CARROLLTON, TEXAS — Building supplies distributor Stone Resources has signed a 91,000-square-foot, full-building industrial lease renewal in the northern Dallas metro of Carrollton. According to commercialcafé.com, the property at 2425 Carter Drive was built on 4.9 acres in 1986. Andrew Gilbert and Keaton Brice with Holt Lunsford Commercial represented the landlord, Taurus, in the lease negotiations.
DALLAS — Partners Real Estate has arranged a 10,985-square-foot industrial lease in northeast Dallas. According to LoopNet Inc., the property at 10480-10490 Brockwood Road was built in 1984 and totals 58,758 square feet. Jeff McVaney of Partners represented the tenant, building materials wholesaler CP Supply Co., in the lease negotiations. Josh Barnes of Holt Lunsford Commercial represented the undisclosed landlord.
MERRIMACK, N.H. — A partnership between Dallas-based Trammell Crow Co. and Diamond Realty Investments has broken ground on a 323,750-square-foot industrial project in Merrimack, located in southern New Hampshire. The site at 50 Robert Milligan Parkway spans 43 acres. Building features will include a clear height of 36 feet, 53 dock-high doors, an ESFR sprinkler system and 2,000 square feet of office space. Macgregor Associates designed the project, and RC Anderson and Bohler are serving as the general contractor and civil engineer, respectively. Santander Bank provided construction financing, and CBRE is the leasing agent. Completion is slated for the fourth quarter.
RAMSEY, N.J. — Fashion design firm Marcus Adler has signed a 24,550-square-foot industrial lease in the Northern New Jersey community of Ramsey. According to LoopNet Inc., the single-tenant property at 91 Grant St. was built in 1980. Andrew Somple and Jessica Curry of NAI James E. Hanson represented the tenant in the lease negotiations. An entity doing business as RW Ramsey Realty Corp. owns the building.
The Atlanta industrial market needs very little validation when it comes to answering the question “Why Atlanta?” More than a dozen companies started or based in Atlanta have grown over the past decade to valuations above $1 billion. Metro Atlanta had the second highest rate of job growth in the nation among large metro areas (6.7 percent), according to the U.S. Bureau of Labor Statistics. So rather than ask “Why Atlanta,” the better question is “Where in Atlanta?” As the Southeast’s population continues to grow, the metro Atlanta area continues in equal parts to add density to its thriving urban core as well as expand its suburban reach. With limited geographic barriers to development, outlying towns are quickly becoming absorbed into the definition of the Atlanta area. This persistent growth is placing demand on industrial space at an all-time high, requiring a nuanced view of site selection within the Atlanta MSA. The four corners of the Atlanta market reach nearly 60 miles from the urban center in each direction along highways I-75 and I-85, with new speculative projects under construction as far out as Adairsville, Commerce, Locust Grove and La Grange. Its breadth now includes Bremen and Rutledge in either …
DALLAS — The Texas Envelope Manufacturing Co. has signed a 33,000-square-foot industrial lease renewal in northwest Dallas. According to LoopNet Inc., the property at 10647-10657 Shady Trail was built in 1981, totals 72,000 square feet and features 21-foot clear heights and 15 exterior dock doors. Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial represented the landlord, Boston-based TA Realty, in the lease negotiations. David Easterling of CBRE represented the tenant.
GARLAND, TEXAS — Houston-based brokerage firm Finial Group has negotiated the sale of a 7,692-square-foot industrial building located at 4309 Action St. in the northeastern Dallas suburb of Garland. The facility includes 1,500 square feet of office space. An undisclosed seller sold the property to Cenote Investment Group for an undisclosed price. Jason Gibbons of Finial Group brokered the deal.
TOBYHANNA, PA. — Cushman & Wakefield has arranged a $45 million loan for the refinancing of Arcadia North, a 1 million-square-foot industrial facility located in the Eastern Pennsylvania community of Tobyhanna. The property was built in 2020 and was fully leased to Lowe’s Home Center at the time of the loan closing. Building features include a clear height of 36 feet, four drive-in doors, 105 dock doors, 316 car parking spaces, 469 trailer parking stalls and an ESFR sprinkler system. Steve Kohn, John Alascio, Alex Hernandez, Aaron Graves, T.J. Sullivan and Jason Blankfein of Cushman & Wakefield arranged the loan through Northwestern Mutual on behalf of the borrower, institutional investors advised by J.P. Morgan Global Alternatives.
COMMACK, N.Y. — San Francisco-based developer Bristol Group is nearing completion of a 178,124-square-foot speculative industrial project in the Long Island community of Commack. The property features a clear height of 36 feet, 31 dock-high loading doors, two drive-in ramps, 205 car parking spaces and 16 trailer parking stalls. The site can also support future expansion or additional parking requirements. Full delivery is slated for June. JLL is marketing the property for lease.
GLENDALE, ARIZ. — An affiliate of Cohen Asset Management has purchased Phase I of Falcon Park 303 in Glendale for $81.7 million. The 599,486-square-foot, Class A industrial building was built on a speculative basis in 2022 and is fully leased. It is part of a larger industrial campus totaling 925,504 square feet. The property is located at 15132 West Camelback Road. Will Strong, Kirk Kuller, Micki Strain and Molly Hunt with Cushman & Wakefield’s National Industrial Advisory Group – Mountain West team represented the seller, USCD.