JACKSONVILLE, FLA. — JLL has arranged the sale of a 260,000-square-foot distribution center located at 4150 Perimeter Industrial Parkway in Jacksonville’s Westside submarket. Built in 2008 on 15.4 acres, the rear-load property is fully leased to Volkswagen Group of America and is fully air-conditioned. John Huguenard, Luis Castillo, Cody Brais, Luke Pope, Taylor Osborne and Wells Waller of JLL brokered the sale. The buyer, seller and sales price were not disclosed.
HOUSTON — CBRE has brokered the sale of a portfolio of eight industrial buildings totaling approximately 1.2 million square feet that are located throughout the Houston area. The buildings feature a mix of front-load and cross-dock configurations and clear heights ranging from 20 to 34 feet. At the time of sale, the properties were fully leased to a roster of tenants with a weighted average remaining lease term of 3.75 years. ATCAP Partners purchased the portfolio from CenterPoint Properties for an undisclosed price. Nathan Wynne, Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber of CBRE brokered the deal.
WEBSTER, TEXAS — Locally based brokerage firm Finial Group has negotiated a 16,400-square-foot industrial lease in Webster, a southeastern suburb of Houston. According to LoopNet Inc., the building at 16920 Texas Ave. was built in 1981, totals 53,290 square feet and features 18-foot clear heights. Jason Gibbons and Doc Perrier of Finial Group represented the tenant, Pennsylvania Tool Sales & Services, which supplies heavy industrial and manufacturing companies, in the lease negotiations. The landlord was not disclosed.
PHILADELPHIA — DH Property Holdings has begun sitework on a two-building, 759,210-square-foot industrial project at 5000 Richmond St. on the northeast side of Philadelphia. The 348,210-square-foot Building A will feature a clear height of 40 feet, 42 loading dock doors and parking for 81 trailers. Building B will total 411,000 square feet and offer 70 loading dock doors and 125 trailer parking stalls. Completion is slated for the fourth quarter of 2024. CBRE has been appointed as the leasing agent.
LAS VEGAS — Next Century Rebar LLC has acquired a 19,512-squre-foot industrial warehouse in Las Vegas for $3.7 million. The facility is located at 3020 S. Valley View Blvd. within the West Central submarket. The two-story building features 18-foot clear heights, concrete tilt-up construction, four drive-in doors and Valley View frontage. CBRE’s Tyler Ecklund represented the seller, MSC Valley LLC, in the transaction.
ENGLEWOOD, COLO. — A local buyer has purchased a 14,200-square-foot industrial building in Englewood for $1.9 million. The facility is located at 2622 S. Raritan Circle. The seller, which was in a 1031 exchange, secured a higher price than what traditional financing would have offered due to a high interest rate environment, according to NorthPeak Commercial Advisors, which represented both parties. Meanwhile, the purchase allowed the buyer to continue purchasing triple-net industrial properties within the same business park as its other holdings. The transaction also allowed the company to simultaneously complete a 1031 exchange into a more passive investment than a previous building.
GALVESTON AND BAYTOWN, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of a portfolio of two self-storage facilities totaling 790 units in Galveston and Baytown. The facilities, which are together known as the Watson & Taylor Portfolio, total 104,830 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the Texas-based seller in the transaction. The team also procured the buyer, New York-based owner-operator Andover Properties, which is perhaps best known for its Storage King USA brand.
HOUSTON — New York-based global investment firm GTIS Partners will develop an approximately 484,000-square-foot industrial project in southeast Houston. The development will consist of a 355,071-square-foot, cross-dock building and a 128,999-square-foot, rear-load building on a 26-acre site. Building features will include 36- and 32-foot clear heights, respectively, and combined parking for 382 cars and 93 trailers. Construction is scheduled to begin in the fourth quarter and to be complete in summer 2024. Other project partners include Powers Brown Architecture and Langan Engineering.
PLANO, TEXAS — Adolfson & Peterson (AP) Construction has been awarded the contract to renovate a 236,000-square-foot industrial building in Plano that is leased to defense and aerospace contractor Raytheon. The project will feature a complete finish-out of the existing four-story building, which includes office space and labs. Additionally, the Plano campus project will include site improvements, security fencing, additional guard shacks and paving modifications. Completion is scheduled for the end of the year. The name of the building owner was not disclosed.
NATALIA, TEXAS — Love’s Truck Solutions, which operates truck stops across the country, will open a 252,500-square-foot distribution center in Natalia, about 30 miles southwest of San Antonio. HDA Architects designed the $23 million facility, the site of which is situated adjacent to an existing Love’s Travel Stop. The facility will house a tire warehouse, temperature-controlled storage space and 5,500 square feet of office space. Building features will include two drive-up doors, 24 full docks and four overhead doors. Construction is underway and expected to be complete this fall.
