SCHERTZ, TEXAS — Partners, the Houston-based the investment and brokerage firm formerly known as NAI Partners, has negotiated a 116,176-square-foot industrial lease at Doerr Lane Logistics Center, located in the northeastern San Antonio suburb of Schertz. John Colglazier, Kyle Kennan and Carlos Marquez of Partners represented the landlord, an entity doing business as Baltisse-Ackerman Schertz LLP, in the lease negotiations. Sergio Acosta of Cushman & Wakefield represented the tenant, Quality Custom Distribution.
IRVING, TEXAS — Dallas-based developer Box Investment Group is underway on construction of Skyway Logistics Center, an 84,406-square-foot industrial project located at 3260 Skyway Circle N. in Irving. The property will feature 32-foot clear heights and will be marketed to both partial- and full-building users. Completion is slated for the third quarter of 2023.
BATAVIA AND DARIEN, N.Y. — Marcus & Millichap has brokered the sale of a portfolio of two self-storage facilities totaling 371 units in the upstate New York communities of Batavia and Darien. West Batavia Rentals and Broadway Rentals are located roughly 12 miles from one another and span 51,670 square feet of combined net rentable space. Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the seller and procured the buyer, both of which were limited liability companies that requested anonymity, in the transaction. John Horowitz of Marcus & Millichap assisted in closing the deal as the broker of record.
TROY, MICH. — Dominion Real Estate Advisors has brokered the sale of an 8,870-square-foot industrial building located at 1237 E. 14 Mile Road in Troy for an undisclosed price. Barry Landau and Eric Banks of Dominion represented the long-time owner, Expert Collision. Matt Cole of L. Mason Capitani/CORFAC International represented the buyer, S.C. Warren Auto & Glass Inc., which will continue to use the building as an automotive paint and repair shop.
DENVER — Marcus & Millichap has arranged the sale of an industrial property located at 1531 West Bayaud Avenue in Denver. Terms of the transaction were not released. Thimy Moraitis of Marcus & Millichap’s TAG Industrial Group represented the seller, a private investor, in the deal. Situated on 0.46 acres, the 11,688-square-foot asset is divided into three individual suites, consisting of nine percent office space. At the sale of sale, the property was fully leased.
NORTH MYRTLE BEACH, S.C. — Edgewater Ventures plans to develop a 164,850-square-foot build-to-suit distribution facility in North Myrtle Beach for Pepsi Bottling Ventures LLC (PBV). Located in Palmetto Coast Industrial Park, the project will break ground in January of next year. Constructed on 25 acres, the PBV facility will feature tilt-up concrete construction, 30-foot minimum clear heights, an ESFR sprinkler system and expansion capability up to 217,000 square feet. PBV marks the first tenant at the park, which will comprise 720,000 square feet upon completion and includes a dedicated interchange at Highway 31.
ARCHDALE, N.C. — Crescent Communities’ AXIAL will develop a 120,000-square-foot built-to-suit manufacturing and distribution center in Archdale for Sumitomo Forestry America Inc., a subsidiary of Sumitomo Forestry Co. Ltd. AXIAL by Crescent and Sumitomo plan to invest $19.5 million in the project, which will break ground in January of next year. Upon completion, the center will produce materials such as roof and floor trusses and wall panels. Sumitomo acquired Crescent Communities in 2018.
DENVER — Houston-based Lovett Industrial closed on 14.9 acres of land for the development of Broadway Logistics Center, a Class A, front-park, rear-load building in Denver. Totaling 201,329 square feet, Broadway Logistics Center will feature 32-foot clear heights, six-inch reinforced concrete slab, 204 auto parking stalls, 57 dock-high doors, 130 truck courts and 50 trailer parking spots. Construction started in November 2022 with completion slated for October 2023. Drew McManus, Ryan Searle and Bryan Fry of Cushman & Wakefield will handle marketing and leasing efforts for the property. Texas Capital Bank provided construction financing. Brinkmann Constructors is serving as general contractor, Powers Brown Architecture is the lead architect and Kimley-Horn is serving as civil engineer.
JEFFERSONVILLE, IND. — Broe Real Estate Group has acquired land in southern Indiana’s Jeffersonville with plans to build a 300,000-square-foot speculative industrial building. The Class A facility will be situated within the 6,000-acre River Ridge Commerce Center. Plans call for a clear height of 36 feet, rear load access and ample trailer parking to support the needs of logistics, manufacturing, research and technology tenants. Broe’s transportation affiliate, OmniTRAX, is expanding the industrial park’s rail infrastructure. Construction is scheduled to begin in summer 2023. Robert Walker and Greg Charmoli of Commercial Kentucky will market the project for lease. The project team includes architect Ware Malcomb and engineer American Structurepoint.
SAN ANTONIO — Stream Realty Partners has negotiated a 73,873-square-foot industrial lease at CenterPoint Logistics Park in San Antonio. The tenant, an undisclosed retail vending company, will occupy approximately half of the space at Building 4, which is under construction and scheduled for a third-quarter 2023 completion. Kevin Cosgrove and Walter Simpson of Stream Realty Partners represented the landlord, Jackson-Shaw, in the lease negotiations.