Small Bay Daily - November 10 - Stream Realty Partners sells 2.7M SF industrial park in Houston, TX

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Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.

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NEWS ROUNDUP

DISPOSITION: Stream Realty Partners sells 2.7M SF industrial park in Houston, TX. Stream Realty Partners has facilitated the sale of Northwoods Industrial Park, located at 11919 FM 529 in Houston, Texas. The park features 64 buildings totaling 2.7M SF. The transaction marked the largest known industrial campus sale in the Greater Houston area. Jon Farris with Stream represented the seller, The Texas Development Co., and is currently marketing the property for lease. The buyers were Adkisson Group and PCCP, in a joint venture.

ACQUISITION: FirstLight Investments buys flex property in Charlotte, NC, for $11.75M. FirstLight Investments has entered the Charlotte, North Carolina, market with the acquisition of 1337-1338 Hundred Oaks Drive. The property features 2 buildings totaling 108,760 SF on 24.8 AC. McKee Thomason led the FirstLight deal team, which was represented in the deal by Matt Vanvick with Pintail. Matt Smith, Robert Hardaway, Alek Salfia, and Patrick Gildea with CBRE represented the seller, Griffin Partners.

DISPOSITION: Cushman & Wakefield sells North Atlanta Infill Portfolio. Cushman & Wakefield has facilitated the sale of 6205 and 6215 Shiloh Crossing in Alpharetta, Georgia, and 2915 Courtyards Drive in Peachtree Corners, Georgia. The portfolio features 3 multi-tenant buildings totaling 111,599 SF. Stewart Calhoun, Casey Masters, Andrew Stanford, Caleb Pallo, Abigail Cantlay, and Andrea Simon with CushWake represented the seller, Dalfen Industrial, in the transaction. The Dalfen deal team included Chris Segrest, Tim Thrall, and Desmond Taylor. Faropoint, led by Will Klinke and Dave Zealear, was the buyer.

DISPOSITION: ALIVE CRE sells small bay portfolio in Fresno, CA, for $3.15M. ALIVE Commercial Real Estate has facilitated the sale of 2889 North Larkin Avenue and 5645 East Westover Avenue in Fresno, California. The portfolio features 26,349 SF of multi-tenant industrial space and is 100% leased. The buyer was HK Sierra Ventures LLC. Trent Carvolth with ALIVE CRE deal team represented the seller in the transaction.

ACQUISITION: Wolf Capital Partners buys flex warehouse park in Houston metro. Wolf Capital Partners has acquired 11115 Mills Road in Cypress, Texas. The property includes 2 multi-tenant buildings totaling 50,700 SF. The Wolf Capital team is led by Zach Wolf, Anthony Heins, and Chiara Cappanera.

LEASE SIGNED: Coldwell Banker leases out small bay space in Fredericksburg, VA. Coldwell Banker has facilitated the leasing of 4,500 SF of industrial warehouse space at 500 Interstate Business Park in Fredericksburg, Virginia. Ryan Krause and Cameron Coleman with Coldwell Banker Commercial Elite represented the landlord in the transaction.

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SMALL BAY PROPERTIES FOR SALE

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FOR SALE AND LEASE | 1,900-38,800 SF | Can Be Combined | New Construction | Shell and Build-to-Suit | Available Mezzanines | Grade-Level Loading | 20’ Clear Height | 18’x14’ Overhead Doors | 100% AC | 200A 3-Phase Power | Warehouse LED Lighting | Gated Parking | Excellent Access and Maneuverability

50,000 SF | 4 Buildings | 14 Well-Diversified NNN Tenant Suites | 100% Leased with 7.0% In-Place Cap Rate | 3 Miles from I-85 | 2000-2004 Construction | 10’x10’ Dock-High and 14’x12’ Van-High Doors

22,903 SF | 9 Units | Diverse Tenant Mix | Existing Below-Market Leases | Configured for Warehouse/Service Users | Immediate Access to I-80

SMALL BAY PROPERTIES FOR LEASE

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FOR SUBLEASE: 10,759 SF | 9,761 SF of Warehouse and 998 SF of Finished Office with Restroom | Warehouse Split Across Connected Bays of 4,738 SF, 2,228 SF, 1,877 SF, and 918 SF | Ideal for Contractor Who Needs to Receive and Store Materials, Such as Fencing, Electrical, Pool, or HVAC | Close to I-85, I-285 (Spaghetti Junction), Peachtree Industrial Boulevard, and Buford Highway | About 20 Minutes to Downtown Atlanta | Rental Rate: $8,500/Mo.

2,000 SF Available | 15’ Ceiling Height | 13’ Bay Door | Private Bathroom | Separately Metered Utilities | New Roof and Fresh Paint

6,422 SF Available | 22’ Clear Height | Grade-Level Loading | Insulated Ceilings | Fire Sprinklered | Locally Owned and Managed | Well-Maintained, Professional Setting | Convenient Access to I-5 and Highway 99

ONE MORE THING

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