Friday, December 19, 2025
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Industrial

Adamo Distribution Center
AcquisitionsFloridaIndustrialSoutheast

JLL Arranges $92.5M Sale of Industrial Portfolio in East Tampa

by Abby Cox

TAMPA, FLA. — JLL Capital Markets has arranged the sale of a nine-building portfolio located across two industrial parks in Tampa on the east side of the city’s central business district. East Capital Partners purchased the 492,957-square-foot portfolio for $92.5 million, according to the Tampa Bay Business Journal. Luis Castillo, Cody Brais and David Orta Jr. of JLL represented the seller in the transaction. Melissa Rose, Jovi Rodriguez and Duncan Miller, also with JLL, secured financing for the acquisition on behalf of the new owner. The portfolio spans 25.6 acres and includes Adamo Distribution Center and Commerce Distribution Center. The small-bay industrial parks were 94 percent leased at the time of sale to 28 tenants across multiple industries such as utilities, logistics, manufacturing, consumer goods, building materials, biotech, medical supplies and technology.

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hialeah-industrial-portfolio
AcquisitionsFloridaIndustrialLoansSoutheast

Basis Purchases Industrial Portfolio in Hialeah, Florida for $84.8M

by Abby Cox

HIALEAH, FLA. — Basis Industrial has purchased a portfolio of 42 small-bay industrial buildings totaling 396,135 square feet in Hialeah, a suburb of Miami, for $84.4 million. Jose Lobón of CBRE represented the seller, TA Realty, in the transaction. Anthony Scavo internally represented Basis Industrial. BankUnited and Seacoast Bank provided financing for the acquisition, while NexPoint Advisors provided more than $20 million of preferred equity. The portfolio includes 24 buildings totaling 282,000 square feet at West 31st Place, West 32nd Place and West 33rd Place; 17 buildings totaling 93,116 square feet in the east pocket at West 8th Court, West 27th Street and West 28th Street; and one 20,119-square-foot building at 7395 W. 18th Lane. The industrial buildings feature a mix of cross-dock and front-load configurations with dock-high and grade-level loading, 14- to 22-foot clear heights, with roughly 5 to 12 percent of the space dedicated to offices. The portfolio was 85 percent leased to 79 tenants at the time of sale in industries relating to home design and improvement, as well as many other small family-owned businesses. The average tenant size is approximately 4,280 square feet.

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AcquisitionsIndustrialTexas

BKM Capital Partners Buys 200,343 SF Industrial Portfolio in Dallas-Fort Worth, Houston

by Taylor Williams

DALLAS — BKM Capital Partners has purchased a portfolio of three industrial properties totaling 200,343 square feet in Texas. The properties include Plaza Circle II, which consists of 68,043 square feet across four buildings in Dallas-Fort Worth’s South Stemmons submarket; GSW Circle I, which comprises 73,600 square feet across five buildings in Grand Prairie; and Kinghurst Circle, which totals 58,700 square feet across two buildings in southwest Houston. Trent Agnew, Charlie Strauss, Tom Weber, Pauli Kerr, Lance Young, Brennan Fewin and Alex Fronterhouse of JLL represented the seller, California-based Circle Industrial, in the transaction. The portfolio was 98 percent leased at the time of sale.

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DevelopmentIllinoisIndustrialMidwest

Peak Construction to Build 119,408 SF Industrial Facility for Vista Trans in Huntley, Illinois

by Kristin Harlow

HUNTLEY, ILL. — Peak Construction Corp. will build a 119,408-square-foot industrial facility and subdivision infrastructure for trucking company Vista Trans in Huntley. The building will feature a clear height of 32 feet, eight docks, one drive-in door, 89 car parking spaces, 23 trailer stalls and 13,450 square feet of office space. The project team includes Harris Architects Inc. and RWG Engineering LLC. Completion is slated for the third quarter of 2026.

