DENVER — Malman Real Estate has arranged the sale of 775 S. Jason Street, an industrial condominium in Denver. The Learned Co. acquired the property from 775 S Jason Street LLC for $1.2 million. Shane Robson of Malman Real Estate represented the seller, while Jarod Pale of DePaul Real Estate Advisors represented the buyer in the deal.
ELK GROVE VILLAGE, ILL. — Brennan Investment Group has recapitalized the Regent O’Hare industrial portfolio in Elk Grove Village. The portfolio is positioned in the heart of the O’Hare submarket, located along the Busse industrial corridor and three miles from Chicago O’Hare International Airport. The portfolio consists of five multi-tenant Class B buildings with an occupancy of 92 percent. Brennan will continue to operate the portfolio, as it has done since its original acquisition in October 2020. Brennan’s Midwest portfolio totals 30 million square feet of industrial space.
Despite fresh injections of geopolitical chaos and renewed fears of tariff-induced inflation, the new year has brought an elevated sense of positivity among Texas industrial investors and the brokers who represent them. Although the sector is hardly flying as high as it was three years ago, the strong underlying fundamentals of Texas markets represent a story that has yet to see an unhappy ending. In addition, there is an understanding that with all setbacks and disruptions comes new opportunities. Between that highly specific Texas real estate dynamic and that generic fortune cookie wisdom is the framework for industrial growth on both the supply and demand sides. “We are huge believers in the Texas growth story and have conviction that the existing tailwinds will continue to propel our markets here to the forefront of the industrial investment landscape,” says Will Cronin, vice president of acquisitions at Dallas-based investment firm CanTex Capital. “The capital flows continuing to come here bear that out.” Cronin’s perspective on industrial is both nuanced and appropriate. He says that since its inception, CanTex has primarily pursued off-market deals that were available not because of outstanding market fundamentals, but due to external factors like estate planning, changing tenant …
FREDERICKSBURG, VA. — Cushman & Wakefield | Thalhimer has arranged the sale of a four-property industrial portfolio within Four Mile Fork Industrial Park in Fredericksburg, a city in Virginia’s Spotsylvania County. Virgil Nelson of Cushman & Wakefield | Thalhimer represented the seller, an entity doing business as Longwood Holdings LLC, in the transaction. The buyer, an entity doing business as Longwood Owner LLC, purchased the portfolio for $38 million. Situated on 35.7 acres at U.S. Route 1 and Courthouse Road, the 221,189-square-foot portfolio comprises Longwood 1 at 230 Industrial Drive, Longwood 2 at 11001 Houser Drive, Longwood 3 at 10934 Houser Drive and Longwood 5 at 11200 Houser Drive. The portfolio was fully leased at the time of sale to tenants including Flowers Bakery, Midsouth Building Supply, F.H.Furr, Capital Electric, Lennox and Blossman Gas.
CARSON, CALIF. — NAI Capital Commercial has negotiated the purchase of a single-tenant industrial facility at 1055 Sandhill Ave. in Carson. Rexford Industrial sold the asset to Carson Warehouse Corp. for $52.4 million, or $410 per square foot. Ryan Campbell of NAI Capital Commercial represented the buyer, while Frank Schulz and David Prior of The Klabin Company represented the seller in the deal. Built in 2024, the 127,775-square-foot move-in ready building features 19 dock-high doors, 10 hydraulic pit levelers, a clear height of 32 feet, LEED Gold certification and 6,998 square feet of high-end, two-story office space. Additionally, the property offers ESFR sprinklers, heavy power and a 130-foot concrete truck court. The buyer plans to convert a significant portion of the facility into cold storage, including freezers and coolers to support its food distribution operations.
CLOVIS, N.M. — Marcus & Millichap has arranged the sale of a two-property self-storage facility portfolio in Clovis. Terms of the transaction were not disclosed. The portfolio includes two facilities at 3400 W. 7th St. and 5126 N. Prince St. In total, the portfolio offers 262 non-climate-controlled units, 29 fully enclosed RV and boat units and one office. Situated on 3.2 acres, the portfolio totals 53,880 net rentable square feet. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller and procured the buyer in the deal.
VISTA, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $4.3 million for the refinancing of an industrial building located at 2270 La Mirada Drive in Vista. Kevin Elliott of MMCC secured the financing with a local credit union for the undisclosed borrower. Terms of the 10-year loan include a 6.3 percent interest rate with a 30-year amortization period and a 60 percent loan-to-value. Beacon Building Products, a distributor of roofing, waterproofing and related exterior products in the United States and Canada, occupies the 4,800-square-foot facility.
EAST DUNDEE, ILL. — Powerhouse Sales, a distributor of detergents, single-dose pods and other household cleaning products, has leased a 10,000-square-foot industrial unit for its new headquarters at 175 Prairie Lake Road in East Dundee, a northwest suburb of Chicago. The facility is now fully leased. Powerhouse’s space features one dock, one drive-in door and a high-end office build-out. Elisabeth Lazzara, Mike DeSerto and Cory Kay of Entre Commercial Realty brokered the lease.
HOUSTON — Wenaas Workwear USA has signed a 45,000-square-foot industrial lease in southwest Houston. The provider of specialized apparel products and personal protective equipment (PPE) is taking space at 10401 S. Sam Houston Parkway West, which according to LoopNet Inc. was built in 2014 and totals 90,000 square feet. Garret Geaccone and Boone Smith of Stream Realty Partners represented the landlord, STAG Industrial, in the lease negotiations. Cole Bercher of Welcome Group represented the tenant.
Cushman & Wakefield Brokers Sale of Two Industrial Properties Totaling 1.1 MSF in Central New Jersey
MONROE TOWNSHIP, N.J. — Cushman & Wakefield has brokered the sale of two industrial properties totaling approximately 1.1 million square feet in Monroe Township, located just outside of Trenton in Central New Jersey. The property at 201 Middlesex Center Blvd. is a 600,000-square-foot cross-dock facility that was built in 2008 and features a clear height of 36 feet, 66 dock doors and 176 trailer parking spaces. The property at 773 Cranbury South River Road is a 488,884-square-foot building that sits on a 34.7-acre site and was completed in 2017 via a 50-year ground lease. Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema of Cushman & Wakefield represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The Cushman & Wakefield team of Stan Danzig, Jules Nissim, Steve Elman, Kimberly Bach and Eric Schlett also advised the seller in the deal.