DALLAS — Preziosa Stone has signed a 23,874-square-foot industrial lease in the Brookhollow neighborhood of northwest Dallas. The tenant is taking space at PROTO Park, a 250,000-square-foot industrial redevelopment by North Texas-based M2G Ventures. Sheenu George of KW Commercial represented the tenant in the lease negotiations. Sarah Ozanne and Lena Pierce of Stream Realty Partners represented M2G Ventures. The deal brings PROTO Park to full occupancy.
HOUSTON — Partners Real Estate has brokered the sale of an industrial flex building located at 3611 Gulf Freeway, just southeast of downtown Houston. According to LoopNet Inc., the property was constructed in 1969 and renovated in 2022. Travis Land, Cole Popper and Braedon Emde of Partners represented the seller in the transaction. Zachary Green of Chodrow Realty Advisors represented the buyer. Both parties requested anonymity.
FORT MYERS, FLA. — Glenstar Logistics has inked three new leases at Tri-County 75 industrial park in Fort Myers totaling 192,990 square feet. Located at 6115-6150 Tri-County Commerce Way, the park is situated at the southeast corner of I-75 and Luckett Road. The new tenants include a Fortune 500 beverage company (56,705 square feet); Orlando-based Mechanical One (67,620 square feet), a home repair and maintenance company; and NB Handy (68,665 square feet), a Virginia-based distributor of metals, HVAC, commercial roofing and machinery products. Bob Johnston of Lee & Associates arranged the three leases on behalf of ownership. Ben Kuykendall of First Capital Property Group Inc. represented Mechanical One in the lease negotiations, and Danny Holly and Shawn Stoneburner of Cushman & Wakefield represented NB Handy. Tri-County 75’s general contractor, The Conlan Co., will be building out spaces for all three tenants. Developed in partnership with Columnar Holdings, Tri-County 75 spans 816,866 square feet across four buildings. Other members of the design-build team include architect Ware Malcomb and civil engineer DeLisi Fitzgerald. The project was delivered in October and is now 64 percent leased. Another 215,000 square feet of space is expected to execute shortly at Tri-County 75 to two undisclosed …
NEW YORK CITY — Affinius Capital has provided a $150 million loan for the refinancing of a portfolio of six industrial properties totaling 1.8 million square feet. Though names and addresses were not disclosed, the properties are located in Atlanta, Dallas, Philadelphia, Charlotte, Louisville and South Florida and feature clear heights ranging from 24 to 36 feet. The borrower was Ares Management. The portfolio was roughly 40 percent occupied at the time of sale, although Affinius notes that “letters of intent are out on the majority of the remaining vacant space.”
CANTON, MASS. — A partnership between locally based developer Jumbo Capital and affiliates of Apollo Global Management has completed the renovation of a 136,000-square-foot industrial building in the southern Boston suburb of Canton. The building sits on a 10-acre site at 30 Dan Road, features a clear height of 34 feet and is subdividable to 50,000-square-foot suites. Surus Construction & Development served as the general contractor for the project, which began in summer 2022. Integrated Project Services handled architectural design, and Highpoint Engineering served as the civil engineer. Colliers is now marketing the property for lease.
FRANKLIN PARK, ILL. — CRG has unveiled plans to develop The Cubes at ORD, a 66,552-square-foot speculative industrial facility in the Chicago suburb of Franklin Park. The project will be situated on 4.3 acres at 3901 Fleetwood Drive immediately southeast of O’Hare International Airport. The multimodal facility, which will feature direct access to I-294 and the airport, will accommodate small and mid-size users looking for Class A space in the submarket. Completion is slated for the fourth quarter. The Cubes at ORD will offer the same modern features as CRG’s other Cubes-branded facilities, including ESFR sprinkler systems, high-efficiency LED lighting, 20 exterior docks, two drive-in doors, 11 trailer storage spaces and parking for 70 vehicles. CRG’s parent company, Clayco, will serve as the builder. CRG affiliate Lamar Johnson Collaborative is the architect. Brian Colson and Brian Pomorski of Avison Young will market the project for lease. Avison Young also represented CRG in the purchase of the land, while Michael Caprile of CBRE represented the sellers.
ITASCA, ILL. — Cawley Commercial Real Estate has brokered the sale of 12 parcels of land totaling 14.2 acres in Itasca for an undisclosed price. Located on Marino Court, the site had long been a coveted location for developers over the past decade, with multiple unsuccessful attempts to secure the parcels. Andrew Maletich of Cawley worked on the deal for 27 months to secure contracts for all the parcels, overseeing the annexation and rezoning of the site into the Village of Itasca. He ultimately brokered the sale of the property, which sold to a large data center company.
SAN DIEGO — BKM Capital Partners has purchased Canyon Industrial Center, a multi-tenant industrial park in San Diego’s Kearny Mesa submarket, for $70.2 million. Situated at 9424-9560 Chesapeake Drive, Canyon Industrial Center features 198,728 square feet of space spread across 13 buildings, with a 31 percent office component. Built in 1979, Canyon Industrial Center offers 49 units ranging in size form 552 square feet to 18,953 square feet with 14- to 20-foot clear heights, ample parking, 56 grade-level doors and seven dock-high doors. BKM plans to invest more than $1.7 million to bring the property from Class B to Class A status, including upgrades to its roofs, HVAC systems, parking lots, paint, signage and landscaping. The company also plans to demolish and re-tenant two large industrial units, totaling 32,000 square feet, into four small-bay suites averaging 8,000 square feet. At the time of sale, Canyon Industrial Center was 99 percent leased to 46 tenants. Jeff Cole, Jeff Chiate and Bryce Aberg of Cushman & Wakefield represented the seller, a global investment advisor, while BKM represented itself in the transaction.
VERNON, CALIF. — Privy, an apparel wholesaler, has acquired an industrial building located at 2640 E. 26th St. in Vernon. A private investment company sold the asset for $13.7 million. Privy plans to use the 40,129-square-foot property as its expanded headquarters. Anthony Bergeman, Michael Chase and Krishna Shegran of DAUM Commercial’s capital markets office in Costa Mesa represented the seller, while Steven Kim of One Commercial represented the buyer in the deal. Moon Lim and Ryan Judd of DAUM’s Los Angeles office also participated in the transaction.
JACKSONVILLE, FLA. — Miller Construction Co. has completed a 302,823-square-foot warehouse located at 2992 Pickettville Road in west Jacksonville. Lincoln Property Co. is the developer of the rear-load facility, which features 58 dock doors, two drive-in ramp doors, 36-foot clear heights and 54- by 48-foot column spacing. The property is situated near I-295 and I-10 and is divisible for up to four tenants. The project team includes architect IBI Group, MEP engineer Puga & Associates Inc., structural engineer DDA Engineers and civil engineer Adkinson Engineering.