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Industrial

Goodman-Industrial-Center-Carlstadt-II
DevelopmentIndustrialNew JerseyNortheast

Goodman Completes 100,000 SF Industrial Project in Carlstadt, New Jersey

by Taylor Williams

CARLSTADT, N.J. — California-based developer Goodman North America has completed a 100,000-square-foot industrial project in the Northern New Jersey community of Carlstadt that is known as Goodman Industrial Center Carlstadt II. The site at 333 Washington Ave. is located within six miles of the Ports of New York and New Jersey, and the building features a clear height of 40 feet, 130-foot truck court depths and 13 dock doors. Goodman is also pursuing LEED Silver certification status for the facility. Cushman & Wakefield is marketing the property for lease.

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IndustrialLeasing ActivityNew YorkNortheast

Anthony Lawrence-Belfair Signs 25,214 SF Industrial Lease in The Bronx

by Taylor Williams

NEW YORK CITY — Anthony Lawrence-Belfair has signed a 25,214-square-foot industrial lease in The Bronx. The furniture maker and distributor is relocating from the Long Island City area of Queens to the ground floor of the warehouse at 1200 Zerega Ave., with plans to open a new studio and showroom. Helen Paul of Cushman & Wakefield and Joseph Caputo of Exit Realty Premier represented the tenant in the lease negotiations. Mat Diana of DY Realty represented the landlord, Simone Development Co.

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1670-Champagne-Ave-Ontario-CA
AcquisitionsCaliforniaIndustrialWestern

Cabot Properties Buys Four-Property Inland Empire Industrial Portfolio for $202.1M

by Amy Works

ONTARIO, FONTANA AND SAN BERNARDINO, CALIF. — Cabot Properties has purchased a four-property, 669,057-square-foot industrial portfolio in Inland Empire from a private institutional seller for $202.1 million. The portfolio includes a 263,670-square-foot building at 1670 Champagne Ave. and a 147,484-square-foot facility at 1651 S. Carlos Ave. in Ontario; a 103,343-square-foot building at 10917 Cherry Ave. in Fontana; and a 154,560-square-foot building at 750 S. Valley View Ave. in San Bernardino. Institutionally managed, each building is fully occupied on a triple-net lease with a remaining weighted average lease term (WALT) of 3.6 years with mostly investment-grade tenants. Michael Kendall, Gian Bruno, Kenny Patricia, Kylie Jones, Thomas Taylor, Steve Bellitti and Joey Jones of Colliers represented the buyer and seller in the transaction.

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IllinoisIndustrialLeasing ActivityMidwest

Entre Commercial Realty Negotiates Lease for 22,400 SF Logistics Facility in Metro Chicago

by Kristin Harlow

STREAMWOOD, ILL. — Entre Commercial Realty has negotiated the lease-up of a 22,400-square-foot logistics facility located at 30 Sangra Court in the Chicago suburb of Streamwood. Mike DeSerto and Cory Kay of Entre represented the undisclosed landlord, while @Properties represented the tenant, a local transportation company that will relocate its headquarters to the property. Built in 2019, the facility was designed specifically for transportation and fleet maintenance uses. The building features 10 docks, two drive-in doors, trench drains, air lines, ample trailer parking and exposure along US Highway 20.

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AcquisitionsArizonaIndustrialWestern

Dalfen Industrial Acquires 109,699 SF Facility Near Phoenix Airport

by Amy Works

PHOENIX — Dalfen Industrial has purchased a freestanding building at 3405 S. 5th St. in Phoenix’s Sky Harbor International Airport submarket for an undisclosed price. The 109,699-square-foot building is fully leased to a single tenant that has been on the property for two decades. The facility features 25-foot clear heights, 11 dock doors and 10 grade-level doors. The building has undergone renovations since being built in 1981. Will Strong, Michael Matchett and Molly Hunt of Cushman & Wakefield’s National Industrial Advisory Group – Mountain West represented the undisclosed seller in the deal. Andy Markham, Mike Haenel, Phil Haenel and Foster Bundy of Cushman & Wakefield represented the landlord in negotiating a lease extension with the tenant.

