Industrial

Alliance-Westport-12-Fort-Worth

FORT WORTH, TEXAS — Hillwood will develop Alliance Westport 12, a 1.2 million-square-foot speculative industrial building that will be located on the developer’s 27,000-acre AllianceTexas campus in North Fort Worth. The cross-dock building will feature 40-foot clear heights, 70-foot loading bays, 190-foot truck court depths and 278 trailer parking spaces (expandable to 569). GSR Andrade is the project architect, and Westwood Professional Services is the civil engineer. Bank of America is financing construction of the project, which is scheduled to begin before the end of the month and to be complete in 2027.

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MANCHESTER, N.H. — Regional brokerage firm Atlantic Capital Partners has negotiated the $7.8 million sale of a 51,600-square-foot industrial building in the southern New Hampshire city of Manchester. The building at 85-95 Faltin Drive features a clear height of 16 feet and multiple loading docks. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the buyer and seller, both of which requested anonymity, in the transaction.

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FORT MEYERS, FLA. — Matthews has negotiated the $30 million sale of a seven-property flex industrial portfolio located along the I-75 corridor at 6150-6481 Metro Plex Drive in Fort Myers. Nick Watson, Jake Lurie and Aiden Hawkins of Matthews represented the undisclosed seller in the transaction. Matthews also sourced the buyer, which is an experienced operator that had pursued the portfolio prior to the seller’s decision to market the property. The flex industrial portfolio spans 218,000 square feet and includes 36 dock-high doors, nine drive-in doors and 19- to 26-foot clear heights.  

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ORLANDO, FLA. — VanTrust Real Estate has purchased 71.2 acres within Sunbridge Business Park in Orlando for the development of an industrial park dubbed SunPark Industrial. The buyer acquired the land from a joint venture between Land Reserve and Tavistock Development Co., the developers of the Sunbridge master-planned community and the Lake Nona master-planned development, which is also in Orlando. Phase I of SunPark Industrial will comprise three buildings totaling roughly 956,600 square feet. Construction is slated to begin in the third quarter, with delivery of the first two buildings anticipated for the third quarter of 2027. A future Phase II would encompass an additional 77 acres and could support roughly 1 million square feet of industrial development. Opened in 2020, Sunbridge is a 27,000-acre “naturehood” located across Orange and Osceola counties that features a mix of homes, 55+ active adult communities, schools, nature trails, cafés, employment centers and Sunbridge Business Park, which spans 700 acres.

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10400-Amargosa-Rd-Hesperia-CA

HESPERIA, CALIF. — JLL Capital Markets has arranged $33.8 million in first lien construction financing for the development of 10400 Amargosa Road, a to-be-built Class A industrial facility in Hesperia. Matt Stewart, Kellan Liem, Allie Black and Cameron Sepahi of JLL secured the five-year (inclusive of extension options), fixed-rate loan through TDA Investment Group for the borrower. Situated on a 21.5-acre site, the 428,185-square-foot, single-tenant building will feature a clear height of 36 feet, rear-load capabilities, an ESFR fire sprinkler system and 100 percent secure truck court with space for 59 trailer stalls and 216 auto parking spaces, including electric vehicle charging capabilities. The Covington Group will develop the project on behalf of owner/user Pixior Group. Construction is slated for completion in 11 months.

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PhaseI-The-Hub-ONT-Ontario-CA.jpg

ONTARIO, CALIF. — Affinius Capital, McDonald Property Group and PREMIER Design + Build Group have completed Phase I of The HUB @ Ontario International Airport (ONT), a master-planned logistics park in Ontario. The development is owned by CanAm Ontario, a venture between an investment affiliate of Affinius Capital and McDonald Property Group. Located adjacent to the Ontario International Airport, The HUB @ ONT spans 200 acres under a 55-year ground lease agreement with the Ontario International Airport Authority. Upon full build-out, the campus will total more than 4.2 million square feet of industrial space delivered over a 28-month schedule. Phase I includes four buildings offering more than 2 million square feet of industrial space. Phase II, slated for delivery this spring, will add five buildings totaling 2.2 million square feet on 96 acres of land to the project.

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9400-Latham-St-Tolleson-AZ

TOLLESON, ARIZ. — Transwestern Investment Group (TIG), on behalf of a separately managed account, has purchased a two-building industrial property at 9400 Latham St. in Tolleson. Terms of the transaction were not disclosed. Delivered in 2022, the 662,804-square-foot property is fully leased. Building A is a 402,015-square-foot cross-dock facility with a clear height of 36 feet, a 190-foot truck court, ESFR sprinkler systems and abundant trailer parking. Building B totals 260,789 square feet and features a rear-load configuration with a clear height of 32 feet, a 130-foot truck court and ESFR sprinklers.

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DAVENPORT, IOWA — Electro Freeze, a frozen treat machine manufacturer, has signed a 301,320-square-foot lease at Russell Industrial Park in Davenport within the Quad Cities. The company will relocate from East Moline in July. Michael Minard, Austin Hedstrom, Tanner Hedstrom and Marcus Pitts of JLL represented the landlord, Russell, an Iowa-based construction and development firm. The property is the fourth of six buildings to reach full occupancy within the 95-acre industrial park. Other tenants include Ryder Logistics, Nestlé Purina, PODS, Crescent Electric and Tube and Solid Tire. The buildings total nearly 1.5 million square feet, with over 500,000 square feet remaining available for lease. Electro Freeze’s commitment brings more than 200 jobs to Davenport.

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ELK GROVE VILLAGE, ILL. — Dalfen Industrial has acquired a multi-tenant industrial property on Howard Street in Elk Grove Village. Built in 1990, the facility offers immediate access to I-90, I-290, I-294 and the Chicago O’Hare International Airport. The asset is currently 75 percent leased and includes a move-in ready vacancy. Each suite features both dock-high and drive-in loading, providing flexible functionality for distribution and light industrial users. With this transaction, Dalfen now owns and operates 17 buildings across the Midwest. The company aims to double its footprint in the region over the next 12 months.

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SUMMERVILLE, S.C. — CBRE has negotiated a 342,000-square-foot lease within Coastal Crossroads Industrial Park, a 180-acre industrial development in the Charleston suburb of Summerville. Mobix Fulfillment, a third-party logistics firm based in Utah, will occupy the building at 420 Strathmore Road. The lease represents the first closed transaction within Coastal Crossroads, according to CBRE. Bob Barrineau, Brendan Redeyoff and Tim Raber of CBRE represented the landlord, Citimark Pure Charleston, in the lease negotiations. Ryan Young of Cushman & Wakefield represented Mobix. Remaining availability at Coastal Crossroads includes two existing spaces spanning 208,000 and 500,000 square feet, along with two build-to-suit sites ranging from 200,000 to 1.2 million square feet.

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