Industrial

ADAIRSVILLE, GA. — JLL has arranged a 691,667-square-foot, full-building lease at International Commerce Center, an industrial facility located northwest of Atlanta in Adairsville. The tenant is Pactra USA Inc., a third-party logistics firm and the U.S. subsidiary of South Korean company Pactra. Ben Pridemore and Ryan Hoyt of JLL represented the tenant in the lease negotiations. Matt Wirth and Scott Plomgren of BroadPoint Partners represented the landlord, Houston-based Welcome Group. International Commerce Center features 40-foot clear heights, 124 dock-high doors, four drive-in doors, 190-foot truck courts, 388 auto parking spaces and 254 trailer parking spaces. The property includes proximity to the I-75 corridor and the Appalachian Regional Port.

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FORT WORTH, TEXAS — Nestle USA has signed a 524,252-square-foot industrial lease renewal in North Fort Worth. The U.S. affiliate of the Swiss foodmaker will continue its operations at its namesake distribution facility at 13600 Independence Parkway for an unspecified term. David Eseke with Cushman & Wakefield represented the tenant in the lease negotiations. Matt Carthey of Holt Lunsford Commercial represented the landlord, Clarion Partners.

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FORT WORTH, TEXAS — Locally based brokerage firm LanCarte Commercial has arranged the sale of a 47,000-square-foot industrial portfolio in Fort Worth. The portfolio comprises two buildings that are located at 4608 Fairlane Ave. and 4700 S. Edgewood Terrace. Finn Wilson and Sarah LanCarte of LanCarte Commercial represented both the undisclosed seller and the buyer, Faropoint, in the transaction. LanCarte has also been retained as the buildings’ leasing agent.

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Eastpoint-at-Exit-8A-Monroe-Township-New-Jersey

MONROE TOWNSHIP, N.J. — CBRE has brokered the sale of Eastpoint at Exit 8A, a 450,330-square-foot industrial building in Monroe Township, located in Central New Jersey. Built in 2018, the facility features a cross-dock configuration, clear height of 36 feet and 11,000 square feet of office space. Brian Fiumara and Brad Ruppel of CBRE represented the seller, Morgan Stanley, in the transaction, and procured the buyer, Property Reserve Inc. The building was fully leased at the time of sale to Iron Mountain Information Management.

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2121-Wheatsheaf-Lane-Philadelphia

PHILADELPHIA — JLL has arranged a $46 million loan for the refinancing of a 287,218-square-foot industrial facility in northeast Philadelphia. The facility sits on a 21.3-acre site at 2121 Wheatsheaf Lane and features a clear height of 40 feet, 36 dock doors, two drive-in doors and parking for 65 trailers and 258 cars. An undisclosed life insurance company provided the three-year, fixed-rate loan to the owner, Greek Real Estate Partners, which broke ground on the facility in late 2023.

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MINNEAPOLIS AND MILWAUKEE — JLL Capital Markets has brokered the $50.5 million sale and secured acquisition financing for the Midwest Distribution Portfolio, a collection of four industrial properties totaling 608,316 square feet across the Minneapolis and Milwaukee metro areas. The fully occupied portfolio includes a 265,516-square-foot distribution center in Lino Lakes, Minn., two buildings totaling 141,750 square feet in Pewaukee, Wis., and a 201,050-square-foot complex in Milwaukee adjacent to the airport. The properties are home to nine tenants across sectors such as merchant wholesalers, apparel, motor freight distribution and air freight services. The facilities feature clear heights ranging from 22 to 30 feet with more than 70 loading positions. Colin Ryan, David Berglund and Ed Halaburt of JLL, along with Tom Shepherd of Colliers represented the seller, Biynah Industrial Partners. Matthew Schoenfeldt and Lucas Borges of JLL arranged the financing.

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SurePoint-The-Woodlands

THE WOODLANDS, TEXAS — SurePoint Development, a San Antonio-based self-storage owner-operator, has broken ground on an 861-unit facility in The Woodlands, about 30 miles north of Houston. The site is located near the intersection of Six Pines Drive and Lake Front Circle within The Woodlands Town Center, and the property will feature 90,000 net rentable square feet of climate-controlled space. ExtraSpace Storage will manage the facility, which will be SurePoint’s 10th in the Houston area and is expected to be complete in spring 2027.

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4715-Mountain-Creek-Parkway-Dallas

DALLAS — Premier PV, a provider of solar photovoltaic products and services, has signed a 265,400-square-foot industrial lease in southwest Dallas. According to LoopNet Inc., the building at 4715 Mountain Creek Parkway was built in 2004, renovated last year and features 34.5-foot clear heights and six acres for future expansion or outdoor storage.Canon Shoults, Keaton Brice, Maddy Coffman and John Gorman of Holt Lunsford Commercial represented the landlord, CanTex Capital, in the lease negotiations. Jake Wilson of Site Selection Group represented the tenant.

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PHILADELPHIA — North Palisades Partners, a California-based investment firm, has purchased a portfolio of two self-storage facilities in the Northern Liberties neighborhood of Philadelphia. The properties are located at 40 Spring Garden St. and 510 N. Christopher Columbus Blvd. and total 199,288 net rentable square feet of space. The portfolio also includes 6,907 square feet of retail space. The seller and sales price were not disclosed. One property was roughly 90 percent occupied at the time of sale, and the other is in lease-up. Extra Space Storage will manage the facilities.

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349-389-New-Brunswick-Ave.-Rahway-New-Jersey

RAHWAY, N.J. — Cushman & Wakefield has arranged a $56 million construction loan for a 277,818-square-foot industrial project in the Northern New Jersey community of Rahway. The 25.6-acre development will consist of two buildings totaling 201,616 and 76,202 square feet. Building features will include clear heights of 40 feet, 49 dock doors, three drive-in doors and parking for 230 cars and six trailers. John Alascio, Chuck Kohaut and T.J. Sullivan of Cushman & Wakefield arranged the loan through BMO on behalf of the developer, a partnership between Sagard Real Estate and Woodmont Industrial Partners.

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