Tuesday, May 6, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Industrial

DevelopmentGeorgiaIndustrialLoansSoutheast

JLL Arranges $42.5M Construction Loan for Industrial Development in Locust Grove, Georgia

by John Nelson

LOCUST GROVE, GA. — JLL has arranged a $42.5 million construction loan for Stonemont Park 75 South, a three-building industrial park in the South Atlanta city of Locust Grove. Gregg Shapiro, Dan Kearns, Kelsey Bawcombe and Hunter Rich of JLL arranged the loan through Principal Asset Management on behalf of the locally based borrower, Stonemont Financial Group. At full completion, Stonemont Park 75 will span more than 900,000 square feet and feature clear heights ranging from 32 to 40 feet, 143 dock-high doors, 130-foot truck courts, 280 trailer parking stalls and 645 car parking stalls. The construction timeline for Stonemont Park 75 South was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
2325-W-Cypress-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

Stos Partners Buys 35,007 SF Industrial Building in Phoenix for $4.4M

by Amy Works

PHOENIX — Stos Partners has acquired an industrial complex located at 2325 W. Cypress St. in Phoenix for $4.4 million, or $127 per square foot. Stos plans to immediately implement a capital improvement program for the 35,007-square-foot property. Situated on 1.4 acres, the building features 20- to 22-foot clear heights, four dock-high doors, two drive-in ground-level doors, a fully fenced and secured yard, and 1,500 square feet of office space. Sam Jones of Colliers represented the buyer in the deal, while James Cohn and Stirling Pascal of Stream Realty Partners represented the seller. Jones and Rob Martensen of Colliers will oversee leasing for the industrial complex.

Continue Reading
FacebookTwitterLinkedinEmail
425-S-Main-St-Coolidge-AZ
AcquisitionsArizonaIndustrialWestern

NAI Horizon Brokers Sale of 14,000 SF Warehouse in Coolidge, Arizona

by Amy Works

COOLIDGE, ARIZ. — NAI Horizon has arranged the purchase of an industrial building located at 425 S. Main St. in Coolidge. Mesa, Ariz.-based Superstition Frame and Drywall acquired the asset from Tempe, Ariz.-based Spillman Koplin for $1 million. Built in 1988, the single-tenant, 14,000-square-foot warehouse features a 5,000-square-foot yard, 16-foot clear heights and one grade-level door. Jeffrey Garz Walker of NAI Horizon represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Shopoff_Desert-Hot-Springs-Calif
AcquisitionsCaliforniaDevelopmentIndustrialTop StoriesWestern

Shopoff Realty Acquires 55 Acres in Southern California’s Inland Empire East, Plans 1.1 MSF Industrial Development 

by Hayden Spiess

DESERT HOT SPRINGS, CALIF. — Shopoff Realty Investments has acquired a 55-acre property in Desert Hot Springs, a city in the Inland Empire East region of Southern California, with plans to develop an industrial project at the site.  Upon completion, the development will comprise 1.1 million square feet of distribution and warehouse space. The property, which is situated with proximity to the site of an Amazon warehouse and with direct access to I-10, will feature 167 docks, 498 trailer stalls and a clear height of 42 feet.  “This Desert Hot Springs project represents a rare opportunity to acquire a property that is already entitled and ready for development, in an area with significant demand from e-commerce companies for logistics and warehouse space,” says William Shopoff, president and CEO of the firm. “With neighbors such as Amazon and FedEx, this location has the potential to provide a great investment for many years to come and will offer third-party logistics companies significant drayage savings compared to projects in Arizona and Las Vegas.” Construction on the project is scheduled to begin in the third quarter of this year, with an anticipated timeline of 12 months.  Ian DeVries and Christ DeVries of Colliers, along …

Continue Reading
FacebookTwitterLinkedinEmail
Anna-Self-Storage
AcquisitionsIndustrialLoansSelf-StorageTexas

