HARTFORD, WIS. — The Dickman Co./CORFAC International has arranged the sale of a 16,000-square-foot industrial building in Hartford, about 40 miles northwest of Milwaukee. The property is located at 1024-26 Western Drive. Nick Keys and TJ Huenerbein of Dickman represented the seller, WB Investments LLC. Endpoint Group LLC purchased the building. Tenants were not disclosed.
JERSEY CITY, N.J. — CenterPoint Properties has acquired a 315,389-square-foot industrial property in Jersey City, a western suburb of New York City. Situated on 44 acres at 1049 Secaucus Road, the property features 36-foot clear heights, 99 dock doors and 371 trailer parking spots. The location offers close access to the New Jersey Turnpike, New York City and nearby ports. Brian Fiumara of CBRE represented the seller, which was undisclosed.
CARTERET, N.J. — Fitness platform Peloton Interactive has signed a 156,068-square-foot industrial lease in Carteret, a western suburb of New York City. Located at 1500 Blair Road, the property features 36-foot ceilings and close access to Midtown Manhattan, Newark Liberty International Airport and the Ports of Newark and Elizabeth. Peloton began utilizing the space as a warehouse and distribution center starting in October 2019. Scott Belfer and Lou Belfer of CBRE Peloton Interactive represented Peloton in the lease negotiations. Thomas Monahan, Stephen D’Amato, Larry Schiffenhaus, Anastasia Lazarides, Lauren Griffith and Gerard Monahan of CBRE represented the landlord, AEW.
RINCON, GA. — Transportation holding company OmniTRAX Inc. and investment firm The Broe Group have broken ground on a build-to-suit facility within Savannah Gateway Industrial Hub, an industrial park located in Effingham County 12 miles from the Port of Savannah. Denver-based OmniTRAX is the master developer of the 2,700-acre industrial park owned by Effingham County Industrial Development Authority. Louisville, Ky.-based A&R Logistics Inc. has signed a 12-year lease guaranteeing approximately 610,000 square feet of the project with an option to expand to 1 million square feet. Completion of the facility is scheduled for the fourth quarter of 2020. OmniTRAX will construct more than seven miles of park-serving rail infrastructure, a multi-customer OmniTRAX rail yard located nearby and a 200-plus-car dedicated rail yard for A&R. OmniTRAX will spend $92 million constructing the building and railyard where A&R will package and ship plastic pellets, according to the Savannah Morning News. A&R will receive, process and send out shipments internationally from the industrial park via its connection with Class 1 railroads CSX and Norfolk Southern.
BROOKSHIRE, TEXAS — Stream Realty Partners has acquired 300 acres in the western Houston suburb of Brookshire for the development of Empire West Business Park, an industrial development that fronts Interstate 10 and U.S. Highway 90. The initial phase of Stream’s development strategy will center on the delivery of 1 million square feet of speculative product across three buildings. A construction timeline was not released.
SUGAR LAND, TEXAS — NAI Partners has arranged the sale of a 25,000-square-foot industrial building located at 120 Industrial Blvd. in Sugar Land, a southwestern suburb of Houston. Gulf Coast Athletic Supply Inc. sold the property to DetectaChem, a manufacturer of handheld detection systems, for an undisclosed price. Chris Caudill of NAI Partners handled the transaction.
RANCHO CUCAMONGA, CALIF. — Voit Real Estate Services has directed the sale of a multi-tenant industrial park in Rancho Cucamonga. Newport Beach, Calif.-based Focus Real Estate Services sold the asset to Pasadena, Calif.-based Teamrise International for $21.5 million. Located at 9007-9087 Arrow Route, the property features 138,081 square feet of industrial space. Juan Gutierrez of Voit’s Ontario, Calif., office and Mike Bouma of Voit’s Anaheim, Calif., office represented the seller, while KMBJ Inc. represented the buyer in the deal.
WARREN, MICH. — U-Haul is opening a facility at a former Kmart store at 2000 Ten Mile Road in Warren. Once renovations are complete at the 121,568-square-foot building, the property will house approximately 800 indoor self-storage units. U-Haul will also offer truck and trailer sharing, towing equipment and moving supplies at the 11.5-acre property. The company expects to employ at least 15 team members at the store, which is slated to open by the end of January.
THORNWOOD, N.Y. — SVN Commercial Realty has arranged the sale of two adjacent self-storage facilities totaling 773 units in Thornwood, located approximately 30 miles north of New York City. One of the properties, located at 401 Clairmont Ave., represents an adaptive reuse of a 55,000-square-foot warehouse. The other property is a pure-play self-storage facility operated by Safeguard Self Storage. The total price of the sale was $22.3 million. Hans Hardisty and Nick Malagisi of SVN Commercial represented the buyer, a California-based self-storage operator. The team also represented the seller, a local developer.
NEW YORK CITY — Fordham University has acquired a 31,786 -square-foot development site located at 619 E. Fordham Road in The Bronx. The site is situated one block from the university and currently houses 5,000-square-foot warehouse. Jonathan Squires, Addison Berniker, Michael Fioravanti, Josh Neustadter, and Shayne Soltan of Cushman & Wakefield represented the seller, Six 19 Custom LLC, in the transaction. The sales price was undisclosed.