LIVINGSTON, N.J. — Cushman & Wakefield has arranged the sale of West Essex Logistics Center, a 293,887-square-foot industrial property in the Northern New Jersey community of Livingston. The property is a redevelopment of the former CIT Bank office headquarters campus and features a clear height of 36 feet, 54 loading docks and two drive-in doors. Gary Gabriel, David Bernhaut, Kyle Schmidt and Ryan Larkin of Cushman & Wakefield represented the seller, a partnership between Bluewater Property Group and Affinius Capital, in the deal. The buyer was Atlanta-based Invesco Real Estate.
ABERDEEN, MD. — A joint venture between MCB Real Estate LLC, Artemis Real Estate Partners and principals of Ace Logistics Services Inc. has acquired Tower Logistics Center, an 859,900-square-foot warehouse at 1225 S. Philadelphia Road in Aberdeen. The facility, which will be rebranded Ace Logistics Center, is situated on 98.5 acres in Baltimore’s I-95 North submarket. The seller is a partnership between Merritt Properties and BentallGreenOak, which developed the property in 2021. Benjamin Meisels and Peter Hajimihalis of JLL represented the buyer and Ace Logistics in the lease deal. Bo Cashman and Jonathan Beard of CBRE represented the seller. Ace Logistics Center features clear heights of 40 feet, 189 cross docks, four drive-in doors, 310 trailer parking spaces and 130-foot truck court depths. Ace Logistics Services has signed a long-term lease for the building and expects to begin operations later this month. The firm provides cargo handling, warehousing and logistical services and currently operates eight facilities totaling 1.4 million square feet of space, as well as six outside storage/drop yards, all close to the Port of Baltimore.
CONOVER, N.C. — Chicago-based Brennan Investment Group has acquired an industrial property located at 221 South McLin Creek Road in Conover. Axjo America Inc., a division of Swedish polymer company Axjo, fully occupies the 143,268-square-foot building, which is situated on an 8.3-acre site about 45 miles northwest of Charlotte. The property offers proximity to I-40, NC Highway 16 and U.S. Route 321. The seller and sales price were not disclosed. The Conover facility is Brennan’s fifth industrial investment in the Carolinas in the past 18 months, according to Scott McKibben, Brennan’s chief investment officer and managing principal.
LONG BEACH, CALIF. — EverWest Real Estate Investors has acquired a 101,175-square-foot warehouse facility in Long Beach. The facility is situated immediately off interstates 710 and 405, just north of the Ports of Long Beach/Los Angeles. The building features up to 22-foot clear height, 12 dock-high and three grade-level doors, a separate truck court and a secured fenced storage yard. It is fully leased to FLS Warehouse and Distribution. The site also offers significant acreage deployable for a variety of uses, including industrial outdoor storage (IOS). Abie Kassin, Ikey Betesh and Michael Schoenbrun of Meridian Investment Sales represented both the buyer and the seller in the transaction.
TOLLESON, ARIZ. — Tempur-Pedic has signed a full building prelease at Buckeye85 near Phoenix’s I-10 Corridor. It is located at 10333 W. Buckeye Road in Tolleson. The lease brings the $60 million warehouse and distribution project to full occupancy prior to construction completion. The 321,892-square-foot space will become home to a new Tempur-Pedic distribution center, allowing to the company to continue expanding its long-standing, multi-building metro Phoenix logistics presence. JLL’s Riley Gilbert represented Tempur-Pedic in the lease agreement. Lincoln Property Co. owns Buckeye85.
PFLUGERVILLE, TEXAS — Dallas-based developer Ironwood Realty Partners is underway on construction of a project in the northern Austin suburb of Pflugerville that will add 490,000 square feet of industrial space across three buildings to the local supply. The project represents the third and final phase of 130 Crossing, a development whose first two phases featured five buildings totaling 675,000 square feet. Alliance Architects is designing Phase III, and Catamount Constructors is serving as the general contractor. Stream Realty Partners is the leasing agent. Completion is slated for the fourth quarter.
NORTH FAYETTE, PA. — Locally based developer Ashford Partners has begun vertical construction on North Fayette Industrial Park, a $100 million project in North Fayette, a western suburb of Pittsburgh. Plans for the 164-acre development currently call for nine buildings totaling roughly 850,000 square feet. Ashford Partners expects to deliver the first of the eight 100,000-square-foot buildings, which will feature a clear height of 30 feet, 10 loading dock doors, two drive-in doors and an ESFR sprinkler system, by the end of the year. Bateman NFIA & Associates is Ashford’s financial partner on North Fayette Industrial Park.
ROSELLE, ILL. — Coaster Co. (COA Inc.) has signed an industrial lease to fully occupy Turnberry 5 in Roselle, which is located in Chicago’s North DuPage submarket. The 150,209-square-foot building is situated at 1550 Central Ave. within Turnberry Industrial Park. Jeff Janda and Tim Cronin of Lee & Associates represented COA, which is relocating from Des Plaines, Ill. Mike Freitag, Kelly Disser and Dan Leahy of NAI Hiffman represented the owner, Prologis. COA distributes and supplies household furniture.
OCALA, FLA. — Circularix has signed a 67,250-square-foot lease at Airport Logistics Park, an industrial development currently underway at 2675 Southwest 60th Avenue in Ocala. Phase I of the project, which totals 725,400 square feet across three buildings, is now fully preleased. The tenant is scheduled to occupy the space beginning in the first quarter of 2024. Rian Smith, Kris Courier and Josh Tarkow of CBRE represented the landlord, Leon Ocala Holdings IV, in the lease negotiations. The second phase of the project, which is located adjacent to Ocala International Airport, could add up to 400,000 square feet to the property.
NEWBURY PARK, CALIF. — NEXGEN has acquired a 23,919-square-foot industrial life sciences/laboratory facility in Newbury Park for $6.2 million. The facility is located at 3615 Old Conejo Road within the USA Business Park in the Conejo Valley industrial market. Century 21 represented NEXGEN in the transaction. Matt Ehrlich and Marcos Villagomez of NAI Capital Commercial represented the seller, Dao Bui Holdings. Ehrlich and Villagomez spent more than a year on the project, facilitating the lease termination and departure of the former tenant and assisting as de facto property managers.