Industrial

Serfer Land Ventures Sells 48-Acre SiteOne Landscape Supply Industrial Campus in Windsor, Colorado

by Amy Works November 29, 2022

WINDSOR, COLO. — Serfer Land Ventures has completed the disposition of a 48-acre industrial campus located at 6166 Weld County Road 74/Harmony Road in Windsor. IA Windsor LLC bought the asset for $9.8 million. SiteOne Landscape Supply fully occupies the site. In 2019, SiteOne constructed a 12,821-square-foot showroom and 14,922-square-foot warehouse on the site. Jared Goodman, Aki Palmer, Cole VanMeveren, Tyler Murray and Nate Heckel of Cushman & Wakefield represented the buyer and seller in the deal.

November 29, 2022

Acquisitions Industrial Self-Storage Utah Western

Marcus & Millichap Arranges Sale of South Weber Storage in Ogden, Utah

by Amy Works November 29, 2022

OGDEN, UTAH — Marcus & Millichap has brokered the sale of South Weber Storage, a self-storage facility in Ogden. Terms of the transaction were not released. Jordan Farrer and Adam Schlosser of Marcus & Millichap’s LeClaire-Schlosser Group represented the seller, a local partnership, and procured the undisclosed buyer. Totaling 26,060 square feet, South Weber Storage consists of five single-story buildings offering a total of 136 non-climate-controlled drive-up units. The facility features brick front dividers with all metal interior walls, slightly pitched standing seam metal roofs, roll-up doors and asphalt driveways.

November 29, 2022

Acquisitions Connecticut Industrial Northeast

Newmark Arranges $79.2M Sale of Industrial Property in Bristol, Connecticut

by Taylor Williams November 29, 2022

BRISTOL, CONN. — Newmark has arranged the $79.2 million sale of Bristol Logistics Center, a 1.1 million-square-foot industrial property in Connecticut. The rail-served site spans 179 acres and formerly housed a General Motors manufacturing plant. Treetop Development acquired the property from an entity doing business as Bristol Center LLC. Jeff Fishman, Cory Gubner and Alex Haendler of Newmark brokered the deal. At the time of sale, Bristol Logistics Center was 93 percent leased to three tenants: Firestone, Clark Dietrich and Arett Sales.

November 29, 2022

Acquisitions Georgia Industrial Southeast

TerraCap Acquires 790,000 SF Industrial Building in Metro Savannah

by John Nelson November 28, 2022

RINCON, GA. — TerraCap Management LLC has purchased Savannah Gateway Building 1H, a 790,000-square-foot industrial building located in the Savannah suburb of Rincon. The single-story property is located within Savannah Gateway Industrial Hub and was 75 percent occupied at the time of sale. Building 1H marks the completion of a two-building acquisition — TerraCap previously purchased Building 1F in August of this year. Broe Real Estate Group sold Building 1H for an undisclosed price. Britton Burdette of JLL represented the seller in the transaction, and Colliers has been appointed to manage the property. The seller and sales price were not disclosed.

November 28, 2022

Acquisitions Industrial Self-Storage Utah Western

Local Developer Sells 86,105 SF Self-Storage Facility in Layton, Utah

by Amy Works November 28, 2022

LAYTON, UTAH — A local investment and development group has completed the disposition of Storage General – Layton, an 86,105-square-foot self-storage facility located on Antelope Drive in Layton. A REIT acquired the asset for an undisclosed price. Jordan Farrer and Adam Schlosser of Marcus & Millichap represented the seller and procured the buyer in the transaction. Storage General – Layton features 11 single-story buildings offering interior, drive-up, climate-controlled and traditional self-storage units with roll-up doors. The property has cinderblock front dividers with all metal interior walls, slightly pitched standing seam metal roofs, roll-up doors and driveways.

November 28, 2022

Acquisitions Industrial Texas

JLL Negotiates Sale of 678-Unit Self-Storage Facility in Rosharon, Texas

by Taylor Williams November 28, 2022

ROSHARON, TEXAS — JLL has negotiated the sale of Savannah HWY6 Storage, a 678-unit facility located south of Houston in Rosharon. The newly built facility comprises six single-story storage buildings on a 6.1-acre site that primarily house climate-controlled units, as well as 900 square feet of office space. Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL represented the seller, Quintet Capital Group, in the transaction. Dallas-based Montfort Capital Partners purchased the asset for an undisclosed price.

November 28, 2022

Acquisitions Industrial Texas

Corinth Land, Prattco Creekway Acquire 50,000 SF Industrial Property in Frisco, Texas

by Taylor Williams November 28, 2022

FRISCO, TEXAS — A partnership between The Corinth Land Co. and locally based investment firm Prattco Creekway Industrial has acquired a 50,000-square-foot property located north of Dallas in Frisco. The facility at 6300 Flyers Way was built on five acres in 2018 and is leased to the Frisco Flyers national volleyball organization. The seller and sales price were not disclosed.

November 28, 2022

Development Industrial New Jersey Northeast

CenterPoint Breaks Ground on 321,875 SF Industrial Project in Linden, New Jersey

by Taylor Williams November 28, 2022

LINDEN, N.J. — Chicago-based investment and development firm CenterPoint Properties has broken ground on a 321,875-square-foot industrial project in the Northern New Jersey community of Linden. The site, which formerly housed a Walmart-anchored shopping center, is located within four miles of two I-95 interchanges. Building features will include a clear height of 40 feet, 50 loading docks with room to expand and parking for up to 100 trailers and some 250 cars. Completion is slated for August 2023. CenterPoint has tapped Cushman & Wakefield to lease the development.

November 28, 2022

Industrial Leasing Activity Lee & Associates New Jersey Northeast

First Transit Signs 72,000 SF Industrial Lease in North Bergen, New Jersey

by Taylor Williams November 28, 2022

NORTH BERGEN, N.J. — Mobility services provider First Transit has signed a 72,000-square-foot industrial lease in North Bergen, located across the Hudson River from Upper Manhattan. According to LoopNet Inc., the single-tenant property at 5901 Tonnelle Ave. was originally built in 1958. Scott Deutchman of Lee & Associates represented the tenant in its site selection and lease negotiations. Chaus Realty represented the landlord, Maryland-based industrial investment firm Realterm.

November 28, 2022

Civic Development Industrial New York Northeast Top Stories

Public-Private Partnership Plans $4.2B Terminal Redevelopment at JFK Airport

by Taylor Williams November 28, 2022

NEW YORK CITY — A public-private partnership between The Port Authority of New York & New Jersey and JFK Millennium Partners (JMP) has released plans for a $4.2 billion redevelopment of Terminal 6 at John F. Kennedy International Airport in New York City. The redeveloped terminal, which will be located on the airport’s north side and offer international flight services, will span 1.2 million square feet. The new Terminal 6 will also connect to Terminal 5, which JetBlue owns and operates, and eventually replace the existing Terminal 7, which will be demolished. Lufthansa Group, which comprises Lufthansa, SWISS, Austrian Airlines and Brussels Airlines, will operate out of Terminal 6 along with JetBlue and other international airlines. The new terminal will feature updated international passenger processing, ticketing counters and passenger security screening, as well as 100,000 square feet of concession spaces and airport lounges. The developers say the project will add more than 4,000 jobs to the local economy. The first gates are scheduled to open in early 2026, with full project completion slated for 2028. In addition to airport-specific upgrades, the development team will deliver infrastructural improvements that are designed to reduce congestion and delays within the airspace and on …

November 28, 2022

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