Industrial

Portman Industrial Breaks Ground on 1.1 MSF Facility in Ridgeville, South Carolina

by John Nelson October 5, 2022

RIDGEVILLE, S.C. — Portman Industrial has broken ground on Phase II of Campus 4 within Camp Hall Commerce Park in Ridgeville, a suburb of Charleston. The second phase comprises a 1.1 million-square-foot industrial facility situated on 110.6 acres near the Port of Charleston and adjacent to Volvo Cars’ manufacturing plant. The cross-dock facility will feature tilt-up concrete walls, a structural steel frame, TPO roof, 40-foot clear heights, 215 dock doors, four drive-in doors, 759 car spaces and 851 trailer spaces. The design-build team includes general contractor Frampton Construction, architect McMillan Pazdan Smith and civil engineer Thomas & Hutton. Lee Allen and Kevin Ross of JLL’s Charleston office are handling leasing for the project. Phase II is set for a summer 2023 delivery. Phase I, which comprises three buildings spanning 940,000 square feet, is currently under construction and is more than 60 percent preleased.

October 5, 2022

Acquisitions Industrial Maine Northeast Self-Storage

Marcus & Millichap Brokers Sale of 157-Unit Self-Storage Facility in Richmond, Maine

by Taylor Williams October 5, 2022

RICHMOND, MAINE — Marcus & Millichap has brokered the sale of Mid-Maine Storage, a 157-unit self-storage facility located on the southern outskirts of Augusta. The property comprises 154 non-climate-controlled units and three garage units for a total of 17,410 net rentable square feet. Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Jim Koury of Marcus & Millichap assisted in closing the deal as the broker of record.

October 5, 2022

Industrial Loans Northeast Pennsylvania

G.S. Wilcox Arranges $17M in Financing for Lehigh Valley Industrial Project

by Taylor Williams October 5, 2022

EAST STROUDSBURG, PA. — G.S. Wilcox & Co. has arranged $17 million in construction-to-permanent financing for a 130,435-square-foot industrial project in the Lehigh Valley community of East Stroudsburg. Wesley Wilcox and Al Raymond of G.S. Wilcox arranged the loan through a local bank on behalf of the undisclosed borrower. Further details about the project were also not disclosed.

October 5, 2022

California Development Industrial Western

USAA, McDonald Property Group Break Ground on 1.8 MSF Distribution Facility in Beaumont, California

by Amy Works October 4, 2022

BEAUMONT, CALIF. — USAA Real Estate and McDonald Property Group has broken ground on a 1.8 million-square-foot distribution center in Beaumont for United Legwear & Apparel Co. (ULAC). Located at Phase II of the Crossroads Logistics Center, the building will be used to accommodate ULAC’s global design/manufacturing, marketing, sales and distribution. The facility will contain assembly, racking and material handling conveyor automation systems, as well as 30,000 square feet of office space. The development team includes HPA Architecture and Fullmer Construction Co. Luke McDaniel, Cameron Driscoll, Jeff Bellitti and Mac Hewett of JLL represented ULAC. David Consani, Jim Koenig, Darla Longo and Barbara Emmons of CBRE, along with Rick John of Daum, represented McDonald Property Group and USAA in the lease transaction, which was signed in July 2022.

October 4, 2022

Colorado Development Industrial Loans Western

JLL Secures $12.5M in Construction Financing for Boyd Lake Commerce Center in Loveland, Colorado

by Amy Works October 4, 2022

LOVELAND, COLO. — JLL Capital Markets has arranged $12.5 million in construction financing for the development of Boyd Lake Commerce Center Phase I, a Class A outdoor storage project situated on 95 acres in Loveland. The borrower is BLCC One, an affiliate of co-developers Saunders Commercial Development Co. and Winslow Investments. Leon McBroom led the JLL Capital Markets team in arranging the three-year, non-recourse, floating-rate loan through a regional bank. Once completed, the 100,000-square-foot building will offer 28-foot clear heights, 28 loading docks, 188 parking spaces, ESFR sprinkler systems, glass storefront and LED lighting. Additionally, the property will include four acres of outdoor yard space. Boyd Lake Commerce Center is a master-planned development that is expected to include five additional industrial buildings, one office building and one flex project with numerous build-to-unit opportunities throughout.

