ELLABELL, GA. — CRG has sold 77 acres within its 764-acre The Cubes at West Port industrial park in the west Savannah suburb of Ellabell to Lecangs, a global third-party logistics user. CRG and parent company Clayco plan to construct a new 1 million-square-foot industrial facility for Lecangs on the site, which sits roughly 25 miles from Savannah at 3438 U.S. Highway 80 E in Bryan County. The construction timeline for the Lecangs development was not disclosed.
SCOTTSVILLE, KY. — Global HVAC products manufacturer Halton Group has wrapped up the expansion of its manufacturing facility in Scottsville, a southern Kentucky city near the Tennessee border. The expansion comprises 47,000 square feet of new manufacturing space and 8,100 square feet for laboratories and offices, bringing the facility to 96,100 square feet. Halton expects the expansion to generate 60 new full-time jobs in the Allen County area. Halton has had a presence in Kentucky since 1988.
DALLAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 100,000-square-foot industrial lease in West Dallas. According to LoopNet Inc., the building at 8611 Ambassador Row was built in 1955. Canon Shoults and Maddy Canty of Holt Lunsford represented the owner, Toronto-based Oxford Properties, in the lease negotiations. Cameron Rogers of Rubicon Representation represented the tenant, Nelson Cos. Ones LLC.
RICHARDSON, TEXAS — Newmark has brokered the sale of Spring Creek Business Park, a 52,456-square-foot industrial property in the northeastern Dallas suburb of Richardson. According to LoopNet Inc., the building at 1111 Digital Drive was constructed on 3.6 acres in 1983 and features 18-foot clear heights. Sara Fredericks of Newmark represented the seller, Adima US LLC, in the transaction. Morgan Realty Group represented the buyer, an entity doing business as BBE Phoenix Fund LP.
HUMBLE, TEXAS — SRS Distribution Inc. has signed a 52,015-square-foot industrial lease in the northern Houston suburb of Humble. According to LoopNet Inc., the building at 19054 Kenswick Drive was built on 6.6 acres in 2011, and the lease is for the entirety of the property. Robert Alinger and Wes Williams of Colliers represented the landlord, Bertling Logistics, in the lease negotiations. Sarah Pickup and Will Clay of JLL represented the tenant.
PEORIA, ARIZ. — NAI Horizon has brokered the purchase of an industrial building located at 10857 N. 9th Ave. in Peoria, a suburb northwest of Phoenix. Glez C Properties LLC acquired the asset from Chris Finn for $9.5 million. The buyer plans to expand its construction and asphalt company, Gonzalez Asphalt, into the 81,060-square-foot, Class B warehouse facility, which was built in 2005. Jeffrey Garza Walker and Art Verdugo of NAI Horizon represented the buyer, while Gary Cornish of Newmark and Geoffrey Turbow of CBRE represented the seller in the deal. Eric Nutt of Commonwealth Title also helped facilitate the transaction.
FORISTELL, MO. — Brinkmann Constructors has broken ground on a 125,500-square-foot cold storage facility for Coastal Carriers in Foristell, about 43 miles west of St. Louis. The project marks the first of three phases. The property will include a 55,600-square-foot freezer with a 42-foot clear height; a 23,500-square-foot cold dock that will span 70 feet deep; a 29,300-square-foot cooler; and 15,500 pallet positions. There will also be an 8,600-square-foot office and a 7,500-square-foot battery charging and maintenance area. Plans call for 73 car parking spaces, 28 trailer spaces and 19 dock doors. Answers Inc. is the architect. Completion is slated for the fourth quarter of this year. Coastal Carriers is a Missouri-based transportation, warehouse and distribution company.
GREEN BAY, WIS. — NAI Pfefferle has brokered the sale of a 39,548-square-foot industrial building located at 1836 Sal St. in Green Bay. The sales price was undisclosed, but the asking price was $1.6 million. John Roberts of NAI Pfefferle arranged the sale. Bartlett Capital Group was the buyer.
BELLEVILLE, N.J. — Cushman & Wakefield has arranged a $53.5 million construction loan for a 204,407-square-foot industrial project in the Northern New Jersey community of Belleville. The site at 681 Main St. spans 15.3 acres, and the building will feature a clear height of 36 feet, 33 loading docks, four drive-in doors and parking for 160 cars and 43 trailers. John Alascio, Chuck Kohaut, T.J. Sullivan and Jason Blankfein of Cushman & Wakefield arranged the loan through Los Angeles-based PCCP on behalf of the borrower, Lincoln Equities Group.
PHOENIX — Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) has announced plans to build a third semiconductor plant on its TSMC Arizona campus in North Phoenix. In connection with the announcement, the U.S. Department of Commerce has entered into a preliminary memorandum of terms (PMT) with the Taiwanese company to provide $6.6 billion in direct funding through the CHIPS and Science Act. The PMT also allows for the federal government to provide TSMC with up to $5 billion in loans. The company plans to apply for U.S. Treasury Department Investment Tax Credits of up to 25 percent of the qualified capital expenditure at TSMC Arizona. Additionally, $50 million of the CHIPS funding at TSMC Arizona will be used in the training and development of the local workforce, according to a statement issued by President Joe Biden. The third factory will increase TSMC’s investment at the Arizona manufacturing site to more than $65 billion. TSMC is making the site the largest foreign direct investment in Arizona history and the largest foreign direct investments in a greenfield project in U.S. history. The company estimates that the three facilities will employ roughly 6,000 direct high-tech jobs, 20,000 construction jobs and tens of thousands of …