Industrial

Stonemont, Fortius Complete 702,250 SF Industrial Park in Metro Charlotte, Sell Building to Chick-fil-A Supply

by John Nelson November 20, 2023

KANNAPOLIS, N.C. — Stonemont Financial Group and Fortius Capital Partners have completed the development of Lakeshore Corporate Park, a 702,250-square-foot industrial park in the north Charlotte suburb of Kannapolis. Situated off I-85 on Stadium Drive, the property comprises three buildings featuring 32- to 36-foot clear heights, full-building circulation and 260- to 310-foot depths. Building 1 totals 128,750 square feet, and Buildings 2 and 3 comprise 294,500 and 279,000 square feet, respectively. The property also includes 515 car parking spaces and 76 trailer parking stalls. Chick-fil-A Supply, a subsidiary of Chick-fil-A Inc., has purchased Building 1, with plans to use the facility as a distribution and operations center. Construction of the development began in July 2022, and the project team included Choate Construction Co., Triad Design Group and Oak Engineering.

November 20, 2023

Development Industrial Texas

Masonite Opens 626,718 SF Manufacturing, Distribution Facility in Mesquite, Texas

by Taylor Williams November 20, 2023

MESQUITE, TEXAS — Masonite, a provider of interior and exterior doors for commercial and residential buildings, has opened a 626,718-square-foot manufacturing and distribution center in the eastern Dallas suburb of Mesquite. The facility, which is Masonite’s second in the area, can support operations such as door assembly, direct fulfillment, pre-finishing/painting and product display via a showroom. In addition, the site offers proximity to several major thoroughfares, including State Highway 80 and Interstates 20 and 635. Dallas-based Dalfen Industrial owns the building.

November 20, 2023

Industrial Leasing Activity Texas

KidsTale Playgrounds Signs 162,790 SF Industrial Lease in Northwest Houston

by Taylor Williams November 20, 2023

HOUSTON — KidsTale Playgrounds has signed a 162,790-square-foot industrial lease at Fairbanks Northwest Distribution Center in Houston. The supplier of children’s recreational products will occupy the entirety of the North Building, which features 32-foot clear heights, four drive-in ramps, 180-foot truck courts depths and ample trailer parking. Allison Bergmann and Jim Foreman of Cushman & Wakefield represented the landlord, locally based developer Triten Real Estate Partners, in the lease negotiations. Brett Lewis of Lee & Associates represented KidsTale.

November 20, 2023

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 122,500 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams November 20, 2023

FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 122,500-square-foot industrial lease renewal at 6445 Will Rogers Blvd. on the south side of Fort Worth. According to LoopNet Inc., the property was built in 2000 and totals 385,000 square feet. Matt Carthey and Thomas Grafton of Holt Lunsford represented the landlord, Boston-based TA Realty, in the lease negotiations. The representative of the tenant, Lineage Redistribution, was not disclosed.

November 20, 2023

Acquisitions Industrial Nevada Western

CBRE Brokers $9.6M Sale of Industrial Building in Henderson, Nevada

by Amy Works November 20, 2023

HENDERSON, NEV. — CBRE has negotiated the sale of an industrial property located at 975 American Pacific Drive in Henderson. Apenzell Investments acquired the asset from Unilev Capital Corp. and Mandalay Advisors, an affiliate of Palladius Capital Management, for $9.6 million. The two-story, 55,974-square-foot building features seven docks, five drive-in doors, 26-foot clear height and 126 surface parking spaces. Additionally, the asset includes three egress/ingress points. Tyler Ecklund of CBRE’s Investment Properties represented the seller in the transaction.

November 20, 2023

Data Centers Development Leasing Activity Southeast Virginia

TA Realty Signs Tenant for 1.9 MSF Build-to-Suit Data Center Project in Metro D.C.

by John Nelson November 17, 2023

LEESBURG, VA. — TA Realty has signed a build-to-suit lease agreement with an unnamed tenant at its 1.9 million-square-foot data campus project in Leesburg, approximately 40 miles outside of Washington, D.C. The tenant, a global cloud services provider, will occupy the entirety of the property. Construction of the development, which will comprise five buildings, is scheduled to begin later this year. Completion is scheduled for 2027.

November 17, 2023

Development Georgia Industrial Southeast

Dermody Plans 181,000 SF Industrial Project in Douglasville, Georgia

by John Nelson November 17, 2023

DOUGLASVILLE, GA. — Dermody Properties plans to develop LogistiCenter at Bright Star, a 181,000-square-foot industrial project located in Douglasville, roughly 23 miles west of Atlanta. Upon completion, the property will feature two logistics buildings that will be divisible for up to three tenants each. Building 1 will comprise 113,400 square feet and feature 32-foot clear heights, 50- by 45-foot column spacing with a 60-foot speed bay, 28 dock-high doors, two drive-in doors, approximately 90 car parking spaces and ESFR fire protection. Building 2 will total 68,040 square feet with 32-foot clear heights, 40- by 54-foot column spacing with a 60-foot speed bay, 26 dock-high doors, two drive-in doors, approximately 50 car parking spaces and ESFR fire protection. Construction is scheduled to begin early next year. Mason Marstellar of Hughes Commercial Real Estate represented Dermody Properties in the deal.

November 17, 2023

Industrial Leasing Activity Texas

CBRE Arranges 343,760 SF Industrial Lease in Metro Houston

by Taylor Williams November 17, 2023

KATY, TEXAS — CBRE has arranged a 343,760-square-foot, full-building industrial lease at Pederson Logistics Center in the western Houston suburb of Katy. The site spans 25 acres and offers immediate proximity to I-10. Jacob Westfall and Boomer White of CBRE represented the tenant, exercise equipment provider Johnson Health Tech, in the lease negotiations. Jason Dillee and Nathan Wynne, also with CBRE, represented the landlord, Houston-based Triten Real Estate Partners.

November 17, 2023

Industrial Leasing Activity Lee & Associates Texas

UniUni Signs 36,000 SF Industrial Lease in Carrollton, Texas

by Taylor Williams November 17, 2023

CARROLLTON, TEXAS — Third-party logistics firm UniUni has signed a 36,000-square-foot industrial lease in the northern Dallas metro of Carrollton. According to LoopNet Inc., the property at 1401-1407 Dunn Drive was built in 1980 and totals 100,800 square feet. Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, High Street Realty, in the lease negotiations. The tenant representative was not disclosed.

November 17, 2023

Southern-New-Jersey-Light-Industrial-Portfolio

Acquisitions Industrial New Jersey Northeast

Endurance Real Estate Sells 342,098 SF Industrial Portfolio in Southern New Jersey

by Taylor Williams November 17, 2023

DELRAN AND SWEDESBORO, N.J. — Endurance Real Estate Group, a developer based in metro Philadelphia, has sold a portfolio of five industrial buildings totaling 342,098 square feet in the Southern New Jersey communities of Delran and Swedesboro. The specific addresses of the shallow-bay buildings, all of which were constructed in the 1970s and 1980s, were not disclosed. The buyer was Taurus Investment Holdings. Michael Hines, Brad Ruppel, Joe Hill, Lauren Dawicki, Dan McGovern and Charlotte Sands of CBRE brokered the deal. The portfolio was fully leased to 22 tenants at the time of sale.

November 17, 2023

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