TEXARKANA, TEXAS — COIM USA, a provider of specialty chemicals, has acquired a 20-acre industrial facility at TexAmericas Center, a 12,000-acre mixed-use and industrial park located near the Arkansas-Texas border in Texarkana. Another chemicals manufacturer, Palmer International, sold the rail-served site, which includes a 25,000-square-foot facility in addition to logistics and transload infrastructure. The sales price was not disclosed.
NEW YORK CITY — A joint venture between Broad Street Development and TPG Angelo Gordon has purchased a 56,384-square-foot self-storage facility in Manhattan’s Tribeca neighborhood for $43.5 million with plans to undertake a multifamily conversion. The 10-story building at 139 Franklin St. was originally constructed in 1915 and houses 74 units. Brendan Maddigan, Andrew Scandalios, Ethan Stanton, Hall Oster, Michael Mazzara and Vickram Jambu of JLL represented the seller, the Sofia Family, in the transaction and procured the joint venture as the buyer. A construction timeline for the conversion was not announced.
RUTHER GLEN, VA. — Lingerfelt and The Davis Cos. have signed a 152,491-square-foot lease with design-build and systems integration firm M.C. Dean at Carmel Church Business Center in Ruther Glen, roughly 30 miles north of Richmond. The new lease will allow M.C. Dean to expand its production capacity, shifting more space away from onsite storage to meet the growing demand for its mission-critical products. Modular Mission Critical, M.C. Dean’s 585-acre manufacturing campus one mile northeast of Carmel Church Business Center, will serve as the hub for customizable, tested and secure modular products. Jake Servinsky and Jimmy Appich of JLL represented M.C. Dean. Graham Stoneburner and Mark Douglas of Cushman & Wakefield | Thalhimer represented ownership in the lease negotiations. Caramel Church Business Center, a 325,500-square-foot warehouse, was completed in 2024 through a joint venture between Lingerfelt and Boston-based Davis. ARCO Design/Build developed the facility.
NEW BRUNSWICK, N.J. — Israel’s Bank Hapoalim has provided a $33 million construction loan for Joyce Kilmer Logistics Center, a 195,421-square-foot industrial project that will be located in the Central New Jersey community of New Brunswick. The site is proximate to Exit 9 off the New Jersey Turnpike, and the facility will have two buildings that will feature a clear height of 36 feet and 32 loading docks. Brad Domenico, Frank Stanislaski and Jack Subers of Cushman & Wakefield arranged the loan on behalf of the borrower, a partnership between two New Jersey-based firms, Faropoint and Deugen Development.
CHARLOTTE, N.C. — Atlanta Property Group (APG) has purchased 5416 Wyoming Ave., an 80,000-square-foot infill distribution building in Charlotte. Situated in the Westinghouse industrial submarket, the facility was originally constructed in 1998 and features 18 to 21-foot clear heights, a 150-foot truck court, dock-high doors, full-building HVAC and heavy power. The facility was fully leased at the time of sale and marks APG’s second industrial acquisition in Charlotte. APG plans to invest $150 million of committed funds into existing distribution properties in the Atlanta, Charlotte, Greenville, Savannah, Nashville, Raleigh and Central Florida markets by the end of 2025.
PHOENIX AND POWAY, CALIF. — Stos Partners has completed two industrial transactions in Phoenix and Poway. The firm acquired a 39,351-square-foot freestanding industrial building at 2229-2235 E. Magnolia St. in Phoenix for $5.2 million, or $131 per square foot. Purchased from a private investor in an off-market transaction, the vacant warehouse is situated in the Sky Harbor submarket. The building features a clear height of 24 feet, two dock-high and two grade-level doors. Stos Partners plans to reposition the property through a series of capital improvements, including roof replacement, parking lot resurfacing, HVAC upgrades, new speculative office build-out, exterior and interior painting and drought-tolerant landscaping. Parker Huston of DAUM Commercial represented Stos Partners, while Jerry Hillary of DAUM represented the seller in the deal. Stos Partners also completed the $6.5 million disposition of 12575 Stowe Drive in Poway. The firm acquired the 18,000-square-foot property in 2020 for $3.6 million and executed its business plan ahead of schedule. The asset includes a large, secured yard, 26 percent floor-area ratio, a clear height of 20 feet, four grade-level doors and two stories of office space. Tim Clepper of San Diego Commercial represented Stos Partners, while Josh West of Voit Real Estate represented the …
SOUTHFIELD, MICH. — Inland Real Estate Investment Corp. and Devon Self Storage have completed a 77,600-square-foot self-storage facility in the Detroit suburb of Southfield. The project involved the conversion of an office building into a four-story, climate-controlled self-storage facility with 767 units, a 24-hour security system and covered loading area. The property is located at 24700 Northwestern Highway near I-696. Devon is a member of The Inland Real Estate Group of Cos. Inc.
HOUSTON — Stream Realty Partners will develop a 300,000-square-foot industrial project in northwest Houston. The 17-acre site is located off West 43rd Street between Hempstead Highway and U.S. Highway 290. The cross-dock building will be able to accommodate a single or multiple users. Seeberger Architecture is designing the project, and Kimley-Horn is providing civil engineering services. Stream will also be the property’s leasing agent. Construction is scheduled to begin in the first quarter of 2026 and to be complete before the end of next year.
HOUSTON — A partnership between locally based development firm Moody Rambin and Fort Worth-based investment firm Exline Capital has acquired Central Park Northwest, a 293,743-square-foot industrial park in northwest Houston. The property consists of eight buildings that include office space. The seller and sales price were not disclosed, and no third-party brokers were named as being involved in negotiating the transaction. Moody Rambin’s in-house team will lease the property.
IRVING, TEXAS — Orlando-based development firm Foundry Commercial will undertake an industrial redevelopment in Irving. Foundry plans to demolish a vacant, 45,000-square-foot office building at 4250 N. Belt Line Road and construct a 118,032-square-foot warehouse with 32-foot clear heights. Construction is scheduled to begin in September and to be complete in summer 2026. Foundry has partnered with a fund advised by Crow Holdings Capital on the project and tapped Holt Lunsford Commercial as the leasing agent.