Industrial

Realterm, Alliance Break Ground on 236,693 SF Transload Facility in Laredo, Texas

by Taylor Williams September 26, 2024

LAREDO, TEXAS — A joint venture between Maryland-based investment firm Realterm and Texas-based Alliance Industrial has broken ground on a 236,693-square-foot transload facility in the Rio Grande Valley city of Laredo. The facility, which will be situated on a 19.7-acre site, will support various cross-border industrial operations and will be able to accommodate a single or multiple users. Building features will include 32-foot clear heights, 50 dock-high loading positions and 190 trailer parking spaces. Construction is expected to be complete by summer 2025.

September 26, 2024

Development Industrial Texas

Gauge Real Estate Begins Construction on 192,660 SF Industrial Project in Southeast Houston

by Taylor Williams September 26, 2024

HOUSTON — Locally based developer Gauge Real Estate Partners has begun construction of a 192,660-square-foot industrial project in southeast Houston. Gauge Southgate will consist of three front- and rear-load buildings that will range in size from 33,600 to 81,900 square feet and feature 28- to 32-foot clear heights, as well as a total of 49 dock-high doors, 139 car parking spaces and roughly 7,500 square feet of office space. Stream Realty Partners is marketing the project for lease. Delivery is slated for the second quarter of 2025.

September 26, 2024

Industrial Leasing Activity Texas

Stream Realty Partners Negotiates 120,440 SF Industrial Lease in Southeast Austin

by Taylor Williams September 26, 2024

AUSTIN, TEXAS — Stream Realty Partners has negotiated a 120,440-square-foot industrial lease in southeast Austin. The tenant, shipping logistics company Hotline Delivery Systems, is taking space at ATX 130, a four-building, 602,4000-square-foot development. Lena Thomas and Ryan Boozer of Stream represented the tenant in the lease negotiations. AQUILA Commercial represented the landlord, North Texas-based Jackson-Shaw, which broke ground on ATX 130 in spring 2023.

September 26, 2024

Acquisitions Industrial Nevada Western

EQT Exeter Purchases 1.1 MSF USA Parkway Distribution Center in Sparks, Nevada

by Amy Works September 26, 2024

SPARKS, NEVADA — EQT Exeter has acquired USA Parkway Distribution Center I and II, an industrial park totaling 1.1 million square feet within Tahoe-Reno Industrial Center in Sparks, from an institutional investor for an undisclosed price. Situated on 45.9 acres at 3300 Waltham Way and 201 Ireland Drive, USA Parkway Distribution Center I and II are cross-dock distribution buildings that offer a total of 135 dock-high doors, nine grade-level doors and 120- to 130-foot truck courts with four 60-foot concrete dock aprons. The asset was fully leased to five tenants at the time of sale, including Tesla and The Tire Rack, which occupy 70 percent of the property. Brett Hartzell, Rebecca Perlmutter and Paige Morgan of CBRE National Partners represented the seller in the deal. Erick Bennett, also with CBRE, served as the local market expert.

September 26, 2024

Acquisitions California Industrial Western

GID Industrial Acquires 105,469 SF Trolley Industrial Center in San Diego for $27.2M

by Amy Works September 26, 2024

SAN DIEGO — GID Industrial Acquisition has purchased Trolley Industrial Center, a multi-tenant, light industrial property in the San Ysidro submarket of San Diego, for $27.2 million. Bryce Aberg, Jeff Chiate, Jeffrey Cole, Matthew Leupold and Ryan Demerest of Cushman & Wakefield represented the seller, Washington Capital Management, in the deal. Originally built in the mid-1980s, Trolley Industrial Center has since been renovated and now offers 105,469 square feet of industrial space that is fully leased to three tenants. The building features a variety of bay sizes, 24-foot clear heights and grade-level and dock-high doors. The property is situated on 5 acres at 1330 30th St.

