Industrial

John Deere to Open Two New Industrial Facilities in Indiana, North Carolina

by Hayden Spiess January 29, 2026

HEBRON, IND. AND KERNERSVILLE, N.C. — Agricultural and construction machinery company John Deere (NYSE: DE) plans to open two new industrial facilities in the United States. The developments include a distribution center near Hebron, Ind., and a manufacturing campus in Kernersville, N.C. John Deere recently broke ground on the 234-acre Indiana facility, which is designed to streamline operations and ensure timely delivery of equipment and parts. John Deere plans to invest $125 million to equip and development the 1.2 million-square-foot project, which is situated just off I-65. According to the company, the project is expected to create roughly 150 jobs in the state. John Deere also operates its primary North American parts distribution center in the Midwest region in Milan, Ill. That facility has been in operation since 1973 and employs roughly 1,200 people. In Kernersville, a new $70 million manufacturing center will produce excavators for the construction market, assuming production activity that was previously conducted in Japan. The campus total approximately 400,000 square feet and will employ more than 150 people. “We are excited to bring this new facility to our Kernersville campus and to be part of the region’s thriving manufacturing community,” said Ryan Campbell, president of worldwide …

January 29, 2026

Company News Industrial Massachusetts New York Northeast

Makarora, Ares Complete $2.1B Acquisition of Plymouth Industrial REIT

by Taylor Williams January 28, 2026

NEW YORK CITY AND BOSTON — Affiliates of New York City-based investment firm Makarora Management and global investment firm Ares Management Corp. (NYSE: ARE) have completed the $2.1 billion, all-cash acquisition of Boston-based Plymouth Industrial REIT. Under the terms of the deal, which was announced last fall, Plymouth shareholders will receive $22 for each share of common stock they own, and Plymouth will no longer be traded or listed on any public securities exchange. The transaction also calls for the acquiring entities to assume certain pieces of Plymouth’s outstanding debt. The purchase price represents a premium of approximately 50 percent to Plymouth’s unaffected closing common stock price on August 18, 2025. That date marks the last trading day prior to the filing of a Schedule 13D by affiliates of Sixth Street Partners LLC disclosing a nonbinding proposal to acquire all of the outstanding shares of Plymouth’s common stock.

January 28, 2026

206-Logistics-Center-Pemberton-New-Jersey

Development Industrial New Jersey Northeast

Rockefeller Group to Develop 486,850 SF Industrial Project in Pemberton, New Jersey

by Taylor Williams January 28, 2026

PEMBERTON, N.J. — New York City-based Rockefeller Group will develop a 486,850-square-foot industrial project in Pemberton, located about 35 miles east of Philadelphia. The site spans 100 acres at 2554 U.S. Route 206, and the two-building development will be known as 206 Logistics Center. Building features will include clear heights of 36 to 40 feet, ESFR sprinkler systems and “ample” trailer parking. A construction timeline was not announced. Jonathan Klear and Fred Meyer of NAI Mertz represented Rockefeller Group in its acquisition of the land. NAI Mertz has also been retained to market the project for lease, sale and/or build-to-suit opportunities.

January 28, 2026

Acquisitions Industrial Kentucky Southeast

Brennan Acquires 56,000 SF Industrial Facility in Hebron, Kentucky in Sale-Leaseback Deal

by John Nelson January 28, 2026

HEBRON, KY. — Brennan Investment Group has acquired a 56,000-square-foot industrial facility located at 1010 Petersburg Road in Hebron, about two miles south of Cincinnati/Northern Kentucky International Airport. The facility is situated on more than five acres within Airpark International Corridor, a master-planned industrial park. The Chicago-based investment firm purchased the facility in a sale-leaseback deal with the tenant, a rubber and plastics manufacturer that has occupied the facility for more than 10 years. The sales price and lease terms were not disclosed.

January 28, 2026

Acquisitions Industrial Midwest Wisconsin

Barry Co. Brokers Sale of 248,098 SF Warehouse Formerly Occupied by Jelly Belly in Southeast Wisconsin

by Kristin Harlow January 28, 2026

PLEASANT PRAIRIE, WIS. — The Barry Co. has brokered the sale of the former warehouse and retail facility for Jelly Belly in Pleasant Prairie. The candy company closed its operations at the property in 2020. The facility is now occupied by Rust-Oleum and SMT Packaging, tenants that were procured by Barry Co. after Jelly Belly moved. Kevin Barry and David Buckley of Barry Co. represented the undisclosed seller. The buyer was 9th and Main LLC.

January 28, 2026

Development Industrial New Jersey Northeast

Hillwood Breaks Ground on Spec Industrial Project in Hamilton, New Jersey

by Taylor Williams January 27, 2026

HAMILTON, N.J. — Texas-based developer Hillwood has broken ground on a speculative industrial project in Hamilton, located outside of Trenton in Central New Jersey. The square footage was not disclosed. The 36-acre site at 2772 Kuser Road is located less than two miles from Exit 7A off the New Jersey Turnpike, and the building will feature a clear height of 36 feet. Completion is slated for the third quarter. Cushman & Wakefield has been named as the leasing agent.

