LEWISVILLE, TEXAS — Kuehne & Nagel, a global transport and logistics firm based in Switzerland, has signed a 267,902-square-foot industrial lease renewal at 1800 Waters Ridge Drive in the northern Dallas metro of Lewisville. Steve Trese and Wilson Brown of CBRE represented the landlord, Teachers Insurance & Annuity of America, in the lease negotiations. Blake Anderson of Savills represented the tenant.
CARROLLTON, TEXAS — Holt Lunsford Commercial has negotiated an 8,817-square-foot industrial lease at 1415-1421 Hutton Drive in the northern Dallas suburb of Carrollton. Josh Barnes and Canon Shoults of Holt Lunsford represented the landlord, Frontier Equity, in the lease negotiations. Michael Haggar of JLL represented the tenant, Aquabella LLC.
ONTARIO, CALIF. — CenterPoint Properties has purchased an industrial property located 5600 E. Airport Drive in Ontario. Situated on 94.2 acres, the asset features 1.6 million square feet of industrial space. The acquisition includes a short-term leaseback with the existing tenant. However, CenterPoint plans to market the property for lease in the future. The company intends to leverage the existing improvements and capitalize on a parking ratio five times greater than the market average. The site can accommodate multiple tenants, including a combination of standalone yards. Thad Mallory, Bret Hardy and Jim Linn of Newmark Knight Frank represented CenterPoint in the off-market transaction. Terms of the deal, including seller and acquisition price, were not released.
GLENDALE, ARIZ. — Industrial Outdoor Ventures has purchased a heavy industrial facility with storage yard, located at 4800 W. Pasadena Ave. in Glendale. WHAL Properties sold the asset for an undisclosed price. Situated on 4.6 acres, the property includes a 29,625-square-foot industrial service facility with 3,300 square feet of office space and a paved storage yard. The site is fully secured and zoned for a wide range of heavy industrial uses and features heavy three-phase power and 16-foot to 24-foor clear ceiling heights. Additionally, the property is situated near Interstates 10 and 17, less than a mile from the BNSF Intermodal Facility and 12 miles from Phoenix Sky Harbor Airport. Currently, MasTec, a multi-national infrastructure engineering and construction company, occupies the entire property. Kerri Scott and Bob Broyles of Colliers International represented the seller in the deal.
PALMDALE, CALIF. — Sinclair Printing has completed the sale of an industrial warehouse located at 600 W. Technology Drive in Palmdale. Greenlaw Partners acquired the asset for $15 million. Dennis Marciniak and Larry McEwan of DAUM Commercial Real Estate Services completed the transaction. The buyer secured a multi-national technology company as a tenant for the 130,392-square-foot building. Situated on 8.7 acres, the property features ample warehouse space and a total of 15,000 square feet of office, conference room and an overflow storage space. The building features 28-foot clear heights, four dock-high loading doors and refrigeration.
BURLINGTON, N.J. — Johnson Development Associates will build a 266,966-square-foot warehouse facility in Burlington, a southern suburb of Trenton. The project, which will be branded Exit 5 Distribution Center, will be constructed on a 59.3-acre industrial site located at 107 Elbow Lane. Delivery is scheduled for the fourth quarter. Dan McGovern, Paul Touhey and Drew Green of CBRE represented Johnson Development in the 59.3-acre land acquisition, which closed as an off-market transaction. Seacalco LLC was the seller. The sales price was undisclosed.
PHILADELPHIA — NorthBridge Partners has acquired a 281,000-square-foot, four-building portfolio situated on 27.3 acres in Philadelphia for $25.5 million. The assets are located at 2722 Commerce Way, 2801-17 Southampton Road, 2825-45 Southampton Road and 2191 Hornig Road. The properties offer convenient access to the Interstate 95 corridor. At the time of sale, the portfolio was 94 percent leased to 12 tenants including United Natural Foods Inc., Goodman Distribution and the City of Philadelphia. Frank Roddy of Roddy Inc. represented NorthBridge in the transaction. The seller(s) was undisclosed.
WILMINGTON, MASS. — JLL has arranged a $5.6 million loan for the refinancing of a light manufacturing industrial building in Wilmington, a northern suburb of Boston. Local bank Webster Five provided the 10-year, fixed-rate loan to the borrower, Boston-based Rhino Capital Advisors LLC. The property, located at 272 Ballardvale St., was constructed in 1976 and features 20-foot clear heights. Brett Paulsrud and Amy Lousararian of JLL arranged the loan.
IRVING AND CARROLLTON, TEXAS — Locally based investment firm Fort Capital has acquired a trio of industrial/flex assets totaling roughly 350,000 square feet in the Dallas metros of Irving and Carrollton. The portfolio includes Commerce Business Park, a 33-building, 179,049-square-foot property situated on 18.6 acres in Irving; 4040 W. Royal Lane, a seven-building, 92,051-square-foot development in Irving; and Avion Business Center, a three-building, 77,339-square-foot asset in Carrollton. The seller(s) was not disclosed.
DALLAS — Newmark Knight Frank (NKF) has negotiated a 191,360-square-foot industrial lease expansion for Distribution Management Inc. at 4695 Clover Haven St. in Dallas. The company previously occupied 70,000 square feet and will take occupancy of its new space in April following the completion of tenant improvements. Art Leichner and Andrew Crites of NKF represented Distribution Management in the lease negotiations. The landlord, Exeter Property Group, was self-represented.