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ArizonaDevelopmentIndustrialWestern

Mohr Capital Completes 707,380 SF Industrial Development in Surprise, Arizona

by Amy Works

SURPRISE, ARIZ. — Dallas-based Mohr Capital has completed the development of West Summit at Surprise, a Class A industrial project in Surprise. Situated on almost 47 acres within Summit Business Park, West Summit at Surprise offers 707,380 square feet across two Class A buildings, including the 453,960-square-foot Building 1 with 36-foot clear heights and 250,512-square-foot Building 2 with 32-foot clear heights. Each building offers 2,500 square feet of speculative office space, 50- by 56-foot column spacing, 3,000 amps of power, LED lighting, ESFR sprinklers, 60-foot speed bays and secured truck courts. Combined the properties provide 157 dock-high and eight grade-level doors and can accommodate parking for 706 automobiles and 225 trailers. Additionally, Building A offers rail capability to BNSF. Anthony Lydon, John Lydon and Kelly Royle of JLL will serve as leasing brokers for West Summit at Surprise.

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AcquisitionsIndustrialWashingtonWestern

Schnitzer Properties Acquires 230,575 SF Industrial Park in Auburn, Washington

by Amy Works

AUBURN, WASH. — Schnitzer Properties has purchased White River Corporate Park, a 230,575-square-foot, four-building industrial park in Auburn. With this acquisition, Schnitzer Properties owns and manages more than 2.5 million square feet in the Puget Sound area, with 594 tenants. White River Corporate Park is fully leased and houses 12 tenants, including manufacturers, distributors and service providers. Brett Hartzell and Paige Morgan of CBRE handled the transaction. The financial terms of the deal were not released.

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Data CentersDevelopmentIllinoisIndustrialMidwest

CyrusOne Breaks Ground on 446,000 SF Data Center in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — CyrusOne has broken ground on a two-building data center totaling 446,000 square feet in Aurora. The campus marks CyrusOne’s second in the city, the first of which is a three-building campus that opened in 2016. The new data center is part of the company’s broader investment strategy, selecting Illinois to expand its portfolio, with total capital investments in the state exceeding $1 billion.

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AcquisitionsFloridaIndustrialSoutheast

Cushman & Wakefield Brokers $54.6M Sale of Osceola Logistics Center in Kissimmee, Florida

by John Nelson

KISSIMMEE, FLA. — Cushman & Wakefield has brokered the $54.6 million sale of Osceola Logistics Center, an industrial property located at 5010 and 5030 Industrial Lane in Kissimmee. InLight Real Estate Partners and Black Salmon developed and sold the property to Principal Asset Management. Developed earlier this year, the Central Florida facility comprises two distribution facilities totaling 280,800 square feet: Building 200 (147,420 square feet) and Building 100 (133,380 square feet). Osceola Logistics Center was fully leased to a grocery and food service supply chain services company at the time of sale. Mike Davis, Rick Colon, Rick Brugge, Dominic Montazemi, Jared Bonshire and David Perez of Cushman & Wakefield represented the sellers in the transaction.

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AcquisitionsDevelopmentKansasMidwestMinnesotaSelf-StorageTop Stories

U-Haul Acquires 3,345-Unit Self-Storage Portfolio in Midwest, Plans New 1,150-Unit Project in Twin Cities

by John Nelson

PHOENIX — U-Haul (NYSE:UHAL.B), a national provider of moving and storage services, has acquired a four-property portfolio of self-storage facilities in the Midwest totaling 3,345 units. NexPoint Storage Partners, the self-storage arm of Dallas-based NexPoint, sold the portfolio for an undisclosed price. Three of the facilities are concentrated in the Twin Cities region of Minnesota, and the fourth is located in Kansas City, Kan. The properties include 101 American Blvd. W and 3216 Winnetka Ave N in Minneapolis; 631 Transfer Road in St. Paul, Minn.; and 500 Southwest Blvd. in Kansas City. U-Haul has begun operating the assets under its own brand of self-storage and moving services. Extra Space Storage formerly operated the facilities. The portfolio totals 327,791 net rentable square feet of climate-controlled space. Overall, the portfolio was 88 percent occupied at the time of sale. JLL represented NexPoint Storage Partners in the transaction. In addition to the acquisition, U-Haul is growing its footprint in the Twin Cities area via a new U-Haul Moving & Storage location in Ramsey, located northwest of Minneapolis. The facility represents U-Haul Co. of Northern Minnesota’s first ground-up build. U-Haul acquired the 8.7-acre property at Highway 10 and Riverdale Drive last week. The lot was …

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AcquisitionsIndustrialTexas

NAI Robert Lynn Brokers Sale of 96,000 SF Industrial Flex Building in Metro Dallas

by Taylor Williams

RICHARDSON, TEXAS — NAI Robert Lynn has brokered the sale of Richardson Tech Center, a 96,000-square-foot industrial flex building located on the northeastern outskirts of Dallas. According to LoopNet Inc., Richardson Tech Center is a four-building complex that was constructed in 1987. Jim Hancock of NAI Robert Lynn, along with internal agent Britton Wells, represented the buyer, Los Angeles-based investment firm Entrada Partners, in the transaction. Margaret Hartman and Al Hartman of Hartman Cos. represented the seller, an entity doing business as Hartman Richardson Tech Center LLC.

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AlabamaDevelopmentIndustrialSoutheast

Graham & Co. Begins Construction on $52M Hyundai Mobis Distribution Facility in Montgomery, Alabama

by John Nelson

MONTGOMERY, ALA. — Graham & Co. has begun construction on a 460,000-square-foot build-to-suit distribution facility in Montgomery for Hyundai Mobis, a supplier of aftermarket parts for Hyundai and Kia, which both have mega manufacturing facilities in the region. The $52 million project is located on 60 acres near an existing Hyundai Mobis campus along Mitchell Young Road. The cross-dock facility is expandable by 270,000 square feet, according to Graham & Co. The project team includes Cooper Construction (general contractor), Five South Architecture LLC (architect) and CCI (civil engineer). A Graham & Co.-led joint venture is providing equity for the development, and SouthState Bank is providing construction financing. The targeted delivery date for the new Hyundai Mobis facility was not disclosed.

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AcquisitionsConnecticutIndustrialNortheastSelf-Storage

Marcus & Millichap Brokers Sale of 350-Unit Self-Storage Property in New Hartford, Connecticut

by Taylor Williams

NEW HARTFORD, CONN. — Marcus & Millichap has brokered the sale of All Star Storage, a 350-unit self-storage facility in New Hartford, located west of the state capital. Built on 8.9 acres in 2016 and renovated in 2023, the seven-building property offers a mix of climate- and non-climate-controlled units. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap, in conjunction with Patrick Lemp with Ascendant Valuation Advisors, represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed. John Krueger of Marcus & Millichap assisted in closing the deal as the broker of record.

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IndustrialLeasing ActivityMassachusettsNortheastOffice

Cushman & Wakefield Negotiates 113,382 SF Headquarters Lease in Ayer, Massachusetts

by Taylor Williams

AYER, MASS. — Cushman & Wakefield has negotiated a 113,382-square-foot headquarters lease in Ayer, located northwest of Boston. The industrial building at 3 Nemco Way features 20 tailboard loading docks, high-bay distribution warehouse capabilities and office space. Nick Bruha, Blake Baldwin and Shayne O’Neil of Cushman & Wakefield represented the tenant, laboratory equipment supplier CELLTREAT Scientific Products, in the lease negotiations. The name and representative of the landlord were not disclosed.

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