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AcquisitionsIndustrialTexas

National Property Holdings Unveils Plans for 1.1 MSF Industrial Park in Katy, Texas

by Taylor Williams

KATY, TEXAS — Regional developer National Property Holdings has unveiled plans for a roughly 1.1 million-square-foot industrial park in the western Houston suburb of Katy. Katy Prairie Business Park will be developed in two phases, each of which will comprise a single building that will be able to support manufacturing and logistics users. The Phase I building will total 402,480 square feet, and the Phase II building will total 680,940 square feet. Building features will include 36- and 40- foot clear heights, ESFR sprinkler systems, onsite trailer parking and “flexible” configurations. CBRE has been tapped as the leasing agent for Katy Prairie Business Park. A construction timeline was not announced.

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AcquisitionsFloridaIndustrialSoutheast

Merritt Properties Acquires 11-Building Industrial Park in Jacksonville

by Abby Cox

JACKSONVILLE, FLA. — Merritt Properties has acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park located in Jacksonville’s Butler corridor near the Florida East Coast Railway. According to the Jacksonville Business Journal, Merritt Properties purchased the campus for $89.8 million. This latest office park acquisition marks Merritt’s first major transaction after receiving a $750 million investment led by Centerbridge Partners to boost its long-term growth strategy. Royce Rose and Justin Rabin of CBRE represented the seller, Plymouth REIT, in the transaction. Spencer Cummings and Cassidy Bergstrom led Gunster’s legal team in representing Merritt Properties. Situated at 4801-6631 Executive Park Court, Center Point Business Park was 99 percent leased at the time of sale to 35 tenants. The property features 18- to 22-foot clear heights, rear-load configurations, dock-high loading, concrete tilt-wall construction, 107 dock doors and 1,005 parking spaces. On average, tenant spaces are approximately 15,100 square feet. In addition to its existing portfolio, Merritt owns land at Imeson Landing Business Park and Oakleaf Commerce Center in Jacksonville, where future light industrial development is planned.

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IndustrialLoansTexas

IPA Arranges $15.4M in Financing for Dallas Industrial Property

by Taylor Williams

DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged $15.4 million in financing for a 60,159-square-foot industrial property in Dallas. The address was not disclosed, but the property is leased to PREP, an operator of shared commercial kitchen spaces. Frank Montalto and Ethan Splan of IPA arranged the five-year loan, which carried a 75 percent loan-to-value ratio, through an undisclosed local credit union. The borrower was also not disclosed.

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DevelopmentIndustrialSouth CarolinaSoutheast

Chesterfield Breaks Ground on Industrial Development in Blythewood, South Carolina

by Abby Cox

BLYTHEWOOD, S.C. — Chesterfield has broken ground on Carolina Pines International Commerce Center, a planned industrial development located about 18 miles north of Columbia. Carolina Pines International Commerce Center is designed for industrial, manufacturing and logistics use, specifically marketed to attract suppliers and operations supporting the nearby Scout Motors’ $2 billion Blythewood electric vehicle manufacturing facility. Building 1, which will total approximately 162,176 square feet, will include 32-foot clear heights, 35 dock doors, 49 trailer parking spaces, 107 car parking spaces, 7-inch concrete floor slabs and a 3,000-amp power supply. Building 1 is expected to be delivered in the first quarter of 2027. Building 2 is planned as a 212,420-square-foot speculative building. Further details of the project were not disclosed.

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AcquisitionsIndustrialNew YorkNortheastSelf-Storage

Joint Venture Acquires 555-Unit Self-Storage Facility in Syosset, New York

by Taylor Williams

SYOSSET, N.Y. — A joint venture between Boston-based investment firm The Davis Cos. and operator GoodFriend Storage has acquired a 555-unit self-storage facility in the Long Island community of Syosset. The facility at 475 Underhill Blvd. comprises 40,344 net rentable square feet of space across two floors and 467 units, as well as 88 boat and RV storage spaces. In addition, the site can support about 34,000 square feet of expansion. The seller and sales price were not disclosed.

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AcquisitionsIndustrialNew JerseyNortheast

CBRE Arranges Sale of 29,336 SF Industrial Building in Avenel, New Jersey

by Taylor Williams

AVENEL, N.J. — CBRE has arranged the sale of a 29,336-square-foot industrial building in the Northern New Jersey community of Avenel. The building sits on a 4.3-acre site at 190 Homestead Ave. and includes six drive‑in doors, two loading docks and newly renovated office space. Liam McGregor, Elli Klapper, Mark Silverman and Brian Fiumara of CBRE represented the buyer, Jadian IOS (Industrial Outdoor Storage), in the transaction. The seller was Chicago-based CenterPoint Properties.

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AcquisitionsIndustrialMidwest

MAG Capital Partners Sells 1.4 MSF Midwest Industrial Portfolio for $89M

by Kristin Harlow

DALLAS — MAG Capital Partners has sold a 1.4 million-square-foot, net-leased industrial portfolio in the Midwest for roughly $89 million. Fundamental Income Properties, a wholly owned subsidiary of Starwood Property Trust, purchased the six-property manufacturing portfolio. John Dehn and Eric Wood of MAG Capital Partners worked on the disposition.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Negotiates Sale of 165-Unit Self-Storage Facility in Mansfield, Texas

by Taylor Williams

MANSFIELD, TEXAS — Marcus & Millichap has negotiated the sale of Premium Storage, a 165-unit self-storage facility in Mansfield, located southeast of Fort Worth. The facility offers 12 climate-controlled units, 107 covered parking spaces and 46 uncovered parking spaces for a total of 47,891 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a local owner-operator, in the transaction, and procured the buyer, a Midwest-based investment group. Both parties requested anonymity.

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AcquisitionsIndustrialTexas

Partners Brokers Sale of 14,572 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON —Partners Real Estate has brokered the sale of a 14,572-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 5414 Larkin St. was originally constructed in 1983. Wyatt Huff and Hunter Stockard of Partners represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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DevelopmentFloridaSelf-StorageSoutheastVirginia

Space Shop Underway on Three Self-Storage Properties in Florida, Virginia Totaling 2,088 Units

by John Nelson

ATLANTA — Space Shop Self Storage has three self-storage properties underway in Florida and Virginia totaling 2,088 units. With these projects, the Atlanta-based firm is nearing 80,000 units under management across more than 100 facilities. The newly announced properties include a 715-unit facility located at 134 Mason Ave. in Holly Hill, Fla.; a 668-unit property at 480 Cogan Drive SW in Palm Bay, Fla.; and a 705-unit facility located at 10265 Lakeridge Parkway in Glen Allen, Va. The projects span a combined 297,000 square feet and represent a total investment of $40 million. Space Shop plans to deliver all three properties in spring 2027.

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