Industrial

Southwire to Open 1.2 MSF Distribution Center in Bremen, Georgia

by John Nelson February 7, 2025

BREMEN, GA. — Southwire plans to open a new 1.2 million-square-foot distribution center in Bremen, located 45 miles west of Atlanta via I-20. The new center will combine operations with three existing distribution sites in Villa Rica, Ga., serving as a centralized distribution center for customers across the organization. Upon completion, the center will rank as one of Southwire’s largest facilities for its distribution and shipping operations in the West Georgia region. The facility is scheduled to be completed by the third quarter of 2026. Southwire opened its most recent distribution center in the Dallas-Fort Worth area in August 2024.

February 7, 2025

Acquisitions Alabama Industrial Southeast

JLL Arranges Sale of 373,015 SF Industrial Property in Mobile, Alabama

by John Nelson February 7, 2025

MOBILE, ALA. — JLL Capital Markets has arranged the sale of Mobile Portside, a two-building industrial property totaling 373,015 square feet in Mobile. The two facilities were fully leased at the time of sale and feature 32- to 36-foot clear heights, 180- to 185-foot truck courts, ESFR sprinkler systems and dock doors. Jim Freeman, Britton Burdette and Dennis Mitchell of JLL represented the seller, Burton Property Group, in the transaction. One Liberty Properties Inc. was the buyer. The sales price was not disclosed. Built in 2023, Mobile Portside comprises Buildings D and N and is situated within the South Alabama Logistics Park, the largest master-planned industrial development between Texas and Georgia. The property offers access to the Port of Mobile and spans more than 1,000 developable acres. Upon completion, the park will offer approximately 11.1 million square feet of industrial space.

February 7, 2025

Acquisitions Georgia Industrial Loans Southeast Tennessee

CBRE Arranges Sale of 1.6 MSF Industrial Portfolio in Metro Atlanta, Memphis

by John Nelson February 6, 2025

BRASELTON, GA. AND MEMPHIS, TENN. — CBRE has arranged the sale of a two-property industrial portfolio in Braselton and Memphis totaling more than 1.6 million square feet. The facilities include a 613,440-square-foot cross-dock warehouse in Braselton, a city on the northeast outskirts of the metro Atlanta area, and a 1 million-square-foot cross-dock warehouse in Memphis. The Braselton facility was built in 2016 and is fully leased to a large e-commerce company, and the Memphis property was built in 2021 and is fully occupied by Medtronic. Frank Fallon, Trey Barry, José Lobon, Royce Rose, George Fallon, Ryan Bain, Zach Graham and Bentley Smith of CBRE represented the seller, JW Mitchell Co., in the transaction. The buyer and sales price were not disclosed. Additionally, Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of CBRE’s debt and structured finance team in Atlanta arranged a $69.9 million acquisition loan through Wells Fargo on behalf of the buyer.

February 6, 2025

Acquisitions Industrial North Carolina Southeast

Avison Young Negotiates Sale of 123,140 SF Industrial Facility in Charlotte

by John Nelson February 6, 2025

CHARLOTTE, N.C. — Avison Young has negotiated the sale of a 123,140-square-foot industrial facility located at 6000 Old Concord Road in Charlotte. Chris Skibinski, Henry Lobb, Abby Rights and Jewell Gentry of Avison Young represented the buyer, Stonelake Capital Partners, in the transaction. Will Jenkins, Marc Hedrick and Jack Harvey also represented Stonelake on an internal basis. Scott Hensley of Piedmont Properties represented the seller. The sales price was not disclosed. The property was built in 1984, according to LoopNet Inc.

February 6, 2025

Acquisitions California Industrial Self-Storage Western

Westport Properties Buys 2,284-Unit Self-Storage Portfolio in Southern California

by Amy Works February 6, 2025

CARSON AND CARLSBAD, CALIF. — Westport Properties has acquired a self-storage portfolio comprising two StorQuest Self Storage-managed assets in Carson and Carlsbad. Terms of the transaction were not released. Built in 2006 on 4.5 acres, the Carson property is located at 17106 Avalon Blvd. The Carlsbad property is located at 2500 Campbell Place and was built in 2008 on 3.4 acres. The portfolio totals 270,841 rentable square feet and 2,284 self-storage units. At the time of sale, the portfolio was 90 percent leased. Greg Wells, Kevin Cuff, Luke Elliott and Mike Mele of Cushman & Wakefield’s Self Storage Advisory Group represented the undisclosed seller in the transaction.

