PHOENIX — Strategic Storage Growth Trust has acquired an 840-unit self-storage facility in the Phoenix submarket of South Mountain Village for an undisclosed price. The facility is located at 1500 E. Baseline Road. Glacier Development designed the Class A property.
LINDEN, N.J. — Bussel Realty Corp. has brokered the sale of an industrial property located at 2365 E. Linden Ave. in Linden. New York-based 2365 Linden Corp LLC acquired the property from Edward Cantor for $2.1 million. Situated on 2.1 acres, the building features 23,000 square feet of industrial space. Jordan Metz of Bussel Realty represented the buyer and seller in the deal.
CAMERON, LA. — Port Cameron LLC plans to develop a new deep-water staging port in Cameron, a town near Lake Charles in Louisiana’s Gulf Coast region. As the largest private energy services facility on the Gulf Coast, the new port complex will facilitate energy development in the Gulf of Mexico. Construction on the $1.5 billion project will commence in November, and Phase I of the project is slated for completion by the third quarter of 2017. Phase I will encompass 500 acres, with an additional 750 acres available for expansion in the future. In addition to the new port, the project includes constructing approximately 25,000 linear feet of all-weather roads and two new concrete bridges. The new port will be located on the Calcasieu Ship Channel, roughly 185 miles east of Houston and approximately 50 miles south of I-10. Mark Nicholas, John Talhelm, Richard Quarles and Joe Berwick of JLL Houston’s office are leading the leasing efforts for Port Cameron. According to an economic impact study by Louisiana-based economic consulting firm Loren Scott Associates, when fully leased, activity at the port will create approximately $2.8 billion in sales and about 10,000 jobs for the state of Louisiana.
PEARLAND, TEXAS — Robert Loeb, Jeff Bailey and Brian Cisarik of SurePoint Self Storage have received approval from the Pearland city council to construct their fourth location in the greater Houston market. The new self-storage property will be located in Pearland just south of the intersection of Broadway Street and Kirby Drive. The project will be a three-story, climate-controlled facility. The San Antonio-based developers recently began construction on their third facility in the Houston market, a three-story, 119,000-square-foot facility on Barker Cypress Road in Houston. The SurePoint team is concluding construction on a similar project on Spring Cypress Road just east of Grant Road in Cypress, as well as a four-story self-storage building in Richmond near Highway 59 and the Grand Parkway.
ASHBURN, VA. — St. John Properties Inc. has begun construction on two speculative industrial facilities totaling 90,000 square feet in Ashburn. Designed to LEED Gold standards, the brick and glass buildings will feature frontage on Loudoun County Parkway and 18-foot clear heights. The properties represent the first phase of development for Ashburn Crossing, an 81-acre mixed-use development situated five miles south of Washington-Dulles International Airport. On full build-out, Ashburn Crossing will span more than 1 million square feet.
NORWOOD, N.J. — NAI James E. Hanson has arranged the sale of an industrial building located at 380 Chestnut St. in Norwood. Pro Source Inc., a housewares distributor, acquired the 26,928-square-foot property for an undisclosed price. The buyer is relocating from Mahwah, N.J. The property features 17-foot clear ceiling heights, three tailgates, a drive-in door, 3,500 square feet of office space and ample parking. Steven Leitner of NAI Hanson represented the buyer, while Bill Pastuszak of Resource Realty represented the seller, 380 Chestnut Street LCC, in the deal.
ST. LOUIS AND HARVARD, ILL. — Ten-X has brokered the sale of two office/industrial properties for a total of $17.3 million. In the first deal, an undisclosed seller disposed of a Class A, 347,399-square-foot office tower in St. Louis for $8 million. AKNO 1010 Market Street St Louis Missouri LLC was the buyer. The 20-story property, built in 1981, is located at 1010 Market St. Amenities include ground-floor retail, a gym, conference room, lounge, covered parking, courtyard, 24-hour security, concierge services and on-site management. In the second deal, Optima Ventures LLC sold a 1.5 million-square-foot office and industrial property in Harvard, Ill. for $9.3 million. The 325-acre Midwest Corporate Campus is located at 2001 North Division St. The property is comprised of five manufacturing, distribution and office buildings and was formerly the regional headquarters for Motorola. The building, constructed in 1997, has been vacant since 2003. Amenities at Midwest Corporate Campus include two on-site daycare facilities, a cafeteria, rooftop and ground-level heliports, fitness center, auditorium, ponds and running and biking trails. Both properties were sold on the Ten-X Commercial online platform.
WAUKEGAN, ILL. — Transwestern has arranged two industrial leases totaling 248,545 square feet in Waukegan, approximately 40 miles northwest of Chicago. Horizons Window Fashions, a manufacturer of specialty and customized window fashions, signed a long-term lease for 128,296 square feet at two adjacent properties in the Amhurst Lakes Business Center. Constructed in 1999, the 240,500-square-foot center is less than a mile from the I-94/State Route 137 interchange. In a separate transaction, Trifinity Partners Inc., a third-party logistics firm, leased 120,249 square feet of space at the Delany Commerce Center, a 218,500-square-foot facility at 2431 Delany Road. Tom Boyle and Jared Paff of Transwestern represented the tenants in both transactions.
EL PASO, TEXAS — Transload Forwarding, a local supply chain solutions company, has signed a long-term, 124,436-square-foot lease at 9600 Pan American Drive in El Paso. Arturo De la Mora and Chad McCleskey of CBRE’s industrial and logistics division in El Paso represented the tenant in lease negotiations. The new location will be used to support Transload Forwarding’s logistics, custom brokerage and warehousing operation services.
HOUSTON — NAI Partners has represented PetroAfrica LLC in the lease of 18,875 square feet of industrial distribution space at 8950 Kirby Drive in Houston. PetroAfrica is a provider of oilfield supply and services established in 2005 in the Republic of Angola. PetroAfrica specializes in training, consulting, manpower, engineering services and the procurement and supply of materials and specialized equipment to support oil and gas exploration and production. Darren O’Conor and Jake Wilkinson of NAI Partners represented PetroAfrica in the negotiations. Sam Hansen of NAI Partners represented the landlord, SL Interchange LP.
