HOUSTON — Sealy & Co., an owner-operator with corporate offices in Dallas and Shreveport, La., has purchased Beltway 8 Business Center, a 353,559-square-foot industrial development in Houston. The seven-building property is located on the city’s southwest side near the intersection of Beltway 8 and State Highway 59. Trent Agnew of JLL represented the undisclosed seller in the transaction. Jason Gandy and Davis Gibbs represented Sealy & Co. on an internal basis.
PASADENA, TEXAS — Newmark has negotiated a 353,600-square-foot industrial lease at Bay Area Business Park in the eastern Houston suburb of Pasadena. Doug Nicholson of Newmark represented the tenant, Los Angeles-based logistics firm Custom Goods LLC, in the lease negotiations. Stream Realty Partners represented the landlord, Bay Bluff LP.
FRANKLIN PARK, ILL. — Principle Construction Corp. has broken ground on a 100,463-square-foot speculative industrial building at 3500 Wolf Road in Franklin Park, a western suburb of Chicago. IDI Logistics is developing the project, which will feature a clear height of up to 32 feet, 24 docks, two drive-in doors and a 130-foot truck court. The nearly seven-acre site features convenient access to I-294. Harris Architects provided design services for the project. A timeline for completion was not provided.
BELLEVILLE, MICH. — Cox Automotive Mobility Solutions has signed a 75,751-square-foot industrial lease at 39635 S. I-94 Service Drive in Belleville, a western suburb of Detroit. The tenant will use the 20-acre property to develop and launch its new global electric vehicle battery service network. Jim Chaconas and Jim Roberts of Colliers International Detroit represented the landlord, Service Drive Investments LLC.
ADDISON, ILL. — ML Realty Partners has acquired a fully leased industrial building located at 2105 Corporate Drive in Addison, about 20 miles west of Chicago. The purchase price was undisclosed. Occupied by Huskie Tools LLC and Shape LLC, the 65,003-square-foot building is located near I-355. Huskie Tools provides hydraulic cutting and compression tools for utility linemen and professional electrical contractors. Shape is a global provider of custom transformers, magnetic assemblies and voltage regulators. Steve Disse, Jeff Devine and Tyler Ziebel of Colliers International brokered the transaction.
LA MIRADA, CALIF. — Brookfield Properties has purchased an industrial property located at 14555 Alondra Blvd. in La Mirada. Interstate 5 Firestone sold the asset for an undisclosed price. Originally built in 1969 and completed in 2016, the 255,000-square-foot property features more than 11,000 square feet of office space, substantial storage facilities, 22-foot clear heights, a concrete-fenced yard and oversized truck doors. The property also features an on-site truck washdown and a full-service mechanics building. Chuck Wilson of Colliers represented the seller and buyer, which acquired the property as a leased investment, in the transaction.
HARRISBURG, PA. — Dallas-based investment firm Rosewood Property Co. has acquired a 342-unit self-storage facility at 5700 Linglestown Road in Harrisburg. The property, which spans 35,430 net rentable square feet of primarily climate-controlled space, was converted from a warehouse into a self-storage facility in 2019. The seller and sales price were not disclosed.
NEW YORK CITY — ARRI Rental, a camera, lens and grip equipment rental service company, has signed a 42,000-square-foot industrial lease for its new headquarters space in the Long Island City area of Queens. The three-story property at 47-27 36th St. was built in 2004. Joseph Grotto, Joseph Meyerson and Michael Deutsch of Cushman & Wakefield represented the landlord, JDA Realty Corp., in the lease negotiations. Justin Butts of DY Realty represented the tenant, which expects to open its new facility in the first quarter of next year.
WINTER HAVEN, FLA. — Tampa-based Coca-Cola Beverages Florida LLC (Coke Florida) has purchased a 407,000-square-foot warehouse within Central Intermodal Logistics Center, an industrial park in Winter Haven. The sales price was $19.6 million, according to the Tampa Bay Business Journal. The seller was not disclosed. The purchase includes 37 acres of land. Coke Florida’s new warehouse is still under construction. The more than $30 million buildout of the new location is expected to conclude in the spring of 2022. The location is home to more than 200 associates, and the company expects to add over 100 additional jobs in the next 12 months. Coke Florida offers jobs in sales, merchandising, warehousing and distribution, and the company currently has openings for drivers, warehouse associates and sales merchandisers.
HOUSTON — NAI Partners has brokered the sale of Sunny’s Self Storage, a 622-unit facility located at 1555 W. Grand Parkway N. in West Houston. The facility sits on a 2.5-acre site and spans 93,455 net rentable square feet. Ryan DeGennaro of NAI Partners represented the seller, Hetsun Partners, in the transaction. DeGennaro also assisted the buyer, an undisclosed regional investment firm, in closing the deal.
