Tuesday, April 28, 2026
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Industrial

Constellation-Mills-Road-Houston
DevelopmentIndustrialTexas

Constellation Real Estate to Develop 422,452 SF Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Constellation Real Estate Partners will develop a 422,452-square-foot industrial project in northwest Houston. Constellation Mills Road will be situated on a 37-acre site at 8175–8225 Mills Road and will consist of one cross-dock building totaling 334,447 square feet and one front-loading building totaling 88,005 square feet. The buildings will feature 32- and 36-foot clear heights and combined parking for 268 cars and 91 trailers. Construction is scheduled to begin in July and to be complete in the second quarter of 2027. Constellation has tapped KBC Advisors as the leasing agent.

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IndustrialLeasing ActivityTexas

NTime Fleet Services Signs 17,884 SF Industrial Lease in Arlington

by Taylor Williams

ARLINGTON, TEXAS — NTime Fleet Services has signed a 17,884-square-foot industrial lease in Arlington. The provider of forklift services is taking space at the building at 3211-3227 E. Avenue E, which according to LoopNet Inc. was completed in 1963 and totals 56,500 square feet. Hudson Sheets of Holt Lunsford Commercial represented the tenant in the lease negotiations. Maddy Coffman and Walker Floyd, also with Holt Lunsford, represented the landlord, Taurus Investment Holdings.

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AcquisitionsIndustrialTexas

Partners Real Estate Brokers Sale of 10,350 SF Industrial Building in Humble, Texas

by Taylor Williams

HUMBLE, TEXAS — Partners Real Estate has brokered the sale of a 10,350-square-foot industrial building in Humble, a northern suburb of Houston. According to LoopNet Inc., the freestanding building at 19742 Carver Ave. was completed in 2024 and features 18-foot clear heights. Wyatt Huff and Hunter Stockard of Partners represented the seller, Mulla Properties LLC, in the transaction. The buyer, an entity doing business as #1 Tires & Auto Hub, also plans to occupy the building.

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AcquisitionsConnecticutIndustrialNortheast

JLL Brokers Sale of 641,631 SF Industrial Portfolio in Hartford County, Connecticut

by Taylor Williams

HARTFORD COUNTY, CONN. — JLL has brokered the sale of the New England Tradeport Shallow Bay Portfolio, a collection of nine industrial buildings totaling 641,631 square feet in Hartford County. The portfolio features an average building size of 71,292 square feet, average vintage of 1997 and an average clear height of 25 feet. John Huguenard, Michael Restivo, David Coffman, Tommy Hovey and Shawn McMahon of JLL represented the seller, INDUS Realty Trust, in the transaction. The buyer and sales price were not disclosed. The portfolio was 98 percent leased to 19 tenants at the time of sale.

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AcquisitionsIndustrialMississippiSoutheastTennessee

Provident Industrial Acquires 2.5 MSF Portfolio in Metro Memphis

by John Nelson

MEMPHIS, TENN. — Provident Industrial, a division of Dallas-based Provident, has acquired a 13-property industrial portfolio across the Memphis area totaling more than 2.5 million square feet. Case Van Lare and Christopher Martin led the Provident Industrial team in the transaction. The firm plans to hold the portfolio as a long-term investment opportunity. The seller and sales price were not disclosed, but the Memphis Business Journal reports that the seller was Blackstone Real Estate Income Trust Inc. and that 11 assets within Shelby County, Tenn., sold for $115 million. The outlet also reports that Provident Industrial purchased 33.7 acres in DeSoto County, Miss. Tenants within the portfolio include The Home Depot, UPS, Northstar and GXO, according to Memphis Business Journal.

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ATL-Small-Bay-Portfolio
GeorgiaIndustrialLoansSoutheast

JLL Arranges $35.7M in Financing for Seven-Building Industrial Complex in Atlanta

by Abby Cox

ATLANTA — JLL Capital Markets has arranged $35.7 million in financing for a seven-building shallow-bay industrial complex totaling 397,959 square feet in northeast Atlanta. Melissa Rose, Bobby Norwood, Nicole Diaz and Preston Bacon of JLL secured the loan through Synovus Bank on behalf of the borrower, Miami-based COFE Properties. Dubbed the Atlanta Small Bay Portfolio, the buildings range in size from 45,000 to 77,000 square feet, with an average tenant suite size of 8,650 square feet. The complex was 83.6 percent leased at the time of financing to 35 tenants spanning wholesale and distribution, specialty trades, logistics, construction and home improvement industries. In addition, the buildings feature 18- to 22-foot clear heights and flexible rear configurations with dock-high and drive-in capabilities designed for multi-tenant occupancy. COFE Properties plans to implement a capital improvements program with renovations such as building enhancements, site work and tenant space upgrades.

