RICHARDSON, TEXAS — Local brokerage firm Highland Properties has negotiated a 12,162-square-foot industrial lease in the northeastern Dallas suburb of Richardson. The tenant is ZC Distribution, and the space is located at 1461 Exchange Drive. Scott Voelkel and Cullen Dickey of Highland Properties represented the tenant in the lease negotiations. Dan Lawson of Proterra Properties represented the landlord, a Dallas-based partnership.
MANALAPAN, N.J. — Mapletree, a development and investment firm based in Singapore, will build a 952,720-square-foot industrial project in Manalapan, located east of Trenton in Central New Jersey. The 96.8-acre site at 370 Smithburg Road is located near Exit 8 off the New Jersey Turnpike, and the development will consist of two buildings that will total 300,220 and 652,500 square feet. Building features will include clear heights of 40 feet, 172 dock doors and parking for 366 cars and 141 trailers. Construction is expected to begin in the coming months and to be complete in early 2028.
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MBA: Commercial, Multifamily Borrowing Increased 52 Percent in First-Quarter 2026
WASHINGTON, D.C. — Commercial and multifamily mortgage loan originations were 52 percent higher in the first quarter of 2026 compared to first-quarter 2025, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. First-quarter production falls in line with the organization’s 2026 forecast made in February that commercial and multifamily loan originations this year would increase by 27 percent compared to 2025. Among capital sources, the dollar volume of loans originated for investor-driven lenders increased by 133 percent year-over-year in the first quarter. There was also an 80 percent increase in loans for depositories (i.e. banks and credit unions); a 38 percent increase in government-sponsored enterprises (i.e. Fannie Mae and Freddie Mac); and a 9 percent increase in life company loans. There was also a14 percent decline in commercial mortgage-backed securities (CMBS) loans compared to a year ago. “The most notable increase was the 80 percent rise in depository lending, driven in part by the large volume of bank-held loans maturing this year and the need to refinance those positions,” says Reggie Booker, MBA’s associate vice president of commercial research. “The slowdown [from fourth-quarter 2025] is consistent with typical first-quarter seasonality and does not detract from …
VON ORMY, TEXAS — A partnership between Valrock, a newly launched industrial investment firm, and Austin-based Evergen Equity has acquired a 194,255-square-foot building in Von Ormy, a southwestern suburb of San Antonio. The building at 10600 Fischer Road was fully leased at the time of sale to packaging company Smurfit Westrock. Andrew Price and Braeden Bernstein of CBRE represented the seller, an undisclosed private investor, in the transaction.
ARLINGTON, TEXAS — Local brokerage firm Highland Properties has negotiated a 25,000-square-foot industrial lease renewal in Arlington. The tenant is Texas Almet, a manufacturer of advanced honeycomb core components for military and commercial aircraft, and the space is located at 2800 E. Randoll Mill Road. Scott Voelkel and Cullen Dickey of Highland Properties represented the tenant in the lease negotiations. Ishash Shrestha of Avangard Real Estate represented the undisclosed landlord.
BRANFORD, CONN. — Locally based brokerage firm O,R&L Commercial has arranged the $6 million sale of a 55,274-square-foot industrial building located in the southern coastal Connecticut city of Branford. According to LoopNet Inc., the building at 45 NE Industrial Road was originally constructed in 1950 and renovated in 2010. Will Braun of O,R&L brokered the deal. The buyer and seller were both limited liability companies that requested anonymity.
ESCONDIDO, CALIF. — The Little Dragovic Team of Lee & Associates – North San Diego County has negotiated the sale of an industrial property located at 410, 414 and 416 Hale Ave. in Escondido. An entity doing business as Hale Holdings LP/Raymer Properties LP sold the asset to Mariste Enterprises LP for $11.5 million. Ne-Mo’s Bakery fully occupies the property and has been the original tenant since the building was delivered in 1975. Ne-Mo’s Bakery uses the facility for corporate office space, baking, food processing, cooler/freezer storage, dry good storage, warehousing and distribution for its signature individually wrapped cakes and sweet baked goods. The asset consists of 59,757 square feet of industrial space located on three contiguous parcels of land spanning 369 acres. The property’s underlying M1 zoning allows industrial outside storage (IOS). Marko Dragovic, Isaac Little and Olivia Baffert of the Little Dragovic Team, Lee & Associates – North San Diego County represented the seller, while Ryan Turnquist and Matt Skogebo of Lee & Associates – Riverside represented the buyer in the deal. The buyer plans to hold the property as a long-term investment.
BARTLETT, ILL. — Illinois Tool Works (ITW) has moved into a 60,050-square-foot industrial space at Blue Heron Business Park in Bartlett, culminating a seven-month site selection, lease negotiation and space build-out process. The property is located on the southeast corner of Kenyon Road and Illinois Route 25. Dan Brown and Mike Antonelli of Brown Commercial Group represented the developer and owner, Cratos Industrial. The duo is marketing the additional space in the 166,573-square-foot development for lease. ITW is utilizing the space for its Electronic Component Solutions group and will have 60 employees at the site. The ITW Formex and ITW Lumex brands operate out of the new facility, creating specialized safety and technology products and solutions for global companies in the electric vehicle, data center, appliance and other sectors.
Baltimore’s industrial market entered the first quarter of 2026 in what some are describing as a correctional rather than a contractional phase, with CoStar Group recently characterizing the market as undergoing a “sharp correction” driven by rising vacancy, elevated supply and slower leasing activity. Vacancy reports vary but the rate is hovering at approximately 9.7 percent as leasing teams worked to absorb approximately 3.2 million square feet of new deliveries over the past 12 months. Trailing absorption is negative at approximately 2.4 million square feet, reflecting a slowdown rather than a disappearance of demand, according to CoStar. New development pipelines remain active at 2.1 million square feet and new starts are moderating, signaling that developers are adjusting to conditions. In recent years, a series of events in Baltimore City made headlines and positioned the region in the worst possible way, and “Charm City” remains misunderstood in the minds of outsiders through the lens of these news articles. But, earlier this year, a substantial influx of institutional capital turned heads when making a decisive bet on the greater metropolitan area. A joint venture between Camber Real Estate Partners and PGIM Real Estate acquired a seven-building infill industrial portfolio at a 5.75 …
ARLINGTON, TEXAS — Hightech Grafix has signed an industrial lease expansion and extension in Arlington. The provider of screen printing services now occupies 18,000 square feet within North Commercial Industrial Park, a newly renovated development. Jeff Jackson of NAI Robert Lynn represented the tenant in the lease negotiations. Todd Lambeth and Cade Navarro of Bradford Commercial Real Estate Services represented the undisclosed landlord.
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