Industrial

Alliance-Westport-15-Fort-Worth

FORT WORTH, TEXAS — Hillwood will develop two speculative industrial buildings totaling 1.1 million square feet at AllianceTexas, the firm’s 27,000-acre master-planned community in North Fort Worth. Alliance Westport 15 will be a 798,494-square-foot, cross-dock structure with 40-foot clear heights, 190-foot truck court depths, parking for 360 cars and 199 trailers and land for future expansion. Alliance Gateway 34 will be a 310,036-square-foot building with 36-foot clear heights, 190-foot truck court depths and parking for 286 cars and 73 trailers. GSR Andrade designed both buildings. Frost Bank is financing construction, which is scheduled to begin this month and to be complete before the end of next year.

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McKay-at-Will-Clayton-Logistics-Center-Humble

HUMBLE, TEXAS — Locally based developer Triten Real Estate Partners has completed a 171,000-square-foot distribution center in Humble, a northern suburb of Houston. Known as McKay at Will Clayton Logistics Center and built on a speculative basis, the property features multiple drive-up ramps with oversized doors, fenced truck courts, 41 dock-high doors and 4,360 square feet of office space. Project partners included Method Architecture, Angler Construction and Grey Wolf Engineers. CBRE is the leasing agent. Construction began last October.

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SMYRNA, TENN. — A joint venture between New York City-based LRC Properties and private equity firm Alpaca Real Estate has acquired a nearly 246,000-square-foot industrial facility located at 802 Swan Drive in Smyrna, about 16 miles southeast of Nashville International Airport. The seller and sales price were not disclosed. The facility features three demised spaces, 58,377 square feet of which will be delivered vacant and ready for immediate occupancy. LRC Properties will undertake capital improvements at the remaining two spaces, which span 86,586 square feet and 91,669 square feet. The renovations will include demolishing 15,000 square feet of obsolete offices and a connector building to open up and repave the truck court, add new loading docks, install an ESFR sprinkler system and build-out new speculative offices.

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STERLING, MASS. — Marcus & Millichap has brokered the $4.2 million sale of a 37,000-square-foot industrial flex building in Sterling, about 50 miles west of Boston. The building sits on a 6.6-acre site at 86 Leominster Road and features four loading docks, a drive-in door and 150 parking spaces. Harrison Klein of Marcus & Millichap represented the seller, which will retain occupancy of a portion of the building, in the transaction. Alan Ringuette of The Stubblebine Co. represented the buyer, which will occupy the remainder. Both parties requested anonymity.

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INDIANAPOLIS — Realterm has acquired a 79-door truck terminal located at 2612 W. Morris St. in Indianapolis for an undisclosed price. The 10-acre property features a 37,965-square-foot truck terminal with 7,635 square feet of office space and a 7,626-square-foot maintenance shop. The truck terminal includes 124 trailer parking stalls and two points of ingress and egress. It recently underwent significant renovations, including a roof replacement, repaved parking lot, interior improvements to the terminal and maintenance facility, and enhanced security measures. The property offers immediate access to I-70 and the Indianapolis International Airport.

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HOUSTON — JLL has arranged $29.5 million in acquisition financing for a portfolio of eight light industrial buildings totaling 275,602 square feet in Houston. Known as the Houston Prime Shallow Bay Portfolio, the buildings feature clear heights up to 25 feet, 76- to 126-foot truck court depths and “abundant” dock and drive-in doors. Melissa Rose, Jack Britton, Josh Barker, Jovi Rodriguez and James Lovell of JLL arranged the loan through an undisclosed bank as part of a larger, $107.8 million financing package that includes industrial portfolios in Charlotte and Denver. The borrower was Miami-based Adler Real Estate Partners.

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GAINESVILLE, GA. — Logistics Property Co. has broken ground on Phase II of Gainesville 85 Business Center, a 1 million-square-foot, four-building industrial park in Gainesville. Phase II will comprise two buildings, 1800 and 1850 Fulenwider, that span 326,040 square feet. The project is situated along I-985 in Atlanta’s Northeast 85 industrial submarket and offers access to U.S. Route 129, I-85 and the upcoming Northeast Georgia Inland Port that will connect to the Port of Savannah via rail. Building 1800 will total 126,360 square feet with 32-foot clear heights and Building 1850 will span 199,680 square feet with 36-foot clear heights. The design-build team includes general contractor FCL Builders, architect POH+W Architects and civil and structural engineer Haines Gipson & Associates. Todd Barton, Joanna Blaesing, Mark Hawks and Matt Higgins of CBRE are marketing Gainesville 85 Business Center on behalf of the developer. The park is Logistics Property’s third development in the metro Atlanta area, joining Covington Commerce Center and Oakwood 985 Business Park. The developer plans to deliver Phase II of Gainesville 85 in second-quarter 2026.

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GREENVILLE, S.C. — Denholtz has acquired a 103,897-square-foot flex industrial park located at 1 Marcus Drive in Greenville. The four-building, multi-tenant property features 16.7-foot clear heights, a sprinkler system, 21 dock doors, seven drive-in doors and more than 350 onsite surface parking spaces. Rhett Craig, Blaine Hart, Matt Smith, Charles Gouch, Shelby Dodson, Patrick Gildea and Robert Hardaway of CBRE represented Denholtz in the transaction with RealOp Investments. The sales price was not disclosed. 1 Marcus Drive is the second acquisition in South Carolina for Denholtz.

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HOUSTON — California-based investment firm BKM Capital Partners has purchased a portfolio of two adjacent industrial properties totaling 242,555 square feet across eight buildings in southwest Houston. Southwest Business Park totals 131,000 square feet across three buildings, and Stonecrest Business Center totals 111,555 square feet across five buildings. Combined, the properties offer 39 suites with a current occupancy rate of about 70 percent. BKM Capital, which plans to implement capital improvements, purchased the portfolio for $29.5 million from Fort Worth-based investment firm Fort Capital.

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FARMINGTON, CONN. — Colliers has negotiated the sale of a 30,829-square-foot industrial building in Farmington, located just west of Hartford. The sales price was $1.9 million. According to LoopNet Inc., the building at 145 Hyde Road was constructed on 6.5 acres in 1966 and features a clear height of 16 feet and two dock-high loading doors. Christian Dietz of Colliers brokered the deal. The buyer and seller were not disclosed.

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