Industrial

JLL Facilitates $68.3M Acquisition Loan for Cold Storage Facility in Jacksonville

by John Nelson April 4, 2025

JACKSONVILLE, FLA. — JLL Capital Markets has facilitated a $68.28 million loan for the acquisition of Arcadia Jacksonville, a 333,725-square-foot cold storage facility in Jacksonville. Melissa Rose, Michael Klein, Wells Waller, Nicole Barba and Preston Bacon of JLL secured the five-year, fixed-rate loan through an insurance company on behalf of the borrower, Manulife Investment Management. Completed in 2024, Arcadia Jacksonville is located within Imeson Industrial Park, which is 10 miles from Jacksonville International Airport. The facility is fully leased to Arcadia Cold Storage & Logistics, a major third-party logistics provider in North America. Arcadia Jacksonville features flexible temperature zones ranging from -20 to 35 degrees Fahrenheit, 50-foot clear heights and 210-foot truck court depths.

April 4, 2025

Industrial Leasing Activity Texas

Finial Group Negotiates 23,625 SF Industrial Lease in Northwest Houston

by Taylor Williams April 4, 2025

HOUSTON — Locally based brokerage firm Finial Group has negotiated a 23,625-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the single-tenant, crane-served building at 7214 Harms Road was originally constructed in 2014. The building includes 2,400 square feet of office space. Jason Gibbons, Jack Gaffney and William Alcorn of Finial represented the undisclosed landlord in the lease negotiations. The tenant is railcar manufacturer CAF USA Inc.

April 4, 2025

Acquisitions Arizona Development Industrial Western

ATLAS Capital Partners, Hawkins Development Buy 38 Acres in Mesa, Arizona for Industrial Project

by Amy Works April 4, 2025

MESA, ARIZ. — ATLAS Capital Partners, along with development partner Hawkins Development Co., has acquired 38 acres in Mesa for $13.8 million. The partnership plans to develop ATLAS Exchange, a four-building Class A industrial project, on the site at 4140 S. Signal Butte Road. ATLAS Exchange’s buildings will range from 40,000 square feet to 100,000 square feet. Design plans include an amenity-rich environment with shaded ramadas and pickleball courts. Construction is slated to begin in third-quarter 2025. Early lease negotiations are underway at ATLAS Exchange. Pat Harlan and Steve Larsen of JLL are handling leasing for the project. The JLL team also represented ATLAS and the seller, Brookfield Properties, in the sale transaction.

April 4, 2025

Acquisitions Industrial Loans Michigan Midwest

Bernard Financial Group Arranges $3.6M Acquisition Loan for Michigan Industrial Property

by Kristin Harlow April 4, 2025

CLINTON TOWNSHIP, MICH. — Bernard Financial Group (BFG) has arranged a $3.6 million loan for the acquisition of an 80,160-square-foot industrial property in Clinton Township, a northern suburb of Detroit. Joshua Bernard of BFG arranged the loan on behalf of the borrower, BKG Dominion Capital Blvd LLC. A life insurance company provided the loan.

April 4, 2025

Acquisitions Data Centers Development Florida Southeast

Metrobloks Buys Land in Miami, Plans to Develop New Data Center

by John Nelson April 3, 2025

MIAMI — Los Angeles-based Metrobloks has purchased four acres at 500 N.W. 137th Ave. in Miami’s Airport West submarket. The firm plans to develop a 15.2-megawatt data center at the site, which is situated at the intersection of Northwest 6th Street and 137th Avenue. Matthew Bittel and Stuart Gordon of Cushman & Wakefield represented Metrobloks in the land sale. Carlos Gaviria of Transwestern Real Estate Services represented the previous land owner, Sagard Real Estate. Metrobloks plans to begin operations at the new multi-tenant, AI-ready data center by the end of 2026.

