Thursday, November 6, 2025
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Industrial

AcquisitionsIndustrialSouth CarolinaSoutheast

JLL Negotiates Sale of 398,100 SF Industrial Park Near Charleston International Airport

by John Nelson

NORTH CHARLESTON, S.C. — JLL has negotiated the sale of Airport Commerce Center, a three-building, 398,100-square-foot industrial park situated directly adjacent to Charleston International Airport and Joint Base Charleston. Built in 2017, the facilities are located at 7246 Stall Road, 2650 Fassitt Road and 7334 Stall Road in North Charleston, approximately one mile from I-26. Pete Pittroff, Dave Andrews and Michael Scarnato of JLL represented the seller, Brookwood Capital Partners, in the transaction. NorthPoint Development acquired Airport Commerce Center for an undisclosed price. The three facilities were fully leased at the time of sale to multiple tenants, including manufacturing, distribution and last-mile logistics companies. The properties feature 200- to 260-foot depths, front-load and rear-load configurations, 28- to 30-foot clear heights, ESFR fire protection systems, LED lighting and a combined 305 automobile parking spaces.

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AcquisitionsData CentersGeorgiaSoutheast

Principal Asset Management Sells 185,000 SF Data Center in Alpharetta, Georgia

by John Nelson

ALPHARETTA, GA. — Principal Asset Management has sold a 185,000-square-foot, 15.2-megawatt (MW) data center in Alpharetta, a northern suburb of Atlanta. The buyer and sales price were not disclosed, but the acquisition included developable land adjacent to the data center. A U.S.-based data center fund managed by Principal purchased the facility in 2022 in a joint venture with Lincoln Rackhouse, a division of Lincoln Property Co. The single-story data center was leased to two unnamed companies at the time of sale, one of which is a Fortune 100 financial services firm. The data center was originally built in 2009 as a build-to-suit for a telecommunications tech company.

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DevelopmentIllinoisIndianaIndustrialMichiganMidwestOhioTop Stories

Stellantis to Invest $13B Over Next Four Years at Midwest Automobile Factories

by Kristin Harlow

AUBURN HILLS, MICH. — Automaker Stellantis (NYSE: STLA), parent company of brands including Jeep, Dodge and Ram, has unveiled plans to invest $13 billion over the next four years to grow its business in the U.S. market and increase its domestic manufacturing footprint. The investment, the largest in the company’s 100-year U.S. history, will support the introduction of five new vehicles across the brand portfolio; production of the all-new four-cylinder engine; and the addition of more than 5,000 jobs at plants in Illinois, Ohio, Michigan and Indiana. Stellantis says the investment will increase its annual finished vehicle production in the United States by 50 percent over current levels. The new product launches will be in addition to 19 refreshed products across all U.S. assembly plants and updated powertrains planned through 2029. In Illinois, Stellantis plans to invest more than $600 million to reopen the Belvidere Assembly Plant to expand production of the Jeep Cherokee and Jeep Compass for the U.S. market. Initial production launch is expected in 2027, and the company anticipates the creation of roughly 3,300 new jobs. With an investment of nearly $400 million, Stellantis plans to move assembly of an all-new midsize truck from Belvidere to the …

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SurePoint-Rosharon
DevelopmentIndustrialSelf-StorageTexas

SurePoint Development Breaks Ground on 758-Unit Self-Storage Facility in Rosharon, Texas

by Taylor Williams

ROSHARON, TEXAS — SurePoint Development has broken ground on a 758-unit self-storage facility in Rosharon, located south of Houston. The site is located along FM 521 just south of Sienna Parkway, and the facility will total approximately 95,000 net rentable square feet of space. Completion is slated for next spring. The facility will be the eighth in the greater Houston area for SurePoint, which also plans to begin construction of two other facilities in the region next spring.

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PortNorth-59-Houston
AcquisitionsIndustrialTexas

STAG Industrial Acquires 462,250 SF Logistics Facility in Humble, Texas

by Taylor Williams

HUMBLE, TEXAS — Dallas-based STAG Industrial has acquired PortNorth 59, a 462,250-square-foot logistics facility in Humble, a northeastern suburb of Houston. The cross-dock facility sits on a 22.2-acre site and was completed in late 2024. Building features include 36-foot clear heights, 84 dock doors, four drive-in doors, 17,984 square feet of office space and parking for 231 cars and 101 trailers. PortNorth 59 was fully leased to two tenants at the time of sale. Trent Agnew, Charles Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the seller, Phelan Bennett Development, in the transaction.

