Industrial

National Property Holdings Underway on 87-Acre Industrial Project in Metro Houston

by John Nelson May 12, 2020

KATY, TEXAS — National Property Holdings (NPH), a Houston-based industrial developer and owner, is underway with Katy Prairie Business Park, an 87-acre industrial project located in the western Houston suburb of Katy. At full buildout, the project will span approximately 1.1 million square feet across three tilt-wall buildings. The development’s first facility has been underway for a few months. Dallas-based design-build firm ARCO Design/Build Inc. broke ground last December on a 59,000-square-foot warehouse and distribution center within the park for Domino’s Pizza, progress of which can be seen here. The facility is expected to be complete in the fourth quarter and support more than 300 Domino’s Pizza restaurants across South Texas. “We are delighted Domino’s selected National Property Holdings to develop its new supply chain center and fresh pizza dough production line in our first building at Katy Prairie Business Park,” says Ryan Lovell, vice president of real estate for NPH. In addition to building the Domino’s facility, NPH is now expanding the park’s infrastructure to make way for the other two buildings. This work includes excavating detention ponds totaling approximately 20 acres, extending the public water line by half a mile, implementing a wastewater collection system and lift station …

May 12, 2020

Industrial Massachusetts Northeast

Plymouth Industrial REIT Executes 426,000 SF in New Leases During First Quarter

by Alex Patton May 11, 2020

BOSTON — Plymouth Industrial REIT Inc. (NYSE: PLYM), a Boston-based investment firm focused on the acquisition and management of industrial properties, executed more than 426,000 square feet of new leases during the first three months of 2020, according to the company’s latest quarterly report. Commercial leasing has declined amid the COVID-19 health crisis, but industrial owners have benefited from demand for distribution and warehousing space, especially from e-commerce users. At the end of the quarter, Plymouth owned 125 industrial buildings totaling approximately 20 million square feet, including 11 properties totaling 2.1 million square feet that were purchased in the first quarter. Plymouth reported 96.3 percent occupancy across its portfolio, which is primarily located in the Midwest and Southeast regions, as well as in New Jersey and Maine. Plymouth’s stock price closed at $13.98 per share on May 8, down from $15.55 per share a year ago.

May 11, 2020

Acquisitions Florida Industrial Self-Storage Southeast

JLL Arranges Sale of 636-Unit Self-Storage Property in Miami

by Alex Tostado May 11, 2020

MIAMI — JLL has arranged the sale of 21st Century Self Storage, a 636-unit facility in Miami. The 37,242-square-foot asset features climate-controlled units and 26 parking spaces. The building was originally constructed in the 1950s and was converted to self-storage in 2003. The building is located at 200 NW 79th St., eight miles north of downtown Miami. Steve Mellon, Brian Somoza and Manny de Zárraga of JLL represented the seller, 21st Century Self Storage, in the transaction. Amsdell Cos. and Compass Self Storage purchased the facility for an undisclosed price.

May 11, 2020

Industrial Leasing Activity Texas

Benchmark Electronics Signs 44,680 SF Industrial Lease Extension in Austin

by Taylor Williams May 11, 2020

AUSTIN, TEXAS — Tempe, Ariz.-based manufacturer Benchmark Electronics Inc. has signed a 44,680-square-foot industrial lease extension at 200 Parker Drive in North Austin. Andrew Hueser, Sherry Gubera and Jesse Weber of Newmark Knight Frank represented the tenant in the lease negotiations. JLL represented the landlord, Icon Owner Pool 6 Austin LLC.

May 11, 2020

Acquisitions Industrial Midwest Ohio Self-Storage

Marcus & Millichap Arranges Sale of 193-Unit Self-Storage Facility in Norwalk, Ohio

by Kristin Harlow May 11, 2020

NORWALK, OHIO — Marcus & Millichap has arranged the sale of an Action Mini Storage facility in Norwalk, about 55 miles west of Cleveland. The sales price was undisclosed. The property, located at 3837 Laylin Road, features 193 non-climate-controlled units and totals 28,850 net rentable square feet. Brett Hatcher and Gabriel Coe of Marcus & Millichap marketed the facility on behalf of the seller, a limited liability company. The duo also secured and represented the buyer, a limited liability company.

