NASHVILLE, TENN. — Brennan Investment Group, in a joint venture with RGA ReCap Inc., has acquired two distribution facilities totaling 221,000 square feet at 5006 Harding Place in Nashville. The two buildings were fully leased to seven tenants at the time of sale. The seller and sales price were not disclosed. Associated Bank provided a $20 million acquisition loan to Brennan for the deal, which marks the investor’s fifth investment in the Nashville market since 2019, according to the company. Andrew Roberts of Associated Bank managed the loan closing on an internal basis.
ORLANDO, FLA. — JLL has brokered the $36.5 million sale of Silver Star Commerce Center, a 254,915-square-foot industrial park located at 3600-3802 Silver Star Road and 3717-3763 Mercy Star Court in Orlando. The property comprises eight buildings situated on 20 acres and features 18- to 20-foot clear heights and rear-load capabilities. At the time of sale, the park was 92 percent leased to 27 tenants. Denholtz Properties and Long Wharf Capital acquired the property. Luis Castillo, Cody Brais and Taylor Osborne of JLL represented the undisclosed seller in the transaction.
EL PASO, TEXAS — Atlanta-based investment firm MDH Partners has acquired Loop 375 Industrial, a 554,960-square-foot property in El Paso. The 36.7-acre development is located at the northeast corner of Amesbury Avenue and Joe Battle Boulevard and consists of three buildings, two of which span 107,943 square feet. The third building totals 339,074 square feet. Loop 375 Industrial features clear heights of 32 to 36 feet, a total of 191 dock doors and parking for 230 cars. Bret Felberg and Jeff Morris of Colliers represented the undisclosed seller in the transaction. Georga Rowe led the acquisition for MDH Partners. Building 1 is fully leased, as is roughly 200,000 square feet in Building 3. CBRE leases the property.
UNIVERSITY PARK, ILL. — Cushman & Wakefield has negotiated a full-building industrial lease totaling 1.6 million square feet at 701 Central Ave. in the Chicago suburb of University Park. The transaction marks the largest warehouse lease in the Chicago market in 2024, according to the brokerage firm. Sean Henrick and Ryan Klink of Cushman & Wakefield represented the landlord, W. P. Carey. Jason West, Lou D’Avanzo and Adam Cooke of Cushman & Wakefield represented the tenant, a global tech and logistics company. W. P. Carey made several capital improvements to the property. The tenant is consolidating its footprint into a single facility.
COLUMBUS, OHIO — 3650 REIT and JPMorgan Chase & Co. have provided a $62 million loan for the refinancing of Columbus Business Park, a 2.2 million-square-foot industrial development located at 4545 Fisher Road in Columbus. The borrowers are Industrial Commercial Properties LLC and Industrial Realty Group. Columbus Business Park features 225 dock doors, seven drive-in doors and clear heights ranging from 25 to 35 feet. The loan term was five years.
HOLBROOK, N.Y. — Locally based brokerage firm CAMCO Commercial Real Estate has negotiated a 17,022-square-foot industrial lease on Long Island. The tenant, food wholesaler 496 Express Foods Inc., is taking space at the 300,000-square-foot Sherwood Corporate Center in Holbrook. The space can support cold storage uses. CAMCO represented both the tenant and undisclosed landlord in the lease negotiations.
LAREDO, TEXAS — SE Legacy Development LLC, a development firm founded by the Walker Family, has broken ground on a $7.4 billion master-planned project in South Texas. The development, named Talise, will be situated on 13,000 acres north of Laredo in an unincorporated portion of Webb County. Situated at the intersection of I-35, U.S. Highway 83 and Texas Highway 255, Talise will feature thousands of single-family and multifamily residences, an industrial and manufacturing park, town center retail space, regional airport and a newly discovered water source. The name Talise is a term with Native American-Iroquoian roots meaning “lovely water.” The Walker Family, a multi-generational entity that has owned ranch land spanning more than 250,000 acres over the course of its history, owns the land for Talise and is investing $1.6 billion in the development. The Walker Family discovered the water source on the land and is proposing a way to use the resource as an alternative solution to current water shortages in Laredo and Webb County. The newly established Legacy Water Supply Corp. is proposing a method to treat 50 million gallons of water within the Talise land holdings daily. SE Legacy Development is drilling 40 water wells to access …
FORT PIERCE, FLA. — CBRE has secured a 1 million-square-foot lease on behalf of landlord SL Industrial Partners at 5001 Crossroads Parkway in Fort Pierce, a city in South Florida’s St. Lucie County. The tenant, Atlanta-based BroadRange Logistics, a third-party logistics warehousing and service provider, will occupy the space later this year. Robert Smith, Kirk Nelson, Jeff Kelly, David Murphy and Monica Wonus of CBRE represented SL Industrial Partners, a member of The Silverman Group family of companies, in the lease negotiations. This lease marks BroadRange’s third warehouse in Florida, adding to locations in Orlando and Ocala, as well as the largest industrial lease in Florida year-to-date, according to CBRE. Dubbed Interstate Crossroads Logistics Center, the newly delivered warehouse features 40-foot clear heights, LED lighting, ESFR sprinklers, 232 dock-high doors, four drive-in doors, 472 parking spaces and 412 trailer spaces. The property sits on a 132-acre site between I-95 and the Florida Turnpike.
AURORA AND DENVER, COLO. — Malman Commercial Real Estate has arranged the off-market sales of two industrial buildings in Aurora and Denver for a total of $21.2 million. Jake Malman of Malman Commercial Real Estate represented the sellers of the buildings, which total 205,966 square feet. The buyers were not represented in the transactions. In one deal, 4999 LTD sold a 50,050-square-foot industrial warehouse at 4999 Oakland St. in Denver to 4999 Oakland Owner LLC, a Delaware limited liability company. In the second transaction, 40th Street Partners LLC sold a 155,916-square-foot distribution building at 18245 E. 40th Ave. in Aurora to 18245 40th Owner LLC.
MESA, ARIZ. — Tempe-based Sun State Builders, on behalf of Greenwood and McKenzie Real Estate Investments, has completed Gateway Quads, a $17 million, 122,780-square-foot industrial center in Mesa. Situated on 10 acres on East Germann Road and South 18th Street, Gateway Quads features four 30,6800-square-foot industrial and retail buildings, which are divisible to 7,600 square feet. The buildings offer 24-foot ceilings and multiple truck loading areas. Winston Architects worked on the project, with construction beginning in August 2023.