HOUSTON — Colliers has brokered the sale of Northwest Technical Center, an industrial complex in northwest Houston that according to LoopNet Inc. was built in 1975 and totals 32,442 square feet. Ben Condara and Jon Lindenberger of Colliers represented the undisclosed seller in the transaction. The buyer, local investment firm Pine Ridge Real Estate, plans to make both interior and exterior capital improvements to the property and has also retained Colliers as the leasing agent.
PERTH AMBOY, N.J. — Kurv, the industrial development and investment firm formerly known as Bridge Industrial, is underway on construction of a 471,231-square-foot project in the Northern New Jersey community of Perth Amboy. Kurv Perth Amboy III will feature a clear height of 40 feet, 69 exterior docks, two drive-in doors, 2,550 square feet of office space and parking for 243 cars and 120 trailers. The groundbreaking took place over the summer, and the space is expected to be available for occupancy early next year. CBRE is marketing the building for lease.
SHREWSBURY, MASS. — Philadelphia-based investment firm Equus Capital Partners has acquired Centech Park North, a 300,075-square-foot industrial development in Shrewsbury, located just outside of Worcester. Developed by NorthBridge Partners and completed in 2023, Centech Park North comprises two buildings totaling 195,975 and 103,500 square feet. The buildings feature clear heights of 36 feet and a combined 64 dock-high doors and four drive-in doors. The park was fully leased at the time of sale to tenants in industries such as life sciences, advanced manufacturing and commercial services. The sales price was not disclosed.
HUTTO, TEXAS — Blue Origin Enterprises, a private American aerospace manufacturer, defense contractor and spaceflight services company founded by Amazon founder Jeff Bezos, will invest approximately $554 million to develop Constellation Park, a 1.3 million-square-foot satellite and communications manufacturing campus located in Hutto, about 35 miles northeast of Austin. The facility is expected to create more than 2,000 jobs over 10 years. Constellation Park will be situated in the Hutto Crossing development, a 118-acre, multi-phase industrial and commercial development owned by Dallas-based Velocis, Austin-based Ironwood Realty Partners LLC and California-based MBK Industrial Properties. This project marks the first time Blue Origin is receiving money from outside investors, as reported by multiple sources. The space company received an $18.2 million grant through the Texas Enterprise Fund from Texas Gov. Greg Abbott’s office. Williamson County also unanimously approved local tax breaks and economic development agreements for Blue Origin’s investment. According to the Austin Business Journal, Blue Origin has committed to working with the Williamson County school district to develop paid high school internships and support career and technical education programs to give students a pathway to careers in aerospace and advanced manufacturing. “With this investment by Blue Origin, along with recent expansions by …
WHITELAND, IND. — Colliers has brokered the sale of Mohr Logistics Park Building 6, a 1.1 million-square-foot, single-tenant industrial facility located within the 475-acre Mohr Logistics Park in Whiteland, Indiana, just south of Indianapolis. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel of Colliers Institutional Industrial Advisors | Central represented the seller, Mohr Capital. The Dallas-based commercial real estate investment firm specializes in the acquisition, development and management of office, industrial, healthcare, hotel and retail properties. The buyer was not disclosed. Fully leased through August 2036 to Cummins Inc. — a global power technology company that designs, manufactures and services engines, power systems and related technologies — the property features a 40-foot clear height, 120 dock doors, four drive-in doors, 652 auto parking spaces, 270 trailer parking spaces and a 140-foot truck court. The facility provides convenient access to Cummins’ corporate and supply-chain presence throughout Indiana, including its headquarters in Columbus, Indiana, while also offering connectivity to Indianapolis International Airport, home to the world’s second-largest FedEx air hub. “The property’s location at the I-65 and Whiteland Road interchange provides immediate access to Indianapolis’ primary north-south distribution corridor and key regional transportation networks,” says Cantu. “Investors continue to target …
FORT WORTH, TEXAS — Dallas-based investment firm RAMROCK Real Estate has purchased Ridgmar Mall in West Fort Worth with plans to redevelop the site into an industrial park. The new property will be known as Ridgmar 30 Logistics Crossing and will feature six buildings totaling 930,960 square feet. RAMROCK has partnered with KBC Advisors and Lincoln Property Co. to assist with project planning, leasing and development execution. Additional details, including construction timing, will be shared as planning progresses.
FORT WORTH, TEXAS — Stonepeak, a New York-based alternative investment firm, has acquired a 860,100-square-foot industrial property in North Fort Worth. The address was not disclosed, but the property is located within the Alliance submarket and is served by rail lines, the BNSF Alliance intermodal terminal and the Fort Worth Alliance cargo airport. Newmark acted as Stonepeak’s financial advisor on the deal. The seller and sales price were also not disclosed.
HOUSTON — Texas-based investment firm Skywalker Property Partners has sold a 67,161-square-foot manufacturing building in South Houston. The building at 14211 Industry St., which was constructed in 1968, was fully leased at the time of sale to energy company AMACS. Chris Aguilar represented Skywalker in the transaction on an internal basis. Wes Cole and Nick Spearman of Pinemont Real Estate represented the buyer, Austin-based investment firm Freehill Co.
BENSALEM, PA. — A partnership between affiliates of regional owner-operator Endurance Real Estate and Boston-based Long Wharf Capital has purchased a portfolio of two industrial building totaling 110,883 square feet in Bensalem, a northern suburb of Philadelphia. The building at 3366 Marshall Lane totals 69,945 square feet and features a clear height of 21 to 29 feet. The building at 3350 Progress Drive totals 40,888 square feet and features a clear height of 18.5 feet. Pat Gilmore and Mike Borski of The Flynn Co. represented the undisclosed seller in the transaction. Endurance plans to implement capital improvements within the portfolio and has tapped Avison Young as the leasing agent.
WILMINGTON, MASS. — BRUNT Workwear has signed a 56,000-square-foot lease in the northern Boston suburb of Wilmington. The space is located within the property at 299- 301 Ballardvale St., which can support industrial, office and life sciences uses, and will serve as the apparel retailer’s new headquarters. Brian McKenzie and Christian Vallis of CBRE represented the landlord, a partnership between Camber Development and GEM Realty Capital, in the lease negotiations. Derek Losi and Nathaniel Heilbron of Cresa represented the tenant.
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