Industrial

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

by Taylor Williams April 14, 2023

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.

April 14, 2023

Development Industrial Texas

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

by Taylor Williams April 14, 2023

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.

April 14, 2023

Acquisitions Industrial North Carolina Southeast

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

by John Nelson April 14, 2023

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.

April 14, 2023

Acquisitions Connecticut Industrial Northeast

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

by Taylor Williams April 14, 2023

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.

April 14, 2023

Leasing Activity Massachusetts Northeast Office Self-Storage

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

by Taylor Williams April 14, 2023

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.

April 14, 2023

Acquisitions Illinois Industrial Midwest

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

by Kristin Harlow April 14, 2023

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.

April 14, 2023

Development Industrial Nevada Western

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

by Jeff Shaw April 14, 2023

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.

April 14, 2023

Development Florida Industrial Southeast

Hunt Midwest, Boyd+Mox Break Ground on 1.4 MSF Industrial Park in Central Florida

by John Nelson April 13, 2023

OCALA, FLA. — Kansas City-based Hunt Midwest and locally based partner Boyd+Mox have broken ground on Ocala South Logistics Park, a 1.4 million-square-foot industrial campus in Central Florida. The Class A development will be situated on a 93-acre site within Florida Crossroads Commerce Park, about three miles from I-75. The co-developers broke ground on the first of four buildings, a rear-load warehouse spanning 251,511 square feet. The speculative building is set to deliver before the end of the year and will feature 32-foot clear heights, 68 dock-high doors, 60-foot-deep speed bays and two drive-in doors. The project represents Hunt Midwest’s first industrial development in Florida and its first venture with Boyd+Mox. The design-build team for Ocala South Logistics Park includes civil engineer Kimley Horn, architect LS3P and general contractor Evans General Contractors. Rian Smith, Kris Courier and Josh Tarkow of CBRE are leasing the park on behalf of the owners.

April 13, 2023

Arizona Development Industrial Western

Rockefeller Group Plans 415,000 SF Surprise Pointe Commerce Center in Arizona

by Jeff Shaw April 13, 2023

SURPRISE, ARIZ. — Rockefeller Group has purchased a 25-acre parcel in Surprise with plans to develop Surprise Pointe Commerce Center, a 415,000-square-foot speculative distribution center. Located approximately 20 miles northwest of Phoenix, the project is designed to accommodate one to four tenants. Plans call for 36-foot clear height, 83 dock doors, a 185-foot truck yard, 103 truck trailer parking stalls, 466 auto parking stalls and custom-designed office space. Cooper Fratt of CBRE and Kirk Kuller of Cushman & Wakefield represented Rockefeller Group and will handle the marketing and leasing of the project. Ware Malcomb will design the project and Layton Construction will be the general contractor. Rockefeller Group’s civil engineer is Hunter Engineering.

April 13, 2023

Acquisitions Illinois Industrial Midwest Self-Storage

Franklin Street Arranges Sale of 104-Unit Self-Storage Facility in Watseka, Illinois

by Kristin Harlow April 13, 2023

WATSEKA, ILL. — Franklin Street has arranged the sale of a 104-unit self-storage facility totaling 12,600 net rentable square feet in Watseka, about 60 miles east of Champaign. The sales price was undisclosed. The value-add property is located at 1090 E. Walnut St. Frank DeSalvo and David Perlleshi of Franklin Street represented the seller, Houston-based Pebble Ridge Capital. Wisconsin-based Just Simple Storage acquired the asset. The transaction marks the entrance into the Illinois market for Just Simple Storage, which currently operates facilities in Michigan and Wisconsin.

April 13, 2023

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