Industrial

Mapletree Begins Development of Two Industrial Facilities in Metro Chicago Totaling 461,406 SF

by Kristin Harlow October 31, 2025

BARTLETT AND JOLIET, ILL. — Mapletree Investments has broken ground on two industrial facilities in metro Chicago. The projects are located at 1360 Schiferl Road in Bartlett and 3600 Houbolt Road (formerly 23551 Vetter Road) in Joliet. Completion is slated for summer 2026. The Bartlett Commerce Center will total 149,100 square feet within the Brewster Creek Business Park. It will be located on an 8.2-acre parcel adjacent to Mapletree’s existing 400,000-square-foot warehouse. Plans call for a clear height of 36 feet, 42 dock doors, two drive-in doors and 181 car parking spaces. Morgan/Harbour Construction is the general contractor. Ryan O’Leary, Jonathan Postweiler and Jeff Fischer of KBC Advisors are overseeing leasing. Situated along the I-80 and I-55 interchange, the 18.1-acre project in Joliet provides direct connectivity to the Joliet Intermodal Center. Upon delivery, the 312,306-square-foot warehouse will meet LEED Silver standards and include a clear height of 40 feet, 59 dock doors, 76 trailer stalls and 204 parking stalls. Keeley Construction is the general contractor. Sean Henrick and Jason West of Cushman & Wakefield are overseeing leasing efforts.

October 31, 2025

Acquisitions Industrial Southeast Virginia

Crescent Communities Sells 500,000 SF Industrial Property in Metro Richmond to LaSalle

by John Nelson October 30, 2025

COLONIAL HEIGHTS, VA. — Charlotte-based Crescent Communities has sold AXIAL Gateway 95, an industrial property located at 16401 Walthall Industrial Parkway in Colonial Heights, a city near Richmond in Chesterfield County. The property spans more than 500,000 square feet and was fully leased at the time of sale to Hillphoenix, a subsidiary of Dover Food Retail and a leading manufacturer of commercial refrigeration systems. JLL represented Crescent Communities in the sale. LaSalle Investment Management purchased the asset for an undisclosed price. Hillphoenix’s investment at AXIAL Gateway 95 is expected to add more than 320 new jobs to the region. Financial partners for AXIAL Gateway 95 included Kyuden Urban Development America LLC, the U.S. subsidiary of Kyushu Electric Power Co. Inc. (equity) and Santander Bank (lender). The design-build team included DMA Architecture (architect), Timmons Group (civil engineer), KBD Group (general contractor) and JLL (leasing agent and capital markets advisor).

October 30, 2025

Industrial Loans New York Northeast Walker & Dunlop

Walker & Dunlop Arranges $45M Bridge Loan for Industrial Property in Valley Cottage, New York

by Taylor Williams October 30, 2025

VALLEY COTTAGE, N.Y. — Walker & Dunlop has arranged a $45 million bridge loan for the refinancing of Lincoln Logistics Center, a roughly 220,000-square-foot industrial property in Valley Cottage, about 30 miles north of New York City. The facility sits on a nearly 20-acre site and features a clear height of 36 feet, 34 loading dock doors, two drive-in doors and 123 car parking spaces foot clear heights. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the loan on behalf of the owner, a joint venture between PCCP LLC and Lincoln Equities Group. Rialto Capital Management provided the financing.

October 30, 2025

Acquisitions Industrial Texas

MAG Capital Partners Buys 37,000 SF Industrial Facility in West Houston

by Taylor Williams October 30, 2025

HOUSTON — MAG Capital Partners has purchased a 37,000-square-foot industrial facility at 1187-1189 Brittmoore Road in West Houston that will serve as the new headquarters for Nessco Group Holdings Ltd., a telecommunications company that serves the energy sector. The two-building facility includes 24-foot clear heights, oversized grade-level doors and office space. Thompson Green of CBRE represented the seller, an undisclosed private investment group, in the transaction. MAG Capital Partners bought Nessco in late 2024.

October 30, 2025

Acquisitions Industrial Washington Western

CBRE Negotiates Sale of 458,707 SF Logistics Property in Seattle’s SeaTac Region

by Amy Works October 30, 2025

BURIEN, WASH. — CBRE has negotiated the sale of Seattle Gateway I and II, two Class A logistics facilities in Burien. Totaling 458,707 square feet, the assets are located at 14237 Des Moines Way South and 1021 S. 146th St. The property is located directly north of SeaTac International Airport and offers immediate access to state routes 518 and 509. Constructed in 2018 by Panattoni, the facilities feature flexible suite configurations for tenants ranging from 50,000 square feet to 250,000 square feet, 30- to 36-foot clear heights, ESFR sprinklers, LED lighting, 1,200 to 2,000 amps of power, 86 dock-high doors and 130- to 233-foot truck courts. At the time of sale, the portfolio was fully leased to four tenants. Brett Hartzell and Chris Reeves of CBRE represented the seller in the deal. Terms of the transaction were not disclosed.

October 30, 2025

Acquisitions Illinois Industrial Midwest

Greenstone Partners Brokers $6.2M Sale of Industrial Property in Downers Grove, Illinois

by Kristin Harlow October 30, 2025

DOWNERS GROVE, ILL. — Greenstone Partners has brokered the $6.2 million sale of a multi-tenant flex industrial building in the Chicago suburb of Downers Grove. Located in DuPage County near I-88 and I-355, the property traded for $128 per square foot. The asset is fully leased to tenants such as LPMS USA, BTI Communications Group, Affiliated Customer Service Inc. and Advocate Home Health Services. Advocate and Affiliated have occupied the property for more than 25 years and together represent 50 percent of the building’s square footage. The property’s weighted average lease term is five years. Ownership has invested more than $770,000 in capital improvements since 2020, including a full roof replacement, parking lot milling and repaving, tuckpointing, regrading, landscaping upgrades, new paint and several new HVAC units. Jason St. John of Greenstone represented the seller, a locally based investment partnership, and procured the buyer, an East Coast-based investment group. The asset sold for 98 percent of the list price.

October 30, 2025

Acquisitions Industrial Texas

Partners Real Estate Brokers Sale of 50,532 SF Industrial Outdoor Storage Facility in Katy, Texas

by Taylor Williams October 29, 2025

KATY, TEXAS — Partners Real Estate has brokered the sale of a 50,532-square-foot industrial outdoor storage facility in the western Houston suburb of Katy. The site at 29315 Highway Blvd. spans 44.6 acres. Hunter Stockard and Wyatt Huff of Partners represented the seller, BioUrja, in the transaction. The buyer was Chicago-based private equity real estate firm Timber Hill Group.

October 29, 2025

Acquisitions Industrial New Jersey Northeast

CBRE Brokers $6.9M Sale of Industrial Outdoor Storage Facility in Morganville, New Jersey

by Taylor Williams October 29, 2025

MORGANVILLE, N.J. — CBRE has brokered the $6.9 million sale of an industrial outdoor storage (IOS) facility in the Central New Jersey community of Morganville. The 21,000-square-foot facility at 173 Amboy Road was originally constructed in 1988, and the property includes 4.8 acres of outdoor storage space. Liam McGregor, Mark Silverman, Brian Fiumara and Elli Klapper of CBRE represented the buyer, private industrial investment firm Genesis, in the off-market transaction. The seller was not disclosed.

October 29, 2025

Industrial Leasing Activity Northeast Pennsylvania

Kerry Group to Open 48,000 SF Manufacturing Facility in Hanover, Pennsylvania

by Taylor Williams October 29, 2025

HANOVER, PA. — Kerry Group, an Irish food-and-beverage company, will open a 48,000-square-foot manufacturing facility in the Lehigh Valley city of Hanover. Kerry has leased a building that was formerly occupied by beverage maker Martin Bauer Group with plans to use the facility for coffee roasting and extraction. Kerry expects the facility to create about 60 new jobs in addition to 16 positions that will be retained from the previous operation. The opening is set for some time next year.

October 29, 2025

Acquisitions Industrial Self-Storage Utah Western

Joint Venture Sells 88,015 SF Self-Storage Facility in Lehi, Utah

by Amy Works October 29, 2025

LEHI, UTAH — A joint venture between Gardner Group, a Salt Lake City-based full-service commercial real estate development and management company, and Management Elevated, a Utah-based self-storage third-party manager and consulting firm, has completed the sale of Saratoga Storage, a 676-unit self-storage facility in Lehi. Constructed in 2023, Saratoga Storage consists of three single-story buildings with 100 drive-up units. The property offers a gated entry with a digital keypad, a separate onsite management office in front of the entrance gate, a 24/7 video surveillance throughout the facility, asphalt driveways and units with roll-up doors. Jordan Farrer and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap represented the seller in the transaction.

October 29, 2025

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