Industrial

CBRE Arranges Sale of Newly Built Southeast Distribution Center Near Port Houston

by Taylor Williams June 10, 2020

HOUSTON — CBRE has arranged the sale of Southeast Distribution Center, a 170,476-square-foot, newly built industrial facility located at 730 Genoa Red Bluff Road near Port Houston. Nathan Wynne and Cape Bell of CBRE represented the seller and developer, Houston-based Vigavi, in the transaction. David Buescher and Louis Tomaselli of JLL represented the buyer and new occupant, Hallmark Floors. Burton Construction acted as the general contractor on the development, and Powers Brown served as the architect. Amegy Bank provided construction financing. The sales price was not disclosed.

June 10, 2020

Industrial Leasing Activity Texas

Logistics Firm Signs 131,718 SF Industrial Lease at New Facility in Laredo, Texas

by Taylor Williams June 10, 2020

LAREDO, TEXAS — Freight Dispatch Service Agency Ltd. has signed a 131,718-square-foot industrial lease to occupy the entirety of I-35 Logistics Center, a speculative development located in the Rio Grande Valley city of Laredo. Construction of the property, which features 32-foot clear heights, 73 trailer parking spaces and an ESFR sprinkler system, began in August 2019 and was completed in April. Josh Aguilar of CBRE represented the owner and developer, a partnership between Fort Worth-based Tailwind Real Estate Equities and Gulf Corp., in the lease negotiations. Joey Ferguson of NAI Swisher & Martin Realty represented the tenant.

June 10, 2020

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 326-Unit Self-Storage Facility in San Antonio

by Taylor Williams June 10, 2020

SAN ANTONIO — Marcus & Millichap has brokered the sale of Angel’s Attic, a self-storage facility located at 5601 NW Loop 410 in San Antonio that consists of 326 non-climate-controlled units. The property was built in 1973 and spans 38,685 net rentable square feet. Casey Kral and Dave Knobler of Marcus & Millichap represented the seller, a private investor, in the transaction. The duo also procured the buyer, a California-based limited liability company.

June 10, 2020

Industrial Leasing Activity North Carolina Southeast

Circle Graphics to Fully Occupy 153,990 SF Industrial Building in Triangle

by Alex Tostado June 9, 2020

MOORESVILLE, N.C. — Circle Graphics has signed a lease to fully occupy Woodlake 501, a 153,990-square-foot industrial building in Mooresville. The property is located at 501 Innovation Ave., equidistant to Raleigh and Durham. The large-format, digital graphics producer will move into the space in October, according to Battista Orcino, vice president of leasing and development for Duke Realty, the landlord of Woodlake 501. Ernest Packaging currently occupies the asset but its lease is expiring soon, says Orcino. Lee Holder and Chris Wiley of Colliers International represented the tenant in the lease negotiations. Larry Lakins, Hunter Willard and Andrew Young of Cushman & Wakefield represented the landlord.

June 9, 2020

Acquisitions California Industrial Western

Westcore Expands Bay Area Portfolio with $9.2M Industrial Acquisition

by Amy Works June 9, 2020

SAN JOSE, CALIF. — Westcore has purchased an industrial warehouse, located at 660 N. King Road in San Jose, for $9.2 million. The 40,000-square-foot property features 29-foot clear heights and a secured yard. Westcore plans to renovate the warehouse to include a new roof, seismic retrofitting, parking lot repairs, office reconfiguration and upgrades. The asset is adjacent to an 87,000-square-foot industrial warehouse, located at 1800 Dobbin Drive, that Westcore acquired earlier this year. Jeffrey Ida and Cole Ferrari of Marcus & Millichap represented the buyer and undisclosed seller in the transaction.

June 9, 2020

Industrial Loans Texas

JLL Arranges $10M Loan for Refinancing of Pinnacle Business Center in Dallas

by Taylor Williams June 9, 2020

DALLAS — JLL has arranged a $10 million loan for the refinancing of Pinnacle Business Center, a 181,050-square-foot industrial complex in Dallas. The three-building, Class A property was built in 2004 and was fully leased at the time of the loan closing. Property features include clear heights ranging from 24 to 28 feet, 51 dock-high doors, nine ramp access doors, office space and ample parking. D.J. Meagher, Paul Brindley and Dillon Donald of JLL arranged the loan through insurance company National Life on behalf of the borrower, an affiliate of California-based Cohen Asset Management. The loan carries a 10-year term and a fixed interest rate.

June 9, 2020

Development Industrial Texas

Equity Industrial, Raith Capital Break Ground on 123,966 SF Spec Industrial Project in El Paso

by Taylor Williams June 9, 2020

EL PASO, TEXAS — A partnership between Massachusetts-based Equity Industrial Partners and New York-based Raith Capital Partners has broken ground on a 123,966-square-foot speculative industrial project in El Paso. The property will be located at 9541 Joe Rodriguez Drive near the Zaragoza International Bridge. Building features will include 28-foot clear heights, overflow trailer storage, a fenced truck court and an ESFR sprinkler system. Construction is expected to be complete in December. Loya Wilke Architects is handling design of the project, and Jacob CM is the general contractor. CBRE will market the space for lease.

June 9, 2020

Industrial Leasing Activity Texas

CKS Packaging Signs 50,560 SF Industrial Lease in Northwest Dallas

by Taylor Williams June 8, 2020

DALLAS — CKS Packaging Inc., a national manufacturer of plastic containers, has signed a 50,560-square-foot industrial lease at 2829 Merrell Road in northwest Dallas. Ryan Boozer and Lena Pierce of Stream Realty Partners represented the tenant, which will occupy the entirety of the building, in the lease negotiations. The landlord is Gillis Thomas LP.

June 8, 2020

Industrial Leasing Activity Texas

NKF Negotiates 28,892 SF Industrial Lease at Dallas Corporate Center

by Taylor Williams June 8, 2020

DALLAS — Newmark Knight Frank (NKF) has negotiated a 28,892-square-foot industrial lease at Dallas Corporate Center Building 2. According to LoopNet Inc., the property was built in 1996 and spans 115,567 square feet. Cole Collins and Gary Lindsey of NKF represented the tenant, an affiliate of printing ink manufacturer Flint Group, in the lease negotiations. The landlord, Prologis, was represented internally.

June 8, 2020

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Secures 15,000 SF Industrial Lease for Scaffolding Company in Houston

by Taylor Williams June 8, 2020

HOUSTON — Lee & Associates has secured a 15,000-square-foot industrial lease at 5825 Kelley St. in northeast Houston for BrandSafway Solutions LLC, a provider of scaffolding systems. According to LoopNet Inc., the single-tenant property was built in 2008. Taylor Schmidt and Reed Vestal of Lee & Associates represented the tenant in the lease negotiations. David Munson of Boyd Commercial represented the landlord, Audie Gray Family LP.

June 8, 2020

Newer Posts

Older Posts