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Industrial

121-Commerce-Park-McKinney
DevelopmentIndustrialTexas

VanTrust Real Estate to Develop 511,202 SF Industrial Project in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Kansas City-based developer VanTrust Real Estate will develop a 511,202-square-foot industrial project in McKinney, located north of Dallas. The project represents Phase I of a larger, 42-acre development known as 121 Commerce Park. Phase I will consist of two buildings that will span 241,561 and 269,641 square feet. Project partners include Evans General Contractors, architect GSR Andrade, civil engineer Kimley-Horn and leasing agent JLL. Construction of Phase I is expected to begin in the second quarter of 2026 and to last about a year.

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IndustrialLeasing ActivityTexas

Industrial Tenant Signs 101,000 SF Lease Near Austin-Bergstrom International Airport

by Taylor Williams

AUSTIN, TEXAS — An undisclosed tenant has signed a 101,000-square-foot industrial lease at 71 Logistics Center, a 215,912-square-foot speculative facility located near Austin-Bergstrom International Airport. Building features include 32-foot clear heights, 185-foot truck court depths, 2,640 square feet of office space and parking for 142 cars (expandable to 262) and 54 trailers. Ace Schlameus and Travis Secor of JLL represented the landlord, Atlanta-based MDH Partners, in the lease negotiations. Brett Arabie of Cushman & Wakefield represented the tenant.

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14821-Artesia-Blvd-La-Mirada-CA
AcquisitionsCaliforniaIndustrialWestern

Voit Brokers $23.4M Sale of 89,873 SF Industrial Building in La Mirada, California

by Amy Works

LA MIRADA, CALIF. — Voit Real Estate Services has arranged the purchase of a freestanding industrial building located at 14821 Artesia Blvd. in La Mirada. World Trade Printing Co. acquired the asset from The Realty Associates Fund XII Portfolio for $23.4 million. World Trade Printing Co. will use the 89,873-square-foot property to expand its operations and to accommodate its acquisition of several other companies, according to the Voit team. Eric Smith, Selden McKnight and Stan Kwak of Voit represented the buyer in the deal.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Lee & Associates Negotiates 187,460 SF Industrial Lease in Bensenville, Illinois

by Kristin Harlow

BENSENVILLE, ILL. — Lee & Associates of Illinois has negotiated a new long-term lease for a 187,460-square-foot industrial building in the Chicago suburb of Bensenville. The property is located at 222 Sievert Court. Jeff Janda and John Cassidy of Lee & Associates represented the owner, DRA Advisors. Mark Baumhart of NAI Hiffman represented the tenant, TAFCO Corp., a manufacturer of windows, doors and related products. The transaction represents the third quarter’s second-largest lease in the O’Hare market, according to Lee & Associates.

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District of ColumbiaHealthcareHospitalityIndustrialLoansMultifamilyOfficeRetailSoutheast

MBA: Commercial, Multifamily Loan Originations Increased 36 Percent in Third Quarter from 2024

by John Nelson

WASHINGTON, D.C. — The volume for commercial and multifamily mortgage loan originations closed in the third quarter of 2025 was 36 percent higher compared to a year earlier, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations report. The third-quarter production also represents an 18 percent increase from the previous quarter. The MBA reports that loan originations have now risen for five consecutive quarters on both a quarterly and annual basis. Among property types, there was an 181 percent year-over-year increase in the dollar volume of loans for office properties, 100 percent increase for retail properties, 66 percent increase for hotels, 27 percent increase for multifamily properties and a 5 percent increase for industrial properties. Originations for healthcare properties decreased 43 percent compared to the third quarter of 2024. “While some sectors, such as healthcare and industrial, saw slower activity, overall volumes reflected improving sentiment as property values stabilized and loans reaching maturity were refinanced,” says Reggie Booker, MBA’s associate vice president of commercial/multifamily research. Among capital sources, there was a 52 percent year-over-year increase in loans by depositories lenders (i.e. banks), 40 percent increase in loans by government sponsored enterprises (Fannie Mae and Freddie Mac) …

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IllinoisIndustrialMarket ReportsMidwestMidwest Market Reports

