TETERBORO, N.J. — Seagis Property Group is nearing completion of a 166,725-square-foot warehouse in the Northern New Jersey community of Teterboro. Known as Teterboro Distribution Center, the building offers proximity to Port Newark-Elizabeth and Liberty International Airport. Building features include a clear height of 40 feet, 5,000 square feet of office space, 40 loading docks, 185-foot truck court depths and parking for 46 trailers and 114 cars. CBRE is marketing the property, which is slated for a summer delivery, for lease.
Industrial
PALMDALE, CALIF. — NAI Capital Commercial has negotiated the sale of an industrial property located at 38960 Trade Center Drive in Palmdale. A private trust acquired the asset from 38960 Trade Center Drive LLC for $4.4 million. Bimbo Bakeries USA fully occupies the 22,448-square-foot facility, which was built in 2004. The tenant produces some of America’s most widely recognized baked goods, including Sara Lee, Thomas’ English Muffins, Oroweat, Entenmann’s, Boboli, Ball Park and Nature’s Harvest. Chris Jackson and Todd Lorder of NAI Capital Commercial represented the seller, while Lucy Hartford of NAI Capital Commercial represented the buyer in the transaction.
BAILEY, COLO. — Kaufman Hagan Commercial Real Estate has arranged the sale of a self-storage facility, located at 63716 US Highway 285 in Bailey. The asset traded for $1.3 million, or $80.02 per square foot. Situated on 2 acres, the property offers 123 self-storage units. Ryan Floyd of Kaufman Hagan handled the transaction. The names of the seller and buyer were not released.
HOUSTON — Dallas-based Lincoln Property Co. has completed Maverick Distribution Center, a 435,680-square-foot industrial project in North Houston. Designed by Powers Brown Architecture and built by general contractor E.E. Reed, the facility sits on a 26-acre site that is adjacent to George Bush Intercontinental Airport. Building features include 40-foot clear heights, 70-foot speed bays, abundant car and trailer parking and suitability for either a single or multiple users. Lincoln’s internal team of Kevin Wyatt, Robert Willard and SuAnna Sanchez is marketing Maverick Distribution Center for lease.
SAVANNAH, GA. — JLL has arranged the sale of 50 Innovation Drive, a 491,329-square-foot industrial facility in Savannah. LBA Logistics purchased the property, which sold vacant, for an undisclosed price. Britton Burdette, Dennis Mitchell, Jim Freeman, Bob Currie and Tim McCarthy of JLL represented the undisclosed seller in the transaction. Situated approximately six miles from the Port of Savannah’s Garden City Terminal, the industrial facility features 32-foot clear heights, 200-foot truck courts, 106 dock-high doors and 149 trailer parking spaces.
GARLAND, TEXAS — North Texas-based investment firm M2G Ventures has purchased a 215,000-square-foot industrial property in Garland, a northeastern suburb of Dallas. The four-building complex at 10202 Miller Road is known as Northgate and was originally built in 1975. Northgate features 24-foot clear heights and was 98 percent leased to 10 tenants at the time of sale. Stephen Bailey, Dustin Volz, Dom Espinosa, Zach Riebe and Travis McEldowney of Newmark represented M2G Ventures in the transaction. The seller and sales price were not disclosed.
HOUSTON — Alliance Industrial Co. will develop a 185,428-square-foot project in northwest Houston. Known as Brookhollow West, the development will consist of two rear-load buildings totaling 134,525 and 50,903 square feet. The buildings will be situated on a 12.7-acre site and will feature 32-foot clear heights and 130-foot truck court depths. Seeberger Architecture is designing Brookhollow West. Other project partners include Langan Engineering and a joint leasing team of Lee & Associates and Boyd Commercial. Delivery is slated for early next year.
WAUWATOSA, WIS. — Steve Rolfe of Midland Commercial Development Corp., William Wirth of Luft Consulting Inc. and Jordan Nelson of Nelson Development have purchased a development site at 5151 W. State St. with plans to build Wauwatosa Self Storage. The temperature-controlled self-storage facility will total 63,500 net rentable square feet divided across 444 units in over two dozen configurations. There will be 23 units in the main drive-thru aisle specifically laid out to accommodate automobile storage. The property will be attended by an onsite manager and will incorporate high-resolution cameras throughout. Brett Deter and Scott Revolinski of Founders 3 Real Estate Services represented the buyers. The project is slated for completion late this summer.
FORT WORTH, TEXAS — Fonroche Lighting, a French provider of solar-powered streetlights, has opened a 20,088-square-foot headquarters facility in Fort Worth. Fort Worth-based Empire Holdings designed and built the facility, which is located within Campus Industrial Park on the city’s southeast side. The space features customized elements for engineering, sales and production departments, as well as floor-to-ceiling glass windows, exposed ceilings, private and communal office spaces, purpose-built cargo docks, oversized automatic overhead doors and storage and freight handling areas.
SAN MARCOS, CALIF. — North City Enterprise LLC has purchased a freestanding industrial building in San Marcos for $2.1 million. The buyer plans to relocate its business to the 5,474-square-foot facility, which is located at 110 Venture St. Chris Baumgart of JLL represented the buyer, while Chris Nelson of Mathews REIS represented the undisclosed seller in the deal.