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Industrial

DevelopmentMarylandSelf-StorageSoutheast

Diamond Point, Ardent Open 700-Unit Self-Storage Facility in Frederick, Maryland

by John Nelson

FREDERICK, MD. — Diamond Point Development and The Ardent Cos. have opened a 100,000-square-foot self-storage facility located at 1845 Brookfield Court in Frederick. Formerly the Frederick Indoor Sports Center, the two-story facility comprises 700 climate-controlled units across 74,000 rentable square feet. The property is also fully solar powered, marking the first environmentally friendly self-storage facility in the city, according to the developers. Buffalo, N.Y.-based Life Storage operates the property.

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AcquisitionsIndianaIndustrialMidwest

MAG Capital Partners Acquires 105,548 SF Indiana Industrial Property in Sale-Leaseback

by Kristin Harlow

ELKHART, IND. — In a sale-leaseback transaction, MAG Capital Partners LLC has acquired a 105,548-square-foot industrial property in Elkhart for an undisclosed price. The facility at 1511 W. Lusher Ave. is situated near I-80, I-90 and I-94. Jonathan Wolfe, Daniel Macks and Jeff Lizzo of STREAM Capital Partners represented the seller, Colbert Packaging Corp., a producer of sustainable paper-based packaging serving the pharmaceutical, healthcare and consumer goods industries. Colbert also maintains a facility in Kenosha, Wis. Based in Dallas, MAG Capital Partners is an industrial real estate investment firm founded by Dax Mitchell and Andrew Gi.

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DevelopmentIndustrialTexas

Target to Open 1.4 MSF Distribution Center at Houston’s Generation Park

by Taylor Williams

HOUSTON — Target (NYSE: T) will open a 1.4 million-square-foot distribution center at Generation Park, a 4,000-acre mixed-use development in northeast Houston. California-based Panattoni Development purchased 145 acres for the Minneapolis-based retailer’s facility from the owner of Generation Park, McCord Development, in 2022. Construction is underway and scheduled for completion next year.

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San-Marcos-Business-Park
DevelopmentIndustrialTexas

Ledo Capital, St. Clair Commercial to Develop 663,460 SF Industrial Project in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — A partnership between two California-based developers, Ledo Capital Group and St. Clair Commercial Real Estate, will develop a 663,460-square-foot industrial project in the Central Texas city of San Marcos. San Marcos Business Park will consist of three buildings ranging in size from 84,000 to 375,000 square feet that will be situated on a 45.7-acre site within the Whisper South master-planned development. All buildings will have rear-load configurations, 32- to 36-foot clear heights and ESFR sprinkler systems. The site also includes additional space for outdoor storage or trailer parking. Dallas-based ARCO/Murray is handling design and construction of the project, with Kimley-Horn serving as the civil engineer. Stream Realty Partners will market the property for lease. Construction is set to begin in the fourth quarter.

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Hero-Way-West
DevelopmentIndustrialTexas

Freehill Development to Build 227,200 SF Industrial Project in Leander, Texas

by Taylor Williams

LEANDER, TEXAS — Locally based firm Freehill Development Co. will build Hero Way West, a 227,200-square-foot industrial project that will be located on a 16.8-acre site in the northern Austin suburb of Leander. The development will consist of three shallow-bay buildings with 28-foot clear heights. Charlie Strauss, Tom Weber, Trent Agnew and Josh Villarreal of JLL arranged joint venture equity with an undisclosed partner for the capitalization of the project. Michael Johnson and Chris McColpin, also with JLL, arranged floating-rate construction financing. Construction is set to begin this summer and to last about 12 months.

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AcquisitionsIndustrialNorth CarolinaSoutheast

Arden Logistics Parks Purchases 174,000 SF Industrial Portfolio in Charlotte

by John Nelson

CHARLOTTE. N.C. — Arden Logistics Parks (ALP), Arden Group’s industrial real estate operating platform, has purchased Northridge Business Center, a four-building, 174,000-square-foot industrial portfolio in Charlotte. Located at 50045, 5009-15, 5019-25 and 5029-35 W. W.T. Harris Blvd., the buildings range in size from 22,655 to 65,382 square feet. ALP acquired the portfolio from Fort Lauderdale-based SunCap Property Group for an undisclosed price.

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AcquisitionsConnecticutIndustrialNortheast

Coldwell Banker Brokers $7.3M Sale of Two Industrial Buildings in East Granby, Connecticut

by Taylor Williams

EAST GRANBY, CONN. — Coldwell Banker Commercial has brokered the sale of two industrial buildings totaling 82,386 square feet in East Granby, a northern suburb of Hartford. Locally based investment firm CoreOne Industrial purchased the buildings, both of which are fully leased to aerospace firm Overhaul Support Services, for a combined price of $7.3 million. Chris O’Hara of Coldwell Banker brokered the deal.

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Leasing ActivityMassachusettsNortheastOfficeSelf-Storage

Stuf Storage Opens 2,400 SF Space at Downtown Boston Office Building

by Taylor Williams

BOSTON — Stuf Storage, a company that converts unused portions of office buildings into self-storage space for tenants, has opened a 2,400-square-foot space at 18 Tremont Street, a 12-story building in downtown Boston. The deal marks the Boston debut of Stuf Storage, which also operates facilities in Los Angeles, New York, San Francisco, Atlanta, Boston, Seattle and Washington, D.C.

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AcquisitionsIllinoisIndustrialMidwest

Cawley Chicago Negotiates Sale of 129,800 SF Industrial Facility in Woodstock, Illinois

by Kristin Harlow

WOODSTOCK, ILL. — Cawley Chicago has negotiated the sale of a 129,800-square-foot industrial facility at 1005 Courtaulds Drive in Woodstock, about 45 miles northwest of Chicago. The sales price was undisclosed. Built in 1995, the property features rail access and has undergone production and manufacturing improvements. David Conroy, Joe Shapiro and Tim Gallagher of Cawley Chicago represented the buyer, while Kenneth Franzese and John Cassidy of Lee & Associates represented the seller. Further terms of the transaction were not provided.

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DevelopmentIndustrialNevadaWestern

LDK Ventures Plans 85-Acre Pioneer Logistics Center in Sparks, Nevada

by Jeff Shaw

SPARKS, NEV. — LDK Ventures has announced plans to develop Pioneer Logistics Center in Sparks. The company purchased the 85-acre property from Lennar in November 2022.  The project will be situated in an infill area of the Pioneer Meadows master-plan community. It will feature 1.3 million square feet of industrial warehouse facilities at full build-out. Construction is scheduled to begin in 2024.

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