Industrial

26201-Ynez-Rd-Temecula-CA

SAN MARCOS AND TEMECULA, CALIF. — Cushman & Wakefield has negotiated the sales of two industrial projects spanning six buildings and 387,454 square feet in San Marcos and Temecula. The assets were sold separately between January and May to two separate undisclosed buyers for a combined total of $74 million. In January, Investcorp acquired Pro·duc·tion, a four-building, Class A industrial project in San Marcos for $50 million. Fully leased at the time of sale, the property offers 221,294 square feet of industrial space. Built in 2018, the asset is located at 195 Bosstick Blvd. and 2946, 2950 and 2954 Norman Strasse Road. In May, Cire Equity purchased two industrial buildings at 26201 Ynez Road and 42259 Rio Ned Road in Temecula for $24 million. Aric Starck, Jeffrey Cole and Drew Dodds of Cushman & Wakefield Capital Markets represented the undisclosed seller in the transactions.

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Gilbert-Distribution-Center-Gilbert-AZ

GILBERT, ARIZ., AND ALPHARETTA AND NORCROSS, GA. — Cushman & Wakefield has advised Dalfen Industrial in the disposition and recapitalization of a multi-tenant industrial portfolio, totaling 253,055 square feet across two projects in Atlanta and Phoenix metro markets. The dual-project portfolio was owned in Dalfen Industrial’s Value-Add Fund IV and was recapitalized in a joint venture between Dalfen Industrial and RGA ReCap Inc. on behalf of Reinsurance Group of America Inc. Terms of the transaction were not released. Located in Gilbert, Gilbert Distribution Center is a freestanding Class A industrial building at 1495 E. Baseline Road. Two tenants fully occupy the property, which features multiple points of ingress/egress, multiple storefronts, loading, functional column spacing and concrete truck aprons on a 140-foot truck court. The North Atlanta Infill Portfolio is a collection of four multi-tenant, rear-load, light industrial buildings located at 6205 and 6215 Shiloh Crossing in Alpharetta and 2915 Courtyards Drive and 3055 Northwoods Circle in Norcross. The properties are a combined 86 percent leased to eight tenants, three of which recently extended their lease terms. The buildings offer 18- to 22-foot clear heights, rear loading, a mix of drive-in and dock-high doors, and multiple glass store fronts. Will Strong, Michael …

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Wieland-East-Alton-Illinois

EAST ALTON, ILL. — Wieland, a supplier of copper and copper alloy solutions, has begun renovating and expanding its manufacturing facility in East Alton, located outside of St. Louis near the Illinois-Missouri border. The project is valued at $500 million. The initial phase of the modernization will increase the capacity and quality of copper production at the facility, which was originally constructed in 1916. The development team will revamp building foundations to support new equipment, and the site will be modified to support the use of an overhead crane for equipment setting. Wieland will also undertake upgrades to other facilities, including the furnace, re-cooling system, distribution switchgear, superstructure and controls/commissioning. Following completion of the project, the building structure will feature metal siding and roofing over heavy structural steel. “With copper having an integral role in the energy transition, this endeavor better positions Wieland as a provider of sustainable solutions for our customers’ ever-changing needs,” says Greg Keown, president of Wieland’s rolled products North America division. The project team includes general contractors Graycor Construction Co. and Helmkamp Construction Co., as well as design firms Vestal Corp. and Salas O’Brien. Completion is slated for mid-2028. — Taylor Williams

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DFW-Point35-Building-1

FORT WORTH, TEXAS — Newmark has brokered the sale of DFW Point35 — Building 1, a 267,280-square-foot industrial property in Fort Worth. Built in 2023, the rear-load building is part of a larger development and features 32-foot clear heights, 59 dock doors, two drive-in doors, 185-foot truck court depths and 75 trailer parking stalls. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Chloie Mercer and Caroline Wilson of Newmark represented the seller, a partnership between Atlanta-based Stonemont Financial Group and Iron Point Partners, in the deal. The buyer was not disclosed. The building was fully leased to GITI Tire at the time of sale.

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HOUSTON — Alterra IOS has acquired a 9.7-acre industrial outdoor storage facility (IOS) located at 9605 Galveston Road in southeast Houston. The property houses three buildings totaling 31,000 square feet that are currently vacant. According to Crexi, the buildings feature 18- to 21-foot clear heights, office and showroom space and four grade-level loading doors. The seller and sales price were not disclosed.

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HOUSTON — Locally based brokerage firm Finial Group has negotiated a 15,000-square-foot industrial lease in southeast Houston. The building at 11026 Bay Commerce Drive is located within Gulfpoint Business Park. William Alcorn and Jason Gibbons of Finial Group represented the undisclosed landlord in the lease negotiations. Jack Perelman of Mohr Partners represented the tenant, industrial supplies distributor Alliance SouthernCarlson.

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Carney-Commerce-Center

CARNEYS POINT, N.J. — Atlanta-based developer Portman has completed Carney Commerce Center, a 587,000-square-foot industrial project in the Southern New Jersey community of Carneys Point. The site is located about 10 miles from the New Jersey-Delaware border and 30 miles from Philadelphia. The cross-dock facility features a clear height of 40 feet, 140 dock doors, 2,000 square feet of office space and parking for 318 cars and 244 trailers.

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3000-Quarry-Road-West-Rockhill-Pennsylvania

WEST ROCKHILL, PA. — JLL has arranged an undisclosed amount of construction financing and joint venture equity for a 330,000-square-foot industrial project in West Rockhill, located roughly midway between Philadelphia and Allentown. The building will be situated on a 29.6-acre site and feature 36-foot clear heights, 85 loading positions and parking for 280 cars and 76 trailers. Jon Mikula, John Plower, Ryan Cottone and Michael Lachs of JLL worked on behalf of the developer, J.G. Petrucci, to arrange the loan with Provident Bank and structure the joint venture with Boston-based Cabot Properties.

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LINCOLN PARK, N.J. — CBRE has negotiated a 48,650-square-foot industrial lease renewal at 132 Beaverbrook Road in the Northern New Jersey community of Lincoln Park. The tenant is Richelieu American Ltd., a wholesale distributor of specialty hardware, accessories, supplies and tools. Kevin Dudley, Chad Hillyer, Nicholas Klacik and Kate Granahan of CBRE represented the landlord, Northbridge Partners, in the negotiations. The tenant representative was not disclosed.

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DENVER — Malman Commercial Real Estate has arranged the sale of 11100 E. 51st Avenue in Denver. GS 51st LLC, a Colorado limited liability company, sold the property to Las Vegas Lucky Investment LLC, a Nevada limited liability company, for $10.7 million, or $178.51 per square foot. Pioneer Interests, a multi-state institutional cannabis operator, fully occupies the 59,940-square-foot industrial building. Situated on 1.5 acres, the building is zoned I-B and offers heavy power and ample parking. Jake Malman of Malman Commercial represented the seller, while Jun Zhou of Centaline Investment Inc. represented the buyer in the deal.

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