LAREDO, TEXAS — Atlanta-based investment firm MDH Partners has acquired a 129,301-square-foot industrial building in the South Texas city of Laredo. Built in 2000 within Milo Industrial Park, the single-tenant, rail-served facility at 302 Grand Central Blvd. features 44 dock-high doors and 47 trailer parking stalls and was fully leased at the time of sale to an affiliate of German logistics company DHL Supply Chain. Craig Tomlinson of Northmarq represented the undisclosed seller in the transaction. Makenna Barbara represented MDH Partners on an internal basis.
FRISCO, TEXAS — Lee & Associates has negotiated a 32,375-square-foot industrial lease in Frisco, located north of Dallas. The tenant is Austin-based energy storage company Base Power Inc. The building at 15691 FM 423 is one of three within Frisco Trade Center, a 581,256-square-foot development owned by Dallas-based Dalfen Industrial. Brett Lewis, Taylor Stell and George Tanghongs of Lee & Associates represented the landlord in the lease negotiations.
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $10.7 million sale of a 90,000-square-foot vacant industrial building in The Bronx. The four-story facility at 425 Devoe Ave. features 60,000 square feet of above-grade space and 30,000 square feet of below-grade space and includes covered truck-level loading docks and four drive-in doors. Jason Gold, Sean Kelly and Daniel Mahfar of Ariel the seller, Abingdon Square Partners, in the transaction. The buyer was MADDD Equities.
COLUMBUS, OHIO — JLL Capital Markets has arranged a $155 million construction loan for Buckeye Yards, a four-building industrial development totaling 1.8 million square feet in Columbus. The project is being developed on a former rail yard site west of downtown Columbus. The first phase of the master-planned development will encompass 153 acres of logistics and distribution space. Danny Kaufman, Lucas Borges, Brian Walsh, Michael Gurwin and Emma Berner of JLL worked on behalf of the borrower, Xebec and its institutional capital partner, to secure a loan through Oxford Properties. Buckeye Yards is the redevelopment of a former Norfolk Southern rail yard into a large-scale logistics campus. Upon completion, the first phase will feature four buildings ranging from approximately 205,000 square feet to more than 910,000 square feet. The development will include both rear-load and cross-dock configurations, clear heights ranging from 36 to 40 feet, 349 dock doors, 1,180 automobile parking spaces and 477 trailer parking stalls. The property will benefit from a 10-year tax abatement structure.
CUDAHY, WIS. — Briohn Building Corp. has broken ground on a 112,500-square-foot industrial facility for developer Twelve2 in Cudahy. The precast concrete building, located at 5030 S. Pennsylvania Ave., will feature 104,000 square feet of warehouse space along with office space and is planned to support around 60 jobs once operational. Frontera Worldwide, a logistics company based in Cudahy, has signed on as the building’s tenant. Completion is slated for spring 2027.
TAMPA, FLA. — A joint venture between Creation and PCCP has begun construction on 301 Exchange, a three-building, 330,000-square-foot industrial park located on Tampa’s east side. The 51-acre park will be situated at the intersection of U.S. Highway 301 and East Sligh Avenue, roughly two miles from I-4. 301 Exchange will comprise three rear-load buildings featuring 32-foot clear heights. The project team, including design-build firm LGE Design Build, plans to deliver the park by the end of 2027. The project represents the first development in Florida for Creation.
HALETHORPE, MD. — MacKenzie Commercial Services has brokered the $11.5 million sale of a 105,732-square-foot warehouse located at 4665 Hollins Ferry Road in Halethorpe, a suburb in Baltimore County. The buyer, VeryBest Wholesales, is relocating to the single-story warehouse from another location in Jessup, Md. Saver Automotive Products is the seller of the Halethorpe facility, which was delivered in 1972 and sits adjacent to I-895. Matthew Curran and Andrew Meeder of MacKenzie Commercial brokered the transaction.
SPRINGTOWN AND AZLE, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of two self-storage facilities totaling 950 units in Springtown and Azle, both of which are located northwest of Fort Worth. The Springtown & Azle Storage Portfolio spans 150,980 net rentable square feet of space across more than 15 acres. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a DFW-based, family-owned partnership, in the transaction and procured the buyer, an entity doing business as 10 Federal. The same buyer recently purchased the 359-unit KO Storage facility that is also located in Azle.
MISSOURI CITY, TEXAS — Chicago-based owner-operator Logistics Property Co. has broken ground on a 217,758-square-foot industrial project in Missouri City, a southwestern suburb of Houston. The project will be the seventh building to be constructed within the 98-acre CityPark Logistics Center and is a build-to-suit for Standex GRID/Amran Instrument Transformers. Building features will include a cross-dock configuration, 32-foot clear heights and “ample” car and trailer parking. Powers Brown Architecture designed the project, and Burton Construction is serving as the general contractor. Pape Dawson is the civil engineer. Completion is slated for the second quarter of next year. Steve King and Wesley King of CBRE represented the tenant in the lease negotiations for Building 7. Beau Kaleel and Brooke Swerdlow of Cushman & Wakefield, along with internal agents Aaron Martell, Mark Redlingshafer and Wilson Goode, represented ownership.
LEWISVILLE, TEXAS — Lee & Associates has negotiated an 87,730-square-foot industrial lease in the northern Dallas suburb of Lewisville. The space is located within Building B of First Park 121, a six-building, 1.2 million-square-foot development. Adam Graham of Lee & Associates represented the tenant, Oh My Mahjong, in the lease negotiations. Mark Graybill, also with Lee & Associates, represented the landlord, Chicago-based REIT First Industrial Realty Trust.
Newer Posts