Industrial

Safe & Green to Develop 1.1 MSF Manufacturing Facility in Durant, Oklahoma

by Taylor Williams August 3, 2023

DURANT OKLA. — Safe & Green Holding Corp. a designer and fabricator of modular structures, will develop a 1.1 million-square-foot manufacturing facility in Durant, located just north of the Oklahoma-Texas border. The site spans 114 acres on McLean Avenue. Approximately 120,000 square feet will be used for manufacturing, while the remaining space will support distribution, cold storage and other similar operations. The project team is currently in the design phase. A target completion date was not disclosed.

August 3, 2023

Industrial Leasing Activity Northeast Pennsylvania

Stateside Vodka Signs 40,000 SF Industrial Lease in Northeast Philadelphia

by Taylor Williams August 3, 2023

PHILADELPHIA — Stateside Vodka has signed a 40,000-square-foot industrial lease at Crown 95 Logistics Center in northeast Philadelphia. The development is located roughly six miles outside of the downtown area and consists of 381,200 square feet of newly built logistics/distribution space and 130,000 square feet of renovated/adaptively reused industrial space. Colliers represented the landlord, Court Street Ventures, in the lease negotiations. Cushman & Wakefield represented the tenant.

August 3, 2023

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 262-Unit Self-Storage Facility in Houston

by Taylor Williams August 2, 2023

HOUSTON — Marcus & Millichap has brokered the sale of AA Storage at Ruland Road, a 262-unit self-storage facility located about 10 miles west of downtown Houston. Built in 1971 and renovated multiple times in the ensuing decades, AA Storage at Ruland Road comprises five buildings on a 2.3-acre site. The unit mix consists of 112 climate-controlled spaces, 143 non-climate-controlled spaces and seven office spaces for a total of 49,539 net rentable square feet. Dave Knobler and Charles LeClaire of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

August 2, 2023

Development Industrial Kentucky Southeast

Kroger Opens Industrial Facility in Independence, Kentucky

by John Nelson August 2, 2023

INDEPENDENCE, KY. — Kroger has opened a new “spoke” industrial facility in Independence that will grow the grocer’s delivery presence in Northern Kentucky. The new facility will work in concert with Kroger’s existing customer fulfillment center in Monroe, Ohio, which is roughly 45 miles north of the spoke facility via I-75. Kroger associates will assemble orders at the Monroe facility, which will then be trucked to the Independence property and sorted and shipped out to customers in refrigerated delivery vans. At full operating capacity, the Independence facility will employ 100 associates. The property is the second spoke facility in Kentucky, joining a Louisville property that opened in May 2022.

August 2, 2023

Acquisitions Industrial Office Southeast Virginia

SRS Brokers $14M Sale of Office Flex Property in Springfield, Virginia Leased to Cox Communications

by John Nelson August 2, 2023

SPRINGFIELD, VA. — SRS Real Estate Partners has brokered the $14 million sale of a single-tenant flex office property in Springfield that is leased to Cox Communications. Located at 7741 Southern Drive, the 61,700-square-foot building was delivered in 1993 and has been occupied by Cox and its predecessor ever since. The property features offices, a laboratory, warehouse and auto repair space, as well as five loading bays and 414 surface parking spaces. Andrew Fallon and Philip Wellde Jr. of SRS represented the seller, Vienna, Va.-based WTG Properties Inc., in the transaction. The buyer, an entity doing business as CIA-7741 Southern Drive LLC, is a private real estate investment group based in Northern Virginia.

August 2, 2023

Acquisitions Industrial Maine Northeast

RAM Cos. Acquires 64,000 SF Industrial Property in Portland, Maine

by Taylor Williams August 2, 2023

PORTLAND, MAINE — Locally based investment firm The Ram Cos. has acquired a 64,000-square-foot industrial property in Portland, located in the southeastern part of Maine. The complex comprises three buildings with clear heights of 18 feet that were fully leased to nine tenants at the time of sale. RAM Cos. plans to upgrade the signage, landscaping and parking lots and rebrand the property as Portland Commerce Center. The seller and sales price were not disclosed.

August 2, 2023

Development Illinois Industrial Midwest

Meridian Design Build Completes Three Industrial Build-to-Suit Projects in Illinois

by Kristin Harlow August 2, 2023

DECATUR, MARION AND DANVILLE, ILL. — Meridian Design Build has completed construction of three industrial build-to-suit projects in Illinois. A global shipping and information services provider will occupy all three buildings. The first project is a 317,518-square-foot facility in Decatur. Scannell Properties developed the building, which features 10,920 square feet of office space, 174 interior van loading positions, 78 loading docks and a 607-car employee parking lot. Cornerstone Architects and civil engineer Spaceco made up the project team. SunCap Property Group served as the developer of a similar 251,000-square-foot building in Marion. The property features 11,411 square feet of office space, 147 interior van loading positions, 68 loading docks and a 537-car employee parking lot. Architect Ware Malcomb and civil engineer Manhard Consulting made up the project team. The third facility totals 217,323 square feet in Danville. Jones Development was the developer on the project, which features 10,500 square feet of office space, 119 interior van loading positions, 56 loading docks and a 390-car employee parking lot. The project team included Ware Malcomb and civil engineer Farnsworth Group.

August 2, 2023

Industrial Leasing Activity Midwest Wisconsin

Quality Logistics Solutions Signs Two New Leases in Wisconsin

by Kristin Harlow August 2, 2023

MOUNT PLEASANT AND STURTEVANT, WIS. — Quality Logistics Solutions has signed two new industrial leases in Wisconsin. The firm will occupy 9,840 square feet at 7900 Durand Ave. in Mount Pleasant, about 30 miles south of Milwaukee, and 4,472 square feet at the Renaissance Business Center in Sturtevant, just south of Mount Pleasant. Bob Flood and Brian Flood of Founders 3 Real Estate Services represented the tenant. The landlords were not disclosed.

August 2, 2023

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 292-Unit Self-Storage Facility in Houston

by Taylor Williams August 1, 2023

HOUSTON — Marcus & Millichap has brokered the sale of Holliday Boat & RV Storage, a 292-unit facility that is situated on a two-parcel, 5.2-acre site in Houston. The property, which was constructed in phases between 1990 and 1994, consists of 243 non-climate-controlled units and 49 outdoor parking spaces for a total of 73,993 net rentable square feet. Dave Knobler of Marcus & Millichap represented the seller, a private investor, in the transaction and procured the buyer, a Texas-based limited liability company. Both parties requested anonymity.

August 1, 2023

Acquisitions Industrial Texas

STRIVE Arranges Sale of 50,769 SF Industrial Building in Irving

by Taylor Williams August 1, 2023

IRVING, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of a 50,769-square-foot industrial building located at 1440 Corporate Drive in Irving’s Las Colinas district. At the time of sale, the building was fully leased to JVCKenwood, a Japanese multinational electronics company. Parker Tims and Jennifer Pierson of STRIVE represented the seller, a Pennsylvania-based investor, in the transaction. The buyer and sales price were not disclosed.

August 1, 2023

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