FORT WORTH, TEXAS — Google has signed a 1.1 million-square-foot industrial lease in Fort Worth, according to reports from multiple news outlets, including Dallas Morning News and the Dallas Business Journal. The latter publication reports that the building is located within Majestic Silver Creek Business Park, a 520-acre development on the city’s west side that is owned by California-based Majestic Realty. The DBJ also reports that the deal is part of a larger initiative in which the California-based tech giant pledged to invest $1 billion in Texas markets to support its cloud infrastructure and data center operations.
JACKSONVILLE, FLA. — CBRE Capital Markets’ Debt & Structured Finance team has secured a $61.3 million loan for Florida Gateway Logistics Park – Building 800, a new 1 million-square-foot warehouse located at 9909 Pritchard Road in Jacksonville. Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of CBRE’s Atlanta office arranged the loan through KKR on behalf of the borrower, Dallas-based Hillwood Investment Properties. Other teams of the financing were not disclosed. Built in 2023, the warehouse sits on 52 acres and is fully leased to an undisclosed third-party logistics company. The cross-dock building features 40-foot clear heights, 290 trailer spaces and 511 auto parking spots. Building 800 is situated within Florida Gateway Logistics Park, which at full build-out will span 3.1 million square feet across seven buildings.
MCDONOUGH, GA. — Atlanta-based tire manufacturer Kumho Tire USA has fully leased 210 Interstate South Drive, a 428,160-square-foot cross-dock industrial facility located in the south Atlanta suburb of McDonough. Price Weaver and Hooper Wilkinson of Colliers represented the tenant in the lease negotiations. Bob Currie, Brad Pope, Reed Davis and Hannah Dillard of JLL represented the landlord, Dermody Properties. The distribution center is located less than one mile from I-75 and 24 miles from Hartsfield-Jackson Atlanta International Airport. The facility features 28-foot clear heights, 101 dock-high doors, 147 trailer storage spaces and ESFR sprinklers. The property was built in 2000, according to LoopNet Inc.
ELK GROVE VILLAGE, ILL. — Transportation company Midwest Express has signed a 40,320-square-foot, full-building industrial lease at 1850 Arthur Ave. in the Chicago suburb of Elk Grove Village. The property features 24 exterior docks and 29 trailer spots. Chris Nelson of Lee & Associates represented the owner, RREEF America. Calvin Gunn of Lee & Associates represented the tenant, which is relocating from Mount Prospect.
COMMERCE TOWNSHIP, MICH. — Dominion Real Estate Advisors LLC has negotiated the sale of a 10,400-square-foot industrial building located at 3170 Walnut Lake Court in Commerce Township, a northwest suburb of Detroit. David Giltner of Dominion represented the undisclosed seller. David Wax of Burger & Co. represented the buyer, Valleyoak One LLC, which will operate a software company doing business as Brilliant Systems at the property. The sales price was undisclosed.
SACRAMENTO, CALIF. — CBRE has arranged the sale of an industrial building located at 600-610 Sequoia Pacific Blvd. in Sacramento. Henderson Enterprises LP sold the asset to an undisclosed buyer for $5.8 million. WCP Solutions, a wholesale distributing company, occupies the entire 58,160-square-foot building. Situated on three acres, the property offers 22-foot clear heights, eight dock-high doors and two grade-level doors, as well as 6,880 square feet of office space. Matt Post, Todd Sanfilippo, Anthony DeLorenzo, Sammy Cemo and Nick Williams of CBRE represented the seller in the deal.
HOUSTON — Locally based firm Avera Cos. will develop a 401,154-square-foot industrial project in southeast Houston. Avera Baywood will be a front-load building that will be situated on a 34-acre site west of the Houston Ship Channel. Building features will include 36-foot clear heights, oversized truck courts and an ESFR sprinkler system. Completion of the project, which will be Avera’s 12th development in the southeast Houston submarket, is slated for late 2025.
ARLINGTON, TEXAS — NAI Robert Lynn has negotiated a 36,450-square-foot industrial lease in Arlington. According to LoopNet Inc., the property at 634-640 107th St. was built in 1974, renovated in 2018 and totals 72,900 square feet. Joe McLiney of NAI Robert Lynn represented the tenant, custom metal sheet fabricator Send Cut Send, in the lease negotiations. Michael Stanzel, also with NAI Robert Lynn, represented the landlord, an entity doing business as SL Project Texas LP.
SURPRISE, ARIZ. — Dallas-based Mohr Capital has completed the development of West Summit at Surprise, a Class A industrial project in Surprise. Situated on almost 47 acres within Summit Business Park, West Summit at Surprise offers 707,380 square feet across two Class A buildings, including the 453,960-square-foot Building 1 with 36-foot clear heights and 250,512-square-foot Building 2 with 32-foot clear heights. Each building offers 2,500 square feet of speculative office space, 50- by 56-foot column spacing, 3,000 amps of power, LED lighting, ESFR sprinklers, 60-foot speed bays and secured truck courts. Combined the properties provide 157 dock-high and eight grade-level doors and can accommodate parking for 706 automobiles and 225 trailers. Additionally, Building A offers rail capability to BNSF. Anthony Lydon, John Lydon and Kelly Royle of JLL will serve as leasing brokers for West Summit at Surprise.
AUBURN, WASH. — Schnitzer Properties has purchased White River Corporate Park, a 230,575-square-foot, four-building industrial park in Auburn. With this acquisition, Schnitzer Properties owns and manages more than 2.5 million square feet in the Puget Sound area, with 594 tenants. White River Corporate Park is fully leased and houses 12 tenants, including manufacturers, distributors and service providers. Brett Hartzell and Paige Morgan of CBRE handled the transaction. The financial terms of the deal were not released.