Industrial

Bandera Ventures, Invesco Underway on 1.5 MSF Spec Industrial Project in Wilmer, Texas

by Taylor Williams May 31, 2023

WILMER, TEXAS — A partnership between Dallas-based Bandera Ventures and Atlanta-based Invesco Real Estate is underway on construction of two buildings totaling 1.5 million square feet at Southport Logistics Center, a speculative industrial development in the southern Dallas suburb of Wilmer. Building 1 will total 746,420 square feet, and Building 2 will span 744,452 square feet. Both structures will feature 40-foot clear heights, 60-foot loading bays, 185-foot truck court depths and cross-dock configurations. Completion is slated for the third quarter. JLL is marketing the development for lease.

May 31, 2023

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 400-Unit Self-Storage Facility in Houston

by Taylor Williams May 31, 2023

HOUSTON — Marcus & Millichap has brokered the sale of Space City Self Storage, a 400-unit facility located about 10 miles south of downtown Houston. The facility consists of nine buildings that house 225 non-climate-controlled units and 175 climate-controlled units for a total of 57,545 net rentable square feet. Dave Knobler and Charles LeClaire of Marcus & Millichap represented the seller, a Houston-based limited liability company, in the deal. The duo also procured the buyer, an Arizona-based REIT. Both parties requested anonymity.

May 31, 2023

Development Industrial Texas

Ironwood Realty Underway on 214,801 SF Industrial Project in Grand Prairie, Texas

by Taylor Williams May 31, 2023

GRAND PRAIRIE, TEXAS — Texas-based developer Ironwood Realty Partners is underway on construction of 360 Crossing @ Red Hawk, a 214,801-square-foot industrial project in the central metroplex city of Grand Prairie. The rear-load, freestanding building will be situated on 12.5 acres and feature 36-foot clear heights, 10 dock-high loading doors, parking for 178 cars and 49 trailers and an ESFR sprinkler system. Delivery is slated for the fourth quarter.

May 31, 2023

Industrial Leasing Activity Texas

Executive Refreshments Signs 19,000 SF Industrial Lease in Metro Dallas

by Taylor Williams May 31, 2023

FARMERS BRANCH, TEXAS — Executive Refreshments, which provides pantry and vending machine stocking and services, has signed a 19,000-square-foot industrial lease at 13703-13707 Gamma Road in the northern Dallas metro of Farmers Branch. Jeff McVaney of Partners Real Estate represented the tenant in the lease negotiations. Chad Albert and D.J. Draper of Stoic Real Estate Partners represented the undisclosed landlord.

May 31, 2023

Marcal-Paper-Factory-Elmwood-Park-New-Jersey

Development Industrial New Jersey Northeast

Crow Holdings Begins Vertical Construction on 206,826 SF Industrial Project in Northern New Jersey

by Taylor Williams May 31, 2023

ELMWOOD PARK, N.J. — Texas-based Crow Holdings has begun vertical construction on a 206,826-square-foot industrial project in Elmwood Park, located in Northern New Jersey’s Bergen County, that is a redevelopment of the former Marcal Paper factory site. Crow Holdings acquired the 11.8-acre site in 2022, three years after a fire destroyed the majority of the historic structure. The new building will house a clear height of 40 feet, 32 loading docks, two drive-in doors and parking for 56 trailers and 198 cars. Construction is slated for a third-quarter completion. JLL is marketing the facility for lease.

May 31, 2023

Connecticut Development Industrial Northeast

Condyne Capital to Develop 185,600 SF Industrial Facility in Windsor, Connecticut

by Taylor Williams May 31, 2023

WINDSOR, CONN. — Metro Boston-based developer Condyne Capital will build a 185,600-square-foot industrial facility in Windsor, a northern suburb of Hartford. The project, which will be situated on a 20.6-acre site, represents an expansion of Condyne’s Baker Hollow Logistics Center. Polar Design Build will handle construction of the building, which will feature a clear height of 32 feet, 36 dock doors, one drive-in door and 45 trailer parking spaces (expandable to 58). Construction is scheduled to begin late this year and be complete in the second quarter of 2024.

May 31, 2023

Industrial Leasing Activity Lee & Associates New Jersey Northeast

Easton Coach Signs 160,000 SF Industrial Lease in Union, New Jersey

by Taylor Williams May 31, 2023

UNION, N.J. — Easton Coach Co., a provider of ground transportation services, has signed a 160,000-square-foot industrial lease at in the Northern New Jersey community of Union. The property sits on 7.5 acres at 601 Lehigh Ave. and was constructed in 1966. Joseph Komitor and Scott Deutchman of Lee & Associates represented the tenant in the negotiations for the full-building lease. Jordan Metz and Eric Koons of Bussel Realty represented the landlord.

May 31, 2023

Acquisitions Illinois Industrial Midwest

Colliers Arranges Sale-Leaseback of 49,793 SF Industrial Service Facility in Elk Grove Village, Illinois

by Kristin Harlow May 31, 2023

ELK GROVE VILLAGE, ILL. — Colliers has arranged the sale-leaseback of a 49,793-square-foot industrial service facility in the Chicago suburb of Elk Grove Village. The sales price was undisclosed. Located at 700 Chase Ave., the property is home to RT Group Logistics. The trucking company signed a lease to remain at the property, which includes a truck maintenance facility with parking for 40 trailers. Patrick Turner, Tom Rodeno and Joe Connor of Colliers represented RT Group in the sale. The undisclosed buyer plans to make improvements to the property when the tenant’s lease expires in three years.

May 31, 2023

Acquisitions Industrial Midwest Ohio

Tempus Realty Partners Sells Ohio Industrial Building for $7.6M

by Kristin Harlow May 30, 2023

HILLIARD, OHIO — Tempus Realty Partners has sold a 114,485-square-foot industrial building in Hilliard, a northwest suburb of Columbus. An entity doing business as DP 149 LLC purchased the asset for $7.6 million. The property is fully leased to metal fabricator S&G Manufacturing and features seven dock doors, three overhead doors and clear heights ranging from 20 to 24 feet. Tempus, an Arkansas-based real estate investment partnership, acquired the building in December 2020 for $5.7 million.

May 30, 2023

Acquisitions Industrial Michigan Midwest

Friedman Brokers Sale of 123,596 SF Industrial Facility in Leslie, Michigan

by Kristin Harlow May 30, 2023

LESLIE, MICH. — Friedman Real Estate has brokered the sale of a 123,596-square-foot industrial facility in Leslie, about 24 miles south of Lansing. The sales price was undisclosed. The property sits on nearly 15 acres at 815 Rice St. Friedman’s Ryan Stipp represented the seller. Additional terms of the transaction were not provided.

May 30, 2023

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