September 26, 2024

Industrial Leasing Activity Texas

BroadRange Logistics Signs 1.2 MSF Industrial Lease in Conroe, Texas

by Taylor Williams September 25, 2024

CONROE, TEXAS — BroadRange Logistics has signed a 1.2 million-square-foot industrial lease in Conroe, about 40 miles north of Houston. The third-party freight company is taking the entirety of Northport Logistics Center, which features 40-foot clear heights, 190-foot truck court depths, 273 trailer parking stalls and 224 loading dock doors. J.R. Wright and Russell Hofstetter of Atlanta-based Strategic Real Estate Partners represented the tenant in the lease negotiations. Nathan Wynne, Jason Dillee and Ed Frantz of CBRE represented the landlord, a partnership between locally based developer Lovett Industrial and private investment firm Cresset Partners. Construction of Northport Logistics Center began in September 2022.

September 25, 2024

Development Industrial Massachusetts Northeast Self-Storage

DXD Development Breaks Ground on 667-Unit Self-Storage Facility on Nantucket

by Taylor Williams September 25, 2024

NANTUCKET, MASS. — DXD Development has broken ground on a 667-unit self-storage facility on Nantucket, an island located off the coast of Massachusetts. SmartStop will manage the facility, which will span 96,238 net rentable square feet, including climate-controlled and vehicle storage spaces. Park East Construction Co. will serve as the general contractor for the project, which is being financed by Centreville Bank. Completion is scheduled for the third quarter of 2025.

September 25, 2024

Industrial Leasing Activity Southeast Virginia

NEFCO Construction Supply Signs 163,853 SF Lease Expansion at Northlake Distribution Center Near Richmond, Virginia

by Hayden Spiess September 25, 2024

ASHLAND, VA. — NEFCO Construction Supply has signed a 163,853-square-foot lease expansion at Lingerfelt’s Northlake Distribution Center industrial development in Ashland, roughly 20 miles north of Richmond. NEFCO will occupy additional space at Building C, which is situated at 11800 N. Lakeridge Parkway. Jason Hetherington, Brad Lowry, Doug Tice and Mike Puzzo of CBRE represented the tenant in the lease negotiations. Matt Anderson and Harrison McVey of Range Commercial Partners represented Lingerfelt. Northlake Distribution Center totals 293,187 square feet. Lingerfelt acquired the property in March 2023 and has executed a capital improvement program including roof replacements, asphalt replacements, building painting and LED retrofits.

September 25, 2024

Development Industrial New Jersey Northeast

Brookfield to Develop 326,087 SF Industrial Project in West Windsor, New Jersey

by Taylor Williams September 25, 2024

WEST WINDSOR, N.J. — Brookfield Properties will develop a 326,087-square-foot industrial project in West Windsor, a northeastern suburb of Trenton. Known as Windsor 8 Logistics Center, the building will feature a clear height of 37.5 feet, 57 dock doors, two drive-in doors and parking for 163 cars and 73 trailers. Macgregor Associates Architects is designing the project, and Peak Construction Corp. is serving as the general contractor. Completion is slated for late 2025.

September 25, 2024

Industrial Loans Oregon Western

Gantry Arranges $7.2M Acquisition Loan for Industrial Building in Tualatin, Oregon

by Amy Works September 25, 2024

TUALATIN, ORE. — Gantry has arranged a $7.2 million permanent loan for the acquisition of a single-tenant warehouse building within Franklin Business Park in Tualatin, approximately 12 miles southwest of Portland. Blake Hering and Keegan Bridges of Gantry represented the borrower, a private real estate investor, in the financing. The 12-year loan was secured from one of Gantry’s correspondent insurance company lenders, with terms including a fixed rate, 25-year amortization and nonrecourse provisions. The 60,405-square-foot property was acquired vacant with a lease for the entire building in place for a long-term single tenant. The building includes 20,521 square feet of office space.

September 25, 2024

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