RICHMOND, VA. — Richmond-based Direct Mail Solutions has acquired a 229,829-square-foot industrial building in Richmond for $9.4 million. The property features ESFR sprinklers and 38-foot clear heights. The property spans 23.8 acres and is located at 4650 Oakleys Lane, seven miles east of downtown Richmond. Cliff Porter and Robert Porter III of Porter Realty Co. Inc. represented the seller, 4650 Oakleys Lane LLC, in the transaction.
BROOKSHIRE, TEXAS — Stream Realty Partners has broken ground on Empire West Business Park, a speculative industrial project that is situated on 300 acres in the western Houston suburb of Brookshire. Designed by Houston-based Powers Brown Architecture, the property fronts Interstate 10 and U.S. Highway 90. The initial phase of the project will consist of roughly 1 million square feet of space across three buildings while the second phase will focus more on build-to-suit opportunities and potential sales to corporate end users. The project team includes general contractor Rosenberger Construction and engineering firms BGE Inc., LJB Inc. and Cope Engineering. Stream Realty is underway with site infrastructure work at Empire West, including detention, roads, wastewater and water that will serve the park. The developer expects to complete the Phase I buildings in spring 2021.
WACO, TEXAS — Marcus & Millichap has arranged the sale of Simple Self Storage, a 233-unit facility located at 2172 E. Loop 340 in Waco. The property was built in phases between 2017 and 2018 and features 24,740 net rentable square feet of non-climate-controlled space. Units range in size from 25 to 200 rentable square feet, and the site includes roughly two acres for future expansion. Brandon Karr, Danny Cunningham and Bryan Quaschnick of Marcus & Millichap represented the seller and procured the buyer, both of which were limited liability companies that requested anonymity.
PORT ARTHUR, TEXAS — Lee & Associates has brokered the sale of a 26,503-square-foot industrial building located in Port Arthur, about 90 miles east of Houston. The property is situated on a 10.3-acre site about six miles from the Port of Port Arthur and features 18-foot clear heights and a 26 percent office finish. Trey Erwin and Justin Cole of Lee & Associates represented the seller, Carlisle Port Arthur LP.
EAST GREENWICH, N.J. — Miami-based Scout Capital Partners is nearing completion of Scout Cold Logistics Center, a 332,000-square-foot cold storage facility in East Greenwich, located 18 miles outside Philadelphia in Southern New Jersey. The facility features 80 loading docks and 36-foot clear heights and is expected to be complete by the end of summer. A logistics company that specializes in transport of perishable foods has leased 97,000 square feet at the property. The remaining floor plans range in size from 65,000 to 235,000 square feet. Colliers is handling leasing of the facility.
ELIZABETH, N.J. — Major Kitchen Cabinet Inc. has signed a 75,000-square-foot industrial lease at 502 York St. in Elizabeth, located just south of Newark. The wholesale cabinet provider will be expanding from a 40,000-square-foot space in Brooklyn when the full-building lease commences later this year. The new space features 22-foot clear heights and six loading docks. Locally based investment firm Elberon Development Group owns the property, having acquired it in 2015 at full occupancy.
TOPEKA, KAN. — GO Topeka has unveiled plans to build a large-scale animal health innovation campus in Topeka. The economic development group has selected Clark Enersen Partners and BioRealty Inc. to begin identifying and evaluating prospective locations. The developers, which both have expertise building scientific research parks, will present initial findings this winter. The development will be home to Plug and Play’s animal health program as well as research and development labs and offices for startups and partners. Topeka is centrally located within the KC Animal Health Corridor, which is home to more than 300 animal health companies.
MELROSE PARK, ILL. — SignCo, a local print, design and sign manufacturing company, has leased 19,800 square feet of industrial space at 1975 Cornell Ave. in Melrose Park, a western suburb of Chicago. The multi-tenant building spans 45,000 square feet. Michael Plumb and Brad Simousek of Lee & Associates represented the undisclosed landlord in the lease transaction. Ryan Kehoe of Lee & Associates represented the tenant. In May, Kehoe also represented SignCo when it sold its 6,900-square-foot building at 1327 N. 31st St. in Melrose Park. Keller Williams represented the buyer, Midwest AutoBody, in the sales transaction that occurred in May.
MILWAUKIE, ORE. — Alpine Food Distributing has purchased two distribution facilities, located at 9696 SE Omark Drive in Milwaukie. Oregon Transfer Co. sold the asset for $12.2 million. Steven Klein and Peter Stalick of Kidder Mathews represented Alpine in the transaction. The Oregon-based, family-owned food distribution company previously leased the properties, which offer a total of 220,000 square feet. The newly acquired complex is adjacent to a 280,000-square-foot facility that the buyer already owns.
SURPRISE, ARIZ. — Orion Investment Real Estate, along with Property Dimensions Real Estate Group, has arranged the sale of an 18.5-acre commercial land site located at the northwest corner of Litchfield and Cactus roads in Surprise. Veramonte Land Holdings sold the parcel to Terry B. Brodkin & Associates, as 18.5 Litchfield & Cactus LLC, for $2.2 million. The buyer is working with LGE to develop high-quality flex space at the back of the property, while frontage is being sold off as retail pads. Judi Butterworth of Orion and Cathy Cheshier of Property Dimensions represented the seller in the transaction.
