Industrial

JLL Arranges Loan for Refinancing of Industrial Complex in San Marcos, Texas

by Taylor Williams August 28, 2026

SAN MARCOS, TEXAS — JLL has arranged a bridge loan of an undisclosed amount for the refinancing of Clovis Crossing, a 213,125-square-foot industrial complex in San Marcos, located roughly midway between Austin and San Antonio. The two-building, 13.8-acre property features 32-foot clear heights, 60 dock doors, four drive-in ramps and 233 car parking spaces. Michael Klein, Jon Mikula, Michael Johnson, Nazario Paragano and John Beeler of JLL arranged the loan through Argentic Investment Management. The borrower, New Jersey-based investment firm Denholtz Properties, purchased Clovis Crossing in 2024.

August 28, 2026

Industrial Leasing Activity Texas

Kent Cos. Signs 39,894 SF Industrial Lease in Northeast Austin

by Taylor Williams August 28, 2026

AUSTIN, TEXAS — Kent Cos. has signed a 39,894-square-foot industrial lease in northeast Austin. The Michigan-based provider of specialty concrete services will relocate and expand its regional operation to Tuscany X Crossing Business Park, a 329,627-square-foot industrial development located two miles north of I-35. Luke Clardy of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Blake Patterson of Aquila Commercial represented the landlord, Brookfield Properties.

August 28, 2026

Acquisitions Industrial Michigan Midwest

Phoenix Investors’ Affiliate Acquires 1.8 MSF Industrial Complex in Saginaw, Michigan

by Matthew Auchincloss August 28, 2026

SAGINAW, MICHIGAN — An affiliate of Phoenix Investors, a company specializing in revitalizing former manufacturing sites, has acquired a three-building, 1.8 million-square-foot industrial complex in Buena Vista Charter Township, which borders the city of Saginaw, from international auto supplier Nexteer Automotive. The sales price was not disclosed. The three buildings are known locally as Plants 5, 6/1 and 7. Nexteer will continue to occupy nearly 1.3 million square feet across Plants 6/1 and 7, and those facilities are expected to continue operating as normal during the transition period. Approximately 552,000 square feet in Plant 5 is currently available for lease. As of January 2026, the portfolio of Milwaukee, Wis.-based Phoenix Investors totaled 85 million square feet spanning 27 states.

August 28, 2026

Acquisitions California Industrial Western

CBRE Brokers $87.5M Sale of Nine-Building Industrial Portfolio in Benicia, California

by Amy Works August 28, 2026

BENICIA, CALIF. — CBRE has brokered the $87.5 million sale of a nine-building industrial portfolio in Benecia, part of the San Francisco Bay Area. NorthPoint Development purchased the buildings, which are located within Benicia Industrial Park, and include Benicia Commerce Center I and II at 6200-6850 Goodyear Road and Benicia Industrial Way at 5301-5341 Industrial Way. At the time of sale, the portfolio was fully leased to 19 tenants that have occupied space at the park for an average of nearly 15 years. The tenant roster is subject to below-market rents, staggered lease expirations and a weighted average lease term of roughly 3.4 years, according to the deal term. Rebecca Perlmutter and Brian Russel of CBRE National Partners West, along with Tony Binswanger, Bo Harkins and Brooks Pedder of CBRE’s Walnut Creek, Calif., office represented the seller in the deal. Steve Roth, Val Achtemeier and David Milestone of CBRE Capital Markets’ Debt & Structured Finance arranged the buyer’s financing.

August 28, 2026

Acquisitions Industrial New York Northeast

Marcus & Millichap Brokers $10.3M Sale of Bronx Industrial Building

by Taylor Williams August 28, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $10.3 million sale of a 9,200-square-foot industrial building in The Bronx. The building at 935 Garrison Ave. is located within a Qualified Opportunity Zone and was fully vacant at the time of sale. According to LoopNet Inc., the building was constructed in 1949 and features a clear height of 16 feet, as well as both dock-high and grade-level doors. Jakub Nowak, Steven Siegel and Michael Maldonado of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

