Friday, October 17, 2025
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Industrial

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AcquisitionsIndustrialOregonWestern

Ostling Group Divests of Riverside Industrial Park in Portland, Oregon for $22.3M

by Amy Works

PORTLAND, ORE. — Ostling Group has completed the $22.3 million sale of Riverside Industrial Park, a two-building industrial park in Portland. Brett Hartzell, Charles Safely and Chris Reeves of CBRE National Partners, along with Eleanor Aschoff of CBRE, represented the seller in the deal. The name of the buyer was not released. Located at 13422-13444 and 13609-13625 N.E. Jarrett St., the two buildings offer a total of 129,142 square feet. The buildings feature 20-foot to 24-foot clear heights, truck access, 28 dock-high doors and 16 grade-level doors. At the time of sale, the asset was 29 percent occupied by eight tenants in logistics, constriction supply, retail and manufacturing/fabrication industries.

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15020-N-Hayden-Rd-Scottsdale-AZ
AcquisitionsArizonaIndustrialOfficeWestern

Cushman & Wakefield Brokers $13M Sale of Scottsdale Airpark Corporate Center in Arizona

by Amy Works

SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the sale of Scottsdale Airpark Corporate Center, a two-building flex office and industrial property in Scottsdale. CEJ Scottsdale Airpark Corporate Center LLC sold the asset to SACC LLC for $13 million. Located at 15020 and 15030 N. Hayden Road, Scottsdale Airpark Corporate Center features 58,438 square feet of space that is occupied by Pillar Church, Copycats Printing and Vogel Prep. The property was built in 1985. Michael Kitlica, Tracy Cartledge and Robert Buckley of Cushman & Wakefield brokered the sale.

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AcquisitionsIndustrialMidwestMinnesotaOffice

Syndicated Equities Acquires Headquarters Building for Legrand AV in Minnetonka, Minnesota

by Kristin Harlow

MINNETONKA, MINN. — Syndicated Equities has acquired the headquarters building of Legrand AV in the Minneapolis suburb of Minnetonka. The property integrates all core functions for Legrand AV, including engineering, R&D, production, executive offices and national training facilities. Originally constructed in 1982, the property underwent a comprehensive renovation in 1997 and is currently undergoing a more than $4 million renovation for Legrand AV. Syndicated structured the acquisition as a Delaware Statutory Trust to accommodate both cash and 1031 exchange investors.

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AcquisitionsIllinoisIndustrialMidwest

Venture One Buys 34,180 SF Industrial Freezer Facility in Tinley Park, Illinois

by Kristin Harlow

TINLEY PARK, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has purchased a 34,180-square-foot industrial freezer/cooler facility at 18501 Northstar Court in the Chicago suburb of Tinley Park. The property was vacant at the time of acquisition. Constructed in 2009, the precast building features a clear height of 29 feet, eight exterior docks, one drive-in door and parking for 18 trailers. The facility features 22,341 square feet of freezer area with glycol floors, 5,121 square feet of dry area and 2,694 square feet of cold docks. John Suerth, Jason Lev and Jimmy Kowalczyk of CBRE represented the seller and have been retained to market the property for lease. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

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Park-Six35-Dallas
DevelopmentIndustrialTexas

Alliance Industrial Breaks Ground on 362,065 SF Project in North Dallas

by Taylor Williams

DALLAS — Houston-based developer Alliance Industrial has broken ground on Park Six35, a 362,065-square-foot project in North Dallas. The site is located in the Valwood submarket, which lies at the junction of interstates 35 and 635, and the development will feature three buildings that will be able to support users with requirements ranging from 35,000 to 146,000 square feet. Buildings will have rear-load configurations and 32-foot clear heights. Demolitions of existing structures on the site are underway, and the groundbreaking of the new buildings is scheduled to occur before the end of the year. Holt Lunsford Commercial has been tapped as the leasing agent.

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IndustrialLeasing ActivityTexas

Partners Real Estate Negotiates 101,968 SF Industrial Lease in Baytown, Texas

by Taylor Williams

BAYTOWN, TEXAS — Partners Real Estate has negotiated a 101,968-square-foot industrial lease in Baytown, an eastern suburb of Houston. The tenant is Architectural Surfaces Group, and the space is located within Building 2 of GrandPort 99 Business Park. Travis Land of Partners represented the landlord, a partnership between Alto Real Estate Funds and Industrial Development & Ventures (IDV), in the lease negotiations. Colton Hector and Ed Frantz of CBRE represented the tenant.

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Commonwealth-Fusion-Systems-Devens-Massachusetts
AcquisitionsIndustrialMassachusettsNortheast

Pivotal, Declaration Partners Buy Metro Boston Manufacturing Facility for $74M

by Taylor Williams

DEVENS, MASS. — A partnership between Pivotal Manufacturing Partners and Declaration Partners has purchased a 165,335-square-foot manufacturing facility in Devens, located northwest of Boston, for $74 million. The facility, which was built in 2022, serves as the global headquarters and magnet production hub of Commonwealth Fusion Systems. Building features include a clear height of 32 feet, three tailboard dock doors, one drive-in door and 283 parking spaces. John Alascio, Alan Blank, Alex Lapidus, Rob Borden and Heather Brown of Cushman & Wakefield arranged $52.8 million in acquisition financing for the deal through Goldman Sachs.

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Chula Vista Storage will feature 123,582 square feet of self-storage space.
CaliforniaDevelopmentIndustrialLoansProperty TypeSelf-StorageWestern

UTEX Storage Partners Receives $23.4M in Construction Financing for Self-Storage Project in Chula Vista, California

by Amy Works

CHULA VISTA, CALIF. — UTEX Storage Partners has obtained $23.4 million in nonrecourse construction financing for Chula Vista Storage, a to-be-built self-storage facility in Chula Vista. Brian Somoza led the JLL team in arranging the four-year, floating-rate loan through a life insurance company. Upon delivery in 2016, Chula Vista Storage will offer 123,582 square feet of storage space within two three-story buildings. The facility will feature an on-site office, security, a 24-hour surveillance system, controlled access, climate-controlled units and boat/RV storage. The property is located on 9.3 acres near the intersection of South Bay Expressway and Eastlake Drive, approximately 12 miles southeast of downtown San Diego. A REIT third-party management platform will operate and manage the property.

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AcquisitionsIndustrialSouth CarolinaSoutheast

Crescent Communities Sells 220,281 SF Industrial Development in Rock Hill, South Carolina

by Abby Cox

ROCK HILL, S.C. — Crescent Communities has completed the sale of AXIAL Southgate 77, a 220,281-square-foot industrial property situated within Antrim Business Park in Rock Hill, roughly 15 miles south of Charlotte. The buyer was Washington, D.C.-based Penzance. Nolan Aston, Tommy Whitmore, Rob Speir and Pheobe Dinga of Colliers represented the Charlotte-based seller in the transaction. The sales price was not disclosed. Developed in 2024 on 30 acres, AXIAL Southgate 77 features two buildings spanning 50,276 square feet and 220,281 square feet. The property, which was fully leased to three tenants at the time of sale, includes 32-foot clear heights, rear-load capacity, concrete tilt-wall construction and ample parking. Capital partners for AXIAL Southgate 77 include Atlantic Union Bank and Faison. Additionally, the design-build team included Choate Construction (general contractor), JTM Capital and The Tuttle Co. (development) and Progressive Cos. (architect and civil engineering).

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