Industrial

Norris & Stevens Brokers $4.5M Sale of Industrial Warehouse in Troutman, Oregon

by Amy Works May 25, 2022

TROUTMAN, ORE. — Portland-based Norris & Stevens has brokered the sale of an industrial warehouse facility located at 1871-1891 NW Commerce Court in Troutman. An entity doing business as PDX Trans LLC acquired the property from an undisclosed seller for $4.5 million. Situated on 1.6 acres, the 23,896-square-foot warehouse features 4,168 square feet of office space and 5,000 square feet of fenced yard space. The single-story warehouse has 20-foot clear heights, two dock-high loading doors and three grade-level doors. Additionally, the site offers abundant parking and easy access to Marine Drive and Interstate 84. Tim Budelman of Norris & Stevens represented the buyer in the transaction, while Mike Hale and Brody Cohen of Capacity Commercial represented the seller.

May 25, 2022

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 327-Unit Self-Storage Facility in Metro Dallas

by Taylor Williams May 25, 2022

MESQUITE, TEXAS — Marcus & Millichap has brokered the sale of Starpoint Self Storage & Business Park, a 327-unit facility located in the eastern Dallas suburb of Mesquite. The property spans 70,590 net rentable square feet. Brandon Karr of Marcus & Millichap represented the seller, a privately held investment partnership, in the transaction. Karr also procured the buyer, a publicly traded REIT. Both parties involved in the deal requested anonymity.

May 25, 2022

Development Indiana Industrial Midwest

Stellantis, Samsung SDI to Invest $2.5B for Electric Vehicle Battery Manufacturing Plant in Kokomo, Indiana

by Kristin Harlow May 25, 2022

KOKOMO, IND. — Stellantis N.V. and Samsung SDI have formed a joint venture with plans to invest more than $2.5 billion to build an electric vehicle battery manufacturing plant in Kokomo, about 50 miles north of Indianapolis. The facility is expected to become operational in 2025 with an initial annual production capacity of 23 gigawatt hours. The total capacity is expected to increase further as demand for Stellantis electric vehicles is expected to rise, according to a news release. The joint venture says the project will create 1,400 new jobs in Kokomo and surrounding areas. Construction is expected to begin later this year.

May 25, 2022

Industrial Leasing Activity Texas

JD Fields & Co. Signs 133,125 SF Lease at Greens Port Industrial Park in Houston

by Taylor Williams May 25, 2022

HOUSTON — JD Fields & Co., a locally based supplier of steel products, has signed a 133,25-square-foot lease at Greens Port Industrial Park, a 735-acre development located near Port Houston. The multimodal park encompasses more than 3 million square feet of warehouse space and four railyards. Steve Pastor of NAI James E. Hanson and Gray Gilbert, Chris Haro and Jack Gilbert of NAI Partners represented the landlord, Kansas-based Watco, in the lease negotiations. The representative of the tenant was not disclosed.

May 25, 2022

Development Industrial Midwest Ohio

Stonemont, Pizzuti Underway on 1.1 MSF Spec Industrial Project in West Jefferson, Ohio

by Kristin Harlow May 25, 2022

WEST JEFFERSON, OHIO — Stonemont Financial Group and The Pizzuti Cos. are co-developing a 1.1 million-square-foot speculative industrial project in West Jefferson, about 18 miles west of Columbus. Stonemont will acquire the facility upon completion, which is scheduled for the end of this summer. Named West Jeff One, the Class A project sits directly off I-70. The development features 209 car parking spaces, 110 trailer parking spaces and a clear height of up to 40 feet. The project marks Atlanta-based Stonemont’s first in the Columbus area.

