ARLINGTON, TEXAS — Bradford Commercial Real Estate Services has arranged the sale of an 18,000-square-foot industrial building located at 800-810 N. Great Southwest Parkway in Arlington. The building was originally constructed in 1968. Michael Spain, Jason Finch and Chris Wong of Bradford represented the seller, an entity doing business as CanTex800 LLC, in the all-cash transaction. The buyer was Panamint Holdings LLC.
POMPANO BEACH, FLA. — Rockpoint and general contractor Frampton Construction have broken ground on Race Track Logistics, a 1.5 million-square-foot industrial park in South Florida’s Pompano Beach. The 87-acre project is situated on a former horse racing track within The Pomp, a 223-acre master planned development by The Cordish Cos. and Caesars Entertainment. The industrial project is approved for eight buildings and will sit east of the Harrah’s Pompano Beach Casino at 777 Isle of Capri Blvd. Phase I of Race Track Logistics will comprise 620,738 square feet across four buildings with an expected completion date by September 2025. The buildings will include 36-foot clear heights and 165 dock doors with two drive-in doors per building.
BELVIDERE, ILL. — Cawley Commercial Real Estate (Cawley CRE) has brokered the sale of 140 acres in Belvidere, about 13 miles east of Rockford. A leading Fortune 500 company purchased the site with plans to build a 1.2 million-square-foot freezer cooler facility. Project costs are estimated at $1 billion. The project will include more than 1,000 trailer stalls as well as automation technology and will support the delivery of fresh and frozen food products across the Midwest. Completion is slated for 2027. David Conroy of Cawley CRE brokered the transaction.
SOUTH BEND, IND. — A partnership between fifteenfortyseven Critical Systems Realty (1547) and Harrison Street has acquired the Global Access Point Union Station data center in South Bend for an undisclosed price. The data center sits atop the transcontinental fiber system connecting Chicago to the East Coast. Situated in the historic Union Station in northern Indiana, the property is ranked among the top U.S. carrier hotels and critical network hubs, according to 1547. The facility offers access to over 20 telecommunication network service providers. The buyers plan to make facility upgrades.
FORT WORTH, TEXAS — Dallas-based development and investment firm Leon Capital Group has broken ground on Riverbend East Industrial Park, a 236,000-square-foot project in Fort Worth. Located at the intersection of I-820 and State Highway 121, the development will consist of two buildings that will be able to accommodate users with requirements between 26,000 and 148,000 square feet. Building features will include 32-foot clear heights, 135-foot truck court depths and ESFR sprinkler systems. Completion is slated for next summer. CBRE is the leasing agent. Leon Capital is also planning a third, 56,000-square-foot building with two acres of outdoor storage space at the site.
HOUSTON — Sunday Riley Modern Skincare has signed a 97,222-square-foot industrial lease at in northwest Houston. According to LoopNet Inc., the building at 11720 North Gessner Road was constructed in 2014 and totals 155,400 square feet. William Carpenter and Jeremy Lumbreras of Stream Realty Partners represented the landlord, institutional investment firm Bentall GreenOak, in the lease negotiations. The tenant was self-represented.
HUMBLE, TEXAS — Partners Real Estate has arranged the sale of an 11,475-square-foot industrial building in the northern Houston suburb of Humble. According to LoopNet Inc., the building at 304-306 Wilson Road was constructed in 2016 and features a clear height of 16 feet. Darren O’Conor of Partners represented the buyer, an entity doing business as 304 Wilson LLC, in the transaction. Wyatt Huff and Hunter Stockard, also with Partners, represented the seller, Chosen Properties LLC.
MIDDLETOWN, PA. — Atlanta-based investment firm MDH Partners has purchased a 305,870-square-foot industrial building in Middletown, located on the southeastern outskirts of Harrisburg, for $45.5 million. The building features a clear height of 36 feet, 50 dock doors and an ESFR sprinkler system. The building is leased to an undisclosed provider of e-commerce services. John Plower, John Huguenard, Ryan Cottone, Zach Maguire, Paul Torosian and Jeff Lockard of JLL represented the seller, Core5 Industrial Partners, which is also based in Atlanta, in the transaction.
CHARLOTTE, N.C. — CBRE has arranged two loans total $66 million for the refinancing of two separate industrial portfolios in the Charlotte metropolitan area. Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of CBRE Capital Markets’ Debt & Structured Finance team in Atlanta represented the borrower, CIP Real Estate, in both deals. The loans include a $35 million loan through HIMCO for the refinancing of International Corporate Center, a six-building industrial project located in Concord, N.C., as well as the construction of two industrial buildings at the site totaling 147,467 square feet. The other deal was a $31 million loan secured through an unnamed national bank for the acquisition of a seven-building, 334,989-square-foot industrial portfolio that was 99 percent leased at the time of funding. The assets in the portfolio include 77 Overlook, a three-building, 216,977-square-foot development in Charlotte; Lakefield Corporate Center, a three-building, 74,920-square-foot development in Mooresville, N.C.; and Southcross Corporate Center, a 43,092-square-foot warehouse in Rock Hill, S.C.
MESA, ARIZ. — Greenlaw Partners has completed the disposition of 18.2 acres of undeveloped land, located at Pecos and Sossaman roads in Mesa, to Cavan Commercial for $6.5 million. Specific plans for the site, commonly known as Pecos 17, have not been announced, but the property is fully entitled for the development of 227,000 square feet of industrial space. Situated within the Pecos Advanced Manufacturing Zone, the site has access to robust infrastructure, affordable power capacity, fiber network, natural gas, and abundant water and wastewater capacity. Additionally, the site is under 30 miles from Phoenix Sky Harbor International Airport and six miles from Phoenix-Mesa Gateway Airport. Will Strong, Michael Matchett, Molly Hunt and Callahan Conway of Cushman & Wakefield’s National Industrial Advisory Group – Mountain West represented the seller in the transaction.