GURNEE, ILL. — Luxor Workspaces has expanded its warehouse operations to a newly built, 190,000-square-foot warehouse along I-94 in Gurnee. The move, which took place prior to the Thanksgiving holiday, was expected to create eight new jobs and enhance Luxor’s level of service to its Midwest customers. CenterPoint Properties developed the warehouse and Morgan/Harbour Construction served as general contractor. Sam Badger of CBRE represented Luxor in the search for the new property. Vivek Singla of CBRE served as Luxor’s tenant improvement project manager during the final buildout. Features of the distribution center include a clear height of 36 feet, 22 docks and a 7,000-square-foot office space with a conference room and break room. Waukegan, Ill.-based Luxor is a designer and manufacturer of workspace products.
DALLAS — Hines has acquired Inwood Trade Center, a 738,198-square-foot infill business park located in the North Trinity submarket of Dallas. The 14-building development is situated on 38 acres and located less than three miles from downtown and Uptown Dallas as well as Dallas Love Field Airport. The buildings were constructed between 1961 and 1978 and were 98 percent leased at the time of sale. Houston-based Hines will implement a value-add program to refresh the buildings’ façades, signage and landscaping. Omniplan is designing the repositioning, and Holt Lunsford Commercial will handle leasing of the upgraded spaces.
AUSTIN, TEXAS — Dallas-based investment firm Mohr Capital has purchased a 404,800-square-foot office and industrial portfolio in Austin for $100 million. The portfolio includes a 160,000-square-foot industrial building leased to Amazon and Uber and a four-building, 244,800-square-foot office facility leased to a mix of technology, government and healthcare tenants. JLL represented the seller, Zydeco Development, in the transaction. Boyd Messmann and Kyle Campbell represented Mohr Capital on an internal basis.
DORAL, FLA. – Miller Construction Co. has completed two buildings for Orlando-based Foundry Commercial, creating 318,043 square feet of industrial space within the Miami Central Commons business park. Located at 2301 NW 107th Ave. in Doral, 11 miles northwest of Miami, Building 1 contains showroom space and Building 2 contains industrial space. Foundry Commercial purchased the business park in 2017 and began the major demolition, renovation and expansion in fall 2018. Designed by RLC Architects, Buildings 1 and 2 provide 32-foot clear heights, 54-foot column spacing and a 60-foot speed bay. Puga & Associates served as mechanical, electrical and plumbing engineers, and Kimley-Horn served as civil engineer. Coral Gables, Fla.-based Fairchild Partners is the property’s exclusive leasing agent.
IRVING, TEXAS — The Meritex Co. has acquired Jetstar 114 Business Center, a three-building industrial complex totaling 84,080 square feet in Irving. Developed in 1999 by Jackson-Shaw, the buildings are situated adjacent to Dallas-Fort Worth (DFW) International Airport and feature 18-foot clear heights and both dock-high and drive-in loading platforms. The property was fully occupied at the time of sale. The seller was not disclosed.
HOUSTON — JUSDA Supply Chain Management Corp. has signed a 62,261-square-foot industrial lease in northwest Houston. The company will occupy Building 1 at 8801 Fallbrook Drive, which is owned by Liberty Property LP. Joshua Brown and Reggie Beavan III of Newmark Knight Frank represented the tenant in the lease negotiations.
FRANKLIN, N.J. — LG Electronics USA has signed a 925,000-square-foot industrial lease to occupy the entirety of Crow Holdings at Veronica Ave., a single-tenant property currently under construction in Franklin, located approximately 50 miles northwest of New York City. LG produces home and entertainment products, mobile phones, home appliances and commercial displays. The building will feature 40-foot clear heights, 170 trailer parking spots, 159 dock positions and four drive-in doors. Crow Holdings Industrial and The Carlyle Group acquired the site in early 2019 and began speculative construction soon after. The building is slated for completion in March 2020. Stan Danzig and Kimberly Bach of Cushman & Wakefield represented Crow Holdings Industrial.
ORANGE, CONN. — Angel Commercial LLC has brokered the $7.3 million sale of a 23.3-acre parcel zoned for industrial development in Orange, a western suburb of New Haven. The property is situated at 205 Indian River Road, adjacent to PEZ Manufacturing Inc.’s production facility and Interstate 95. A FedEx building is also under construction in the same area. The parcel was subdivided and sold to four different undisclosed buyers. Jon Angel of Angel Commercial represented the seller, Indian River Road LLC, in the transaction.
WESTHAMPTON BEACH, N.Y. — A partnership between Metro Storage LLC and Fremont Realty Capital has opened a 689-unit self-storage facility in West Hampton Beach on the eastern part of Long Island. The two-story facility, located at 105 Old Riverhead Road, offers 77,000 rentable square feet of climate-controlled space and features interior loading bays, elevators, security and a retail office. Metro Storage opened a 785-unit facility in Line Lexington, Pennsylvania at approximately the same time. The Westhampton Beach property is Metro’s 5th self-storage facility in New York
IRVING, TEXAS — Lee & Associates has negotiated a 335,480-square-foot industrial lease renewal at 9400 N. Royal Lane in Irving. According to LoopNet Inc., the rail-served property was built in 2004 and totals 447,400 square feet. Tom Walrich of Lee & Associates represented the tenant, supply chain operator KGP Logistics Co. Mitch Pruitt represented the landlord, Prologis, on an internal basis.