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Industrial

310-Rock-Springs-Dr-Las-Vegas-NV
AcquisitionsIndustrialNevadaSelf-StorageWestern

Buchanan Street Partners Acquires 917-Unit Self-Storage Facility in Las Vegas

by Amy Works

LAS VEGAS — Newport Beach, Calif.-based Buchanan Street Partners has acquired a newly constructed self-storage facility located at 310 Rock Springs Drive in Las Vegas. The project’s developer sold the asset for $21.8 million in an off-market transaction. Totaling 103,570 square feet, the three-building property offers 917 self-storage units. The Class A facility features a mix of interior climate-controlled units and drive-up access options spread across three-story buildings. Buchanan acquired the property at certificate of occupancy upon construction completion. The company is an active self-storage investor throughout the Western United States, including recent transactions in California and Arizona.

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AcquisitionsIndustrialWashingtonWestern

Realterm Expands Final-Mile Industrial Portfolio, Buys Truck Terminal in Tacoma, Washington

by Amy Works

TACOMA, WASH. — Realterm, an independent global investment manager focused on the transportation industry, has acquired 1955 Lincoln Avenue, a truck terminal in Tacoma. Terms of the transaction were not released. The purchase represents Realterm’s ninth high flow through (HFT) industrial property in the greater Seattle/Tacoma region. The property includes an 8,600-square-foot warehouse and 1,100 square feet of office space situated on 2.4 acres of fully paved, lit and secured land. The truck terminal features 29 dock doors with a grade-level loading ramp, as well as additional space for trailer parking. The asset is located in the Port of Tacoma’s Heavy Haul Industrial Corridor, which permits vehicles weighing up to 98,000 pounds. The location offers immediate access to the Port of Tacoma shipping terminals and the Union Pacific Intermodal facility.

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DevelopmentIllinoisIndustrialMidwest

Mapletree to Build 276,000 SF Logistics Facility in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — Singapore-based Mapletree Investments has acquired an 18.1-acre site on Vetter Road in Joliet with plans to build a 276,000-square-foot logistics facility. Situated along the I-80 and I-55 interchange, the site offers convenient access to the Joliet Intermodal Center, which is comprised of the Union Pacific Joliet Intermodal Terminal and BNSF Joliet Intermodal Terminal. Sean Henrick of Cushman & Wakefield represented Mapletree in the land acquisition. Henrick and colleague Jason West will market the project for lease. Mapletree’s Chicago industrial portfolio comprises 65 assets totaling approximately 10.3 million square feet.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Lee & Associates Negotiates 44,458 SF Industrial Lease in Glenview, Illinois

by Kristin Harlow

GLENVIEW, ILL. — Lee & Associates of Illinois has negotiated a long-term lease for a 44,458-square-foot industrial building located at 1870 Elmdale Ave. in the Chicago suburb of Glenview. Jeff Janda, John Cassidy and Brad Simousek of Lee & Associates represented the owner, DRA Advisors. Nick Schurer of Vestian Global Workplace Services represented the tenant, Lakeshore Academy Gymnastics North. The property marks the gymnastic school’s third location.

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AcquisitionsIndustrialMidwestWisconsin

NAI Pfefferle Brokers Sale of 21,000 SF Flex Industrial Building in Oshkosh, Wisconsin

by Kristin Harlow

OSHKOSH, WIS. — NAI Pfefferle has brokered the sale of a 21,000-square-foot flex industrial building located at 2080 W. 20th Ave. in Oshkosh. The sales price was undisclosed, but the asking price was $1.6 million. John Roberts of NAI Pfefferle brokered the transaction. Buyer and seller information was not provided.

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IndustrialLeasing ActivityNew YorkNortheast

Rivian Automotive Signs 41,000 SF Industrial Lease in Woodbury, New York

by Taylor Williams

WOODBURY, N.Y. — Rivian Automotive has signed a 41,000-square-foot industrial lease in the Long Island community of Woodbury. The electric vehicle maker is taking space at Crossways Logistics Center, a newly built, 145,200-square-foot facility, for its first Long Island service center. Nicholas Gallipoli, Frank Frizalone and Thomas DeLuca of Cushman & Wakefield represented the landlord, Rockefeller Group, in the lease negotiations. Roberto Rhett of GoodSpace NYC represented Rivian.

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ArizonaDevelopmentIndustrialWestern

Brinkmann Constructors, Scannell Properties Complete 150,000 SF Manufacturing Facility in Mesa, Arizona

by Amy Works

MESA, ARIZ. — Brinkmann Constructors, in partnership with Scannell Properties, has completed an industrial manufacturing build-to-suit facility in Mesa for Super Radiator Coils. The Minnesota-based company specializes in heat exchanger manufacturing and will use the facility to consolidate and expands its local operations. The 150,000-square-foot property features 45,000 square feet of Class A office space, 130,000 square feet of fully conditioned manufacturing floor space, 11 gantry crane systems, multiple gas process piping systems and a black ops assembly area with a cleanroom. Ware Malcomb served as architect for the project.

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AcquisitionsCaliforniaIndustrialSelf-StorageWestern

Colliers Arranges $6.5M Sale of Hannigan’s Mini Storage Facility in Hollister, California

by Amy Works

HOLLISTER, CALIF. — The De Jong | Becher Self Storage Team at Colliers has arranged the sale of Hannigan’s Mini Storage facility in Hollister. Mechanics Banks, as trustee for the John A Maki Trust, sold the asset to National Storage Affiliates for $6.5 million. Located at 180 San Felipe Road, the fully stabilized self-storage facility features 330 units in 29,926 rentable square feet. The property will transition to Right Space Storage management and branding at close.

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IndustrialLeasing ActivityOfficeTexas

Bradford Secures 10,202 SF Lease at Industrial Flex Property in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Locally based brokerage firm Bradford Commercial Real Estate Services has secured a 10,202-square-foot lease at 2155 Chenault Drive, and industrial flex property in the northern Dallas metro of Carrollton. The tenant, software company SIMStation, is relocating its U.S. headquarters from Miami to the 74,402-square-foot Avion Business Center. Jason Finch and Justin Greenwood of Bradford represented the landlord in the lease negotiations. Jessica Reinhardt of Lee & Associates represented the tenant.

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Holzknecht-Pull-Quote
Data CentersIndustrialTop Stories

Blackstone Provides $925M Debt Facility for Data Center Owner-Operator Colovore

by Taylor Williams

NEW YORK CITY — Private equity giant Blackstone Inc. (NYSE: BX) has provided a $925 million debt facility for Colovore, a data center owner-operator that is back by New York City-based alternative investment firm King Street Capital Management. California-based Colovore will utilize the capital to fund development of new data centers around the country that will be purpose-built to support artificial intelligence (AI) initiatives and infrastructure. According to Colovore, the company’s liquid-cooled facilities are designed from the ground-up to support the intense demands of modern AI chips, offering high per-cabinet cooling densities and smaller physical footprints. The company also said that new data centers stemming from the Blackstone credit facility will be located in “metro edge” markets. A subsequent statement from Sean Holzknecht, Colovore’s president and co-founder, stated that the first wave of new data center developments stemming from the Blackstone credit facility would include projects in the Reno, Chicago and Austin areas. “As AI infrastructure shifts rapidly toward highly distributed, inference-driven workloads, we remain focused on building the national backbone for this next phase — scalable, liquid-cooled data center platforms purpose-built for edge and core inference,” said Holzknecht. “With more than a decade of experience in liquid cooling, Colovore …

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