DALLAS — Locally based investment firm Apricus Realty Capital has acquired a nine-acre industrial outdoor storage facility located at 11801 C.F. Hawn Freeway in southeast Dallas. The fenced facility, which was fully leased at the time of sale, houses more than 200 truck/trailer parking spaces as well as a 12,950-square-foot building for repairs and maintenance. The seller and sales price were not disclosed.
HOUSTON — Ocean Edge Services, a provider of subsea hydraulic controls for the energy sector, has signed a 19,755-square-foot, full-building industrial lease in northwest Houston. According to LoopNet Inc., the single-tenant property at 8430 N. Sam Houston Parkway W was built in 2003. Travis Land of Partners Real Estate represented the undisclosed landlord in the lease negotiations. Will Austin of Bridge Commercial Real Estate represented the tenant.
TETERBORO, N.J. — JLL has arranged a $39 million acquisition loan for a 221,448-square-foot warehouse and distribution center in the Northern New Jersey community of Teterboro. Building features include a clear height of 22 feet, 15 dock-high doors, 11 drive-in doors, 95 parking spaces and 15 trailer parking spaces. Michael Klein, John Rose, Jon Mikula and Ryan Carroll of JLL arranged the fixed-rate loan through insurance giant Nationwide on behalf of the borrower, a joint venture between local developer The Hampshire Cos. and Atlanta-based Invesco Real Estate. The property was fully leased to Fashion Logistics at the time of sale.
LAS VEGAS — CapRock Partners has completed construction of two industrial warehouse distribution facilities in Las Vegas totaling nearly 700,000 square feet. The first asset, Tropical Logistics Phase II, contains three single-tenant buildings totaling 442,780 square feet in the North Las Vegas submarket. The space is fully pre-leased to high-quality tenants. The second asset is Spanish Ridge Industrial Park, which contains three buildings totaling 230,899 square feet in the Southwest submarket. It is partially pre-leased to investment-grade credit tenants. Rob Lujan, Xavier Wasiak and Jason Simon of JLL represented CapRock Partners in the leasing of Spanish Ridge Industrial Park and Tropical Logistics Phase II.
COLUMBUS, OHIO — Iconic Equities has acquired a 322,840-square-foot warehouse in Southeast Columbus for an undisclosed price. The Class B property is situated on 23 acres at 3275 Alum Creek Drive near I-70 and two intermodal facilities, the CSX Intermodal and Norfolk Southern Rickenbacker Intermodal. The transaction marks Miami-based Iconic’s second acquisition in Columbus in the past year.
KENOSHA, WIS. — Eagle Foods has signed a 287,000-square-foot industrial lease at 94 Logistics Park in Kenosha. The company will use the space as its Midwest distribution hub. Eagle Foods takes almost half of Building 7, a 599,308-square-foot warehouse featuring a clear height of 36 feet, 62 docks, 70 trailer stalls and parking for 186 cars. Ned Frank and Jim Herbst of Colliers represented the tenant. Frank, along with colleagues Fred Regnery and Steve Stewart, represented the owner, Logistics Property Co.
BYHALIA, MISS. — Core5 Industrial Partners has signed Barrett Distribution Centers, a third-party logistics firm, to a full-building lease at I-269 Logistics Center Building D in Byhalia. The Atlanta-based developer delivered the 957,400-square-foot building in December 2022, and Barrett plans to occupy the space this month. Jacque Beeson of CBRE represented the tenant in the lease negotiations. The facility is located on a 70-acre site within the 5 million-square-foot I-269 Logistics Center campus at Highway 302 and I-269 in Marshall County, about 33 miles south of Memphis. Building D features 40-foot clear heights, a 6-inch Ductilcrete slab floor, parking for over 216 trailers and 597 auto parking spaces.
MELBOURNE, FLA. — Red Oak Capital Holdings has provided a $10.2 million acquisition loan for an 80,107-square-foot industrial facility located at 4401 Fortune Place in Melbourne. The borrower, Reich Brothers I LLC, used the bridge loan to acquire the Space Coast property and prepare it for occupancy by its sole tenant, Blue Origin, an aerospace, defense and space exploration company backed by Amazon founder Jeff Bezos. The property traded for $12.5 million. The interest-only loan was underwritten at an interest rate of 8.5 percent and features a 24-month term with two six-month renewal options. The borrower plans to exit the loan via permanent financing upon completion of re-tenanting the building to Blue Origin, according to Red Oak.
HOUSTON — Partners Real Estate has negotiated a 14,000-square-foot industrial sublease at 4555 Brittmoore Road in northwest Houston. According to LoopNet Inc., the property was originally constructed on 1.8 acres in 2002 and features 20-foot clear heights. Travis Land and Braedon Emde of Partners represented the sublessor, IA Manufacturing LLC, in the lease negotiations. The name and representative of the sublessee were not disclosed.
MESA, ARIZ. — Libitzky Property Cos. has purchased Gateway Technology Commerce Center, a two-building, 138,692-square-foot industrial project in Mesa, for $25.4 million. Gateway Technology Commerce Center is located at 7535 E. Ray Road, with immediate adjacency to the Phoenix-Mesa Gateway Airport and freeway frontage exposure to the Loop 202. The Class A asset was built in 2019. It is fully leased to six tenants. Steve Lindley, Alexandra Loye, Eric Wichterman and Mike Coover with Cushman & Wakefield’s capital markets and private capital teams in Phoenix represented the seller, along with Will Strong and Molly Hunt of Cushman & Wakefield’s national industrial advisory group.