Thursday, January 30, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Industrial

Valley-View-Business-Center-Irving
AcquisitionsIndustrialTexas

Cushman & Wakefield Brokers Sale of 414,871 SF Distribution Center in Irving

by Taylor Williams

IRVING, TEXAS — Cushman & Wakefield has brokered the sale of Valley View Business Center, a 414,871-square-foot distribution center in Irving. The property, which is located just south of Dallas-Fort Worth International Airport, was completed in 2009 and was fully leased to two tenants at the time of sale. Building features include 30-foot clear heights and four points of ingress/egress. Jim Carpenter, Jud Clements, Robby Rieke and Trevor Berry of Cushman & Wakefield represented the seller, a fund backed by Brookfield Asset Management, in the transaction. The buyer was Boston-based Longpoint Partners.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialTexas

MAG Capital Partners Completes 48,000 SF Industrial Expansion Project in Venus, Texas

by Taylor Williams

VENUS, TEXAS — MAG Capital Partners has completed a 48,000-square-foot industrial expansion project in Venus, located south of Fort Worth, for Hughes Tank Co., which manufactures fuel tanks for above-ground and underground storage facilities. The facility now totals 140,110 square feet, allowing Hughes Tank to increase its output and offer new product lines. MAG Capital Partners purchased Hughes Tank along with its existing 92,110-square-foot, 39-acre facility in June 2023.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsConnecticutIndustrialNortheast

Marcus & Millichap Brokers $7.1M Sale of Industrial Property in East Haven, Connecticut

by Taylor Williams

EAST HAVEN, CONN. — Marcus & Millichap has brokered the $7.1 million sale a 210,314-square-foot industrial property in East Haven that serves as the headquarters of Town Fair Tire. The 38.5-acre property  features 207,000-square-foot distribution center with 20,000 square feet of office space, a freestanding call center and a 176-stall trailer parking/storage area. Harrison Klein, Jim Koury and Alex Quinn of Marcus & Millichap represented the seller, Mellen East Haven Associates LLC, in the transaction and procured the undisclosed buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaIndustrialSoutheast

Terreno Realty Acquires Industrial Park in Doral, Florida for $195.6M

by John Nelson

DORAL, FLA. — Metro Seattle-based Terreno Realty Corp. has acquired Terreno Doral Air Logistics, an industrial park in the Miami suburb of Doral, for $195.6 million. The seller was not disclosed. Located at 7725-7785 N.W. 41st St., the facility is situated near the Palmetto Expressway and Miami International Airport. The property provides 110 dock-high loading positions, 36-foot clear heights, six grade-level loading positions, parking for 528 cars (including 11 electric vehicle charging stations) across three rear-load industrial distribution buildings that span approximately 496,000 square feet. The 23.4-acre property was 76 percent leased at the time of sale to six tenants.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialWashingtonWestern

CBRE Negotiates $64.2M Sale of 315,422 SF Industrial Portfolio Near Seattle

by Amy Works

KENT, WASH. — CBRE has negotiated the $64.2 million sale of the 315,422-square-foot Seattle Industrial Portfolio. The names of the seller and buyer were not released. Brett Hartzell, Paige Morgan, Andrew Stark and Andrew Hitchcock of CBRE National Partners represented the undisclosed the seller. The portfolio includes two industrial facilities: Kent Valley DC II at 6111 S. 228th St. and Kent Valley DC IV at 6205-6305 S. 231St. The distribution buildings were constructed between 1995 and 1997 and offer 30-foot clear heights and a high dock-door count.

