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Industrial

Trident-Logistics-Center-Revere-Massachusetts
DevelopmentIndustrialMassachusettsNortheast

Link Logistics, Saracen Properties Break Ground on 367,000 SF Industrial Project in Metro Boston

by Taylor Williams

REVERE, MASS. — A partnership between New York City-based Link Logistics Real Estate and locally based investment firm Saracen Properties has broken ground on a 367,000-square-foot industrial project in the eastern Boston suburb of Revere. The project represents Phase I of Trident Logistics Center, a 635,000-square-foot development that will be constructed on a speculative basis on a 23-acre site that is located about two miles from Logan International Airport and originally functioned as an oil tank farm. The Phase I building will feature a clear height of 40 feet and 60 loading docks. Gilbane Building Co. is handling construction, which is slated for a late 2025 completion.

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DelawareDevelopmentIndustrialNortheast

Davis, J.G. Petrucci Underway on 361,700 SF Industrial Project in Bear, Delaware

by Taylor Williams

BEAR, DEL. — A partnership between two regional developers, The Davis Cos. and J.G. Petrucci Co., is underway on construction of a 361,700-square-foot industrial project in Bear, about 45 miles southwest of Philadelphia. The site at 710 American Blvd. spans 28 acres and offers proximity to U.S. Route 40, 1-95, I-295 and the New Jersey Turnpike. The development will feature a clear height of 30 feet, 68 overhead loading dock doors, two drive-in doors, 3,150 square feet of office space and parking for 250 cars and 50 trailers. Construction is slated for a third-quarter 2025 completion.

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Keystone-South-Orange-County-CA
AcquisitionsCaliforniaIndustrialLoansWestern

Keystone Mortgage Secures $6.8M Acquisition Loan for Industrial Flex Building in South Orange County

by Amy Works

SOUTH ORANGE COUNTY, CALIF. — Keystone Mortgage Corp. has arranged a $6.8 million permanent loan to fund the acquisition of an industrial flex building in South Orange County. Situated on 2.7 acres, the property offers one dock-high loading door, one grade-level loading door and 24-foot clear heights. At the time of sale, the building was fully occupied by a single tenant. No further information about the property was released. Nick Viscount of Keystone’s Orange County production office secured the financing on behalf of the borrower, a private real estate investor. One of Keystone’s correspondent life company lenders provided the non-resource loan, which features a 30-year amortization schedule.

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AcquisitionsIllinoisIndustrialMidwest

Brown Commercial Group Negotiates Sale of 20,000 SF Industrial Building in Suburban Chicago

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Brown Commercial Group has negotiated the sale of a 20,000-square-foot industrial building in the Chicago suburb of Elk Grove Village for $1.9 million. The property is located at 989 Pauly Drive. Mason Hezner of Brown represented the buyer, AES USA Corp., a distributor of flexible conduit systems for heavy industrial automotive markets. The buyer is moving from a 10,000-square-foot space in Elk Grove Village. CBRE represented the seller, Rumco Acquisition Corp.

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DevelopmentIndustrialTexas

Sabey Data Centers Completes 430,000 SF Facility in Metro Austin

by Taylor Williams

ROUND ROCK, TEXAS — Seattle-based developer and operator Sabey Data Centers has completed a 430,000-square-foot facility in the northern Austin suburb of Round Rock. Known as SDC Austin, the two-building development is situated on a 40-acre site and has the capacity to produce up to 84 megawatts of power. The facility is designed to support liquid cooling and high-density computing environments with capabilities of up to 200 kilowatts per cabinet, and one such user, the Texas Advanced Computing Center, has already committed to the campus. The project was first announced in spring 2022.

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11010-Jones-Road-Houston
DevelopmentIndustrialTexas

HLCI to Develop 254,000 SF Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Dallas-based Holt Lunsford Commercial Investments (HLCI) will develop a 254,000-square-foot industrial project in northwest Houston. The site at 11010 Jones Road spans 23 acres. The development will comprise a 204,800-square-foot front-load building and a 50,000-square-foot rear-load building, as well as designated trailer parking space and five acres for outdoor storage. Construction is scheduled to begin in early 2025. A tentative completion date has not yet been announced.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 144-Unit Self-Storage Facility in Georgetown, Texas

by Taylor Williams

GEORGETOWN, TEXAS — Marcus & Millichap has brokered the sale of Georgetown Mini Storage, a 144-unit self-storage facility located on the northern outskirts of Austin. The facility was built in 1983 and spans 26,400 net rentable square feet of non-climate-controlled space. Jon Danklefs and Douglas Diffie of Marcus & Millichap represented the undisclosed seller in the transaction. Danklefs also procured the buyer, New York-based Merit Hill Capital.

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DelawareIndustrialLeasing ActivityNortheast

CBRE Negotiates 93,000 SF Industrial Lease in Newark, Delaware

by Taylor Williams

NEWARK, DEL. — CBRE has negotiated a 93,000-square-foot industrial lease in Newark, Del. The tenant is an undisclosed third-party logistics company, and the space is located within Building D of First State Logistics Park, a three-building, 1 million-square-foot industrial development that sits on a 149-acre site. Paul Touhey and Dan Rattay of CBRE, along with internal agents Mark Glagola and Tim Shaw, represented the landlord, Chicago-based Logistics Property Co., in the lease negotiations. The deal brings the park to about 75 percent occupancy.

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918-S-Stimson-Ave.City-of-Industry-CA
AcquisitionsCaliforniaIndustrialWestern

Ardmore Home Design Purchases 282,377 SF Industrial Property in City of Industry, California for $59.9M

by Amy Works

CITY OF INDUSTRY, CALIF. — Ardmore Home Design, a luxury wholesale furniture manufacturer and the building’s tenant, has acquired an industrial property in City of Industry for $59.9 million. Situated on 13 acres at 918 S. Stimson Ave., the 282,377-squared-foot distribution facility features 24- to 30-foot clear heights, 34 dock-high doors, two grade-level doors, 28 trailer stalls and 150 auto stalls. Patrick Nally, Makenna Peter, Mark Detmer and Even Moran of JLL represented the seller, while Rick Sherburne of HRS Commercial represented the buyer in the deal.

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AcquisitionsColoradoIndustrialWestern

Unique Properties Brokers $5.4M Sale of Warehouse Building in Aurora, Colorado

by Amy Works

AURORA, COLO. — Unique Properties / TCN Worldwide has arranged the sale of an industrial warehouse facility located at 11601 E. 33rd Ave. in Aurora. The asset traded for $5.4 million. Trane occupies the 24,536-square-foot building under a long-term, single-tenant net lease agreement. The property features a large, fenced yard, one platform dock and three drive-in doors. Sam Leger and Graham Trotter of Unique Properties / TCN Worldwide represented the undisclosed seller in the deal. The name of the buyer was not released.

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