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Industrial

Chisholm-20-Benbrook
DevelopmentIndustrialTexas

Jackson-Shaw Breaks Ground on 917,374 SF Industrial Project in Benbrook, Texas

by Taylor Williams

BENBROOK, TEXAS — Locally based developer Jackson-Shaw has broken ground on Chisholm 20, a 917,374-square-foot industrial project in Benbrook, a southwestern suburb of Fort Worth. Chisholm 20’s four buildings will range in size from 80,773 to 377,844 square feet and will feature clear heights of 32 to 36 feet and ample trailer parking. Ridgemont Commercial Construction is the general contractor for the project, GSR Andrade is the architect and Kimley-Horn is the civil engineering firm. Veritex Community Bank and Comerica Bank provided construction financing. Jackson-Shaw has tapped CBRE to lease the development. Completion is slated for the third quarter of 2023.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 86,240 SF Industrial Lease in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Lee & Associates has negotiated an 86,240-square-foot industrial lease at 2101 Exchange Drive in Arlington. According to LoopNet Inc., the building part of Great Southwest Distribution Center. Reed Parker and Mark Graybill of Lee & Associates represented the landlord, Link Industrial Properties, in the lease negotiations. The name and representative of the tenant were not disclosed.

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AcquisitionsIndustrialMidwestWisconsin

Colliers Arranges Sale of 270,290 SF Distribution Center in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — Colliers has arranged the sale of a 270,290-square-foot distribution center in Kenosha for an undisclosed price. The newly constructed building is located at 10200 55th St. The property features a clear height of 32 feet, 28 exterior docks, two drive-in doors and parking for 249 cars. Jeff Devine and Steve Disse of Colliers represented the seller, Panattoni Development Co. Pritzker Realty Group was the buyer.

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DevelopmentIndustrialTexas

Public-Private Partnership to Develop 1 MSF Spec Industrial Project in Kyle, Texas

by Taylor Williams

KYLE, TEXAS — A public-private partnership between developer Alliance Industrial Co., Kyle Economic Development and the Greater San Marcos Partnership will build a 1 million-square-foot speculative industrial project in Kyle, a southern suburb of Austin. Branded Kyle/35 Logistics Park, the development will consist of five facilities ranging in size from approximately 140,000 to 475,000 square feet. Buildings will feature clear heights of 36 to 40 feet, a mix of single-load and cross-dock configurations and ample employee and trailer parking spaces. Completion is slated for the first quarter of 2023.

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DevelopmentIndustrialTexas

Cubework Opens Two Houston-Area Warehouses Totaling 302,000 SF

by Taylor Williams

HOUSTON AND SUGAR LAND, TEXAS — Cubework, an industrial and office operator specializing in flexible work solutions, has opened two warehouses totaling 302,000 square feet in Houston. The rail-served property at 3401 Navigation Blvd. is located near downtown and features 32-foot clear heights and 38 exterior dock doors. The second property, located in the southwestern Houston suburb of Sugar Land, spans 200,000 square feet and offers 32-foot clear heights and 3,030 square feet of office space. The owner(s) was not disclosed. Cubework also recently opened a 180,000-square-foot facility in San Antonio.

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398-E-1100-South-St-American-Fork-UT
AcquisitionsIndustrialUtahWestern

Gardner Batt Divests of 347,290 SF Logistics Portfolio Near Salt Lake City for $187.7M

by Amy Works

SALT LAKE CITY AND AMERICAN FORK, UTAH — Gardner Batt has completed the disposition of a 347,290-square-foot, Class A industrial portfolio near Salt Lake City to a joint venture between Greenlaw Partners and Mirae Asset Global Investments for $187.7 million. Jeff Chiate, Mike Adey, Brad Brandenburg and Matthew Leupold of Cushman & Wakefield’s National Industrial Advisory Group, along with Tom Freeman and Travis Healey of Cushman & Wakefield’s Salt Lake City office, represented the seller in the transaction. The portfolio consists of a 201,096-square-foot facility situated on 56 acres at 989 W. Center St., which was delivered in 2021, and a 146,194-square-foot property at 398 E. 1100 South St. in American Fork, which was delivered in 2020. Both facilities feature 40-foot clear heights, excess van/trailer parking, ample loading and ESFR sprinklers. The last-mile facilities are both fully leased to a Fortune 10 global e-commerce company.

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AcquisitionsColoradoIndustrialWestern

NAI Shames Makovsky Arranges $8.4M Sale of Industrial Asset in Denver

by Amy Works

DENVER — NAI Shames Makovsky has arranged the sale of an industrial building located at 4429-4477 Glencoe St. and 4444-4488 Forest St. in Denver. I-70 Glencoe Forest RLLP sold the property to Home Silk Shop for $8.4 million. The property features 53,167 square feet of industrial space. Sandy Feld of NAI Shames Makovsky represented the seller, while Michael Bloom and Matt Dorsten of Michael Bloom Realty Co. represented the buyer in the deal.

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DevelopmentIllinoisIndustrialMidwest

Bridge Industrial to Build 660,280 SF Spec Development in Romeoville, Illinois

by Kristin Harlow

ROMEOVILLE, ILL. — Bridge Industrial has acquired a nearly 67-acre site in the Chicago suburb of Romeoville with plans to build a two-building speculative industrial development totaling 660,280 square feet. Dubbed Bridge Point Romeoville, the project is slated for completion in the third quarter of 2023. Building A will total 497,480 square feet and feature a clear height of 40 feet, 136 exterior docks, four drive-in doors, 314 car parking stalls, 87 trailer parking positions and a 130-foot truck court. Building B will span 162,800 square feet and feature a clear height of 36 feet, 47 exterior docks, two drive-in doors, 146 car parking stalls, 51 trailer parking positions and a 130-foot truck court. Both buildings will offer build-to-suit office opportunities.

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LoansSelf-StorageSoutheastWest Virginia

Marcus & Millichap Capital Corp. Arranges $5.8M Loan for Self-Storage Portfolio in West Virginia

by John Nelson

FALLING WATERS AND HEDGESVILLE, W.VA. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $5.8 million loan for a four-property self-storage portfolio in West Virginia. The properties span 770 units and are located at 21 Crawford Quarry Road, 1820 Broad Lane and 9724 Williamsport Pike in Falling Waters, as well as 73 Roaring Lion Drive in Hedgesville. Jared Cassidy of MMCC’s Bethesda, Md., office arranged the 10-year loan on behalf of the borrower, a private self-storage operator, through an unnamed balance sheet lender. The loan was underwritten with a fixed interest rate of 4.1 percent and a loan-to-value ratio of 75 percent. Additionally, the loan features 12 months of interest-only payments.

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IndianaIndustrialLeasing ActivityMidwest

Peli BioThermal Inks 138,328 SF Industrial Lease Expansion in Metro Indianapolis

by Kristin Harlow

PLAINFIELD, IND. — Peli BioThermal has signed a new industrial lease for 138,328 square feet in the Indianapolis suburb of Plainfield. The company, which provides temperature-controlled packaging solutions for the life sciences industry, is more than doubling its space at HSA Commercial’s Gateway Business Park. Peli BioThermal’s current lease totals 50,000 square feet at Gateway Industrial II. The tenant will move to the recently completed Gateway Industrial VI upon expiration of its current lease by the end of the year. Peli BioThermal will build out office space and slowly transfer operations to the new facility. Jared Scaringe of CBRE represented the tenant, while Terry Busch of CBRE represented ownership. To date, HSA has completed seven buildings totaling roughly 1.2 million square feet at Gateway Business Park.

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