Industrial

Foundry Commercial to Undertake Office-to-Industrial Conversion in Dallas

by Taylor Williams July 2, 2026

DALLAS — Foundry Commercial, an Orlando-based development and brokerage firm, will undertake an office-to-industrial conversion project in Dallas. The address of the office building was not announced, but the new industrial facility will total approximately 126,000 square feet and will be known as Villa Creek. The building will feature 32-foot clear heights, 28 dock-high doors and two drive-in doors. Construction is scheduled to begin this summer and to last about a year. Villa Creek will be Foundry’s 12th office-to-industrial conversion nationally and seventh in the Dallas-Fort Worth metroplex.

July 2, 2026

Development Industrial Oklahoma Texas

Quantum Space Begins Redevelopment of Historic Aerospace Building in Tulsa, Oklahoma

by Taylor Williams July 2, 2026

TULSA, OKLA. — Spacecraft company Quantum Space has begun redeveloping the Spartan Building, a historic aerospace property in Tulsa, for conversion into a spacecraft manufacturing facility. The facility will span between 25,000 and 40,000 square feet and will be equipped for assembly and fabrication, non-destructive testing and pressure testing of large propulsion tank manufacturing and precision spacecraft parts production. Quantum Space will occupy a move-in-ready temporary facility beginning in 2026 until renovations are complete, which is tentatively slated for the first quarter of 2027.

July 2, 2026

Acquisitions Industrial New York Northeast

Marcus & Millichap Brokers $54.2M Sale of Long Island Industrial Portfolio

by Taylor Williams July 2, 2026

LONG ISLAND, N.Y. — Marcus & Millichap has brokered the $54.2 million sale of a portfolio of five industrial properties totaling 275,938 square feet on Long Island. Located in Farmingdale, Hicksville and Oceanside, the properties range in size from 28,000 to 100,000 square feet. All were constructed between 1975 and 1985 and include office space. Michael Tuccillo and Anthony Cerrone of Marcus & Millichap represented the seller, Howard Katz Realty & Construction, in the transaction and procured the buyer, Spiegel Associates.

July 2, 2026

Acquisitions Development Illinois Industrial Midwest

Prologis to Build 454,000 SF Industrial Development in Suburban Chicago

by Kristin Harlow July 2, 2026

GLENDALE HEIGHTS, ILL. — Prologis has acquired 26.2 acres of land in Glendale Heights with plans to build a speculative industrial development consisting of two Class A logistics facilities totaling 454,000 square feet. Each building will feature a clear height of 36 feet, more than 200 car parking spaces and a shared 200-foot truck court. The project site is adjacent to the High Grove Business Park to the east and a commercial and retail development to the west. It also features direct access to I-355 and proximity to the Chicago O’Hare airport. Plans call for significant infrastructure improvements, including construction of a new connector drive and upgrades to nearby intersections and stormwater management facilities.

July 2, 2026

Development Industrial Midwest Minnesota

Standard, Endeavor Complete 174,288 SF Cobalt Business Center in Metro Minneapolis

by Kristin Harlow July 2, 2026

MENDOTA HEIGHTS, MINN. — Standard Real Estate Investments LP and Endeavor Development have completed Cobalt Business Center, a 174,288-square-foot industrial facility in the Minneapolis suburb of Mendota Heights. The project was fully preleased prior to completion to a single tenant. Located on a 10-acre infill site, Cobalt Business Center is situated near the airport and features a clear height of 32 feet, 15 dock positions, motion-sensing LED light fixtures, ESFR fire protection and 4,000 amps of power. CBRE’s Jeff Przytarski, Bryan Van Hoof, James DePietro and Sam Manke represented ownership. Brian Netz and Eric Tomchik of Newmark represented the tenant.

