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Industrial

Fort-West-Commerce-Center-Fort-Worth
IndustrialLeasing ActivityTexas

CBRE Negotiates 221,444 SF Industrial Lease Near DFW Airport

by Taylor Williams

FORT WORTH, TEXAS — CBRE has negotiated a 221,444-square-foot industrial lease near Dallas-Fort Worth International Airport. The tenant, Big Ass Fans, will occupy the entirely of Building A at Fort West Commerce Center, a three-building, 531,601-square-foot development that sits on a 30-acre site. Buildings are designed to accommodate users with requirements from 34,041 to 221,444 square feet and feature 32- to 36-foot clear heights. Gordon Benedict, Courtney Oldenburg and Tim Vogds of CBRE represented the tenant in the lease negotiations. Matt Carthey and George Jennings of Holt Lunsford Commercial represented the landlord, Phoenix-based Creation.

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4400-Diplomacy-Drive-Fort-Worth
AcquisitionsIndustrialTexas

Stonelake Capital Partners Buys 119,995 SF Distribution Facility in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS ­— Texas-based investment firm Stonelake Capital Partners has purchased a 119,995-square-foot distribution facility in Fort Worth. The building at 4400 Diplomacy Drive, which was fully leased at the time of sale to Litex Industries, is located just south of DFW International Airport in the central part of the metroplex. Jim Carpenter, Jud Clements, Robby Rieke and Madeleine Supplee of Cushman & Wakefield represented the undisclosed seller in the transaction. Coleman Brown, Michael Massad, Will Thomas and Keontae Burns represented Stonelake on an internal basis.

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AcquisitionsIndustrialTexas

Finial Group Arranges Sale of 19,259 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has arranged the sale of a 19,259-square-foot industrial building in northwest Houston. The building at 6606 Gessner Road sits on 1.5 acres and includes outdoor storage space. Jason Gibbons and Christian Villarreal of Final Group represented the seller in the transaction. Christy Bowen of Fox & Graham Real Estate represented the buyer. Both parties requested anonymity.

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IndustrialLoansMichiganMidwest

District Capital Arranges $10.6M Acquisition Loan for Michigan Industrial Property

by Kristin Harlow

MICHIGAN — District Capital has arranged a $10.6 million loan for the acquisition of a 205,000-square-foot industrial property in Michigan. Dave Dismondy of District Capital arranged the nonrecourse loan, which features a 60 percent loan-to-value ratio and an 80 percent loan-to-cost ratio. A life insurance company provided the loan. The borrower was undisclosed.

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2632-E-Chambers-St-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

MDC Realty Advisors Acquires 114,907 SF Industrial Facility in Phoenix for $24.3M

by Amy Works

PHOENIX — Canada-based MDC Realty Advisors has purchased an industrial property located at 2632 E. Chambers St. in Phoenix. American Refrigerator Supplies sold the asset for $24.3 million. In conjunction with the acquisition, the seller signed a long-term lease for the Class A facility. Situated on seven acres, the 114,907-square-foot building features 28-foot clear heights, 30,500 square feet of office space and immediate access to Phoenix Sky Harbor International Airport, SR-143 and Interstate 10. Phil Haenel, Will Strong, Foster Bundy and Katie Rapine of Cushman & Wakefield’s private capital group represented the buyer and seller in the deal.

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4800-Dahlia-St-Denver-CO
AcquisitionsColoradoIndustrialWestern

JLL Negotiates Sale of 101,788 SF Industrial Building in Denver

by Amy Works

DENVER — JLL Capital Markets has brokered the sale of Saltbox Denver – Park Hill, an industrial property located at 4800 Dahlia St. in Denver. Rob Key and Larry Thiel of JLL Capital Markets handled the transaction. Terms of the sale were not released. Saltbox fully occupies the 101,788-square-foot, side-loading building on a net-lease basis. Situated on 5.5 acres, the asset was built in 1959 and most recently renovated in 2021. The building features 22-foot clear heights, 14 dock-high doors, two grade-level doors and 144 parking spaces. The tenant offers digital commerce companies a flexible and tenant-ready office, warehousing and distribution solution to solve challenges in e-commerce.

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DevelopmentIndustrialNorth CarolinaSoutheast

Samet, Lee-Moore Deliver 340,000 SF Industrial Facility in Metro Raleigh for FedEx Ground

by John Nelson

NEW HILL, N.C. — A joint venture between Samet Corp., Lee-Moore Capital and a Denver-based family office has delivered a 340,000-square-foot industrial facility located in New Hill, roughly 20 miles southeast of Raleigh. FedEx Ground fully occupies the newly completed building. The facility comprises Phase I of TIP West, a section of the 450-acre Triangle Innovation Point life sciences, manufacturing and industrial park with the capacity for an additional 2 million square feet of development. Matt Winters and Al Williams of JLL manage leasing at the property on behalf of the joint venture, along with Brian Hall of Samet Corp.

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AcquisitionsIndustrialTexas

Peak Capital Partners Sells 14-Acre Industrial Development Site in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Locally based firm Peak Development Partners has sold a 14-acre industrial development site located at the corner of El Dorado Parkway and Stonebridge Drive in the northeastern Dallas suburb of McKinney. Peak originally acquired 18 acres at the site last year and will break ground on four retail pads on the other four acres later this year. Evan English and Tim McNutt of DBA Real Estate represented the buyer, SLX Development, in the transaction. Peak was self-represented.

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IndustrialLeasing ActivityTexas

Finial Group Negotiates 25,000 SF Industrial Lease in North Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has negotiated a 25,000-square-foot industrial lease at Central Green Business Park in North Houston. According to LoopNet Inc., the building at 1950 S. Starpoint Drive was built in 1992, features 24-foot clear heights and includes 10,000 square feet of office space. William Alcorn and Jack Gaffney of Finial Group represented the undisclosed landlord in the lease negotiations. Henry Landwermeyer of Boyd Commercial represented the tenant, Pulse Wire & Cable.

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AcquisitionsFloridaIndustrialSoutheast

Azora Acquires Greyhound-Leased Industrial Outdoor Storage Facility in Miami for $12.8M

by John Nelson

MIAMI — Azora, a private equity manager based in Madrid, has purchased an industrial outdoor storage facility located on a 2.6-acre site in Miami. The undisclosed seller sold the property, which features a bus maintenance facility, for $12.8 million. Situated near Miami International Airport, the facility was delivered in 2016 as a build-to-suit for Greyhound Lines, which will continue to use the property as a parking and repair center for another five years. The site includes developable land, plans for which were not disclosed.

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