HOUSTON — Urban Logistics Realty will develop two industrial projects totaling 341,000 square feet in North Houston. Urban NXS Fallbrook will be a 182,400-square-foot, cross-dock industrial building, and Urban NXS West will be a 158,600-square-foot, front-load building. Urban Logistics Realty is developing both projects in a joint venture with Principal Asset Management. First United Bank & Trust is financing construction, which is slated to begin before the end of the summer and to be complete in the second quarter of 2027.
LAREDO, TEXAS — Realterm, a global investment manager focused on transit-oriented properties, has purchased a 40-acre industrial outdoor storage (IOS) facility in the South Texas city of Laredo. The facility at 14610 Mines Road features 25.3 concrete-paved acres that house a 22,250-square-foot check-in station, a 6,800-square-foot office and a 3,000-square-foot wash bay. This portion of the facility was leased to transit firm Heartland Express at the time of sale. The seller and sales price were not disclosed.
BALTIMORE — JLL has secured a $621 million loan for the refinancing of a 58-property, 6.3 million-square-foot industrial portfolio in Maryland owned by Merritt Properties, a Baltimore-based industrial developer and operator. Pete Pittroff, Anthony Fertitta, Travis Anderson, Evan Parker and Christopher Pratt of JLL arranged the seven-year balance sheet loan through M&T Bank on behalf of Merritt Properties. The portfolio comprises light industrial buildings in the Baltimore-Washington Corridor, northwest Baltimore, I-95 Corridor and Hagerstown.
UNION, OHIO — Scannell Properties has selected Peak Construction Corp. to build Interstate Aviation Hub in Union near Dayton. The 305,480-square-foot speculative industrial building will feature a clear height of 36 feet, 34 docks, two drive-in doors, 2,755 square feet of office space and parking for 130 cars and 83 trailers. The project team includes architect Ware Malcomb and civil engineer Arcadis. Completion is slated for the second quarter of 2027.
HOUSTON — Holt Lunsford Commercial Investments (HLCI) has completed Par 1960, a two-building, 254,186-square-foot industrial project in northwest Houston. Building 1 spans 204,375 square feet and features 32-foot clear heights and a front-load configuration. Building 2 totals 49,811 square feet and features 28-foot clear heights and a rear-load configuration. Cushman & Wakefield is the leasing agent for the buildings. Construction began in late 2024.
HOUSTON — Cooler Master Corp. has signed a 97,285-square-foot industrial lease in West Houston. The deal is for the entirety of Building 2 within Grand West Crossing, a development that is ultimately planned to feature six buildings, two of which are now complete and two of which are under construction. Richard Quarles, Jarret Venghaus, Geoff Perrott and Eliza Klein of JLL represented the landlord, Mississippi-based EastGroup Properties, in the lease negotiations. The tenant representative was not disclosed.
NEW CANEY, TEXAS — Partners Real Estate has brokered the sale-leaseback of a 55,700-square-foot industrial building in New Caney, a northeastern suburb of Houston. According to LoopNet Inc., the building at 18913 Phillip Way was constructed in 2020 and features 30-foot clear heights. Griff Brandy, Ryan Osborn, Wyatt Huff and Hunter Stockard of Partners represented the seller and tenant, New Caney Beverage, in the transaction. The buyer and sales price were not disclosed.
GASTON, S.C. — Red Rock Developments plans to develop a new 519,792-square-foot industrial facility at Sandy Run Industrial Park, a 760-acre campus in Gaston, a Columbia suburb. Situated on a 54-acre site in Calhoun County along I-26, the cross-dock facility will be built on a speculative basis and include 40-foot clear heights, 185-foot truck courts, 98 dock-high doors, four drive-in doors, an ESFR sprinkler system, speculative office space, expandable automobile and trailer parking and an 8-inch concrete slab. Red Rock has tapped Chuck Salley, Thomas Beard and John Peebles of Colliers to market and lease the facility, which is expected to break ground this quarter. Existing and committed users at Sandy Run include Zeus, Smart Warehousing and Blanchard Machinery.
SALISBURY, N.C. — Cushman & Wakefield has arranged a 472,890-square-foot industrial lease for American Eagle Outfitters Inc. in the metropolitan Charlotte area. The retailer will occupy a distribution center within Innovation Logistics Center in Salisbury on a long-term lease. Patrick Decker, Ben Brenner and Mark Zaziski of Cushman & Wakefield’s East Rutherford, N.J., office led a multi-year search in markets across three states for American Eagle’s new Southeastern hub. The team, along with locally based Cushman & Wakefield colleague Patrick McGrath, represented the tenant in the lease negotiations. Fermin Deoca and Matt Treble, also with Cushman & Wakefield, represented the landlord, Crow Holdings Development.
PATASKALA, OHIO — Associated Bank has provided a nearly $7 million loan to Transport Properties and GFH Partners to finance a 75,250-square-foot industrial building in Pataskala, about 20 miles west of Columbus. The property, completed in 2022 and leased to Thayer Power & Communication, is situated on 20 acres that includes 7 acres of outdoor parking. Transport Properties and GFH Partners own and manage the property. Transport Properties specializes in developing and enhancing industrial outdoor storage properties. GFH Partners is a global real estate asset manager and a subsidiary of the investment bank GFH Financial Group. Elizabeth Hozian of Associated Bank managed the loan arrangements and closing.
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