VANCOUVER, WASH. — Marcus & Millichap has arranged the sale of East Vancouver Self Storage, a self-storage facility at 515 E. 157th Ave. in Vancouver. A limited liability company sold the asset to another limited liability company for $6 million. Totaling 42,780 square feet, East Vancouver Self Storage features 390 units. At the time of sale, the property was 81 percent occupied. Christopher Secreto of Marcus & Millichap’s Seattle office represented the seller and buyer in the deal.
PARKER, COLO. — Unique Properties/TCN Worldwide has arranged the purchase of a flex property located at 10120 Twenty Mile Road in Parker. A California-based buyer acquired the asset from a local owner/developer for $4.8 million, or $365 per square foot. Brett MacDougall and Michael DeSantis of Unique Properties/TCN Worldwide represented the buyer in the deal. The approximately 1,315-square-foot building is fully occupied by two long-term tenants on triple-net leases.
SAN ANTONIO — Stream Realty Partners has broken ground on Interpark Logistics Center, a 689,215-square-foot industrial project located across the street from San Antonio International Airport. The development will comprise five buildings ranging in size from 119,600 to 155,475 square feet. Each structure will have a minimum of 24 dock doors with two drive-in ramps, 32-foot clear heights, 130-foot truck court depths and ESFR sprinkler systems. Stream is also marketing the development for lease. Completion is slated for August 2023.
BRAINTREE, MASS. — Locally based developer Onshore Properties will develop Banner Park, a 326,000-square-foot industrial project located on a 130-acre site in the southern Boston suburb of Braintree. Both of Banner Park’s two buildings will total approximately 163,000 square feet and feature clear heights of 40 feet. Combined, the facilities will offer 19 loading docks and parking for up to 560 vehicles. Colliers is marketing the development for lease.
BRENTWOOD, N.Y. — New Jersey-based investment firm Faropoint has acquired a 24,000-square-foot industrial building in the Long Island community of Brentwood. The sales price was $4.9 million. According to LoopNet Inc., the property at 180 Heartland Blvd. was built on two acres in 1986 and features a clear height of 18 feet and 1,000 square feet of office space. The seller was not disclosed.
WAXAHACHIE, TEXAS — A joint venture between two locally based firms, 2GR Equity and Connell Realty Services Inc., is underway on construction of a 562-unit self-storage facility in the southern Dallas suburb of Waxahachie. Dallas-based Lone Star Self Storage will operate the facility, which will be located at the corner of State Highway 77 and Cardinal Road. Simmons Bank provided construction financing for the project, which is expected to be complete by the end of the year.
COPPELL, TEXAS — Lee & Associates has negotiated a 33,000-square-foot industrial lease at 921 W. Bethel Road in the northern-central metroplex city of Coppell. According to LoopNet Inc., the 140,000-square-foot building was constructed on 17.3 acres in 2009 and features 32-foot clear heights and 15 exterior dock doors. Ken Wesson and Mark Graybill of Lee & Associates represented the landlord, Nuveen Real Estate, in the lease negotiations. The name and representative of the tenant were not disclosed.
AUSTIN, TEXAS — DWG Capital Partners has acquired a 10,500-square-foot industrial property located at 9606 Old Manor Road in Austin. At the time of sale, the single-tenant facility was fully occupied by custom steel fabricator Austin Iron on a net-lease basis. Drew Boroughs and Andrew Gross of Matthews Real Estate Investment Services represented the undisclosed seller in the transaction. First Bank Texas provided fixed-rate acquisition financing for the deal.
AUBURNDALE, FLA. — Dalfen Industrial has purchased 73.7 acres in the Central Florida city of Auburndale for the development of two Class A industrial facilities. The park will have direct access to an interchange of Highway 559 and I-4, a premier corridor in the region. The development will span 896,400 square feet of industrial space upon completion. No construction timeline was disclosed. Notable industrial tenants in the Auburndale area include Amazon, Walmart, PepsiCo, UPS and Sysco, according to Dalfen. The Dallas-based developer currently owns approximately 67 industrial properties in the Southeast.
GREENSBORO, N.C. — CBRE has negotiated the sale of Airpark East, a 229,184-square-foot flex/office park in Greensboro that comprises 13 buildings. A joint venture between Somerset Properties and Ten Capital Management purchased the park for $20.8 million. Patrick Gildea, Matt Smith, Grayson Hawkins and Reggie Beeson of CBRE represented the undisclosed seller in the transaction. Airpark East was 87.8 percent leased to 31 tenants at the time of the sale, according to CBRE.
