Industrial

CapRock Partners Sells 270,000 SF West Valley Logistics Center in Walnut, California

by Amy Works January 20, 2025

WALNUT, CALIF. — CapRock Partners has completed the disposition of West Valley Logistics Center, a LEED-certified industrial warehouse in Walnut. Completed in December 2024, West Valley Logistics offers 270,000 square feet of speculative industrial space situated on 12.5 acres at 4200 Valley Blvd. The property features a clear height of 40 feet, secure dual access with drive-around capabilities, rear loading with 28 dock-high doors, 45 trailer parking stalls, 130 car spots, ample power and 10,000 square feet of two-story office space. Matt Moore, Wes Hunnicut and Michael Torres of Stream Realty represented CapRock Partners, while Mike Hartel and Nick Velasquez of Colliers represented the undisclosed buyer in the deal. The acquisition price was not released.

January 20, 2025

Acquisitions California Industrial Western

Yunqun Purchases 21,481 SF Multi-Tenant Industrial Building in Carlsbad, California

by Amy Works January 20, 2025

CARLSBAD, CALIF. — Yunqun LLC has acquired a 21,481-square-foot multi-tenant industrial building located at 5924 Balfour Court in Carlsbad. The Gildred Cos. sold the asset for $6.2 million. Yunqun plans to occupy the vacant 12,105 square feet in the building for its manufacturing business with move-in expected later this year. Chris Baumgart and Steven Field of JLL represented the seller, while Hank Jenkins, Mike Erwin and Tucker Hohenstein of Colliers represented the buyer in the transaction.

January 20, 2025

Industrial Leasing Activity Texas

Coated Metals Group Signs 27,075 SF Industrial Lease in Buda, Texas

by Taylor Williams January 20, 2025

BUDA, TEXAS — Coated Metals Group has signed a 27,075-square-foot industrial lease in Buda, a southern suburb of Austin. The manufacturer of prefinished steel products is taking space at Building 7 of Buda Midway, a development whose second phase comprises four buildings totaling 382,000 square feet. Phase II buildings feature 30- to 32-foot clear heights and speculative office space. Leigh Ellis, Blake Patterson and Omar Nasser of AQUILA Commercial represented the landlord, United Properties, in the lease negotiations.

January 20, 2025

Development Industrial Midwest Nebraska

Darland Construction to Build 105,000 SF Packing, Distribution Center for Food Bank in Omaha

by Kristin Harlow January 20, 2025

OMAHA, NEB. — Darland Construction will build a nearly 105,000-square-foot packing and distribution center for Food Bank for the Heartland in Omaha. The facility will replace the organization’s current location, which it has outgrown due to a significant increase in demand for emergency food assistance, according to Darland. Since 2018, Food Bank for the Heartland has more than quadrupled its reach and serves 93 counties in Nebraska and western Iowa. The new property will offer expanded cold storage capabilities and a significantly larger Protein Repack Room with a capacity of 4,300 square feet. The new building will be more than 40 percent larger than the current facility, providing increased space for volunteers to repackage food donations. HDR is the architect.

January 20, 2025

Acquisitions Industrial Life Sciences Northeast Pennsylvania

NAI Summit Brokers $5.5M Sale of Industrial, R&D Facility in Bethlehem, Pennsylvania

by Taylor Williams January 20, 2025

BETHLEHEM, PA. — NAI Summit has brokered the $5.5 million sale of a 48,000-square-foot industrial and research and development (R&D) facility in the Lehigh Valley city of Bethlehem. The facility features 32 clean rooms, warehouse space, an office area and a machine shop. Mike Adams and Sarah Finney Miller of NAI Summit represented the seller and former occupant, semiconductor manufacturer IQE, in the transaction. The buyer, German pharmaceutical company GfM Bremen, will also occupy the building.

January 20, 2025

Acquisitions Industrial Texas

Stonepeak Acquires 2.3 MSF Industrial Portfolio Near Port Houston

by Taylor Williams January 17, 2025

HOUSTON — Global investment firm Stonepeak, which is headquartered in New York City, has acquired a portfolio of six industrial properties totaling 2.3 million square feet in Houston. The properties, the names and addresses of which were not disclosed, serve tenants in the logistics sector and are all located within eight miles of Port Houston. JLL acted as Stonepeak’s financial advisor in the transaction. The seller and sales price were not disclosed.

January 17, 2025

Development Industrial Texas

Creation to Develop 600,000 SF Industrial Project in North Dallas

by Taylor Williams January 17, 2025

DALLAS — Creation, a developer with offices in Dallas and Phoenix, will build 635 Exchange, a three-building, 600,000-square-foot industrial project in North Dallas. The 36-acre site at the intersection of Interstates 35E and 635 formerly housed a City of Dallas landfill, and the new buildings will feature 32- to 36-foot clear heights. LGE Design Build is handling the architectural and general contracting aspects of the project, with construction scheduled to begin over the summer. Stream Realty Partners has been tapped as the leasing agent.

January 17, 2025

Acquisitions Industrial Mississippi Southeast

JLL Brokers Sale of 589,000 SF Industrial Portfolio in Metro Memphis

by John Nelson January 17, 2025

SOUTHAVEN AND OLIVE BRANCH, MISS. — JLL Capital Markets has brokered the sale of two distribution centers totaling 589,598 square feet in the Mississippi suburbs of metro Memphis. The properties include Stateline Building K in Southaven and Crossroads Building L in Olive Branch. Tulsa-based real estate firm Sealy & Co. was the buyer. The sales price was not disclosed. Motivational Fulfillment & Logistics Services leases the 347,604-square-foot Stateline K facility, and American Music Supply occupies the 241,994-square-foot Crossroads L property. Both assets feature 32-foot clear heights, ESFR sprinkler systems, parking spaces and flexible layouts to accommodate single or multi-tenant uses. Matt Wirth, Britton Burdette, Dennis Mirtchell and Jim Freeman of JLL represented the seller, IDI Logistics LLC, in the transaction. Jack Wohrman of JLL handles leasing efforts for the property.

January 17, 2025

Industrial Leasing Activity Texas

Cintas Corp. Signs 32,880 SF Industrial Lease in Buda, Texas

by Taylor Williams January 17, 2025

BUDA, TEXAS — Cintas Corp. has signed a 32,880-square-foot industrial lease in Buda, a southern suburb of Austin. The Ohio-based provider of uniforms and cleaning supplies is taking space at Building 6 of Buda Midway, a development whose second phase comprises four buildings totaling 382,000 square feet. Phase II buildings feature 30- to 32-foot clear heights and speculative office space. Leigh Ellis, Blake Patterson and Omar Nasser of AQUILA Commercial represented the landlord, United Properties, in the lease negotiations.

January 17, 2025

Acquisitions Florida Industrial Loans Southeast

Patterson Secures Acquisition Financing for 181,100 SF Industrial Portfolio in Tallahassee

by John Nelson January 17, 2025

TALLAHASSEE, FLA. — Patterson Real Estate Advisory Group has arranged a loan of an undisclosed amount on behalf of Albany Road Real Estate Partners for Capital Circle Commerce Park, a six-building industrial portfolio totaling 181,100 square feet in Tallahassee. Ameris Bank is providing the acquisition loan. The portfolio, which was 99 percent leased at the time of sale, is situated less than 10 miles from the Tallahassee International Airport and includes IOS parking for current tenants as well as any future third-party parking needs.

January 17, 2025

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