April 3, 2025

Acquisitions California Industrial Western

Burlington Distribution Buys 889,445 SF Warehouse in Riverside, California from BlackRock for $257M

by Amy Works April 3, 2025

RIVERSIDE, CALIF. — Burlington Distribution has purchased an industrial warehouse located at 21600 Cactus Ave. in Riverside from BlackRock for $257 million. Mark Zorn and Cory Whitman of Colliers represented the buyer, while CBRE represented the seller in the deal. Constructed in 2019, the 889,445-square-foot warehouse features a clear height of 40 feet and 220 dock doors. Burlington has been the sole tenant since the asset’s construction. Burlington Distribution opened 101 new stores and relocated 31 older oversized locations in fiscal 2024 and plans to open approximately 100 net new stores in 2025.

April 3, 2025

Features Industrial

Rising Demand for Speed, Efficiency Drives Growth in Logistics Automation

by Taylor Williams April 3, 2025

By Justin Spafford, construction executive at Caddell Construction In today’s fast-paced e-commerce landscape, consumer expectations for rapid, accurate delivery are reshaping supply chains. To stay competitive, retailers and logistics providers must embrace automation to enhance efficiency and meet growing demand. This transformation is happening amid broader shifts within the commercial real estate industry, including reshoring and increased reliance on automation tech. Rather than investing in costly new construction, many companies are opting to retrofit existing facilities with modern automation. This approach maximizes value and allows businesses to adapt quickly to market shifts without significant downtime. Caddell Construction has played a role in this transformation, having completed over 25 automation projects nationwide. Our current work includes nine automation projects across the United States, with another five in preconstruction and scheduled to start in the second quarter. The numbers highlight the urgency of this shift. U.S. retail e-commerce sales for 2024 are projected to reach $1.37 trillion, representing a more than 10 percent increase from the previous year, according to CapitalOne. Meanwhile, the warehouse automation market, currently valued at $19.2 billion, is expected to grow to $22.8 billion by 2030. The broader industrial automation sector is also expanding rapidly, with projections increasing …

April 3, 2025

Industrial Leasing Activity Texas

Lotte Global Logistics Signs 227,420 SF Industrial Lease in Denton, Texas

by Taylor Williams April 2, 2025

DENTON, TEXAS — Lotte Global Logistics has signed a 227,420-square-foot, full-building industrial lease at I-35 Convergence Park in the North Texas city of Denton. The speculative facility is located within Westpark Industrial Park. Joe Yoon of Realty Bank Group represented the tenant in the lease negotiations. Chris Teesdale, Tom Pearson and Ben Wallace of Colliers represented the landlord, Dallas-based Hunt Southwest. The other building at I-35 Convergence Park totals 250,080 square feet and was leased in 2021.

April 2, 2025

Acquisitions Industrial Texas

Oxford Partners Arranges Sale of 12,813 SF Industrial Building in North Houston

by Taylor Williams April 2, 2025

HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of a 12,813-square-foot industrial building in North Houston. According to LoopNet Inc., the building at 15458 W. Hardy Road was constructed in 1981 and features three drive-in bays and 16-foot clear heights. Perry Mazzone and Matt Rogers of Oxford Partners represented the buyer in the transaction. Wyatt Huff of Partners Real Estate represented the seller. Both parties requested anonymity.

April 2, 2025

Georgia Industrial Leasing Activity Southeast

Lee & Associates Arranges 88,300 SF Industrial Lease in Douglasville, Georgia

by John Nelson April 2, 2025

DOUGLASVILLE, GA. — Lee & Associates has arranged an 88,300-square-foot industrial lease at 9850 Commerce Way in Douglasville, roughly 22 miles west of Atlanta. Joseph Mullican and Lee Steed of Lee & Associates’ Atlanta office represented the tenant, Peco Fasteners, a distributor of industrial fasteners and electrical products, in the lease negotiations. The landlord was Ridgeland, Miss.-based EastGroup Properties and the deal totaled $10.7 million, according to Lee & Associates.

April 2, 2025

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