BOYNTON BEACH AND JUPITER, FLA. — Redfearn Capital has purchased two industrial facilities in South Florida for a total of $10.8 million. The Delray Beach, Fla.-based investment firm acquired a 17,215-square-foot, multi-tenant facility at 4875 Park Ridge Road in Boynton Beach for $3.4 million and a 30,920-square-foot property at 1445-1449 Jupiter Park Drive in Jupiter for $7.4 million. The seller(s) was not disclosed.
SAN ANTONIO, FLA. — Columnar has begun construction on the first phase of Double Branch, a mixed-use development spanning 965 acres in San Antonio, a suburb of Tampa in Pasco County. Phase I comprises 75 Logistics at Double Branch, an industrial park entitled up to 4.5 million square feet of space that will be developed over multiple phases. Nathan Lynch and Mike Sogluizzo of Colliers arranged an undisclosed amount of construction financing through a life insurance company to finance the first phase of 75 Logistics at Double Branch. Concrete has been poured for the first phase, which is located at the intersection of I-75 and State Road 52. Phase I will comprise three rear-load facilities spanning more than 480,000 square feet combined. Additional plans for the industrial park call for a 1.6 million-square-foot build-to-suit distribution building and a 400,000-square-foot cross-dock facility. Future phases for Double Branch will include 1 million square feet of office space; 3,500 multifamily, townhomes and lifestyle residential units; 500,000 square feet of retail, restaurant and entertainment space; two hotels; 250 acres of healthcare, wellness and life sciences development; and more than 200 acres of parks and trails.
BILOXI, MISS. — U-Haul has opened U-Haul Moving & Storage of Biloxi, a 344-unit self-storage facility located at 12011 Old Highway 67 in Biloxi. This is the first U-Haul-owned and -operated location in Biloxi and the company’s 14th in Mississippi. The one-story facility was delivered over the summer and purchased/rebranded earlier this fall. U-Haul Moving & Storage of Biloxi is situated at Old Highway 67 and Cedar Lake Road, which is close to exit 44 of I-10 and Miss. Highway 15. The property features indoor climate-controlled units, high-tech security and a retail showroom with boxes and moving supplies. U-Haul plans to implement its suite of moving trucks, trailers, towing devices and propane tank exchange services at the Biloxi location in the near future.
PEORIA, ARIZ. — The City of Peoria, an Arizona municipal corporation, has purchased an industrial building at 10857 N. 95th Ave. in Peoria from Glez C Properties LLC for $11 million. The city will utilize the 81,060-square-foot property as a training facility for its police officers and a storage facility for its tactical vehicles. Built in 2005, the asset offers freeway access. Jeffrey Garza Walker of NAI Horizon represented the seller in the transaction.
HOUSTON — Lebco Industries has signed an 80,260-square-foot industrial lease in northwest Houston. The furniture manufacturer is taking space at 6913 Guhn Road, a single-tenant building that features 32-foot clear heights, 18 dock-high doors, 185-foot truck court depths and parking for 61 cars and 32 trailers. Jeremy Lumbreras and William Carpenter of Stream Realty Partners represented the landlord, Chicago-based First Industrial Realty Trust, in the lease negotiations. David Buescher and Geoff Perrott of JLL represented the tenant.
MIDDLEFIELD, OHIO — Peak Construction Corp. will serve as the design-build contractor for a new 747,000-square-foot warehouse and distribution facility for The HC Companies in Middlefield, an eastern suburb of Cleveland. Scannell Properties is the developer. The project is being constructed adjacent to HC’s existing Ohio manufacturing facility. Site preparation is underway, with completion of the development slated for the third quarter of 2025. The project team includes Harris Architects, Weber Engineer Services and SMBH Structural Engineering. Headquartered in Twinsburg, Ohio, HC works in the horticultural industry and manufactures products for greenhouse, nursery, retail and commercial markets.
PLYMOUTH MEETING, PA. — Newmark has negotiated a 34,493-square-foot lease in Plymouth Meeting, a northwestern suburb of Philadelphia. The tenant, HVAC and plumbing services provider Donnelly’s Home Comfort Specialists, is taking space at the 143,000-square-foot industrial flex building at 1 Innovation Drive. Jim Dugan, Justin Bell and Patrick Nowlan of Newmark represented the landlord, Alliance HP, in the lease negotiations. The name of the tenant representative was not disclosed.
JOHNSTOWN, OHIO — Cologix Inc., a hyperscale data center owner and operator, has purchased 154 acres in Johnstown, a Central Ohio city located about 25 miles northeast of Columbus. The Denver-based company plans to invest $7 billion for the development of a data center campus at the site. Upon completion, Cologix plans to have eight data centers that are “AI-ready” and have the capacity for 800 megawatts (MW) of scalable power. The firm plans to begin construction on the first phase in 2025, with the campus ultimately spanning 2 million square feet of data center space. The new campus will support the region’s advancing digital economy and provide “high-density, ultra-low latency and sustainable infrastructure” for hyperscale clients and enterprises that will tenant these new data centers. Cologix currently operates four data centers in Columbus with a combined footprint of 500,000 square feet and 80MW of power. The company delivered its fourth Columbus data center, a 256,000-square-foot facility dubbed COL4, this past summer. “As the largest provider of colocation and interconnection solutions in Columbus, we are thrilled to deepen our investment in Central Ohio,” says Laura Ortman, CEO of Cologix. “This new campus is more than an expansion — it’s a …
EL PASO, TEXAS — A partnership between Maryland-based investment firm Realterm and Houston-based NIT Industrial will develop a 452,966-square-foot industrial project in El Paso. The development will comprise a 125,843-square-foot rear-load building with 32-foot clear heights and a 327,123-square-foot cross-dock building with 36-foot clear heights. The buildings, which will be situated on a 31.2-acre site, will be able to support a single or multiple users and will also offer a combined 134 docking doors and 165 trailer parking stalls. Construction is expected to last about a year.
KATY, TEXAS — Freight and logistics firm Mars Shipping Service has signed a 43,475-square-foot office lease in the western Houston suburb of Katy. The property at 21331 Clay Road is located within Bridgewater Commerce Center. Garret Geaccone, Boone Smith and Abraham Richardson of Stream Realty Partners represented the landlord, Harbor Capital, in the lease negotiations. Rodney Henson of TopSky Realty Texas represented the tenant.