STAFFORD, TEXAS — NAI Partners has negotiated a 20,000-square-foot industrial lease renewal at 10101 Stafford Centre Drive in the southwestern Houston suburb of Stafford. Chris Caudill of NAI Partners represented the undisclosed landlord in the lease negotiations. Jarret Venghaus of JLL represented the tenant, educational software provider Intelliworks LLC.
LAS VEGAS — Brass Cap Development has completed the construction of SanTico, an industrial property located at the intersection of South Rainbow Boulevard and West Sunset Road in southwest Las Vegas. Situated on 2.5 acres, SanTico features 40,000 square feet of mid-bay industrial space that is divisible to two 20,000-square-foot buildings. Each building features two dock-high doors, one grade-level loading door, 24-foot clear heights, an ESFR fire suppression system, 277/480 volt, 800 amp and three-phase, as well as four wire service. LM Construction handled design, planning and construction of the property, which is located at 6825 W. Teco Ave.
SOUTH ELGIN, ILL. — Entre Commercial Realty has brokered the sale of a 23,108-square-foot industrial building in South Elgin, about 40 miles west of Chicago. The sales price was undisclosed. The property is located at 320-350 Industrial Drive. It is fully leased to an undisclosed tenant and features six drive-in doors, two docks, recently renovated office space and a new parking lot. Cory Kay and Mike DeSerto of Entre represented the buyer, a private investment group. Bruce Granger of NAI Hiffman represented undisclosed seller.
KENOSHA, WIS. AND KANNAPOLIS, N.C. — KKR (NYSE: KKR), a global investment firm based in New York City, has acquired two e-commerce distribution centers totaling approximately 2.5 million square feet for $260 million. One of the properties is located in Kenosha, approximately 30 miles south of Milwaukee. The other is in Kannapolis, approximately 25 miles northeast of Charlotte. In a release, KKR said that the properties were both 100 percent leased to a “high-quality, investment-grade tenant on a long-term basis.” Multiple news outlets, including both the Milwaukee Business Journal and the Charlotte Business Journal, report that Amazon is the occupant of both facilities. Regarding the Wisconsin facility, KKR acquired the 1.5 million-square-foot complex for $176 million, or $115 per square foot, according to the Milwaukee Business Journal. Prologis sold the two-building property, which is located off Interstate 94. The 1 million-square-foot facility in North Carolina is known as CLT 3 and sold for $84 million. The seller was not disclosed. “The current environment will lead to continued acceleration of e-commerce penetration which drives demand for large, modern distribution centers like the ones we are acquiring,” says Roger Morales, partner and head of Americas acquisitions at KKR. “Logistics real estate represents …
FLOWER MOUND, TEXAS — Lee & Associates has negotiated a 126,100-square-foot industrial lease renewal at 500 Enterprise Drive in the northern Fort Worth suburb of Flower Mound. According to LoopNet Inc., the property was built in 2003 and spans 462,200 square feet. Reed Parker of Lee & Associates represented the tenant, transportation and logistics firm BFS Services Inc., in the lease negotiations. Sarah Ozanne and Jeremy Kelly of Stream Realty Partners represented the landlord, New York-based Clarion Partners.
GARLAND, TEXAS — Texas Wholesale Computers, a supplier and distributor of finished computers, servers and accessories, has signed an 81,263-square-foot industrial lease at Miller Park North in the northeastern Dallas suburb of Garland. Josh Barnes and Ben Wallace of Holt Lunsford Commercial represented the landlord, Boston-based TA Realty, in the lease negotiations. Andy Goldston of Citadel Partners represented the tenant.
SPRING, TEXAS — Locally based investment firm The Welcome Group has acquired a 38,072-square-foot office and industrial complex at 2400 Spring Stuebner Road in the northern Houston suburb of Spring. The two-building property is situated on 11 acres and is leased to SES Foam, a provider of insulation products. The first building was built in 1984 and the second building was built in 1994.
ELIZABETH, N.J. — NAI James Hanson has negotiated a 49,300-square-foot industrial sublease for third-party logistics company Z Brothers Express Inc. in Elizabeth, a suburb of New York City. The space is located within a 143,756-square-foot, Class A industrial building at 560-596 Bercik St. The warehousing and distribution facility sits on 6.4 acres and features nine tailgates, one drive-in door and a clear height of 30 feet. Eric Demmers and Russell Verducci of NAI James Hanson represented the sub-landlord, RIM Logistics Ltd., in the lease negotiations. Rubicon Representation represented Z Brothers Express
NORTH LAS VEGAS, NEV. — CBRE has arranged the sale of RDN Mini Storage, a seven-building self-storage facility in North Las Vegas. California-based Watling Street acquired the asset from Nevada-based Piclane for $4.6 million. Located at 725 W. Washburn Road, the 36,520-square-foot property consists of 304 units with 24-hour video surveillance cameras. Nick Walker, Walter Brauer and Trevor Roberts of CBRE represented the seller in the deal.
DEKALB, ILL. — Facebook has unveiled plans to build an $800 million data center in DeKalb. The social media giant’s data center will occupy 505 acres of the 1,000-acre ChicagoWest Business Center, which is owned by Krusinski Construction Co. The project is expected to rely solely on renewable energy and create about 100 jobs. This will be the first data center for Facebook in Illinois, but the company has 15 data centers globally. DeKalb is approximately 65 miles west of Chicago. Krusinski began assembling land for ChicagoWest 14 years ago.