Industrial

CBRE Arranges Sale of 241,124 SF Industrial Portfolio in Orlando

by John Nelson May 1, 2023

ORLANDO, FLA. — CBRE has arranged the sale of an industrial portfolio comprising 241,124 square feet across three buildings in Orlando. Located at 10425 S. Orange Ave., 523 W. Grant St. and 44 27th St., the buildings total 130,400, 62,210 and 48,514 square feet, respectively. GID Industrial purchased the portfolio, which was fully leased to 14 tenants, including USPS, at the time of sale. José Lobón, Trey Barry, Frank Fallon, Royce Rose and Alain Bonvecchio of CBRE Capital Markets represented the undisclosed, Boston-based seller in the transaction. David Murphy and Monica Wonus of CBRE also assisted with the sale, the price of which was not disclosed.

May 1, 2023

Acquisitions Industrial Retail Southeast Virginia

Cushman & Wakefield | Thalhimer Brokers $7.3M Sale of Wistar Center in Richmond

by John Nelson May 1, 2023

RICHMOND, VA. — Cushman & Wakefield|Thalhimer’s Capital Markets Group has brokered the $7.3 million sale of Wistar Center in Richmond. Located at 8101-8157 Staples Mill Road, the portfolio comprises 49,092 square feet of industrial and retail space. Fully leased to 20 tenants, the retail property features 20,436 square feet. Totaling 28,656 square feet across two buildings, the industrial space was also fully leased at the time of sale. Bo McKown, Catharine Spangler and Eric Robison of Cushman & Wakefield|Thalhimer arranged the sale on behalf of the seller, Fernau LeBlanc Investment Partners. Prudent Growth Partners was the buyer.

May 1, 2023

Acquisitions Industrial Texas

Westcore Acquires Three Fort Worth Industrial Buildings Totaling 485,330 SF

by Taylor Williams May 1, 2023

FORT WORTH, TEXAS — San Diego-based investment firm Westcore has acquired three industrial buildings totaling 485,330 square feet in Fort Worth. Buildings 1, 2 and 4 within North Quarter 35, a development by M2G Ventures, were all fully leased at the time of sale. Seth Koschak and Matteson Hamilton represented the seller in the transaction. Westcore was self-represented. North Quarter 35 features a mix of shallow-bay, read-load and cross-dock buildings totaling 645,000 square feet.

May 1, 2023

Development Industrial Midwest Ohio

Trident Capital Group, O’Connor Group Complete Phase I of Rickenbacker Industrial Center in Columbus

by Kristin Harlow May 1, 2023

COLUMBUS, OHIO — Trident Capital Group and The O’Connor Group have completed development of the first phase of Rickenbacker Industrial Center in Columbus. The first phase includes a 1 million-square-foot speculative building on 60 acres. The property features a clear height of 40 feet, 104 docks, four drive-in doors, 347 parking spaces and 9,827 square feet of office space. The project offers convenient access to Rickenbacker International Airport and Norfolk Southern Intermodal Yard. Upon full build-out, Rickenbacker Industrial Center will consist of 3.7 million square feet across 230 acres. Jeff Lyons and Michael Mullady of CBRE are the leasing agents.

May 1, 2023

Acquisitions California Industrial Western

Sunland Nutrition Buys Industrial Building in Aliso Viejo, California for $14M

by Jeff Shaw May 1, 2023

ALISO VIEJO, CALIF. — Sunland Nutrition has purchased a 40,792-square-foot industrial building in Aliso Viejo for $14 million. The nutritional ingredients distributor will use the building for its headquarters. The facility is located at 81-91 Columbia. It features 28-foot warehouse clear heights, two ground-level loading doors, two dock-high loading doors, large fenced yard, building-top signage and 4.25/1,000 parking ratio. JLL’s Xavier Nolasco, Brian Thene, Steve Wagner and Cameron Driscoll represented the undisclosed seller. Steve Crane of Daum Commercial represented Sunland Nutrition.

May 1, 2023

California Industrial Leasing Activity Retail Western

Grocery Chain Leases Distribution Center in Santa Fe Springs, California

by Jeff Shaw May 1, 2023

SANTA FE SPRINGS, CALIF. — Asian and Hispanic e-grocer Weee! Inc. has leased space at Prologis Mid Counties Distribution Center in Santa Fe Springs. The new space at 13215 Cambridge St. will allow the company to expand from its existing cold storage facility in La Mirada. CBRE’s Ben Seybold and Rick McGeagh represented Prologis in the lease negotiations.

May 1, 2023

Acquisitions Development Industrial New Jersey Northeast

Cushman & Wakefield Brokers Sale of 151,756 SF Industrial Development Site in Somerset, New Jersey

by Taylor Williams May 1, 2023

SOMERSET, N.J. — Cushman & Wakefield has brokered the sale of a 151,756-square-foot industrial development site in the Northern New Jersey community of Somerset. The fully entitled site is located at 110 Belmont Drive and spans 7.8 acres. Gary Gabriel, Kyle Schmidt, Ryan Larkin, Mindy Lissner and David Gheriani of Cushman & Wakefield represented the seller, Braha Properties, in the transaction. Nevada-based Dermody Properties acquired the site with plans to construct a facility with a clear height of 40 feet, 30 loading positions and 93 car parking spaces.

May 1, 2023

Acquisitions Industrial Texas

CBRE Brokers Sale of Two Metro Dallas Industrial Buildings Totaling 918,213 SF

by Taylor Williams April 28, 2023

MESQUITE, TEXAS — CBRE has brokered the sale of two industrial buildings totaling 918,213 square feet in the eastern Dallas suburb of Mesquite. Buildings B and D at Alcott Station, a 160-acre development by Urban Logistics Realty, total 325,218 and 592,995 square feet, respectively. At the time of sale, Building B was vacant, and Building D was fully leased to third-party provider RJW Logistics Group. Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne and Eliza Bachhuber of CBRE represented Urban Logistics Realty in the transaction. Institutional investment firm BentallGreenOak purchased the buildings for an undisclosed price.

April 28, 2023

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 45,000 SF Industrial Lease in Flower Mound, Texas

by Taylor Williams April 28, 2023

FLOWER MOUND, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 45,000-square-foot industrial lease in Flower Mound, a northeastern suburb of Fort Worth. According to LoopNet Inc., the building at 1200 Lakeside Parkway was built on 26 acres in 2007 and features 18-foot clear heights. Andrew Gilbert and Keaton Brice off Holt Lunsford represented the landlord, Prologis, in the lease negotiations. Tyler Howarth and Abby Aulds, also with Holt Lunsford, represented the tenant, Lux Ice, which makes slow-melting drinking ice for alcoholic beverages.

April 28, 2023

Constitution-Logistics-Center-Piscataway

Development Industrial New Jersey Northeast

Rockefeller Group Breaks Ground on 147,000 SF Industrial Project in Piscataway, New Jersey

by Taylor Williams April 28, 2023

PISCATAWAY, N.J. — New York City-based developer Rockefeller Group has broken ground on Constitution Logistics Center, a 147,000-square-foot industrial project in the Northern New Jersey community of Piscataway. The 18-acre site at 10 Constitution Ave. formerly housed a 100,000-square-foot office building that was owned and occupied by hearing aid manufacturer WS Audiology and that is now being demolished. Constitution Logistics Center will feature a clear height of 36 feet, 41 loading docks, 123 car parking spaces and 57 trailer stalls. Completion is slated for the second quarter of 2024. ARCO Construction is the general contractor for the project. Cushman & Wakefield and KBC Advisors have been appointed as the leasing agents.

April 28, 2023

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