HOUSTON — Marcus & Millichap has brokered the sale of a 454-unit self-storage portfolio in Houston. The portfolio, which is operated under the Bargain Storage brand, consists of two properties totaling 69,757 net rentable square feet of non-climate-controlled space. The portfolio also includes 68 portable units that were delivered in 2019. Dave Knobler and Charles LeClaire of Marcus & Millichap represented the seller, an Oregon-based limited liability company, in the transaction. New York-based Merit Hill Capital purchased the portfolio for an undisclosed price.
PLAIN CITY, OHIO — Monmouth Real Estate Investment Corp. has acquired a 487,900-square-foot industrial facility located at 8341 Industrial Parkway in Plain City, located about 25 miles northwest of Columbus. The purchase price was $73.3 million. FedEx Ground Packaging System Inc. occupies the building on a 15-year net lease. The 100-acre property is situated near I-270. The seller was undisclosed.
COPPELL, TEXAS — Indianapolis-based Duke Realty has secured an industrial lease expansion and extension totaling 178,984 square feet at its Freeport II facility in Coppell, located near DFW International Airport. The lease agreement with Premier LogiTech LLC, which provides logistics solutions for the technology sector, includes an expansion of 110,157 square feet of space plus an extension of the current lease for 68,827 square feet in the same building. Bill de la Chapelle with Rubicon Representation LLC represented Premier LogiTech in the transaction. Matt Hyman handled the negotiations for Duke Realty on an internal basis.
ELGIN, ILL. — Entre Commercial Realty has negotiated a 137,522-square-foot industrial lease on behalf of an undisclosed plastics company at Northwest Pointe III in Elgin. The newly constructed building is situated within Northwest Corporate Park and features a customized office buildout. Dan Benassi of Entre represented the tenant. Ken Franzese and John Cassidy of Lee & Associates represented ownership, Conor Commercial Real Estate and Globe Corp. McShane Construction Co. built the building.
CICERO, ILL. — Mag Mile Capital has arranged a $7 million loan for the refinancing of a 997-unit self-storage facility in Cicero, a southwest suburb of Chicago. Located at 1331 S. 55th Court, the property spans 87,000 square feet. The family-owned property was recently rebranded as an Extra Space facility and will undergo improvements such as a new parking area. Prabhat Jayara and Heather Madsen of Mag Mile arranged the 36-month loan on behalf of the borrower, JD3 Property. The lender was undisclosed.
PEARLAND, TEXAS — NAI Partners has arranged the sale of a 105,664-square-foot industrial and manufacturing campus located in the southern Houston suburb of Pearland. The property spans three buildings on 32.7 acres. Clay Pritchett and Zane Carman of NAI Partners represented the seller, 14800 Jersey Shore Drive LLC, in the transaction. Matt Rogers of Oxford Partners represented the buyer, BHVA Real Estate Holdings LLC.
YORK, PA. — A partnership between an affiliate of Endurance Real Estate Group and Thackeray Partners has sold a 174,572-square-foot industrial building located at 2075 Loucks Road in York. The sales price was $11.3 million. Built in 1980, expanded in 1986 and renovated in 1996, the building features 18- to 30-foot clear heights and proximity to Interstates 76 and 81. John Plower, Ryan Cottone and Zach Maguire of JLL represented the seller and procured the undisclosed buyer. The property was 100 percent leased to York Wallcoverings at the time of sale.
MESQUITE, TEXAS — Stream Realty Partners has negotiated a 203,040-square-foot industrial lease at Building 1 at Urban District 30, a roughly 1 million-square-foot industrial development located in the eastern Dallas suburb of Mesquite. Matt Dornak and Drew Feagin of Stream Realty Partners represented the landlord, Urban Logistics Realty, in the lease negotiations. Blake Kendrick and Seth Koschak, also with Stream Realty Partners, represented the tenant, online retailer 1000bulbs.com.
HOUSTON — PSS Industrial Group, a locally based supplier of equipment for the energy sector, has signed a 200,824-square-foot lease at Ella Logistics Center in north Houston for its new headquarters and distribution space. Jeff Venghaus and Richard Quarles of JLL negotiated the lease on behalf of PSS Industrial Group. Laura Denkler and Palmer Letzerich represented the landlord, Hines, on an internal basis.
CONROE, TEXAS — General contractor Cadence McShane has completed a 145,222-square-foot warehouse project in Conroe, about 40 miles north of Houston. The project is a build-to-suit for Illinois-based Buske Logistics. Designed by Powers Brown Architecture, the 18-acre property features a rear-load configuration, 39-foot clear heights, 133 car parking spaces and 2,500 square feet of office space.