DECATUR, TEXAS — Marcus & Millichap has brokered the sale of a 689-unit self-storage facility in Decatur, about 40 miles northwest of Fort Worth. Decatur Self Storage was built on a 19.8-acre site in 1980 (expanded in 2018) and comprises 14 single-story buildings that offer a mix of climate-controlled spaces, drive-up storage units, covered parking and specialty storage options for a total of 121,650 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, an undisclosed, family-owned self-storage operator, in the transaction. The duo also procured the buyer, SW Group, a Houston-based private investment firm that owns and operates 17 self-storage facilities throughout Texas. Decatur Self Storage was roughly 94 percent occupied at the time of sale.
FORT WORTH, TEXAS — The industrial investment arm of Dallas-based S2 Capital has purchased a 589,022-square-foot park located at 5721 E. Rosedale St. in Fort Worth’s Historic Southside district. The development, which S2 plans to rebrand as Panther City Industrial Park, comprises 31 buildings. The new ownership also plans to invest in capital improvements to suite interiors, as previous ownership already completed upgrades to common areas and building façades. The seller and sales price were not disclosed.
NEW YORK CITY — Cushman & Wakefield has arranged the $450 million sale of a four-property commercial portfolio located throughout the greater New York City area. The portfolio comprises existing multifamily, retail, healthcare and industrial buildings spanning roughly 4 million square feet, as well as multiple development sites totaling roughly 300 acres, in the following markets: East Fishkill, N.Y., Edgewater, N.J., Norwalk, Conn. and Yonkers, N.Y. Specifically, the portfolio includes iPark 84, a 270-acre, 1.8 million-square-foot industrial campus in East Fishkill that was originally built to be IBM’s flagship semiconductor manufacturing plant and can support another 1.5 million square feet of new development. Other properties within the portfolio include Edgewater Harbor, a 262-unit waterfront apartment complex with 60,000 square feet of retail space; a 400,000-square-foot mixed-use development in Norwalk that is anchored by a Northwell Health medical outpatient facility; and Trilogy Lofts, a newly constructed, 97-unit apartment building in Yonkers. Andy Merin, Frank DiTommaso and Ryan Dowd of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was a partnership between New York-based Saber-Hightower, Waterfall Asset Management and Dallas-based Lincoln Property Co. John Alascio, Alex Hernanez, Brad Domenico, Chuck Kohaut and Mitch Rothstein, also with Cushman …
AVONDALE, ARIZ. — Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has broken ground on Avondale Tech Center, a 700,000-square-foot Class A industrial campus in Avondale. LGE Design Build is serving as both architect and general contractor for the project, which is slated for completion in third-quarter 2027. Situated on 38 acres on the northwest corner of 117th Avenue Corporate Drive, Avondale Tech Center will feature three buildings ranging from 212,184 square feet to 254,264 square feet. The buildings will offer 36-foot clear heights, seven-inch unreinforced slab floors, four EV chargers with eight charging stalls per building and a fully gated site. Additionally, the buildings will incorporate FM Global features, including a steel roof and an upgraded K-25 ESFR sprinkler system throughout. Riley Gilbert, John Lydon and Kelly Royle of JLL are handling leasing efforts for the development.
HOUSTON — Atlanta-based developer Portman has acquired land and received construction financing for Gateway 1960, a 714,339-square-foot industrial project that will be located in North Houston. Neither the acreage of the site nor the amount of the construction loan were disclosed. Gateway 1960 will comprise a 440,323-square-foot cross-dock structure, a 157,723-square-foot front-load building and a 116,293-square-foot rear-load facility, all of which will feature speculative office space, LED lighting and dock-high loading doors. Project partners include general contractor Angler Construction, Powers Brown Architecture as the architect, civil engineer Langan and leasing agent Partners Real Estate. Construction is set to begin before the end of the month and to be complete in the third quarter of 2027.
DALLAS — Cushman & Wakefield has brokered the sale of the Valwood Industrial Portfolio, a collection of three buildings totaling 254,105 square feet in North Dallas. Built in 2001, the portfolio’s buildings feature rear-load configurations and 24-foot clear heights. Jim Carpenter, Jud Clements, Robby Rieke, Emily Brandt and Trevor Berry of Cushman & Wakefield represented the seller, California-based Cohen Asset Management, in the transaction. The buyer was a fund backed by Ares Real Estate. The portfolio was fully leased to seven tenants at the time of sale.
LAS VEGAS — IndiCap has acquired land in southwest Las Vegas for the development of Southwest Bay, a Class A infill industrial project. The site spans 3.8 net acres of usable land, not including street rights-of-way, and the 70,405-square-foot property will offer shallow-, small- and mid-bay industrial space with flexible suite configurations. Current plans call for suite configurations beginning at approximately 17,600 square feet, with the ability to accommodate full-building users. Located at the southwest corner of Russell Road and Edmond Street, Southwest Bay will feature concrete tilt-up construction with 28-foot clear heights, ESFR fire sprinklers, dock-high and grade-level loading, electrical capacity and flexible demising options. Sitework is slated to begin in April 2027, followed by vertical construction in May 2027. Southwest Bay is scheduled for delivery in February 2028, with preleasing available before completion. The project team includes Lee & Sakahara Architects as architect and structural engineer, Per4mance Engineering as civil engineer and NDL Group as general contractor. Greg Tassi and Donna Alderson of Cushman & Wakefield are handling leasing for the project. First American provided title services for the project.
FORT WORTH, TEXAS — Jorstin Transportation Services has signed an industrial lease expansion in Fort Worth.The Texas-based freight company now occupies 95,982 square feet at Everman Trade Center, a four-building, 457,745-square-foot development. Kash Knutson of Growe 3PL Real Estate represented the tenant in the lease negotiations. Matt Carthey and Trey Goodspeed of Holt Lunsford Commercial represented the landlord, Boston-based Cabot Properties.
HOUSTON — Lee & Associates has negotiated the sale of a 24,825-square-foot industrial property in northwest Houston. The two-building complex at 2216 Pech Road was constructed in 1980 and includes 4,600 square feet of office space. Richard Glass and Conrad Chambers of Lee & Associates represented the seller, All-Tex Erection Systems Inc., in the transaction. The buyer was Russell and Sons Holding Co.
YADKIN COUNTY, N.C. — WhiteFiber Inc., a data center owner-operator and cloud solutions provider, has agreed to acquire two industrial facilities in Yadkin County, situated near Winston-Salem at the foothills of the Blue Ridge Mountains. WhiteFiber is acquiring the properties via its wholly owned subsidiary Enovum Data Centers Corp. with plans to retrofit both properties into data centers. The agreed purchase price was $60 million for both sites. The two facilities, which will be renamed NC-2 and NC-3, sit approximately 55 miles from NC-1, WhiteFiber’s existing data center campus in Madison, N.C. NC-2 and NC-3 are expected to provide a combined minimum of 60 megawatts (MW) of initial gross utility capacity with the potential to support up to 200 MW of combined utility capacity over time. WhiteFiber expects to close the transaction in the fourth quarter and bring the properties on line in third-quarter 2027.
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