August 28, 2026

Georgia Industrial Leasing Activity Southeast

Parts Town Unlimited Signs 538,450 SF Industrial Lease in Pendergrass, Georgia

by Abby Cox August 28, 2026

PENDERGRASS, GA. — Parts Town Unlimited has signed a 538,450-square-foot, full-building lease at Jackson 85 North Business Park in Pendergrass, about 57 miles northeast of Atlanta via I-85. The owner is a joint venture between affiliates Trammell Crow Co. (TCC) and CBRE Investment Management, which is acting as a landlord on behalf of a fund it manages. Parts Town Unlimited is a global parent company and distributor of original equipment manufacturer replacement parts for the food service, residential appliance and HVAC industries. The firm will move into Building One by the end of the year. The facility will be the company’s largest fulfillment center to date, according to TCC. Phase I of Jackson 85 North features two speculative warehouse buildings totaling more than 1.5 million square feet across 215 acres. Both cross-dock warehouses include 40-foot clear heights, 185-foot concrete truck courts, abundant trailer and car parking spaces, more than 290 dock door positions, four drive-in ramps and a 3,900-square-foot air-conditioned office area. The buildings also feature a roofing system that can accommodate future solar panels, ample electrical service and an ESFR fire protection system.

August 28, 2026

Industrial Leasing Activity Massachusetts Northeast

Frontrunner Bus Group Signs 88,000 SF Industrial Lease in Billerica, Massachusetts

by Taylor Williams August 28, 2026

BILLERICA, MASS. — Frontrunner Bus Group has signed an 88,000-square-foot industrial lease in Billerica, a northern suburb of Boston. The provider of bussing services plans to relocate its headquarters to the 136,421-square-foot building at 23 Esquire Road, which includes 20,000 square feet of office space. Newmark represented the tenant in the lease negotiations. Dan Driscoll, Greg Klemmer, Tim Brodigan, Anne Coe and Will Torrence of Colliers represented the landlord, a partnership between two local real estate companies, Marcus Partners and Rhino Capital Advisors.

August 28, 2026

Development Industrial North Carolina Southeast

Merritt Properties Breaks Ground on 150-Acre Industrial Park Near Raleigh-Durham Airport

by John Nelson August 27, 2026

MORRISVILLE, N.C. — Merritt Properties has broken ground on the first phase of RDU Business Park, a 150-acre light industrial development located at 2040-2060 Seagirt Ave. in Morrisville, about three miles from Raleigh-Durham International Airport. The project will be situated in the jurisdiction of the city of Cary, N.C. Phase I, which is set for completion in late 2027, will span 31 acres and comprise three single-story buildings totaling 201,250 square feet. All three buildings will include 18- or 24-foot clear heights, rear-loading docks, drive-in capabilities, 30- and 40-foot column spacing and surface parking. Two buildings will share a 150-foot truck court, while the third will feature a dedicated 110-foot truck court. At full build-out, RDU Business Park will comprise 13 single-story buildings spanning 790,527 square feet. Merritt Properties is handling the leasing assignment at the park internally.

August 27, 2026

Acquisitions Arizona Healthcare Industrial Mixed-Use Office Western

Venture West Group Sells Innovation Park in Oro Valley, Arizona for $21.2M

by Amy Works August 27, 2026

ORO VALLEY, ARIZ. — Venture West Group has sold Innovation Park, a 333-acre master-planned business park in Oro Valley, to Bourn Cos. for $21.2 million. Robert Glaser, Richard Kleiner, Greg Furrier, Alexis Corona and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller in the transaction. Kate Zimmerman, also with Cushman & Wakefield | PICOR, supported the transaction. Located at the northwest corner of Oracle and Tangerine roads, the business park is home to a variety of tenants, including Roche Tissue Diagnostics, the University of Arizona Center for Innovation at Oro Valley and Oro Valley Hospital.

August 27, 2026

Industrial Leasing Activity Nevada Western

Packaging Manufacturer, Recycler Signs 141,540 SF Industrial Lease in North Las Vegas

by Amy Works August 27, 2026

NORTH LAS VEGAS, NEV. — ALPLA, a global plastics manufacturer and recycler, has signed a 141,540-square-foot industrial lease at Building A within Craig Road Logistics Center in North Las Vegas. The Class A industrial facility is located at 4340 N. Nellis Blvd., a former Walmart Supercenter, and will support ALPLA’s continued growth in the Las Vegas market. Building A features 32-foot clear heights, ESFR sprinkler systems, LED warehouse lighting, 52-foot by 60-foot column spacing, 18 dock-high doors, two grade-level doors, 151 auto parking spaces and 2,535 square feet of office space with separate office and shop restrooms. Jason Simon and Rob Lujan of JLL’s Las Vegas office represented the landlord, Rockefeller Group, in the lease negotiations, while Daniel Wilkins, Lou Hall and Donna Alderson of Cushman & Wakefield represented ALPLA. Lee & Sakahara Architects designed the project. TWC Construction served as general contractor, and Taney Engineering served as civil engineer.

August 27, 2026

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