Industrial

MDH Partners Purchases 808,505 SF Industrial Facility in Franklin, Indiana

by Kristin Harlow April 12, 2022

FRANKLIN, IND. — MDH Partners has purchased Franklin Tech Park, an 808,505-square-foot industrial facility in the Indianapolis suburb of Franklin. The purchase price was undisclosed. Constructed in 2009, the property sits on 42 acres at 500 Bartram Parkway. The facility is LEED Gold-certified and features a clear height of 32 feet, 78 exterior dock doors and over 100 trailer parking spaces. The transaction marks the first acquisition in Indiana for Atlanta-based MDH. Upon acquisition, MDH executed a lease with Atlanta-based, third-party logistics provider Broadrange Logistics. Houston Hawley of MDH served as the acquisition lead for the company. JR Wright and John Gosnell of Strategic Real Estate Partners brokered the sale.

April 12, 2022

Acquisitions Development Industrial Midwest Ohio

Brennan Acquires 34 Acres in Suburban Cincinnati, Plans 445,000 SF Spec Industrial Development

by Kristin Harlow April 12, 2022

FAIRFIELD, OHIO — Brennan Investment Group has acquired 34 acres at the intersection of Seward and Symmes roads in Fairfield, a northern suburb of Cincinnati. The firm plans to build two speculative industrial buildings totaling 445,000 square feet. One building will span 282,000 square feet, while the other will total 163,000 square feet. The site is near I-75, I-275 and the Cincinnati-Northern Kentucky International Airport. The seller and sales price were not released.

April 12, 2022

Acquisitions Illinois Industrial Midwest

Transwestern Arranges Sale of 131,000 SF Industrial Flex Building in Suburban Chicago

by Kristin Harlow April 12, 2022

BATAVIA, ILL. — Transwestern Real Estate Services has arranged the sale of the Campana Building in the Chicago suburb of Batavia for an undisclosed price. The 131,000-square-foot industrial flex building is located at 901 N. Batavia Ave. Michael Marconi and Paige Gunn of Transwestern represented the seller, Campana Redevelopment, and the buyer, Batavia Business Center LLC. The property was 65 percent leased at the time of sale. The new ownership has retained Transwestern to provide leasing and property management services.

April 12, 2022

Development Industrial Texas

Stream Realty, Westcore to Develop 301,120 SF Spec Industrial Project in Rockwall, Texas

by Taylor Williams April 11, 2022

ROCKWALL, TEXAS — Stream Realty Partners, in partnership with San Diego-based investment firm Westcore, will develop 1515 Corporate Crossing, a 301,120-square-foot speculative industrial project that will be situated on a 43.2-acre site in Rockwall, an eastern suburb of Dallas. Building features will include 32-foot clear heights, a divisible rear-load configuration, 68 dock doors, 309 car parking spaces and 62 trailer stalls, both of which can be expanded based on tenant needs. Completion is slated for the end of the year. Stream will also handle leasing of the facility.

April 11, 2022

Acquisitions Florida Industrial Southeast

Colliers Brokers $14.9M Sale of Two Industrial Buildings in Fort Lauderdale

by Julia Sanders April 11, 2022

FORT LAUDERDALE, FLA. — Colliers has brokered the $14.9 million sale of two industrial buildings in Fort Lauderdale. Mark Rubin, Bastian Laggerbauer, Jake Stauber, Steven Wasserman and Erin Byers of Colliers represented the seller, Apogee Investment Partners LLC, as well as the buyer, Elion Acquisitions LLC, in the transaction. The two buildings include a 60,000-square-foot repair facility that was renovated in 2019 and a 11,682-square-foot staging facility. The buildings are conjoined by a recently constructed covered walkway. The industrial buildings are currently occupied by CTS Engines, a turbine engine maintenance, repair and overhaul (MRO) company, with long-term leases in place. Located at 3000 & 3060 SW 2nd Ave. on 2.6 acres, the properties are adjacent to Fort Lauderdale-Hollywood International Airport and less than three miles from Port Everglades.

April 11, 2022

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 290-Unit Self-Storage Facility in Arlington

by Taylor Williams April 11, 2022

ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Alpha Storage Centers, a 290-unit self-storage facility in Arlington. The property spans 88,107 net rentable square feet. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a locally based private investor, in the transaction. An entity doing business as 10 Federal Self Storage purchased the asset for an undisclosed price.

April 11, 2022

Connecticut Industrial Loans Northeast Office

Red Oak Provides $10M Loan for Refinancing of Industrial, Office Property in Bloomfield, Connecticut

by Taylor Williams April 11, 2022

BLOOMFIELD, CONN. — Michigan-based lender Red Oak Capital Holdings has provided a $10 million loan for the refinancing of an industrial and office property located in the northern Hartford suburb of Bloomfield. South Campus at Gillette Ridge comprises a 435,853-square-foot office building, a 101,652-square-foot warehouse and a 40,688-square-foot flex building on a 50.8-acre site. Amenities include a fitness center, conference center, full-service kitchen and a cafeteria. The undisclosed sponsor plans to use a portion of the proceeds to fund capital improvements.

April 11, 2022

Acquisitions Industrial New York Northeast Self-Storage

Storage Post Acquires Self-Storage Facility in Staten Island

by Taylor Williams April 11, 2022

NEW YORK CITY — Storage Post, an Atlanta-based self-storage owner-operator, has acquired a newly built facility located at 600 Richmond Terrace on Staten Island. The number of units was not disclosed, but the property spans approximately 148,000 square feet of net rentable climate-controlled space. The seller and sales price were also not disclosed.

April 11, 2022

Industrial Market Reports Southeast Southeast Market Reports Tennessee

Nashville’s Robust Industrial Market is Growing Toward the South and East

by John Nelson April 11, 2022

After several years in the top 10, Nashville was named the No. 1 “market to watch” in overall commercial real estate prospects, according to Urban Land Institute and PwC’s 2022 Emerging Trends in Real Estate report. Nashville surpassed its supernova competitors (markets with a population between 1 million and 2 million people) such as Raleigh-Durham, Phoenix, Austin and Charlotte. The report credits Nashville’s robust and sustained job and population growth, above-average levels of economic diversity and investment/development opportunities. In short, Nashville’s economy fared relatively well during the pandemic-induced recession, and its industrial market never slowed down. Nashville has been a top location for relocating and expanding industrial-using companies, as its location is unmatched for distribution. Fifty percent of the nation’s population lives within 650 miles of Middle Tennessee, with 24 states falling within that radius. This translates to a one- or two-day truck delivery time to more than 75 percent of all U.S. markets. Additionally, it is one of only six U.S. cities with three major intersecting interstate highways. Nashville’s economy is extremely resilient due to its diversified economy. However, Nashville is not immune to national trends that have affected multiple industrial markets. The cost of construction continues to increase, …

April 11, 2022

Development Industrial Texas

Titan Development Breaks Ground on 297,057 SF Industrial Project in Metro Austin

by Taylor Williams April 8, 2022

GEORGETOWN, TEXAS — Titan Development has broken ground on Building 5 at NorthPark 35 Industrial Park, a project that will add 297,057 square feet of industrial space to the local supply. The building will serve as the new headquarters for the Greater Austin Merchant’s Cooperative Association, a trade organization for convenience stores and gas stations. Completion is slated for the fourth quarter. NorthPark35 is funded by Titan’s Development Real Estate Fund II, which focuses on industrial and multifamily projects in Texas, New Mexico, Colorado and California.

April 8, 2022

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