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Industrial

620-N-43rd-Ave-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

Stos Partners Acquires 49,513 SF Industrial Complex in Phoenix

by Amy Works

PHOENIX — Stos Partners has purchased an industrial complex located on 3.3 acres at 620 N. 43rd Ave. in Phoenix. Auto Body Parts LLC sold the asset for $9 million, or $181.77 per square foot. The 49,513-square-foot property features 20- to 22-foot clear heights, eight dock-high doors, four drive-in, ground-level doors, 1,600 AMPS of 277/440 volt power and 4,000 square feet of office space. The property can accommodate a full-building user, a two-tenant user or three separate tenants ranging from 12,000 square feet to 49,513 square feet. Stos plans to implement a capital improvement program to stabilize and re-tenant the asset.

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South-Pasadena-Storage-South-Pasadena-CA
AcquisitionsCaliforniaIndustrialSelf-StorageWestern

Gelt Ventures Sells 677-Unit South Pasadena Storage in California

by Amy Works

SOUTH PASADENA, CALIF. — Gelt Ventures has completed the disposition of South Pasadena Storage, a self-storage facility located at 919 Mission St. in South Pasadena. An institutional buyer acquired the 677-unit asset for an undisclosed price. Built in 1986 on 1.8 acres, the six-building property includes 642 indoor storage units, 34 outdoor rental spaces and a live/work unit, as well as a site office. ExtraSpace Storage provides third-party management of the property. Adam Schlosser, Chico Le Claire and Keith Phillips of Marcus & Millichap represented the seller in the transaction. The buyer was self-represented.

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AcquisitionsIndustrialNAINew JerseyNortheast

NAI DiLeo-Bram Brokers $7.2M Sale of Northern New Jersey Industrial Property

by Taylor Williams

EAST BRUNSWICK, N.J. — NAI DiLeo-Bram has brokered the $7.2 million sale of a 32,021-square-foot industrial property in the Northern New Jersey community of East Brunswick. The property at 375 Old Bridge Turnpike was built on 1.6 acres in 1971 and features clear heights of 12 to 16 feet and two exterior docks. Kyle Gerace of NAI DiLeo-Bram represented the seller, Kings Cages, and procured the buyer, Kinga Cabinet, in the transaction.

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IndustrialLeasing ActivityTexas

Partners Real Estate Negotiates 16,764 SF Industrial Lease in West Houston

by Taylor Williams

HOUSTON — Partners Real Estate has negotiated a 16,764-square-foot industrial lease in West Houston. According to LoopNet Inc., the building at 3630-3668 Westchase Drive was constructed in 1981 and totals 48,148 square feet. Jon Silberman and Pierce Beyer of Partners represented the tenant, scientific equipment supplier Tecmag, in the lease negotiations. Boone Smith of Stream Realty Partners represented the landlord, Link Logistics Real Estate.

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IndustrialLeasing ActivityTexas

Secondhand Auto Parts Signs 5,721 SF Industrial Lease in Northwest Dallas

by Taylor Williams

DALLAS —Secondhand Auto Parts has signed a 5,721-square-foot industrial lease in northwest Dallas. The site is located within Bickham Industrial Park, a five-building, 90,016-square-foot development. Jason Finch and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Bickham EPA LLC, in the lease negotiations. The tenant representative was not disclosed.

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690-760-W-190th-St-Gardena-CA.jpg
AcquisitionsCaliforniaIndustrialWestern

Harbor Associates, Evergen Equity Buy $55M Industrial Portfolio in Gardena, California

by Amy Works

GARDENA, CALIF. — A joint venture between Harbor Associates and Evergen Equity has purchased an industrial portfolio in Gardena from a local investor for $55 million in an off-market transaction. Gardena is in the South Bay area of greater Los Angeles. Located at 690-760 W. 190th St., the portfolio consists of four adjacent buildings ranging in size from 17,000 square feet to 45,000 square feet. The 7.5-acre site is located within the 34 million-square-foot Gardena/Harbor industrial submarket and is immediately next to the I-405/I-110 interchange. Eric Cox, Barbara Perrier and Darla Longo of CBRE represented the seller in the deal.

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IllinoisIndustrialLeasing ActivityMidwest

Entre Commercial Realty Negotiates 68,825 SF of Industrial Subleases in Libertyville, Illinois

by Kristin Harlow

LIBERTYVILLE, ILL. — Entre Commercial Realty has negotiated two subleases totaling 68,825 square feet in the Chicago suburb of Libertyville. The property at 801 Technology Way is now fully leased and features a clear height of 24 feet, eight truck docks, two grade-level doors and ample parking. In the first transaction, AAT Sales Inc. subleased 24,777 square feet. The provider of food service equipment is relocating and expanding from nearby Northbrook. Rob Elbrecht of Tri State Realty represented the subtenant, while Dan Benassi and Sam Deihs of Entre represented the sublandlord. LED Tranquility Inc., a full-service audio, video, lighting and scenic company, subleased 44,048 square feet. Dan Benassi and Sam Deihs of Entre represented the sublandlord and were the sole brokers for the lease.

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ATLAS-Germann-Gilbert-AZ
ArizonaDevelopmentIndustrialLoansWestern

JLL Arranges $12M Construction Loan for ATLAS Germann Industrial Development in Gilbert, Arizona

by Amy Works

GILBERT, ARIZ. — JLL Capital Markets has arranged $12 million in construction financing for ATLAS Germann, an industrial development in Gilbert. The borrowers are ATLAS and OakPoint. Jason Carlos, Jarrod Howard, Steve Larsen and Kyle Westfall of JLL Capital Markets secured the five-year, fixed-rate loan from a regional bank. Snack-food manufacturer Frito-Lay Inc., a subsidiary of PepsiCo, will fully occupy the 60,500-square-foot property that is situated on 8.2 acres.

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Data CentersDevelopmentIndustrialTexas

H5 Data Centers to Undertake Expansion at Downtown San Antonio Campus

by Taylor Williams

SAN ANTONIO — Denver-based owner-operator H5 Data Centers will undertake an expansion project at its San Antonio campus, which is located at 100 Taylor St. in the downtown area. The expansion will add turnkey colocation space that can support an additional 340 cabinets and up to 1.5 megawatts of additional power capacity. A construction timeline was not disclosed. The campus currently consists of two buildings totaling 85,000 square feet.

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IndustrialLeasing ActivityTexas

Partners Real Estate Negotiates 13,410 SF Industrial Lease in Dallas Design District

by Taylor Williams

DALLAS — Partners Real Estate has negotiated a 13,410-square-foot industrial lease in the Dallas Design District. According to LoopNet Inc., the single-tenant property at 2050-2062 Irving Blvd. was built in 1952 and renovated earlier this year. Building features include 14-foot clear heights and two drive-in bays. Hanes Chatham Jr. of Partners represented the landlord, an entity doing business as 2050 Irving Blvd., in the lease negotiations. DeAnna Green of Nydan Group represented the tenant, The Blueprint University.

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