Industrial

ALSIP, ILL. — IPA Capital Markets has arranged the refinancing of a two-building industrial portfolio totaling 508,088 square feet in Alsip. The properties are leased to Crown Cork & Seal Co., a subsidiary of Crown Holdings Inc., a designer and manufacturer of steel and aluminum cans. The building at 5555 W. 115th St. serves as the manufacturing site, while the facility at 11535 S. Central Ave. functions as the shipping and receiving site. Frank Montalto and Ethan Splan of IPA arranged the financing through a local credit union on behalf of the borrower, a national investment company. The fixed-rate, nonrecourse loan features a 6.31 percent interest rate, 30-year amortization schedule and 65 percent loan-to-value ratio.

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WAUKEGAN, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 218,617-square-foot industrial building located at 2431 Delaney Road in the Chicago suburb of Waukegan. Venture One inked a long-term lease with a tenant for 158,743 square feet prior to closing on the property. Constructed in 2014, the facility features a clear height of 30 feet, 28 exterior docks, four drive-in doors, parking for 250 cars and an ESFR sprinkler system. Eric Fischer, Brett Kroner, Keith Puritz and Marc Samuels of Cushman & Wakefield represented the seller, while White Heitman and Jack Fitzpatrick of CBRE represented Venture One and the tenant. Heitman and Fitzpatrick have been retained to market the remaining 60,034 square feet of vacant space. VK Industrial VII is co-sponsored by Venture One Real Estate and Kovitz Investment Group.

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SECAUCUS, N.J. — New Jersey-based financial intermediary G.S. Wilcox & Co. has arranged $15 million in financing for a 100,000-square-foot industrial property located just outside of New York City in Secaucus. The facility was fully leased at the time of the loan closing to a tenant that provides screen printing and labeling services to the apparel industry. Bridget Wilcox of G.S. Wilcox originated the debt. The direct lender and borrower were not disclosed.

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WILSON, N.C. AND NEW BRUNSWICK, N.J. — Johnson & Johnson (NYSE: JNJ), has broken ground on a $2 billion pharmaceutical manufacturing facility in Wilson, about 50 miles east of Raleigh. The project is part of a larger, $55 billion investment in U.S. manufacturing, research-and-development (R&D) and technology initiatives that the global pharmaceutical, medical devices and consumer health products provider is planning over the next four years. “Today’s announcements accelerate our nearly 140-year legacy as an American innovation engine tackling the world’s toughest healthcare challenges,” says Joaquin Duato, chairman and CEO of Johnson & Johnson. “Our increased U.S. investment begins with the ground-breaking of a high-tech facility in North Carolina that will not only add U.S.-based jobs but manufacture cutting-edge medicines to treat patients in America and around the world.” The new manufacturing facility will span approximately 500,000 square feet and will create 5,000 construction jobs, as well as 500 specialized positions for employees and contractors, including process technicians, laboratory analysts, engineers and microbiologists. Upon completion, Johnson & Johnson plans to produce medicines for people with cancer, immune-mediated and neurological diseases at the Wilson plant. The company estimates that the facility will have an economic impact of $3 billion in North …

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HOUSTON — Lee & Associates has negotiated the sale of a 7.6-acre IOS (industrial outdoor storage) facility in North Houston. The property at 15550 Export Plaza Drive, which was fully leased at the time of sale, functions as a cross-dock truck terminal. Trey Erwin, Josh Carl and Jason Dannatt of Lee & Associates represented the undisclosed seller in the transaction. The buyer was a fund backed by New York City-based Clarion Partners.

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FORT MEYERS, FLA. — CBRE has arranged a $45 million construction loan for the development of Oriole Logistics, a 442,000-square-foot industrial project in Fort Myers. Billy Mork, Joel Torborg and Mike Vannelli of CBRE Capital Markets’ Debt & Structured Finance team in Minneapolis secured the loan on behalf of the owner and developer, Capital Partners. Situated at 16815 Oriole Road, the property is near Southwest Florida International Airport, which in its second phase of a three-year, $1 billion terminal expansion. The Oriole Logistics project will comprise one 136,000-square-foot building and two buildings spanning 153,000 square feet each, according to the Business Observer. Upon completion, the three-building portfolio will feature 84 dock doors, 28 to 32-foot clear heights and a 580-space parking lot. Construction for the project is slated to break ground in April. Oriole Logistics marks the third industrial development for Capital Partners in South Florida since 2023.

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FORT LAWN, S.C. — SkyREM has signed a 129,600-square-foot industrial lease at 2251 Catawba River Road in Fort Lawn, about 43 miles south of Charlotte via I-77. The tenant, a global advanced engineering and construction solutions firm, brings the 236,210-square-foot building to full occupancy. The facility offers warehouse and manufacturing space, access to major transportation networks and 77 acres of development-ready land. SkyREM has planned a multimillion-dollar capital improvement program to further modernize the property. Tommy Turner and Zack Daltorio of Newmark represented SkyREM in the lease transaction along with Clifford Blanquicet Jr. of Blanq Real Estate.

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DALLAS — Aircraft Custom Interiors LLC has renewed its 19,237-square-foot lease at Quebec Business Center in Dallas. The industrial flex building is located on the city’s northwest side. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as GKI Industrial Dallas LLC, in the lease negotiations. Michael Haggar of JLL represented the tenant.

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Mesa-Linda-Logistics-Center-Hesperia-CA

HESPERIA, CALIF. — Newcastle Partners has received $27.5 million in construction financing for Mesa Linda Logistics Center, a Class A industrial warehouse and distribution facility currently under construction in Hesperia. Scheduled for delivery in first-quarter 2026, the 408,997-square-foot property will offer a clear height of 36 feet, 54 dock-high doors, 57 trailer parking stalls, 215 auto parking spaces, an ESFR sprinkler system and a combined 12,000 square feet of office and mezzanine space. The project is situated on 17.5 acres and will offer access to freeways, including interstates 5 and 40, US-395, CA-18 and CA-189. Greg Brown, Samuel Godfrey and Allie Black of JLL Capital Markets secured the floating-rate, nonrecourse construction loan through a bank for the borrower.

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7070-Badiee-Dr-Sacramento-CA

SACRAMENTO, CALIF. — LDK Ventures has acquired Metro Air Park Logistics Center III, a state-of-the-art logistics building at 7070 Badiee Drive in Sacramento. Terms of the transaction were not released. Built in 2024 on nearly 6 acres, the 109,322-square-foot building boasts a clear height of 32 feet, 18 dock doors, two grade-level doors and a 130-foot truck court, as well as 1,715 square feet of dedicated office space. Todd Sanfilippo and Rebecca Perlmutter of CBRE brokered the transaction.

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