SCHILLER PARK, ILL. — Associated Bank has provided a $2.2 million loan for the refinancing of an industrial outdoor storage facility near O’Hare International Airport in Schiller Park. O’Hare Blue Sky Parking leases the property and operates it as an offsite parking facility servicing O’Hare. The asset includes a 16,562-square-foot building. Daniel Barrins of Associated Bank originated the loan on behalf of the borrower, The Missner Group, which acquired the property in February 2023.
MATTESON, ILL. — Entre Commercial Realty has negotiated a long-term build-to-suite lease with a national tank rental company at the Chicagoland Truck Center in Matteson. The new facility will consist of an 11,790-square-foot maintenance building with six drive-in doors on eight acres of secured outside storage. Entre assisted in designing a custom-built headquarters facility along with obtaining village approval for equipment rental and maintenance. Cory Kay and Mike DeSerto of Entre represented the landlord, Bike Road LLC. JLL represented the tenant.
SAN JOSE, CALIF. — Marcus & Millichap has facilitated the purchase of a 1.1-acre ground lease at 3155 Stevens Creek in San Jose. The property sold for $10 million in an off-market transaction. The land is encumbered by a long-term lease to Lincoln Auto Dealership. The buyer is the tenant that owned the leasehold improvements on the property. Yuri Sergunin and J.J. Taughinbaugh of Marcus & Millichap represented the buyer in the deal. The seller was not disclosed.
MCGREGOR, TEXAS — EFC Gases & Advanced Materials has announced plans for a $210 million semiconductor manufacturing plant in McGregor, a city located about 15 miles southwest of Waco in Central Texas. Massachusetts-based EFC has purchased 195 acres within McGregor Industrial Park to serve as the site of the plant. According to the McGregor Chamber of Commerce, the park spans a little over 2,000 acres and is home to a development and test facility for SpaceX, the rocket and spacecraft company owned by Tesla CEO Elon Musk. The EFC facility will feature a central laboratory, a logistics hub and an administrative building in addition to specialty areas for chemical synthesis operations and gas transfill activities. The City of McGregor has committed to funding infrastructure improvements at the site, including the extension of water and wastewater lines, and assisting in the construction of an industrial rail spur to enhance operational efficiency. The project, a construction timeline for which was not announced, is expected to result in the creation of at least 120 new jobs, according to EFC. EFC’s decision to invest in Texas aligns with the state’s preexisting semiconductor manufacturing operations, which include Samsung’s $17 billion plant in Taylor (metro Austin) …
MIDWAY, GA. — JLL has negotiated the sale of Building D at Tradeport East, a 647,496-square-foot industrial facility in Midway, roughly 35 miles outside Savannah. Home textiles producer Town & Country Living fully occupies the facility, which was built in 2022. BlueScope Properties Group sold the building to SkyREM for an undisclosed price. Britton Burdette, Dennis Mitchell, Sean Devaney and Jim Freeman of JLL represented the seller in the transaction. Located at 313 Tradeport East Blvd., the property features a cross-dock configuration with 190-foot truck courts, 36-foot clear heights, 60-foot speed bays, ESFR sprinklers, LED lights, 2,822 square feet of office space, 144 dock-high doors, four drive-in doors and parking for 177 trucks and 327 cars.
DENTON, TEXAS — Dallas-based MYCON General Contractors has broken ground on an approximately 800-unit self-storage facility for U-Haul in the North Texas city of Denton. Located on a 5.9-acre site on the city’s east side, the facility will consist of three buildings totaling 70,000 net rentable square feet. More specifically, the development will comprise a 28,639-square-foot pre-engineered metal building for U-Box storage; a four-story, 98,512-square-foot self-storage building; and a 2,400-square-foot drive-up storage unit. The project, which marks MYCON’s seventh collaboration with U-Haul, is slated for a March 2025 completion.
ARLINGTON, TEXAS — Cushman & Wakefield has arranged the sale of Cooper I-20 Building C, a 401,115-square-foot industrial facility in Arlington. Completed in 2020, the building features 36-foot clear heights, 92 loading doors, four storefronts with dedicated parking and 46 trailer storage spaces. Jim Carpenter, Jud Clements, Robby Rieke, Trevor Berry, Madeleine Supplee, David Eseke and Mark Collins of Cushman & Wakefield represented the seller, Barings, in the transaction. John Alascio, T.J. Sullivan and Meredith Donovan, also with Cushman & Wakefield, arranged acquisition financing on behalf of the undisclosed buyer.
CHICAGO — Related Midwest and CRG have unveiled plans to co-develop the Illinois Quantum & Microelectronics Park (IQMP) at 8080 S. DuSable Lake Shore Drive in South Chicago. The quantum innovation campus marks the first phase of a broader 400-acre master plan. PsiQuantum, a quantum computing technology company, will anchor IQMP. The project site is located on the former U.S. Steel South Works site along the Lake Michigan shoreline. IQMP will occupy 128 acres on the southern end of the site. In addition to PsiQuantum, the campus will house cryo facilities and equipment labs as well as research and office spaces for private companies and universities to collaborate. The first phase, designed by Lamar Johnson Collaborative, will occupy approximately 30 acres and is scheduled for completion in 2027. Clayco will serve as the general contractor for the initial phase.
BEDFORD, IND. — Northmarq has arranged the $40.7 million sale of a 401,474-square-foot industrial property in Bedford, a city in southern Indiana. The single-tenant asset is net leased to Science Applications International Corp. (SAIC) and is situated on 74 acres at 3120 16th St. SAIC has occupied the property since 2009 and has expanded its footprint on seven separate occasions, including a new 16,000-square-foot build-to-suit. SAIC is a provider of technical, engineering and enterprise information technology services primarily to the U.S. government. Colin Couch, Jason Powell, Brian Ritchie and Tyler McCain of Northmarq represented the undisclosed seller. The buyer was an institutional investor.
LOS ANGELES — Neutraderm, a medical-grade skincare manufacturer specializing in over-the-counter drug products, has acquired an industrial building at 20680 Nordoff St. in Los Angeles’ Chatsworth submarket. Nordhoff XC LLC sold the asset for $21 million. The manufacturer plans to combine this property with two nearby buildings, located at 9000 Lurline Ave. and its current West Coast headquarters at 20600 Nordhoff St. The resulting 115,000-square-foot facility will serve as Neutraderm’s flagship headquarters complex for Southern California. Erica Balin and Scott Caswell of Lee & Associates – LA North/Ventura represented the buyer in the deal.