Monday, April 14, 2025
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Industrial

Kennedale Industrial Park
AcquisitionsIndustrialTexas

Colliers Brokers Sale of 156,295 SF Industrial Park in Kennedale, Texas

by Taylor Williams

KENNEDALE, TEXAS — Colliers has brokered the sale of Kennedale Industrial Park, a 156,295-square-foot development located on a 13.2-acre site just south of Fort Worth. Kennedale Industrial Park, which was 36 percent leased at the time of sale, consists of six buildings that were completed in 2024. Buildings can support multiple tenants and feature 18- to 22-foot clear heights, 71 grade-level doors and two dock-high doors. Cody Payne, Michael Tran, Austin Edelmon and Nick Miller of Colliers represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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DevelopmentFloridaIndustrialLoansSoutheast

JLL Arranges $25.8M Construction Financing for Speculative Industrial Project in Metro Tampa

by John Nelson

SAN ANTONIO, FLA. — JLL Capital Markets has arranged $25.8 million in construction financing for Phase I of Park 52 Logistics North, a 299,030-square-foot speculative industrial project in the metro Tampa . Melissa Rose, Michael DiCosimo, Justin Ratcliffe and Nicole Barba of JLL arranged the three-year, floating-rate construction loan on behalf of the borrower, McCraney Property Co. Scheduled for completion in November, the 78-acre project will comprise three rear-load buildings ranging from 80,745 square feet to 130,865 square feet. Additionally, each building will feature four drive-in doors and car parking spaces and 24- to 30-foot clear heights, as well as suite sizes that can accommodate up to 46,000 square feet. Located with direct frontage along State Road 52 in San Antonio, Park 52 Logistics North is adjacent to the 965-acre Double Branch master-planned mixed-use community, which is expected to generate $600 million in economic impact, according to JLL.

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AcquisitionsColoradoIndustrialRetailWestern

Malman Real Estate Brokers Sale of 5,200 SF Flex Property in Leadville, Colorado

by Amy Works

LEADVILLE, COLO. — Malman Real Estate has arranged the purchase of a 5,200-square-foot flex retail and industrial building located at 331 Highway 24 in Leadville. 331HIGHWAY24 LLC, a Wyoming limited liability company, acquired the asset from NAK Property 4 LLC, a Colorado limited liability company, for $1 million. Taylor Roy of Malman Real Estate represented the buyer, while Kory Pryor of 23 Realty Advisors represented the seller in the deal.

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AcquisitionsIndustrialNorth CarolinaSoutheast

Cushman & Wakefield Brokers $17.5M Sale of Industrial Portfolio in Laurel Hill, North Carolina

by John Nelson

LAUREL HILL, N.C. — Cushman & Wakefield has brokered the $17.5 million sale of a two-property industrial portfolio in Laurel Hill. Situated at 18300 and 18400 Fieldcrest Road, the property is within 100 miles of the Port of Wilmington and is fully leased to High Life LLC, an apparel manufacturer based in New York City. The buildings total 203,196 square feet and 356,201 square feet, respectively. Parsons Commercial Group Inc. purchased the portfolio. Rob Cochran and Bill Harrison of Cushman & Wakefield represented the seller, a joint venture between Edgewater Ventures and Singerman Real Estate, in the transaction. Edgewater and Singerman originally acquired the properties in December 2021 for $11.5 million, a deal that Fermin Deoca and Matt Treble of Cushman & Wakefield brokered.

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AcquisitionsIndustrialMidwestMinnesota

PCCP, Capital Partners Acquire 382,635 SF Industrial Building in Brooklyn Park, Minnesota

by Kristin Harlow

BROOKLYN PARK, MINN. — A joint venture between PCCP LLC and Capital Partners has acquired 9001 Wyoming, a 382,635-square-foot industrial building in the Minneapolis suburb of Brooklyn Park. Built in 2000 and situated on a 24.8-acre site, the property features a clear height of 32 feet, 229 car parking spaces and 115 trailer parking spaces. Amazon fully occupies the facility. The transaction marks PCCP’s sixth joint venture with Capital Partners, a local owner and operator of more than 14 million square feet of industrial product. The seller and sales price were undisclosed.

