WALTHAM, MASS. — Dentsply Sirona has renewed its 84,413-square-foot office and industrial lease in Waltham, a western suburb of Boston. The North Carolina-based provider of dental products will continue to occupy the entirety of the building at 590 Lincoln St., which includes manufacturing space, for an additional six years. CBRE represented the landlord, Hobbs Brook Real Estate, in the lease negotiations. Cushman & Wakefield represented the tenant, which has leased the building since 2017.
BALTIMORE — Newmark has arranged the sale of a 1.4 million-square-foot Mid-Atlantic micro-bay industrial portfolio for $203 million. The portfolio includes 50 individual buildings and 600 tenants in the Baltimore-Washington corridor and Northern Virginia. Current tenants focus on local and regional distribution, light industrial, service-oriented and last-mile logistics uses. Ben McCarty, Cris Abramson, Nicholas Signor, Henry Pleszkoch and Sam Slater of Newmark arranged the transaction on behalf of an unnamed group of private sellers. Silverman Group was the buyer.
ORLANDO, FLA. — A joint venture between PCCP and Venture One Real Estate will develop Venture Park II and III, a two-building industrial park located at 7895 Monument Parkway in Orlando. Construction on the 748,000-square-foot project will begin immediately, with completion anticipated for spring 2027. David Murphy, Monica Wonus and Gabby Gissy of CBRE will handle leasing efforts for the property. Spanning approximately 60 acres, the development will include a 340,000-square-foot rear-load facility and a 408,000-square-foot cross-dock facility. Both buildings will feature 40-foot clear heights and will be able to accommodate several tenants.
SAN ANTONIO — Locally based developer Koontz Corp. has sold a 25.6-acre industrial development site that is located within the 188-acre Frontera mega-site on the south side of San Antonio. The buyer, an affiliate of Builders FirstSource, plans to develop a manufacturing facility on the parcel to support construction activity throughout the region. Partners Real Estate represented Koontz Corp. in the transaction. Llano Realty Partners represented Builders FirstSource.
SHEPHERDSVILLE, KY. — Olympus Ventures has acquired a two-property industrial portfolio in Shepherdsville spanning nearly 1.5 million square feet. John Huguenard, Sean Devaney and Will McCormack of JLL represented the seller, EQT Exeter, in the transaction. The sales price was not disclosed. Situated adjacent to an I-65 interchange about 16 miles south of Louisville Muhammad Ali International Airport, the portfolio comprises Derby Logistics Building 1 (524,604 square feet) and Derby Logistics Building 2 (974,049 square feet). Both buildings were delivered in 2022 on a speculative basis.
ENGLEWOOD AND SHERIDAN, COLO. — A joint venture between ErvoSquare and Matrix Group has purchased a 10-building small-bay industrial portfolio in Englewood and Sheridan for $33.4 million, or $130.91 per square foot. Michael DeSantis and Brett MacDougall of Unique Properties Inc. / TNC Worldwide represented the buyer in the deal. Situated on 13.9 acres, the 225,150-square-foot portfolio features small-bay industrial units ranging from approximately 1,840 square feet to 8,000 square feet. A majority of the units include drive-in doors. At the time of sale, the portfolio was 90 percent occupied. The new ownership group plans to complete extensive capital improvements across the portfolio, including roof replacements, mechanical system upgrades, interior renovations, parking lot improvements and exterior paint.
HOUSTON — Constellation Real Estate Partners will develop Constellation Cullen, a 282,272-square-foot speculative industrial project in South Houston. The development will feature 36-foot clear heights, 130-foot truck court depths and parking for 222 cars and 53 trailers. Constellation is partnering with a fund advised by Crow Holdings Capital on the project, construction of which is slated to begin in the coming weeks and to be complete in the fourth quarter. CBRE has been tapped as the leasing agent.
FARMERS BRANCH, TEXAS — Hanjung America Co., a division of South Korean automotive company Hanjung NCS, has signed a 12,978-square-foot lease at Westwood Business Park, an industrial flex property located in the northern Dallas metro of Farmers Branch. Kyle Espie of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations. Eddie Yoo of Landmark Realty Group represented the tenant.
GOODLETTSVILLE, TENN. — Constellation Real Estate Partners has purchased 39 acres at 2186 and 2220 Ted Dorris Road in Goodlettsville, about 14 miles north of Nashville via I-65. The Dallas-based developer recently broke ground on a two-building, 352,620-square-foot speculative industrial project on the site dubbed Constellation Goodlettsville 65. Constellation plans to deliver the properties by the end of the year. Jim Rodrigues and Chanley Ritter of Lee & Associates are leading the leasing efforts for the property, which will feature 32- and 36-foot clear heights, 300 car parking spaces, a 1.7-acre fenced and paved trailer storage yard that can accommodate 71 trailers and immediate access to the I-65/Bethel Road interchange.
CAROL STREAM, ILL. — Hernandez Development has opened Carol Stream Self Storage, a 71,510-square-foot self-storage facility with 625 units in suburban Chicago. The three-story building includes 36 drive-up units. CubeSmart will manage the property. G.A. Johnson & Son served as the general contractor.