PAPILLION, NEB. — Investors Realty has brokered the sale of 38.5 acres of land at 14289 Prairie Corners Road in Papillion, a southern suburb of Omaha. The sales price was undisclosed. Kevin Stratman of Investors Realty represented the buyer, Keizer Refrigeration/Mid States Utility, which plans to relocate its Omaha operations to a new 50,000-square-foot facility to be built on the site. Located just north of a new Amazon fulfillment center, the tract of land is one of the final undeveloped industrial sites on the Highway 50 corridor, according to Investors Realty. Denny Sciscoe of Cushman & Wakefield/The Lund Co. and Erin Pogge of Traction CRE represented the undisclosed seller.
LAKEVILLE, MASS. — Marcus & Millichap has brokered the sale of Community Square Storage, a 496-unit self-storage facility located about 35 miles south of Boston in Lakeville. Built on 3.3 acres in 2022, the three-story facility spans 53,462 net rentable square feet across 436 climate-controlled units and 60 non-climate-controlled units. Nathan Coe, Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was also not disclosed. Thomas Shihadeh of Marcus & Millichap assisted in closing the deal as the broker of record.
YONKERS, N.Y. — First Citizens Bank has provided a $42.2 million construction loan for a film production studio in Yonkers, located north of New York City, that will be operated by MediaPro US, a Spanish language programming company. A joint venture between National Resources and Great Point Media is developing the 112,400-square-foot facility, which will house studio, office and warehouse space. A construction timeline was not disclosed.
JACKSONVILLE, FLA. — CBRE has arranged the acquisition of Airport Industrial Park, a 230,000-square-foot warehouse distribution center in Jacksonville. Located at 14467 Duval Place W, the property was 100 percent leased to 51 tenants at the time of sale. Ben Stewart and Kyle Fisher of CBRE’s Industrial & Logistics team represented the buyer, a joint venture between East Capital Partners and Tramview Capital Management, in the transaction. An entity doing business as BRC Florida Holdings sold the property for an undisclosed price. CBRE will manage leasing at the center, which includes spaces ranging in size from 2,250 to 10,000 square feet.
BURLINGAME, CALIF. — Levin Johnston has arranged the $14.5 million sale of an industrial portfolio in the Bay Area city of Burlingame. The 1.6-acre site consists of eight separate industrial suites in two adjacent buildings. The transaction comprised two adjacent properties with 31,415 square feet of leasable space. Both properties are zoned for warehouse use with flex office space. The properties include on-site external parking, 14-foot ceiling heights and multiple drive-in bays for warehouse access. They are located at 890 Mahler Road and 1550 Gilbreth Road. The Levin Johnston team of Adam Levin, Robert Johnston and Jessica Tomasetti represented both the buyer and seller of the properties.
ONTARIO, CALIF. — CRST The Transportation Solution Inc. has signed a long-term lease for a 125,480-square-foot warehouse in the Inland Empire city of Ontario. The company plans to establish a truck maintenance and logistics center in the facility, which Realterm owns. Stream Realty Partners represented the tenant in the transaction, while Colliers International represented the landlord.
INDIANAPOLIS — Colliers has negotiated two new leases at 96th Street Commerce Park, a new industrial business park located on the site of the former HH Gregg headquarters in Indianapolis. Virginia Tile, a wholesale building materials supply vendor, leased 51,837 square feet to open a new showroom and finishing facility. Springfield Electric, an electrical supplies vendor, leased 28,817 square feet for its first location in the Indianapolis market. Jimmy Cohoat and Brian Zurawski of Colliers represented the landlord, Citimark.
CLAWSON, MICH. — Dominion Real Estate Advisors has arranged the sale of a 9,673-square-foot auto repair shop in Clawson, a northern suburb of Detroit. The sales price was undisclosed. The property is located at 650 N. Rochester Road. Barry Landau of Dominion represented the seller, Kimberly Tire & Wheel, and the buyer, XCEL Collision LLC.
EULESS, TEXAS — Automotive repair services provider Dents Dun Rite Inc. has signed a 5,280-square-foot industrial lease in Euless, located in the northern-central part of the metroplex. Jason Finch and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Euless Industrial LLC, in the lease negotiations. The representative of the tenant was not disclosed.
HUNTINGTON STATION, N.Y. — A partnership between Dallas-based investment firm Realty Capital Partners and self-storage developer DXD Capital is underway on construction of a 664-unit facility in the Long Island community of Huntington Station. The facility will total 62,125 net rentable square feet of space that will be entirely climate-controlled. Construction began in June and is expected to be complete in August 2024. Extra Space Storage will operate the facility, which will be the first new self-storage project to be built in Huntington Station in nearly three years, according to the development team.