FARMERS BRANCH, TEXAS — Colliers International has arranged the sale of Hutton Court, an industrial property in the Dallas-Fort Worth metro of Farmers Branch. The property, which was 87 percent occupied at the time of sale, features 52,613 square feet of office and warehouse space. Lizzy Blake of Colliers represented the seller, Utah-based Mountain West Industrial LLC. Dallas-based Frontier Equity LLC purchased the asset for an undisclosed price.
EDISON, N.J. — Domino’s Pizza has signed a lease for a 182,000-square-foot warehouse, located at 1075 King George Post Road in Edison. Domino’s plans to use the facility, which was developed by Liberty Property Trust, as a food processing and distribution center. Ken Ashley, John Wilkinson, Sam Hollis, Whitney Hembree, Matt Marshall and Jeff Williams of Cushman & Wakefield represented the tenant, while Chuck Fern, also of Cushman & Wakefield, represented the landlord in the lease.
SHERMAN, TEXAS — The Sherman Economic Development Corp. (SEDCO) and Thea Development LLC have announced plans for Cassini Gateway I, a campus capable of accommodating more than 1 million square feet of data center space. The campus will be housed within Progress Park, a 3,300-acre industrial park in the North Texas city of Sherman. The project is expected to draw capital investment in excess of $1 billion and create approximately 300 construction jobs and 150 engineering and technology jobs over five years.
PEARLAND, TEXAS — NAI Partners has arranged the sale of 4155 S. Main St., a 30,500-square-foot, crane-served industrial property situated on 8.4 acres in the Houston metro of Pearland. Clay Pritchett of NAI Partners represented the buyer, DMP Acquisition Fund LLC, in the transaction. Walter Menuet of Colliers represented the seller, Cornerstone Bank.
CHICAGO — Avison Young has brokered the sale of a 167,968-square-foot warehouse and distribution facility in Chicago’s New City neighborhood. The property, located at 4330 S. Racine Ave., features 20-foot clear heights and four interior truck docks. Edsal Sandusky, a Tennessee-based storage and container manufacturer, purchased the property. The company currently occupies 125,000 square feet within the building. International Laser Products, a re-manufacturer of laser printer toner cartridges, occupies the remaining 42,968 square feet. John Moysey of Avison Young represented the owner, 4330 South Racine LLC, in the sales transaction. Cushman & Wakefield represented Edsal Sandusky.
OCOEE, FLA. — Bluescope Buildings North America Inc. has broken ground on two industrial buildings within The Park @ 429 spanning 441,117 square feet. The industrial park is situated in Ocoee, roughly 12 miles west of Orlando. The two rear-load buildings feature 30- and 32-foot clear heights, dock doors, drive in doors, truck courts and ESFR sprinkler systems. The park has immediate access to the Western Beltway, Florida’s Turnpike, the East-West Expressway and State Route 50. Cite Partners is marketing The Park @ 429 on behalf of the owner, The 429 LLC, according to the Orlando Business Journal.
NASHVILLE, TENN. — NorthMarq Capital has arranged an $8.1 million acquisition loan for Polk Avenue Industrial, a 284,000-square-foot flex facility located in Nashville near the Lane Motor Museum. Susan Branscome of NorthMarq Capital’s Cincinnati office arranged the financing through an unnamed life insurance company.
BAYTOWN, TEXAS — Avera Cos. will build a 500,000-square-foot, built-to-suit distribution facility in the Houston metro of Baytown for Vinmar International, a petrochemical marketer and distributor. The project will include 10,000 linear feet of rail with four separate lines. NAI Partners represented TGS Cedar Port Partners LP in the sale of the 40 acres on which the center will be developed.
OKLAHOMA CITY — CBRE has negotiated an 83,646-square-foot industrial lease at 3800 S. Harmon Ave. in Oklahoma City. David Portman of CBRE represented the landlord, GIJC OKC 7 LLC, in the transaction. The representative of the tenant, Lincoln Electric Co., a Cleveland-based, publicly traded retailer, was not disclosed.
MIDDLETOWN, PA. — Cushman & Wakefield has brokered the $76.1 million sale of Capital Logistics Center in Middletown. An affiliated entity of Dermody Properties purchased the five-building industrial portfolio from a joint venture partnership of Woodmont Industrial Partners and AEW Capital Management. Cushman & Wakefield’s Gerry Blinebury and Gary Gabriel represented the seller. The buyer was represented in-house. Capital Logistics Center totals 1.3 million square feet and is 74 percent occupied. An additional 133,800 square feet remains available for development. The property is located near I-81 and the Pennsylvania Turnpike.
