Thursday, November 20, 2025
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Industrial

DevelopmentFloridaIndustrialOfficeSoutheast

Bridge Industrial to Redevelop South Florida Office Park Into 268,702 SF Industrial Complex

by John Nelson

DORAL, FLA. — Bridge Industrial has recently received approval to redevelop a 16-acre office park located at 7775 N.W. 48th St. in Doral into Bridge Point Doral 826, a 268,702-square-foot, two-building industrial complex. The conversion project will transform the 1970s-era suburban office park in metro Miami’s Airport West submarket into a LEED-certified logistics hub. Bridge Industrial has begun preliminary site preparations at the property and will plan to deliver the project in first-quarter 2027. Bridge Point Doral 826 represents the second office-to-industrial conversion project in South Florida as the company recently redeveloped the former Ryder Systems headquarters into Bridge Point Flagler Station.

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33580-Zeiders-Rd-Menifee-CA.jpg
AcquisitionsCaliforniaIndustrialWestern

Patrinely, Dune Real Estate Sell 93,575 SF Warehouse in Menifee, California

by Amy Works

MENIFEE, CALIF. — Patrinely, in partnership with affiliates of Dune Real Estate Partners, has completed the sale of a newly constructed warehouse building at Gateway at Menifee, a logistics campus at the intersection of I-215 and Scott Road in Menifee. Located at 33580 Zeiders Road, the property offers 93,575 square feet of Class A industrial space. The remaining two available buildings total 450,540 square feet (229,934 square feet and 220,606 square feet) and feature 36-foot clear heights, 81 total dock-high doors and 185-foot truck court depths each. Patrinely developed the project. Eloy Covarrubias, Joe Werdein, Rob Gunness and Garry Jenkins of CBRE are handling leasing and sales under the direction of Phillip Moore and Dennis Tarro of Patrinely.

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Britton-Commerce-Center-Oklahoma-City
IndustrialLoansOklahomaTexas

IPA Arranges $48.4M Loan for Refinancing of Oklahoma City Industrial Property

by Taylor Williams

OKLAHOMA CITY — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged a $48.4 million loan for the refinancing of Britton Commerce Center, a 560,000-square-foot industrial property in Oklahoma City. The five-building complex was fully leased at the time of the loan closing. Sunny Sajnani and Travis Headapohl of IPA arranged the debt through an undisclosed credit union on behalf of the borrower, locally based development and investment firm Gardner Tanenbaum. The loan was structured with a five-year term, a fixed interest rate of 5.76 percent, 30-year amortization schedule and 24 months of interest-only payments.

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AcquisitionsIndustrialTexas

Sunwest, AKRE Partners Buy 36,240 SF Warehouse in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — A partnership between Dallas-based Sunwest Real Estate Group and industrial investment firm AKRE Partners has purchased a 36,240-square-foot warehouse in the Rio Grande Valley city of Laredo. The small-bay building at 13609 Archer Drive is located within Killam Industrial Park. According to LoopNet Inc., the building was completed in 2001 and features 20-foot clear heights, 17 dock-high loading positions and 3,091 square feet of office space. The seller and sales price were not disclosed.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Secures 18,118 SF Industrial Lease in West Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has secured an 18,118-square-foot industrial lease in West Houston. According to LoopNet Inc., the building at 1325 S. Creek Drive was built in 1980 and totals 153,741 square feet. Garrret Geaccone and Boone Smith of Stream represented the landlord, Nuveen Real Estate, in the lease negotiations. The representative of the tenant, third-party logistics provider Lucky Dong, was not disclosed.

