KATY, TEXAS — Partners Real Estate has brokered the sale of a 50,532-square-foot industrial outdoor storage facility in the western Houston suburb of Katy. The site at 29315 Highway Blvd. spans 44.6 acres. Hunter Stockard and Wyatt Huff of Partners represented the seller, BioUrja, in the transaction. The buyer was Chicago-based private equity real estate firm Timber Hill Group.
MORGANVILLE, N.J. — CBRE has brokered the $6.9 million sale of an industrial outdoor storage (IOS) facility in the Central New Jersey community of Morganville. The 21,000-square-foot facility at 173 Amboy Road was originally constructed in 1988, and the property includes 4.8 acres of outdoor storage space. Liam McGregor, Mark Silverman, Brian Fiumara and Elli Klapper of CBRE represented the buyer, private industrial investment firm Genesis, in the off-market transaction. The seller was not disclosed.
HANOVER, PA. — Kerry Group, an Irish food-and-beverage company, will open a 48,000-square-foot manufacturing facility in the Lehigh Valley city of Hanover. Kerry has leased a building that was formerly occupied by beverage maker Martin Bauer Group with plans to use the facility for coffee roasting and extraction. Kerry expects the facility to create about 60 new jobs in addition to 16 positions that will be retained from the previous operation. The opening is set for some time next year.
LEHI, UTAH — A joint venture between Gardner Group, a Salt Lake City-based full-service commercial real estate development and management company, and Management Elevated, a Utah-based self-storage third-party manager and consulting firm, has completed the sale of Saratoga Storage, a 676-unit self-storage facility in Lehi. Constructed in 2023, Saratoga Storage consists of three single-story buildings with 100 drive-up units. The property offers a gated entry with a digital keypad, a separate onsite management office in front of the entrance gate, a 24/7 video surveillance throughout the facility, asphalt driveways and units with roll-up doors. Jordan Farrer and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap represented the seller in the transaction.
MARYSVILLE, OHIO — Affinius Capital LLC has provided a $76.3 million loan to finance the acquisition of Scotts Midwest Distribution Center, a 1.3 million-square-foot warehouse and distribution facility in the Columbus suburb of Marysville. Ryan Kieser of CBRE arranged the loan on behalf of the borrower, Sculptor Real Estate. Developed in 2023 by Crawford Hoying as a build-to-suit for The Scotts Co., the property features cross-dock configuration, a clear height of 40 feet, 120 dock doors, four drive-in doors and 388 parking spaces. The facility is leased to The Scotts Co., a subsidiary of The Scotts Miracle-Gro. The property serves as the primary distribution hub for the tenant and is located less than two miles from its main manufacturing facility and global headquarters.
CHICAGO — JLL Capital Markets has brokered the sale of a three-building industrial portfolio totaling 537,681 square feet across DuPage County. The infill properties provide direct access to I-290 and proximity to the O’Hare International Airport. Kurt Sarbaugh, Sean Devaney, Ed Halaburt, Ross Bratcher and Cameron Chandra of JLL represented the undisclosed seller. The buyer was High Street Logistics Properties.
COLUMBUS, OHIO — CBRE has arranged the sale of two industrial buildings totaling 86,389 square feet in Columbus for $18.7 million. The properties are fully leased to nine tenants and feature clear heights of 22 feet. CBRE’s Kevin Foley, Austin Wolitarsky, Matt Harris and Matt Pourcho represented the buyer, a high-net-worth 1031 exchange investor from California. Tenby Partners was the seller.
WALLISVILLE, TEXAS — A joint venture between two locally based developers, Vigavi Realty and Ley Wilson Development, as well as Chicago-based Pearlmark, will develop Wallisville Logistics Center, a 262,612-square-foot industrial facility that will be located on the eastern outskirts of Houston. Wallisville Logistics Center will consist of two buildings spanning roughly 135,000 and 128,000 square feet that will feature 32-foot clear heights. Amegy Bank is financing construction of the project. JLL arranged the construction debt and equity partnership and has also been named as the project’s leasing agent.
DALLAS — Locally based investment firm CanTex Capital has sold a portfolio of eight industrial outdoor storage facilities totaling roughly 44 acres that are located across the Dallas-Fort Worth metroplex. The portfolio was fully leased at the time of sale. Eastdil Secured represented CanTex Capital in the transaction. The buyer was San Francisco-based Stockbridge Capital Group.
DALLAS — Image First of Dallas has signed a 44,045-square-foot lease renewal at 3040 Quebec St. in West Dallas. Quebec Business Center features 18-foot clear heights, three dock-high doors and 800 square feet of office space. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, GKI Industrial Dallas LLC, in the lease negotiations. Ruth Baker of Mohr Partners represented the tenant.