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Industrial

ArizonaDevelopmentIndustrialWestern

Stevens-Leinweber Construction Completes 160,000 SF Phoenix Logistics Center Two 

by Jeff Shaw

PHOENIX — Stevens-Leinweber Construction has completed a 160,000-square-foot custom build-out at Phoenix Logistics Center (PLC) Two in Phoenix.  The new space is designed to meet the manufacturing and distribution needs of new tenant Georgia-Pacific LLC and its HP PageWide T1190 Press, the world’s largest high-volume digital pre-print solution for corrugated packing.  Built originally on a speculative basis, PLC Two offers 40-foot clear height, 70-foot speed bays, a 190-foot truck court, 160 dock-high doors and six grade-level doors. It is leased to Georgia-Pacific and Owens Corning, which occupies the building’s remaining space.

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ColoradoIndustrialLeasing ActivityWestern

Canopy Aerospace Leases 18,681 SF Headquarters in Littleton, Colorado

by Jeff Shaw

LITTLETON, COLO. — Canopy Aerospace, a startup manufacturer for emerging space and hypersonic industries, has leased a 18,681-square-foot space at 8101 Midway Drive in Littleton.  The industrial asset will serve as the company’s headquarters as it continues to expand its team and manufacturing operations. The company chose Colorado because of its deeply connected space ecosystem and access to talented future hires from this community.  Matt Harbert, Morgan Barstad and Alex Hammerstein of Raise Commercial Real Estate represented Canopy Aerospace in the transaction.  

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IndustrialLeasing ActivityTexas

Lone Star Event Rentals Signs 12,000 SF Industrial Lease in Northwest Dallas

by Taylor Williams

DALLAS — Lone Star Event Rentals, which provides furniture for large-scale gatherings, has signed a 12,000-square-foot industrial lease at Bickham Industrial Park in northwest Dallas. The deal brings the five-building complex to full occupancy. Jason Finch and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Bickham EPA LLC, in the lease negotiations. The representative of the tenant was not disclosed.

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IndustrialLoansNew JerseyNortheast

Valley Bank Provides $11M Loan for Refinancing of Northern New Jersey Industrial Property

by Taylor Williams

HACKENSACK, N.J. — Valley Bank has provided an $11 million loan for the refinancing of 211-215 South Newman Street, an 81,000-square-foot industrial property located in the Northern New Jersey community of Hackensack. The multi-building facility features a clear height of 15 feet, three drive-in doors, 11 docks and ample car and trailer parking. The borrower was locally based investment firm The STRO Cos. Tenants at the property include Diaz Wholesale, Mittera Group and John Mini Distinctive Landscapes.  

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 179-Unit Self-Storage Facility in Cameron, Texas

by Taylor Williams

CAMERON, TEXAS — Marcus & Millichap has brokered the sale of Cameron U Store M, a 179-unit self-storage facility that sits on a 2.5-acre site about 50 miles south of Waco. The property was built in 1950 and spans 29,128 net rentable square feet of non-climate-controlled space. Arol Horkavy and Jon Danklefs of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies that requested anonymity, in the transaction.

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AcquisitionsIndustrialTexas

Finial Group Arranges Sale of 12,260 SF Industrial Building in North Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has arranged the sale of a 12,260-square-foot industrial building located at 12402 Eastex Freeway in North Houston. The newly renovated building includes 2,400 square feet of office space. Doc Perrier and William Alcorn of Finial Group represented the seller in the transaction, and Jeff Kuper and Stephen Kuper of Lee & Associates represented the buyer. Both parties requested anonymity.

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AcquisitionsIndustrialIowaMidwestSelf-Storage

Area Commercial Real Estate Services Brokers Sale of 68,000 SF Self-Storage Facility in Des Moines

by Kristin Harlow

DES MOINES, IOWA — Area Commercial Real Estate Advisors has brokered the sale of a CubeSmart Self Storage facility in Des Moines for an undisclosed price. The property was formerly a Gordmans department store that was converted into self-storage space in November 2021. The facility features roughly 68,000 rentable square feet of climate-controlled space. Tom Flannigan, Alex Ihrke and Matt Haugen of Area brokered the sale and serve as the Minnesota, Iowa and North and South Dakota broker affiliates for Argus Self Storage Advisors. U-Haul was the buyer.

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DevelopmentIndustrialNew JerseyNortheast

Joint Venture Breaks Ground on 78,000 SF Industrial Project in Piscataway, New Jersey

by Taylor Williams

PISCATAWAY, N.J. — A joint venture between Levin Properties and an undisclosed partner has broken ground on a 78,000-square-foot industrial project in the Northern New Jersey community of Piscataway. The site at 30 Duke Road is located within Rutgers Industrial Center, a seven-building, 650,000-square-foot development. Building features will include a clear height of 40 feet, 13 bays and an ESFR sprinkler system. Completion is slated for the fourth quarter. Cushman & Wakefield is marketing the property for lease.

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DevelopmentIndustrialLeasing ActivityNorth CarolinaSoutheast

Beacon Partners Signs Four Tenants Totaling 202,403 SF at Carolina Logistics Park in Metro Charlotte

by John Nelson

PINEVILLE, N.C. — Beacon Partners has signed four tenants to leases at 12004 Carolina Logistics Drive within Carolina Logistics Park in Pineville, roughly 13 miles outside Charlotte. Together the companies will fully occupy the property’s full 202,403 square feet, which was completed last month and features 32-foot ceilings and a full concrete truck court. ProSource, a Greenville-founded distributor of plumbing supplies, luxury plumbing fixtures, lighting fixtures and cabinet and door hardware, will lease 54,694 square feet. VIP Products, a pet toy and product distributor, will occupy 54,605 square feet. E2i Solutions, a supplier of multifamily and seniors housing lighting, will open a 40,237-square-foot distribution hub at the property, and Elnik Systems, a metal injection molding furnace and debinding oven manufacturer, will occupy 52,867 square feet for production and training. Jay Hill of JLL represented ProSource in the lease negotiations, Dave Hanna of Foundry Commercial represented VIP Products, Bradley Dunn of Stream Realty Partners represented E2i Solutions and Hill and John Cashion of JLL represented Elnik Systems.

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AcquisitionsIndustrialUtahWestern

Westcore Acquires Raceway Commerce Center in West Valley City, Utah for $52.2M

by Jeff Shaw

WEST VALLEY CITY, UTAH — Westcore has purchased Raceway Commerce Center in West Valley City for $52.2 million. The two-building, 397,894-square-foot industrial property is located at 6075 W SR-201 Frontage Road and 2234 South 5900 West.  The brand-new, tilt-up construction center is 33 percent pre-leased to three tenants. Westcore plans to build out improvements for the tenants, and potentially build out two more spec office suites, one per building.  Westcore represented itself in the transaction. Phillip Eilers and Jon Schreck of Cushman & Wakefield represented the seller, Brennan Investment Group.

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