WILMER, TEXAS — Atlanta-based development and investment firm Stonemont Financial Group has completed Sunridge Industrial Park, a 565,259-square-foot development located in the southern Dallas suburb of Wilmer. The building features 40-foot clear heights, 128 dock doors, four drive-in ramps and parking for 135 trucks and 309 cars, with the capacity to add more parking if needed. LGE Design Build served as the project architect and general contractor. KBC Advisors is the leasing agent.
ADDISON, TEXAS — JLL has arranged an undisclosed amount of construction financing for Addison Innovation Center, an industrial redevelopment project that will be located on north of downtown Dallas. The project will convert the 12.2-acre site of an existing office and call center complex into two warehouses totaling 242,062 square feet. The buildings, which will span 140,698 and 101,364 square feet, will be able to accommodate a single tenant or multiple users. First United Bank & Trust Co. provided the five-year, floating-rate loan to the borrower, a partnership between Houston-based Lovett Industrial and Dallas-based Rosewood Property Co. Jarrod McCabe led the transaction for JLL.
IRVING, TEXAS — Zyka Foods Southwest Inc., a wholesale provider of Indian cuisine, has signed a 15,885-square-foot industrial lease renewal in Irving. According to LoopNet Inc., the building at 2737 W. Airport Freeway was constructed in 1984 and features a clear height of 20 feet, one ramp, three dock-high doors and 1,257 square feet of office space. Canon Shoults and Maddy Canty of Holt Lunsford Commercial represented the owner, Sealy & Co., in the lease negotiations. David Easterling of CBRE represented the tenant.
OAKLAND, N.J. — Dallas-based investment firm Dalfen Industrial has acquired Thornton Logistics Center, a 92,400-square-foot industrial building in Oakland, located in Bergen County in Northern New Jersey. The sales price was $14.6 million. The building is located within the 1.7 million-square-foot Oakland Industrial Park and features a clear height of 22 feet. Thornton Logistics Center was fully leased at the time of sale. Jordan Avanzato, Marc Duval, Nicholas Stefans and Jason Lundy of JLL brokered the off-market deal. The seller was not disclosed.
MIDDLETON, MASS. — Locally based general contractor Polar Design Build has delivered a 34,000-square-foot truck service facility in Middleton, a northern suburb of Boston. The facility is a build-to-suit for dealer Kenworth Northeast and will house offices, service bays and showroom space. About 40 people will work at the facility at full operation. Other project partners included Maugel DeStefano Architects, Flood Consulting and CBC Engineers.
DUPO, ILL. — Industrial supplies company Fastenal Co. has leased a 10,020-square-foot warehouse in Dupo, just south of St. Louis. The property is located at 731 Prairie DuPont. Brokerage firm BarberMurphy represented both the tenant and the landlord, BK Property Investments LLC.
ROCKLIN, CALIF. — An affiliate of Banner Real Estate Group has completed the disposition of a self-storage facility located at 6025 Park Drive in Rocklin, approximately 22 miles northeast of Sacramento. An institutional buyer acquired the asset for an undisclosed price. Situated on 1.7 acres, the three-story, 98,240-square-foot building features 993 self-storage units in varying sizes. Completed in 2021, the property offers climate-controlled units, electronic access control, drive-up units and a covered loading bay. Brian Somoza led the JLL Capital Markets investment sales and advisory team that represented the seller in the deal.
DENVER — Newmark has arranged two new industrial leases totaling 494,398 square feet at Central Park Logistics Center, a newly constructed, two-building industrial asset in Denver. New York-based Brookfield Properties developed and owns the 695,899-square-foot complex. Discount Tire and Marcone Supply Inc. will occupy 339,000 square feet and 156,000 square feet, respectively, filling the entirely of Building 2 at 9400 E. 46th Place. Mike Wafer and Mike Wafer Jr. of Newmark represented the landlord in the transactions. Wafer also served as tenant advisor for Discount Tire, and Mike Statter of Cresa represented Marcone Group in the lease transaction.
HOUSTON — A partnership between locally based development and investment firm Pagewood and metro Philadelphia-based CenterSquare Investment Management has acquired a portfolio of nine industrial properties totaling 621,432 square feet in Houston. The portfolio comprises 46 shallow-bay buildings across 34 acres on the city’s northwest side. Stephen Ghedi and Jim Autenreith of locally based brokerage firm Moody Rambin represented the seller, HRES Group, in the transaction. Nick Spearman, Mat Volz and Paul Coonrod of Pagewood, in conjunction with Victoria Madrid and Burke Campbell of CenterSquare, represented the partnership. Warren Hitchcock and Blane Eikenhorst of Northmarq arranged acquisition financing for the deal. The new ownership plans to implement a capital improvement program across the portfolio and rebrand the properties as one development known as Gateway Industrial Commons. Partners Real Estate has been appointed as the leasing agent for the buildings.
MEDLEY, FLA. — Miller Construction Co. has delivered a 143,571-square-foot warehouse located at 7290 N.W. 77th Court in Medley, a town in Miami-Dade County. Woods Grove Capital is the developer of the Class A industrial facility, which features 36-foot clear heights, 42 columns with 54-foot spacing, 37 dock doors and two drive-in ramps. The project team includes IBI Group’s RLC Architects, Puga & Associates Inc. (MEP engineer), DDA Engineers (structural engineer) and Langan (civil engineer).
