HOUSTON — NAI Partners has arranged the sale of a 54,750-square-foot warehouse located at 14333 Sommermeyer St. in northwest Houston. Nick Peterson, John Ferruzzo and Ryan Searle of NAI Partners represented the seller, Vallourec Tube Alloy LLC, a provider of casing and tubing accessories, in the sale. Justin Clark and Nathan Gaines of Clark Gaines represented the buyer, H&B Development & Construction LP.
NASHVILLE, TENN. — Virginia Beach, Va.-based CCP Commercial Real Estate has acquired a five-building office-flex portfolio in Nashville for $41.2 million. The properties are located within the city’s Airport North and Metro Center submarkets. The portfolio, which was 97 percent leased at the time of sale, totals 413,000 square feet and includes a mix of office and warehouse space. The name of the seller was not disclosed. The acquisition brings CCP’s portfolio in the Nashville market to approximately 1 million square feet.
ELGIN AND DOWNERS GROVE, ILL. — Brown Commercial Group has negotiated the sale of two industrial buildings totaling 63,128 square feet in Illinois. The sales prices were not disclosed. Nottingham Realty Group LLC purchased a 38,128-square-foot industrial building located at 1700-1730 Todd Farm Drive in Elgin. The building is fully leased and located within the Windsor Commerce Center. Brian Lindgren of Brown represented the buyer, who was completing a 1031 exchange. John D’Orazio of Colliers International represented the seller, Cristie Ann Enterprises LLC. Lindgren also represented Premium Investment Properties LLC in its purchase of a 25,000-square-foot building at 2211-2239 Curtiss St. in Downers Grove. The seller was Simborg Industrial Real Estate LLC.
EDINA, MINN. — Grandbridge Real Estate Capital has arranged a $2.8 million loan for the refinancing of a 74,595-square-foot office and warehouse building in Edina. A life insurance company provided the 10-year loan, which features a 20-year amortization schedule. Tony Carlson and Brett Olson of Grandbridge arranged the loan. The borrower was not disclosed.
SAUKVILLE, WIS. — The Dickman Co. Inc./CORFAC International has brokered the sale of a 30,197-square-foot industrial building in Saukville, about 25 miles north of Milwaukee. The sales price was not disclosed. The property is located at 851 N. Progress Drive. Nick Keys and Roger Siegel of Dickman brokered the transaction. Progress13 LLC purchased the asset from Denz Group LLC.
REMINGTON, VA. —Canada-based PointOne Development Corp. is underway on Remington Technology Park (RTP), a 234-acre data center campus in Remington, a city in northern Virginia. PointOne is investing $1.6 billion to develop the project, which will be supported by 300 megawatts of utility power and will have connectivity to terrestrial and undersea fiber-optic cables. Diode Ventures, in conjunction with Enfinite Capital, secured initial funding for RTP and will continue to provide financial modeling support and capital assembly for the balance of the project. Black & Veatch is providing design-build services. The Diode/Enfinite partnership will operate and maintain the campus upon completion. The project marks PointOne’s first investment in the U.S. data center market. A construction timeline was not disclosed.
COLLEGE PARK, MD. — Finmarc Management Inc. has acquired the Stone Mountain Industrial campus in College Park for $6.2 million. The three-building campus, located at 9207 51st Ave., is roughly nine miles north of Washington, D.C., and less than two miles from the University of Maryland. Stone Mountain Industrial campus comprises 115,000 square feet of industrial, manufacturing and office space. Christopher Kubler and Alan Coppola of NAI KLNB arranged the transaction on behalf of Finmarc. The name of the seller was not disclosed. The warehouse building at the property features 18-foot ceiling heights, and the manufacturing building offers 17-foot ceiling heights. Finmarc is considering multiple uses for the property, including maintaining its status as industrial or rezoning the site to support a townhouse development, according to a release. A small portion of the campus is already zoned for residential.
IRVING, TEXAS — Houston-based Hines has purchased DFW East Logistics Center, a three-building, 259,555-square-foot industrial property located near Dallas-Fort Worth (DFW) International Airport in Irving. Completed in 2017, the Class A property is situated on 18 acres and was 15 percent leased at the time of sale. Jonathan Bryan and Randy Baird of CBRE represented the undisclosed seller in the transaction. Hines has tapped Stream Realty Partners to handle the property’s leasing responsibilities.
MCKINNEY, TEXAS — Dallas-based Dalfen America Corp. has broken ground on a 115,176-square-foot industrial building located at 1581 Corporate Drive in the northern Dallas metro of McKinney. The building will be located near the intersection of U.S. Highways 75 and 380 and across the street from a Walmart Supercenter. Designed by Macgregor Associates Architects, the Class A property will feature 32-foot clear heights, 155 car parking spaces and 26 dock doors. Completion is slated for November. The property is being developed on a speculative basis and will be able to accommodate distribution, e-commerce or light manufacturing users.
ANAHEIM, CALIF. — American Realty Advisors (ARA) has acquired a newly constructed industrial facility located at 1730 S. Anaheim Way in Anaheim. A joint venture between Batcheller Equities and Panattoni Development sold the property for an undisclosed price. The 143,930-square-foot facility features floor-to-ceiling windows, modernized creative office space, a hybrid solar roof system complete with skylights and solar panels, 32-foot clear heights, ESFR sprinklers and a 2.05/1,000 parking ratio. An electrical contractor currently fully occupies the facility on a lease that runs through 2028. ARA represented itself in the transaction, while Bret Hardy and Jeff Read of NKF Capital Markets represented the seller.
