SCHERTZ, TEXAS — California-based retailer Restoration Hardware (RH) has signed a 62,000-square-foot industrial lease at Enterprise Industrial Park, a speculative development located in the San Antonio suburb of Schertz. The tenant will lease space at Building VI, which features 30-foot clear heights, trailer storage and office space. John Colglazier with Colglazier Properties represented the landlord, a joint venture between Atlanta-based Robinson Weeks and New Mexico-based Titan Development, in the lease negotiations. Kyle Mueller of JLL represented RH.
DETROIT — Dominion Real Estate Advisors has brokered the sale of a 42,000-square-foot industrial building in Detroit for an undisclosed price. The property is located at 12727 Greenfield Road. Rem Murray of Dominion represented the seller, 12727 Greenfield LLC. Detroit-based logistics company LD Transport purchased the building.
CARLSBAD, CALIF. — New York-based Link Logistics has completed the disposition of an R&D and manufacturing property located at 2285 Rutherford Road in Carlsbad. An undisclosed buyer acquired the asset for $25.7 million. Built in 1990 as part of Carlsbad Research Center, the two-story, 128,745-square-foot building features four dock-high loading doors, four grade-level doors and 342 parking spaces. At the time of sale, the property was vacant. Situated on 6.5 acres, the facility is adjacent to McClellan-Palomar Airport, which serves North County San Diego. Roger Carlson, Bill Dolan and Blake Wilson of CBRE represented the seller, while the buyer was represented by an outside firm.
WATERTOWN, MASS. — Locally based brokerage firm ABG Commercial has arranged the $21.5 million sale of a 145,000-square-foot industrial flex building located at 580 Pleasant St. in Watertown, a western suburb of Boston. Bernard Gibbons and Stephanie Deering of ABG Commercial represented the seller and occupant, Fluid Management Systems Inc., in the transaction. The duo also procured the buyer, a partnership between Griffith Properties and a fund controlled by New York-based DRA Advisors. The new ownership plans to convert the building into a life sciences facility that is slated to be complete in summer 2022.
NEWBURGH, N.Y. — Third-party logistics firm National Freight Inc. has signed a 60,143-square-foot industrial lease at Northeast Business Center, a 141-acre industrial park in Newburgh, about 70 miles north of Manhattan. Bob Scherrik of Cushman & Wakefield represented the tenant in the lease negotiations. Brian Sekel represented the landlord, National Realty & Development Corp., on an internal basis.
UPPER MARLBORO, MD. — Cabot Properties Inc. and MRP Industrial are co-developing a speculative 86,840-square-foot warehouse/industrial building in Upper Marlboro, a Washington, D.C., suburb in Maryland’s Prince George’s County. The site is located on an approximate seven-acre parcel within Collington Park, with delivery expected to occur in the fall. Late last year, Cabot Properties acquired the development site from MRP Industrial for an undisclosed price. The property will be a single-story concrete tilt-wall building with 32-foot clear heights, 23 dock and two drive-in doors, LED lighting, a 120-foot truck court to support the movement of large tractor trailers and segregated parking fields for employee and visitor parking for nearly 100 vehicles. The large, open-space floorplate is suitable for a range of light manufacturing, warehouse, logistics and last-mile operations and can accommodate both a single- and multi-tenant use. Located 20 miles from Washington, D.C., and 40 miles from the Port of Baltimore, Collington Park is situated close to Interstate 495 and MD Route 301 and has more than 4 million square feet of industrial/warehouse space, with a current vacancy rate under 3.7 percent. Target and Amazon combined occupy more than 1 million square feet within the park. Other tenants include FedEx, …
CHANDLER, ARIZ. — Orange County, Calif.-based Kanasardas Investment has purchased a Class A industrial property located at 3167 W. Armstrong Place in Chandler. An undisclosed seller sold the property for $10 million. Will Strong, Phil Haenel, Greer Oliver and Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group represented the seller in the deal. Built in 2010, the 62,415-square-foot property is fully leased on a long-time basis to a regional credit tenant, one of the nation’s largest integrated designers, manufacturers and installers of products for the commercial building envelope.
FORT WORTH, TEXAS — A joint venture between Canadian firm Hopewell Development LP and New York-based GTIS Partners LP has acquired land in the Alliance submarket of Fort Worth for the development of Champions Circle Business Park. The 361,000-square-foot industrial project will consist of three buildings that will offer proximity to Interstates 35 and 820. Construction is scheduled to begin in March and to be complete in the first quarter of next year. Nathan Denton and Reid Bassinger of Lee & Associates represented the development team in its acquisition of the land. Dustin Volz, Stephen Bailey and Wells Waller of JLL arranged the joint venture partnership between Hopewell and GTIS.
ARLINGTON, TEXAS — Locally based developer Jackson-Shaw has begun construction on Parc 20, a two-building, 154,127-square-foot industrial project in Arlington. Building 1 will span 96,931 square feet and Building 2 will total 57,196 square feet. Each building will feature flexible space designed to accommodate office, showroom, manufacturing, distribution, assembly and other uses. Ridgemont Commercial Construction is the general contractor for the project, with GSR Andrade as the architect. Stream Realty Partners is providing leasing services. Completion is scheduled for the third quarter.
CHANNAHON, ILL. — Venture One Real Estate’s Crossroads 55 Business Park in Channahon is now fully leased. CJ Logistics America recently took occupancy of a 1 million-square-foot facility located at 24101 S. Frontage Road, about 13 miles southwest of Joliet. Additionally, Venture One recently began development of a 1.3 million-square-foot build-to-suit for Scotts Miracle-Gro, which will be located at 24231 S. Exchange Blvd. Clayco is building the facility, which is slated for completion in the fourth quarter. The remaining 1.1 million square feet of Crossroads 55 is leased to an undisclosed e-commerce company. Lynn Reich and Suzanne Serino of Colliers International represented CJ Logistics while David Prell and Phililp Pelok of CBRE represented Scotts Miracle-Gro. Jim Estus and Brian Kling of Colliers represented ownership.