BRIDGEVIEW, ILL. — Realterm, an independent global investment manager focused on the transportation industry, has acquired 9655 Industrial Drive, an industrial outdoor storage maintenance facility in Bridgeview, a southwest suburb of Chicago. Located on a nearly 4-acre site, the 28,985-square-foot maintenance facility offers 10 oversized drive-in doors and a 6,000-square-foot office. The entire maintenance facility is leased to Carrier Corp., a subsidiary of the global HVAC and refrigeration solution provider. Matt Knafel of KWILL Real Estate represented Realterm in the sale.
WEST BERLIN, N.J. — Doors & Spaces, an industrial investment firm focused on small-bay product, has acquired a 16,550-square-foot, shallow-bay facility in West Berlin, about 20 miles southeast of Philadelphia. According to LoopNet Inc., the five-unit facility at 432 Kelley Drive was built in 1986 and renovated in 1998. Brian Whitmer led the transaction for Doors & Spaces. The seller and sales price were not disclosed.
DALLAS — Locally based investment firm CanTex Capital has sold its majority interest in a portfolio of 20 shallow-bay industrial properties totaling approximately 1.3 million square feet in Dallas-Fort Worth. The percentage and sales price were not disclosed. Spanning 61 acres, the portfolio comprises buildings in submarkets such as South Stemmons, Northwest Dallas and DFW Airport. Buildings feature 16- to 30-foot clear heights and a mix of dock-high and drive-in loading doors. The buyer was a partnership between Partners Group and a global investor based in New York.
IRVING, TEXAS — Colliers has brokered the sale of a 69,363-square-foot industrial building in Irving. The site at 7815 Jetstar Drive houses Building 1 within TriStar Business Park, a master-planned development. Greg Cannon of Colliers represented the seller, Hopewell Development, in the transaction. Chris Teesdale and Pride Snow, also with Colliers, represented the owner, GEO Plastics, which expects to occupy the building and add about 50 new jobs to the local economy.
EDISON, N.J. — NAI DiLeo-Bram has brokered the $18.2 million sale of a 50,400-square-foot industrial building in the Central New Jersey community of Edison. The building at 80 Executive Ave. was completed in 2020 and features a clear height of 32 feet, five dock doors, (expandable to eight), one drive-in door and 3,000 square feet of office space, as well as parking for 25 cars and six trailers. Robert J. DiLeo, Kyle Gerace, Robert V. DiLeo and Chris Chiusolo of NAI DiLeo-Bram brokered the deal. The buyer and seller were both limited liability companies.
PHOENIX — Gantry has secured a $22 million permanent loan to refinance maturing debt on a single-tenant industrial building located at 6600 W. Latham St. in Phoenix. Situated on 23.3 acres, the 437,000-square-foot property is currently used as both a showroom and warehouse facility for Living Spaces. Tim Storey and Chad Metzger of Gantry’s Phoenix production office represented the borrower, a private real estate investor. The five-year, fixed-rate loan was provided by a life company lender from Gantry’s exclusive network of correspondents and affiliates, featuring a full-term interest-only payment schedule.
DENVER — Brennan Investment Group has purchased an industrial building located at 4881 Ironton St. in Denver. Terms of the transaction were not released. Situated on 3.3 acres within Montbello Industrial Park, the 64,020-square-foot building features a clear height of 21 feet, significant power capacity, multiple dock-high doors, drive-in access and excess outdoor storage. Brennan plans to reposition the vacant asset through targeted capital improvements and lease-up efforts, with the flexibility to accommodate a single-tenant or multi-tenant configuration. The company intends to execute a five-year business plan focused on leasing and stabilization of the property.
RICHARDSON, TEXAS — Local brokerage firm Highland Properties has negotiated a 12,162-square-foot industrial lease in the northeastern Dallas suburb of Richardson. The tenant is ZC Distribution, and the space is located at 1461 Exchange Drive. Scott Voelkel and Cullen Dickey of Highland Properties represented the tenant in the lease negotiations. Dan Lawson of Proterra Properties represented the landlord, a Dallas-based partnership.
MANALAPAN, N.J. — Mapletree, a development and investment firm based in Singapore, will build a 952,720-square-foot industrial project in Manalapan, located east of Trenton in Central New Jersey. The 96.8-acre site at 370 Smithburg Road is located near Exit 8 off the New Jersey Turnpike, and the development will consist of two buildings that will total 300,220 and 652,500 square feet. Building features will include clear heights of 40 feet, 172 dock doors and parking for 366 cars and 141 trailers. Construction is expected to begin in the coming months and to be complete in early 2028.
LEBANON, TENN. — Indus Realty Trust, an industrial owner-operator based in New York, is underway on construction of INDUS Commerce Center @ 840, a 2.1 million-square-foot industrial park that will be located on the eastern outskirts of Nashville in Lebanon. The site spans 189 acres near the I-840 and Couchville Pike interchange. The development will consist of four buildings that can accommodate tenants with requirements from 250,000 to 1 million square feet. Vertical construction of the first, 507,000-square-foot building is now underway. This structure will be known as Building 2 and will feature a clear height of 40 feet, 120 dock-high doors, four drive-in doors, parking for 216 cars and 175 trailers, ESFR sprinklers and high-efficiency LED lighting. Completion is slated for the first quarter of 2027. Building 1 within INDUS Commerce Center @ 840 spans 537,000 square feet and is pad-ready. That structure also features a clear height of 40 feet, as well as 110 dock-high doors, four drive-in doors and parking for 196 cars and 120 trailers. Buildings 3 and 4 are also pad-ready and will total 496,674 and 610,480 square feet, respectively. In addition, according to the property’s marketing brochure, Buildings 3 and 4 can be combined …