Industrial

FRED310-BldgD-Frederickson-WA

FREDERICKSON, WASH. — Cushman & Wakefield has negotiated the sale of Building D within FRED310, an industrial park in Frederickson. Terms of the transaction were not released. Built in 2024, the multi-tenant building offers 753,069 square feet of Class A industrial space. Situated on 40.9 acres at 6921 192nd St. East, Building D is fully leased to two tenants. The first phase of FRED310 consists of four buildings (C, D, E and G) totaling 3.3 million square feet. The buildings offer ample dock-high and grade-level loading, 36- to 40-foot clear heights, ample auto/trailer parking and large modern truck courts. At full build-out, the industrial park is expected to expand to as much as 4 million square feet spread across six buildings. Jeff Chiate, Bryce Aberg, Jeffery Cole, Charlie Jacobs and Matthew Leupold of Cushman & Wakefield’s National Industrial Advisory Group — West represented the undisclosed seller in the deal. Scott Alan and Patrick Mullin of Cushman & Wakefield provided market advisory and lead marketing efforts for the project.

FacebookTwitterLinkedinEmail
Storage-Solutions-USA-and-Bay-Wash-Car-Wash

MIDDLETOWN, N.Y. — Marcus & Millichap has brokered the sale of Storage Solutions USA and Bay Wash Car Wash in Middletown, about 75 miles north of New York City. The site spans 4.2 acres, and the property consists of 30,475 net rentable square feet of storage space across 288 units and a self-service car wash with five self-service bays and one in-bay automatic wash. Andreas Makris, Kevin Bledsoe, Alan Cafiero and Matt Junkin of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, Manas Equities. 

FacebookTwitterLinkedinEmail

NORWELL, MASS. — Regional investment firm Marcus Partners has purchased an approximately 100,000-square-foot industrial property in Norwell, about 25 miles southeast of Boston. Built in 1983, the property at 77 Accord Park Drive consists of four light industrial buildings that were 78 percent leased to 13 tenants at the time of sale. Marcus Partners purchased the property in partnership with Boston-based Rhino Capital, with Middlesex Savings Bank financing the acquisition. The seller was the original developer.

FacebookTwitterLinkedinEmail

FARMINGTON HILLS, MICH. — Friedman Real Estate has arranged the sale of a 28,640-square-foot industrial property in the Detroit suburb of Farmington Hills for $2.6 million. The facility is located at 24450 Indoplex Circle. Phil Konopitski of Friedman represented the undisclosed buyer.

FacebookTwitterLinkedinEmail
Greater-Valwood-Industrial-Portfolio-Dallas

DALLAS — Cushman & Wakefield has brokered the sale of the Greater Valwood Industrial Portfolio, a collection of seven buildings totaling 775,013 square feet in metro Dallas. The buildings are located in the Valwood/North Stemmons and Addison submarkets and were fully leased at the time of sale. Jim Carpenter, Jud Clements, Robby Rieke, Emily Brandt and Trevor Berry of Cushman & Wakefield represented the undisclosed seller in the transaction. John Alascio, T.J. Sullivan and Jason Blankfein, also with Cushman & Wakefield, arranged an undisclosed amount of acquisition financing through Lincoln Financial Group on behalf of the buyer, San Francisco-based investment firm Stockbridge Capital.

FacebookTwitterLinkedinEmail

ROSENBERG, TEXAS — STATS International has signed a 72,761-square-foot industrial lease in Rosenberg, a southwestern suburb of Houston. The pipeline services firm will occupy all three buildings on the 10-acre site at 3782 Reese Road for both maintenance and manufacturing purposes. Anthony Squillante and Drew Coupe of Avison Young represented the tenant in the lease negotiations. Ryan Wasaff, Brad Berry and Cole Bercher represented the landlord, local owner-operator The Welcome Group, on an internal basis.

FacebookTwitterLinkedinEmail

HOUSTON — A partnership between Dallas-based Apricus Realty Capital and Baltimore-based ABR Capital Partners has purchased an 11.3-acre industrial outdoor storage (IOS) facility in northwest Houston. The site includes 32,358 square feet of crane-served warehouse space that is leased to Knight Oil Tools. Jason Tangen and Paul Dominique of Colliers represented the undisclosed seller in the transaction. C.W. Sheehan, Jack Britton, Peyton Ackerman and Nate Henderson of JLL arranged acquisition financing for the deal.

FacebookTwitterLinkedinEmail

RINCON, GA. — JLL has negotiated the sale of NFI Distribution Center Savannah, a 1 million-square-foot distribution facility located at 1200 Logistics Parkway in Rincon. The distribution center is fully leased to National Distribution Centers LLC, a major subsidiary of New Jersey-based supply chains solutions provider NFI Industries. Britton Burdette, John Huguenard, Dennis Mitchell, Jim Freeman and Maggie Dominguez of JLL represented the seller, a joint venture between Becknell Industrial and Goldman Sachs Alternatives, in the transaction. Stockbridge purchased the Class A facility for an undisclosed price. Situated within Old Augusta Commerce Center, the cross-dock property is situated 10.7 miles from the Port of Savannah’s Garden City Terminal and within five miles of I-95. The property was completed in 2022 and features 40-foot clear heights, 190-foot truck courts, 270 trailer parking spaces (expandable to 307) and 102 dock levelers.

FacebookTwitterLinkedinEmail

ONTARIO, CALIF. — Real Estate Development Associates and Clarion Partners, along with Premier Design + Build Group, have broken ground on South Ontario Logistics Center — Building 6 (SOLC) in Ontario. Slated for delivery in June 2026, the 700,000-square-foot asset will feature 113 dock doors, 261 trailer stalls, 445 parking spaces, dual 2,000-kilowatt generators and a 16,000-amp electrical service.

FacebookTwitterLinkedinEmail

ALSIP, ILL. — Byline Bank has provided $17 million for the acquisition and future capital improvement of two industrial properties located at 5750 W. 118th St. and 11700 S. Central Ave. in Alsip. TradeLane Properties was the borrower. The manufacturing facility on 118th Street totals 366,869 square feet and was built between 1996 and 2000. It features exterior dock doors, existing bridge cranes, 480 expandable parking stalls and active multi-track rail service via Indiana Harbor Belt. TradeLane plans to reposition the asset by replacing the roof, paving, exterior and interior painting, landscaping and preparing the office space for lease. The second property is an 84,376-square-foot distribution center that is fully leased and situated on 4.5 acres. Constructed in 1990, the building features a 4,500-square-foot office space, 15 exterior dock-high doors, a drive-in door and 26 auto parking stalls. The acquisition marks the 14th transaction between Byline and TradeLane in the last five years.

FacebookTwitterLinkedinEmail