May 25, 2022

Development Industrial New Jersey Northeast

Lincoln Equities Breaks Ground on 332,640 SF Spec Industrial Project in Bayonne, New Jersey

by Taylor Williams May 25, 2022

BAYONNE, N.J. — Locally based developer Lincoln Equities Group has broken ground on Lincoln Logistics Bayonne, a 332,640-square-foot speculative industrial project in Northern New Jersey. The facility will be situated on a 24-acre tract within a 153-acre waterfront site at which an 886,256-square-foot UPS shipping hub is currently under construction. Lincoln Logistics Bayonne will feature five acres of parking space that can support 195 trailers and 225 cars, or 45 trailers and 800 cars. Cushman & Wakefield is marketing the project for lease. Construction is expected to be complete by the end of the year.

May 25, 2022

Acquisitions Development Industrial Massachusetts Northeast

DH Property Holdings to Develop 94,095 SF Industrial Facility in Malden, Massachusetts

by Taylor Williams May 25, 2022

MALDEN, MASS. — Manhattan-based DH Property Holdings will develop a 94,095-square-foot industrial facility in Malden, a northern suburb of Boston. DH Property will develop the facility, which will feature a clear height of 32 feet and parking for 197 vehicles, in a joint venture with Pugh Management. Brian Pinch, Tony Coskren, Ed Jarosz, Rick Schuhwerk, Matt Pullen, Samantha Hallowell and Jim Tribble of Newmark brokered the sale of the five-acre site on which the project will be built. Construction is scheduled to begin before the end of the month.

May 25, 2022

Acquisitions Industrial Maryland Southeast

MacKenzie Brokers $10.3M Sale of Warehouse, Land in Baltimore County

by John Nelson May 25, 2022

HALETHORPE, MD. — MacKenzie Commercial Real Estate Services has brokered the $10.3 million sale of a 103,640-square-foot warehouse in Baltimore County. The transaction includes a vacant, single-story property located at 1407 Parker Road in Halethorpe and an adjacent development site located at 1441 Knecht Ave. Built in 1960, the property features office space, 16- to 21-foot clear heights, five loading bays, interior dock positions and surface parking spaces. Ohio-based Pioneer Cladding & Glazing Systems Inc. purchased the property and land from Pitts Realty LP, which formerly operated David Edwards Furniture from the site. Daniel Hudak and Andrew Meeder of MacKenzie represented the seller in the transaction.

May 25, 2022

Development Industrial Texas

Stonelake Breaks Ground 619,740 SF Spec Industrial Project in Metro Austin

by Taylor Williams May 24, 2022

GEORGETOWN, TEXAS — Stonelake Capital Partners, a private equity firm with offices located in Texas and Atlanta, has broken ground on Georgetown Logistics Park, a 619,740-square-foot speculative industrial project that will be located on the northern outskirts of Austin. The development will consist of three buildings on a 48-acre site that is situated along the Interstate 35 corridor. The 426,240-square-foot cross-dock building will feature 40-foot clear heights and 82 trailer parking stalls. The 123,200-square-foot rear-load building will house 36-foot clear heights, and the 70,300 square-foot rear-load building will have 32-foot clear heights. Powers Brown Architecture is designing the project, and Zapalac Reed is serving as the general contractor. Pape Dawson is the civil engineer, and JLL is the leasing agent. Completion is slated for March 2023.

May 24, 2022

Development Industrial Texas

Axiom Space to Open 106,000 SF Headquarters Facility in Houston Spaceport

by Taylor Williams May 24, 2022

HOUSTON — Axiom Space, a developer of infrastructure for space exploration, will open a new, 106,000-square-foot headquarters facility at the Houston Spaceport, a center for aerospace research and development that is located on the city’s southwest side. Developer Griffin Partners recently broke ground on the campus, which will house offices, astronaut training areas, engineering development/testing labs and a high bay production facility to house Axiom’s space station modules. Project partners include Jacobs Engineering and general contractor Turner Construction Co. Axiom Space currently employs more than 400 people, the majority of which work at its current Houston facilities. The company has plans to grow the number to 600 by the end of the year and 1,000 by 2025.

May 24, 2022

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