February 6, 2025

Arizona Development Industrial Western

Ryan Cos., Alidade Capital Break Ground on Chandler Freeways Business Park in Arizona

by Amy Works February 6, 2025

CHANDLER, ARIZ. — A joint venture between Ryan Cos. and Alidade Capital has closed financing and broken ground on Chandler Freeways Business Park, located southeast of Loop 202 and Interstate 10 in Chandler. The project includes converting a former office building, which was originally built by Ryan Cos. in 2003, into an 87,600-square-foot, single-story Class A industrial building, and constructing a 102,875-square-foot Class A industrial building. Chandler Freeways Business Park will feature full concrete truck courts, reinforced speed bays, speculative office suites, warehouse lighting, the capacity for high power, a total of 26 dock-high doors and 301 vehicle parking stalls. Butler Design Group is the architect of record. Mark Krison, Luke Krison and Armand Doost of CBRE are marketing the project for lease.

February 6, 2025

California Development Industrial Western

RAF Pacifica Group Completes 146,000 SF Industrial Complex in Escondido, California

by Amy Works February 6, 2025

ESCONDIDO, CALIF. — RAF Pacifica Group (RPG) has completed the development of Escondido Logistics Center, located at lots 10-18 within Escondido Technology and Research Park. The $60 million, 146,000-square-foot project includes two free-standing buildings featuring 28-foot clearances, heavy power and above-standard loading positions. San Diego Water Authority, represented by Colliers, acquired the 88,000-square-foot building upon completion of the project. The 58,000-square-foot building is being marketed for lease or sale by Aric Stark and Drew Dodds of Cushman & Wakefield.

February 6, 2025

Acquisitions Indiana Industrial Midwest

CBRE Negotiates $12.7M Sale-Leaseback of Industrial Portfolio in Indianapolis

by Kristin Harlow February 6, 2025

INDIANAPOLIS — CBRE has negotiated the sale-leaseback of an industrial portfolio in Indianapolis for $12.7 million. Located on nearly 15 acres at 1220, 1254 and 1310 S. West St., the portfolio comprises three buildings and a truck and trailer lot. The seller, Sodrel Truck Lines Inc., will lease back all of the properties for at least one year. The property at 1310 S. West St. is home to a truck terminal building totaling 25,856 square feet that features 70 dock-height doors and four drive-in doors as well as five driver rest suites, a driver lounge, exercise facility and service garage. The two buildings at 1254 S. West St. feature one truck maintenance building (19,180 square feet) and a truck wash and fueling building (4,358 square feet). The last parcel includes a 6.1-acre paved and fenced truck and trailer lot. The site houses more than 180 trailers. Kevin Foley, Austin Wolitarsky, Anthony DeLorenzo, Bryan Johnson, JD Graves and Sarah Greer of CBRE represented the seller. A private high-net-worth investor was the buyer.

February 6, 2025

Industrial Leasing Activity Texas

Partners Real Estate Negotiates 164,640 SF Industrial Lease in Southeast Houston

by Taylor Williams February 6, 2025

HOUSTON — Partners Real Estate has negotiated a 164,640-square-foot industrial lease within Cedar Port Industrial Park in southeast Houston. The tenant, German freight and forwarding operator deugro, will occupy the entirety of the cross-dock building at 2828 FM 1405, which sits on 47 acres and features 214 doors and 1,000 trailer positions. Gray Gilbert and Chris Haro of Partners represented the landlord, Illinois-based Dayton Street Partners, in the lease negotiations. Zane Carman, also with Partners represented the tenant.

February 6, 2025

Industrial Leasing Activity Texas

UMC Energy Solutions Signs 25,898 SF Industrial Lease in North Fort Worth

by Taylor Williams February 6, 2025

FORT WORTH, TEXAS — UMC Energy Solutions has signed a 25,898-square-foot industrial lease in North Fort Worth. The provider of oil and gas production systems is taking space at Sylvania Industrial Park, a 64-acre, rail-served development that spans 890,000 square feet. Vic Meyer, Trey Goodspeed and Carter Sells of Holt Lunsford Commercial represented the tenant in the lease negotiations. Todd Hubbard of NAI Robert Lynn represented the landlord, CanTex Capital.

February 6, 2025

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