NEW YORK CITY — Natixis has provided a $30 million loan for the acquisition of a five-story self-storage facility in the Ft. Greene neighborhood of Brooklyn. The property is located at 202-208 Tillary St. Kathy Anderson and Brad Domenico of Progress Capital arranged the financing on behalf of borrowers Joy Construction and Maddd Equities. The new owners plan to continue self-storage operations while they evaluate potential redevelopment opportunities.
SHOREWOOD, ILL. — Developers HSA Commercial and Clarion Partners LLC have broken ground on Heartland Corporate Center in Shorewood, located just west of Joliet. The 757,880-square-foot distribution center will be located on a 46-acre site near the I-55 and I-80 interchange. The speculative project will feature a clear height of 36 feet, 108 truck docks and 240 car parking spaces. Tenant occupancy is slated for early 2019. Meridian Design Build is the general contractor. David Bercu and Matthew Stauber of Colliers International are handling lease-up of the property.
LAKE MARY, FLA. — NXT Capital has provided a $14 million loan for the acquisition of Innovation Center, a 563,000-square-foot warehouse located in Lake Mary. Chris Drew of HFF arranged the loan on behalf of the undisclosed borrower. Located roughly six miles west of Orlando Sanford International Airport, the property features a fully insulated warehouse ceiling, heavy power and storage for 40 to 50 trailers.
GARLAND, TEXAS — Digital Realty, a San Francisco-based data center REIT, will embark on a $400 million expansion of its data center campus in Garland, a northeastern suburb of Dallas. The project will add 16 acres to the original site at the intersection of Campbell Road and the George Bush Turnpike. The company’s Garland campus is being developed over a 20-year period in five phases, each of which will add about 280,000 square feet of space and operate at 32 megawatts of critical IT load. The first phase is expected to be operational by late 2021.
WESTCHESTER COUNTY, N.Y. — KeyBank has provided a $20.2 million CMBS loan for the Westchester Self Storage Portfolio, a two-facility portfolio in Westchester County. The two properties, known as Yorktown Self Storage and Bedford Self Storage, consist of 1,235 units and total 114,216 square feet. Each property includes gated entrances, security cameras and climate-controlled units. Jacob Proctor of KeyBank arranged the non-recourse, fixed-rate financing with a 10-year interest-only period for an undisclosed borrower. The loan was used to refinance existing debt.
TETERBORO, N.J. — Cushman & Wakefield has arranged the sale of a 616,992-square-foot industrial building in Teterboro. Goodman acquired the property for an undisclosed price. Situated on 27 acres, the building is climate controlled, has clear heights of up to 32 feet and includes cross-docking. Gary Gabriel, Adam Spies, Andrew Merin, David Bernhaut, Marcella Fasulo, Kyle Schmidt, and Ryan Larkin of Cushman & Wakefield represented the undisclosed seller in the transaction. At the time of sale, the building was fully net leased to an investment-grade tenant.
SANTA ANA, CALIF. — Shea Properties has started construction of Shea Business Center, an industrial park located on a former ITT site on Dyer Road in Santa Ana. Consisting of nine buildings, the development will feature a total of 500,000 square feet of Class A industrial space. Completion is slated for October 2019. The buildings will feature dock-high and ground-level loading doors, ESFR sprinklers, concrete truck courts, gas service to all buildings, potential private yards, ample power and 28-foot to 30-foot clear heights. Additionally, the site will feature drought-tolerant landscaping, bicycle racks, and enhanced outdoor patio areas, benches and pathways, as well as power for electric vehicles. John Griffin and Max Wang of Cushman & Wakefield are handling leasing for the project.
LOS ANGELES — DAUM Commercial Real Estate Services has brokered the sales of nine adjacent industrial properties totaling more than 145,000 square feet in Central Los Angeles. A private investor sold the properties to three separate buyers — an owner-user and two private investors — for a total of approximately $18.5 million. James Vu, Michael Collins and Ben Spinner of DAUM represented the seller in the transactions. Originally constructed in the 1950s and 1960s, the properties feature major street exposure, separate legal parcels with ample parking, and dock-high and grade-level parking. At the time of sale, the properties were 100 percent leased. The investment properties are located at 1177 E. 58th Drive, 1213-1217 E. 58th Drive, 1206 E. Slauson Ave., 1223 E. 58th Place, 1237 E. 58th Place, 1247 E. 58th Place, 1253 E. 58th Place, 1168-1202 E. 58th Place and 1206-1212-1220-1226 and 1232 E. 58th Place.
HOUSTON — Home furnishings and appliances retailer Conn’s HomePlus has signed a 656,658-square-foot lease to be the sole occupant of Central Green Distribution Center in north Houston. Liberty Property Trust is the owner of the center, which is situated on 36 acres near George Bush Intercontinental Airport. Building features include 36-foot clear heights, 133 dock doors and a 500-foot building depth. Rob Stillwell and Chris Malherbe of NKF Capital Markets represented Conn’s in the lease negotiations. Conn’s is based in The Woodlands, a master-planned community located north of Houston.
AUSTIN, TEXAS — The Jenkins Organization (TJO), a Houston-based developer and manager of self-storage properties, has purchased land in southeast Austin for the development of a 1,090-unit facility. Branded Bergstrom Storage, the Class A property will total 238,000 square feet and provide climate-controlled space, as well as storage space for boats and RVs. The facility, which will be located near the airport, is currently slated to open in November 2019.