HOUSTON — Colliers has brokered the sale of a 53,375-square-foot industrial building in southeast Houston. Constructed on 3.7 acres in 2001 and renovated in 2021, the property comprises a 38,375-square-foot office/warehouse and a 15,000-square-foot warehouse, as well as 65 surface parking spots. Tom Condon Jr., Greg Cizik and Edward Edson of Colliers represented the seller in the transaction. Zane Carman of Partners Real Estate represented the buyer. Both parties requested anonymity.
HOUSTON — Vasa Tech North America has signed a 34,997-square-foot industrial lease in northwest Houston. The provider of waterproofing, restoration and other related building services is taking space at the property at 8700 Clay Road, which according to LoopNet Inc. consists of four buildings totaling 286,985 square feet. Jack Rathe and Brandon Preece of Stream Realty Partners represented the landlord, Los Angeles-based Entrada Partners, in the lease negotiations. Jackie Chang of Forever Realty represented the tenant.
WESTHAMPTON BEACH, N.Y. — Global investment management firm AllianceBernstein (NYSE: AB) has provided a $120 million loan for the refinancing of Hampton Business District, a 50-acre industrial park located in the Long Island community of Westhampton Beach. Developed in 2014 by a partnership between New York-based Rechler Equity Partners and Suffolk County, Hampton Business District comprises five buildings totaling 385,002 square feet that feature clear heights of 18 to 22 feet. At the time of sale, the property was 94 percent leased to 24 tenants, including Iron Mountain and United Refrigeration Solutions. Peter Rotchford, Andrew Scandalios, Tyler Peck and Doug Omstrom of JLL arranged the loan on behalf of Rechler Equity Partners.
FREMONT, CALIF. — SecureSpace Self Storage has acquired a 58,713-square-foot self-storage facility, currently managed by Extra Space, in Fremont, from Braintree Group. Dean Trammell and Adam Schlosser of the LeClaire-Schlosser Group of Marcus & Millichap represented the seller and procured the buyer in the transaction. Tony Solomon of Marcus & Millichap served as the broker of record for the deal. Built in 1984 and expanded in 2002, the facility contains five two-story self-storage buildings and five single-story self-storage buildings offering a total of 650 units. The property includes electronic gated entry with a digital keypad, a spacious leasing office with retail and security monitor display, 24/7 video surveillance, concrete driveways and two lifts providing access to upper-level units.
CENTENNIAL, COLO. — Jordan Perlmutter & Co. has broken ground on Phase II at Hub Arapahoe, a 22-acre, 304,172-square-foot industrial campus on Arapahoe Road in Centennial. Slated for completion in April 2026, Phase II will include 150,000 square feet of industrial space across two buildings. Pacific Office Automation has preleased 32,000 square feet at Phase II. The groundbreaking follows the successful completion and full lease-up of Phase I, which is fully occupied by FritoLay, Flex Energy Solutions, Med Safety Solutions and D-Bar. Murray & Stafford is serving as general contractor and Ware Malcomb is serving as architect for the project. Dave Lee, Jason Addlesperger and Philip Lee at JLL are handling leasing for the project.
KANEOHE, HAWAII — Gantry has secured a $10 million permanent loan to refinance maturing debt for a self-storage facility in Kaneohe on the Hawaiian island of Oahu. The two-story, climate-controlled facility features 698 units encompassing 50,135 rentable square feet. Public Storage manages the property, which is located at 46-004 Kawa St. Robert Slatt and Alex Poulos of Gantry arranged the five-year, fixed-rate loan through a regional bank for the borrower, a private real estate investor.
CARROLLTON, TEXAS — Lee & Associates has negotiated a 26,000-square-foot industrial lease in the northern Dallas metro of Carrollton. Corbin Blount of Lee & Associates represented the tenant, Aarav Corp., a provider of distribution services, in the lease negotiations. Mac Hall and Eric Crutchfield of Stream Realty Partners represented the landlord, an entity doing business as G&I IX 1225 Capital LLC.
TOMBALL, TEXAS — Partners Real Estate has arranged the sale of a 25,386-square-foot manufacturing building in Tomball, a northeastern suburb of Houston. According to LoopNet Inc., the building at 1302 S. Cherry St. was built on 3.5 acres in 1980. Wyatt Huff and Hunter Stockard of Partners represented the seller, Harbor Hill Holdings, in the transaction. The buyer was an undisclosed, locally based private investor.
ASHLAND, MASS. — JLL has brokered the $27.9 million sale of a 218,316-square-foot industrial property in Ashland, a western suburb of Boston. The property consists of two buildings on an 18-acre site that were fully leased at the time of sale to fire suppression systems manufacturer Kidde-Fenwal. Michael Restivo, Bob McGuire, Sam Crossan, David Coffman and Tommy Hovey of JLL represented the private seller in the transaction. The buyer was locally based investment firm Rhino Capital Advisors.
CARNEYS POINT, N.J. — Quince has signed a 105,000-square-foot industrial lease in the Southern New Jersey community of Carneys Point. The apparel and accessories retailer is taking space at LogistiCenter at Carneys Point, a two-building development by Nevada-based developer Dermody. Andrew Stypa of Lee & Associates represented Quince in the lease negotiations. Dean Torosian of JLL represented Dermody.