HOUSTON — Atlanta-based investment firm MDH Partners has acquired a 603,389-square-foot industrial facility in Houston. Completed in 2023, the facility is situated within the 36.9-acre, 3.3 million-square-foot South Belt Central Business Park on the city’s south side. Building features include 36-foot clear heights, an ESFR sprinkler system and parking for 442 cars and 196 trailers. Trent Agnew, Charles Strauss and Tom Weber with JLL represented the undisclosed seller in the transaction. Georga Rowe represented MDH Partners on an internal basis.
SUGAR LAND, TEXAS — Partners Real Estate has brokered the sale of a 50,000-square-foot cold storage facility located within Sugar Land Business Park on the southwestern outskirts of Houston. According to LoopNet Inc., the property at 12501 Cardinal Meadow Drive was built in 2000. Chris Caudill of Partners and John Ferruzzo of Transwestern jointly represented the seller, Mainna Investments LP, in the transaction. Will Austin of Bridge Commercial represented the buyer, Gearment Investment LLC.
EDEN PRAIRIE, MINN. — KCB Real Estate has acquired a 740,000-square-foot industrial portfolio across two states for an undisclosed price. The portfolio includes a flex warehouse facility in Eden Prairie, a suburb of Minneapolis, as well as two distribution facilities in Bowling Green, Ky. The Bowling Green properties were built in 1990 and 2017, while the Eden Prairie facility was constructed in 1982. All the buildings feature multiple loading docks, and the Kentucky properties include automated warehouse management systems. KCB is an investment firm based in Pasadena, Calif.
WATERLOO, IOWA — Through real estate holding company JP Management Corp., Dignity Apparel LLC is purchasing a 77,000-square-foot manufacturing building in Waterloo, just south of Cedar Falls. The transaction, including remodeling space and purchasing equipment and software, represents a capital investment of $4.5 million. Dignity Apparel manufactures garments with domestically sourced fabrics for Image Pointe, its wholly owned subsidiary. The Iowa Economic Development Authority board awarded tax benefits for the acquisition through the High Quality Jobs program. Dignity Apparel plans to create 40 to 55 new jobs in Waterloo.
BROADVIEW, ILL. — Arrow Pneumatics Inc. has signed a renewal for its industrial lease at 2101 W. 21st St. in Broadview, a western suburb of Chicago. The tenant, which manufactures and distributes air preparation products, occupies the entire 43,175-square-foot building. Constructed in 1973, the property features 78 parking spaces and offers convenient access to I-290, I-294 and I-55. Mandy Lewandowski of DarwinPW Realty/CORFAC International represented the owners, Welbic III Broadview 21 LLC and Speedwagon Capital Partners. The tenant was self-represented.
ENGLEWOOD, COLO. — Unique Properties/TCN Worldwide has arranged the $2.1 million sale of a 12,000-square-foot warehouse and office facility in Englewood. The 2.5-acre plot is located at 3333-3355 S. Umatilla St. and 1975-1995 W. Girard Ave. It features large outdoor storage and parking, with access to major transportation networks. Keesen Landscape, a commercial landscaping company, leases the whole property on a long-term, triple-net lease. Brett MacDougall and Michael DeSantis and Hudson Cramer with Unique Properties/TCN Worldwide represented the unnamed seller. The buyer was also not disclosed.
WYOMISSING, PA. — Progress Realty Partners, a New Jersey-based private equity firm, has acquired Park Place Center, a 143,000-square-foot industrial flex property in Wyomissing, located about 60 miles northwest of Philadelphia. The site spans 11 acres, and the complex consists of 10 buildings ranging in size from 2,985 to 55,080 square feet. Affiliate firm Progress Capital arranged an acquisition loan for the deal that carried a 75 percent loan-to-value ratio and one year of interest-only payments. Alan Cafiero and Mark Gjonbalaj of Marcus & Millichap represented the undisclosed seller in the transaction.
DOVER, N.H. — The Washington Trust Co., a regional bank, has provided a $7.4 million acquisition loan for an 80,000-square-foot industrial property in Dover, located near the Maine-New Hampshire border. According to LoopNet Inc., the property at 44 Industrial Drive was constructed on 8.5 acres in 1971 and renovated in 1996. The facility was fully leased at the time of sale. The borrower was an affiliate of Massachusetts-based investment firm R.J. Kelly.
EDISON, N.J. — New Jersey-based Armstrong Logistics has signed an 86,936-square-foot industrial lease in the Northern New Jersey community of Edgewater. According to LoopNet Inc., the property at 250 Carter Drive was built on 36.4 acres in 1990, totals 408,860 square feet and offers a clear height of 27 feet. Scott Mertz of NAI Mertz represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.
SEATTLE — Amazon Web Services (AWS), a division of Amazon (NASDAQ: AMZN) that offers on-demand cloud computing platforms to individuals, companies and governments, plans to make a big investment in Central Ohio. The company, along with Ohio Gov. Mike DeWine and Lt. Gov. Jon Husted, announced the firm will invest approximately $7.8 billion to expand its data center operations in the region by the end of 2029. AWS is currently undertaking a site selection process across numerous localities in Central Ohio for the new data center campuses, the total number of facilities of which was not disclosed. Final site selections will be decided and announced at a later date. The move is expected to create 230 new jobs and an estimated 1,000 support jobs, according to J.P. Nauseef, president and CEO of JobsOhio, an economic development corporation based in Columbus. The AWS data center project represents the second-largest single private sector company investment in Ohio’s history, according to the governor’s office. The new data centers will contain computer servers, data storage drives, networking equipment and other forms of technology infrastructure used to power cloud computing. “Amazon is already one of the largest private-sector employers in Ohio, and the company’s continued growth …