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IndustrialLeasing ActivityTexas

UniWell Laboratories Signs 36,020 SF Industrial Lease Expansion in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — UniWell Laboratories LLC has signed a 36,020-square-foot industrial lease expansion in Fort Worth. The manufacturer of pharmaceutical products now occupies 166,149 square feet at the building at 14801 Sovereign Road, which is located on the city’s east side, just south of DFW International Airport. Charles Brewer of Savills represented the tenant in the lease negotiations. Adam Brown of NAI Robert Lynn represented the landlord, ML Realty Partners.

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AcquisitionsIndustrialTexas

Skywalker Property Partners Buys 35,000 SF Industrial Property in Granbury, Texas

by Taylor Williams

GRANBURY, TEXAS — Locally based investment firm Skywalker Property Partners has purchased a 35,000-square-foot industrial facility in Granbury, located southwest of Fort Worth. The property consists of two buildings on a 5.3-acre site that were fully leased at the time of sale. Parker LanCarte and Sarah LanCarte of LanCarte Commercial represented the undisclosed seller in the transaction. Jack Mock represented Skywalker on an internal basis.

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35-S.-Jefferson-Road-Whippany-New-Jersey
DevelopmentIndustrialNew JerseyNortheastOffice

Marcus Partners Breaks Ground on Office-to-Industrial Conversion Project in Whippany, New Jersey

by Taylor Williams

WHIPPANY, N.J. — Boston-based development and investment firm Marcus Partners has broken ground on an office-to-industrial conversion project in Whippany, located in Northern New Jersey. The project will convert a 40,000-square-foot vacant office building that sits on a 6.6-acre site at 35 S. Jefferson Road into a 72,000-square-foot logistics facility with a clear height of 36 feet. Truist Bank is financing the project, which is expected to be complete in the third quarter of 2026. JLL arranged the construction debt.

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DevelopmentIndustrialSoutheastTennessee

Stream Realty Breaks Ground on 1.1 MSF Industrial Development in Lebanon, Tennessee

by John Nelson

LEBANON, TENN. — Stream Realty Partners has broken ground on Central Pike, a two-building industrial development in Lebanon that will span approximately 1.1 million square feet. The property is situated on an 89.2-acre site in Wilson County, roughly 30 miles east of Nashville, with immediate access to Tennessee State Route 109 and I-840. Building A at Central Pike will be a 355,982-square-foot, cross-dock facility with a 130-foot truck court, 80 trailer parking spaces, 40-foot clear heights and an ESFR sprinkler system. Building B will total 724,146 square feet and also include a cross-dock configuration, 130-foot truck court, 177 trailer parking spaces, 40-foot clear heights and an ESFR system. Rob Lowe, Dale Todd, Drue Stoehr and Mitch Kingsley of Stream Realty Partners are spearheading the development of Central Pike, the firm’s first industrial project in the metro Nashville market. Cushman & Wakefield is handling the leasing assignment, and Mycon Construction is serving as the project’s general contractor. Central Pike is slated to come on line in first-quarter 2027.

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11119-Juniper-Ave-Fontana-CA
AcquisitionsCaliforniaIndustrialWestern

JLL Arranges Sale of 436,424 SF Distribution Center in Fontana, California

by Amy Works

FONTANA, CALIF. — JLL Capital Markets, on behalf of of REDA and a commingled fund managed by Clarion Partners, has arranged the sale of 11119 Juniper Avenue, a Class A distribution facility in Fontana. Terms of the transaction were not released. Cencora (formerly AmerisourceBergen Drug Corp.) leases the 436,424-square-foot Class A center on a long-term basis. Patrick Nally, Makenna Peter and Evan Moran of JLL represented the seller in the deal. Cody Clayton and Patrick Wood of JLL handled leasing of the asset. Bruce Ganong, Peter Thompson and Taylor Gimian of JLL secured acquisition financing for the undisclosed buyer.

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