Industrial

NAI Horizon Arranges $31.5M Sale of Two-Property Self-Storage Portfolio in Metro Sacramento

by Amy Works October 15, 2018

FOLSOM AND ROSEVILLE, CALIF. — NAI Horizon has arranged the sale of a two-property self-storage portfolio located in metro Sacramento. Rohnert Park-based L.P.G. Associates sold the properties to Salt Lake City-based Extra Space Properties Two LLC for $31.5 million. The portfolio includes Folsom Parkshore Self-Storage at 185 Parkshore Drive in Folsom, and All Size Self-Storage at 1011 Foothills Blvd. in Roseville. The two assets total 165,920 net rentable square feet and feature 1,109 units. Denise Nunez and David Loui of NAI Horizon Self-Storage Team represented the seller in the deal.

October 15, 2018

Acquisitions Industrial Midwest Self-Storage Wisconsin

Marcus & Millichap Negotiates $9.5M Sale of Self-Storage Facility in Waukesha, Wisconsin

by Kristin Harlow October 15, 2018

WAUKESHA, WIS. — Marcus & Millichap has negotiated the sale of Goerkes Corners in Waukesha for $9.5 million. The 555-unit self-storage facility is located at 21300 Doral Road. Constructed in 2015, the property features both climate-controlled and non-climate-controlled units. Sean Delaney and Michael Mele of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also secured and represented the buyer, a limited liability company affiliated with Baron Properties in Denver.

October 15, 2018

Development Industrial Loans New Jersey Northeast Self-Storage

Bank OZK Provides $15.6M Construction Loan for Self-Storage Facility in Hillside, New Jersey

by David Cohen October 15, 2018

HILSIDE, N.J. — Bank OZK has provided a $15.6 million construction loan for Hillside CubeSmart, a 1,203-unit self-storage facility in Hillside. HFF represented the borrower, Quinlan Development Group, in the transaction. Terms of the financing were not disclosed. CubeSmart, one of the nation’s largest operators of self-storage facilities, will manage the property. The property is located at 591 North Union Ave.

October 15, 2018

Development Industrial Northeast Rhode Island

Retail Business Services Breaks Ground on Distribution Facility in Rhode Island

by David Cohen October 15, 2018

NORTH KINGSTOWN, R.I. — Retail Business Services has broken ground on a 200,000-square-foot protein packaging and distribution facility in North Kingstown. Infinity Meat Solutions will occupy the facility, where it will handle beef, pork and prepared meats. Cargill Protein will manage the site’s operations and workforce. The facility is expected to bring approximately 700 jobs to North Kingstown.

October 15, 2018

Development Industrial Self-Storage Texas

Jenkins Opens 815-Unit Self-Storage Facility in Frisco

by Taylor Williams October 15, 2018

FRISCO, TEXAS — The Jenkins Organization, a Houston-based self-storage owner, developer and manager, has opened Frisco Self Storage, an 815-unit facility located on the northern outskirts of Dallas. The 90,250-square-foot property features both climate- and non-climate-controlled space, as well as wine storage. The official opening was held in late September.

October 15, 2018

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap’s LeClaire Group Brokers Sale of 516-Unit Self-Storage Facility in Houston

by Taylor Williams October 15, 2018

HOUSTON — The LeClaire Group, a division of Marcus & Millichap specializing in self-storage properties, has brokered the sale of Nations Storage, a 516-unit facility located in northwest Houston. The 64,280-square-foot property features climate- and non-climate-controlled space. Dave Knobler and Charles LeClaire of The LeClaire Group represented the seller in the transaction. Other terms of sale were not disclosed.

October 15, 2018

Industrial Leasing Activity Texas

NAI Partners Negotiates 35,000 SF Industrial Lease in Metro Houston

by Taylor Williams October 15, 2018

SPRING, TEXAS — NAI Partners has negotiated a 35,000-square-foot industrial lease at 27347 W. Hardy Road in the northern Houston suburb of Spring. Darren O’Conor of NAI Partners represented the tenant, Installed Building Products of Houston LLC, in the lease negotiations. James Schuepbach and Lisa Nickel of Ryoak Real Estate Group represented the landlord, Giddy Up Development LLC.

October 15, 2018

Development Industrial Texas

Bob Moore Begins Construction of 55,000 SF Industrial Facility in Plano

by Taylor Williams October 12, 2018

PLANO, TEXAS — Bob Moore Construction has begun work on a 55,000-square-foot manufacturing and distribution facility in Plano for Signazon, an online retailer and supplier of signs, banners and marketing materials. The property includes an unspecified amount of office space. GFF Architecture designed the tilt-wall project, which is expected to be complete by early 2019.

October 12, 2018

Acquisitions Industrial New York Northeast

CBRE Brokers $54.5M Sale of Flex Facility on Long Island

by David Cohen October 12, 2018

MELVILLE, N.Y. — CBRE has brokered the $54.5 million sale of a flex facility in Melville on Long Island. Located at 235 Pinelawn Road, the 48-acre site is the former headquarters, newspaper production and distribution center of Newsday. CBRE represented the seller, Tribune Real Estate Holdings, in the transaction. The buyer was New Jersey-based real estate owner/developer Hartz Mountain, which plans to build an 800,000-square-foot high-bay logistics space on the property.

October 12, 2018

Acquisitions Industrial Michigan Midwest

Friedman Arranges Sale of 28,900 SF Industrial Building in Inkster, Michigan

by Kristin Harlow October 12, 2018

INKSTER, MICH. — Friedman Real Estate has arranged the sale of a 28,900-square-foot industrial building in Inkster, about 20 miles west of Detroit. The sales price was not disclosed. The property is located at 3000 Middlebelt Road. Phil Konopitski of Friedman represented the buyer, Abdul Saleh. Kodiak Properties was the seller. Tenants were not disclosed.

October 12, 2018

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