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Stream-Data-Centers-San-Antonio
Data CentersDevelopmentIndustrialTexas

Stream Breaks Ground on 135-Acre Data Center Campus in West San Antonio

by Taylor Williams

SAN ANTONIO — The Dallas-based data center development arm of Stream Realty Partners has broken ground on a 135-acre hyperscale campus in San Antonio. The site is located near the junction of West Military Drive and Loop 1604 on the city’s west side and can support the development of up to five buildings totaling more than 1.5 million square feet. At full build-out, the facility will have a 200-megawatt capacity. Construction of the first 300,000-square-foot building is underway and is expected to be available for occupancy in the second quarter of next year. Multiple tenants that have requested anonymity have already committed to the project.   

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DevelopmentFloridaIndustrialSoutheast

BBX Logistics, FRP Development to Build 182,000 SF Industrial Park in Davie, Florida

by John Nelson

DAVIE, FLA. — BBX Logistics Properties has formed a joint venture with FRP Development Corp. to develop The Park at Davie, a two-building industrial park in South Florida spanning 182,000 square feet. Located just south of State Road 84, the 11.3-acre project is situated near Fort Lauderdale-Hollywood International Airport and Port Everglades, as well as the Florida Turnpike and I-595. The co-developers plan to break ground on The Park at Davie in the fourth quarter and complete construction in 2025. The duo is also partnering on the development of The Park at Lakeland in Lakeland, Fla.

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AcquisitionsDevelopmentIndianaIndustrialMidwest

John Deere Purchases 234 Acres in Northwest Indiana, Plans to Build 1.2 MSF Warehouse

by Kristin Harlow

LOWELL, IND. — John Deere has purchased 234 acres of land in Lowell, a city in northwest Indiana, for $7 million. The company plans to build a 1.2 million-square-foot warehouse and distribution facility. Nancy Frigo and Nicholas Smith of Coldwell Banker Commercial Realty represented the seller, Hallmark Construction Co. Venture One will serve as the developer for the project, which is expected to create approximately 1,200 union construction jobs and 400 to 500 permanent positions upon completion. The project site, located at the southwest corner of I-65 South and Route 2, has gas, sewer and water availability.

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AcquisitionsIllinoisIndustrialMidwestSelf-Storage

Newmark Brokers $1.6M Sale of Self-Storage Portfolio in Illinois

by Kristin Harlow

FARMINGTON AND CANTON, ILL. — Newmark has brokered the $1.6 million sale of a self-storage portfolio in Farmington and Canton, about 25 miles west of Peoria. The four-building portfolio totals 35,650 square feet and includes a primary facility as well as three satellite buildings. Kris Parker of Newmark represented the seller, Simple Self Storage LLC, and the buyer, Prime Space Storage LLC.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 8,400 SF Warehouse in La Porte, Texas

by Taylor Williams

LA PORTE, TEXAS — Colliers has brokered the sale of an 8,400-square-foot warehouse in La Porte, an eastern suburb of Houston. The building sits on a 0.8-acre site at 10819 Fairmont Parkway and was constructed in 1999. Mike Taetz, Todd Moore and Connor Duffy of Colliers represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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2515-S-Broadway-Los-Angeles-CA
CaliforniaIndustrialLoansSelf-StorageWestern

Seven Hills Realty Trust Provides $23.8M Loan for Self-Storage Facility in Los Angeles

by Amy Works

LOS ANGELES — Seven Hills Realty Trust (SEVN) has secured $23.8 million floating-rate first mortgage loan to recapitalize a self-storage facility located at 2515 S. Broadway in Los Angeles. Staley Point Capital is the borrower. The Extra Space Storage-branded facility offers 80,000 square feet of self-storage space. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by JLL, which advised Staley Point Capital.

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DevelopmentFloridaIndustrialSoutheast

Excel Construction Delivers 266,000 SF Industrial Facility in Metro Miami for World Electric Supply

by John Nelson

HIALEAH GARDENS, FLA. — Excel Construction has delivered a 266,000-square-foot industrial facility at 10701 N.W. 142nd St. in Hialeah Gardens, approximately 20 miles outside Miami. World Electric Supply will occupy the property, which features 253,390 square feet of warehouse and packaging space and 12,862 square feet of office space. The building is situated within Northwest Dade Logistics Center I, which is owned by The Easton Group. Ware Malcomb was the architect on the project, and Luis Caicedo and Juancarlo Lopez of Excel served as the project manager and superintendent, respectively.

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AcquisitionsFloridaIndustrialSoutheast

Basis Industrial, NexPoint Acquire Lakefront Campus in Orlando for $25M

by John Nelson

ORLANDO, FLA. — Basis Industrial and NexPoint Real Estate Advisors have acquired Lakefront I and II, a multi-tenant industrial property in Orlando, for $25 million. Located at 6101, 6149, 6203 and 6251 Chancellor Drive and 6330 Emperor Drive, the property totals 192,767 square feet. Tenants at the development include CVS’ Advanced Care Scripts, Regions Bank, Rotech, U.S. Marshals and the Florida Agency for Workforce Innovation. Anthony Scavo of Basis represented the new ownership in the transaction, and Ron Rogg of CBRE represented the seller, B Group. Argentic provided 10-year acquisition financing to the buyers, which plan to invest in renovations to the property, including roof maintenance, new cameras, exterior and interior improvements, converting an office to warehouse space, rebranding and immediate repairs.

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GeorgiaIndustrialLeasing ActivitySoutheast

Aramark Refreshments Signs 45,000 SF Industrial Lease at Chamblee International Logistics Park in Metro Atlanta

by John Nelson

CHAMBLEE, GA. — Aramark Refreshments has signed a 45,000-square-foot lease at Chamblee International Logistics Park in Chamblee, roughly 15 miles northeast of downtown Atlanta. Aramark Refreshments, a subsidiary of Aramark, will occupy the entirety of Building 4 at the property, which was completed in February of this year by a joint venture between Stonemont Financial Group and Seven Oaks Co. The project team included general contractor Catamount Constructors, civil engineering firm Kimley-Horn and architect Ware Malcomb. Joseph Rogers, Jamie Hargather and Riley Levitt of Wilson Hull & Neal are managing leasing at Chamblee International Logistics Park, which is now 50 percent leased, on behalf of the ownership.

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AcquisitionsIndustrialTexas

Oxford Partners Arranges Sale of 84,651 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of an 84,651-square-foot industrial building located at 10610 Wyman Gordon Drive in Houston. According to Crexi, the building is part of Union Crossing Business Park, a six-building, 623,585-square-foot development on the city’s northwest side. Jeffery Arnaud and Matt Rogers of Oxford Partners represented the buyer, FJS Investments, in the transaction. Stephen Schneidau of Cushman & Wakefield represented the undisclosed seller.

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