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.
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.
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.
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.
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.
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.
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.
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.
CITY OF INDUSTRY AND COMMERCE, CALIF. — Boston-based Longpoint has purchased three industrial buildings in Los Angeles County totaling 321,479 square feet. The properties all feature vacancy rates of two percent or less. The properties include: Cushman & Wakefield National Industrial Advisory Group brokered the transaction for John Reed Commerce Center, and Alex Blecksmith of Colliers brokered the transactions for 2854 Supply Ave. and 6480 Corvette St.
SURPRISE, ARIZ. — Echo Real Estate Capital, with PREMIER Design + Build Group, has broken ground on Echo Park @ P132, a speculative industrial development in the Phoenix suburb of Surprise. Located at the intersection of Peoria Avenue and 132nd Avenue, the four-building project will offer a total of 182,870 square feet of industrial space ranging from 43,000 square feet to 48,000 square feet. Construction is slated for completion in October 2024. The project team includes Winton Architects, GF Group, KAEKO, Mechanical Designs and Hawkins Design Group.