REBusinessOnline

Robust Industrial Investment Shows No Signs of Slowing

Real estate buyers spent a record-setting amount of cash in the sector in the third quarter and remain bullish on the properties amid healthy absorption and rent growth. The industrial real estate sector, traditionally known as the land of big, boring boxes, has become the darling of real estate amid the growth of e-commerce. Investors have poured hundreds of billions of dollars into industrial properties over the last five years alone, and not even the prospect of new construction …

Enviva to Develop $175M Wood Pellet Facility in Livingston, Alabama

LIVINGSTON, ALA. — Maryland-based Enviva, a producer of wood pellets, has unveiled plans to build a facility in Livingston, 60 miles southwest of Tuscaloosa. The Alabama Department of Environmental Management (ADEM) issued an air construction permit for the facility, which will be located at the Port of Epes Industrial Park and represents an initial investment of $175 million. The facility will produce wood pellets as an energy source and create openings for 85 full-time jobs, with additional …

Duke Realty Breaks Ground on 166,000 SF Industrial Building Near Raleigh

GARNER, N.C. — Duke Realty Corp. has broken ground on Greenfield North 1201 a speculative 165,921-square-foot bulk warehouse in Garner. Located at 1201 N. Greenfield Parkway in the Greenfield North Business Park, the warehouse will be seven miles southeast of Raleigh. The new industrial building will feature 32-foot clear height and an early suppression, fast response fire protection system; 2,400-amp electrical service; a 120-foot truck court; and parking for 96 trailers and 129 automobiles. …

Berkadia Arranges $10.1M in Acquisition Financing for Self-Storage Property in Colorado

COLORADO SPRINGS, COLO. — Berkadia has arranged financing on behalf of Las Vegas-based Crystal View Capital for the acquisition of AAA Platte Self Storage, a self-storage facility in Colorado Springs. Located at 4510 Edison Ave., AAA Platte Self Storage is a 308,749-square-foot, 877-unit self-storage and industrial warehouse facility located near Peterson Air Force Base. Cutt Ableson and Johnny King of Berkadia’s Houston office secured the three-year, adjustable-rate loan, which …

Bridge Development Sells 87,640 SF Industrial Facility in Addison, Illinois

ADDISON, ILL. — Bridge Development Partners LLC has sold an 87,640-square-foot industrial facility in Addison for an undisclosed price. Cabot Properties purchased the building, which is located at 133 N. Swift Road. Bridge purchased the property in December 2018 and completed extensive upgrades. Associated Material Handling Industries Inc. is the tenant. Mike Caprile, Ryan Bain and Zach Graham of Bridge represented Bridge in the

Berkadia Arranges $2.5M Acquisition Loan for Self-Storage Facility in Metro Kalamazoo

PORTAGE, MICH. — Berkadia has arranged a $2.5 million acquisition loan for Stowaway Mini Storage in Portage near Kalamazoo. Located at 9879 Portage Road, the 398-unit self-storage facility spans 57,325 square feet. Cutt Ableson and Johnny King of Berkadia arranged the 10-year, fixed-rate loan. CIBC World Markets provided the loan on behalf of the borrower, Crystal View Capital, a private investment firm based in Las

Fort Capital Buys 455,331 SF Industrial Portfolio in Arlington

ARLINGTON, TEXAS — Fort Capital, a Fort Worth-based investment firm, has purchased a portfolio of 10 light industrial buildings totaling 455,331 square feet in Arlington. The buildings, located in the Great Southwest submarket, are situated within half a mile of Interstate 30 and just minutes south of Dallas-Fort Worth International Airport. The seller was not disclosed. With this transaction, Fort Capital has now acquired more than 2.5 million square feet of industrial product in the last …

Crane Service Firm Signs 52,000 SF Industrial Lease Near Fort Worth

BLUE MOUND, TEXAS — Prolift Rigging, a Virginia-based crane services provider, has signed a 52,000-square-foot industrial lease at 1005 S. Blue Mound Road on the northern outskirts of Fort Worth. Forrest Cook and Sarah Ozanne of Stream Realty Partners represented the landlord, Hilzer Family Trust, in the lease negotiations. The representative of the tenant was not

Lee & Associates Negotiates 8,500 SF Industrial Lease in Farmers Branch

FARMERS BRANCH, TEXAS — Lee & Associates has negotiated an 8,500-square-foot industrial lease in Farmers Branch, a northern suburb of Dallas. Nathan Denton and Adam Graham of Lee & Associates represented the landlord, IC Industrial REIT, in the lease negotiations. Robert Powell of Powell Realty Advisors represented the tenant, TSI Commercial

Seefried, USAA Break Ground on 221,393 SF Ella West Crossing Industrial Project in North Houston

HOUSTON — A partnership between Seefried Industrial Properties and USAA Real Estate has broken ground on Ella West Crossing, a 221,393-square-foot industrial project located within Pinto Business Park in North Houston. The property will offer proximity to Bush Intercontinental Airport and Interstate 45 and will feature cross-dock and front-load spaces that can accommodate users with requirements as small as 40,000 square feet. Additional building features will include 32-foot clear heights, …

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