TRACY, CALIF. — Seefried Industrial Properties, as developer partner for Clarion Partners, has acquired a 76-acre land site for the development of a speculative, multi-warehouse project within the Northeast Area Specific Plan in Tracy, approximately 70 miles east of San Francisco. Located at the northeast corner of Grant Line and Chrisman roads, the yet-to-be-named project will total 1.1 million square feet of office and warehouse space spread across three buildings of 260,000 square feet, 517,000 square feet and 353,000 square feet. The project will offer tenants the opportunity to occupy space ranging from 18,000 square feet to 1.13 million square feet. The buildings will feature tilt-up construction, clear heights ranging from 32 feet to 36 feet, 185-foot truck courts, 339 trailer spaces combined, ESFR sprinkler systems and ample parking. Construction is slated to begin in June, with completion scheduled for June 2021. HPA Architecture is serving as architect and K&W is serving as civil engineer for the project. Mike Goldstein and John Steinbuch of Colliers International will lead the leasing and marketing efforts for the new development.
SAN BERNARDINO, CALIF. — Newport Beach, Calif.-based Birtcher Development has acquired a 20-acre land parcel fully entitled for the development of a speculative regional fulfillment and distribution center. The seller, 6th Street LLC, sold the site for $17.6 million. Birtcher plans to break ground on the project this spring with completion slated for fourth-quarter 2021. Designed by Irvine, Calif.-based HPA Architecture, the 406,710-square-foot facility will feature an eight-inch slab and 40-foot clear heights, resulting in 16 to 20 percent more pallet positions than a typical 36-foot warehouse. Additionally, the building will include 65 dock-high doors, 167 designated trailer stalls in a secured concrete truck yard, 259 auto parking spaces and two grade-level loading doors. Power for the site includes 4,000 AMP service (2,000 AMPs installed), 2.5 percent parabolic skylights and 100,000 kW/h/year of solar power that will be ready for tenant use. Located within the Inland Empire, the parcel is located on Sixth Street between Lankershim and Sterling avenues, three blocks from the San Bernardino International Airport and accessible to interstates 10 and 215. Additionally, the property is two blocks form a planned $200 million air cargo logistics center that will house up to 16 aircraft and generate nearly 4,000 …
SANTA CLARA AND LA MIRADA, CALIF. — PS Business Parks (PSB) has completed the acquisition of two business parks in California for a total consideration of $30.3 million. The purchases will qualify as 1031 exchanges for tax purposes. On Dec. 20, 2019, PSB purchased San Tomas Business Center in Santa Clara for $16.6 million. Totaling 79,400 square feet, the park features nine buildings offering suites ranging from 200 square feet to 3,500 square feet. At the time of closing, the property was 96 percent occupied. Additionally, PSB acquired La Mirada Commerce Center in La Mirada on Jan. 10 for $13.7 million. The five-building park offers a total of 73,400 square feet, with suites ranging from 1,200 square feet to 3,000 square feet. At the time of closing, the property was 100 percent occupied. The names of the sellers were not released.
DEER PARK, TEXAS — Colliers International has negotiated a 349,050-square-foot industrial lease for organic food company Wholesome Sweeteners at Victory Commons Center in Deer Park, an eastern suburb of Houston. Victory Commerce Center features a cross-dock configuration, 32-foot clear heights, 185-foot truck court depths, 256 car parking spaces, an ESFR sprinkler system and an additional acre for storage or trailer parking. In addition, the property is located within 10 miles of Beltway 8, Interstate 10 and the Barbours Cut and Bayport Container terminals at Port Houston. Jon Lindenberger, Walter Menuet and Paul Dominique of Colliers represented the landlord, Crow Holdings Industrial, in the lease negotiations. Ryan Fuselier and Carl Mueller of JLL represented Wholesome Sweeteners.
HOUSTON — Redwood Property Investors III LLC, a California-based private investment fund, has purchased the former Exterran Energy Solutions campus in northwest Houston. The property is situated on 21 acres and spans 301,127 square feet of manufacturing and office space. Clay Pritchett and Zane Carman of NAI Partners represented Redwood in the transaction. Mark Nicholas and Richard Quarles of JLL represented the seller and former occupant, Exterran. Redwood has tapped NAI Partners to market the property for lease moving forward.
JERSEY CITY, N.J. — CBRE has arranged the sale of FXG Jersey City, a 315,389-square-foot industrial complex in Jersey City, a western suburb of New York City. Completed in 2016, the complex is located at 1049 Secaucus Road and offers convenient access to Newark International Airport. The property was fully leased to FedEx Ground Package Systems Inc. at the time of sale. Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki of CBRE represented the buyer, Scannell Properties, in the transaction.
SEAGOVILLE, TEXAS — Marcus & Millichap has brokered the sale of Abney Industrial Warehouses, a 39,261-square-foot industrial complex in Seagoville, a southeastern suburb of Dallas. The property is situated on 4.2 acres and consists of three warehouses and an office building. Adam Abushagur and Sam Martin of Marcus & Millichap represented the seller, a private investor, in the transaction. Additional terms of sale were not disclosed.
NEW YORK CITY — Nonprofit food rescue organization City Harvest has signed a 150,000-square-foot industrial lease at 150 52nd St. in Brooklyn that will house its new food rescue facility and administrative offices. The company is moving from its original facility in Long Island City after its old site was rezoned from industrial to residential. Rob Kossar, Paul Mas, Adam Citron and Ellen Herman of JLL represented City Harvest in the lease negotiations. Leslie Lanne of JLL represented the landlord, DH Property Holdings. which sold the building to Prologis following the execution of the lease.
EASTON, PA. — Markward Group has negotiated the sale of a 20,295-square-foot industrial property for plastic extrusion manufacturer Fluortek in Easton, a northeastern suburb of Allentown. The company, which manufactures custom tubing for medical devices, is moving from 12 McFadden Road in Easton to 3370 3370 Hill Road. Matt Macdonald of Markward Group represented Fluortek in the transaction. The sales price was undisclosed.
INDEPENDENCE, MO. — Block & Co. Inc. Realtors has arranged the sale of a 28.6-acre self-storage property in Independence for $10 million. The facility features 741 enclosed units and 450 parking stalls. William Glasgow of Block & Co. represented the seller, Lake City U-Store. The buyer, State Storage Group Kansas City LLC, plans to modernize the entire facility with computer-automated climate control and other technological systems.