CORPUS CHRISTI, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Action Storage U-Haul, a 279-unit facility in Corpus Christi. The property spans 51,164 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster, Hugh Horne and Kirk Silas of Versal represented the seller, a locally based entity doing business as Mission Lake Estates Inc., in the transaction. The team also procured the buyer, Dallas-based Hinze Capital.
FORT WORTH, TEXAS — NWA Recycling has signed a 17,896-square-foot industrial lease in southeast Fort Worth. The space is located along Fairlane Avenue, although the address was not disclosed. Walker Floyd and Patrick Kelley of Holt Lunsford Commercial represented the tenant in the lease negotiations. Finn Wilson of LanCarte Commercial represented the landlord, Faropoint.
DALLAS — Local brokerage firm Holt Lunsford Commercial has negotiated a 20,258-square-foot industrial lease renewal in northeast Dallas. The tenant is Nevitt Fragrances Inc., and the space is located within the building at 10480 Markison Road, which according to LoopNet Inc. was built in 1987 and totals 49,107 square feet. Josh Barnes, Blake Troiani and Danny Phillips of Holt Lunsford represented the landlord, ATCAP Partners, in the lease negotiations. Adam Jones of Stream Realty Partners represented the tenant.
SOUTHLAKE, TEXAS — ATLIX, a supplier of industrial metal 3D printers, has signed a 17,180-square-foot industrial lease in Southlake, located northeast of Fort Worth. The space is located within the building at 1825 Mustang Court and includes 4,300 square feet of office space. Shane Benner of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Keaton Brice, Andrew Gilbert and Maddy Coffman of Holt Lunsford Commercial represented the landlord, Brookfield Properties.
INDIANAPOLIS — Colliers has negotiated the sale of a six-building industrial portfolio totaling 954,072 square feet throughout the Northwest, Northeast and Southwest submarkets of metro Indianapolis. The assets are located in Indianapolis, Fishers and Plainfield. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Jason Speckman, Jimmy Cohoat and Andrea Hopper of Colliers represented the seller, EQT. Wisconsin-based MLG Capital was the buyer. The portfolio was 90 percent leased to 10 tenants at the time of sale with a weighted average lease term of 4.6 years. Suite sizes range from approximately 24,000 square feet to more than 260,000 square feet. Roughly 40 percent of the square footage is leased to investment-grade tenants. Four of the six assets are located within Park 100, one of the largest industrial parks in Indianapolis.
CARLSBAD, CALIF. — CBRE has negotiated the $45 million sale of 2081 Faraday Avenue, an industrial corporate headquarters facility in Carlsbad. Majestic Asset Management acquired the property, which was fully leased at the time of sale, from an undisclosed investment and management company. Hunter Rowe, Barbara Perrier, Michael Longo and Matt Carlson of CBRE represented the seller in the deal. Val Achtemeier of CBRE Capital Markets Debt & Structured Finance secured financing for the buyer. Built in 1997, the 157,973-square-foot facility has undergone significant capital and tenant improvements, including “high-end” interior finishes and upgraded amenities designed to support corporate headquarters operations. Situated on 9 acres, the facility features a stadium-style LED video board, an outdoor sport court, 26-foot clear heights, heavy power and dock-high and grade-level loading.
TUCSON, ARIZ. — Dallas-based Provident Industrial has broken ground on a 163,000-square-foot distribution facility in Tucson. The development, which will be named Valencia Airport Center, will be situated on 10 acres and is projected to cost $25 million. Valencia Airport Center will feature trailer parking, concrete truck courts and perimeter fencing with controlled access for enhanced security and operations. Occupancy is slated for the second quarter of 2027.
By Maxx Kossof, The Missner Group Chicago’s industrial market is active — vacancy is low, rents are up and the construction pipeline remains substantial. But the market is not uniform. Smaller deals, in tighter locations and existing buildings, are moving. That segment has been underserved for some time, and that is starting to change. Big box is largely spoken for Chicago’s active construction pipeline is significant, but the majority of it is already committed. The large projects breaking ground are build-to-suit developments for specific users, including Kimberly-Clark, CJ Logistics and Walmart. Big speculative groundbreakings have been largely absent for some time, reflecting a period of softer leasing demand that is only now beginning to recover. That pipeline serves an important segment of the market, but a narrow one. Most tenants are not those users. They are regional distributors, light manufacturers and last-mile operators looking for 25,000 to 90,000 square feet in a location that works for their workforce and customers. For years, speculative development bypassed this segment in favor of larger tenants and higher absolute rents. That is beginning to shift. Infill is competitive When a well-located older building becomes available in Chicago, there is real competition for it. The …
HUTCHINS, TEXAS — Realterm, an independent global investment manager focused on the transportation industry, has acquired a 24-acre industrial outdoor storage (IOS) facility in Hutchins, a southeastern suburb of Dallas. The facility at 1096 S. I-45 Service Road houses three buildings: a 24,200-square-foot maintenance facility, a 12,000-square-foot, grade-level warehouse and maintenance facility and a 7,600-square-foot office building. The buildings feature 23 drive-in doors, nine drive-through maintenance bays and one wash bay. The seller and sales price were not disclosed.
LEWISVILLE, TEXAS — Lee & Associates has negotiated the sale of a 113,904-square-foot industrial building in the northern Dallas suburb of Lewisville. Andes Coil Processes occupies the building at 202 S. Railroad St., which according to LoopNet Inc. was constructed in 1983 and features 35-foot clear heights. Tomas Wilson and Alex Wilson of Lee & Associates represented the buyer, Bleecker Partners, in the transaction. Todd Hubbard of NAI Robert Lynn represented the undisclosed seller.
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