January 27, 2026

Acquisitions Indiana Industrial Midwest

Denholtz Acquires 133,200 SF Shallow-Bay Industrial Portfolio in Indianapolis

by Kristin Harlow January 27, 2026

INDIANAPOLIS — Denholtz has acquired Park Elmwood Industrial Park, a four-building, 133,200-square-foot shallow-bay industrial portfolio in Indianapolis. The deal marks New Jersey-based Denholtz’s entrance into the Indiana market. Built in 1978, Park Elmwood is situated on 9.5 acres and features up to 16-foot clear heights, a full wet sprinkler system, 44 dock doors and 47 drive-in doors. Units range from 1,200 to 3,000 square feet. Alex Davenport and Alex Cantu of Colliers represented the seller, while Denholtz was self-represented.

January 27, 2026

Colorado Features Hospitality Industrial Multifamily Office Retail Self-Storage Seniors Housing Western Western Feature Archive

Real Estate Industry Displays ‘Uneven Performance’ Heading Into 2026, Says Valuation Firm IRR

by John Nelson January 27, 2026

DENVER — The U.S. commercial real estate industry is currently experiencing a mixed bag of demand generators and property-level performance, according to Integra Realty Resources (IRR), a commercial real estate valuation services firm based in Denver. IRR’s conclusions are expanded in Viewpoint 2026, the 33rd edition of the firm’s commercial real estate trends report. “As we enter 2026, we see that the economic environment is becoming more stable, but growth is slower and visibility remains limited,” says Nick Luettke, economist at Moody’s Analytics. “Inflation has eased from recent peaks and interest rates have started to trend lower, however, borrowing costs remain elevated relative to prior cycles. With labor markets softening and policy uncertainty still at play, economic conditions are supportive in some areas but restrictive in others, contributing to uneven performance across the U.S. commercial real estate market.” IRR partnered with Luettke for the macro-economic trends within the report and sought contributions from nearly 600 valuation advisors in the United States and Caribbean. The report delivers sector-specific insights along with three specialty property reports on healthcare and seniors housing, quick-service restaurants and self-storage. Some key findings and forecasts from the main report include: the sustained poor fundamentals within the highly fragmented …

January 27, 2026

California Industrial Market Reports Western Western Market Reports

Repositioning Opens the Door to New Possibilities in Inland Empire’s Industrial Market

by John Nelson January 27, 2026

— By Richard Schwartz of SRS Real Estate Partners — The Inland Empire industrial market has undergone significant recalibration over the past 24 months, moving from the “too hot” environment of 2022 and 2023 marked by record construction and rent escalation to a period of normalization. Construction-driven vacancy has pushed the market into a digestion phase, marked by softening rents, adjusting sale prices and a reset in landlord-tenant expectations. These dynamics will unlock new opportunities as we enter 2026. Limited New Development Creates Breathing Room CoStar data compiled by SRS shows that new construction peaked in 2023 with about 29.5 million square feet delivered. This was followed by 17.8 million square feet in 2024 and an expected 16 million square feet in 2025. Deliveries are projected to fall to roughly 10 million square feet in 2026, making it the lightest post-pandemic year of new supply. This delivery includes several notable projects, such as Amazon’s 2.5-million-square-foot “middle-mile” facility in Hesperia, a 650,000-square- foot storage facility in Desert Hot Springs and a 1.2-million-square-foot facility in Apple Valley that’s leased to Lecangs. This means that more than half of the Inland Empire’s 2026 construction pipeline is already pre-leased, reducing speculative exposure while accelerating the rise …

January 27, 2026

Acquisitions Arizona Industrial Western

EQT Real Estate Buys 663,367 SF Industrial Facility in Glendale, Arizona

by Amy Works January 26, 2026

GLENDALE, ARIZ. — EQT Real Estate has acquired Commerce @ 303, a Class A industrial property and adjacent entitled, shovel-ready 32.6-acre development site at 5215 N. Alsup Road in Glendale, from New York Life Real Estate Investors and SteelWave for an undisclosed price. Developed by SteelWave, Commerce @ 303 features a 663,367-square-foot, cross-dock industrial facility. Built in 2022, the facility is currently fully leased to two third-party logistics providers. The adjacent parcel is a shovel-ready site, allowing for the development of a 497,2354-square-foot industrial facility, enabling the construction of a nearly 1.2 million-square-foot industrial campus. EQT plans to begin construction on a speculative building on the development site with an estimated delivery date of fourth-quarter 2026. Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren of Cushman & Wakefield handled the transaction.

January 26, 2026

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