Industrial

Signature-35-Fort-Worth

FORT WORTH, TEXAS — JLL has arranged an undisclosed amount of construction financing for Signature 35, a 111,923-square-foot industrial project that will be located in the Alliance submarket of North Fort Worth. The facility will feature 32-foot clear heights, 36 dock doors, 122-foot truck court depths, two oversized ramped doors and 5.2 acres of outdoor storage space. Completion is slated for the first quarter of 2027. Jarrod McCabe, Brennan Fewin and Ben Pollack of JLL arranged the financing through Simmons Bank on behalf of the developer, a partnership between Indco Partners and Holley Development Co. JLL also arranged an equity investment from an undisclosed family office as part of the project’s capitalization.

FacebookTwitterLinkedinEmail

RICHARDSON, TEXAS — ANDREW, a hardware manufacturer for the telecommunications industry, has signed a 42,000-square-foot lease in the northeastern Dallas suburb of Richardson. The company is relocating from the nearby building at 2601 Telecom Parkway to the flex building at 2920 Telecom Parkway. In addition to office, the company’s new space supports lab, manufacturing and engineering uses. As part of the relocation, ANDREW plans to invest more than $2 million to support tenant improvements and the addition of new furniture, fixtures and equipment at its new Richardson facility.

FacebookTwitterLinkedinEmail

SUFFOLK AND CHESAPEAKE, VA. — JLL has negotiated the sale of a four-building industrial portfolio situated near the Port of Virginia in the Hampton Roads region of the Commonwealth. NorthPoint Development purchased the 655,852-square-foot portfolio from an affiliate of Equus Capital Partners Ltd. Bill Prutting, Chris Dale, Craig Childs, Ginna Wallace and Andrew Baquero of JLL represented the seller in the transaction. The sales price was not disclosed. The portfolio comprises distribution facilities located at 6900, 6920 and 6950 Harbour View Blvd. in Suffolk and 2601 Indian River Road in Chesapeake. The properties were built between 2005 and 2012 and were 82 percent occupied at the time of sale to 10 tenants.

FacebookTwitterLinkedinEmail

FAYETTEVILLE, N.C. — Obrecht Properties LLC has purchased 30 acres adjacent to Fort Bragg, a U.S. military base spanning 160,000 acres in central North Carolina. The Maryland-based developer plans to develop The Gateway at Military Business Park, a six-property industrial park spanning 325,550 square feet, on the site at 2755 Procurement Circle in Fayetteville. The park represents Obrecht’s entry into North Carolina. The developer plans to break ground immediately on Phase I, which will comprise two single-story buildings totaling 52,500 square feet, with plans to deliver the first phase next summer. Obrecht has tapped Neil Grant and Roger Marx of Grant-Murray Real Estate to oversee leasing at The Gateway at Military Business Park.

FacebookTwitterLinkedinEmail

COMMERCE, CALIF. — Newmark has negotiated the $34.1 million sale of Holland Flower Market, a Class A industrial facility located at 5555 E. Slauson Ave. in Commerce. Jeff Cannon, Sage Segal and Greg Tippin of Newmark represented the undisclosed buyer in the deal. The seller was also not disclosed. The 91,010-square-foot asset features 32-foot clear heights, a 9,994-square-foot two-story office component, ESFR fire sprinklers and a fully secured truck court. Additionally, the building includes six dock-high loading positions and one grade-level door. Situated on 3.5 acres, the property offers immediate access to interstates 5 and 710 and proximity to downtown Los Angeles, key railyards and the ports of Los Angeles and Long Beach.

FacebookTwitterLinkedinEmail

TROTWOOD, OHIO — CBRE has arranged the $18 million sale of a 380,000-square-foot distribution facility located at 1 Modern Way in Trotwood, a suburb of Dayton. Viking Partners purchased the property from Stratacache Inc. CBRE’s Will Roberts, Steve Timmel and Doug Whitten represented the seller. The facility is located just south of Dayton International Airport, offering immediate access to I-75 and I-70. Built in 2008, the development features 12,000 square feet of office space, clear heights ranging from 28 to 30 feet, 32 dock doors, four drive-in doors and rail service via CSX with an interior spur.

FacebookTwitterLinkedinEmail

WOODRIDGE, ILL. — Lee & Associates of Illinois has negotiated a 100,800-square-foot, full-building industrial lease at 1215 101st St. in Woodridge. Jeff Galante and Jeff Janda of Lee & Associates represented the owner, Rediehs & Rediehs LLC. Manufacturing company Secure Source America LLC leased the property.

FacebookTwitterLinkedinEmail

RICHARDSON, TEXAS — Outdoor Wireless Networks LLC has signed a 42,362-square-foot industrial lease in the northeastern Dallas suburb of Richardson. The space sits within Parc North East, a four-building, 434,640-square-foot development. Mike Kay of Colliers represented the tenant in the lease negotiations. Josh Barnes, Blake Troiani and Weston Porter of Holt Lunsford Commercial represented the landlord, GID Investment Advisors.

FacebookTwitterLinkedinEmail

CROTON-ON-HUDSON, N.Y. — JLL has arranged a $19.5 million loan for the refinancing of a 118,991-square-foot industrial building in Croton-on-Hudson, located north of New York City in Westchester County. The single-tenant building at 1 Half Moon Bay Drive, which was fully leased at the time of the loan closing, was purpose-built for tire distribution in 1995 and features a clear height of 29 feet, 10 dock doors and two drive-in doors. Jillian Mariutti led the JLL team that placed the loan with Webster Bank on behalf of the owner, a partnership between Monday Properties and KPR Centers.

FacebookTwitterLinkedinEmail

DURHAM, N.C. — A partnership between Hines and an Ares Real Estate fund has begun construction on Parkside Commerce Center, a four-building industrial park spanning 809,141 square feet in Durham. The project will be situated along Silicon Drive and sit adjacent to Research Triangle Park. The co-developers have tapped Foundry Commercial to lead leasing and marketing at Parkside Commerce Center, which will be developed in two phases. Phase I, which is slated to deliver in fourth-quarter 2027, will include Building 1 (a 237,824-square-foot rear-load facility) and Building 2 (a 283,724-square-foot rear-load building). Both buildings will feature 36-foot clear heights and 63 trailer stalls. Phase II will include Building 3 (a 172,289-square-foot facility) and Building 4 (a 115,304-square-foot property), both of which will have 32-foot clear heights.

FacebookTwitterLinkedinEmail
Newer Posts