ONTARIO, CALIF. — Real Estate Development Associates and Clarion Partners, along with Premier Design + Build Group, have broken ground on South Ontario Logistics Center — Building 6 (SOLC) in Ontario. Slated for delivery in June 2026, the 700,000-square-foot asset will feature 113 dock doors, 261 trailer stalls, 445 parking spaces, dual 2,000-kilowatt generators and a 16,000-amp electrical service.
ALSIP, ILL. — Byline Bank has provided $17 million for the acquisition and future capital improvement of two industrial properties located at 5750 W. 118th St. and 11700 S. Central Ave. in Alsip. TradeLane Properties was the borrower. The manufacturing facility on 118th Street totals 366,869 square feet and was built between 1996 and 2000. It features exterior dock doors, existing bridge cranes, 480 expandable parking stalls and active multi-track rail service via Indiana Harbor Belt. TradeLane plans to reposition the asset by replacing the roof, paving, exterior and interior painting, landscaping and preparing the office space for lease. The second property is an 84,376-square-foot distribution center that is fully leased and situated on 4.5 acres. Constructed in 1990, the building features a 4,500-square-foot office space, 15 exterior dock-high doors, a drive-in door and 26 auto parking stalls. The acquisition marks the 14th transaction between Byline and TradeLane in the last five years.
BRISTOL, WIS. — Electric Research and Manufacturing Cooperative Inc. (ERMCO) has acquired a 158,000-square-foot industrial facility at Bristol Business Park in southern Wisconsin. ERMCO began leasing the property in May 2024 to prepare for operational readiness and officially commenced operations in April 2025. The site, located in Building 4, features a clear height of 32 feet, 30 expandable dock doors, 215 parking spaces and 4,000 amps of power. ERMCO continues to invest in advanced manufacturing to support the evolving needs of the energy sector. The Bristol facility will serve as the company’s dedicated amorphous hub, reinforcing its commitment to delivering high-efficiency transformer solutions that support grid modernization and long-term reliability. ERMCO now has two domestic sources of electrical steel (amorphous and grain-oriented). Sean Kropke and Keith Puritz of Cushman & Wakefield represented ERMCO in the sale.
HOLLISTON, MASS. — Regional investment firm Marcus Partners has purchased two industrial buildings totaling 68,480 square feet in Holliston, about 30 miles southwest of Boston. Completed in 2013, the building at 275 Hopping Brook Road totals 20,480 square feet and was fully leased to four tenants at the time of sale. Built in 2005, the facility at 330 Hopping Brook Road totals 48,000 square feet and was also fully leased at the time of sale. Cambridge Savings Bank provided acquisition financing for the deal, the seller in which was the original developer.
PILOT POINT, TEXAS — NAI Robert Lynn has brokered the sale of a 35,570-square-foot industrial building in Pilot Point, located north of Dallas in Denton County. According to LoopNet Inc., the building at 926 U.S. Highway 377 was built on 3.7 acres in 1983. Jim Hancock of NAI Robert Lynn represented the seller, an entity doing business as TyGra Realty LLC, in the transaction. Michelle Hudson and Tom Hudson of Hudson Peters Commercial represented the undisclosed buyer.
SINGAPORE AND NEW YORK CITY — Mapletree Investments Pte Ltd., a global real estate investment and management firm based in Singapore, has sold a 1.8 million-square-foot industrial portfolio to New York City-based Faropoint for $328 million. The transaction represents Faropoint’s largest acquisition to date and Mapletree’s first major U.S. warehouse disposition. The portfolio, which Mapletree held under a closed-end private fund launched in 2019, comprises 30 shallow-bay warehouse buildings spread across Florida (14), Georgia (7), New Jersey (5), Texas (3) and Pennsylvania (1). John Huguenard and Trent Agnew of JLL represented Mapletree in the transaction. Mapletree has owned and managed more than 70 million square feet of industrial assets in the United States since entering the country in 2014.
RALEIGH, N.C. — Town Lane, a newly formed real estate management firm based in New York City, has acquired a 2.7 million-square-foot portfolio of infill, shallow-bay industrial facilities spread across six individual parks in the Raleigh-Durham region. Corebridge Real Estate Investors and Equus Capital Partners sold the portfolio, which includes nearly 40 acres at three of the parks that is available for future development. The sales price was not disclosed, but multiple media outlets report the portfolio traded for $261 million. Simpson Thacher & Bartlett LLP served as legal counsel to Town Lane, while Goodwin Proctor represented Corebridge and Equus. Eastdil Secured brokered the sale. Equus will retain a minority stake in the portfolio and its affiliate, BPG Management, will continue to operate the parks. The previous ownership executed more than 2 million square feet of new, expanded and renewed leases at the portfolio over the past four years, according to Corebridge.
HOGANSVILLE, GA. — Atlanta-based Seefried Industrial Properties plans to develop a 1.6 million-square-foot “sortation” center in Hogansville, roughly 55 miles southwest of Atlanta in Troup County, for e-commerce giant Amazon. KBC Advisors represented Seefried in the land purchase. Set to open in 2027, the facility will serve as Amazon’s third sortation center in Georgia. The property will be located along Ga. Highway 54/East Main Street near Bass Cross Road and I-85. Amazon employees will sort orders by final destination and consolidate them onto trucks for delivery. Employees will also work alongside robotics and other innovative technology in the process. The design-build team includes general contractor The Conlan Co., architect AECOM and civil engineer Eberly & Associates.
LINCOLN PARK, N.J. — JLL has secured the refinancing of two industrial buildings totaling 143,265 square feet in the Northern New Jersey community of Lincoln Park. The buildings were both constructed in 1985, feature clear heights of 22 feet and were fully leased at the time of sale of a combined 10 tenants. Michael Klein, Ryan Carroll and Tyler Caricato of JLL arranged the 10-year, fixed-rate loan on behalf of the borrower, The Frassetto Cos. The loan amount and direct lender were not disclosed.
FLEMINGTON, N.J. — Locally based developer Larken Associates has delivered Flemington Junction Business Center II, a 50,000-square-foot industrial flex project located about 60 miles southwest of Manhattan. The building features a clear height of 32 feet, and units can be subdivided to spaces as small as 3,125 square feet. Core Enterprises provided construction management services for the project, construction of which began last summer.