October 4, 2022

Acquisitions Data Centers Florida Leasing Activity Southeast

JLL Arranges $34M Sale-Leaseback of South Florida Data Center

by John Nelson October 4, 2022

DORAL, FLA. — JLL has arranged the $34 million sale-leaseback of a 103,000-square-foot data center located at 2100 N.W. 84th Ave. in Doral, a suburb of Miami. Carl Beardsley, Jake Wagner, Josh Katlin, Luis Castillo and Manny de Zárraga of JLL represented the undisclosed seller, which will lease a portion of the space. The unnamed buyer will occupy the remaining space. Situated within America’s Gateway business park in Miami’s Airport industrial submarket, the freestanding facility features several fiber providers, a covered loading dock and 4,092 square feet of mezzanine space. The seller recently invested “significant capital” to update the property, according to JLL.

October 4, 2022

Development Illinois Industrial Leasing Activity Midwest

DSV Air & Sea Preleases 307,378 SF Industrial Building in Bensenville, Illinois

by Kristin Harlow October 4, 2022

BENSENVILLE, ILL. — DSV Air & Sea Inc. has preleased a 307,378-square-foot industrial building in the Chicago suburb of Bensenville. The property at 1401 Devon Ave. is slated for completion in spring 2023. ML Realty Partners owns the development along with an adjacent 297,238-square-foot building that was leased by Apex Logistics International Inc. last winter. Both buildings feature a clear height of 40 feet and are situated in DuPage County. The site is less than one-half mile north of Illinois Route 390. Kevin Segerson of CBRE represented DSV Air & Sea in the lease. Andrew Maletich, Matt Garland and Dustin Albers of Cawley Chicago represented ML Realty Partners.

October 4, 2022

Development Industrial Midwest Ohio

Adena Corp. Completes 160,000 SF Spec Industrial Facility in Mansfield, Ohio

by Kristin Harlow October 4, 2022

MANSFIELD, OHIO — Adena Corp. has completed a 160,000-square-foot speculative industrial facility in Mansfield, a city about midway between Columbus and Cleveland. Located at the intersection of Bowman Street and Cairns Road, the project features a clear height of 32 feet, 17 docks, eight drive-in doors, a 36-space concrete parking lot and 1,400 square feet of office space. The property is situated adjacent to Mansfield Lahm Regional Airport. Weston Devore of CBRE is handling the marketing and leasing.

October 4, 2022

Industrial Leasing Activity Texas

ITS Logistics Signs 1 MSF Industrial Lease at Intermodal Logistics Center in Fort Worth

by Taylor Williams October 4, 2022

FORT WORTH, TEXAS — ITS Logistics, a Nevada-based third-party provider, has signed a 1 million-square-foot industrial lease at Intermodal Logistics Center, a project in Fort Worth by Northpoint Development. Intermodal Logistics Center is a seven-building development located on the city’s north side. Construction began in August and is expected to be complete in July 2023. ITS Logistics’ new space will feature 40-foot clear heights, 200-plus dock doors and parking for 211 trailers. Brad Struck, Clint Manning, Darren Woodson and John Bollman of Cresa represented the tenant in the lease negotiations.

October 4, 2022

Development Industrial Self-Storage Texas

Spartan Investment Group Underway on 314-Unit Self-Storage Expansion Project in Tyler, Texas

by Taylor Williams October 4, 2022

TYLER, TEXAS — Colorado-based investment firm Spartan Investment Group is underway on construction of a 314-unit expansion project at FreeUp Storage, a self-storage facility located about 100 miles east of Dallas in Tyler. The facility currently spans 77,342 net rentable square feet across 517 units, and the expansion will increase the size of the property by 26,700 net rentable square feet. The new building will feature climate-controlled and boat/RV storage space. Spartan Investment Group plans to begin leasing the new units later this month.

October 4, 2022

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