AUSTIN, TEXAS — The Kroger Co. (NYSE: KR) has opened a 70,000-square-foot delivery service center in Austin. The Cincinnati-based grocer signed a six-year lease to occupy one of three buildings at Tuscany Logistics Center, a 373,648-square-foot development on the city’s northeast side. Target (NYSE: TGT) and Diligent Delivery occupy the other two buildings at Tuscany Logistics Center, which is owned by Dallas-based Dalfen Industrial.
LITTLE ROCK, ARK. — Sealy & Co. has purchased a 185,475-square-foot industrial property located at 6001 Lindsey Road in Little Rock. The firm acquired the property for an undisclosed amount in an off-market deal at below replacement costs. Jason Gandy and Brooks Burgin led the transaction for Sealy & Co. on an internal basis. Andrew Wiechern of Colliers represented the seller, Tempus Realty Partners. The Class A, multi-tenant warehouse has a brand new TPO roof, as well as 22 dock doors, one drive-in door, 120-foot truck court, 24-foot clear heights and front-load configuration.
MOONACHIE, N.J. — A partnership between Illinois-based Venture One Real Estate and Kovitz Investment Group has purchased a 21,594-square-foot industrial building in the Northern New Jersey community of Moonachie. The freestanding building was constructed in 1985 and features 22-foot clear heights and 3,332 square feet of office space. James McNerney of McBride Corporate Real Estate represented the buyer in the transaction.
AURORA, ILL. — Engineering and consulting firm Crawford, Murphy, Tilly Inc. has renewed its 18,000-square-foot industrial lease at 550-600 N. Commons Drive in Aurora. Jon Springer and Gary Fazzio of CBRE represented the tenant. Clear Height Properties owns the building.
RICHMOND, VA. — Sapporo USA Inc. has signed an office/warehouse lease at Sauer Industrial Center, an industrial park located at 943 S. Airport Drive in Richmond. The beer manufacturer will occupy 149,030 square feet at the property. Cliff Porter of Porter Realty represented the landlord, Becknell Industrial, in the lease negotiations.
FRANKLIN, OHIO — Marcus & Millichap has brokered the sale of a two-property self-storage portfolio in Franklin, which is located about midway between Dayton and Cincinnati. The sales price was undisclosed. The facilities, which are located within a mile of each other, feature a combined 273 non-climate-controlled units, 61 rentable parking spaces and two rentable office spaces. The portfolio is 78 percent occupied. Gabriel Coe, Brett Hatcher and Nathan Coe of Marcus & Millichap represented the seller, a limited liability company. The portfolio sold to an out-of-state buyer as part of a multi-state portfolio sale.
SPOKANE, WASH. — SVN Cornerstone has brokered the sale of Perry Storage, a warehouse, office, indoor and outdoor storage facility in Spokane. RDD Holdings LLC acquired the property from Perry LLC for $7 million. Situated on 13.5 acres at 10808 N. Perry St., the multi-building facility features 47,428 square feet of self-storage space. The property was constructed between 2009 and 2016. John Hiller of SVN Cornerstone represented the buyer, while the seller was self-represented in the deal.
RIALTO, CALIF. — Stream Realty Partners has fully entitled its two latest Class A industrial projects totaling 117,000 square feet in the Inland Empire city of Rialto. The company plans to develop a 47,980-square-foot industrial facility on 2.9 acres at 855 W. Rialto Ave. and a 68,970-square-foot facility on 4.7 acres at 169 S. Spruce Ave. The building on West Rialto Avenue will feature 32-foot clear heights, eight dock-high doors, one drive-in door, a 160-foot truck court, 58 auto parking stalls and 5,500 square feet of built-out, ground-floor and mezzanine office space. The property on South Spruce Avenue will offer 32-foot clear heights, seven dock-high doors, one drive-in door, a 185-foot truck court, 13 trailer positions, 59 auto parking stalls and 6,000 square feet of built-out, ground-floor and mezzanine office space.
AUSTIN, TEXAS — CBRE has negotiated the sale of a 550-unit self-storage facility in Austin. Public Storage currently operates the facility, which comprises 52,303 net rentable square feet of climate-controlled space. Nick Walker and Nate Holash led a CBRE team that represented the seller, global investment firm KKR, in the transaction. Utah-based REIT Extra Space Storage purchased the facility for an undisclosed price.
AUSTIN, TEXAS — Stream Realty Partners is nearing completion of Howard 130, a 376,380-square-foot industrial project in northeast Austin. The site spans 29 acres between I-35 and State Highway 130, offering proximity to both The Domain and the downtown area. The development’s three buildings will range in size from 94,400 to 197,980 square feet. Completion is slated for the second quarter.