Wednesday, May 29, 2024
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Industrial

Austin-Hills-Commerce-Center
DevelopmentIndustrialTexas

Sansone Group, Principal Break Ground on 134-Acre Industrial Project in Austin

by Taylor Williams

AUSTIN, TEXAS — A partnership between St. Louis-based developer Sansone Group and Principal Asset Management has broken ground on Austin Hills Commerce Center, a 134-acre industrial project. The site is located 10 miles south of downtown Austin near the Tesla Gigafactory, and plans for the development call for six buildings totaling roughly 1.3 million square feet. Burton Construction is the general contractor for the project, and Stream Realty Partners has been appointed as the leasing agent. Austin Hills Commerce Center will be developed in phases, and Phase I will consist of three buildings totaling 538,000 square feet that are slated for a second-quarter 2025 delivery.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

Partners Real Estate Brokers Sale of 13,500 SF Industrial Building in Dallas Design District

by Taylor Williams

DALLAS — Partners Real Estate has brokered the sale of a 13,500-square-foot industrial building in the Dallas Design District. According to LoopNet Inc., the building at 155-165 Cole St. was originally constructed in 1966. Hanes Chatham Jr. and Graham Dressel of Partners represented the buyer, P4 Holdings, in the transaction. The seller and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDelawareIndustrialNortheast

Marcus & Millichap Brokers $7.4M Sale of Industrial Portfolio in Seaford, Delaware

by Taylor Williams

SEAFORD, DEL. — Marcus & Millichap has brokered the $7.4 million sale of a portfolio of two industrial buildings totaling 124,784 square feet in Seaford. The portfolio spans 23 acres, including a 10-acre tract that is undeveloped. Bob Johnson and Paul Johnson of Marcus & Millichap represented the seller, a Maryland-based limited liability company, in the transaction. Timothy Stephenson Jr. of Marcus & Millichap assisted in closing the deal as the broker of record, as did John McClellan and Kelly Jeter of SVN-Miller Commercial Real Estate.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityNew JerseyNortheast

Resource Realty Negotiates 42,116 SF Industrial Lease Renewal in East Hanover, New Jersey

by Taylor Williams

EAST HANOVER, N.J. — Locally based brokerage firm Resource Realty has negotiated a 42,116-square-foot industrial lease renewal in East Hanover, about 30 miles west of New York City. The 198,000-square-foot building at 905 Murray Road was built on 9.1 acres in 1963. Tom Consiglio and Scott Peck of Resource Realty represented the landlord, Morgan Stanley, in the lease negotiations. Steve Sander of Cushman & Wakefield represented the tenant, Givaudan Fragrances Corp., a Swiss company that provides scents for the food, beverage and cosmetics industries. Givaudan has been a tenant at the property since 2009.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialMidwestMissouri

Contegra Construction Completes First Building at $129M Lakeside Logistics Center in St. Peters, Missouri

by Kristin Harlow

ST. PETERS, MO. — Contegra Construction has completed the first building at the $129 million Lakeside Logistics Center in St. Peters, a northwest suburb of St. Louis. NorthPoint Development is the developer. Located at 16000 Spencer Road, the 490,000-square-foot distribution center features a clear height of 36 feet, 51 dock doors, seven drive-in doors, office spaces and parking for 490 cars and 134 trailers. David Branding of JLL is handling the leasing. At full build-out, Lakeside Logistics Center will feature up to five buildings totaling 1.6 million square feet.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestSelf-StorageWisconsin

Marcus & Millichap Brokers Sale of 90,900 SF Self-Storage Facility in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — The LeClaire-Schlosser Group of Marcus & Millichap has brokered the sale of a 90,900-square-foot self-storage facility in Kenosha for an undisclosed price. Managed by CubeSmart, the two-story property features 900 climate-controlled units. The facility includes two covered loading bay areas, a large leasing office, 24/7 video monitoring and alarm system. Adam Schlosser, Charles LeClaire and Jack Sullivan of Marcus & Millichap represented the seller, Macritchie Group. Matthew Tice represented the buyer, Inland Real Estate Acquisitions LLC, on an internal basis.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansSelf-StorageTexas

JLL Arranges $108M Loan for Refinancing of DFW Self-Storage Portfolio

by Taylor Williams

DALLAS AND FORT WORTH, TEXAS — JLL has arranged a $108 million loan for the refinancing of a portfolio of 13 self-storage properties totaling 8,952 units in the Dallas-Fort Worth area. New York Life Real Estate Investors provided the five-year, fixed-rate loan, which was structured with interest-only payments and prepayment flexibility early in the term. John Bauman and Jordan Buck of JLL arranged the loan on behalf of the borrower, a joint venture between Houston-based Hines and Trez Capital.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaIndustrialSoutheast

Crestlight, GEM Realty Capital Acquire 1.2 MSF Warehouse Near Savannah

by John Nelson

BLOOMINGDALE, GA. — A partnership between Crestlight Capital and GEM Realty Capital has acquired Savannah Portside II, a newly constructed, 1.2 million-square-foot industrial distribution warehouse located in Bloomingdale, roughly 14 miles northeast of Savannah. In September 2023, the partnership purchased the adjacent Savannah Portside I building. Together, the properties, which are located at 201 and 301 Savannah Portside International Parkway, total 2.3 million square feet. Two undisclosed tenants fully occupy the buildings. CBRE will manage and lease both properties on behalf of Crestlight and GEM.

Continue Reading
FacebookTwitterLinkedinEmail
Urban-District-35-Denton
AcquisitionsIndustrialTexas

Urban Logistics Realty Sells 440,663 SF Industrial Property in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Dallas-based Urban Logistics Realty has sold Urban District 35, a four-building, 440,663-square-foot industrial property located in the North Texas city of Denton. The buyer was High Street Logistics Properties. The 31-acre site fronts I-35, and building features include 28- to 32-foot clear heights, 60-foot speed bays and ample car and trailer parking. Construction began in early 2022. Urban District 35 was 67 percent leased at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 224-Unit Self-Storage Facility in Cleburne, Texas

by Taylor Williams

CLEBURNE, TEXAS — Marcus & Millichap has brokered the sale of U-Lock-It Mini Storage, an 224-unit self-storage facility in Cleburne, a southern suburb of Fort Worth. The facility totals 27,120 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller and procured the buyer, both of which were locally based entities that requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts