OCALA, FLA. — Kansas City-based Hunt Midwest and locally based Boyd+Mox have delivered Ocala South Logistics I, a 251,388-square-foot speculative industrial facility in Ocala. The property represents Phase I of Ocala South Logistics Park, a 1.4 million-square-foot industrial park situated on 93 acres within Florida Crossroads Commerce Park in Central Florida. Building I features 32-foot clear heights, 67 dock-high doors, two drive-in doors, 60-foot-deep speed bays and 247 car parking stalls. The design-build team includes civil engineer Kimley-Horn, architect LS3P and general contractor Evans General Contractors. Rian Smith, Kris Courier and Josh Tarkow of CBRE are handling the leasing assignment, which includes leasing options for Building I and build-to-suit options for the remainder of the park. The facility, which is the only rear-load warehouse available in the market, is divisible from 50,000 square feet to 251,388 square feet.
Industrial
PRINCETON, TEXAS — U-Haul will open a six-building, 168,400-square-foot self-storage facility on an eight-acre site in Princeton, located northeast of Dallas. The facility will comprise a four-story, 130,000-square-fot storage building, a 30,000-square-foot warehouse and 8,400 square feet of single-story, drive-up storage buildings. Dallas-based MYCON General Contractors will lead construction of the project, which is now underway and slated for a June 2024 completion.
HOUSTON — Stream Realty Partners has negotiated a 135,285-square-foot industrial lease near Port Houston. The tenant, Tigerhawk Logistics, will occupy space at Building 2 at Portside Logistics Center, a 1 million-square-foot speculative development that was also developed by Stream in partnership with Principal Asset Management. Grant Hortenstine and Pearce Martens of Savills represented Tigerhawk Logistics in the lease negotiations. Tyler Maner and Jeremy Lumbreras of Stream represented ownership. The deal brings Building 2 to 52 percent occupancy.
FRANKFORT, N.Y. — Marcus & Millichap has brokered the sale of Big Blue Self Storage, a 420-unit facility in Frankfort, located east of Syracuse in upstate New York. Built in 2009, the facility spans 47,325 net rentable square feet of climate- and non-climate-controlled space across a mix of drive-up, interior and outdoor parking spaces. The property can also support future expansion. Kevin Bledsoe, Matthew Junkin and Andreas Makris of Marcus & Millichap represented the seller, a limited liability company, in the transaction and procured the buyer, Moove in Self Storage. John Horowitz of Marcus & Millichap assisted in closing the deal as the broker of record.
DEWITT, N.Y. — Locally based financial intermediary Largo Capital has arranged a $21.7 million loan for the refinancing of a 285,000-square-foot industrial building in DeWitt, located just outside of Syracuse. The newly constructed building is situated within a larger 97-acre development and features 27 dock-high doors and two drive-in doors. Jack Phillips of Largo Capital arranged the financing. The direct lender and borrower were not disclosed.
ALSIP, ILL. — The Opus Group has broken ground on Alsip Park 294, a two-building speculative industrial development totaling 360,000 square feet in the southern Chicago suburb of Alsip. Opus is completing the project in a joint venture with Principal Asset Management. Alsip Park 294 will feature immediate access to a full I-294 interchange and visibility from the interstate. Building A will total 190,935 square feet and feature a clear height of 32 feet, 18 dock doors, two drive-in doors and 169 auto parking stalls. Building B will total 169,064 square feet and feature a clear height of 32 feet, 18 dock doors and 138 auto parking stalls. Both buildings have been designed to meet Green Globe certification. Examples of sustainable features include clerestory windows, storefront glazing, LED lighting, motion-activated bay lighting and drought-tolerant landscaping. All stone, precast walls, concrete and asphalt will be locally sourced. Completion is slated for August 2024. Opus is the developer, design-builder, architect and structural engineer. Brian Kling and Jake Spinell of Colliers are marketing the buildings for lease.
COLUMBUS, OHIO — A joint venture between Clear Height Properties and MLG Capital has completed the lease-up of a 290,573-square-foot industrial building in Columbus. A single tenant, a mechanical contracting services provider for large-scale construction projects, leased the building at 1675 Watkins Road that is part of the larger Watkins Road Industrial Park. Nick Tomasone, Joe Davis and Josh Weithman of JLL represented ownership, while Mike Semon of NAI Ohio Equities LLC represented the tenant.
MAG Capital Partners Buys 66,106 SF Electronics Manufacturing Facility in Michigan in Sale-Leaseback
HOLLY, MICH. — In a sale-leaseback transaction, MAG Capital Partners LLC has purchased a 66,106-square-foot industrial property in Holly, about 17 miles south of Flint. MARA Technologies USA Inc., an electronics manufacturer, operates its headquarters from the site. Located at 10456 N. Holly Road, the facility features clear heights ranging from 19 to 22 feet, four dock-high doors, one grade-level door and an electric vehicle charging station. MARA is a subsidiary of Canada-based Invotek Group Inc. Phil DiGennaro and Adam Baxter of STREAM Capital Partners represented MARA in the transaction. Dax Mitchell and Andrew Gi lead Dallas-based MAG Capital Partners.
SAGINAW, TEXAS — ADG Concepts has signed a 45,000-square-foot industrial lease in Saginaw, a northern suburb of Fort Worth. The provider of air compression systems will relocate from nearby Haltom City to adjacent suites at Blue Mound Industrial Park, a 164,152-square-foot development. Jason Finch, Richard Hitz and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, Dallas-based Blue Ridge Industrial, in the lease negotiations. Niko Padilla of Mercer Co. represented the tenant.
STAMFORD, CONN. — School bussing services provider First Student has signed a 31,000-square-foot industrial lease renewal in the southern coastal Connecticut city of Stamford. The space at 316 Courtland Ave. spans 115,453 square feet and features clear heights of 12 to 17 feet, nine drive-in bays, 243 parking spaces and research and development/office space. Both the tenant and the landlord, Simone Development Cos., were self-represented in the lease negotiations.