July 2, 2026

Development Florida Industrial Southeast

DSI, Karis Break Ground on Final Phase of Speedway Commerce Center in Daytona Beach, Florida

by Abby Cox July 2, 2026

Daytona Beach, Fla. — Development Solutions Inc., in partnership with Karis and the City of Daytona Beach, has broken ground on the final phase of Speedway Commerce Center, an 808,693-square-foot industrial development underway in Daytona Beach. Designed by Lamar Johnson Collaborative (LJC) and constructed by DSI South, Building III will support the needs of logistics, distribution, manufacturing and e-commerce users. Building III will comprise 217,603 square feet and will feature 36-foot clear heights; 32 dock doors and two drive-in doors; 210 car parking spaces and 33 trailer stalls; an ESFR sprinkler system; and the ability to accommodate more than 20,000 square feet of office space and four tenants. The building is expected for delivery in the fourth quarter of 2026.

July 2, 2026

Acquisitions Industrial Loans Midwest Missouri

Northmarq Secures $13.7M Bridge Loan for Innerbelt Business Center in Metro St. Louis

by Kristin Harlow July 1, 2026

OVERLAND, MO. — Northmarq has secured $13.7 million in acquisition financing for Innerbelt Business Center, a 191,925-square-foot flex/showroom property in Overland near St. Louis. Lucas Goring and Andy Finn of Northmarq arranged the financing on behalf of Fountain Real Estate Capital through a regional bank. The five-year loan features three years of interest-only payments along with future funding. The property is close to stabilization, but Fountain will look to push rents to market as leases reach expiration, according to Northmarq.

July 1, 2026

Development Industrial Midwest Ohio

IRG, PREP Funds to Renovate 160,000 SF Industrial Property in Dayton, Ohio

by Kristin Harlow July 1, 2026

DAYTON, OHIO — Industrial Realty Group LLC (IRG) and PREP Funds have acquired 5870 Poe Ave. in Dayton with plans to reposition the 160,000-square-foot property as Dayton Commerce Center. The asset is comprised of a 155,000-square-foot main building with 40,000 square feet of office space, six docks, four drive-in doors and heavy crane infrastructure. The property also includes a standalone 5,000-square-foot building. Both structures offer clear heights of 18 feet. Construction upgrades are slated to begin immediately, and ownership is actively marketing the space for lease.

July 1, 2026

Illinois Industrial Leasing Activity Lee & Associates Midwest

Lee & Associates Negotiates Two Industrial Leases Totaling 131,417 SF in Chicago’s Western Suburbs

by Kristin Harlow July 1, 2026

HILLSIDE AND FOREST PARK, ILL. — Lee & Associates of Illinois has negotiated two industrial leases totaling 131,417 square feet in the western suburbs of Chicago. Sean Austin of Lee & Associates represented Nuvomed Inc., a company that develops and sells affordable health and wellness products, in its lease of 54,087 square feet at 200 Fencl Lane in Hillside. Tom Rodeno and Patrick Turner of Colliers represented the owner, Clear Height Properties. Austin also represented Recyclops Inc., a recycling and sustainability company that provides curbside recycling pickup, in its lease of 77,330 square feet at 7750 Industrial Drive in Forest Park. The same Colliers duo represented the landlord, ML Realty Partners.

July 1, 2026

Acquisitions California Industrial Western

Lee & Associates Brokers $9.1M Sale of Three-Building Industrial Portfolio in Vista, California

by Amy Works July 1, 2026

VISTA, CALIF. — Lee & Associates has brokered the $9.1 million sale of a three-building industrial portfolio located at 2438, 2440 and 2446 Cades Way in Southern California. All three buildings were acquired by a single private investor. The 33,573-square-foot portfolio features a combination of stable single-tenant occupancy, modern offices, heavy power, secured loading and yard areas, grade-level loading doors and “highly functional” warehouse configurations designed to accommodate a broad range of manufacturing users. Rusty Williams, Chris Roth and Jack Rubendall of Lee & Associates – Williams Roth Group represented the buyer and undisclosed seller in the off-market transaction.

July 1, 2026

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