LAKE GENEVA, WIS. — The Barry Co. has arranged the sale of a 14,918-square-foot industrial building located off Highway 12 in Lake Geneva. The facility sits on the historic site of the former Sheridan Springs Bottling Works, known for its natural spring. Stout Development Group was the buyer. The site includes a detached 2,000-square-foot masonry garage.
AUSTIN, TEXAS — Holt Lunsford Commercial Investments (HLCI) has broken ground on Burleson Tech, a 632,354-square-foot industrial project in Austin. The site at 7051 Burleson Road is located about three miles outside of the downtown area, adjacent to Austin-Bergstrom International Airport. The development will feature four buildings that will range in size from 103,516 to 263,609 square feet. Three of the structures will have rear-load configurations and 32-foot clear heights, while the largest of the four buildings will feature a cross-dock layout and 36-foot clear heights. Completion is slated for mid-2026. Live Oak Real Estate is the leasing agent.
HOUSTON — A partnership between Denver-based investment firm Sagard Real Estate and the Ontario Teachers’ Pension Plan Board has purchased 225 Crossing Logistics Center, a 163,402-square-foot industrial facility located at 310 Beltway Green Blvd. in Pasadena, an eastern suburb of Houston. According to LoopNet Inc., the rear-load building was completed in 2024 and features 32-foot clear heights, 18 dock doors, 135-foot truck court depths and 2,376 square feet of speculative office space. The seller and sales price were not disclosed.
SOUTH BRUNSWICK, N.J. — San Francisco-based investment firm Terreno Realty Corp. has sold a 603,000-square-foot industrial property in South Brunswick, about 45 miles south of Manhattan, for $144.2 million. The property address was not disclosed. Terreno bought the original property consisting of 413,000 square feet in 2010 for $22.5 million. In 2013, Terreno acquired the adjacent land and expanded the building by 190,000 square feet. The buyer was also not disclosed.
PHILADELPHIA — Inland Real Estate Investment Corp. and Devon Self Storage, which are both part of The Inland Real Estate Group of Cos., have completed a redevelopment project at 5200 Unruh Ave. in northeast Philadelphia. The project converted the former Moulton Ladder Manufacturing Co. facility, which was first built in 1900 adjacent to the Delaware River, into a self-storage facility. The five-story building features 88,000 net rentable square feet of climate-controlled space across 932 units.
PHOENIX — Trammell Crow Co. (TCC) has broken ground on West 101 Logistics Center, a 1.1 million-square-foot industrial development in Phoenix. The five-building speculative project is slated for completion by summer 2026. Located at the southeast corner of Arizona State Route 101 and East Indian School Road, West 101 Logistics Center will include: All five buildings will include abundant auto parking and power, speculative office space, LED lighting, oversized end-cap grade-level doors, full HVAC implementation and freeway-fronting signage opportunities. Building 3 will feature a clear height of 36 feet, while the others will include a clear height of 32 feet. La Caisse (formerly CDPQ) is providing project debt. CBRE will lead marketing and leasing efforts for the entire development.
WAUKESHA, WIS. — CBRE has arranged the sale of Ridgeview Industrial Center IV in Waukesha for $10 million. Bentley Smith, Joe Horrigan, Ryan Bain, Zach Graham, Judd Welliver and Mike Caprile of CBRE represented the seller, Mohr Capital. Billy Mork, Mike Vannelli and Joel Torborg of CBRE arranged a five-year, fixed-rate acquisition loan on behalf of the buyer, Capital Partners. Located near the I-94 and Redford Boulevard intersection and minutes from Waukesha County Airport, the 89,405-square-foot facility was built in 2001 and renovated in 2021 and 2023. The building features a clear height of 22 feet, one drive-in door, 14 dock doors and a 316-stall parking lot. The asset was fully occupied at the time of sale with a 7.9-year weighted average lease term.
WEST CHICAGO AND BRIDGEVIEW, ILL. — Zenith Industrial Outdoor Storage (IOS) has acquired two facilities in metro Chicago: 1400 Powis Road in West Chicago and 9809 Industrial Drive in Bridgeview. Ikey Betesh of Meridian Capital Group as well as Frank Melchert, Matt Garland, Stevan Arandjelovic and Simon Porras of Cawley Commercial Real Estate sourced the two acquisitions for Zenith. The Cawley team has been retained as the leasing agent for the West Chicago property, which features a 67,500-square-foot warehouse with 5 acres of outdoor storage space.
ARLINGTON, TEXAS — A partnership between Dallas-based Sunwest Real Estate Group and regional investment firm AKRE Partners has purchased a 36,000-square-foot warehouse in Arlington. According to LoopNet Inc., the building at 1000–1008 N. Commercial Blvd. was constructed on 2.5 acres in 1980. The seller and sales price were not disclosed. The new ownership plans to implement a value-add program at the warehouse.
BELLEVILLE, N.J. — Locally based developer Lincoln Equities Group has completed a two-building, 204,407-square-foot industrial project in the Northern New Jersey community of Belleville. The site at 681 Main Street spans 15.2 acres, and the development consists of a 91,746-square-foot building and a 112,661-square-foot building, both of which feature clear heights of 36 feet. Combined, the buildings offer 43 dock doors, four drive-in doors and 4,732 square feet of office space. Lincoln Equities has tapped CBRE as the leasing agent.