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Novartis-Pathway-Triange_N.C
DevelopmentIndustrialNorth CarolinaSoutheastTop Stories

Novartis Announces $771M Pharmaceutical Manufacturing Expansion in North Carolina’s Research Triangle

by Hayden Spiess

DURHAM AND MORRISVILLE, N.C. — Pharmaceutical developer and manufacturer Novartis (NYSE: NVS) has announced a $771 million expansion of its footprint in North Carolina’s Research Triangle. According to the company, the expansion will create 700 new jobs in Durham and Wake counties and more than 3,000 indirect jobs by the end of 2030. The North Carolina expansion is part of the Swiss company’s pledge to invest $23 billion in U.S. infrastructure over the next five years. Doubling the company’s operational presence to more than 700,000 square feet, the expansion will significantly increase manufacturing capacity. The expansion will comprise new construction as well as the renovation of existing facilities across three sites in Durham and Morrisville. The new hub will include a new site in Durham housing two new facilities for manufacturing biologics and sterile packaging and a new site in Morrisville for the production of solid dosage tablets and capsules, as well as an expansion of an existing Durham facility to support sterile filling of biologics into syringes and vials. One of the new facilities will be located at Pathway Triangle, occupying 202,000 square feet at the 1 million-square-foot campus in Morrisville. CBRE represented both Novartis and the landlord, King …

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Company NewsData CentersIndustrialTexas

Google to Invest $40B in Texas Data Centers Through 2027

by Taylor Williams

MOUNTAIN VIEW, CALIF. — Google will invest approximately $40 billion in Texas data centers through 2027 as the Silicon Valley-based tech giant looks to expand its cloud and artificial intelligence (AI) infrastructure capabilities. Google CEO Sundar Pichai made the announcement on Nov. 14 via a LinkedIn post, stating that the investment would also include the development of three new data center campuses in Armstrong and Haskell counties. Google said that one of its new campuses in Haskell County, which is located roughly midway between Fort Worth and Lubbock, will be built alongside a new solar and battery storage plant. Google also said in the post that it plans to “train existing electrical workers and more than 1,700 apprentices in Texas by 2030, more than doubling the projected pipeline of new electricians in the state.” As part of the investment, Google has also committed to an initiative to “strengthen energy resilience and abundance, as well as [to] support community energy efficiency initiatives through a new $30 million Energy Impact Fund.” According to Data Center Dynamics, Google is also planning an expansion of its existing data center facilities in Ellis County, which is located south of Dallas and encompasses the city of …

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635-Exchange-Dallas
DevelopmentIndustrialTexas

Creation, PGIM Begin Construction on 600,000 SF Industrial Project in North Dallas

by Taylor Williams

DALLAS — Creation, a developer with offices in Dallas and Phoenix, and PGIM Real Estate have begun construction on 635 Exchange, a three-building, 600,000-square-foot industrial project in North Dallas. The 36-acre site at the intersection of interstates 35E and 635 formerly housed a City of Dallas landfill, and the new buildings will feature 32- to 36-foot clear heights. LGE Design Build is handling the architectural and general contracting aspects of the project. Stream Realty Partners has been tapped as the leasing agent. Completion is slated for late 2026.

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IndustrialLoansSelf-StorageTexas

Deason Financial Arranges $16.1M Acquisition Loan for Self-Storage Facility in Cypress, Texas

by Taylor Williams

CYPRESS, TEXAS — Deason Financial Group has arranged a $16.1 million permanent loan for the acquisition of Blackhorse Storage & Postal, a 552-unit self-storage facility located in the northwestern Houston metro of Cypress. The 14.2-acre facility spans 261,206 net rentable square feet across a variety of unit types. The loan was structured with a five-year term, fixed interest rate and a 25-year amortization schedule. Dave Knobler of Marcus & Millichap brokered the sale. The names of the direct lender and borrower were not disclosed.

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117-N.-Long-Beach-Road-Rockville-Centre-New-York
DevelopmentIndustrialNew YorkNortheastSelf-Storage

Basis Industrial Receives $27M Construction Loan for Long Island Self-Storage Project

by Taylor Williams

ROCKVILLE CENTRE, N.Y. — Florida-based development and investment firm Basis Industrial has received a $27 million construction loan for a self-storage project that will be located in the Long Island community of Rockville Centre. Public Storage will operate the facility, which will comprise 121,500 gross square feet of space across 957 units. NexBank is the senior lender on the project, and NexPoint is the mezzanine lender. Construction is underway and is expected to be complete in early 2027.

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