HOUSTON — A partnership between locally based developer Boomerang Interests and CenterSquare, a global investment manager based in metro Philadelphia, will develop Houston ColdPort, a 315,101-square-foot speculative cold storage facility. Building features will include 50-foot clear heights, 38 fully automated dock positions, a 200-foot truck court, 57 trailer parking spaces and the ability to accommodate up to 40,000 pallet positions. Dallas-based design-build firm ARCO/Murray is designing and constructing the property, which will be able to support one or two tenants. Completion is scheduled for the second quarter of 2022.
CARROLLTON, TEXAS — Midwest Hose & Specialty Inc., an Oklahoma City-based firm that services the energy, agriculture, mining and construction industries, has signed a 52,800-square-foot industrial lease renewal at 1132 Valwood Parkway in the northern Dallas suburb of Carrollton. Transwestern’s Brett Owens and Clayton Johnson represented the tenant in the lease negotiations. Mitch Pruitt handled negotiations internally on behalf of the landlord, Prologis.
BRAINTREE, MASS. — New York-based Clarion Partners has purchased a 58,935-square-foot biomanufacturing facility at 55 Messina Drive in Braintree, a southern suburb of Boston. The property features six wet labs, temperature-controlled rooms, a new water filtration system and 18.5-foot ceiling heights. The facility was fully leased to Zimmer Biomet, a global leader in musculoskeletal healthcare, at the time of sale. Scott Dragos of CBRE brokered the deal. The seller was not disclosed.
HUNTSVILLE, ALA. — An affiliate of Milwaukee-based Phoenix Investors has acquired the Technicolor Campus located at 4905 Moores Mill Road in Huntsville. The industrial property spans 1.4 million square feet and sits on approximately 161 acres. Daniel Stubbs of Binswanger brokered the sale. Technicolor, which is exiting the property in August, uses the campus for disc manufacturing, warehousing and distribution fulfillment. The property features 916,000 square feet in warehouse and distribution space; 425,000 square feet in manufacturing and production space; and 30,000 square feet of office space. The property was last renovated in 2007. The property features 27- to 42-foot clear heights, 50 docks and six drive-in doors.
FORT WORTH, TEXAS — Locally based developer M2G Ventures has completed North Quarter 35, a 645,000-square-foot industrial project in Fort Worth. The Class A, cross-dock facility is located along Interstate 35 within the TexasAlliance Mobility Innovation Zone on the city’s north side. GSR Andrade designed the project, and FCL Builders served as the general contractor.
EULESS, TEXAS — Locally based developer Urban Logistics Realty will build Urban District 183, a three-building, 367,000-square-foot industrial project that will be located in the metroplex city of Euless. The project will be situated on the 22-acre site of the former Cooper’s Driving Range at the corner of Pipeline Road and Industrial Boulevard. Stream Realty Partners has been tapped to lease the development, which will consist of a 100,000-square-foot rear-load building, a 191,000-square-foot front-load building and a 75,000-square-foot side-load building. Construction is scheduled to begin in May and to wrap up in the second quarter of next year.
OKLAHOMA CITY — A partnership between Fort Worth-based Corinth Land Co. and Dallas-based Prattco Creekway Industrial has purchased two industrial buildings totaling 121,600 square feet in Oklahoma City. The buildings are situated on a combined 14.3 acres on the city’s southwest side and are leased to tenants such as Fred Jones, Overhead Door Corp. and TireHub. Veritex Bank provided acquisition financing for the deal, and Western Product Co. contributed equity. The seller(s) was not disclosed.
MEXICO, MO. — Stan Johnson Co. has brokered the sale of a single-tenant warehouse and distribution center leased to The Home Depot in Mexico, about 40 miles northeast of Columbia. The sales price was undisclosed. The 310,000-square-foot property is located at 5701 U.S. Highway 54 East. It was originally constructed in 1985 and underwent renovations in 1995 and 2020. The warehouse is adjacent to another Home Depot facility that shares a joint inventory system. Jonathan Ameen and Brad Pepin of Stan Johnson represented the seller, a Midwest-based developer. A private investor from New York was the buyer.
OLATHE, KAN. — Sealy & Co. has acquired Lone Elm Commerce Center, a 210,500-square-foot industrial facility in Olathe. The purchase price was undisclosed. Situated on 12 acres, the property features office space, expansive parking, loading docks, outdoor storage and a rooftop. Mark Long and John Hassler of Newmark Zimmer brokered the sale. Heise-Meyer LLC in partnership with Odyssey Real Estate Capital developed the building, which is currently 50 percent leased. Newmark Zimmer will oversee the leasing of the facility.
COLUMBUS, OHIO — Marcus & Millichap has brokered the sale of Westbelt Storage in Columbus for an undisclosed price. The self-storage facility features 121 non-climate-controlled units and spans 19,495 net rentable square feet. Brett Hatcher and Gabriel Coe of Marcus & Millichap marketed the property on behalf of the undisclosed seller. An out-of-state buyer purchased the asset with an all-cash offer.