Industrial

Proffitt Dixon Delivers 93,000 SF Self-Storage Facility in Chapel Hill, North Carolina

by John Nelson September 8, 2023

CHAPEL HILL, N.C. — Charlotte-based Proffitt Dixon Partners has completed the development of Carraway Self Storage, a 93,000-square-foot, climate-controlled self-storage facility in Chapel Hill. Located at 500 Myrica St., the property comprises small, medium and large units across four stories. Features include LED sensor lighting, an advanced security system and boat and RV storage options. JLL Charlotte’s Project and Development Services (PDS) team managed the design and construction of the project. Public Storage will operate the property on behalf of Proffitt Dixon.

September 8, 2023

Industrial Leasing Activity Texas

Oxford Partners Negotiates 41,920 SF Industrial Lease Renewal in Northwest Houston

by Taylor Williams September 8, 2023

HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 41,920-square-foot industrial lease renewal in northwest Houston. According to LoopNet Inc., the building at 11710 N. Gessner Road was built in 2015, totals 155,400 square feet and features 30-foot clear heights. Ryan Hartsell and Matt Rogers of Oxford Partners represented the tenant, Wartsila North America, a provider of energy equipment and technologies, in the lease negotiations. William Carpenter and Jeremy Lumbreras of Stream Realty Partners represented the landlord, California-based Panattoni Development.

September 8, 2023

Acquisitions Connecticut Industrial Northeast

WinStanley Acquires Connecticut Industrial Facility Leased to Amazon for $122.3M

by Taylor Williams September 8, 2023

WINDSOR, CONN. — Regional investment firm WinStanley Enterprises has acquired a 1 million-square-foot industrial facility in Windsor, located north of Hartford, that is fully leased to Amazon. The sales price was $122.3 million. The facility was built on an 89.5-acre site in 2014 and features 32-foot clear heights. The seller was German investment firm Deka Immobilien.

September 8, 2023

Public-Storage-Voorhees-Township-New-Jersey

Development Industrial New Jersey Northeast Self-Storage

Basis Industrial to Develop 855-Unit Self-Storage Facility in Voorhees Township, New Jersey

by Taylor Williams September 8, 2023

VOORHEES TOWNSHIP, N.J. — Basis Industrial, a Florida-based owner-operator, will develop an 855-unit self-storage facility in Voorhees Township, located just outside of Philadelphia in Southern New Jersey. The facility will span 113,000 gross square feet and feature climate-controlled space. Construction is scheduled to begin later this month and to be complete in fall 2024. WSFS Bank provided $12.1 million in construction financing for the project. Berkadia arranged the loan on behalf of Basis Industrial. Public Storage will operate the facility.

September 8, 2023

Development Industrial Washington Western

Panattoni Purchases 243,000 SF North Creek Commerce Center in Bothell, Washington

by Amy Works September 8, 2023

BOTHELL, WASH. — Panattoni Development, in partnership with PGIM Real Estate, has acquired North Creek Commerce Center at 18712 Bothell Everett Highway in Bothell. Development is currently underway on the 29-acre Class A flex/industrial park, which is slated for completion by July 2024. Zach Vall-Spinosa of Kidder Mathews, along with Ernie Velton and Reese Velton of JSH Properties, are the leasing agents for the project. The seller and price were not disclosed.

September 8, 2023

Arizona Development Industrial Western

Echo Real Estate Capital Buys Land for 182,610 SF Industrial Development in Surprise, Arizona

by Amy Works September 8, 2023

SURPRISE, ARIZ. — Echo Real Estate Capital has acquired an 11.6-acre land parcel at the northwest corner of Peoria and 132nd avenues in Surprise. The site is zoned and approved for four small-bay industrial buildings totaling 182,610 square feet. Slated for completion by the fourth quarter of 2024, Echo Park @ P132 will include four fully air conditioned buildings with 2,500 square feet of speculative office suites and secured concrete truck courts. Echo has partnered with Chicago-based Premier Design + Build to construct the project. This will be Echo’s second development in the submarket. Upon completion, Echo’s metro Phoenix portfolio will total nearly 850,000 square feet of Class A industrial space across six buildings. The company’s first development, two Class A warehouse/distribution facilities in Glendale, are on pace for completion later this year.