HPI Real Estate Buys 840-Unit Self-Storage Facility in Anna, Texas

by Taylor Williams

ANNA, TEXAS — Texas-based investment firm HPI Real Estate has purchased an 840-unit self-storage facility in Anna, about 45 miles north of Dallas. Anna Self Storage was completed in 2023 and totals 103,000 net rentable square feet of climate-controlled space. Casey Wenzel, John Bauman and Luke Rogers of JLL arranged a five-year, floating-rate acquisition loan through Security National Bank on behalf of HPI Real Estate. Anna Self Storage was approximately 30 percent occupied at the time of the loan closing. Life Storage operates the property.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityOfficeTexas

Bradford Negotiates 3,527 SF Lease at Industrial Flex Property in Irving

by Taylor Williams

IRVING, TEXAS — Bradford Commercial Real Estate Services has negotiated a 3,527-square-foot lease at Skyview Centre Building 1, an industrial flex property in Irving. According to LoopNet Inc., the building was constructed in 1982 and spans 40,600 square feet. Leigh Richter of Bradford represented the tenant, High Value Signs, in the lease negotiations. Samantha Seelig Dewan and Troy Alexander Dewan of Harkinson Dewan Management LLC represented the landlord.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNew YorkNortheastSelf-Storage

Prime Group Acquires Two Self-Storage Portfolios Totaling 1 MSF in New York, New Jersey

by Taylor Williams

SARATOGA SPRINGS, N.Y. — Prime Group, an investment firm based in Saratoga Springs, N.Y., has acquired two self-storage portfolios totaling roughly 1 million net rentable square feet in New York and New Jersey. The number of units and exact locations were not disclosed. The first portfolio consists of 14 properties totaling roughly 800,000 net rentable square feet that are located in New York’s Hudson Valley region. The second portfolio comprises five properties totaling 245,000 net rentable square in Northern New Jersey. Prime Group acquired both sets of properties in conjunction with a third portfolio that totals 680,000 net rentable square feet across 11 properties that are scattered across the country. The new ownership will operate the facilities under its Prime Storage brand. The seller and sales price were also not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaIndustrialSoutheast

Tishman Speyer Acquires Industrial Park in South Florida for $100.2M

by John Nelson

POMPANO BEACH, FLA. — Tishman Speyer has acquired Rock Lake Business Center, a 35-acre industrial park located at 3150-3250 N.W. 33rd St. in Pompano Beach, about 15 miles north of Fort Lauderdale. The investor purchased the South Florida property from IDI Logistics for $100.2 million. Built in 2020 fronting the Florida Turnpike, Rock Lake comprises two warehouses spanning a combined 256,000 square feet that were fully leased at the time of sale. The facilities feature 32-foot clear heights, 185-foot shared truck courts, 84 dock-high and drive-in doors and 690 car and van parking spots. The acquired site includes land that can support the future development of two rear-load buildings spanning 243,000 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialNew JerseyNortheast

STRO Cos., KRE Group Break Ground on 136,714 SF Industrial Redevelopment in Florham Park, New Jersey

by Taylor Williams

FLORHAM PARK, N.J. — A partnership between two New Jersey-based firms, The STRO Cos. and KRE Group, has begun an industrial redevelopment project in the Northern New Jersey community of Florham Park. The project will convert a former office building that sits on a 14.4-acre site at 19 Vreeland Road into a 136,714-square-foot warehouse with a clear height of 36 feet, 26 loading docks, one drive-in door and parking for 108 cars and 36 trailers. Cushman & Wakefield will market the project for lease. Completion is slated for the first quarter of next year.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Venture One Buys 32,230 SF Industrial Building in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VI LP, has acquired a 32,230-square-foot industrial building in the Chicago suburb of Naperville for an undisclosed price. Constructed in 1989, the property was 50 percent leased to one tenant at the time of sale. The building features a clear height of 18 feet, two docks, two drive-in doors and parking for 42 cars. Venture One plans to make improvements such as new spec office space, energy-efficient warehouse lights and a new parking lots. Ted Gates and Dylan Demaio of CBRE will market the property for lease. VK Industrial VI is co-sponsored by Venture One Real Estate and Kovitz Investment Group.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts