Tuesday, July 22, 2025
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Industrial

Northport-Biz-Center-North-Las-Vegas-NV
AcquisitionsIndustrialNevadaWestern

MCA Realty Sells 127,132 SF Northport Business Center in North Las Vegas to Rising Realty Partners

by Amy Works

NORTH LAS VEGAS, NEV. — MCA Realty has completed the disposition of Northport Business Center, a six-building industrial park in North Las Vegas, to Rising Realty Partners for $23 million. MCA Realty originally acquired the business park in September 2021 and spend approximately $2 million in capital improvements, converting functionally obsolete office space to warehouse space. Located at 3825-2985 Cheyene Ave., Northport Business Center offers 127,132 square feet of industrial space. At the time of sale, the property was fully leased to a variety of tenants. The industrial park was built in 2000. Dan Doherty, Jerry Doty and Chase Pavlov of Colliers represented MCA Realty and the buyer in the transaction. Northport Business Center is the fourth property sold within the MCA Realty Industrial Growth Fund.

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AcquisitionsArizonaIndustrialWestern

Western American Investments Acquires 10,963 SF Industrial Space in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — Western American Investments has purchased an industrial space at 2425 W. Curtis Road in Tucson. Kassaboo LLC, Stefiboo LLC and Vegaboo LLC sold the asset for $2.2 million. The property features 10,963 square feet of industrial space. Paul Hooker of Cushman & Wakefield | PICOR represented the buyer in the deal.

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14/35-Belton-Crossing
DevelopmentIndustrialTexas

Tradition Holdings Breaks Ground on 343,371 SF Industrial Project in Belton, Texas

by Taylor Williams

BELTON, TEXAS — Dallas-based developer Tradition Holdings has broken ground on 14/35 Belton Crossing, a 343,371-square-foot industrial project in Belton, located outside of Temple in Central Texas. The development will consist of four buildings ranging in size from 70,000 to 115,000 square feet on a 27.5-acre site. Building features will include 32- to 36-foot clear heights, 180-foot truck court depths and parking for 74 trailers and roughly 400 cars. KBC Advisors will market the project for lease. Powers Brown Architecture is designing the project, and ARCO/Murray is the general contractor. Completion is slated for the second quarter of 2024.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 63-Unit Self-Storage Facility in Rockport, Texas

by Taylor Williams

ROCKPORT, TEXAS — Marcus & Millichap has brokered the sale of Affordable Mini Storage, a 63-unit self-storage facility in Rockport, located just north of Corpus Christi. The three-building facility was constructed in 2018. Jon Danklefs of Marcus & Millichap represented the seller in the transaction, and Sean Delaney, also with Marcus & Millichap, represented the buyer. Both parties were limited liability companies that requested anonymity.

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IndustrialLeasing ActivityTexas

G2 Automated Technologies Signs 15,109 SF Industrial Lease Renewal in Northeast Dallas

by Taylor Williams

DALLAS — G2 Automated Technologies, a manufacturer that serves the healthcare, energy and food processing industries, has signed a 15,109-square-foot industrial lease renewal at Park Forest Business Center in northeast Dallas. Jason Finch of Bradford Commercial Real Estate Services represented the landlord, Tyler Family Real Estate Investments LLC, in the lease negotiations. Dave Peterson of NAI Robert Lynn represented the tenant. The deal keeps the 200,500-square-foot industrial flex property at full occupancy.

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River-Pointe-Logistics-Center-Lehigh-Valley
DevelopmentIndustrialNortheastPennsylvania

River Pointe Logistics Provides Updates on 800-Acre Lehigh Valley Industrial Project

by Taylor Williams

UPPER MOUNT BETHEL, PA. — Developer River Pointe Logistics has provided updated plans for River Pointe Commerce Park, an industrial project located in the Lehigh Valley city of Upper Mount Bethel. The development team has received conditional preliminary approval for subdivision, infrastructure improvements and land development plans for three lots within the 800-acre site. River Pointe now expects to break ground on the initial phase of construction, which will center around a 375,000-square-foot building, in the fourth quarter. To date, River Pointe has invested over $8 million in design, engineering, geotechnical, and impact analysis, including traffic, environmental and economic analysis.

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The-Ranch-Gilbert-AZ
AcquisitionsArizonaDevelopmentHealthcareIndustrialMixed-UseMultifamilyOfficeRestaurantRetailWestern

Partnership Purchases 311-Acre Site for Mixed-Use Project in Gilbert, Arizona

by Amy Works

GILBERT, ARIZ. — Indicap, Colmena Group and Langley Properties have completed the purchase of 311 acres of land at the northwest corner of Power and Warner roads in Gilbert. The property traded for $107.5 million in an all-cash transaction. The buyers plan to develop The Ranch, a billion-dollar mixed-use project on the site. With the land acquisition complete, the project will move to the site planning and design phase, with a groundbreaking slated for third-quarter 2024. The project will include: Jason Hyams of Insight Land and Investments represented the buyer. Danny Perkinson and Scott Perkinson of Perk Prop Real Estate represented the seller, The Dale C. Morrison Trust, in the deal.

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Westcore-Odyssey-Ind-Livermore-CA
AcquisitionsCaliforniaIndustrialWestern

Westcore Acquires 3.5 MSF Industrial Portfolio in California

by Amy Works

CHINO, VALENCIA AND LIVERMORE, CALIF. — Westcore has acquired the Odyssey Portfolio, a 3.5 million-square-foot industrial portfolio across Chino, Valencia and Livermore. The price was not disclosed. The portfolio includes: The industrial buildings are all fully occupied with staggered lease expirations that will enable Westcore to drive value and make capital improvements to the properties. Current tenants include Pharavite, Tesla, Draxlmaier Automotive, Coca-Cola and Schlage. Steve Silk, Jay Borzi, Adam Pastor and Christina Buhl of Eastdil Secured represented the undisclosed seller, while Westcore was self-represented in the deal.

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Storage-King-USA-Colorado-Springs-CO
AcquisitionsColoradoIndustrialSelf-StorageWestern

Andover Properties Buys 215,748 SF Self-Storage Facility in Colorado Springs

by Amy Works

COLORADO SPRINGS, COLO. — Andover Properties has acquired a self-storage facility situated on 23 acres in Colorado Springs. Terms of the transaction were not released. Andover will rebrand the 215,748-square-foot facility under its Storage King USA brand. Previously, the asset operated as AAA Platte Self Storage. The property has 681 climate-controlled units in a variety of sizes. The Storage King USA portfolio now totals 158 facilities in 18 states across the country, with five assets in Colorado.

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AcquisitionsIndianaIndustrialMidwest

Prairie Hill Holdings Purchases 385,830 SF Industrial Portfolio in Indiana for $10.1M

by Kristin Harlow

TERRE HAUTE, IND. — Prairie Hill Holdings has purchased a three-building industrial portfolio totaling 385,830 square feet in Terre Haute for $10.1 million. The properties are leased to Distributors Terminal Corp., a third-party logistics company that has been in business for over 100 years. Prairie Hill is a private real estate investment manager that focuses exclusively on triple net lease properties.

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