HOUSTON — Logistics company Yzer has signed a 28,844-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 7170 W. 43rd St. was completed in 1997 and totals 210,464 square feet. Jeremy Lumbreras and Garret Geaccone of Stream Realty Partners represented the landlord, Prologis, in the lease negotiations. Nathan Smith of Austin Tenant Advisors represented Yzer.
CAPE CORAL, FLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $14 million loan for the refinancing of a 1,016-unit self-storage facility located at 1111 S.W. Pine Island Road in Cape Coral, a southwest Florida city near Naples. Operated by CubeSmart, the 137,900-square-foot property features a wide range of climate-controlled units and moving supplies for tenants. Doug Brooks of MMCC arranged the loan through an unnamed local bank on behalf of the borrower, Island Estate Group, a real estate investment company that operates in Florida, New York, Georgia and South Carolina. The five-year loan was underwritten with a 25-year amortization schedule, 60 percent loan-to-value ratio and 18 months of interest-only payments.
PEORIA, ARIZ. — Barclay Group is developing Vistancia Commerce Park at FIVE NORTH, a speculative industrial park within the 7,100-acre Vistancia master-planned community in Peoria’s Northern Peoria Corridor. Vistancia Commerce Park at FIVE NORTH will feature 239,700 square feet of industrial space spread across four flexible building configurations. The park will include the 43,600-square-foot Building A, 54,500-square-foot Building B, 48,000-square-foot Building C and 93,600-square-foot Building D, with space divisible down to 9,400 square feet. Buildings will offer 28-foot to 32-foot clear heights, full HVAC, LED lighting and 3,000 amps of power (expandable) per building, as well as both dock- and grade-level loading capabilities. Construction is slated to begin in second-quarter 2026, with delivery expected in second-quarter 2027. Butler Design Group is serving as architect and GM Civil is serving as civil engineer. Riley Gilbert, Marc Hertzberg, Kelly Royle and Nicole Marshall of JLL are handling leasing for the project.
UNIVERSITY PARK, ILL. — Hillwood and Clarius Partners have broken ground on University Park Logistics Center, a 970,123-square-foot speculative industrial development in University Park, a southern suburb of Chicago. Situated by the I-57 interchange at Stuenkel Road, the site provides access to 85.5 million people within a single day’s drive, according to the developers. David Bercu and Jim Estus of Colliers are marketing the project for lease.
OLD BRIDGE, N.J. — Madison Realty Capital has originated a $654 million mortgage and mezzanine loan for Central 9 Logistics Park, an industrial project currently underway in Old Bridge, roughly 35 miles southwest of New York City. New Jersey-based development firm 2020 Acquisitions is the borrower. Upon completion, the development will comprise 4.1 million square feet across nine buildings. The property is situated in close proximity to Garden State Parkway, New Jersey Turnpike and I-287, with access to the Port of New York and New Jersey’s Port Newark-Elizabeth Marine Terminal and Newark Liberty International Airport. The borrower will use the funds to refinance five buildings in Phase I of Central 9 Logistics Park and to cover construction and leasing costs for two buildings in Phase II. The finished buildings at the campus range from 192,000 to 818,000 square feet in size. The buildings planned for Phase II will total 139,000 and 809,000 square feet, respectively. 2020 Acquisitions is also planning Phase III at Central 9 Logistics Park, which will comprise two final buildings. “With three leases signed over the past 45 days totaling approximately 900,000 square feet, we are accelerating the construction of Phase II and will begin construction immediately,” says Efrem …
GALLATIN AND SPRING HILL, TENN. — Affinius Capital has provided a $17.3 million loan for the refinancing of a two-property self-storage portfolio in the Nashville suburbs of Gallatin and Spring Hill. Storelocal operates both facilities, which total 1,341 units. Amit Tyagi and Andy Bratt of Gantry arranged the loan on behalf of the borrower, Pruitt Investments. Each property features drive-up entry, climate-controlled units, onsite management, controlled gate access with keypad entry, a leasing office and 24/7 digital surveillance.
TERRELL, TEXAS — Kansas City-based VanTrust Real Estate will develop a 708,918-square-foot speculative industrial project in Terrell, an eastern suburb of Dallas. Phase I of Terrell Logistics Center will feature two buildings spanning 202,972 and 505,946 square feet on a 75-acre site. The smaller building will have a read-load configuration, and the larger facility will have a cross-dock configuration. Construction is scheduled to begin in the second quarter of next year and to last about a year. Project partners include Bob Moore Construction, Alliance Architects and Claymoore Engineering.
LOCKHART, TEXAS — Stream Realty Partners has brokered the sale of a 283,000-square-foot industrial building in the Central Texas city of Lockhart. The 25-acre property at 1205 Reed Drive also includes a 5.4-acre greenhouse, a 48,900-square-foot, “high-tech” warehouse and nine acres of excess land for future development. Ralph Coppola, Will Hall and Bridger Gunderson of Stream represented the seller, Austin-based Evergen Equity, in the deal. The buyer was Sensei Farms, a sustainable farming company backed by Oracle co-founder Larry Ellison.
HOUSTON — JS Wholesale has signed a 34,282-square-foot industrial lease in southwest Houston. The space is located at 4860 S. Sam Houston Parkway W. Will Mason and Wilson Kelsey of Stream Realty Partners represented the tenant in the lease negotiations. Joseph Smith and Savannah Smith of CBRE represented the locally based landlord, The Levey Group.
BELGRADE, MONT. — Hanley Investment Group Real Estate Advisors has brokered the sale of a newly constructed, single-tenant property located within the master-planned community of The Foundry in Belgrade, approximately 11 miles northwest of Bozeman. An Amazon facility occupies the 52,300-square-foot building. Eric Wohl and CJ Kiehler of Hanley, in association with locally based Venture West Development LLC, represented the seller. Samer Khalil of Newmark represented the buyer, a New York-based private 1031 exchange investor. The sales price was not disclosed.