HOUSTON — Locally based brokerage firm Oxford Partners has arranged an 11,057-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 13805 West Road was completed in 2000 and totals 61,600 square feet. Nathan Buckhoff of Oxford Partners represented the tenant, medical supplies provider Arpovo Health, in the lease negotiations. Jack Rathe and Brandon Preece of Stream Realty Partners represented the landlord, an entity doing business as Westland EPA LLC.
BOSTON — Locally based owner-operator The Davis Cos. has sold a 491-unit self-storage facility in Boston’s Brighton neighborhood. Davis acquired the facility at 235 N. Beacon St., which spans 28,885 net rentable square feet, in April 2018 and subsequently implemented capital improvements, as well as a 56-unit, second-story expansion. Extra Space Storage operates the facility, which was 90 percent occupied at the time of sale. The buyer was a joint venture between Invesco Real Estate and Baranof Holdings.
NASHVILLE, TENN. — San Diego-based Stos Partners has acquired 640 Massman Drive, a 169,855-square-foot warehouse located in Nashville, for $26 million. The infill property was fully leased to Cumberland International Trucks at the time of sale. Todd Prevost and Jackson Pavitt of Big Tent Co. represented Stos Partners in the transaction. The seller was a private investor. Aldon Cole, Brad Vansant and Jenna Frakes of JLL arranged financing for the acquisition. 640 Massman Drive was constructed in two phases and can accommodate multiple tenants. The first phase — completed in 1970 — features 22-foot clear heights, three dock-high doors, two grade-level doors and nearly 2 acres of green space. The second phase, which was completed in 2000, was an expansion that included 30-foot clear heights, five dock-high doors and one additional grade-level door.
CASTLE ROCK, COLO. — Northmarq has secured $20 million in permanent-fixed financing for Castle Rock Industrial at The Meadows, an industrial distribution and warehouse facility located at 3563-3593 Timber Mill Parkway in Castle Rock. The borrower is Sound Capital. Arranged through one of Northmarq’s insurance company lending relationships, the financing provided a seven-term with 3.5 years of interest-only payments followed by a 30-year schedule with stepped down prepayment flexibility. The financing was part of a 1031 exchange for two nearly constructed industrial/warehouse buildings that are 100 percent occupied. Built in 2023, Castle Rock Industrial at The Meadows features two buildings on 13.6 acres totaling 157,870 square feet. The buildings feature 24-foot ceilings, 101 parking stalls, 30 docks, including 14 knockouts and 12 drive-ins for loading. The property is fully occupied under triple-net leases. Charles Cotsalas and Ernest DesRochers of Northmarq’s New York Area Debt + Equity team arranged the financing for the borrower.
DALLAS — Social Llama Events has signed a 50,508-square-foot industrial lease in West Dallas. The locally based experiential event design and production company will use the entirety of the space at 4919 Woodall St. for office, storage and fabrication purposes. Lena Thomas of Stream Realty Partners represented the landlord, Dallas-based developer M2G Ventures, in the lease negotiations. Social Llama was self-represented.
BEND, ORE. — Signal Ventures has obtained $15.5 million in construction financing for the development of Badger Road, Bend Self Storage, a ground-up self-storage facility located at 20130 Badger Road in Bend. Jonah Aelyon, Taylor Simian and John Williamson of JLL Capital Markets secured the loan through Live Oak Bank for Signal Ventures. Brian Somoza and Adam Roosien of JLL’s National Self Storage team handled the site transaction. The shovel-ready development will deliver 118,800 gross square feet with 92,584 net rentable square feet across 877 climate-controlled units.
MAMARONECK, N.Y. — Cushman & Wakefield has arranged a $28.2 million acquisition loan for a portfolio of six small-bay industrial buildings in Mamaroneck, located north of New York City in Westchester County. The square footage of the portfolio was not disclosed. John Alascio, T.J. Sullivan and Mitch Rothstein of Cushman & Wakefield originated the floating-rate loan through Sound Point Capital Management. The borrower was also not disclosed.
IRVING, TEXAS — Foundry Commercial, an Orlando-based development and brokerage firm, is underway on construction of an office-to-industrial conversion project in Irving. The address of the office building was not announced, but the new industrial facility will total approximately 110,000 square feet and will be known as Ridgepoint. Demolitions began in March. An expected completion date was not announced. Ridgepoint will be Foundry’s 10th office-to-industrial conversion overall and its sixth in the Dallas area.
SOUTHLAKE, TEXAS — AllTerra Central has signed a 22,413-square-foot industrial lease expansion and renewal in Southlake, located north of Fort Worth. The provider of surveying and mapping services now occupies the entire building at 545 Commerce St., which according to LoopNet Inc. was completed in 1996. Travis Smith of JLL represented the tenant in the lease negotiations. Jon Skidmore, Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial represented the landlord, Philadelphia-based Arden Group.
PHOENIX — ViaWest Group and Walton Street Capital have completed the disposition of 1450 East Buckeye Road, a fully leased industrial building in Phoenix, to Stonelake Capital Partners for an undisclosed price. Phil Haenel, Will Strong, Foster Bundy and Paul Boyle of Cushman & Wakefield’s Phoenix Industrial Private Capital Group represented the sellers and procured the buyer in the deal. Core & Main occupies the 39,360-square-foot property as a key distribution hub for its extensive piping division and operations. The building features ample loading doors, an efficient warehouse configuration, a large secured truck court and more than 1 acre of excess yard designed to support large-scale distribution and logistics. Additionally, the property’s infrastructure supports a range of industrial uses and offers flexibility for future tenant needs. The facility’s location on East Buckeye Road offers direct access to major transportation routes, including I-10 and State Route 202.
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