UNION, N.J. — Nonprofit organization Rise Against Hunger has signed an 11,500-square-foot industrial lease in the Northern New Jersey community of Union. The facility features a clear height of 16 feet and two overhead loading docks. Tim Farley of Cushman & Wakefield represented the tenant in the lease negotiations. Joel Tomlinson of Silbert Realty & Management represented the landlord, locally based investment firm The STRO Cos.
ROMULUS, MICH. — The Opus Group has broken ground on Airport Corporate Center, a two-building speculative industrial development in Romulus, about 16 miles west of Detroit. The two buildings will total more than 270,000 square feet and are being marketed for warehouse and distribution tenants with space needs between 40,000 and 270,000 square feet. The project is situated less than a mile from I-94 and less than three miles north of Detroit Metropolitan Wayne County Airport. Building A will total 100,456 square feet with a clear height of 32 feet, 12 dock doors, 91 auto parking spaces and 13 trailer parking stalls. Building B will total 170,088 square feet with a clear height of 32 feet, 22 dock doors, 115 auto parking spaces and 28 trailer parking stalls. Both buildings are slated for completion in October. Opus is the developer, design-builder, architect and structural engineer. Sean Cavanaugh and Dave MacDonald of JLL are marketing the project for lease. Associated Bank provided construction financing.
DENVER — EverWest Real Estate Investors has purchased Central Connection, a 194,710-square-foot, Class A industrial asset in Denver, for $39.6 million. The two-building property is located at 1550 and 1210 E. 73rd Ave. in the North Central infill submarket. It is fully leased to six tenants in an area known for significant demand and high barriers to entry. Jeremy Ballenger, Jim Bolt, Tyler Carner and Jessica Ostermick of CBRE represented the seller, a joint venture between Comunale Properties and institutional investors advised by J.P. Morgan Asset Management.
SURPRISE, ARIZ. — Mohr Capital has started construction of West Summit Logistics Park, a 704,472-square-foot industrial property in Surprise. The project will include two Class A industrial buildings situated three miles from the Northern Parkway and five miles from Loop 101 and Loop 202. Mohr Capital is the project developer, while Rosewood is the equity partner. Ware Malcomb serves as the project architect, and Nitti/DAC, a joint venture between Nitti Builders and Del Amo Construction, serves as the general contractor.
HAYWARD, CALIF. — Prologis has purchased a 21,420-square-foot cross-dock warehouse located at 651 Sandoval Way in Hayward. The property features a remodeled office building, truck service maintenance building, employee parking and container parking stalls. The cross-dock warehouse has 50 dock positions and concrete truck wells. RPM Transportation is the sole tenant of the property. CBRE’s Chris van Keulen, Bob Ferraro and Michael Barry represented both the unnamed buyer and Prologis in the transaction.
HONOLULU — Apparel company Jeans Warehouse has purchased a 16,000-square-foot industrial facility in Honolulu. The facility is located at 99-984 Iwaena St. in the Aiea neighborhood. The acquisition comes a few months after Jeans Warehouse acquired an 18,500-square-foot industrial facility at 99-910 Iwaena St. for distribution and administration. JLL’s Cullen Oesterly represented the retailer in both acquisitions, as well as the seller of the most recent facility, CTY Investors Ltd.
SAN MARCOS, TEXAS — Texas-based Scarborough Lane Development and Partners Real Estate have announced plans for AXIS Logistics Park, a 2,000-acre industrial park in San Marcos. Formerly known as SMART Terminal, the property site is within the Texas Triangle, an urban region consisting of the Dallas-Fort Worth, Houston, San Antonio and Austin metropolitan areas. A development timeline for the park was not disclosed. However, approximately 735 acres of the park are currently zoned for industrial use. The property will include water and wastewater infrastructure, as well as a high-voltage (600 megawatt) electric system with a 356 kilovolt transmission line. The site’s location is near Loop 110, I-35, I-10 and SH-130. Union Pacific Railway, The BNSF Railway and the San Marcos Regional Airport are also adjacent to the property and may provide rail and shipping components to the park. “In addition to being in a strategically ideal location to serve the Texas Triangle, AXIS Logistics Park is the obvious choice for logistics and shipping by national and international manufacturers,” says John Colglazier, a partner at Partners Real Estate. “Mexico is actively working to bring manufacturing back in their country, and they will fully utilize I-35 as their main corridor through Texas …
SHAFTER, CALIF. — Wonderful Real Estate has broken ground on a 1.1 million-square-foot speculative development at the Wonderful Industrial Park (WIP) in Shafter. The facility will be located at 5401 Express Ave. It will be the fifth speculative development delivered by WRE over the past five years. WRE has developed and leased more than 1.3 million square feet at Wonderful Industrial Park in 2022. This includes a 1 million-square-foot spec project that was leased by a Fortune 500 food manufacturer and a 309,000-square-foot building leased by existing tenant GAF, the nation’s largest manufacturer of roofing and waterproofing products. WRE is also in the final stages of design on a 415,000-square-foot speculative building in the park that is scheduled for delivery in the first half of 2024.
BEAUMONT AND NEDERLAND, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of seven self-storage facilities totaling 2,627 units in southeast Texas. The properties were constructed in the 1970s and 1980s and total 389,501 net rentable square feet. Two of the properties are located in Beaumont, and two are located in Nederland, with the other facilities located in Groves, Bridge City and Orange. Dave Knobler and Charles LeClaire of Marcus & Millichap represented the seller, a California-based liability company that purchased the portfolio in 2018, in the transaction. The duo also secured the buyer, a North Carolina-based limited liability company.
ROANOKE, TEXAS — Cummins Clean Fuel Technologies has signed an industrial lease expansion at AllianceTexas, Hillwood’s 27,000-acre master-planned community on the north side of Fort Worth. The provider of natural gas delivery systems is expanding its manufacturing operations, bringing its footprint at 1051 Republic Drive in Roanoke to roughly 160,000 square feet. Michael Haggar and John Worthen of JLL represented Cummins in the lease negotiations. Samuel Rhea and Reid Goetz represented Hillwood on an internal basis.