Industrial

Third-Party Logistics Company Leases 641,906 SF Industrial Property in Buckeye, Arizona

by Amy Works March 18, 2025

BUCKEYE, ARIZ. — Kenco, a third-party logistics company, has signed a lease to fully occupy Gateway I-10, an industrial building located at 440 N. 215th Ave. in Buckeye. The landlord, EQT Real Estate, acquired the fully vacant 641,906-square-foot asset in spring 2024 and rebranded the property to its current moniker. Situated on 40 acres, the freestanding building is Phase I of a larger 145-acre project, titled Buckeye I-10 Logistics that BET Investments owns and continues to develop. Mike Haenel, Andy Markham, Phil Haenel and Justin Smith of Cushman & Wakefield represented the landlord in the deal with Kenco. Last year, Cushman & Wakefield’s Will Strong, Michael Matchett and Molly Hunt of the firm’s National Industrial Advisory Group – Mountain West arranged the $60.1 million sale to EQT Real Estate from the property’s original developer, BET Investments.

March 18, 2025

California Industrial Loans Western

IPA Capital Markets Arranges $26.5M in Financing for Culver City Industrial Property in California

by Amy Works March 18, 2025

CULVER CITY, CALIF. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $26.5 million in financing for an industrial building at 8631 Hayden Place in Culver City. The property offers 76,755 square feet of Class A industrial space. New York City-based IPA Capital Markets team of Max Hulsh, Max Herzog, Marko Kazanjian and Andrew Cohen secured the financing with First Citizens Bank on behalf of a Los Angeles-based real estate investment, operating and development company with more than $10 billion in assets under management.

March 18, 2025

Acquisitions Industrial Midwest Missouri

Arch Street, Artemis Acquire 2.4 MSF Industrial Portfolio in Metro Kansas City

by Kristin Harlow March 18, 2025

KANSAS CITY, MO. — Arch Street Capital Advisors and Artemis Real Estate Partners have acquired a 2.4 million-square-foot industrial portfolio in metro Kansas City for an undisclosed price. The portfolio consists of four Class A properties that are all fully leased and situated near the BNSF intermodal facility. Further details regarding the transaction were not provided.

March 18, 2025

Acquisitions Industrial Retail Texas

M2G Ventures Buys 740,000 SF Industrial, Retail Property in Northwest Dallas

by Taylor Williams March 17, 2025

DALLAS — Locally based investment firm M2G Ventures has purchased Inwood Design District, a 14-building, 740,000-square-foot industrial and retail property in Dallas that also includes showroom space as part of the retail component. The 38-acre site at 1110 Inwood Road is located northwest of the downtown area in between the Dallas Design District and the West Brookhollow neighborhood. At the time of sale, Inwood Design District was 93 percent leased to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA. M2G Ventures has tapped SHOP Cos. to lease the retail space and Holt Lunsford Commercial to lease the industrial space.

March 17, 2025

Industrial Leasing Activity Texas

Intertec Instrumentation Signs 20,200 SF Industrial Lease in Northwest Houston

by Taylor Williams March 17, 2025

HOUSTON — Intertec Instrumentation has signed a 20,200-square-foot industrial lease in northwest Houston. The provider of protective enclosures for field-based equipment will occupy the entirety of the building at 11050 W. Little York Road, which according to LoopNet Inc. was constructed in 2007 and includes 2,700 square feet of office space. Christian Villarreal and Jack Gaffney of Finial Group represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

March 17, 2025

Acquisitions Industrial Massachusetts Northeast Self-Storage

Marcus & Millichap Brokers Sale of 181-Unit Self-Storage Facility in Middleborough, Massachusetts

by Taylor Williams March 17, 2025

MIDDLEBOROUGH, MASS. — Marcus & Millichap has brokered the sale of Everett Street Storage, a 181-unit self-storage facility in Middleborough, located south of Boston in Plymouth County. Built on 2.5 acres in 2017, the property includes 21 climate-controlled units, 140 non-climate-controlled units, two offices and 18 parking spaces across 18,710 net rentable square feet of space. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

March 17, 2025

Acquisitions Arkansas Self-Storage Southeast

Spartan Purchases Three Northwest Arkansas Self-Storage Facilities Totaling 1,890 Units

by John Nelson March 17, 2025

SPRINGDALE, ARK. — Spartan Investment Group has acquired three self-storage facilities totaling 1,890 units in Northwest Arkansas for an undisclosed price. The purchases include a 39,450-square-foot facility in Bentonville, a 158,630-square-foot facility in Rogers and a 125,70-square-foot facility in Springdale. Spartan plans to invest more than $1 million in renovations to the portfolio, including improvements to security, signage and operational systems.

March 17, 2025

Development Industrial Loans New York Northeast

Ridgecut Road Breaks Ground on 146,075 SF Spec Industrial Project in Montgomery, New York

by Taylor Williams March 17, 2025

MONTGOMERY, N.Y. — New York-based developer Ridgecut Road has broken ground on a 146,075-square-foot industrial speculative project in Montgomery, located about 70 miles northwest of Manhattan. The site spans 13.6 acres, and the facility will be branded I-84 Orange County Logistics Center. Building features will include a clear height of 36 feet, 31 dock doors and parking for 16 trailers and 83 cars. Pratt Design Studio and Premier Design + Build Group are serving as the architect and general contractor, respectively, and JLL is the leasing agent. John Alascio, T.J. Sullivan, Chuck Kohaut and Mitch Rothstein of Cushman & Wakefield arranged $20 million in construction financing for the project through Catal Capital. Completion is slated for the fourth quarter.

March 17, 2025

Acquisitions Industrial Office South Carolina Southeast

CBRE Arranges $13.8M Sale of Flex Property in Columbia, South Carolina

by John Nelson March 17, 2025

COLUMBIA, S.C. — CBRE has arranged the $13.8 million sale of 20/21 Business Center, a 98,386-square-foot flex property located in Columbia. Red Bank, N.J.-based Denholtz was the buyer. Matt Smith, Patrick Gildea, Robert Hardaway, Aaron Dupree and Marie Diekmann of CBRE represented the seller, CB Equities, in the transaction. Situated on 17.6 acres, the property — which was 98 percent leased at the time of sale — comprises three buildings and three vacant land parcels. Additional features of the center include interstate visibility and expansion opportunities, as well as 17 dock doors and 10 drive-in doors. CBRE originally arranged CB Equities’ acquisition of the property in May 2022 for $10.5 million.

March 17, 2025

Industrial Leasing Activity North Carolina Southeast

Eaton Corp. Signs 550,000 SF Industrial Lease in Youngsville, North Carolina

by John Nelson March 14, 2025

YOUNGSVILLE, N.C. — Eaton Corp., a publicly traded electric utility company based in Ireland, has signed a 550,000-square-foot industrial lease at US-1 North Commerce Center in Youngsville, approximately 23 miles outside Raleigh. Upon completion of the three-phase development, US-1 North Commerce Center will span five buildings across 1.4 million square feet. Summit Real Estate Group is the developer for the project. Foundry Commercial represented Summit Real Estate in the lease negotiations. Delivered in June 2024, the first phase — which was 90 percent preleased to three tenants — includes two buildings that total 394,000 square feet. Phase II — which comprises two additional buildings at 470,000 square feet — is slated for completion in the summer. Eaton Corp. will occupy the entirety of Phase III in an $18.3 million build-to-suit arrangement by the second-quarter 2026.

March 14, 2025

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