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Galvanize Adds Orange County Industrial to Expanding PortfolioGalvanize Real Estate (GRE), the sustainable real estate strategy of Galvanize, has acquired a three-property, 280,000-square-foot industrial portfolio located in Orange County.
Owner-User Acquires NJ Cold Storage FacilityCushman & Wakefield arranged the $6-million sale of 609 10th St., an industrial and cold storage facility in Union City, NJ.
JLL IPT pays $90M for Worcester IndustrialJLL Income Property Trust (JLL IPT) has acquired Worcester Distribution Center, a Class A industrial building in the Western Boston submarket, for a purchase price of approximately $90 million. The seller was not disclosed.
Cushman & Wakefield Arranges $57M Sale of Industrial Facility in MarylandCushman & Wakefield arranged the $56.6 million sale of 8511 Pepco Place, a 202,976-square-foot industrial facility in Upper Marlboro, Maryland. Stockbridge acquired the property from TA Realty.
Representative imageCushman & Wakefield Negotiates $56.6M Sale of Industrial Facility in Upper Marlboro, MarylandUPPER MARLBORO, MD. — Cushman & Wakefield has negotiated the $56.6 million sale of a 202,976-square-foot industrial facility located at 8511 Pepco Place in Upper Marlboro, a suburb of Washington, D.C.
JV Acquires Hartford-Area Industrial with Long-Term TenantA joint venture comprising Regal Ventures, Snowball Developments and Devli Real Estate has acquired a 186,603-square-foot, single-tenant industrial asset located at 600 Day Hill Road in Windsor, CT, near Hartford’s Bradley International Airport.
Victoria Industrial Acquires Seven-Building Portfolio in Northern Virginia for $75MSTERLING, HERNDON AND CHANTILLY, VA. — Victoria Industrial Properties, a real estate investment firm based in New Jersey, has acquired a seven-building industrial and flex portfolio in Northern Virginia’s Dulles Corridor for $75 million.
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.
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.
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.
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 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.
Hendrie Lane JV Acquires Andover Manufacturing PortfolioHendrie Lane Capital, V12 Investments, and The Zaro Group acquired 3 & 6 Riverside Dr., a two-building, 170,771-square-foot research and development and advanced manufacturing portfolio in Andover, MA, for $43.5 million. The seller was Ciminelli Real Estate Corporation.
Representative imageMoody Rambin Arranges Sale of 33,000 SF Industrial Complex in HoustonHOUSTON — Locally based brokerage firm Moody Rambin has arranged the sale of Bennington Business Park, a 33,000-square-foot industrial complex located in the Independence Heights area of Houston.
JLL Arranges Sale of 500,406 SF Industrial Building Near IndianapolisMOORESVILLE, IND. — JLL Capital Markets has arranged the sale of Westpoint Business Park, Building IV, a 500,406-square-foot sustainable food packaging building in Mooresville near Indianapolis.
Lee & Associates Brokers $4.5M Land Sale for Industrial Development in Metro ChicagoFRANKLIN PARK, ILL. — Lee & Associates of Illinois has brokered the $4.5 million sale of 4 acres at 11330 W. Melrose Ave. in Franklin Park.
Suburban Manufacturing, R&D Property Sells For $43.5M: The Boston Deal SheetHendrie Lane Capital and its partners bought the Andover asset as part of a new strategy focused on manufacturing and research and development properties.