Industrial

Central-Commerce-Center-Salt-Lake-City-UT

SALT LAKE CITY — ViaWest Group and Clarion Partners have broken ground on Central Commerce Center, an industrial project in Salt Lake City. Big D Construction is serving as general contractor for the project. Spanning 25.1 acres, Central Commerce Center will feature two LEED-certified industrial buildings offering a total of 340,000 square feet of space. Rusty Bollow and Bobby Stevens of Colliers will oversee the property marketing and leasing of the facility.

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Peachtree-Distribution-Center-Mesquite

MESQUITE, TEXAS — California-based investment firm CapRock Partners has acquired Peachtree Distribution Center, a 396,750-square-foot warehouse located in the eastern Dallas suburb of Mesquite. Built in 2001, the cross-dock property features 31-foot clear heights, 66 dock-high doors, three drive-in doors, 120-foot truck court depths (expandable to 175 feet), an ESFR sprinkler system and roughly 12,700 square feet of office space. Randy Baird, Ryan Thornton, Jonathan Bryan, Eliza Bachhuber, Nathan Wynne and Elliott Dow of CBRE represented the undisclosed seller in the transaction. CapRock Partners plans to make capital improvements to the property, which was fully leased to three tenants at the time of sale.

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HOUSTON — Colliers has brokered the sale of an 81,500-square-foot industrial complex in northwest Houston. The six-building complex at 6002 W. 34th St. sits on 3.8 acres and was 95 percent leased at the time of sale. Jason Tangen and Paul Dominique of Colliers represented the seller, a local family that has owned and operated the park since its original construction in 1978. The name and representative of the buyer, as well as the sales price, were not disclosed.

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FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 12,000-square-foot industrial lease renewal at Riverbend Business Park in northeast Fort Worth. The development comprises 1.4 million square feet across 32 buildings. William Wilson and George Jennings of Holt Lunsford represented the landlord, Riverbend Properties, in the lease negotiations. The tenant was steel fabricator Patriot Erectors.

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McClellan-One-Newark

NEWARK, N.J. — A partnership between Creation, a developer with offices in Phoenix and Dallas, and J.P. Morgan Asset Management has received a $64 million construction loan for a 120,584-square-foot industrial project in Newark. The 10-acre site is adjacent to Newark Liberty International Airport and formerly served as a parking facility. The new building, which is fully preleased to Barsan Global Logistics, will be known as McClellan One and will feature 87 trailer parking stalls. Vertical construction will begin within the next 60 days, and completion is slated for February 2025. Los Angeles-based PCCP LLC provided the three-year, floating-rate loan.

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ELGIN, ILL. — The Junkluggers of Chicago NW Suburbs has signed a 12,250-square-foot industrial lease at 425 Airport Road in Elgin. The junk removal, recycling and reuse business is expanding and relocating from another space in Elgin. The front quarter of the building is set up as a showroom, which The Junkluggers will utilize for its resale business, ReMix Market. Chris Mergenthaler of DarwinPW Realty/CORFAC International represented the tenant, while Don Meyer of Showplace Realty represented the private landlord.

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ANDERSON, S.C. — Smurfit Kappa, a global paper-based packaging company, has purchased Building 1 at Evergreen 85 Logistics Park in Anderson, a city roughly 30 miles south of Greenville via I-85. Smurfit Kappa will be the sole occupant of the 258,801-square-foot facility, its first in South Carolina. The seller is Kansas City-based developer Hunt Midwest, which is developing the park adjacent to I-85. The park will span more than 1.7 million square feet of industrial space, with build-to-suit options available for buildings sized 200,000 to 1.1 million square feet. The design-build team for Evergreen 85 includes civil engineer Seamon Whiteside, architect LS3P and Evans General Contractors. Trey Pennington, Jeff Benedict and Tripp Speaks of CBRE represented Hunt Midwest in the transaction and will handle leasing for the remainder of the park.

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North-Dallas-Infill-Portfolio

DALLAS — Locally based investment firm Forefront Commercial Real Estate has purchased the North Dallas Infill Portfolio, a collection of four industrial buildings totaling 627,303 square feet in the Dallas area. The portfolio’s buildings, which are located in Addison, Farmers Branch and Carrollton, were fully leased to 13 tenants at the time of sale. Building features include 22- to 24-foot clear heights, front- and side-load configurations, 76 total dock high doors and over 77,000 total square feet of office space. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Taylor Hare and Chloie Mercer of Newmark represented the seller, AEW Capital Management, in the transaction.

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PLEASANTON, TEXAS — Colliers has brokered the sale of a 10,203-square-foot industrial building in Pleasanton, a southern suburb of San Antonio. The building sits on 9.6 acres at 495 Shale Road, and according to LoopNet Inc. was constructed in 2018 and features 22-foot clear heights. Todd Moore, Barkley Peschel and Connor Duffy of Colliers represented the undisclosed seller in the transaction. The buyer was also not disclosed. The building was fully leased to energy firm Baker Hughes at the time of sale.

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FORT WORTH, TEXAS — Restoration 1, which provides solutions for properties damaged by water, fire or mold, has signed a 10,060-square-foot industrial lease in North Fort Worth. The building at 13019 Harmon Road comprises six suites and features 25-foot clear heights. Jen Martin of TX Business Parks represented the landlord, an entity doing business as Harmon Condos LLC, in the lease negotiations. Richard Hitz of Bradford Commercial Real Estate Services represented the tenant.

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