FORT WORTH, TEXAS — Bradford Commercial Real Estate Services has negotiated the sale of a 20,298-square-foot IOS (industrial outdoor storage) facility in southeast Fort Worth. The site at 5251-5255 Wilbarger St. spans 1.3 acres and houses two vacant buildings that were originally constructed in 1962. Luke Clardy and Cade Navarro of Bradford represented the Virginia-based seller in the transaction.
LEONIA, N.J. — New Jersey-based investment firm Devli Real Estate has purchased a 37,000-square-foot industrial building in Leonia, located in Bergen County. The building at 100 Leyland Drive features a clear height of 24 feet, four dock-high loading positions and two drive-in doors. David Aboudi of Aboudi Realty brokered the deal. The seller and sales price were not disclosed.
MABLETON, GA. — Stonemont, a private industrial real estate investment firm based in Atlanta, has acquired a 216,400-square-foot industrial service facility (ISF) located in Mableton, approximately 15 miles northwest of downtown Atlanta. Situated at 5350 Riverview Road, the facility spans 10 buildings across 24.5 acres and is fully leased to a mix of national and regional tenants. The property also features 18- to 23-foot clear heights, 19 dock doors and potential connectivity to the Norfolk-Southern rail spur. ISF is defined as a subset of industrial outdoor storage (IOS) and includes sites that feature functional service buildings, in addition to stabilized fences and lit outdoor space zoned for storage. Stonemont has closed on five ISF acquisitions totaling 41.9 acres and more than 518,600 square feet of existing and planned development across the country, including Atlanta, Houston, New Jersey and Philadelphia. Additionally, in February, the firm closed on two ISF projects in Denver and Las Vegas, totaling over 35,000 square feet on more than 15 acres.
VENICE, FLA. — Goodwill Industries-Manasota, an affiliate of nonprofit retailer Goodwill, has signed a 54,189-square-foot flex lease at the former Tervis headquarters located at 201 Triple Diamond Blvd. in Venice. The 120,000-square-foot campus will serve at Goodwill’s newest Sustainability & Logistics Center and is expected to create more than 40 new jobs. Michelle Senner and Lori Hellstrom of Colliers represented the landlord, Buligo Capital, which purchased the campus in 2023. Jack Siragusa and Sara Williams of CBRE represented the tenant, Goodwill Industries-Manasota. The lease includes 16,000 square feet of office space, with the remaining space for industrial and warehouse use. The site will include a Goodwill Bargain Barn, which is a clearance center where unsold items from regular Goodwill stores are sold in bulk by the pound.
CARLSBAD, CALIF. — PSRS has arranged $6.5 million in refinancing for a flex industrial property in Carlsbad. Constructed in 1998 and renovated in 2022, the asset consists of two two-story buildings totaling 65,964 square feet of net rentable area. The fully occupied, three-tenant property features a specialized mix of climate-controlled R&D/lab, warehouse and office space tailored for the biotech and semiconductor industries. Trevan Swierczewski of PSRS secured the loan, which features a competitive spread over the five-year Treasury and a flexible prepayment structure, for the undisclosed borrower through a local bank.
DALLAS — Taylor Communications Inc. has signed a 241,931-square-foot industrial lease renewal in South Dallas. The provider of commercial printing and branding services will remain a tenant at Stoneridge 9, a building located at 8700 Autobahn Drive that according to LoopNet Inc. was completed in 1999 and totals 372,610 square feet. Scott Gredler of Cushman & Wakefield represented the tenant in the lease negotiations. John Gorman and Canon Shoults of Holt Lunsford Commercial represented the landlord, TA Realty.
TAMPA, FLA. — New York City-based GTIS Partners has acquired approximately 116 acres in Tampa to develop 4Ward Logistics Center, an industrial development that will span 382,500 square feet across two rear-load distribution buildings. Situated near I-4 in the East Tampa submarket, the site benefits from two nearby interchange access points, providing immediate access to local and regional logistics corridors, as well as direct connectivity to Port Tampa Bay. 4Ward Logistics Center is expected to be delivered in the second half of 2027. JLL will handle leasing and marketing for the project.
JACKSONVILLE, FLA. — JLL Capital Markets has arranged the sale of 8000 Baymeadows Way, a 458,617-square-foot office campus located in Jacksonville’s Butler/Baymeadows submarket. Robbie McEwan, Tucker Brooks, Hunter Smith, Jesse Jones and Jesse Shimp of JLL represented the undisclosed seller and procured the buyer, Orlando-based Foundry Commercial. J. Paul Reynolds represented Foundry Commercial in the transaction. The sales price was also not disclosed. 8000 Baymeadows Way spans five buildings and previously served as an office campus. Foundry Commercial plans to redevelop the property.
CHASKA, MINN. — Peavey Road Partners LLC has purchased a 42,886-square-foot industrial property at 4024 Peavey Road in Chaska for $3.1 million. The buyer plans to position the site for one of Minnesota’s first “mezzobusiness” cannabis cultivation, manufacturing and retail operations. The tenant will be Blom Inc., a Minnesota-based cannabis company pursuing a mezzobusiness license, the state’s most vertically integrated license type that allows for cultivation, manufacturing, processing, packaging and retail operations within a single platform. United Prairie Bank provided acquisition financing for the transaction. In addition, Peavey Road Partners plans to invest approximately $4 million for building improvements to convert the former industrial facility into a state-compliant cultivation and retail operation. Kai Thomsen, principal at Lee & Associates Twin Cities, and Wade Shatzer of Equimax created Peavey Road Partners to address the unique real estate and capital challenges specific to Minnesota’s cannabis industry. Hudson Brothen of Cushman & Wakefield represneted the seller of the property, Highland Development.
ATLANTA — Atlanta-based investment and development firm MDH Partners has received $195.9 million in financing for a portfolio of seven industrial buildings totaling approximately 1.6 million square feet, three of which are located in the northern Dallas metro of Carrollton. The other four buildings are located in Salt Lake City, Chino, Calif. and Murfreesboro, Tenn. Capital One provided the financing. The portfolio was 91 percent leased at the time of sale.
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