Fiscal Challenges Weigh on Near-Term Outlook of Chicago Industrial Market

by Kristin Harlow

By Marc Hale, DarwinPW Realty/CORFAC International The Chicagoland industrial market continues to stand out as one of the most important in the country. Its location at the center of the U.S. transportation network gives companies the ability to reach nearly one-third of the nation’s population within a single day’s drive.  Six Class I railroads, an abundance of intermodal facilities and seven major interstate highways all converge here, making it one of the most efficient distribution platforms in North America. Chicago O’Hare International Airport also ranks among the top cargo airports in the world, adding critical global connectivity.  These advantages are reinforced by a large and diverse labor pool, which has long supported the region’s position as a major hub for manufacturers, distributors and logistics providers. The area’s role as a manufacturing hub is further reinforced by its proximity to major steel mills and primary metal production facilities, the depth of its skilled workforce and plentiful access to water from Lake Michigan, which has long supported heavy industry and advanced manufacturing across the region. The market’s vacancy rate has been trending higher, moving from 5.2 percent in the third quarter of 2024 to 5.9 percent in the third quarter of 2025. …

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IndustrialLeasing ActivityTexas

Johnson Brothers of Texas Signs 11,250 SF Industrial Lease in North Houston

by Taylor Williams

HOUSTON — Johnson Brothers of Texas Inc., a distributor of alcoholic beverages, has signed an 11,250-square-foot industrial lease in North Houston. According to LoopNet Inc., the building at 3340 Greens Road was built in 1997 and totals 126,968 square feet. Ryan Hartsell of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. Jack Rathe and Natalie Gilbert of Stream Realty Partners, along with internal agent Kyle Whieldon, represented the landlord, Prologis.

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DevelopmentIndustrialNortheastPennsylvania

Ecopax to Open 104,238 SF Industrial Facility in Bethlehem, Pennsylvania

by Taylor Williams

BETHLEHEM, PA. — Ecopax LLC, a locally based manufacturer of food packaging products, will open a 104,238-square-foot industrial facility in the Lehigh Valley city of Bethlehem. The property at 1355 Easton Road will complement an existing 315,643-square-foot manufacturing and warehousing facility and will feature six new loading docks and 12 additional truck parking spaces. Local company J.G. Petrucci Co. is developing the facility. An tentative construction completion date was not announced.

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AcquisitionsFloridaGeorgiaIndustrialKentuckySoutheast

MDH Partners Acquires 1.5 MSF Industrial Portfolio in Southeast, Midwest for $165M

by John Nelson

ATLANTA — Atlanta-based MDH Partners has purchased a six-property, 1.5 million-square-foot industrial portfolio in the Southeast and Midwest for $165 million. John Huguenard and Trent Agnew of JLL represented the seller, LBA Logistics, in the transaction. The portfolio has an average vintage of 2017, an average clear height of 33 feet and 6.9 years of weighted average lease term remaining, with each property fully leased to a single tenant. The assets include a 69,679-square-foot property in Miami leased to Compass Group USA; a 552,700-square-foot property in Jacksonville leased to Margo Garden Products; a 246,920-square-foot property in Atlanta leased to SupplyOne; a 235,013-square-foot facility in Louisville leased to ICS AmerisourceBergen; a 68,388-square-foot property in Cincinnati leased to GE Aerospace; and a 302,880-square-foot facility in Columbus leased to Hims.

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AcquisitionsFloridaIndustrialSoutheast

Cushman & Wakefield Brokers $57M Sale of Distribution Center in Orlando

by John Nelson

ORLANDO, FLA. — Cushman & Wakefield has brokered the $57 million sale of a 713,585-square-foot industrial facility located at 8201 Chancellor Drive in Orlando. The property was fully leased at the time of sale to CVS Health Corp. Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi of Cushman & Wakefield represented the seller, Tratt Properties, in the transaction. The buyer was Aventura, Fla.-based MG3 Group. Located in Orlando Central Park, the property features tilt-wall construction, clear heights ranging from 28 to 40 feet, 429 trailer parking spaces and 97 dock-high loading doors.

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