SAGINAW, TEXAS — A partnership between Chicago-based investment firm Pearlmark and Dallas-based Falcon Commercial Development will develop a 321,193-square-foot industrial project in Saginaw, a northern suburb of Fort Worth. Saginaw Distribution Center will feature 32-foot clear heights, 130-foot truck court depths, speculative office space and an ESFR sprinkler system. Will Mogk of JLL arranged an undisclosed amount of construction financing for the project through First United Bank. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe and Chloie Mercer of Newmark structured the equity placement on behalf of the partnership, which has tapped NAI Robert Lynn to lease the property. A tentative completion date was not announced.
LAREDO, TEXAS — Provident Industrial, a division of Dallas-based investment firm Provident, has sold a 10,000-square-foot maintenance building located within Northpoint 35 Industrial Park in the South Texas city of Laredo. The building was constructed in 2024 on a 32-acre site at 1203 Reuthinger Parkway and represents Phase I of a larger project that includes a 238,000-square-foot building that was developed as Phase II. The buyer was Philadelphia-based Alterra IOS.
EL PASO, TEXAS — Saxum Real Estate, a New Jersey-based investment and development firm, has broken ground on a 754,000-square-foot industrial project in El Paso that represents Phase I of a larger, 1.7 million-square-foot park. The site spans 120 acres along I-10, and the development will be known as Eastwind El Paso. Phase I will comprise a 407,000-square-foot cross-dock building and 347,000-square-foot rear-load building that will have 36-foot clear heights. Building designs and features will be able to support warehouse, distribution and manufacturing uses. Completion of Phase I is slated for the second quarter of next year. Phase II of Eastwind El Paso will add 930,000 square feet of industrial space to the local supply across an unspecified number of buildings.
CHESTERFIELD COUNTY, VA. — PNK Group has broken ground on PNK Ashton Park, an 846,000-square-foot industrial facility situated on 86.6 acres in metro Richmond’s Chesterfield County. The facility is designed for flexible use by either a single tenant or multiple occupants. Details about the project’s construction timeline were not disclosed.
SILVER SPRING, PA. — A joint venture between New York City-based Rockefeller Group and MBK Real Estate, a subsidiary of Japanese conglomerate Mitsui & Co., will develop a 2 million-square-foot industrial park in Silver Spring, located just west of Harrisburg. Silver Spring Logistics Park will be situated on a 182-acre site that is located about three miles from I-81 and is part of the former 451-acre Hempt Farm. The development will consist of three buildings that will total 892,620, 803,520 and 318,060 square feet and will feature clear heights of 40 feet and 185-foot truck court depths. The two larger buildings will have cross-dock configurations. CBRE has been tapped as the leasing agent and also brokered the land deal on behalf of the seller, HSS Investors LLC. Other project partners include Margulies Hoelzli Architecture, civil engineer Alpha Consulting and general contractor Penntex Construction.
SAN DIEGO — Steel Peak, a commercial real estate investment firm, has completed the sale of an industrial outdoor storage (IOS) property located at 6975 Camino Maquiladora in San Diego. RojoWood Lumber & Building Supply acquired the asset for $3.8 million. The property includes a functional industrial building with shop and office space, as well as a large excess yard for outdoor storage of vehicles, equipment and materials. The asset offers close proximity to Interstate 5 Freeway, 905 Freeway and the United States-Mexico border. Rob Hixson and James Hixson of CBRE represented the seller, while Rabin Salehi of CBRE represented the buyer in the transaction. Steel Peak originally purchased the property in December 2024 for $2.6 million and made significant improvements to the property. This sale is the company’s first exit out of its five-property portfolio of IOS facilities in the San Diego market.
DENVER — Malman Real Estate has arranged the sale of 775 S. Jason Street, an industrial condominium in Denver. The Learned Co. acquired the property from 775 S Jason Street LLC for $1.2 million. Shane Robson of Malman Real Estate represented the seller, while Jarod Pale of DePaul Real Estate Advisors represented the buyer in the deal.
ELK GROVE VILLAGE, ILL. — Brennan Investment Group has recapitalized the Regent O’Hare industrial portfolio in Elk Grove Village. The portfolio is positioned in the heart of the O’Hare submarket, located along the Busse industrial corridor and three miles from Chicago O’Hare International Airport. The portfolio consists of five multi-tenant Class B buildings with an occupancy of 92 percent. Brennan will continue to operate the portfolio, as it has done since its original acquisition in October 2020. Brennan’s Midwest portfolio totals 30 million square feet of industrial space.
Despite fresh injections of geopolitical chaos and renewed fears of tariff-induced inflation, the new year has brought an elevated sense of positivity among Texas industrial investors and the brokers who represent them. Although the sector is hardly flying as high as it was three years ago, the strong underlying fundamentals of Texas markets represent a story that has yet to see an unhappy ending. In addition, there is an understanding that with all setbacks and disruptions comes new opportunities. Between that highly specific Texas real estate dynamic and that generic fortune cookie wisdom is the framework for industrial growth on both the supply and demand sides. “We are huge believers in the Texas growth story and have conviction that the existing tailwinds will continue to propel our markets here to the forefront of the industrial investment landscape,” says Will Cronin, vice president of acquisitions at Dallas-based investment firm CanTex Capital. “The capital flows continuing to come here bear that out.” Cronin’s perspective on industrial is both nuanced and appropriate. He says that since its inception, CanTex has primarily pursued off-market deals that were available not because of outstanding market fundamentals, but due to external factors like estate planning, changing tenant …
FREDERICKSBURG, VA. — Cushman & Wakefield | Thalhimer has arranged the sale of a four-property industrial portfolio within Four Mile Fork Industrial Park in Fredericksburg, a city in Virginia’s Spotsylvania County. Virgil Nelson of Cushman & Wakefield | Thalhimer represented the seller, an entity doing business as Longwood Holdings LLC, in the transaction. The buyer, an entity doing business as Longwood Owner LLC, purchased the portfolio for $38 million. Situated on 35.7 acres at U.S. Route 1 and Courthouse Road, the 221,189-square-foot portfolio comprises Longwood 1 at 230 Industrial Drive, Longwood 2 at 11001 Houser Drive, Longwood 3 at 10934 Houser Drive and Longwood 5 at 11200 Houser Drive. The portfolio was fully leased at the time of sale to tenants including Flowers Bakery, Midsouth Building Supply, F.H.Furr, Capital Electric, Lennox and Blossman Gas.