BREMEN, IND. — CBRE has arranged the $5.3 million sale of a 142,914-square-foot industrial property at 833 Legner St. in Bremen, a city in northern Indiana. A building was fully leased with 6.3 years remaining on the lease to Patrick Industries, a manufacturer and supplier of interior and exterior component solutions for the RV, marine, powersport and housing markets. Situated on 9.7 acres, the facility features 16 grade-level doors with clear heights ranging from 12 to 24 feet. Kevin Foley, Austin Wolitarsky, Anthony DeLorenzo and Terry Busch of CBRE represented the private seller. The asset sold to a private, high-net-worth 1031 exchange buyer from California.
Industrial
CONYERS, GA. — JLL Capital Markets has arranged a $44.1 million financing package comprising joint venture equity and debt for the development of Dogwood Logistics Center, a 388,960-square-foot industrial property under development in Conyers, about 24 miles east of downtown Atlanta. Bobby Norwood, Mark Sixour, Hamp Gibbs and Streeter Simmons of JLL secured a $25.4 million construction loan through Pinnacle Financial Partners on behalf of the developer, Holder Properties. Hartford Investment Management Co. (HIMCO) provided $18.7 million in joint venture equity. Scheduled to deliver in summer 2026, Dogwood Logistics Center will feature two shallow-bay, rear-load buildings spanning 205,265 square feet and 187,593 square feet. The facilities will offer 36-foot clear heights, concrete tilt-wall construction, 60-foot dock bay depths, 210- to 230-foot building depths and TPO roofing. Additionally, the property will provide two exits along I-20. Dogwood Logistics Center marks Holder Properties’ second industrial project in 2025 with Pinnacle Financial Partners and HIMCO.
DALLAS — Atlanta-based Stonemont Financial Group has acquired a 224,060-square-foot industrial service facility in southwest Dallas. The site at 3912-4012 W. Illinois Ave. spans 24.8 acres and functions as a heavy equipment and fabrication facility with nearly 10 acres of stabilized outdoor storage space. The facility was fully leased at the time of sale. The seller and sales price were not disclosed.
SPRING, TEXAS — Locally based brokerage firm Oxford Partners has arranged the sale of an 18,000-square-foot industrial flex building in Spring, a northern suburb of Houston. According to LoopNet Inc., the single-tenant building at 1271 Rayford Bend Road was constructed on 2.5 acres in 2013. Nathan Buckhoff and Matt Rogers of Oxford Partners represented the seller, Texas Properties Ltd., in the transaction. Kevin Caywood of Stream Realty Partners represented the undisclosed buyer.
EATONTOWN, N.J. — JLL has arranged the refinancing of West Ridge Corporate Campus, a 114,622-square-foot industrial and office property located in the Northern New Jersey community of Eatontown. The 11.1-acre campus consists of three 12,000-square-foot office buildings and two industrial flex buildings totaling 36,160 and 42,462 square feet. Michael Klein, Ryan Carroll and Tyler Caricato of JLL arranged the seven-year loan through an undisclosed insurance company on behalf of the borrower, Bollerman Cos.
NORTH FAYETTE TOWNSHIP, PA. — Outrigger Industrial, in partnership with Midloch Investment Partners, has purchased a 99,500-square-foot building in North Fayette Township, located just west of Pittsburgh. The building at 1200 International Drive, which was constructed in 2023 and has 17 loading doors, was 60 percent leased to three tenants at the time of sale. The new ownership has tapped Cushman & Wakefield to lease the remaining space.
WINDSOR, COLO. — MAG Capital Partners has purchased an industrial complex at 9952 Eastman Park Drive in Windsor in a sale-leaseback with Kodak Moments, a business unit of Kodak Alaris Holdings Limited, for an undisclosed price. Kodak Moments will continue to occupy the 305,984-square-foot property, which has housed its operations since 1970. Mark West and Sam Koziol of JLL represented the seller in the sale-leaseback transaction. Terms of the sale were not released.
EVERETT, WASH. — Gantry has secured a $17.1 million permanent loan to refinance a maturing construction-to-permanent loan for a warehouse property located at 7301 Hardeson Road in Everett. FedEx fully occupies the 123,000-square-foot facility as a regional shipping center. FedEx took occupancy of the property, after construction in 2019, on a long-term lease. Tony Kaufmann and Joe Foley of Gantry secured the loan on behalf of the borrower, a private real estate investor. The 10-year, fixed-rate loan was secured from one of Gantry’s correspondent life company lenders with a partial interest-only period followed by 30-year amortization. Gantry will service the loan.
MCKINNEY, TEXAS — California-based development and investment firm CapRock Partners has acquired 15.3 acres in McKinney, located north of Dallas, with plans to construct a 250,000-square-foot industrial project. McKinney Air Business Park, named for the site’s adjacency to McKinney National Airport, will be a two-building, shallow-bay development. Construction is scheduled to begin early next year. Colliers represented the undisclosed seller in the land deal and has also been retained by CapRock as the project’s leasing agent.
MINNEAPOLIS — CBRE has arranged the sale and acquisition financing for a 220,244-square-foot, four-property industrial portfolio in metro Twin Cities. An undisclosed buyer purchased the portfolio from Big River Real Estate for $25.2 million. CBRE’s Bentley Smith, Judd Welliver, Zach Graham, Ryan Bain, Joe Horrigan and Michael Caprile represented the seller. Billy Mork and Mike Vannelli of CBRE arranged a $15 million loan on behalf of the buyer that features a five-year term, fixed interest rate and full-term interest-only payments. The properties include 1971 Seneca Road in Eagan, 1420-1464 Cliff Road in Burnsville, 3830 Cheatham Ave. in Minneapolis and 1441 First Ave. NW in New Brighton. All of the assets were at least 94 percent leased at the time of sale.