Industrial

LA VERGNE, TENN. — Brennan Investment Group has broken ground on two distribution centers in La Vergne, a city in Nashville’s Southeast industrial submarket. Brennan plans to deliver the two Class A properties, which will total 351,200 square feet, in second-quarter 2026. The facilities will be located on a 29-acre site that is within five miles of I-24 and within 10 miles of Nashville International Airport. Chicago-based Brennan will build 167,200- and 184,000-square-foot, rear-load industrial buildings, each designed to accommodate up to four tenants with ample trailer and employee parking, 32-foot clear heights and ESFR sprinkler systems.

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CONROE, TEXAS — Ameritex Machine & Fabrication has purchased a 145,222-square-foot industrial building in Conroe, about 40 miles north of Houston. According to LoopNet Inc., the property at 915 Conroe Park W. Drive was built on 18 acres in 2020 and features 39-foot clear heights and 19 dock-high doors. Garret Geaccone of Stream Realty Partners represented the seller, TradeLane Properties LLC, in the transaction. Tim O’Neil of TSO Properties represented the buyer.

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LANCASTER, TEXAS — Henry S. Miller Brokerage (HSM) has negotiated the sale of a 3.4-acre self-storage development site in the southern Dallas suburb of Lancaster. The buyer, national self-storage owner-operator SAFStor Inc., plans to develop a four-story, climate-controlled facility at the site at 1032 Cedar Valley Drive. Huntley Luna and Nick Robinson of HSM internally represented the seller, HSM Equity Partners, in the transaction.

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HOUSTON — Colliers has brokered the sale of Milwee Business Park, a 38,706-square-foot industrial complex in northwest Houston. The two-building property was 91 percent leased at the time of sale. Todd Moore, Connor Duffy and Zack Martin of Colliers represented the seller, Wolf Capital Partners, in the transaction. Houston-based investment firm Griffin Partners purchased the asset for an undisclosed price.

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Seventy5-Business-Park-Phoenix-AZ

PHOENIX — Baron Properties has completed the disposition of Seventy5 Business Park, a four-building industrial infill park in Phoenix, to MIG Real Estate for $46.7 million. Situated on 14.4 acres at 7150 W. Roosevelt St., the 222,394-square-foot Seventy5 Business Park features flexible small bay sizes, abundant loading capabilities with common area truck wells and fully built-out office spaces. Will Strong, Phil Haenel, Foster Bundy, Molly Hunt, Michael Matchett, Jack Stamets and Madeline Warren of Cushman & Wakefield’s Mountain West Capital Markets Industrial team represented the seller in the deal. Gary Anderson and Nik Vallens of Cushman & Wakefield provided market leasing advisory services.

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2100-Haffley-Ave-National-City-CA

NATIONAL CITY, CALIF. — CBRE has arranged the sale of an industrial building located at 2100 Haffley Ave. in National City. ALC Investments, a local owner-occupier, acquired the asset for $7.9 million. Situated on 2 acres, the 24,140-square-foot property offers 18-foot clear heights, one grade-level door, five dock-high doors and two rail-served doors. Matt Harris, Matt Porch and Anthony DeLorenzo of CBRE represented the undisclosed seller in the deal.

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BAYONNE, N.J. — TWTH Express has signed a 255,069-square-foot industrial lease in the Northern New Jersey community of Bayonne. The California-based freight and logistics company is taking space at Bayonne Distribution Center, a three-building, 613,129-square-foot industrial complex that includes 2.3 acres of industrial outdoor storage space. Chris Okada of Okada & Co. and Emanuel Westfried of Two Bins Capital represented the tenant in the lease negotiations. Russell Verducci of NAI James E. Hanson represented the landlord, Turnbridge Equities, which acquired the property earlier this year and recently launched a $12 million repositioning program.

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WELLS, MAINE — Marcus & Millichap has brokered the sale of a self-storage development site in Wells, located in York County near the Maine-New Hampshire border. The site at 71 Spencer Drive is approved for a 70,000-square-foot (net rentable) facility. Nathan Coe, Gabriel Coe, Brett Hatcher and Luke Dawley of Marcus & Millichap represented the locally based seller, Patco Construction, in the transaction. The team also procured the buyer, a partnership between two New Hampshire-based investment and development firms, Brady Sullivan Properties and True Storage.

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SPARKS, NEV. — Vantage Data Centers is entering the Nevada market with a new $3 billion campus in Sparks, located outside of Reno in Storey County. The campus, dubbed NV1, will sit on 137 acres and offer a total 224 megawatts (MW) of critical IT load. Upon completion, the NV1 campus will house four multi-story data centers totaling 1.1 million square feet. The property will be designed with densities ranging from 360 watts to 720 watts per square foot in order to accommodate the “unique needs of AI deployments,” according to Vantage. Vantage will utilize a closed-loop chiller system to reduce water usage, with the ability to employ both traditional air-cooled compute loads and liquid cooling to support next-generation GPU (graphics processing unit) loads. Vantage is aiming to achieve LEED certification for the development. Vantage expects to employ more than 1,200 individuals across the construction and ongoing operations of the campus. The first two data centers to come on line at NV1 are fully preleased to undisclosed tenants. The first facility is scheduled to open in the second quarter of 2026. NV1 will be situated within Tahoe-Reno Industrial Center, which also houses Tesla Gigafactory 1 and operations for tech companies …

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CALHOUN, GA. — Triten Real Estate Partners has acquired a 151,200-square-foot industrial facility located at 103 Enterprise Drive SW in Calhoun. Positioned near I-75, the property offers transportation infrastructure, with proximity to the Georgia Ports Authority’s Appalachian Regional Port. This deal marks Triten’s first traditional industrial acquisition outside of Texas and in Atlanta, according to company representatives. The facility is fully leased through the end of the year. Austin Kriz of JLL represented Triten Real Estate in the transaction. The seller and sales price were not disclosed.

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