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Representative imageRockpoint Purchases 1 MSF Industrial Campus in Chester, VirginiaCHESTER, VA. — Boston-based Rockpoint, along with affiliate firm Rockpoint Industrial, has acquired Richmond Trade Center, a 1 million-square-foot industrial campus in Chester, a southern suburb of Richmond. The seller and sales price were not disclosed.
Bankrupt Pennsylvania City Gets Nearly $100M Injection, But Visions For Revitalization DivergeThere is disagreement over whether industrial or mixed-use should be prioritized in efforts to revitalize bankrupt Chester.
Blackstone Buys Power-Rich Sunnyvale Nvidia PlantBlackstone bought a 134,000-square-foot manufacturing plant in Sunnyvale for $95 million. Nvidia is a tenant in the building and will stay where they are. The property at 350 Cobalt Way was built in 1978 and upgraded in 2022. SFF Realty Partners was the seller.
Longpoint Pays $195M for 10-Building Miami-Area Warehouse PortfolioLongpoint Partners acquired a 10-building industrial portfolio in Miami-Dade County for $195 million. Brookfield Asset Management was the seller. The portfolio comprises 729,901 square feet on approximately 41.8 acres in established Miami industrial submarkets.
JLL Arranges $66.8M Refinancing for Industrial Development in Stuart, FloridaSTUART, FLORIDA — JLL Capital Markets has arranged a $66.8 million loan to refinance South Florida Gateway, a 987,184-square-foot industrial development located at 2400-2450 Southwest Gateway Place in Stuart, a coastal city about 40 miles north of West Palm Beach.
Representative imageRehrig Pacific Signs 127,789 SF Industrial Lease Renewal in Northwest DallasDALLAS — Rehrig Pacific Co. has signed a 127,789-square-foot industrial lease renewal in northwest Dallas. The provider of pallets, waste and recycling containers will remain a tenant at the building at 625 Mockingbird Lane.
FRP Development Delivers 170,800 SF Industrial Project in Hamilton, New JerseyHAMILTON, N.J. — FRP Development Corp., a subsidiary of FRP Holdings (NYSE: FRPH) has delivered Logistics Center at Hamilton, a 170,800-square-foot industrial project in Central New Jersey.
AEW Sells Industrial Park For $61M: The Los Angeles Deal SheetAEW sold a 200K SF business park in Walnut to CIP Real Estate for $60.7M. The JLL Capital Markets team facilitated the transaction.
Colliers Named Sale and Leasing Advisor for Oceanfront Innovation HubColliers has been retained as advisor for the sale and leasing of Enclave @ Carpinteria, a three-building, 121,230-square-foot advanced manufacturing and office/flex campus located at 6303-6309 Carpinteria Ave. on the Santa Barbara South Coast.
Blackstone Upsizes £1B Industrial Loan As Giant Platform Refinancing ContinuesBlackstone upsized the loan to refinance UK logistics assets after high investor demand.
SoftBank Forms JV With Industrial Vehicle Automation CompanySoftBank and Autonomous Solutions Inc. formed a JV to scale ASI’s AI-enabled construction equipment company.
JV Start Work on 1M-SF Haslet WarehouseA joint venture between NorthPoint Development, Olympus Ventures and a local family partnership has broken ground on a 1-million-square-foot industrial project in Haslet, about 25 miles north of Fort Worth.
BWE Secures Loan for 11-Building N. Colorado Industrial SaleBWE secured a $27.3 million loan to finance the acquisition of Prospect Innovation Campus, an 11-building, 226,461-square-foot light-industrial flex/R&D portfolio located in Fort Collins, Colorado. Ogilvie Partners was the seller. The buildings sold for $42 million.
Partnership Acquires Shuttered Mall in North Houston, Plans $150M Industrial RedevelopmentHOUSTON — A partnership between Dallas-based Lincoln Property Co. (LPC) and New York Life Investment Management has acquired a shuttered mall in North Houston with plans to implement a $150 million industrial redevelopment.
Representative imageCain Food Industries Signs 121,290 SF Industrial Lease in West DallasDALLAS — Cain Food Industries Inc. has signed a 121,290-square-foot industrial lease in West Dallas.
Representative imageCanTex Capital Buys 14,860 SF Warehouse in Haltom City, TexasHALTOM CITY, TEXAS — Local investment firm CanTex Capital has purchased a 14,860-square-foot warehouse in Haltom City, located north of Fort Worth. The building at 2504 Minnis Drive was constructed in 1978 and was vacant at the time of sale.
Aviation Repair Company Pays Nearly $30M for Doral WarehouseTranswestern brokered the acquisition of a 112,000-square-foot industrial property at 2100 NW 88 Court in Doral, Florida, for $29.5 million.
Representative imageBrennan Investment Group Acquires 136,744 SF Industrial Property in DenverDENVER — Brennan Investment Group has purchased 5050 Ironton, an industrial building on 8.7 acres within Montbello Industrial Park in Denver’s northeast industrial submarket. Terms of the transaction were not disclosed.
Darwin Investment Group Completes $130M Refinance of Industrial PortfolioDarwin Investment Group announced the completion of a $130 million refinancing of a 39-building industrial portfolio totaling more than 2 million square feet across the greater Chicago area and Southeast Wisconsin.
Joint Venture Breaks Ground on 1 MSF Industrial Project in Haslet, TexasHASLET, TEXAS — A joint venture between Kansas City-based NorthPoint Development, Olympus Ventures and a local family partnership has broken ground on a 1 million-square-foot industrial project in Haslet, about 25 miles north of Fort Worth.