HOUSTON — Locally based brokerage firm Finial Group has secured an 18,600-square-foot industrial lease renewal in Houston. The tenant was B&T Rentals, and the space is located within Four Seasons Business Park on the city’s northwest side. According to LoopNet Inc., the single-tenant building at 6826 Bourgeois Road was constructed in 2015. Jack Gaffney and John Buckley of Finial Group represented the undisclosed landlord in the lease negotiations.
AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of a self-storage development site that is located about 6.5 miles south of downtown Austin. The site spans 3.5 acres and can support the development of a facility with up to 73,263 net rentable square feet of space across 786 units. Brian Kelly, Brett Hatcher, Gabriel Coe and Nathan Coe of Marcus & Millichap represented the seller, an undisclosed limited liability company, in the transaction. The buyer was also not disclosed. Tim Speck of Marcus & Millichap assisted in closing the deal as the broker of record.
HUNTSVILLE, ALA. — Ironside Realty has acquired a 7,500-square-foot industrial property located at 376 Dan Tibbs Road N.W. in Huntsville. The property was fully leased to United Rentals at the time of sale. A local broker represented the undisclosed seller in the transaction, and Jimmy Goodman of Chicago-based The Boulder Group represented Ironside. The sales price was not disclosed.
SOUTH PLAINFIELD, N.J. — A partnership between two investment firms, New York-based Ridgecut Road and Boston-based Marcus Partners, has acquired an industrial outdoor storage site in South Plainfield, about 40 miles south of New York City. The site at 250 Mack Road spans 3.6 acres and houses two buildings totaling 13,500 square feet that are leased to an undisclosed waste management company. The seller and sales price were not disclosed.
DES MOINES, IOWA — Houghton Properties LLC has completed development of a new 15,000-square-foot flex warehouse in Des Moines. Located at 4410 E. 50th St., the property features a clear height of 20 feet, two drive-in doors and 2.5 acres of outdoor storage. Mick Grossman of KW Commercial is the leasing agent for the building.
SCOTTSDALE, ARIZ. — Creation has broken ground on Thunderbird Commerce Park, a $60 million industrial center in Scottsdale. Situated on 18 acres within Scottsdale Airpark, Thunderbird Commerce Park will feature 243,360 square feet of Class A industrial space. The asset will offer 51 truck doors, 32-foot clear height, 3,000A power, four electric vehicle charging pedestals, a 130-foot truck court depth and 322 car spaces. LGE Design Build is general contractor and LGE Design Group is architect for the project. Completion is slated for late 2024.
CHARLOTTE, N.C. — CBRE has arranged the $11 million sale of Scarlet Oak, an office/industrial flex building located at 8700-8702 Red Oak Blvd. in southwest Charlotte. A joint venture between Somerset Properties and ABR Capital Partners acquired the property. Built in 1981 and renovated in 2022, the property comprises 81,118 square feet and was 84 percent leased at the time of sale. Part of Griffin Partners’ The Oaks, a four-building industrial portfolio, the building features 245 parking spaces and 17 dock-high, drive-in doors. Recent upgrades to the property include a new outdoor amenity space, exterior improvements, new paint, a new backflow preventer and a newly resealed and restriped parking lot. Patrick Gildea, Robert Hardaway and Matt Smith of CBRE represented the seller in the transaction. Prior to the sale, Alek Salfia, Joe Franco and Kris Westmoreland of CBRE managed leasing at the property on behalf of the seller.
LAREDO, TEXAS — A joint venture between Connecticut-based Grandview Partners and Chicago-based Brennan Investment Group will develop a 393,796-square-foot industrial project in the Rio Grande Valley city of Laredo. The site spans 24 acres within the 1,390-acre Pinnacle Industry Center development. Building features will include 32-foot clear heights, 195-foot truck court depths and parking for 152 cars and 199 trailers. Construction is expected to begin in the coming weeks and to last about 12 months.
HOUSTON — Displayco USA, a provider of supplies for trade shows and custom exhibits, has signed a 17,055-square-foot industrial lease at 9350 Baythorne Drive in northwest Houston. Jon Michael and Ed Bane of Bridge Commercial Real Estate represented the landlord, TIAA, in the lease negotiations. George Montes of Cypressbrook Co. represented Displayco.
ELMWOOD PARK, N.J. — Crow Holdings has completed a 207,000-square-foot industrial project in the Northern New Jersey community of Elmwood Park that is a redevelopment of the former Marcal Paper factory site. Crow Holdings acquired the 11.8-acre site in 2022, three years after a fire destroyed the majority of the historic structure. The new building features a clear height of 40 feet, 32 loading docks, two drive-in doors and parking for 56 trailers and 198 cars. Crow Holdings developed the facility in partnership with Atlas Holdings. JLL is marketing the property for lease.