Industrial

PRP, Flint Development Complete 1.9 MSF Distribution Center in Moore, South Carolina

by Katie Sloan February 22, 2024

MOORE, S.C. — A partnership between PRP and Flint Development has completed the development of a 1.9 million-square-foot distribution center in the Greenville-Spartanburg metropolitan area community of Moore. The property is fully leased to an affiliate of Hong Kong-based power tool manufacturer Techtronic Industries Co. and will distribute goods from the company’s Hart Consumer Products division. The development is one of the largest single-story logistics properties in the United States, according to PRP. The center features a cross-dock loading configuration with 40-foot clear heights, 338 dock doors and a 185-foot truck court, with 835 spaces of excess trailer parking across 178 acres of land. The development is located near the Greenville-Spartanburg International Airport and Inland Port Greer, which offers direct rail connection to the Port of Charleston. Techtronic Industries leases a second 1.4 million-square-foot logistics center roughly 11 miles away in Duncan, which PRP also developed. The property distributes products from the company’s Hoover brand. PRP is a Washington, D.C.-based real estate investment management company with a focus on corporate headquarters facilities, office properties, logistics facilities, high-street retail properties, multifamily and data centers. Prairie Village, Kan.-based Flint Development is a commercial real estate development firm specializing in industrial, multifamily and …

February 22, 2024

Development Industrial Southeast Tennessee

Foundry, Principal Global Investors Complete 371,000 SF Warehouse in Metro Nashville

by John Nelson February 21, 2024

SMYRNA, TENN. — A joint venture between Foundry Commercial and Principal Global Investors, doing business as Tridon Property Owner LLC, has completed the development of Creekside Logistics, a warehouse development located in Smyrna, roughly 25 miles outside Nashville. Ware Malcomb provided architecture and interior design services for the project, and Layton Construction served as the general contractor. Totaling 371,000 square feet, the property features three buildings comprising 147,500; 135,240; and 88,500 square feet. Situated on 43 acres, the development will accommodate tenant occupancies ranging from 17,860 to 147,260 square feet. The buildings feature tilt-wall construction with 32-foot clear heights.

February 21, 2024

Development Industrial Office Texas

Reports: SpaceX to Open $100M Office, Industrial Facility in Brownsville, Texas

by Taylor Williams February 21, 2024

BROWNSVILLE, TEXAS — SpaceX, the rocket and spacecraft production company owned by Elon Musk, will open a new office and industrial complex in the South Texas city of Brownsville, according to reports from multiple news outlets including Dallas Morning News and San Antonio Express-News. The former publication, citing a filing with the Texas Department of Licensing & Regulation, reports that the “Starbase Office” project carries a price tag of about $100 million and will be developed as an expansion of an existing industrial facility, with construction starting later this month. The latter reports that the facility will rise five stories and span approximately 330,000 square feet, with construction expected to last about a year.

February 21, 2024

Development Florida Industrial Southeast

Miller Construction Completes 199,643 SF Industrial Facility in Hollywood, Florida

by John Nelson February 21, 2024

HOLLYWOOD, FLA. — Miller Construction Co. has completed a 199,643-square-foot warehouse for Seagis Property Group at 1700 Eller Drive in Hollywood, a South Florida city near Port Everglades in Fort Lauderdale. The load bearing, tilt-wall structure gives tenant access to Florida’s Turnpike, I-95 and I-595. The property features 54- by 50-foot bays, a 60-foot speed bay and 36-foot clear heights, as well as two spec office spaces. In addition to Miller Construction, the project team included Ware Malcomb Architects, MEP engineer Puga & Associates Inc., structural engineer DDA Engineers and civil engineer Langan Engineering.

February 21, 2024

Development Industrial Self-Storage Texas

Bakke, Batson-Cook Break Ground on 987-Unit Self-Storage Facility in New Braunfels, Texas

by Taylor Williams February 21, 2024

NEW BRAUNFELS, TEXAS — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on an 987-unit self-storage facility in New Braunfels, a northeastern suburb of San Antonio. The site along I-35 spans 1.8 acres, and the building will rise four stories and house 104,875 net rentable square feet of climate-controlled space. Project partners include Alamo Architects, civil engineer INK Civil, general contractor Independent Contractors and construction lender Frost Bank. Completion is slated for the first quarter of 2025. The project marks the fifth self-storage collaboration between Bakke and BCDC, with construction on the most recent project, a 762-unit facility in McAllen, beginning earlier this month.