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AcquisitionsIllinoisIndustrialMidwest

Brennan Purchases 38,135 SF Industrial Property in Broadview, Illinois

by Kristin Harlow

BROADVIEW, ILL. — Brennan Investment Group has purchased a 38,135-square-foot industrial property in Broadview, about 12 miles west of downtown Chicago. The single-tenant building is located just off I-290 at the four-way 25th Avenue interchange. The property is fully leased to MYR Group, an electrical construction business. Bill Lussow of Bespoke Commercial Real Estate represented the undisclosed seller.

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Wildlife-Commerce-Park_Dallas
AcquisitionsIndustrialTexasTop Stories

Blackstone to Acquire Majority Stake in 6 MSF Texas Industrial Portfolio for $718M

by Hayden Spiess

DALLAS AND HOUSTON — Blackstone Real Estate (NYSE: BX), the largest owner of commercial real estate globally, has agreed for its Core+ funds business affiliate to acquire a 95 percent stake in an industrial portfolio in Texas totaling 6 million square feet. The purchase price is $718 million.  Crow Holdings, the Dallas-based real estate and development firm that developed the properties, is the seller and will retain a 5 percent ownership stake.  The transaction is expected to close in the second quarter of 2025.  The portfolio comprises 25 Class A buildings located predominantly in submarkets of Dallas and Houston. According to Blackstone, the metros are two of the top-performing logistics markets in the country.  “We are thrilled to acquire this high-quality portfolio located in some of the best performing U.S. industrial markets,” says David Levine, co-head of Americas acquisitions for Blackstone. “With limited vacancy and new construction starts down over 80 percent from the 2022 peak, logistics remains a high conviction theme for us; we are proud owners of more than $90 billion of warehouses in North America and nearly $170 billion in total around the world.” Founded in 1991, Blackstone currently has $315 billion of investor capital under management …

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IndustrialLeasing ActivityTexas

Gulf Highway Equipment Signs 46,023 SF Industrial Lease in Richland Hills, Texas

by Taylor Williams

RICHLAND HILLS, TEXAS — Truck parts manufacturer Gulf Highway Equipment has signed a 46,023-square-foot industrial lease at 7204 Burns St. in Richland Hills, a northeastern suburb of Fort Worth. According to LoopNet Inc., the single-tenant building was originally constructed in 1960. Luke Clardy of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Todd Hubbard of NAI Robert Lynn represented the undisclosed landlord.

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AcquisitionsIndustrialTexas

Finial Group Negotiates Sale of Two Industrial Buildings Totaling 20,000 SF in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has negotiated the sale of two industrial buildings totaling 20,000 square feet in northwest Houston. The buildings are located on 1.4 acres at 12111-12113 Taylor Road and have 21-foot clear heights. One building also includes 1,400 square feet of office space. Chase Tucker and Andrew Bischoff of Finial Group brokered the deal. The buyer and seller were not disclosed.

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AcquisitionsGeorgiaIndustrialLoansSoutheast

CBRE Secures $26.4M Acquisition Loan for Industrial Property in Tucker, Georgia

by John Nelson

TUCKER, GA. — CBRE has secured a $26.4 million acquisition loan for Lavista Business Park, a 217,496-square-foot industrial property located on 11.8 acres at 2000-2068 Weems Road in Tucker, about 18 miles northeast of Atlanta. Irvine, Calif.-based CIP Real Estate purchased the park from Dallas-based ATCAP Partners for $37 million. Mike Ryan, Brian Linnihan, Richard Henry and Taylor Crowder of CBRE Capital Markets’ Debt & Structured Finance team in Atlanta secured the five-year, floating-rate loan through LoanCore Capital on behalf of CIP. Built in 1972, Lavista Business Park consists of four single-story, shallow-bay buildings that average 54,000 square feet in size and feature new roofing, 16- to 20-foot clear heights, 55 dock-high doors, one drive-in door and 209 parking spaces. The property was 92 percent leased at the time of sale to 15 tenants.

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