September 8, 2023

Development Idaho Industrial Western

Cushman & Wakefield Brokers Sale of 12.7-Acre Industrial Development Site Near Boise

by Amy Works September 8, 2023

CALDWELL, IDAHO – Cushman & Wakefield has arranged the sale of a fully entitled, 12.7-acre industrial development site in Caldwell. An undisclosed transportation company acquired the asset from the Upson family for an undisclosed price. The shovel-ready site is located at Smeed Parkway and Skyward Street within Sky Ranch Business Park. The location provides access to the Caldwell Executive Airport, Highway 20/26 and Interstate 84. Additionally, the site features existing improvements, including sidewalks, curbs, gutters, multiple fire hydrants and onsite transformers. Stephen Fife of Cushman & Wakefield represented the seller, while Alison Castro of Cresa and Greg Gaddis of Tenant Realty Advisors represented the buyer in the deal.

September 8, 2023

Development Georgia Industrial Southeast Top Stories

Pratt Industries Plans $120M Manufacturing Facility in Warner Robins, Georgia

by Jeff Shaw September 8, 2023

WARNER ROBINS, GA. — Pratt Industries Inc., a Georgia-based recycled paper and packaging company, has released plans for a new production facility in the Middle Georgia city of Warner Robins, approximately 100 miles southeast of Atlanta. The new factory is expected to create more than 125 jobs and cost over $120 million to build. The development will comprise 496,000 square feet and produce corrugated boxes using recycled containerboard. The containerboard will be largely sourced from the company’s mill in Conyers, Georgia. The property is scheduled for completion in late 2024. The new facility will be Pratt Industries’ 13th site in Georgia. According to the office of Governor Brian Kemp, the project will bring the company’s total investment in Georgia to over $800 million. “We’re very honored to be coming to Warner Robins and we’re committed to the great state of Georgia — in fact, Georgia is where our company began,” says Anthony Pratt, global executive chairman for Pratt Industries. “This will bring Pratt’s total workforce in Georgia to over 2,100 employees and 11,700 nationwide.” The property is located at Robins Industrial Park within the Peach County portion of the city, on a Georgia Ready for Accelerated Development (GRAD) certified site. The …

September 8, 2023

Industrial Leasing Activity Texas

Belt Power Signs 14,031 SF Industrial Lease Renewal, Expansion in Grand Prairie, Texas

by Taylor Williams September 7, 2023

GRAND PRAIRIE, TEXAS — Belt Power has signed a 14,031-square-foot industrial lease renewal and expansion in the central metroplex city of Grand Prairie. The Georgia-based supplier of industrial equipment is taking an additional 8,598 square feet at Woodlands Business Center, a three-building development. Michael Spain and Jason Finch of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as SL Project Texas LP, in the lease negotiations. Sam Skinner of ICON Commercial Interests represented Belt Power.

September 7, 2023

Development Illinois Industrial Midwest

Missner Group, Realterm Complete Development of 130,354 SF Spec Industrial Building in Chicago

by Kristin Harlow September 7, 2023

CHICAGO — A joint venture between The Missner Group and Realterm has completed development of a 130,354-square-foot speculative industrial building in Chicago. The Class A facility is located at 1032 W. 43rd St. within the Chicago Stockyards. The Missner Group also served as general contractor for the project, which features a clear height of 32 feet, 26 exterior docks, two drive-in doors, a 276-space parking area and 20 dedicated trailer stalls. Atom Banana, a fruit wholesaler based in Illinois, leased 61,000 square feet of the building prior to completion. The Missner Group will complete the tenant build-out and intends to start construction in the fourth quarter. The project marks the final of three developments for Realterm and Missner’s joint venture. The project team included Cornerstone Architects and engineer Spaceco Inc. Larry Goldwasser, Colin Green and Michelle Maguire of CBRE served as the leasing agents.

September 7, 2023

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