ST. LOUIS — Argus Self Storage Advisors has brokered the sale of the Second Attic Self Storage property in St. Louis for an undisclosed price. The 34,450-square-foot facility sits on nearly two acres near I-170 and St. Charles Rock Road. Larry Goldman of Argus brokered the transaction. Second Attic Associates LLC sold the property to St. Charles Rock Storage LLC. INB Bank provided acquisition financing.
ROANOKE, TEXAS — JLL has negotiated the sale of HWY 114 Distribution Center, a 568,632-square-foot industrial facility located in the North Texas city of Roanoke. The 68.6-acre site is located two miles east of the intersection of I-35 and State Highway 114. The cross-dock facility was completed in 2021 and features 36-foot clear heights, 119 dock doors and 229 parking spaces. Los Angeles-based Cohen Asset Management purchased the property from Provident Realty Advisors for an undisclosed price. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe and Matthew Barge of JLL brokered the deal. At the time of sale, HWY 114 Distribution Center was fully leased to UNIS, a California-based third-party logistics provider.
DALLAS — Locally based firm GTC Real Estate Investments will develop Trinity Industrial Park, an 80,000-square-foot project that will be located in the Brookhollow submarket of Dallas. Trinity Industrial Park will comprise two buildings on a 5.4-acre site at 8733 N. Stemmons Freeway. Azimuth Architecture Inc. will handle design, and Pritchard Associates Inc. will serve as construction manager. NAI Robert Lynn will lease the development. Construction is scheduled to begin in the first quarter of 2023 and to be complete by the end of next year.
EAST HANOVER, N.J. — JLL has arranged a $33 million construction loan for Bridge Point East Hanover, a 314,413-square-foot industrial project in Northern New Jersey. The warehouse and distribution center will feature a clear height of 32 feet, 62 dock-high doors, 60 trailer parking spaces and 100 car parking spaces. Michael Klein, Jon Mikula and Ryan Carroll of JLL arranged the four-year, floating-rate loan through Hartford Investment Management Co. on behalf of the borrower, Bridge Industrial LLC.
NORTH LAS VEGAS, NEV. — The Newport Beach, Calif., office of Trammell Crow Co. and Washington Capital Management, on behalf of its client, have commenced construction of Phase III at the 134.7-acre Golden Triangle Logistics Center in North Las Vegas. The new phase will include 600,000 square feet of industrial space spread across two Class A buildings and bring the development’s footprint to nearly 2.3 million square feet across five buildings. Located at the southwest corner of East Washburn Road and Statz Avenue, Building 4 will feature 400,371 square feet. Slated for a mid-year 2023 completion, the rear-load facility will offer 36-foot clear heights, 63 dock-high truck doors, two drive-in doors and parking for 338 cars and 74 trailers. Located at 2815 E. Washburn Road, the 202,705-square-foot Building 5 is preleased to Fasteners Inc. Southwestern Supply. Scheduled for a spring 2023 occupancy, the rear-load facility will feature 36-foot clear heights, 29 dock-high truck doors, one drive-in door and parking for 127 cars and 35 trailers. The tenant, a wholesaler of construction equipment and supplies, will use the building as its West Coast distribution hub. Rob Lujan of JLL represented Fasteners Inc. Southwestern Supply in the lease. Donna Alderson of Cushman …
LACEY, WASH. — Panattoni Development Co. and GLP Capital Partners have completed the disposition of Lacey Logistics, a Class A industrial building in Lacey. An undisclosed buyer acquired the asset for $23.8 million. Completed in 2021, the cross-dock, 141,884-square-foot building features 130-foot truck courts, 30-foot clear heights, dock-high and drive-in loading, trailer parking, ESFR sprinklers and heavy power. The facility is fully leased to three tenants: Morgan Transfer, Direct Export and Blue Line Foodservice. The property is located at 3130 Hogum Bay Road, less than 1.5 miles from Interstate 5, approximately 35 miles southwest of the Port of Tacoma and 60 miles southwest of downtown Seattle. Brett Hartzell and Paige Morgan of CBRE National Partners in the Pacific Northwest represented the sellers in the deal.
AUSTIN, TEXAS — Locally based investment and development firm Rastegar Property Co. has broken ground on INF1NITY Park, a 600,000-square-foot industrial project in Austin. The property will be situated on 50 acres at 11708 McAngus Road near the Tesla Gigafactory and will be developed in phases. Phase I will comprise three buildings ranging in size from 90,000 to 168,000 square feet, one of which is already fully preleased. The second phase will feature a 241,920-square-foot building that will be marketed as a build-to-suit opportunity. The buildings will offer 32- to 36-foot clear heights and a total of 246 docks and 800 parking spaces.
HOUSTON — Dallas-based investment firm Apricus Realty Capital has purchased three outdoor industrial storage sites totaling approximately 70,000 square feet in Houston. The sites comprise five buildings on a combined four acres in the city’s Northwest Inner Loop submarket. Apricus Realty Capital acquired the assets in a joint venture with institutional investment firm Alex Brown Realty. The seller and sales price were not disclosed.
NEW JERSEY — French investment bank Natixis has provided an $89.1 million loan for the refinancing of the Crossings Industrial Portfolio, a collection of 25 buildings totaling roughly 1.2 million square feet that are located throughout Southern New Jersey and Bucks County, Pennsylvania. Specifically, the properties are located in Delran, Bridgeport, Evesham, Cinnaminson and Mount Laurel, New Jersey, and Bristol, Pennsylvania. John Alascio, Chuck Kohaut and T.J. Sullivan of Cushman & Wakefield arranged the debt. The borrower was Camber Real Estate Partners, an investment firm based in Northern New Jersey.
CLIFTON, N.J. — H Global Commerce Inc., a commercial glass distributor, has signed a 28,700-square-foot industrial lease in the Northern New Jersey community of Clifton. Josh Krantz, Michael Schaible and Troy Wisse of Lee & Associates represented the landlord, Boston-based Longpoint Realty Partners, in the lease negotiations. David Simon of Prominent Properties represented the tenant.