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Industrial

2270-La-Mirada-Dr-Vista-CA
CaliforniaIndustrialLoansWestern

MMCC Secures $4.3M in Refinancing for Industrial Property in Vista, California

by Amy Works

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.

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IllinoisIndustrialLeasing ActivityMidwest

Powerhouse Sales Signs 10,000 SF Industrial Lease in East Dundee, Illinois

by Kristin Harlow

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.

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IndustrialLeasing ActivityTexas

Wenaas Workwear USA Signs 45,000 SF Industrial Lease in Southwest Houston

by Taylor Williams

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.

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AcquisitionsIndustrialNew JerseyNortheast

Cushman & Wakefield Brokers Sale of Two Industrial Properties Totaling 1.1 MSF in Central New Jersey

by Taylor Williams

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.

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Company NewsDevelopmentIndianaIndustrialMidwestOfficeTop Stories

Roche to Invest $50B for U.S. Expansion, Including New Pharmaceutical Manufacturing Facilities

by John Nelson

INDIANAPOLIS — Roche, a Swiss biotechnology company whose U.S. headquarters is in Indianapolis, has announced its intention to invest $50 billion in the United States over the next five years. The investment will include new and expanded life sciences facilities across the country, as well as a new 900,000-square-foot manufacturing facility, the location of which will be announced soon. This project will be a manufacturing facility for Roche’s portfolio of next-generation weight loss medicines. The other new developments will include a gene therapy manufacturing facility in Pennsylvania, a new plant in Indiana for continuous glucose monitoring and a new research-and-development (R&D) center in Massachusetts. Roche will also expand and upgrade its existing pharmaceutical manufacturing facilities in Kentucky, Indiana, New Jersey, Oregon and Pennsylvania as part of the investment, as well as expand R&D centers in Arizona, California and Indiana. Roche’s investment is expected to create more than 12,000 new jobs, including nearly 6,500 construction jobs and 1,000 permanent jobs at the new and expanded facilities. The construction timeline for these projects was not announced. Once Roche’s new and expanded facilities come on line, the firm says it will be able to export more medicines from the United States than it …

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AcquisitionsFloridaIndustrialSoutheast

JLL Negotiates $53.8M Sale of Distribution Center in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — JLL Capital Markets has negotiated the $53.8 million sale of Imeson Commerce Center, a newly constructed, 422,136-square-foot distribution center in Jacksonville. Situated within Imeson Industrial Park near Jacksonville International Airport, the rear-load building features 36-foot clear heights, 81 dock-high doors, 260 car parking spaces and 180 trailer parking spaces. The facility is fully leased to RoadOne IntermodaLogistics, North America’s largest intermodal trucking provider, with 103,000 square feet of the property providing air-conditioned warehouse space. Luis Castillo, Cody Brais, Taylor Osborne and David Orta Jr. of JLL’s Investment Sales and Advisory team represented the sellers, North Signal Capital and Fox Capital Partners, in the transaction. CIP Real Estate was the buyer.

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DevelopmentIndustrialTexas

Vigavi Realty to Develop 556,800 SF Industrial Project in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — Houston-based Vigavi Realty will develop Woods Crossing, a 556,800-square-foot industrial project that will be located in the western Houston suburb of Brookshire. The site spans 36.3 acres, and the development will consist of three buildings that will be constructed in phases. Phase I of Woods Crossing will feature two buildings that will span 156,800 and 96,000 square feet and will feature a combined 40 dock doors and parking for 312 cars and 53 trailers. Construction of Phase I is set to begin in the coming weeks and to be complete in early 2026. Tom Lynch, Billy Gold, Faron Wiley, Charles Herold and Brad Smith of CBRE represented Vigavi Realty in the purchase of the land from Johnson Development, and CBRE has also been retained as the leasing agent for the new development. Ware Malcomb is the project architect; Langan Engineering is the civil engineer, and E.E. Reed Construction will serve as the general contractor.

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Expo-Centre-Sacramento-CA.jpg
AcquisitionsCaliforniaIndustrialWestern

Sword Industrial Partners Purchases 121,816 SF Expo Centre Industrial Park in Sacramento

by Amy Works

SACRAMENTO, CALIF. — Dallas-based Sword Industrial Partners has purchased Expo Centre, a seven-building industrial park in Sacramento, from BKM Capital Partners for an undisclosed price. Matt Susac and Todd Sanfillipo of CBRE have been retained as leasing agents for the park. Rebecca Perlmutter of CBRE represented the seller in the deal. Totaling 121,816 square feet, the industrial park offers small-bay suites ranging in size from 1,500 square feet to 6,600 square feet. The asset is located at 1767-1791 Tribute Road. Recent capital improvements at the asset include new roofs, paint, suite reconfigurations, signage and drought-tolerant landscaping. Sword Industrial Partners is actively pursuing multi-tenant, infill industrial assets in the Western United States. The newly formed MAG Capital Partners investment platform is helmed by Scott Word, managing partnering of Sword Industrial Partners.

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DevelopmentIndustrialTexas

Creation, Crow Holdings to Develop 451,032 SF Industrial Project in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Phoenix-based developer Creation and a fund advised by Crow Holdings Capital will develop a 451,032-square-foot industrial project in North Fort Worth. Known as MC820 Logistics, the development will consist of three buildings on a 38-acre site that will have parking for 473 cars and 42 trailers. LGE Design Build is leading the architecture and construction aspects of the project in collaboration with Manhard Civil Consulting. The first phase of construction is scheduled to begin this summer and to be complete in late 2026. Holt Lunsford Commercial has been tapped as the leasing agent.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of Self-Storage Facility in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Marcus & Millichap has brokered the sale of a self-storage facility in the northern Dallas metro of Carrollton. Extra Space Storage operates the facility, which was built in 1996 and expanded in 2001. The facility totals 114,236 net rentable square feet of space across 143 climate-controlled units, 448 drive-up units, six office suites and 101 uncovered parking spaces. Brandon Karr of Marcus & Millichap represented the buyer and seller, both of which were locally based entities that requested anonymity, in the transaction.

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