MESQUITE, TEXAS — FragilePAK Enterprises has signed a 91,576-square-foot industrial lease in the eastern Dallas suburb of Mesquite. According to LoopNet Inc., the building at 540 S. Town East Blvd. was constructed in 2024, totals 193,800 square feet and features 36-foot clear heights. Jeff Pappas of Newmark represented the tenant in the lease negotiations. Josh Barnes and Blake Troiani of Holt Lunsford Commercial represented the landlord, Leon Capital Group.
BETHLEHEM, PA. — Regional developer J.G. Petrucci Co. Inc. is nearing completion of a 216,000-square-foot cold storage project in the Lehigh Valley city of Bethlehem. The building at 757 Hellertown Road is being developed in partnership with BGO Cold Chain, an investment group that specializes in that subcategory of industrial product, and is fully preleased to Freshpet. J.G. Petrucci’s in-house construction team, Iron Hill Construction Management, served as the general contractor for the project, which is expected to be fully complete by the end of the year.
TRACY, CALIF. — Dermody has purchased a logistics facility at 1269 E. Grant Line Road in Tracy. Terms of the transaction were not released. Rebecca Perlmuter of CBRE National Partners represented the undisclosed seller in the deal. Michael Goldstein, Ryan McShane and Alex Hoeck of Colliers will handle leasing for the property. Completed in 2023, the 606,343-square-foot building features a clear height of 40 feet, 103 dock-high doors, four grade-level doors, 176 trailer stalls and 220 car parking stalls. The property also features a 185-foot truck court that is fully fenced and secured with gated entries, 4,000-amp electrical service, ESFR fire protection, LED lighting, 60-foot speed bays and approximately 4,054 square feet of office space. Situated on 29.3 acres, the asset offers immediate access to I-205, with additional connectivity via interstates 5 and 580 to Silicon Valley, the San Francisco Bay Area, the Port of Oakland and San Francisco International Airport.
CORONA, CALIF. — Faropoint has acquired 725 E. Harrison Street, an industrial property in Corona, for $21.5 million. Makenna Peter, Luke McDaniel and Hunter McDonald of JLL Capital Markets represented the undisclosed seller in the deal. Built in 1991 on a 5.8-acre site, the fully secured 116,555-square-foot facility features 2,500 amps of power, 27- to 29-foot clear heights, seven dock positions with the ability to expand to nine dock positions, four grade-level doors and 125- to 140-foot truck court depths. Additionally, the property includes 222 auto parking stalls and connectivity to Corona’s Inland Empire Brine Line. At the time of sale, the asset is fully leased to a long-tenured industrial tenant that serves the aerospace, automotive and medical industries.
MOUNT COMFORT, IND. — Ambrose has sold Building III at Mount Comfort Logistics Center, a 10-building, 437-acre industrial park located in the East industrial submarket of Indianapolis. The 297,769-square-foot facility in Mount Comfort is fully leased to a third-party logistics firm that specializes in cold storage. The buyer was a locally based private investor. Developed on a build-to-suit basis in 2023 for PL Cold, an affiliate of Progressive Logistics, the facility features 223,000 square feet of freezer and cooler space and 40 docks. Alex Cantu and Alex Davenport of Colliers represented Ambrose in the transaction.
HOUSTON — A joint venture between two Houston-based groups, Transwestern Investments and Hanover Co., will develop Rankin 59, a 749,016-square-foot industrial project in North Houston. The site is located at the corner of Rankin Road and U.S. Highway 59/I-69, adjacent to George Bush Intercontinental Airport. The development will consist of a single cross-dock facility with 40-foot clear heights, 130- to 185-foot truck court depths, 106 dock doors and parking for 429 cars and 140 trailers. Construction is expected to begin in January and to last about 12 months.
YONKERS, N.Y. — CubeSmart will open a 949-unit self-storage facility in Yonkers, located north of New York City. New York-based Cayre Equities is developing the facility at 1060 Nepperhan Ave., and construction has now passed the midpoint and is expected to be complete in the second or third quarter of next year. Miami-based lender 3650 Capital provided a $24 million construction loan for the project that carried a 36-month term with a six-month extension option. David Eyzenberg of Eyzenberg & Co. arranged the loan on behalf of the developer.
MALDEN, MASS. — Marcus & Millichap has brokered the sale of a 717-unit self-storage facility in Malden, located north of Boston. Extra Space Storage operates the facility, which totals 74,795 net rentable square feet and was roughly 91 percent occupied at the time of sale. Nathan Coe, Gabriel Coe, Brett Hatcher and Thomas Shihadeh of Marcus & Millichap represented the seller, Calare Properties, in the transaction and procured the buyer, Hearthfire Holdings. The sale also included a 25,095-square-foot warehouse that is fully leased to Canadian logistics company UniUni and a 3,400-square-foot kiosk.
HOLLYWOOD, ALA. — Helix Electric Inc., a national electrical contractor, has broken ground on the first phase of a 1.2 million-square-foot advanced fabrication campus in Hollywood, a northeast Alabama city in Jackson County. Phase I will span 300,000 square feet of modular space and will be complete in 2028. Helix Electric will employ more than 150 people in the first phase and will produce prefabricated electrical components for users in several industries, including data centers, advanced manufacturing, multifamily and commercial real estate.
INDIANAPOLIS — Marcus & Millichap has negotiated the $18.1 million sale of Directors Row Business Center, an eight-building office and flex industrial campus in Indianapolis. Gus Poulos and Forest Bender of Marcus & Millichap represented the seller, South Carolina-based Ziff Real Estate Partners. Bender and Zach Rogers, also from The Bender Group out of the firm’s Indianapolis office, procured the Michigan-based buyer. Located at the entrance to Park Fletcher near Indianapolis International Airport, Directors Row Business Center comprises 214,200 square feet across six industrial buildings and two office buildings. The campus features 39 suites and is 91 percent occupied.
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