February 21, 2024

Acquisitions California Development Industrial Western

Newmark Brokers $80M Sale of Industrial Building, Development Site in San Jose

by Hayden Spiess February 21, 2024

SAN JOSE, CALIF. — Newmark has brokered the $80 million sale of a 19.7-acre development site located at 550 E. Brokaw in San Jose. The property includes a 293,906-square-foot building. Steven Golubchik, Edmund Najera, Jonathan Schaefler and Darren Hollak of Newmark represented the seller, Bay West Development, in the transaction. Supermicro Computers acquired the property, with plans to occupy the existing building and develop at the site. Phil Mahoney and Joe Kelly of Newmark assisted in the sale and manage leasing at the property, which Fry’s Electronics previously occupied.

February 21, 2024

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 7,418 SF Industrial Lease in Fort Worth

by Taylor Williams February 21, 2024

FORT WORTH, TEXAS — Holt Lunsford Commercial has negotiated a 7,418-square-foot industrial lease at West Fork Business Center in Fort Worth. George Jennings and Trey Goodspeed of Holt Lunsford represented the landlord, locally based developer Exline Capital, in the lease negotiations. William Wilson, also with Holt Lunsford, represented the tenant, CarRev LLC.

February 21, 2024

Acquisitions Industrial New York Northeast

Metropolitan Realty Associates Buys Cold Storage Facility in Bayport, New York for $12.6M

by Taylor Williams February 21, 2024

BAYPORT, N.Y. — Metropolitan Realty Associates (MRA) has purchased a 75,000-square-foot cold storage facility in the Long Island community of Bayport for $12.6 million. Commercial baker Europastry formerly occupied the facility at 33 Rajon Road, which was originally built in 1986, according to LoopNet Inc. Building features include a clear height of 40 feet, 35,000 square feet of freezer space, 11 loading docks and two drive-in doors. Nick Gallipoli of Cushman & Wakefield represented the undisclosed seller in the transaction. Doug Omstrom of JLL represented MRA, which has subsequently inked a 15-year, full-building lease with Bakery Processing Solutions.

February 21, 2024

Development Industrial Midwest Ohio

Contegra Delivers 1.3 MSF Distribution Center in Marysville, Ohio

by Kristin Harlow February 21, 2024

MARYSVILLE, OHIO — Contegra Construction Co. has completed a 1.3 million-square-foot distribution center for The Scotts Miracle-Gro Co. in Marysville, about 27 miles northwest of Columbus. Developed by Crawford Hoying, the facility is located about two miles from Scotts MiracleGro’s headquarters and primary manufacturing plant. The company has consolidated five central Ohio distribution operations into the new location, adding 40 jobs and enhancing its distribution capabilities ahead of the 2024 spring lawn and garden season. Located on an 84-acre site at 12575 Industrial Parkway, the building consists of 8,000 square feet of office space with the remaining space devoted to storage and distribution. The property features a clear height of 38 feet, 120 dock doors and four drive-in doors.

February 21, 2024

Development Industrial Kansas Midwest

Hunt Midwest to Build New Facility for Keystone Automotive Industries at Heartland Logistics Park in Kansas

by Kristin Harlow February 21, 2024

SHAWNEE, KAN. — Hunt Midwest will build a new 854,306-square-foot build-to-suit facility for Keystone Automotive Industries at Heartland Logistics Park in Shawnee. Keystone will lease 530,455 square feet within Heartland Logistics Park Building III. Keystone is an aftermarket auto parts supplier and a subsidiary of LKQ, a global supplier and manufacturer of aftermarket, recycled, refurbished and remanufactured automotive products. Construction on Building III is set to begin this month with completion slated for the first quarter of 2025. Leasing options are available for the remaining 323,851 square feet within the building. The property will feature a clear height of 36 feet, 190-foot-deep truck courts, 36 dock-high doors, four drive-in doors, 87 trailer parking spaces and 251 car parking spaces. The project team includes Brinkmann Constructors, Renaissance Infrastructure Consulting and H2B Architects. Mike Mitchelson and Austin Baier of CBRE represented LKQ in the lease. Ed Elder and John Stafford of Colliers handle leasing of Heartland Logistics Park.

February 21, 2024

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