DALLAS — Harborcrest Industrial has signed a 74,421-square-foot lease in East Dallas. According to LoopNet Inc., the single-tenant building at 8721 Forney Road was constructed on 5.8 acres in 2001 and features 20-foot clear heights, 18 dock-high loading doors and two grade-level loading doors. Taylor Stell and Brett Lewis of Lee & Associates represented the landlord, Stonelake Capital Partners, in the lease negotiations. Thomas Mercer of Mercer Co. represented the tenant.
WOONSOCKET, R.I. — A partnership between Atlanta-based developer The Ardent Cos. and Ironwood Development Partners has completed a 913-unit self-storage facility in Woonsocket, located along the Massachusetts-Rhode Island border. The site is a former brownfield at 153 Hamlet Ave. that was remediated prior to the start of construction. Extra Space Storage operates the facility, which spans approximately 80,000 square feet, though it is unclear if that figure refers to gross or net rentable square footage. A formal opening ceremony took place in late summer.
EDISON, N.J. — JLL has arranged an undisclosed amount of permanent financing for a 124,720-square-foot industrial building in the Central New Jersey community of Edison. The building at 111 Fieldcrest Ave. was constructed on 6.4 acres in 2006 and was fully leased to Bentley Laboratories at the time of the loan closing. Building features include a clear height of 32 feet, nine dock-high doors, 111 car parking spaces and 7,500 square feet of office space. Michael Klein, Max Custer and Kevin Badger of JLL arranged the loan through an undisclosed life insurance company on behalf of the owner, Summit Associates.
ETNA, OHIO — CRG has broken ground on two Class A industrial buildings totaling 911,040 square feet at The Cubes at Etna, a 305-acre master-planned industrial park in Etna, about 20 miles southeast of downtown Columbus. Spanning 750,120 square feet, Building B is fully leased to Omega Morgan, a specialized transportation, heavy rigging and machinery moving services company that already occupies Building D and is expanding its presence at the park. the second new property, Building C, measures 160,920 square feet and is being developed on a speculative basis. Both buildings are slated for completion in 2027, with Building C expected to deliver in the summer. Located near I-70, Buildings B and C are supported by a 15-year, 100 percent tax abatement. Building B will feature a clear height of 40 feet, 141 dock doors, four drive-in doors, 185-foot truck courts, 50-by-54-foot column spacing, 4,00-amp power service, 397 vehicle parking spaces and 219 trailer parking stalls. Building C will feature a clear height of 32 feet, 30 dock doors, two drive-in doors, a 185-foot truck court, 50-by-54-foot column spacing, 60-foot speed bay, 174 vehicle parking spaces and 63 trailer parking stalls. Both buildings are being developed in partnership with an …
HOUSTON — Austin-based developer Freehill Co. has broken ground on an 809,220-square-foot industrial project in northwest Houston. The project, which represents Phase I of a larger development known as Fairbanks Landing, is a build-to-suit for Power Electronics, a manufacturer of solar inverters, electric vehicle chargers and other energy-oriented devices. Phase I will consist of two buildings that are expected to be complete in the third quarter of next year. Phase II of Fairbanks Landing will comprise two additional buildings totaling 834,720 square feet that will be developed on speculative bases and are slated for a fourth-quarter 2027 delivery. JLL is marketing Phase II for lease.
DENVER — Colliers Denver Investment Services Group has arranged the sale of 4001 Holly Street, a multi-tenant industrial building on 2.5 acres in Denver’s North Central submarket. DMS Real Estate sold the asset to Watumull Properties Corp. for $8.5 million. T.J. Smith, Nick Rice and Brad Calbert of Colliers Denver Investment Services Group represented the seller in the deal. At the time of sale, the 53,740-square-foot property was fully leased to three tenants. The building is demised into five small-bay units, each with dock-high and drive-in loading, and includes a fenced, paved and lighted outdoor storage yard.
HOUSTON — Levey Group will develop a 445,750-square-foot industrial project in northeast Houston that will be known as Levey East Belt. The locally based owner-operator has assembled 30 acres at the intersection of Beltway 8 and Tidwell Road with plans to construct a 270,400-square-foot front-load building and two rear-load buildings spanning 131,250 and 44,10 square feet. Levey expects to complete the permitting and approvals process in the first quarter of next year and to spend about 11 months constructing the project, putting delivery on track for early 2028. Cushman & Wakefield is marketing the project for lease.
WEST CHESTER, OHIO — CBRE has arranged the $8 million sale of Liberty Office Park, a 76,501-square-foot flex industrial property in West Chester. Boulder Properties LLC purchased the asset from Wang Brothers Investments LLC. CBRE’s Will Roberts, Steve Timmel and Beau Nimer represented the seller. At the time of sale, the property was fully occupied by five tenants with an average tenure of nearly 10 years. Built in 2007, the facility features eight docks, one drive-in door and a clear height of 19 feet.
DALLAS — Marco Awards Group, wholesale trophy component distributor, has purchased a 49,982-square-foot industrial building in southwest Dallas. According to LoopNet Inc., the building at 4443 Bronze Way was constructed on 4.2 acres in 1982 and features 21.5-foot clear heights. Ryan Hartsell and Chase McAteer of Houston-based brokerage firm Oxford Partners represented the buyer in the transaction. Caleb McCoy of JLL represented the undisclosed seller.
PHILADELPHIA — Cushman & Wakefield has arranged $153 million in construction financing for Phase I of Airport Logistics Center, a roughly 1 million-square-foot industrial project that will be situated on a 66-acre site adjacent to Philadelphia International Airport. Building features will include 240 dock doors and parking for 704 cars and 209 trailers. Completion is slated for early 2028. The sponsor is a partnership between Ivy Realty and Lubert-Adler Real Estate Funds, and the package includes both debt and equity, though specific amounts of each piece were not disclosed. John Alascio, Chuck Kohaut, T.J. Sullivan, Aaron Graves, Andrew Merin, Gary Gabriel, Kyle Schmidt and Seth Zuidema of Cushman & Wakefield arranged the floating-rate construction loan through TPG Real Estate Credit. The team also advised on the structuring of the equity for the project.
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