Friday, July 11, 2025
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Industrial

AcquisitionsGeorgiaIndustrialSoutheast

Stonemont Financial Sells 234,133 SF Distribution Center in Braselton, Georgia

by John Nelson

BRASELTON, GA. — Stonemont Financial Group has sold Braselton Broadway 85, a 234,133-square-foot distribution center located at 1394 Broadway Ave. in Braselton, about 49 miles northeast of Atlanta. The facility, which was fully leased at the time of sale, sits on a 21.5-acre site along State Highway 124. Nuveen purchased Braselton Broadway 85 for an undisclosed price. Also in the metro Atlanta region, Stonemont Financial recently sold Chamblee International Logistics Park and is nearing completion on Stonemont Park 75 South in Locust Grove.

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AcquisitionsIndustrialTexas

Stream Realty Partners Brokers Sale of 60,486 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has brokered the sale of a 60,486-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 6450 Bingle Road was built on 3.6 acres in 1979 and features 18-foot clear heights, seven dock-high doors and 10,000 square feet of office space. Jack Rathe, Heath Donica and Tyler Maner of Stream Realty represented the seller, RAM Interests LP, in the transaction. Bill Ginder of Caldwell Cos. and Matt Catt of Kidder Matthews represented the buyer, an entity doing business as HS Property TX3 LLC.

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2115-S-16th-St-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

Industrial Outdoor Ventures Purchases 4.4-Acre Storage Site in Phoenix

by Amy Works

PHOENIX — Industrial Outdoor Ventures (IOV) has completed its seventh acquisition in Phoenix with the purchase of 2115 S. 16th St., a 4.4-acre site in Phoenix. Situated one mile from Sky Harbor International Airport, the site features six maintenance and office buildings totaling 33,266 square feet. The six structures offer high-clearance maintenance bays, lower clearance shop space, will-call areas and several dedicated offices. Currently the property is leased to Action Scaffolding, a regional construction support firm utilizing the site for equipment storage, scaffold fabrication and its headquarters, and Johnson Controls, a global building systems and HVAC company. Terms of the acquisition were not disclosed.

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AcquisitionsIndianaIndustrialMidwest

Marcus & Millichap Brokers $28M Sale of Carmel Tech Center in Metro Indianapolis

by Kristin Harlow

CARMEL, IND. — Marcus & Millichap has brokered the $28 million sale of Carmel Tech Center, a three-building, 209,056-square-foot industrial flex portfolio in the Indianapolis suburb of Carmel. The properties include 833-887 Carmel Drive, a 58,430-square-foot building constructed in 1988 and renovated in 2022; 12302-12388 Hancock St., a 74,074-square-foot building completed in 1988 and renovated in 2016; and 12202-12292 Hancock St., a 76,552-square-foot asset constructed in 1988 and renovated in 2004. Anchor tenants across the portfolio include Vantiva, Stryker Orthopaedics, Live Nation, Option Care Health, Securitas Technology, Snap One Partner Store and T2 Systems.  Julia Evinger of Marcus & Millichap represented the seller, a national commercial real estate investment and development company, and procured the buyer, a Midwest-based private commercial real estate investment company.

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DevelopmentIndustrialTexas

Box Investment Group Breaks Ground on 78,482 SF Industrial Project in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Local developer Box Investment Group has broken ground on a 78,482-square-foot industrial project in Arlington. Box 30/360 will feature 32-foot clear heights and 15 dock-high doors, as well as the ability to support a single or multiple users. Future tenants will also enjoy a 6,000-square-foot linear park amenity. Completion is scheduled for the fourth quarter.

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AcquisitionsIndustrialTexas

Stream Realty Partners Brokers Sale of 46,601 SF Industrial Building in North Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has brokered the sale of a 46,601-square-foot industrial building in North Houston. According to LoopNet Inc., the building at 6711 E. Highway 33 was built on 3.7 acres in 1976 and renovated in 2012. Tommy Erwin of Stream represented the buyer, Khowja Capital LLC, in the transaction. John Ferruzzo of KBC Advisors represented the seller.

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AcquisitionsIllinoisIndustrialMidwest

Colliers Brokers Sale of 429,623 SF Industrial Development in North Aurora, Illinois

by Kristin Harlow

NORTH AURORA, ILL. — Colliers has brokered the sale of Park 88 Logistics Center, a two-building industrial development totaling 429,623 square feet in North Aurora. Completed in 2024, the fully leased property is home to three tenants with a weighted lease term of 6.3 years. Park 88 Logistics Center is situated near the full four-way interchange at I-88 and Route 31. Jeff Devine, Steve Disse and Tyler Ziebel of Colliers represented the seller, TradeLane. Ares Management was the buyer.

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DevelopmentIndustrialMassachusettsNortheast

Marcus Partners Completes 430,000 SF Build-to-Suit Industrial Project in Amesbury, Massachusetts

by Taylor Williams

AMESBURY, MASS. — Regional developer Marcus Partners has completed a 430,000-square-foot industrial project in Amesbury, located north of Boston, that is a build-to-suit for air conditioning contractor Munters. The eco-friendly facility houses Munters’ desiccant dehumidification products and services and other climate control solutions for the North American market. About 350 people can work at the facility, which includes spaces for manufacturing, research and development, sales, service and administration.

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IndustrialLeasing ActivityMidwestOhio

Piping Rock Signs 408,767 SF Industrial Lease at Turnpike Commerce Center in Northeast Ohio

by Kristin Harlow

SHALERSVILLE, OHIO — Piping Rock, a global vitamin and supplement manufacturer, has signed a 408,767-square-foot industrial lease at Turnpike Commerce Center in Shalersville near Cleveland. The lease represents 40 percent of the 1 million-square-foot building’s space. Geis Cos. and Stonemont Financial Group own the newly constructed, Class A facility, which anchors a 470-acre industrial park. Joe Messina and David Stecker of JLL represented ownership in the lease. Fred Herrera and Fred Ragsdale of CBRE represented the tenant. Turnpike Commerce Center features a clear height of 40 feet, cross-dock configuration, 330 trailer spaces, 179 dock positions, 60-foot speed bays and 3,253 square feet of office space. The facility is located less than one mile from the Ohio Turnpike (I-80).

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ConnecticutIndustrialLeasing ActivityNortheastOffice

L’Amy America Signs 27,461 SF Industrial Lease Renewal in Shelton, Connecticut

by Taylor Williams

SHELTON, CONN. — L’Amy America has signed a 27,461-square-foot industrial lease renewal in Shelton, located in southern Connecticut’s Fairfield County. The provider of eyewear products also signed a 5,016-square-foot lease for its new office headquarters in Shelton at a site that is about a mile away from the warehouse. John Hannigan of locally based brokerage firm Choyce Peterson represented the tenant in both deals.

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