REBusinessOnline

Axiom Capital Arranges $16M Loan for Refinancing of Upstate New York Industrial Portfolio

COLONIE, N.Y. — Commercial finance and advisory firm Axiom Capital Corp. has arranged a $16 million permanent loan for the refinancing of a portfolio of 16 industrial buildings totaling 302,914 square feet in Colonie, located outside of Albany in upstate New York. The direct lender was a bank, and the borrower was a locally based private investment group. Both parties requested

Stockbridge Acquires 147,435 SF Warehouse Facility in Mesa, Arizona

MESA, ARIZ. — Stockbridge has purchased a single-tenant warehouse/distribution building situated on 28.6 acres at 3115 N. Higley Road in Mesa from Lexin Capital for an undisclosed price. Built in 2018, a Fortune 10 global e-commerce company fully occupies the 147,435-square-foot property.Will Strong, Kirk Kuller, Greer Oliver and Connor Nebeker-Hay of Cushman & Wakefield’s National Advisory Group represented the seller in the deal.Designed as a last-mile delivery station, the …

LDG Commercial Buys 61,500 SF Distribution Building in San Diego’s Otay Mesa District

SAN DIEGO — LDG Commercial Real Estate has purchased a warehouse and distribution building in San Diego’s Otay Mesa submarket. The San Diego-based company acquired the asset for $10.5 million in an off-market transaction. The name of the seller was not released.Located at 9840 Siempre Viva Road, Across Town Movers fully occupies the 61,500-square-foot

Prologis Buys California’s Great America Amusement Park Site in Silicon Valley from Cedar Fair for $310M

SANTA CLARA, CALIF. — Cedar Fair LP (NYSE: FUN), an amusement and water parks owner and operator based in Sandusky, Ohio, has sold the land at California’s Great America amusement park in the Silicon Valley town of Santa Clara. Prologis (NYSE: PLD), an industrial REIT based in San Francisco, purchased the 112 acres for $310 million and executed a lease with Cedar Fair to continue operating the park.Cedar Fair plans to eventually close Great America, which was built in 1976 by Marriott …

Marcus & Millichap Brokers Sale of 194-Unit Self-Storage Facility in New Braunfels, Texas

NEW BRAUNFELS, TEXAS — Marcus & Millichap has brokered the sale of Brauntex Storage, a 194-unit self-storage facility that sits on 2.5 acres on the northeastern outskirts of San Antonio. Dave Knobler and Jon Danklefs of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The duo also procured the buyer, a New York-based investment firm. Both parties requested

DHL Signs 516,800 SF Lease at Savannah Gateway Industrial Hub

SAVANNAH, GA. — DHL, a German logistics company, has leased 516,800 square feet of industrial space within Savannah Gateway Industrial Hub (SGIH) for its new “import facility.” The 2,600-acre industrial campus underway near the Port of Savannah is a public-private partnership between Broe Real Estate Group, its transportation affiliate OmniTRAX and the Effingham County Industrial Development Authority. DHL will anchor a new 790,400-square-foot cross-dock facility that is scheduled to come …

CapRidge Buys 285,000 SF DeKalb Technology Center Flex Office Campus in Metro Atlanta

DORAVILLE, GA. — CapRidge Partners, a real estate investment firm based in Austin, has purchased DeKalb Technology Center, a flex office park in Doraville spanning 285,000 square feet across eight buildings. Situated in metro Atlanta near the intersection of I-85 and I-285, which is known locally as Spaghetti Junction, the campus was 67 percent leased at the time of sale. Jordan Camp and Reid Hanner of Foundry Commercial represented CapRidge in the sale. The buyer and sales price were not …

Sealy & Co. Acquires 148,172 SF Light Industrial Portfolio in Pittsburgh

PITTSBURGH — Sealy & Co., an investment firm with offices in Dallas and Shreveport, La., has acquired The Imperial Light Industrial Portfolio, which comprises two buildings totaling 148,172 square feet in Pittsburgh. The buildings are located within the Chapman Westport master-planned development near Pittsburgh International Airport and can support office, distribution and lab uses. John Plower of JLL represented the undisclosed seller in the transaction. Jason Gandy and Davis Gibbs …

LPC, Angelo Gordon Break Ground on 120,600 SF Spec Industrial Project in Metro Boston

MARLBOROUGH, MASS. — A partnership between Dallas-based Lincoln Property Co. (LPC) and New York-based alternative investment firm Angelo Gordon has broken ground on a 120,600-square-foot industrial project in the western Boston suburb of Marlborough. The speculative facility will feature a clear height of 32 feet and 10 loading docks. ARCO National Construction is the general contractor for the project, and LPC will also handle leasing. Completion is slated for the second quarter of

Kidder Mathews Negotiates Sale of 126,500 SF Glendale Financial Square in California

GLENDALE, CALIF. — Kidder Mathews has arranged the sale of Glendale Financial Square, an office building located at 225 W. Broadway in Glendale. Two Southern California real estate investment firms taking ownership as Hacienda Associates LP acquired the asset from a partnership between three local investors (Hyun 1996-2 Family LP, Royalblue LLC and Broadway JSY LLC) for $27.5 million.Glendale Financial Square features 126,500 square feet of office space and a stable tenant base. The buyer …

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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