Industrial

Logistics Property Co. to Develop 1.4 MSF Industrial Park in Grand Prairie, Texas

by Taylor Williams March 23, 2026

GRAND PRAIRIE, TEXAS — Logistics Property Co. will develop a 1.4 million-square-foot industrial park in Grand Prairie, roughly midway between Dallas and Fort Worth. The Chicago-based developer has purchased 109 acres at the intersection of President George Bush Turnpike and Shady Grove Road for the project, which will be known as Bear Creek Logistics Park. The five-building development will be constructed in two phases, with Phase I comprising 534,378 square feet across two buildings that will feature 36- to 40-foot clear heights. Completion of Phase I is slated for early 2028. Logistics Property Co. has tapped CBRE to lease Bear Creek Logistics Park.

March 23, 2026

Acquisitions Industrial Office Texas

Colliers Brokers Sale of 51,150 SF Industrial Flex Building in Southeast Houston

by Taylor Williams March 23, 2026

HOUSTON — Colliers has brokered the sale of a 51,150-square-foot industrial flex building in southeast Houston. According to LoopNet Inc., the building at 9191 Gulf Freeway was completed in 2015, offers 18- to 21-foot clear heights and was 86 percent leased at the time of sale. David Carter and Jeff Peltier of Colliers represented the seller in the transaction, and Chase Spence and Jordan Trout, also with Colliers, represented the buyer. Both parties requested anonymity.

March 23, 2026

Acquisitions California Industrial Western

Pacific Coast Commercial Brokers $10M Sale of Pioneer Business Park in El Cajon, California

by Amy Works March 23, 2026

EL CAJON, CALIF. — Pacific Coast Commercial has arranged the sale of Pioneer Business Park, a multi-tenant industrial facility in El Cajon. Paradise Properties of East County LLC purchased the property from Brown Trust for $10 million. Situated on 2.5 acres at 150 Pioneer Way, the property offers 45,276 square feet of industrial space that is zoned M for manufacturing use. Ken Robak and Brian Crepeau of Pacific Coast Commercial handled the transaction on behalf of both the seller and buyer. Additionally, Pacific Coast Commercial will provide leasing and property management services for the property. Ticor Title Co.’s Church Team and Tonya Courtney handled escrow and title services.

March 23, 2026

Acquisitions Industrial Midwest Minnesota

Terrace Group, Midloch Investment Partners Buy 270,022 SF Industrial Business Park Near Minneapolis

by Kristin Harlow March 23, 2026

FRIDLEY, MINN. — The Terrace Group has acquired River Tech Workplace in the Minneapolis suburb of Fridley. Midloch Investment Partners is the equity partner in the acquisition. The four-building flex industrial park totals 270,022 square feet and is situated on nearly 20 acres. Constructed in 1987, River Tech Workplace features a mix of spaces designed to accommodate tenants such as light industrial, service, technology and medical users. Bentley Smith of CBRE represented the undisclosed seller.

March 23, 2026

Acquisitions Self-Storage South Carolina Southeast

Spartan Acquires Three Self-Storage Facilities in Coastal South Carolina Totaling 1,710 Units

by Abby Cox March 23, 2026

BEAUFORT, S.C. — Colorado-based Spartan Investment Group has acquired three self-storage facilities totaling 1,710 units in Beaufort, a city in coastal South Carolina, for an undisclosed price. The seller was also not disclosed. The facilities include a 121,643-square-foot, 694-unit property at 481 Parris Island Gateway and a 77,270-square-foot, 632-unit property at 240 SC-128. The third asset is a 30,802-square-foot, 384-unit facility at 100 Lady’s Island Commons. Totaling 229,715 rentable square feet, the newly acquired self-storage facilities represent Spartan’s first acquisitions in 2026.

March 23, 2026

Industrial Leasing Activity Texas

Avison Young Negotiates 88,601 SF Industrial Lease in Northwest Houston

by Taylor Williams March 20, 2026

HOUSTON — Avison Young has negotiated an 88,601-square-foot industrial lease in northwest Houston. The tenant is oilfield equipment supplier STATS International, and the deal is for the entirety of Building U within the development at 6401 N. Eldridge Parkway. Anthony Squillante and Drew Coupe of Avison Young represented the tenant in the lease negotiations. John Ferruzzo and Jack Ferruzzo of KBC Advisors, along with Ryan Wasaff and Cole Bercher of Welcome Group, represented the landlord, Chicago-based Brennan Investment Group.

