FRANKLIN, KY. — Bluegrass Supply Chain has completed a 100,000-square-foot expansion of its industrial facility located in Henderson Industrial Park in Franklin. Situated at 805 Garvin Lane and now totaling 200,000 square feet, the building was purchased in 2021 and originally comprised 100,000 square feet. The expansion will create 20 to 25 jobs, according to Shawn Hart, vice president of operations with Bluegrass Supply Chain.
TERRELL, TEXAS — Kansas City-based developer VanTrust Real Estate has acquired two industrial development sites totaling 60.4 acres in Terrell, an eastern suburb of Dallas. The company plans to develop two speculative buildings totaling 702,000 square feet. Building 1 will be a 196,560-square-foot, rear-load facility. Building 2 will total 505,440 square feet and feature a cross-dock configuration. Both buildings will be marketed to e-commerce and third-party logistics users alike. Demian Salmon of Stream Realty Partners represented the undisclosed seller in the land deal. A construction timeline was not disclosed.
SUGAR LAND, TEXAS — Marcus & Millichap has brokered the sale of Sugar Land RV/Boat & Self Storage, a facility located on the southwestern outskirts of Houston. Built on six acres in 1999, the property consists of 304 non-climate-controlled units, one warehouse/workshop space, eight covered parking spots and six outdoor parking spaces for a total of 95,942 net rentable square feet. Dave Knobler of Marcus & Millichap represented the seller, a private investor, in the transaction and procured the buyer, a New York-based limited liability company. Both parties requested anonymity.
DALLAS — Holt Lunsford Commercial has negotiated a 49,280-square-foot industrial lease renewal in West Dallas. Canon Shoults and Maddy Canty of Holt Lunsford represented the landlord, AEW Capital Management, in the lease negotiations. Jim Svidron with NAI Robert Lynn represented the tenant, Production & Rigging Resources Inc., which provides logistical services for the entertainment industry.
HUNTLEY, ILL. — Kuriyama of America, an industrial hose supplier, has signed a 329,210-square-foot lease at Huntley Commercial Center in the Chicago suburb of Huntley. The tenant will occupy 60 percent of the 540,960-square-foot development, which is slated for completion in the fourth quarter. Adam Marshall and Mark Deady of Newmark represented ownership, Huntley Investment Partners, which is a partnership between Craig Realty Group Inc., The Prime Group Inc. and The Capital Cos.
PHOENIX — CapRock Partners has completed Phase I of CapRock West 202 Logistics in Southwest Phoenix. The project spans 140 acres and 2.5 million square feet of Class A industrial warehouse space across five buildings. Colson Group USA has become the first tenant to sign a lease for 118,833 square feet of space. Josh Wyss with Cushman & Wakefield represented the tenant in the lease transaction. Payson MacWilliam and Don MacWilliam of Colliers International are leading the leasing efforts for CapRock West 202 Logistics.
FORT WORTH, TEXAS — Southwire, a manufacturer of wire and cable used in the transmission and distribution of electricity, has signed a 1.2 million-square-foot industrial lease at AllianceTexas in North Fort Worth. Southwire will occupy the entirety of Alliance Westport 25, which was originally launched as a 1 million-square-foot speculative building in August 2022 and is now being expanded to meet Southwire’s requirements. GSR Andrade Architects designed Alliance Westport 25. Sean Boswell and Chris Teesdale of Colliers represented Southwire in the lease negotiations. Reid Goetz, Samuel Rhea and Jack Barkley represented the landlord, Hillwood, on an internal basis.
LAREDO, TEXAS — Kansas City-based VanTrust Real Estate will develop a 432,000-square-foot industrial project in the Rio Grande Valley city of Laredo. The speculative structure will be located within North Laredo Industrial Park, which is adjacent to I-35 and the Port of Laredo. Completion of the project, which is expected to be the first of multiple buildings that VanTrust will add to the park, is slated for October 2024. White Ark Enterprises owns North Laredo Industrial Park.
FREEPORT, TEXAS — Marcus & Millichap has brokered the sale of Blue Water Self Storage, a 295-unit facility in Freeport, located about 60 miles south of Houston. The seven-building facility was built on 8.2 acres in 1999 and spans 56,600 net rentable square feet. Dave Knobler of Marcus & Millichap represented the seller, a locally based limited partnership, in the transaction. Knobler also procured the buyer, a New York-based limited liability company. Both parties requested anonymity.
CITY OF INDUSTRY, CALIF. — CapRock Partners has acquired Valley Center Business Park, a 6.5-acre, multi-tenant industrial complex in the City of Industry. The property includes about 92,366 square feet of industrial warehouse space across six buildings. It is strategically positioned for value-add investment in the heart of San Gabriel Valley’s industrial market. CapRock plans to enhance the property’s functionality and marketability through immediate capital improvements.