ARLINGTON, TEXAS — Lee & Associates has negotiated a 40,018-square-foot industrial lease in Arlington. According to LoopNet Inc., the property at 4100 New York Ave. was built in 2018 and totals 110,468 square feet. Mark Graybill and Reed Parker of Lee & Associates represented the landlord, New York City-based Link Logistics Real Estate, in the lease negotiations. Brian Gilchrist of CBRE represented the tenant, Lapgear, which provides surfaces for office and lifestyle activity usage.
BentallGreenOak, RL Cold Break Ground on 215,766 SF Cold Storage Project in Mount Laurel, New Jersey
MOUNT LAUREL, N.J. — A joint venture between institutional investment firm BentallGreenOak and RL Cold has broken ground on a 215,766-square-foot cold storage project in Mount Laurel, an eastern suburb of Philadelphia. Greek Design|Build, an affiliate of regional owner-operator Greek Real Estate Partners, is handling construction of the project, which is being developed on a speculative basis. The facility will feature four variable compartments that can accommodate temperatures ranging from minus 10 to 55 degrees Fahrenheit, as well as a food inspection area, 27 dock positions, 5,000 square feet of mezzanine storage space and office space. A tentative completion date was not disclosed.
BUCKEYE, ARIZ. — MDH Partners has acquired KV Buckeye 10, a two-building industrial property located at 835 and 945 N. 215th Ave. in the Phoenix suburb of Buckeye, from Kentwood Ventures for $51 million. Situated on 18.8 acres, KV Buckeye 10 features 249,600 square feet of Class A industrial space spread across two buildings. Built in 2023, the asset feature 535 car parking spaces and 28-foot clear heights. Building A is 115,200 square feet and Building B is 134,400 square feet, with each building offering 12 truck-well doors and six grade-level doors. Currently KV Buckeye 10 is 60 percent leased to a variety of tenants, including the City of Buckeye; Hajoca, a privately held wholesale distributors of plumbing, heating and cooling, pool and industrial supplies; Safelite, a national automotive glass repair and replacement provider; and AVI, an international provider of communications and audio-visual technology. Greer Oliver and Connor Nebeker-Hay of JLL represented the seller in the deal. John Lydon, Hagen Hyatt and Kelly Royle of JLL are handling leasing for the project.
SAN DIEGO — Hill Properties and Westport Capital Partners have completed the disposition of 8250-8260 Camino Santa Fe in San Diego to CSF LLC for $17.1 million, or $282 per square foot. Situated on 3.6 acres, the two-building property offers 60,866 square feet of industrial space. At the time of sale, the asset was 96 percent occupied by eight tenants. The property, which was built in the late 1980s, recently underwent extensive capital improvements, including new exterior paint, suite and directional signage, monument signage, parking lot resurfacing and new landscaping. Matt Poucho, Anthony DeLorenzo, Matt Harris and Casey Sterk of CBRE’s Investment Properties represented the seller, while Chris Nelson of Matthews Real Estate and Brian Reyes of Tangram Commercial represented the buyer in the deal.
FORT WORTH, TEXAS — DICK’s Sporting Goods (NYSE: DKS) will open an 800,000-square-foot distribution center in Fort Worth, a move that is expected to create about 300 new jobs within the local economy over the next 10 years. The facility will be situated on an 89.5-acre site within Risinger/35 Logistics Park, a development by Hillwood on the city’s south side, and will serve more than 100 stores across several states. Construction of the facility, which is expected to create more than 800 temporary jobs, is scheduled to begin this fall and to be complete in early 2026. Nationally, the Pittsburgh-based retailer operates five other distribution centers in Georgia, New York, Arizona, Indiana and Pennsylvania.
CHANNELVIEW, TEXAS — A joint venture between Trammell Crow Co. (TCC) and an affiliate of South Atlantic Services is underway on construction of Carpenters Logistics Center, a 752,134-square-foot industrial project located in the eastern Houston suburb of Channelview. The development team has tilted the walls on the cross-dock building and is targeting January 2025 for delivery. Building features of Carpenters Logistics Center include a cross-dock configuration, 40-foot clear heights, 330 trailer parking stalls and an ESFR sprinkler system. The site also features five acres of contiguous industrial outdoor storage space. Seeberger Architecture designed the project, and D.E. Harvey Builders is serving as the general contractor. CBRE is the leasing agent.
EL PASO, TEXAS — Los Angeles-based investment firm BH Properties has purchased a two-building, 203,499-square-foot industrial property located at 12100-12105 Esther Lama Drive in El Paso. The buildings are situated on a 17-acre site adjacent to I-10 on the city’s east side and were originally constructed in 1986 to house the manufacturing and storage operations of the Tony Lama boot company. Brett Preston and David Hingst of Cushman & Wakefield/PIRES International represented the undisclosed seller in the transaction. The sales price was also not disclosed.
CARTERET, N.J. —DSV Global Transport & Logistics has signed a 355,000-square-foot industrial lease in the Northern New Jersey community of Carteret. The Danish freight company will occupy the entirety of the building at 300 Salt Meadow Road, which is located within the 1.2 million-square-foot Crow Holdings at Carteret development. Jules Nissim, Stan Danzig and Kimberly Bach of Cushman & Wakefield represented Crow Holdings in the lease negotiations. Mindy Lissner, also with Cushman & Wakefield, represented the tenant. The deal brings the development to roughly 45 percent occupancy following last fall’s 188,000-square-foot lease with Hong Kong-based Weida Freight Systems.
AUBURNDALE, FLA. — The State of Florida has purchased a 423,000-square-foot warehouse within Midpoint Florida Logistics Center in Auburndale, a Central Florida city near Lakeland. Dalfen Industrial sold the newly delivered property for an undisclosed price. Florida’s Division of Emergency Management plans to use the facility, situated near I-4, as a hub for the storage and movement of emergency supplies during emergency activation and response throughout the state. Delivered in second-quarter 2023, the warehouse features 36-foot clear heights and 400 trailer parking spaces.
COLLINSVILLE, ILL. — Contegra Construction Co. is underway on Eastport Commerce Center, a 75,000-square-foot office and distribution facility in Collinsville, an eastern suburb of St. Louis. BHMG Engineers, a utility engineering firm based in Sunset Hills, Mo., has leased 25,000 square feet at the property. The new office will replace BHMG’s existing 5,000-square-foot office at 1902 Vandalia St. in Collinsville. Located on a 9.5-acre site at the intersection of Eastport Plaza Drive and Fairmont Avenue, the building is near the I-255/I-55 interchange. The property features a clear height of 28 feet, four dock doors, three drive-in doors and 160 parking spaces. A timeline for completion was not provided.