Property Type

Automotive Parts Supplier Signs 136,000 SF Lease at 2,600-Acre Logistics Park in Savannah

by John Nelson December 11, 2023

SAVANNAH, GA. — Automotive parts supplier Kyungshin America Corp. (KAC) has signed a 136,000-square-foot lease at Savannah Gateway Industrial Hub (SGIH) in Georgia. Scheduled to open in February 2024, the facility will import and distribute automotive components to Hyundai Motor Group’s new, $7.5 billion electric vehicle plant underway near Port of Savannah and throughout the Southeast. SGIH, which comprises a total 2,600 acres, is a public-private partnership between the Effingham County Industrial Development Authority (ECIDA) and Broe Real Estate Group, the real estate affiliate of The Broe Group.

December 11, 2023

Acquisitions Florida Retail Southeast

Marcus & Millichap Brokers $6.5M Sale of Robbinswood Plaza Retail Center in Gainesville, Florida

by John Nelson December 11, 2023

GAINESVILLE, FLA. — Marcus & Millichap has brokered the $6.5 million sale of Robbinswood Plaza, a 13,218-square-foot retail center located in Gainesville. Tenants at the property, which was fully leased at the time of sale, include Chipotle Mexican Grill and Trulieve. Reid Thedford and Evan Cannan of Marcus & Millichap arranged the transaction on behalf of the undisclosed seller. A private investor acquired the property.

December 11, 2023

Development District of Columbia Leasing Activity Mixed-Use Retail Southeast

State of Play, Brookfield Properties to Open 8,546 SF Flight Club Darts Entertainment Venue in D.C.

by John Nelson December 11, 2023

WASHINGTON, D.C. — “Eatertainment” operator State of Play plans to open an 8,546-square-foot Flight Club darts venue in Washington, D.C. Scheduled to open summer 2024 and marking the 13th location for the brand, Flight Club D.C. will be situated at 641 New York Ave. NW within 655 New York, a 756,000-square-foot mixed-use development by Brookfield Properties. Other tenants at 655 New York, which features 79,000 square feet of retail space, include Rumi’s Kitchen, Capital Burger, Pearl’s Bagels, Kinship, Metier and Compass Coffee.

December 11, 2023

Development Industrial Leasing Activity Texas

Arden Group Completes Renovation, Lease-Up of 865,000 SF Industrial Complex in Houston

by Taylor Williams December 11, 2023

HOUSTON — Philadelphia-based Arden Group has completed the renovation and lease-up of a 34-building, 865,000-square-foot industrial complex located on the northwest corner of the Beltway 8 and Hardy Toll Road in Houston. Arden Group first acquired the asset in late 2021 and has since rebranded it as North Park 34 and appointed Stream Realty Partners as the leasing agent. Capital improvements included implementing a more traditional office/warehouse configuration, painting building exteriors, upgrading interior/exterior lighting and undertaking full interior renovations to 21 vacant suites.

December 11, 2023

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 303-Unit Self-Storage Facility in Gonzales, Texas

by Taylor Williams December 11, 2023

GONZALES, TEXAS — Marcus & Millichap has brokered the sale of Apache Self Storage, a 303-unit facility in Gonzales, about 75 miles east of San Antonio. The property consists of 50 climate-controlled units, 210 non-climate-controlled units, 24 container units and 19 parking spaces. Jon Danklefs of Marcus & Millichap represented the seller in the off-market transaction and procured a limited liability company as the buyer. Both parties requested anonymity.

December 11, 2023

Leasing Activity Office Texas

7-Eleven Extends 61,495 SF Office Headquarters Lease in Irving

by Taylor Williams December 11, 2023

IRVING, TEXAS — 7-Eleven Inc. has extended its 61,495-square-foot office headquarters lease at Connection Park, a 282,438-square-foot development in Irving. The term of the extension was not disclosed. The two-building complex was originally constructed in 2017. Duane Henley of Newmark represented 7-Eleven in the lease negotiations. HPI Real Estate Services & Investments represented the landlord, Dallas-based investment firm Chief Partners. 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the United States and Canada.

December 11, 2023

Industrial Leasing Activity Lee & Associates Texas

Sow Good Inc. Signs 51,264 SF Industrial Lease in West Dallas

by Taylor Williams December 11, 2023

DALLAS — Sow Good Inc. has signed a 51,264-square-foot industrial lease in West Dallas. The provider of freeze-dried food products will occupy the entirety of Building 10 at Stemmons Industrial Center, which features a front-load configuration and 25-foot clear heights. Garrison Efird, Jim Cooksey and Dalton Jernigan represented the tenant in the lease negotiations. Lee & Associates represented the landlord, Prologis.

December 11, 2023

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 33,333 SF Industrial Lease in West Dallas

by Taylor Williams December 11, 2023

DALLAS — Lee & Associates has negotiated a 33,333-square-foot industrial lease in West Dallas. According to LoopNet Inc., the property at 4811 Lakawana St. was built in 1986 and totals 50,000 square feet. Stephen Williamson of Lee & Associates represented the landlord, Texas-based Stonelake Capital Partners, in the lease negotiations. Lena Pierce and Ryan Boozer of Stream Realty Partners represented the tenant, Glasshouse Products.

December 11, 2023

California Development Multifamily Western

Sudberry Properties Starts Construction of 200-Unit The Brynn Multifamily Community in San Diego

by Amy Works December 11, 2023

SAN DIEGO — Sudberry Properties has broken ground on The Brynn, its fourth apartment property in the 230-acre, master-planned Civita community in San Diego’s Mission Valley neighborhood. Located on 3.3 acres at 2525 Via Alta, The Brynn is slated to open in 2025 and overlook the 14.3-acre Civita Park. The five-story property will feature 200 one-, two- and three-bedroom apartments, ranging in size from 613 square feet to 1,448 square feet. Units will include nine-foot ceilings, hardwood-style flooring, carpeting, and kitchens with Energy Star stainless steel appliances, quartz countertops and full-size washers and dryers. Additionally, some layouts offer patios or decks. Community amenities include a 360-space parking structure, clubroom, pool, spa, barbecues, lounges, firepits, TVs, an indoor/outdoor fitness area, shuffleboard, an indoor/outdoor bar, a pool table and lounge area with couches. Residents at The Brynn will also have access to the recreational amenities at the three existing apartment neighborhoods in Civita – Circa 37, West Park and Purl.

December 11, 2023

Acquisitions California Industrial Western

Old Grove Acquires Two Industrial Buildings in Vista, California for $29.4M

by Amy Works December 11, 2023

VISTA, CALIF. — Old Grove LLC, an out-of-town 1031 exchange buyer, has purchased two industrial properties in Vista from DXW LLC for $29.4 million. Located at 3215 and 3225 Executive Ridge, the two buildings offer a total of 120,239 square feet. BioFilm, a manufacturer and distributor of healthcare products, occupies both assets on a triple-net lease. Matt Poucho, Anthony DeLorenzo, Matt Harris, Roger Carlson and Blake Wilson of CBRE represented the seller, while James DeRegt of Lee & Associates represented the buyer in the deal. BioFilm occupies the 44,630-square-foot building at 3225 Executive Ridge as its corporate headquarters. Situated on 2.6 acres, the building features three loading docks, three grade-level doors and 28-foot clear heights. Thirty-three percent of the building serves as an office area, while the remaining space serves the company’s manufacturing needs. The tenant also occupies the 44,630-square-foot building at 3215 Executive Ridge, which is 71 percent warehouse space and 29 percent office space. The facility features drive-around truck access to two loading docks and four grade-level doors. Additionally, the property is equipped with heavy power.

December 11, 2023

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