Continue Reading
FacebookTwitterLinkedinEmail
Parc-Germann-Industrial-Park-Chandler-AZ
ArizonaIndustrialLoansWestern

Gantry Secures $39.5M in Refinancing for Two Industrial Properties in Arizona

by Amy Works

CHANDLER AND MESA, ARIZ. — Gantry has secured a total of $39.5 million in permanent loans for the owner of Parc Germann Industrial Park and Ray Industrial Park. Located at 2215 and 2225 E. Germann Road in Chandler, Parc Germann offers 225,000 square feet of fully occupied industrial space spread across two buildings. Located at 7535 E. Ray Road in Mesa, Ray Industrial Park offers a 139,000-square-foot fully occupied, multi-tenant industrial building. Tony Kaufman and Joe Foley of Gantry represented the borrower, a Bay Area real estate investor with a legacy-hold Arizona investment strategy. Each fixed rate loan was secured from Gantry’s correspondent insurance company lenders. The individual nonrecourse loans feature interest-only payments and have no ongoing structure or operating covenants.

Continue Reading
FacebookTwitterLinkedinEmail
Three-Five-Logistics-Phoenix-AZ
AcquisitionsArizonaDevelopmentIndustrialWestern

GO Industrial, Clarion Partners Buy Infill Parcel in Phoenix, Plan 159,305 SF Industrial Project

by Amy Works

PHOENIX — GO Industrial, in partnership with Clarion Partners, has acquired a 9.4-acre infill parcel at 3050 S. 35th St. in Phoenix. The site is located on the southern border of Sky Harbor International Airport. Terms of the transaction were not released. GO Industrial plans to demolish the existing single-story, office/light industrial building on the site by the end of first-quarter 2025 and begin construction of Three Five Logistics. Designed by DLR Group, the 159,305-square-foot industrial facility will feature a clear height of 32 feet, 27 dock-high doors, four drive-in loading doors, 47 trailer stalls and 164 auto parking spots. Payton Kruidenier and Kyle McGinley of Ross Brown Partners facilitated the transaction, representing both the buyer and undisclosed seller.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansTexas

JLL Arranges Acquisition Loan for Industrial Outdoor Storage Facility in Metro Dallas

by Taylor Williams

CEDAR HILL, TEXAS — JLL has arranged an acquisition loan of an undisclosed amount for a 7.5-acre industrial outdoor storage facility (IOS) in Cedar Hill, a southwestern suburb of Dallas. Developed in 2015, the property features a 15,023-square-foot industrial service building with 3,000 square feet of office space. The facility was fully leased at the time of the loan closing. C.W. Sheehan, Kristi Leonard, Peyton Ackerman and Nate Henderson of JLL arranged the five-year, fixed-rate loan on behalf of the borrower, Apricus Realty Capital. The direct lender was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
21-Parker-Drive-Avon-Massachusetts
AcquisitionsIndustrialMassachusettsNortheast

B&D Holdings Buys Industrial Building in Avon, Massachusetts, for $18.5M

by Taylor Williams

AVON, MASS. — B&D Holdings has purchased a 109,300-square-foot industrial building in Avon, a southern suburb of Boston, for $18.5 million. Built in 1972, the building at 21 Parker Drive features clear heights of 17 to 32 feet, 135-foot truck court depths and more than an acre of outdoor storage space. Michael Restivo and David Coffman of JLL represented the seller, a partnership between Oliver Street Capital and Bain Capital Real Estate, in in the transaction. Thomas Didio Jr., Amy Lousararian and Max Custer, also with JLL, arranged a three-year, fixed-rate acquisition loan through Provident Bank on behalf of B&D Holdings. At the time of sale, the property was fully leased to tenants such as Taylor Communications, HelloFresh and FreshPoint.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsColoradoIndustrialSelf-StorageWestern

Argus Self Storage Advisors Brokers Sale of 742-Unit Guardian Storage Aurora in Colorado

by Amy Works

AURORA, COLO. — Argus Self Storage Advisors has arranged the sale of Guardian Storage Aurora, a Class A self-storage facility in Aurora. Terms of the deal were not released. Located at 3633 Walden Circle, the 87,438-square-foot property offers 742 climate-controlled units within exterior, drive-up access buildings. Built in 2019, Guardian Storage Aurora was 90 percent occupied at the time of sale. Ben Vestal, Cole Carosella and Matthew Cox of Argus Self Storage Advisors facilitated the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts