Wednesday, July 2, 2025
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Industrial

IndustrialLeasing ActivityLouisianaSoutheast

Mapletree Investments Signs LifeScience Logistics to 625,000 SF Industrial Lease in South Memphis

by John Nelson

MEMPHIS, TENN. — Mapletree Investments has signed LifeScience Logistics, a healthcare supply chain firm, to a 625,000-square-foot industrial lease in Memphis. The facility is located at 5200 Tradeport Drive within Chickasaw Distribution Center on the city’s south side. Kemp Conrad of Cushman & Wakefield | Commercial Advisors represented the landlord in the lease negotiations, while Brian Monaghan and Bob Robers of Cushman & Wakefield represented the tenant. The property comprises 605,510 square feet of warehouse space and 19,490 square feet of office space, including a 13,475-square-foot main office and 6,015 square feet of space for shipping, receiving and satellite offices. The facility is situated within proximity to I-22, U.S. Route 78, the BNSF Intermodal and Memphis International Airport. The lease marks the entry into Tennessee for LifeScience Logistics, which is investing $23.2 million into the project and expects to create 101 new jobs. The tenant received a 10-year Fast Track PILOT from the City of Memphis and Shelby County’s Economic Development Growth Engine (EDGE) for the project.

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Fort-Worth-South-Business-Park
IndustrialLeasing ActivityTexas

NFI Signs 129,143 SF Industrial Lease at Fort Worth South Business Park

by Taylor Williams

FORT WORTH, TEXAS — National Distribution Centers (dba NFI) has signed a 129,143-square-foot industrial lease at Fort Worth South Business Park. The provider of third-party logistics services will occupy about half the space at Building 5 within the 320-acre, master-planned development, which is located 2.5 miles south of the I-20 and I-35 interchange. Will Carney, Nathan Lawrence and Krista Raymond of KBC Advisors represented NFI in the lease negotiations. Kyle Valley, Cameron Pybus and Nada Leanndra internally represented the landlord, California-based Majestic Realty Co., which owns the property in a joint venture with Hickman Cos.

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NCC-Broomfield-CO
ColoradoDevelopmentIndustrialWestern

Ryan Cos., PGIM Real Estate Complete 343,000 SF Northwest Commerce Center in Broomfield, Colorado

by Amy Works

BROOMFIELD, COLO. — Ryan Cos. and PGIM Real Estate, the $206 billion real estate investment and financing arm of Prudential Financial, on behalf of of its U.S. core-plus investment strategy, have completed Northwest Commerce Center in Broomfield. Situated within Verve Innovation Park and adjacent to Rocky Mountain Metropolitan Airport, the Class A industrial project offers more than 343,000 square feet spread across two buildings. Each building features a clear height of 32 feet, LED lighting, an ESFR sprinkler system and heavy power with 4000-amp electrical service. The project also includes 68 dock doors and 22 trailer parking stalls. Ryan Cos. built and developed the property. Carmon Hicks, Patrick McGettigan and Jason White of JLL have been retained to market and lease the project.

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IndustrialLeasing ActivityMichiganMidwest

KSI Auto Parts Signs 100,456 SF Industrial Lease in Romulus, Michigan

by Kristin Harlow

ROMULUS, MICH. — KSI Auto Parts has signed a lease for the entire 100,456 square feet of Building A within Airport Corporate Center in Romulus. Opus owns the development. KSI, a distributor of aftermarket collision automotive parts, maintains a small shipping center in the Detroit area. The Romulus facility marks the tenant’s first full inventory distribution center in the area. Airport Corporate Center is located one mile from I-94, three miles from the Detroit Metro Wayne County Airport and 20 miles from downtown Detroit. Building B remains available for lease and totals 170,088 square feet. Opus served as the developer, design-builder, architect and structural engineer on the project.

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AcquisitionsIndianaIndustrialMidwestSelf-Storage

Argus Arranges $7.4M Sale of Self-Storage Facility in West Lafayette, Indiana

by Kristin Harlow

WEST LAFAYETTE, IND. — Argus Self Storage Advisors has arranged the sale of an Extra Space Storage facility in West Lafayette for $7.4 million. Located at 2575 Cumberland Ave., the property features 56,950 net rentable square feet. The transaction included expansion land for an additional 30,000 square feet. Rob Schick of Argus represented the undisclosed seller. The asset was 94 percent leased at the time of sale.

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AcquisitionsIndustrialSelf-StorageTexas

Versal Negotiates Sale of 396-Unit Self-Storage Facility in Corpus Christi

by Taylor Williams

CORPUS CHRISTI, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of Fox Mini Storage, a 396-unit facility located at 5734 Wooldridge Road in Corpus Christi. The facility spans 46,375 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Corpus Christi-based Fox Tree & Landscape Nursery Inc., in the transaction. The team also procured the undisclosed, Fort-Worth based buyer.

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AcquisitionsDevelopmentIndustrialNortheastPennsylvaniaRetail

Sordoni Properties Buys Historic Industrial Building in Northeast Pennsylvania, Plans Redevelopment

by Taylor Williams

DALLAS, PA. — Local investment firm Sordoni Properties has purchased the former Offset Paperback factory in the northeastern Pennsylvania city of Dallas with plans to redevelop the historic industrial building. The sales price was $5.5 million. The 16-acre facility originally opened in 1948. Sordoni’s redevelopment will feature a supermarket, convenience store and restaurant, with fitness and medical uses also in consideration. Jeff Algatt of Colliers represented Sordoni in the transaction. 

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AcquisitionsCaliforniaIndustrialWestern

Terreno Realty Acquires Industrial Facility in Santa Ana, California for $49.5M

by Amy Works

SANTA ANA, CALIF. — Terreno Realty has purchased an industrial building located at 3500 W. MacArthur Blvd. in Santa Ana from an undisclosed seller for $49.5 million. Situated on 12 acres, the 134,000-square-foot property features seven dock-high and three grade-level landing positions. At the time of sale, the facility was fully occupied by a major home improvement retailer and operated as a retail location.

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1250-Simms-St-Lakewood-CO
AcquisitionsColoradoIndustrialWestern

Malman Real Estate Brokers Sale of 54,416 SF Industrial Property in Lakewood, Colorado

by Amy Works

LAKEWOOD, COLO. — Malman Real Estate has arranged the sale of 1250 Simms Street, an industrial property in Lakewood. An entity doing business as 1250 Simms LLC sold the asset to 1250 Simms St LLC and 1250 Simms St JP LLC for $7.2 million. At the time of sale, the 54,416-square-foot property was fully leased. Jake Malman of Malman Real Estate represented the seller, while Paul Cattin of Platinum CRE represented the buyer in the deal.

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AcquisitionsColoradoIndustrialWestern

John Propp Commercial Group Arranges $1.6M Sale of Industrial Building in Denver

by Amy Works

DENVER — John Propp Commercial Group has arranged the sale of an industrial building at 1448 W. Cedar Ave. in Denver. Five Quarters Farm LLC acquired the asset from Cedar Palms LLC for $1.6 million, or $248.97 per square foot. The 6,275-square-foot property features two suites and three overhead grade doors. John Propp of John Propp Commercial Group represented the seller, while Christian Dinsdale of SVR Real Estate represented the buyer in the transaction.

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