May 11, 2020

3300-3390-Horseless-Carriage-Dr-Norco-CA

California Industrial Leasing Activity Lee & Associates Western

Goli Nutrition Leases 422,432 SF of Industrial Space in Norco, California

by Amy Works May 11, 2020

NORCO, CALIF. — Goli Nutrition, a vitamin manufacturer, has inked a deal to occupy 422,432 square feet of industrial space spread across four industrial buildings located at 3300-3390 Horseless Carriage Drive in Norco, approximately 45 miles east of Los Angeles. Goli Nutrition plans to use the multi-building campus, located within Saddle Business Center, to expand its operations, including its distribution efforts. The landlord is CapRock Partners. Jeff Ruscigno of Lee & Associates Riverside, Calif., along with Paul Earnhart, Ryan Earnhart and Brian Pharriss of Lee & Associates Ontario, Calif., represented both the landlord and the tenant in the transaction.

May 11, 2020

Connecticut Industrial Leasing Activity Northeast

NKF Negotiates 26,600 SF Office, Industrial Lease in Trumbull, Connecticut

by Alex Patton May 8, 2020

TRUMBULL, CONN. — Newmark Knight Frank (NKF) has arranged a 26,600-square-foot office lease for Power Home Remodeling Group in Trumbull, a western suburb of New Haven. The space is located at 60 Commerce Drive, within a 67,000-square-foot building that houses a three-story office building and an adjacent warehouse with a 30-foot ceiling height. Tim Rorick, Torey Walsh and Jack McDermott of NKF represented the owners, CH Commerce Drive Associates LLC and City Park Commerce Drive LLC, in the transaction. Jay Hruska and Brian Scruton of Cushman & Wakefield represented the tenant.

May 8, 2020

Acquisitions Industrial Midwest Ohio Self-Storage

SkyView Advisors Brokers Sale of 478-Unit Self-Storage Facility in Copley, Ohio

by Kristin Harlow May 8, 2020

COPLEY, OHIO — SkyView Advisors has brokered the sale of a West Side Storage facility in Copley, about seven miles west of Akron. The sales price was undisclosed. The 478-unit self-storage facility spans 57,016 square feet. It sits on 12.4 acres at 1252 Mina Ave. Zack Urow and Ryan Clark of SkyView represented the undisclosed seller.

May 8, 2020

Development Industrial Texas

Logistics Property Co. to Break Ground on 1 MSF Spec Industrial Building in Metro Dallas

by Taylor Williams May 8, 2020

WILMER, TEXAS — Chicago-based developer Logistics Property Co. (LPC) will break ground in July on Building 3 at Southport Logistics Park in the southern Dallas suburb of Wilmer. Current plans call for Building 3 to span roughly 1 million square feet with the potential to be expanded to 1.2 million square feet. According to LPC, the project is the only speculative industrial development in the South Dallas submarket that is moving forward right now. Building features will include 40-foot clear heights, 300 trailer parking spaces and 650 automobile parking spaces. Delivery is slated for the first quarter of 2021. Southport Logistics Park is a 252-acre development located immediately east of Interstate 45 and the Union Pacific Intermodal, five miles south of Interstate 20 and thee miles south of a hub for FedEx Ground.

May 8, 2020

Industrial Leasing Activity Texas

Electronics Supplier Signs 49,072 SF Industrial Lease in Fort Worth

by Taylor Williams May 8, 2020

FORT WORTH, TEXAS — Mastertronics Inc., a global supplier of computers and consumer electronics, has signed a 49,072-square-foot industrial lease at Northern Crossing Business Park in Fort Worth. George Jennings, Hogan Harrison, and Matt Carthey with Holt Lunsford Commercial represented the landlord, Windsor at Northern Crossing, in the lease negotiations. Nick Karanges with Woodcrest Capital represented the tenant.

May 8, 2020

Newer Posts

Older Posts