LOS ANGELES, SAN ANTONIO AND TORONTO — The Home Depot Inc. (NYSE: HD) has announced plans for four new distribution centers in Detroit, Los Angeles, San Antonio and Toronto. The new facilities are a key component of the company’s efforts to cater to professional customers such as developers, general contractors, remodelers and property managers. The new distribution centers will stock large, bulky merchandise such as lumber, insulation and roofing shingles. The new distribution centers are expected to open in the first half of this year. Home Depot has opened similar hubs across the U.S. and expects to have 17 facilities equipped with new capabilities for pros by the end of 2024. In addition to the new distribution centers, Home Depot plans to expand its offerings to professional customers with localized product assortment tailored to each market, digital tools to manage complex orders, and special credits and pricing for professional customers. “Over the last several years, we have been investing to deliver a faster, more convenient, differentiated experience for our pros,” says Chip Devine, senior vice president of outside sales for Home Depot. “Our distribution network is one piece of the comprehensive pro ecosystem we’re building to better meet the needs …
CHATTANOOGA, TENN. — Urban Story Ventures plans to invest $28 million for the development of a new industrial facility located within the Centre South Riverport Industrial Park in Chattanooga. The property will be situated on a 19-acre site along Amnicola Highway and the Tennessee River. The new industrial/flex facility will include at least 185,000 square feet of light to heavy industrial or logistics space, with the potential for 40,000 square feet of mezzanine space. Urban Story Ventures plans for the facility to feature several loading docks, ample parking and gated entry. The design-build team includes general contractor Grace Construction and architect Method Architecture. The construction timeline was not disclosed, though the locally based developer plans to break ground on Thursday, March 21.
HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 45,590-square-foot industrial sublease in northwest Houston. According to LoopNet Inc., the building at 7350 Langfield Road was constructed in 2012 and totals 120,953 square feet. Jacob Summers and Stephen Hazen of Oxford Partners represented the sublessee, food distributor Very Best of Texas Inc., in the lease negotiations. Savannah Smith and Joseph Smith of CBRE represented the sublessor, Cinch Kit LLC, a provider of cabinet refacing services.
HOUSTON — Locally based brokerage firm Finial Group has arranged the sale of a 21,250-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 12543 Perry Road was built on 1.4 acres in 2003 and features 21-foot clear heights and 11 drive-in doors. Jason Gibbons and Tyler Holt of Finial Group represented the seller in the transaction, and Jim Rock of Avison Young represented the buyer. Both parties requested anonymity.
SANTA TERESA, N.M. — Sonny Brown Associates has arranged the sale of an industrial building located at 465 Industrial Ave. in Santa Teresa, a suburb of El Paso, Texas. Dallas-based Hunt Southwest acquired the asset from Easton, Pa.-based MCS Industries for an undisclosed price. The 215,256-square-foot warehouse, distribution and manufacturing facility features 60-foot and 45-foot column spacing with staging bays at 40-foot deep, 32-foot clear heights, CTPAT capacity, 20 dock-high doors and one ramp door. The building features a 5,843-square-foot office space, 5,686-square-foot QC Lab space and 880-square-foot shipping/receiving office space. Additionally, the building is expandable by 45,900 square feet. Adin Brown of El Paso, Texas-based Sonny Brown Associates represented the seller and buyer in the deal.
SAN DIEGO — Drawbridge Realty has completed 16705 Via Del Campo Court, a speculative office and R&D property in Rancho Bernardo, a master-planned community in northern San Diego. The three-story, Class A building is the first speculative office building to be constructed in the Rancho Bernardo market in more than a decade. The three-story, 80,720-square-foot building features large, efficient floor plates with 15-foot floor-to-floor ceiling heights, expansive window lines, outdoor patios on the ground level and third floor, and surface parking for more than 300 vehicles. Netherlands-based semiconductor manufacturer ASML (NASDAQ: ASML) has leased the top two floors, totaling 55,227 square feet. The first floor, totaling 25,493 square feet, is currently available for lease and being marketed by Jay Alexander and Tim Olson of JLL.
GROVEPORT, OHIO — Green Jobs Properties LLC has acquired a 640,640-square-foot industrial facility located at 3755 Hayes Road in Groveport, a southern suburb of Columbus. The purchase price was $56 million. The seller was Groveport Venture LLC.
WEST CHICAGO, ILL. — Brown Commercial Group has brokered the sale of a 31,379-square-foot industrial building in West Chicago for an undisclosed price. Matt Hanson of Brown represented the buyer, Krishiv Foods, a distributor of Indian food products. The buyer is more than tripling its space and will be relocating from Elk Grove Village. Mike Antonelli of Brown represented the seller, Spare Tire Enterprises LLC, which purchased the building in 2018.
WOODBRIDGE, VA. — The IDI Group Cos. (IDI) and its development partners have broken ground on Belmont Logistics, a $110 million industrial campus located in Woodbridge, roughly 25 miles southwest of Washington, D.C. According to the developer, the project marks the only new industrial project along Northern Virginia’s I-95 corridor so far this year. Upon completion, the development will feature three tilt-up concrete buildings totaling 416,000 square feet situated on 36.6 acres. Additionally, the development will include 540 car parking spaces, 40 trailer parking spaces and 55,000 square feet of additional storage space. Belmont Logistics will be developed in two phases, with the first phase comprising a 110,000-square-foot warehouse on 9.5 acres. Completion of the first phase is scheduled for the end of this year. Delivery of the campus in its entirety is scheduled for 2026. Offering connectivity to I-95, the location is situated roughly 30 miles from Dulles International Airport and 20 miles from Reagan National Airport. In addition to IDI, the joint venture developing the campus includes landowners ACD Precast LLC and the Carosi family. RW Murray is the general contractor for the project, which MGMA designed. Keystone National Group is providing an undisclosed amount of financing for …
