Denholtz Properties, a Red Bank-based commercial real estate investment and development company, said on Wednesday that it signed a 31,760-square-foot lease with OTC Industrial Technologies at Clovis Crossing, a newly constructed, two-building, 213,125-square-foot industrial property at 1603 Clovis R Barker Road in San Marcos, Texas.
Acquired by Denholtz in early 2024 as a key piece of its continued national expansion, Clovis Crossing is located on a 13-acre site approximately 30 miles from both Austin and San Antonio. Both of the brand-new Class-A, shallow-bay industrial buildings boast 32’ clear ceiling heights and rear load configurations making them ideally suited for a wide range of tenants.
Headquartered in Columbus, Ohio, OTC Industrial Technologies is a one-stop supplier of comprehensive industrial and manufacturing solutions. With over 60 locations across 40 states, the company offers products from more than 40 leading brands. Its lease at Clovis Crossing will support the expansion of OTC Industrial Technologies’ growing filtration division. As one of the largest filter suppliers in the industry, the company will use the space for warehousing and distribution of its extensive range of HVAC filters, liquid filters, and filter media to customers nationwide.
“The Austin-San Antonio Corridor’s rapid population growth, diverse economic base and excellent regional connectivity continue to position it as one of the nation’s fastest-growing industrial markets,” Jordan Wean, director of leasing and business development, Denholtz Properties, said. “We’re thrilled to have secured our first lease in Texas and are confident that Clovis Crossing will remain a highly attractive destination for businesses in this thriving market for years to come.”
Denholtz’s acquisition of Clovis Crossing highlights the continued expansion of its national industrial portfolio. Earlier in 2024, the firm also acquired the Lehigh Valley Portfolio, an 18-building, 723,734-square-foot flex/industrial portfolio spread across Allentown and Bethlehem. Over the past several years, Denholtz Properties also entered the Savannah, Ga. market with the acquisition of the three-building, 358,884-square-foot Coleman Industrial Portfolio and acquired two industrial assets to grow its presence in North Carolina – 9201 Forsyth Drive, a 53,811 square-foot industrial property in Charlotte and Interstate Commerce Park, a five-building, 218,570-square-foot industrial portfolio in Greensboro.
Transwestern’s Carter Thurmond, Nash Frisbie and Bailey Sousa represented Denholtz Properties and Colliers’ Shane Woloshan, Nolan Babb, Travis Hicks, Chase Clancy and Michael Modesett represented OTC Industrial Technologies in the transaction.