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1201-Big-Town-Blvd.-Dallas
IndustrialLoansTexas

JLL Arranges Refinancing of 508,500 SF Industrial Building in East Dallas

by Taylor Williams

DALLAS — JLL has arranged a loan of an undisclosed amount for the refinancing of a 508,500-square-foot industrial building in East Dallas. Developed by Hillwood in 2007, the rail-served facility at 1201 Big Town Blvd. features 32-foot clear heights, 79 dock doors and three drive-in doors. Trey Morsbach, Jarrod McCabe, Ryan Pollack and Chad Lisbeth of JLL arranged the five-year, fixed-rate loan through PPM America. The borrower was not disclosed.  The building was 88 percent leased to two unnamed tenants at the time of the loan closing.

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11-Aspen-Drive-Randolph
IndustrialLoansNew JerseyNortheast

Aegon Asset Management Provides $7M Permanent Loan for Northern New Jersey Warehouse

by Taylor Williams

RANDOLPH, N.J. — Global investment and life insurance company Aegon Asset Management has provided a $7 million permanent loan for a 40,586-square-foot warehouse in the Northern New Jersey community of Randolph. The building at 11 Aspen Drive was completed in 2023, features a clear height of 36 feet and was fully leased at the time of the loan closing to two tenants: Red Bull and Dominion Solutions. Greg Nalbandian and Ben Morgenthal of JLL arranged the 11-year, fixed-rate loan on behalf of the borrower, a partnership between North Jersey Development Group and Commercial Realty Group.

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AcquisitionsIndustrialSouth CarolinaSoutheast

JLL Arranges Sale of New 1.1 MSF Industrial Building Near Charleston

by John Nelson

RIDGEVILLE, S.C. — JLL has arranged the sale of Building D within Camp Hall Commerce Center, a 6,800-acre industrial park in the Charleston industrial market. The 1.1 million-square-foot facility is located at 2274 Volvo Car Drive in Ridgeville and was fully leased to an unnamed global car manufacturer at the time of sale. Completed in 2023, the cross-dock building features 40-foot clear heights, 208 dock-high doors, four drive-in doors, 84 dock levelers, 847 auto parking spaces and 804 trailer storage spaces. Rockpoint, a Boston-based real estate private equity firm, and Portman Industrial sold the property to Stockbridge for an undisclosed price. JLL represented the sellers in the transaction.

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11-Malcolm-Hoyt-Drive-Newburyport-Massachusetts
AcquisitionsIndustrialMassachusettsNortheast

Marcus & Millichap Brokers $4.2M Sale of Industrial Building in Newburyport, Massachusetts

by Taylor Williams

NEWBURYPORT, MASS. — Marcus & Millichap has brokered the $4.2 million sale of a 38,500-square-foot industrial building in Newburyport, a northern suburb of Boston. The building at 11 Malcolm Hoyt Drive was originally constructed in 1986 and later expanded and was fully leased to Journeyman Press at the time of sale. Harrison Klein, Mattias Edenkrans and Luigi Lessa of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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11331-Dillon-Rd-Broomfield-CO
AcquisitionsColoradoIndustrialWestern

Tepuy Properties Buys Glass Recycling Facility in Broomfield, Colorado for $4.7M

by Amy Works

BROOMFIELD, COLO. — Tepuy Properties has acquired an industrial facility located at 11331 Dillon Road in Broomfield for $4.7 million. Jaime Pletcher of Gibbons White represented the buyer, while Matthew Trone of Cushman & Wakefield represented the undisclosed seller in the deal. Glass to Glass Denver, a subsidiary of Owens-Illinois, occupies the 27,116-square-foot glass recycling facility. The tenant specializes in transforming post-consumer glass into high-quality, reusable glass for manufacturers. The company processes a variety of glass materials, including bottles, jars and containers, for reuse in manufacturing new glass products. Built in 1973, the facility is located off Highway 287 and E-470, providing direct access to Denver International Airport.

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