ST. AUGUSTINE, FLA. — Westmount Realty Capital has sold a 246,818-square-foot refrigerated warehouse located at 4055 Deer Park Blvd. in St. Augustine. Built on 25 acres in 1994, the property was fully leased at the time of sale to KeHE Distributors, a national wholesale food distributor. The firm has been a tenant at the Deer Park facility since 2008. The buyer and sales price were not disclosed.
BALTIMORE — Cushman & Wakefield has arranged the sale of a 200,000-square-foot warehouse at 3501 E. Biddle St. in Baltimore. The 36-acre site is situated near the Port of Baltimore, I-95 and I-895 and includes two acres of available land for leasing. Metro Chicago-based Industrial Outdoor Ventures (IOV) purchased the property from SK Realty for an undisclosed price. Jonathan Carpenter, Graham Savage and McLane Fisher of Cushman & Wakefield represented IOV in the transaction. The warehouse was fully leased to three tenants at the time of sale.
FORT WORTH, TEXAS — Arizona-based developer Empire Group of Cos. has acquired 48 acres near North Riverside Drive and Golden Triangle Boulevard in Fort Worth for the construction of a build-to-rent residential project. Empire plans to develop Village at Golden Triangle, which will comprise 323 homes on 30 acres, and sell the remaining 18 acres, which are zoned for office and/or retail development. Homes will come in a mix of one-, two- and three-bedroom formats with private backyards, and residential amenities will include a pool, outdoor grilling areas, a fitness center, walking paths, community clubhouse and a dog park. Construction is set to begin in the first quarter of 2023. Details of the commercial component were not disclosed. Empire Group acquired the land for $16 million.
THE WOODLANDS, TEXAS — Cellipont Bioservices, a California-based biotechnology company specializing in cell therapy treatments, has signed a 76,245-square-foot life sciences lease in The Woodlands, located about 30 miles north of Houston. The facility will be constructed in phases from the ground up, with initial operations expected to commence during the first half of 2023. Zach Leger and Holden Rushing of NAI Partners represented the tenant in the lease negotiations. Dave Baker and Brian Buglione of JLL represented the landlord, Vitrian.
HOUSTON — CBRE has negotiated a 64,018-square-foot office lease at Westway Plaza, a 325,000-square-foot building located two miles northwest of Houston’s Energy Corridor. Kevin Saxe of CBRE represented the tenant, independent oil and gas provider Surge Energy, in the lease negotiations. Surge Energy is relocating from nearby Heron Lakes Office Park and adding 25,000 square feet to its corporate footprint. The move-in is scheduled for February 2023.
DALLAS — Lee & Associates has arranged a 38,353-square-foot industrial lease at 9755 Clifford Drive in North Dallas. According to LoopNet Inc., the property was built in 2001 and spans 114,400 square feet. Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, Link Industrial Properties, in the lease negotiations. The name and representative of the tenant were not disclosed.
WESTFIELD, IND. — TWG is underway on construction of Grand Park Village, a $57 million apartment development in Westfield, a northern suburb of Indianapolis. The project will consist of several buildings located directly south of Grand Park, a 400-acre youth and recreational sports complex. The 240-unit apartment community will feature amenities such as a dog park, fitness center, clubhouse, pool and grilling stations. Centier Bank provided project financing. Completion is slated for summer 2024.
BURNSVILLE, MINN. — The Connor Group has acquired RiZE on Grand in the Minneapolis suburb of Burnsville for an undisclosed price. The 275-unit apartment complex opened in 2021. Amenities include an outdoor pool, fitness center, game room, fire pits, rooftop deck and dog park. Keith Collins, Abe Appert and Ted Abramson of CBRE represented the seller, LeCesse Development Corp.
ROSHARON, TEXAS — Colliers has brokered the sale of a 10,575-square-foot industrial property in Rosharon, located south of Houston. Built in 2008, the crane-served complex consists of a main warehouse with office space, break rooms and a conference room, as well as a 1,200-square-foot outbuilding. Christopher Winters and Walter Menuet of Colliers represented the seller, Glenmorangie LLC, in the transaction. The buyer was not disclosed
COLUMBIA, MO. — JLL Capital Markets has brokered the sale of The Wylder, a 656-bed student housing community located near the University of Missouri in Columbia. Built in 1989 and renovated in 2000, The Wylder features a pool, study room, computer room, fitness center and sport courts. Teddy Leatherman, Stewart Hayes, Scott Clifton and Henry Voges of JLL represented the seller, Trimont Real Estate Advisors. Tailwind Group acquired the asset for an undisclosed price.
