MANSFIELD, TEXAS — SteelTex, a division of Houston-based rubber and plastics producer Utex Industries, will relocate its manufacturing operations from the southern Fort Worth metro of Venus to Mansfield, due south of Arlington. The company will occupy a 135,000-square-foot industrial facility located at 102 Sentry Drive within Mansfield Industrial Park. Following the relocation, the company expects to expand its operation from 75 to 130 employees over the next five years.
NORTH CHARLESTON, S.C. — Monmouth Real Estate Investment Corp., a New Jersey-based industrial REIT, has acquired a 121,683-square-foot industrial property located at 1892 Anfield Road in North Charleston for $21.9 million. The newly constructed building is net-leased to FedEx Corp. for 15 years. The property is situated on 16.2 acres and is located roughly two miles from the Charleston International Airport and 10 miles from the Port of Charleston. The name of the seller was not disclosed.
WAUKEE, IOWA — Bellomy & Co. has negotiated the sale of Waukee Storage Masters in Waukee, about 20 miles west of Des Moines. The sales price was not disclosed. The 64,517-square-foot self-storage facility features 462 climate-controlled units. The Class A property is located near Grand Prairie Parkway and I-80. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the Waukee-based seller. The team also procured the buyer, StorageMart.
SLINGER, WIS. — The Dickman Co. Inc./CORFAC International has arranged the sale of a 53,000-square-foot industrial building in Slinger, about 35 miles northwest of Milwaukee. The sales price was not disclosed. The property is located at 3767 Scenic Road. Scenic Cedar Creek LLC purchased the asset from the sellers, Robert and Ann Schoenke. Nick Keys, Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. brokered the transaction.
VINELAND, N.J. — Cushman & Wakefield has arranged the sale of a manufacturing and warehouse facility located at 500 W. Elmer Road in Vineland. F&S Produce Co. acquired the 580,000-square-foot property for an undisclosed price. The buyer will use the new facility to accommodate its future expansion. Matthew Marshall, Brian Hilger and Gerry Blinebury of Cushman & Wakefield represented the undisclosed seller in the deal.
LEBANON, TENN. — Al. Neyer has unveiled plans to develop Cedar Farms, a Class A industrial development in Lebanon, roughly 30 miles east of Nashville. The development will include two speculative buildings totaling more than 1.5 million square feet, located on 103 acres near the Couchville Pike and Interstate 840 interchange. The first phase of the project will include a 902,000-square-foot speculative building and a second pad for a facility spanning up to 600,000 square feet. New York Life Real Estate Investors is an equity investor in the project, which is the firm’s second partnership with Al. Neyer. The partnership’s other venture is Mallory Green, a 175,000-square-foot office building under construction nearby in Franklin. Cedar Farms will feature 36-foot clear heights and LED lighting in 70-foot speed bays. Construction on Phase I will begin this month, with completion slated for late 2018. Doug McDowell and Jeb Atkinson of ProVenture will represent Al. Neyer in the project’s leasing assignment.
SAN ANTONIO — Casey Development Ltd. has broken ground on The Keep Storage, a 645-unit self-storage facility located near the intersection of Vance Jackson and Jackson Keller roads in San Antonio. The Class A property will feature more than 87,000 square feet of net rentable storage space. Approximately 95 percent of the units are climate-controlled. Baxter Contracting is serving as general contractor for the project, which was designed by Archcon Architecture. Delivery is scheduled for fall 2018.
ALLEN, TEXAS — Carrollton-based data center REIT CyrusOne has broken ground on a 340,000-square-foot data center campus located near the intersection of Stacy Road and Chelsea Boulevard in the northeastern Dallas metro of Allen. The three-building campus will be capable of generating more than 100 megawatts of power upon completion. The facility, which could span 90 acres at full build-out, raises CyrusOne’s total data center footprint in Texas to more than 1 million square feet.
STAFFORD AND SUGAR LAND, TEXAS — Colliers International has arranged the sale of two industrial properties totaling 400,000 square feet in the Houston metros of Stafford and Sugar Land. Jim Pratt and Trey Erwin of Colliers represented the seller of a 70,000-square-foot distribution facility located at 10702 Cash Road in Stafford. The tenant, Capital Plastics International Inc., will relocate from that property to a 330,000-square-foot facility located at 1601 Gillingham Lane in Sugar Land. Colliers recently represented the seller of that property as well.
EASTPOINTE, MICH. — Marcus & Millichap has brokered the sale of EZ Storage in Eastpointe, about 10 miles north of Detroit. The sales price was not disclosed. The 65,810-square-foot self-storage building is located at 21500 Gratiot Ave. Brett Hatcher of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. He also secured and represented the buyer, an out-of-state limited liability company.