March 20, 2026

Acquisitions California Industrial Office Western

Partnership Completes Recapitalization of 733,497 SF Tech Campus in Goleta, California

by Amy Works March 20, 2026

GOLETA, CALIF. — A recapitalization that included Majestic Asset Management, Praelium, Blackbird Investment Group and H.I.G. Capital has acquired Tech Park @ Goleta Portfolio, a Class A technology campus spanning five business parks in Goleta, from David Fradin for an undisclosed price. The campus features 17 buildings offering a total of 733,497 square feet of Class A space designed to accommodate office, flex, laboratory and industrial uses. Approximately 58 percent of the portfolio is dedicated to industrial and R&D space. Sean Fulp, Michael Kendall, Mark Schuessler, Gian Bruno, Kenny Patricia and Blake Hammerstein of Colliers, along with Francois DeJohn and Caitlin Hensel of Hayes Commercial Group, represented Majestic Asset Management in the deal. DeJohn and Hensel represented the seller as well. CBRE’s Brad Zampa and Mike Walker provided debt and structured finance advisory services.

March 20, 2026

Acquisitions California Industrial Western

Kidder Mathews Brokers $14.9M Sale of Fully Leased Industrial Building in Burbank, California

by Amy Works March 20, 2026

BURBANK, CALIF. — Kidder Mathews has arranged the sale of an industrial property located at 2231-2249 N. Hollywood Way in Burbank. A family-owned investment company sold the building to a local private investor for $14.9 million. Situated on 1.6 acres, the 47,056-square-foot property is fully leased to four tenants. The building features multiple bays and flexible warehouse and office configurations. Tanel Harunzade and Darrell Levonian of Kidder Mathews represented the seller in the deal.

March 20, 2026

Industrial Leasing Activity North Carolina Southeast

Edgewater Ventures Signs Two Industrial Tenants to Leases Totaling 305,818 SF in Leland, North Carolina

by Abby Cox March 20, 2026

LELAND, N.C. — Raleigh-based Edgewater Ventures has signed two tenants to new leases totaling 305,818 square feet at Edgewater Commerce Center, a 505,818-square-foot industrial facility in Leland. Global electronics repair and service provider Ivy Technology signed a 200,000-square-foot lease, while home inspection company Home Insights signed a 105,818-square-foot lease. The deals bring Edgewater Commerce Center to full occupancy. Edgewater Commerce Center features tilt-up concrete construction with 24-foot clear heights. The property is the largest multi-tenant industrial facility located within the Wilmington and Myrtle Beach markets, according to Edgewater Ventures. Jordan Holt of Cushman & Wakefield represented Ivy Technology in the lease negotiations. Will Leonard of Cape Fear Commercial and Al Williams of JLL represented the landlord.

March 20, 2026

Illinois Industrial Leasing Activity Midwest

Opus Completes Lease-Up of 408,176 SF Industrial Building in North Aurora, Illinois

by Kristin Harlow March 20, 2026

NORTH AURORA, ILL. — Opus has completed the lease-up of Building C at Tollway Corporate Center in North Aurora. US Elogistics Service Corp. (CIRRO Fulfillment | Global Fulfillment Solution) has leased the entire building. With this commitment, the three-building, 1.1 million-square-foot speculative development is now fully leased. The tenant, a global e-commerce logistics and fulfillment provider, took occupancy late last month. Developed and built by Opus in a joint venture with Principal Asset Management, Tollway Corporate Center was delivered in phases. The first two buildings were preleased prior to their completion in December 2022. Soligent Distribution and Karat Packaging occupy Building A, while Ryder Integrated Logistics occupies Building B. Building C, which was completed in December 2023, features a clear height of 36 feet, 55 dock doors, four drive-in doors, trailer parking and a 3,000-square-fot speculative office. Opus served as developer, design-builder and architect. Brian Kling and Reed Adler of Colliers, along with Dan Leahy and Packy Doyle of NAI Hiffman, marketed and leased the development.

March 20, 2026

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