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AcquisitionsIndustrialNorth CarolinaSoutheast

Crescent Communities, Fortius Capital Sell 449,069 SF Industrial Facility in Charlotte Leased to Amazon

by John Nelson

CHARLOTTE, N.C. — Crescent Communities and Fortius Capital Partners have sold AXIAL Rapid Commerce, a 449,069-square-foot industrial facility located at 500 Rhyne Road in Charlotte. The owners recently signed Amazon to a full-building lease at the facility, which is situated within the 1.5 million-square-foot, 140-acre Rapid Commerce Park. Pacolet Milliken, the project’s limited partner, is purchasing the facility from Crescent Communities and Fortius Capital for an undisclosed price. The LEED-certified property features 3,850 square feet of office space, 338 automobile parking spaces, 106 trailer parking spaces, two drive-in doors, multiple storefronts, 36-foot clear heights and abundant dock doors.

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AcquisitionsIndustrialTexas

PHP Capital Partners Buys 115,000 SF Industrial Park in Irving

by Taylor Williams

IRVING, TEXAS — Fort Worth-based investment firm PHP Capital Partners has purchased Gateway Business Center, a 115,000-square-foot industrial park in Irving. The development consists of four buildings that house suites that range in size from 2,500 to 16,000 square feet. The seller and sales price were not disclosed. PHP Capital has tapped Property Advisers Realty Inc. as the leasing agent.

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DevelopmentIndustrialOfficeTexas

SIMFLO Opens 30,000 SF Industrial, Office Facility in Lubbock

by Taylor Williams

LUBBOCK, TEXAS —SIMFLO, a locally based provider of vertical and submersible turbine pumps, has opened a 30,000-square-foot industrial and office facility in the West Texas city of Lubbock. The facility functions as a quality control center for conducting inspections on all components not manufactured in-house and is part of SIMFLO’s existing corporate campus. The facility is expected to be fully operational by early to mid-January.

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IndustrialLeasing ActivityTexas

Bag Supply Co. Signs 18,000 SF Industrial Lease in East Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Bag Supply Co. LLC has signed an 18,000-square-foot industrial lease in East Fort Worth. The tenant is relocating from nearby Everman to the newly renovated building at 5911 E. Rosedale St. Cade Navarro of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Brett Carlton and Forrest Cook of Stream Realty Partners represented the undisclosed, Boston-based landlord.

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Keurig-Dr.-Pepper-Burlington-Massachusetts
AcquisitionsIndustrialMassachusettsNortheastOffice

Newmark Brokers $84.5M Sale of Keurig Dr Pepper Campus in Metro Boston

by Taylor Williams

BURLINGTON, MASS. — Newmark has arranged the $84.5 million sale of the 431,233-square-foot campus of Keurig Dr Pepper in Burlington, located north of Boston. The two-building campus was constructed in 2014 and consists of a 280,560-square-foot office building and a 150,673-square-foot research-and-development/manufacturing facility. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the seller, Peakstone Realty Trust, in the transaction. The team also procured the buyer, Montana Avenue Capital Partners.

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2470-Faraday-Ave-Carlsbad-CA
AcquisitionsCaliforniaIndustrialWestern

CBRE Arranges $22.1M Sale-Leaseback of Industrial Property in Carlsbad, California

by Amy Works

CARLSBAD, CALIF. — CBRE has brokered the $22.1 million sale-leaseback of 2470 Faraday Avenue, a 19.4-acre site in Carlsbad. BLT Enterprises acquired the asset from the seller, a global science and technology company. The site includes a 127,200-square-foot industrial research and development and manufacturing facility, which the seller will lease back. The facility features highly specialized lab and research and development space, as well as manufacturing and distribution space. The facility has been owned and operated by the seller since the mid-1970s. Hunter Rowe, Matt Carlson, Michael Longo, Eric Cox, Barbara Perrier, Joe Cesta and Brian Russell of CBRE represented the seller in the deal.

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