SUGAR LAND, TEXAS — Philadelphia-based investment firm Alterra IOS has acquired an industrial outdoor storage facility located at 25 miles southwest of Houston at 15646 Ennis Road in Sugar Land. The facility features a 30,000-square-foot warehouse and was fully leased at the time of sale of a national building materials distributor. Alex Harrold of Matthews Real Estate Investment Services represented Alterra in the transaction. The seller and sales price were not disclosed.
ADDISON, TEXAS — Bradford Commercial Real Estate Services has negotiated a 12,078-square-foot industrial lease renewal in the northern Dallas metro of Addison. The tenant, electronics repair services provider Power Clinic Inc., will maintain its space at Marsh Business Park, a multi-building development.Brian Pafford of Bradford represented the locally based landlord, GKI Industrial Dallas LLC, in the lease negotiations. Matthew Middendorf of Middendorf Commercial represented Power Clinic.
FONTANA, CALIF. — Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings, has purchased a portfolio of three industrial buildings in Fontana for $83.5 million. The name of the seller was not released. Totaling 332,793 square feet, the portfolio includes a 100,039-square-foot asset at 14074 Rancho Court, a 57,654-square-foot property at 14019 Rose Ave. and a 175,100-square-foot building at 14928 Washington Drive. Each building features Class A specifications including 32-foot clear heights, secured all-concrete truck courts, dock-high and grade-level loading, ESFR sprinkler systems and LED lighting. The properties are fully leased and offer a weighted average lease term of more than two years.
VERNON HILLS, ILL. — JLL Capital Markets has brokered the sale of a two-building industrial property totaling 289,847 square feet in the Chicago suburb of Vernon Hills. Named the Woodlands Light Manufacturing Center, the facilities on Woodlands Parkway are fully leased to Kanaflex Corp. The properties feature clear heights ranging from 19 to 29.5 feet, 12 dock-high doors, six drive-in doors, LED lighting and 247 parking spaces. Ed Halaburt and Kurt Sarbaugh of JLL represented the seller, High Street Logistics Properties. Centaur Capital Partners and Talos Capital LLC purchased the property.
ARBOR VITAE, ST. GERMAIN AND EAGLE RIVER, WIS. — EquiCap Commercial and NAI Pfefferle have negotiated the sale of Freedom Storage, a self-storage portfolio located in northern Wisconsin. The portfolio consists of three sites totaling 44,300 net rentable square feet across 12 buildings with 215 drive-up units. The sites are located at 11019 Highway 70 in Arbor Vitae, 5881 Highway 70 in St. Germain and 1878 Collins Court in Eagle River. Scott Rihm and Jesse Luke of EquiCap brokered the transaction along with Jonathan Glassco of NAI Pfefferle.
PARSIPPANY, N.J. — CBRE has negotiated an 85,100-square-foot industrial lease renewal in the Northern New Jersey community of Parsippany. The building at 150 Lackawanna Ave. was originally constructed in 1974. Thomas Mallaney and Denise Kokulak led the CBRE team that represented the tenant, Wieland Metal Services, in the lease negotiations. Scott Perkins of NAI James E. Hanson represented the landlord, FAO Realty LLC.
SINGAPORE AND CONSHOHOCKEN, PA. — Mapletree Investments Pte Ltd., a global real estate investment and management firm based in Singapore, has agreed to sell a portfolio of 10 bulk warehouse facilities that are located across various Sun Belt markets. Metro Philadelphia-based industrial development firm EQT Real Estate is purchasing the portfolio, which features properties in Georgia, Florida and Texas, for $241.2 million. Specific properties were not released, but a source familiar with the transaction says the assets are situated in suburban Atlanta, Dallas, Houston, Orlando and South Florida. Mapletree owns the warehouse facilities under Mapletree US & EU Logistics Private Trust, a closed-end private fund that was launched in 2019. Mapletree recently sold another portfolio within the $4.3 billion fund — a 1.8 million-square-foot portfolio that Faropoint purchased for $328 million. Clayton Skistimas, Christina Buhl, Marc Alfert, Mark Chu and Steve Silk of Eastdil Secured represented Mapletree in the transaction with EQT. The deal is expected to close by late 2025. “This divestment represents a strong outcome for our investors and affirms the value we’ve created across our U.S. industrial portfolio,” says Richard Prokup, CEO of Mapletree’s U.S. division. “As we look ahead, we remain focused on reinvesting in premier …
SEAFORD, DEL. — Patriot Aluminum has purchased a 45,000-square-foot industrial building in Seaford, located in the central part of Delaware. The fencing manufacturer plans to relocate from Maryland and to invest about $4.8 million in equipping and building out its new space on Whitehurst Drive, which is being upgraded to support production, assembly and distribution uses. The company, which also plans to fabricate its own products at the site, expects to hire 19 additional people in addition to the 20 jobs coming from Maryland.
SANTA FE SPRINGS, CALIF. — Lee & Associates has arranged the sale of a warehouse and industrial building at 8528 Dice Road in Santa Fe Springs. J.O.R. Real Estate LLC sold the asset to Van Stone Conveyor for $3.2 million. The 12,591-square-foot property features 1,500 square feet of office space, a 2/1,000 parking ratio, 16-foot clearance height and 800 amps of power, as well as a secured yard. Additionally, the asset was sold with a tenant in place under a lease through Oct. 31, 2025. Phillip DeRousse of Lee & Associates – Orange handled the transaction.
BRISTOL, WIS. — Peak Construction Corp. will construct Building 5A within Bristol Business Park in the Milwaukee suburb of Bristol. Janko Group is the developer. The 237,788-square-foot speculative industrial facility will feature a clear height of 32 feet, 20 docks, two drive-in doors and 303 parking spaces. Completion is slated for the third quarter of 2026. The project team includes Harris Architects Inc. and Manhard Engineering as civil engineer. Peak has served as general contractor for the 225-acre industrial business park’s infrastructure and multiple tenant improvements as well as Building 1 (1 million square feet), Building 2 (314,505 square feet), Building 3 (396,508 square feet), Building 4 (157,043 square feet) and Building 8 (323,970 square feet).