MISSION, TEXAS — Bellomy & Co. has brokered the sale of A+ Storage, a 169-unit self-storage facility located in the Rio Grande Valley city of Mission. The property spans 24,100 net rentable square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the Harlingen, Texas-based seller and procured the Nebraska-based buyer in the transaction.
DES MOINES, IOWA — National Asset Services (NAS) has brokered the sale of a three-property warehouse portfolio totaling 731,169 square feet in Des Moines for an undisclosed price. The NAS team assumed asset management responsibilities for the properties in 2016 after ownership faced an impending 10-year loan maturity with no viable exit strategy. Paul Rubenstein, an attorney based in Los Angeles, represented the seller.
JEFFERSONVILLE, IND. — Kenco, a third-party logistics provider, has opened a new e-commerce fulfillment and distribution facility in Jeffersonville, three miles north of Louisville, Ky. The 250,000-square-foot space is designed to serve e-commerce merchants as well as business-to-business customers and is scalable to over 660,000 square feet. Kenco says the Jeffersonville location was selected to enable customers to reach the vast majority of the U.S. population in one to two days via ground transportation.
MIAMI — Colliers International has negotiated ECU Worldwide’s 164,432-square-foot industrial lease renewal in Miami. The space at 2401 NW 69th St. has been ECU’s long-term home. The new lease is for a period of a little more than eight years and is valued at more than $10 million. ECU specializes in global multi-modal transport and warehousing services. The property is situated eight miles northwest of PortMiami and nine miles north of downtown Miami. Jonathan Kingsley and Ryan Goggins of Colliers represented the tenant in the transaction. Stephen Panos of Annapolis, Md.-based Realterm internally represented the landlord.
ARLINGTON, TEXAS — Stream Realty Partners has negotiated a 52,032-square-foot industrial lease at 2910-2920 E. Avenue F in Arlington. According to LoopNet Inc., the property was built in 1968 and totals roughly 226,000 square feet. Luke Davis, Sarah Ozanne and James Mantzuranis of Stream Realty represented the landlord, Alpha Trinity LLC, in the lease negotiations. Wells Commercial Real Estate represented the tenant, logistics firm JMV Transport LLC.
ODESSA, TEXAS — Houston-based developer Archway Properties has broken ground on a 28,222-square-foot industrial project in the West Texas city of Odessa. The project will be a build-to-suit for TEAM Inc., an engineering services firm based in metro Houston, and will feature 21,222 square feet of warehouse and light manufacturing space and 7,000 square feet of office space. Completion is slated for December.
CHICAGO — Focal Point LLC has leased a 60,000-square-foot industrial building located at 4400 W. 45th St. in Chicago. The company manufactures architectural lighting products. Jeff Locascio and Chris Wilbur of Entre Commercial Realty represented the tenant in the lease transaction. Colin Green and Larry Goldwasser of Cushman & Wakefield represented the landlord, Talos Capital.
BROWNSTOWN TOWNSHIP, MICH. — Bernard Financial Group has arranged a $6 million loan for the refinancing of a two-building industrial property in Brownstown Township, about 25 miles southwest of Detroit. The 220,760-square-foot property is located at 18640-18650 Dix-Toledo Highway. Dennis Bernard and Joshua Bernard arranged the loan with Symetra Life Insurance Co. Ashley Brownstown North 4 & 5 LLC was the borrower.
HENDERSON, NEV. — Panattoni Development Co. has purchased 38.8 acres of undeveloped land, located at the southeast corner of Bermuda Road and St. Rose Parkway in the West Henderson submarket, for $25.5 million. Panattoni plans to construct a build-to-suit industrial asset on the property for an undisclosed tenant. The project is located within South 15 Airport Center, a 211-acre industrial complex. Dan Doherty, Paul Sweetland, Chris Lane and Jerry Doty of Colliers International’s Doherty Industrial Group represented Panattoni on the transaction. The name of the seller was not released.
EL SEGUNDO, CALIF. — Thorofare Capital has funded a $26 million post-acquisition loan for two R&D and office buildings in El Segundo. A single tenant occupies the full 200,220 square feet of the portfolio. The short-term bridge loan features a 50 percent loan-to-cost ratio, pre-development financing and a two-year base loan term with extension options. Felix Gutnikov, David Perlman, Andrew Kim and Jeff Scappini of Thorofare closed the loan for the undisclosed borrower.
