VAN NUYS, CALIF. — CIRE Equity has purchased Roscoe Woodley North LA Industrial Campus, a fully leased industrial property in Van Nuys. Terms of the transaction were not disclosed. Located at 8201-8221 Woodley Ave. and 16200 Roscoe Blvd., the campus offers 307,883 square feet of industrial space spread across two buildings and a 7.4-acre M2-zoned yard on 19 acres. The property features 16 dock-high doors, six ground-level doors and a clear height of 28 feet in the main warehouse, as well as abundant parking, modern power infrastructure and flexible industrial configurations. Michael Longo, Eric Cox and Bennett Robinson of CBRE represented the confidential seller in the transaction.
Industrial
NORTH RICHLAND HILLS, TEXAS — Bradford Commercial Real Estate Services has arranged the sale of a 124,380-square-foot industrial building in North Richland Hills, a northeastern suburb of Fort Worth. The building was developed in 1981 on an 11-acre site at 6550 Wuliger Way and includes 12,500 square feet of office space. Luke Clardy of Bradford represented the buyer and future occupant, Sunair Products, a wholesale distributor of air conditioning components, in the transaction. Will Carney and Brad Balke of KBC Advisors represented the undisclosed seller.
EULESS, TEXAS — A partnership between California-based investment firm Birtcher Anderson & Davis and Baltimore-based ABR Capital Partners has purchased a 50,112-square-foot industrial park in Euless, located near DFW International Airport. The property is known as Airport Circle Business Park and offers 14 suites. Rich Young Jr. of Rich Young Co. represented the undisclosed seller in the transaction.
FLORIDA, N.Y. — Amazon has purchased a 143-acre industrial development site in Florida, located about 65 miles northwest of New York City near the New York-New Jersey border. The fully entitled site is located along State Highway 5 and has all major utilities already in place. Amazon did not announce specific development plans for the site, but the facility will be known as Mohawk Valley Industrial Center. Jim Panczykowski of JLL led a team that marketed the site on behalf of the seller, regional investment and development firm Winstanley Enterprises.
MORRISVILLE, PA. — Cushman & Wakefield has negotiated a 973,200-square-foot industrial lease in Morrisville, located near Trenton along the New Jersey-Pennsylvania border. The tenant is an undisclosed provider of warehouse services. The deal is for the entirety of the building located at 2300 S. Pennsylvania Ave., which is known as South Penn Logistics Center and features a clear height of 40 feet. John Gartland, Kevin Hagenberg and Chris Butera of Cushman & Wakefield represented the landlord, Chicago-based Logistics Property Co., in the lease negotiations. Kevin Dudley of CBRE represented the tenant.
NILES, ILL. — PREMIER has broken ground on a manufacturing facility for Linx Global in Niles. The 82,125-square-foot building features an additional 18,000-square-foot production mezzanine. Linx is a global product development and contract manufacturing company. The new facility will grow Linx’s R&D operations and deepen its footprint in medical, advanced packaging and electromechanical assembly space. The project will house a range of specialized manufacturing and research spaces, including a wet lab, quality control lab, 3D print room and dedicated support areas. The office areas will include conference rooms, private offices, breakout rooms and open workspaces. Employees will have access to a café and green roof deck with a walking path, outdoor kitchen and gas fire pit. The project team includes Heitman Architects, Spaceco Inc., MK Industries Inc., Swift Structural Design and Connelly Electric. Substantial completion is slated for the first quarter of 2027.
CROWLEY, TEXAS — Marcus & Millichap has brokered the sale ofDry Dock & Lock, a 466-unit self-storage facility in Crowley, a southern suburb of Fort Worth. Built on 20 acres in 2021, Dry Dock & Lock totals 200,940 rentable square feet of space across a mix of enclosed, covered and uncovered parking spaces for boats and RVs, as well as traditional storage units. Danny Cunningham, Brandon Karr and Jon Danklefs of Marcus & Millichap represented the seller in the transaction. Cunningham and Karr also procured the Canadian buyer. Both parties requested anonymity.
GOODLETTSVILLE AND SMYRNA, TENN. — CBRE has arranged $58 million in acquisition financing for a last-mile industrial portfolio in metro Nashville spanning more than 600,000 square feet. Mike Ryan, Richard Henry, J.P. Cordeiro and Taylor Crowder of CBRE’s Debt & Structured Finance team arranged the financing through Starwood on behalf of the borrower, Raith Capital Partners. The properties in the portfolio include: 300 Oak Bluff Lane in Goodlettsville (207,080 square feet); 100 Northfork Lane in Goodlettsville (67,000 square feet); 200 Northfork Lane in Goodlettsville (100,500 square feet); and 801 Swan Drive in Smyrna (229,504 square feet). Delivered between 1993 and 1998, the properties were fully leased at the time to five tenants and feature clear heights ranging from 24 to 30 feet.
MIDDLEBOROUGH, MASS. — Premier Fence, a provider of fencing and outdoor home goods, has acquired a 25.8-acre industrial facility in Middleborough, located south of Boston. The property at 370 Wareham St. features four approximately 20,000-square-foot buildings. Two buildings will house uses such as manufacturing, warehousing of raw materials, storage of finished goods and office, showroom and employee training space. Premier Fence will market the other two buildings for lease. The company expects to open its new facility this spring. MassDevelopment provided $11.7 million in bond financing, some of which is tax-exempt, for the purchase and build-out of the facility. Cambridge Savings Bank purchased the bond.
NEW YORK CITY AND RADNOR, PA. — Mapletree, a global real estate development, investment, capital and property management company, has completed the sale of an industrial portfolio located along the East Coast for $575 million. EQT Real Estate, an industrial owner-operator based in Radnor, was the buyer. Totaling 4.4 million square feet, the logistics portfolio comprises 25 warehouse properties located in Connecticut, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, D.C. Of the assets, 24 were held under Mapletree US & EU Logistics Private Trust (MUSEL), a closed-end private fund established in 2019. MUSEL launched with $4.3 billion in assets under management. The additional property included in the portfolio was held under the Mapletree US Logistics Private Trust (MUSLOG), a closed-end private fund launched in 2021 with a portfolio of 155 logistics properties totaling $3.3 billion in value. “This divestment reflects the successful execution of our closed-end fund strategy and illustrates the strength of our U.S. industrial platform,” says Richard Prokup, CEO, U.S., at Mapletree. “Looking ahead, we remain confident in the logistics sector’s long-term fundamentals as we advance new development opportunities nationwide to grow our pipeline.” Last year, Mapletree sold another portfolio to EQT for $242 million. …
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