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Bridge-Point-Bayonne
DevelopmentIndustrialNew JerseyNortheast

Barings Provides $86.2M in Financing for Industrial Property in Bayonne, New Jersey

by Taylor Williams

BAYONNE, N.J. — Barings has provided $86.2 million in bridge financing for a 355,580-square-foot industrial property in the Northern New Jersey community of Bayonne. Bridge Point Bayonne was built in 2024 on a 17.6-acre site that is approximately 1.5 miles from the New Jersey Turnpike. Building features include a cross-dock configuration, clear height of 40 feet, 70 dock doors, four drive-in doors and parking for 213 cars and 56 trailers. Jon Mikula, Michael Klein, Michael Lachs and Kevin Badger of JLL arranged the floating-rate loan on behalf of the borrower, Kurv Industrial, the Chicago-based investment and development firm formerly known as Bridge Industrial.

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PSRS-Industrial-Grover-Beach-CA
CaliforniaIndustrialLoansWestern

PSRS Arranges $6M Refinancing for Industrial Property in Grover Beach, California

by Amy Works

GROVER BEACH, CALIF. — PSRS has arranged $6 million in refinancing for an industrial asset in Grover Beach. Situated on a 70,947-square-foot site, the property consists of two warehouses separated by a 40-space parking area. The buildings feature flexible, customizable layouts designed to support a wide range of tenant uses. Jacob Lee and Nathan Toomey of PSRS secured the loan, which features a 74 percent loan-to-value ratio and 25-year term structure, through one of PSRS’ correspondent life insurance companies.

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AcquisitionsIllinoisIndustrialMidwest

Venture One Acquires 122,601 SF Industrial Building in Waukegan, Illinois

by Kristin Harlow

WAUKEGAN, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 122,601-square-foot industrial building located at 3210 Oak Grove Ave. in Waukegan. The multi-tenant property was 66 percent leased at the time of sale. Constructed in 2006, the precast building is demised into three units. It features a clear height of 30 feet, 12 exterior docks, three drive-in doors, an ESFR sprinkler system and parking for more than 125 cars. The available unit is 41,838 square feet, including approximately 2,839 square feet of office space. Venture One plans to complete several improvements to the vacant unit, including office renovations, warehouse lighting and renovations to the bathroom and breakroom. Joe Horrigan, Zach Graham and Ryan Bain of CBRE represented the undisclosed seller. Whit Heitman and Jack Fitzpatrick of CBRE will market the property for lease. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

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Related-Digital-Michigan-Rendering
Data CentersDevelopmentIndustrialMichiganMidwestTop Stories

Related Digital Secures Financing for $16B Oracle Data Center Project in Michigan 

by Hayden Spiess

SALINE TOWNSHIP, MICH. — Data center development and investment platform Related Digital has secured financing for Oracle’s $16 billion project in Saline Township, roughly 50 miles southwest of Detroit.  Originally announced in October 2025, the development is being built for Oracle (NYSE: ORCL) as part of its partnership with OpenAI, an artificial intelligence (AI) research firm and operator best known for ChatGPT. In September 2025, OpenAI, Oracle and Softbank announced plans for the development of five new data centers as part of a $500 billion Stargate initiative.  Financing for the project includes equity from Related Digital and funds affiliated with Blackstone (NYSE: BX), as well as fixed-rate, long-term financing from PIMCO (Pacific Management Investment Co.)-managed funds and accounts. Bank of America served as the structuring agent and financial advisor, and Goldman Sachs and Wells Fargo are acting as advisors to Related Digital. According to Related Digital, the new Michigan data center will create 2,500 construction jobs, as well as 450 permanent onsite positions and 1,500 permanent jobs throughout the county. The project will also preserve 750 acres of open space, farmlands and wetlands. DTE Energy is fully supplying power for the project, using existing resources and a new battery storage investment financed entirely by …

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