Industrial

JLL Brokers Sale of 638,330 SF Industrial Development in Metro Nashville

by Hayden Spiess September 26, 2024

PORTLAND, TENN. — JLL Capital Markets has brokered the sale of Portland Shoals Manufacturing Facility, a 638,330-square-foot industrial development located at 1500 Shoals Way in Portland, roughly 40 miles northeast of Nashville. Al. Neyer, which developed the property, was the seller. EQT Exeter Real Estate Income Trust (EQRT) acquired the development for an undisclosed price. Shoals Technologies Group fully occupies the property, which features 40-foot clear heights, 107 dock positions, four drive-in doors, 185-foot truck court depths and auto and trailer parking. JLL represented Al. Neyer in the transaction.

September 26, 2024

Georgia Industrial Leasing Activity Southeast

Three Tenants Sign Leases Totaling 695,560 SF at Industrial Campus in Savannah

by Hayden Spiess September 26, 2024

SAVANNAH, GA. — Three tenants have signed leases at Phase I of Logistics 16 at Ottawa Farms, an industrial campus currently underway in Savannah. The new leases bring the campus, which currently totals 1 million square feet, to well above 50 percent preleased. Linemart Inc., Homylink Furniture Inc. and BFG Supply will occupy 232,000; 309,000; and 153,000 square feet at the development, respectively. Construction on the project began in the third quarter of 2022. Ryan Hoyt, Bennett Rudder, Chris Tomasulo and Lindsey Wilmot of JLL manage leasing on behalf of the landlord, McCraney Property Co.

September 26, 2024

Industrial Leasing Activity Texas

J&C Warehouse Signs 271,339 SF Industrial Lease in Wilmer, Texas

by Taylor Williams September 26, 2024

WILMER, TEXAS — J&C Warehouse has signed a 271,339-square-foot industrial lease in the southern Dallas suburb of Wilmer. The company will occupy the entirety of ALTO Intermodal 45, a newly built cross-dock building. Building features include 40-foot clear heights, 99 car parking spaces (expandable to 267), 47 dock-high doors and 3,986 square feet of office space. Ben Wallace, Chris Teesdale and Tom Pearson of Colliers represented the landlord, ALTO Real Estate Investments, in the lease negotiations. Adam Jones of Stream Realty Partners represented the tenant.

September 26, 2024

Development Industrial Texas

Realterm, Alliance Break Ground on 236,693 SF Transload Facility in Laredo, Texas

by Taylor Williams September 26, 2024

LAREDO, TEXAS — A joint venture between Maryland-based investment firm Realterm and Texas-based Alliance Industrial has broken ground on a 236,693-square-foot transload facility in the Rio Grande Valley city of Laredo. The facility, which will be situated on a 19.7-acre site, will support various cross-border industrial operations and will be able to accommodate a single or multiple users. Building features will include 32-foot clear heights, 50 dock-high loading positions and 190 trailer parking spaces. Construction is expected to be complete by summer 2025.

September 26, 2024

Development Industrial Texas

Gauge Real Estate Begins Construction on 192,660 SF Industrial Project in Southeast Houston

by Taylor Williams September 26, 2024

HOUSTON — Locally based developer Gauge Real Estate Partners has begun construction of a 192,660-square-foot industrial project in southeast Houston. Gauge Southgate will consist of three front- and rear-load buildings that will range in size from 33,600 to 81,900 square feet and feature 28- to 32-foot clear heights, as well as a total of 49 dock-high doors, 139 car parking spaces and roughly 7,500 square feet of office space. Stream Realty Partners is marketing the project for lease. Delivery is slated for the second quarter of 2025.

September 26, 2024

Industrial Leasing Activity Texas

Stream Realty Partners Negotiates 120,440 SF Industrial Lease in Southeast Austin

by Taylor Williams September 26, 2024

AUSTIN, TEXAS — Stream Realty Partners has negotiated a 120,440-square-foot industrial lease in southeast Austin. The tenant, shipping logistics company Hotline Delivery Systems, is taking space at ATX 130, a four-building, 602,4000-square-foot development. Lena Thomas and Ryan Boozer of Stream represented the tenant in the lease negotiations. AQUILA Commercial represented the landlord, North Texas-based Jackson-Shaw, which broke ground on ATX 130 in spring 2023.

September 26, 2024

Acquisitions Industrial Nevada Western

EQT Exeter Purchases 1.1 MSF USA Parkway Distribution Center in Sparks, Nevada

by Amy Works September 26, 2024

SPARKS, NEVADA — EQT Exeter has acquired USA Parkway Distribution Center I and II, an industrial park totaling 1.1 million square feet within Tahoe-Reno Industrial Center in Sparks, from an institutional investor for an undisclosed price. Situated on 45.9 acres at 3300 Waltham Way and 201 Ireland Drive, USA Parkway Distribution Center I and II are cross-dock distribution buildings that offer a total of 135 dock-high doors, nine grade-level doors and 120- to 130-foot truck courts with four 60-foot concrete dock aprons. The asset was fully leased to five tenants at the time of sale, including Tesla and The Tire Rack, which occupy 70 percent of the property. Brett Hartzell, Rebecca Perlmutter and Paige Morgan of CBRE National Partners represented the seller in the deal. Erick Bennett, also with CBRE, served as the local market expert.

September 26, 2024

Acquisitions California Industrial Western

GID Industrial Acquires 105,469 SF Trolley Industrial Center in San Diego for $27.2M

by Amy Works September 26, 2024

SAN DIEGO — GID Industrial Acquisition has purchased Trolley Industrial Center, a multi-tenant, light industrial property in the San Ysidro submarket of San Diego, for $27.2 million. Bryce Aberg, Jeff Chiate, Jeffrey Cole, Matthew Leupold and Ryan Demerest of Cushman & Wakefield represented the seller, Washington Capital Management, in the deal. Originally built in the mid-1980s, Trolley Industrial Center has since been renovated and now offers 105,469 square feet of industrial space that is fully leased to three tenants. The building features a variety of bay sizes, 24-foot clear heights and grade-level and dock-high doors. The property is situated on 5 acres at 1330 30th St.

September 26, 2024

Industrial Leasing Activity Texas

BroadRange Logistics Signs 1.2 MSF Industrial Lease in Conroe, Texas

by Taylor Williams September 25, 2024

CONROE, TEXAS — BroadRange Logistics has signed a 1.2 million-square-foot industrial lease in Conroe, about 40 miles north of Houston. The third-party freight company is taking the entirety of Northport Logistics Center, which features 40-foot clear heights, 190-foot truck court depths, 273 trailer parking stalls and 224 loading dock doors. J.R. Wright and Russell Hofstetter of Atlanta-based Strategic Real Estate Partners represented the tenant in the lease negotiations. Nathan Wynne, Jason Dillee and Ed Frantz of CBRE represented the landlord, a partnership between locally based developer Lovett Industrial and private investment firm Cresset Partners. Construction of Northport Logistics Center began in September 2022.

September 25, 2024

Development Industrial Massachusetts Northeast Self-Storage

DXD Development Breaks Ground on 667-Unit Self-Storage Facility on Nantucket

by Taylor Williams September 25, 2024

NANTUCKET, MASS. — DXD Development has broken ground on a 667-unit self-storage facility on Nantucket, an island located off the coast of Massachusetts. SmartStop will manage the facility, which will span 96,238 net rentable square feet, including climate-controlled and vehicle storage spaces. Park East Construction Co. will serve as the general contractor for the project, which is being financed by Centreville Bank. Completion is scheduled for the third quarter of 2025.

September 25, 2024

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