The lineup has Bradford Cos. as the developer, Realty CapitalPartners Inc. drumming up equity investors and Carter FoundationProduction Co., led by American Oil & Gas Co., kicking in theacreage. The first JV project, 120,000 sf in two buildings, willbreak ground in January 2005 and deliver in midsummer, KevinSantaularia, Bradford's president, tells GlobeSt.com. The triointends to develop buildings in the $5-million to $10-million rangefor users needing 10,000 sf to 50,000 sf, he says.

Carter Industrial Park, established in 1968 at the junction ofInterstates 35W and 20, is a mix of predominately owner/user boxesranging from 24,000 sf for American Animal Health to 1.1 million sffor Miller Brewing Co. of Milwaukee, one of the park's pioneers. Asthe small-user industrial play takes root, the park owner's landsales team, Mereken Land & Production Co., is hawking sevensites for 496,000 sf of retail development to accessorize adevelopment with facilities for 32 corporations and 8,000 workersstreaming in and out each day. The dirt is priced at $12 per sf fora hard corner and $9 per sf negotiable for surrounding land.

To fund the first project, Realty Capital's new team, BrynJepson and Meg Davis, has brought to market an investment op withan estimated annual compounded rate of return of about 21% for atwo-year hold. The capital drive sets a Nov. 12 buy-in date for$5,000 minimum investments.