DENVER — John Propp Commercial Group has arranged the sale of an industrial property in Denver. River Rise Capital acquired the building from LG Investments for $5 million. Located at 4391 York St., the asset includes a 30,078-square-foot building situated on 1.7 acres. John Propp and Michael Honc of John Propp Commercial Group represented the seller in the deal. The new owner plans to hold the property as an investment after re-signing the tenant, United States Building Supply Co., to a new long-term lease.
EDEN PRAIRIE, MINN. — HM Cragg, a provider of backup power solutions, has signed a 92,224-square-foot industrial lease at Nexus at Opus Park in the Minneapolis suburb of Eden Prairie. Endeavor Development is the owner and developer for the two-building, 174,230-square-foot project. HM Cragg is relocating from 7490 Bush Lake Road in Edina and will open its new facility in early 2026. James DePietro and Matt Oelschlager of CBRE represented Endeavor, while Jay O’Brien of Great Places Co. represented the tenant. Nexus at Opus Park is a redevelopment of the former American Family Insurance office campus. Demolition of the 14.4-acre site is scheduled to begin in March, with both buildings slated for delivery in the fourth quarter. Opus Park is a larger mixed-use development.
HAUPPAUGE, N.Y. — Premier Care Industries has signed a 56,500-square-foot industrial lease in the Long Island community of Hauppauge. The provider of wet wipes will use the space at 100 Marcus Blvd., which according to LoopNet Inc. was constructed in 1971 and totals 151,847 square feet, as its new logistics warehouse. JLL represented Premier Care Industries and the landlord, BEB Capital, in the lease negotiations.
HIGH POINT, N.C. — PNK Group has delivered a $120 million distribution center in High Point, a city in North Carolina’s Piedmont Triad region. The nearly 1.1 million-square-foot project is a build-to-suit development for Ecolab Corp., a publicly traded water, hygiene and infection preventions solutions provider based in St. Paul, Minn. PNK Group bought the land, designed the building and supervised the entire construction process. The High Point project is the second build-to-suit between PNK Group and Ecolab, with the first located in Atlanta.
HOUSTON — California-based investment firm BKM Capital Partners has acquired West Belt Business Park, a 260,887-square-foot industrial property in southwest Houston. West Belt Business Park consists of five buildings that house 30 tenant spaces ranging in size from 770 to 23,000 square feet. Charlie Strauss, Lance Young and Clay Anderson of JLL represented the undisclosed seller in the transaction. BKM, which plans to implement a value-add program, was self-represented. The property was fully leased at the time of sale to a tenant roster with a weighted average remaining lease term of just under three years.
WALLKILL, N.Y. — Crow Holdings Development is underway on construction of an 834,800-square-foot industrial project in Wallkill, about 70 miles north of New York City. Golden Triangle Logistics Center will be a 92-acre development with two buildings that will total 535,600 and 299,200 square feet. The first building, which is slated for a summer delivery, will feature a clear height of 36 feet, 88 dock doors and parking for 83 trailers and 422 cars. JLL originally brokered the land sale behind Golden Triangle Logistics Center and has also been retained as the leasing agent.
PASSAIC, N.J. — Valley Bank has provided an $18.6 million loan for the refinancing of a 124,000-square-foot industrial building in the Northern New Jersey community of Passaic. The building at 101 Seventh St. is currently operated as a recycling facility and offers proximity to several major nearby thoroughfares. Jason Gaccione, Shawn Rosenthal and Jake Salkovitz of CBRE arranged the loan on behalf of the owner, an entity doing business as 101 Seventh Street Urban Renewal LLC.
RENO, NEV. — Nuveen Real Estate has purchased an infill industrial portfolio totaling 497,875 square feet in Reno for an undisclosed price. Situated next to the Reno-Tahoe International Airport, the five-building portfolio is currently fully leased. Spanning 27 acres, the portfolio is located at 4681 and 4689 Aircenter Circle and 4745, 4855 and 4980 Longley Lane. The buildings range from 19,000 square feet to 153,000 square feet and offer 24-foot to 25-foot clear heights, 68 dock-high doors, 11 grade-level doors and ample power. Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan of Cushman & Wakefield’s National IAG — West team, in collaboration with Will Strong, Michael Matchett, Jack Stamets, Molly Hunt and Madeline Warren of the firm’s National IAG — Mountain West team, represented the undisclosed seller.
SAN YSIDRO, CALIF. — Border Business Center LLC has completed the sale of a four-building industrial park at 464, 494 and 524 W. Calle Primera and 2325 Via Tercero in San Ysidro. Partners Capital Inc. acquired the asset for $15 million. Known as Border Commerce Center, the 69,530-square-foot park offers 51 suites, averaging 1,200 square feet in size. At the time of sale, the property was fully leased. Matt Harris and Matt Pourcho of CBRE represented the seller in the transaction.
SALEM, ORE. — Colorado-based Spartan Investment Group has expanded its footprint in the Pacific Northwest with the acquisition of two self-storage facilities in Salem. Terms of the transactions were not released. Spartan now owns nine self-storage facilities in the Pacific Northwest. Totaling 164,752 net rentable square feet and 1,150 units, the portfolio includes a 633-unit facility with 93,252 net rentable square feet at 350 Glen Creek Road NW and a 615-unit property with 71,500 net rentable square feet at 3715 Blossom Drive NE. Spartan plans to invest in upgrades and expand amenities at both locations.