Sunday, April 20, 2025
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Industrial

AcquisitionsFloridaIndustrialSoutheast

Cushman & Wakefield Brokers Sale of 587,815 SF Industrial Property in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Cushman & Wakefield has brokered the sale of a 587,815-square-foot industrial facility located on a 28-acre parcel at 5245 Commonwealth Ave. in Jacksonville’s Westside submarket. Rick Brugge, Mike Davis, Rick Colon and Dominick Montazemi of Cushman & Wakefield represented the seller, a fund managed by DRA Advisors, in the transaction. Treetop Cos. acquired the property for an undisclosed price. Situated near I-10 and I-295, the property includes a vacant 560,688-square-foot warehouse and a 27,127-square-foot outparcel building fully leased to Conlan Tire.

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IndustrialLeasing ActivityTexas

Pilot Air Freight Signs 95,071 SF Industrial Lease in Coppell, Texas

by Taylor Williams

COPPELL, TEXAS — Pilot Air Freight has signed a 95,071-square-foot industrial lease in Coppell, located in the northern-central part of the metroplex. The freight forwarding provider will occupy the entirety of the building at 221 Southwestern Blvd., which according to LoopNet Inc. was completed in 2024. Building features include 32-foot clear heights, 31 dock-high doors and 3,780 square feet of office space. J.M. Priddy, Robert Tamillo ad Jon Gorczyca of JLL represented the tenant in the lease negotiations. Jeremy Kelly and Lena Thomas of Stream Realty Partners represented the landlord, Chicago-based ML Realty Partners.

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AcquisitionsIndustrialTexas

DWG Capital Partners Buys 78,600 SF Industrial Complex in Cameron, Texas

by Taylor Williams

CAMERON, TEXAS — DWG Capital Partners has purchased a 78,600-square-foot industrial complex in Cameron, about 80 miles northeast of Austin. The property consists of multiple buildings on a 27.8-acre site that can support manufacturing, warehouse, office and storage uses. DWG Capital Partners acquired the property in a sale-leaseback with The Butler Weldments Corp., a provider of fabricated and machined metal products that will continue to occupy the facility on a 20-year, triple-net lease. Jonathan Ameen and Mark Grossman of Northmarq represented the seller/tenant in the off-market transaction. Judd Dunning internally negotiated the deal on behalf of DWG Capital Partners.

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270-Billerica-Chelmsford-Massachusetts
DevelopmentIndustrialMassachusettsNortheastOfficeWalker & Dunlop

DHPH Receives $19.2M Construction Loan for Office-to-Industrial Conversion Project in Metro Boston

by Taylor Williams

CHELMSFORD, MASS. — DH Property Holdings (DHPH) has received a $19.2 million construction loan for an office-to-industrial conversion project in Chelmsford, located northwest of Boston. The regional developer plans to demolish a 102,786-square-foot office building at 270 Billerica Road and construct a 91,606-square-foot industrial facility with a clear height of 32 feet, 12 dock positions and parking for 181 cars and 11 trailers. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Ianno and Stanley Cayre of Walker & Dunlop arranged the loan through Voya Financial on behalf of DHPH.

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AcquisitionsDevelopmentIndustrialLee & AssociatesMidwestWisconsin

Lee & Associates Negotiates $24.5M Land Sale in Southeast Wisconsin Slated for Industrial Development

by Kristin Harlow

CALEDONIA, WIS. — Lee & Associates has negotiated the $24.5 million sale of 223 acres of land in Caledonia within Southeast Wisconsin. The site was formerly known as South Hills Country Club. The transaction marks the largest land acquisition in Southeast Wisconsin since Microsoft acquired 467 acres in late 2023, according to Lee & Associates. Thomas Boyle of Lee & Associates represented the buyer, New York-based Ashley Capital, which plans to build a 4 million-square-foot industrial park on the site. Named South Hills Commerce Center, the project will feature 10 buildings ranging in size from 218,400 to 554,000 square feet. Hintz Real Estate Development Co. LLC was the seller.

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1260-S-630-W-American-Fork-UT
IndustrialLeasing ActivityUtahWestern

CandyCo Leases 110,004 SF Manufacturing Facility in American Fork, Utah

by Amy Works

AMERICAN FORK, UTAH — CandyCo, a confectionary manufacturer, has signed a lease with owner/developer Robinson Brothers to occupy North Pointe Building F at 1260 S. 630 W in American Fork. The 110,004-square-foot facility is tailored to the tenant’s manufacturing needs. Jarrod Hunt of Colliers handled the negotiations for the lease.

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ArkansasDevelopmentIndustrialSoutheast

Dollar General Opens $160M Distribution Center in North Little Rock, Arkansas

by John Nelson

NORTH LITTLE ROCK, ARK. — Dollar General opened its new distribution center in North Little Rock in February, the retailer’s first warehouse facility in Arkansas. The $160 million development is expected to create 300 new jobs at full capacity and support Dollar General’s traditional, DG Fresh and DG Private Fleet distribution channels. The facility spans more than 1 million square feet in Pulaski County. Dollar General opened its first store in Arkansas 50 years ago in 1975 and currently employs more than 5,700 Arkansans through its and store and distribution center presence.

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AcquisitionsIndustrialSoutheastVirginia

JLL Income Property Trust Purchases Richmond Distribution Center for $40.7M

by John Nelson

RICHMOND, VA. — Chicago-based JLL Income Property Trust has purchased a 280,000-square-foot distribution center in Richmond for $40.7 million. The Class A property was delivered in 2022 and features a 200-foot truck court, 32-foot clear heights, truck storage spaces and cold storage areas. The property has direct access to I-895 and is located within two miles of Richmond International Airport and eight miles from I-95. Two unnamed, global tenants occupy the facility with a weighted average lease term (WALT) of 8.4 years.

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AcquisitionsIndustrialSouth CarolinaSoutheast

Avison Young Brokers $11.5M Sale of Industrial Facility in Metro Charlotte

by John Nelson

ROCK HILL, S.C. — Avison Young has brokered the $11.5 million sale of a 120,000-square-foot industrial facility located near I-77 at 2690 Commerce Drive in Rock Hill, a South Carolina suburb of Charlotte. Chris Loyd, Tom Tropeano and Ryan Kendall of Avison Young represented the seller, Graham Capital, in the transaction. The buyer, Dallas-based Leon Industrial, has tapped Avison Young to handle leasing of the property moving forward.

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TalleyBak-Storage-San-Antonio
DevelopmentIndustrialSelf-StorageTexas

Bakke, BCDC Break Ground on 744-Unit Self-Storage Facility in West San Antonio

by Taylor Williams

SAN ANTONIO — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on Talleybak Storage, a 744-unit self-storage facility in San Antonio. The three-story facility will be located in the Alamo Ranch submarket on the city’s west side and will span 82,938 net rentable square feet of space. Project partners include Alamo Architects, MBC Engineers and Independent Contractors. Completion is slated for early 2026. The project marks the eighth self-storage collaboration between Bakke and BCDC, including a 751-unit facility at the corner of SW Loop 410 and Palo Alto Road in San Antonio that is nearing completion.

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