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Industrial

The-Cubes-at-Alpha
DevelopmentIndustrialNew JerseyNortheast

CRG, PCCP Underway on 575,900 SF Industrial Park in Alpha, New Jersey

by Taylor Williams

ALPHA, N.J. — A joint venture between national investment and development firm CRG and Los Angeles-based PCCP is underway on construction of The Cubes at Alpha, a 575,900-square-foot industrial park that will be located in Northern New Jersey. The Cubes at Alpha will consist of two single-side-load buildings that will total 270,900 and 305,000 square feet on a 37-acre site. Both buildings will offer clear heights of 36 feet, ESFR sprinkler systems and dedicated space for trailer parking and/or outdoor storage. CRG’s parent company, Clayco, will serve as the design-build firm for the project, while Lamar Johnson Collaborative is the architect. Construction is slated for a third-quarter 2025 completion.

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Escondido-Logistics-Center-Escondido-CA
AcquisitionsCaliforniaIndustrialWestern

San Diego County Water Authority Buys 88,552 SF Industrial Building in Escondido

by Amy Works

ESCONDIDO, CALIF. — San Diego County Water Authority (SDCWA) has acquired a freestanding industrial building in Escondido from RPG for $38.8 million in a forward sale. The 88,552-square-foot property was still under construction when the acquisition occurred. Situated on 9.5 acres at 1960 Citracado Parkway, the building features a clear height of 28 feet, heavy power, a large truck court and abundant loading positions. The property was originally part of Escondido Logistics Center, a planned two-building industrial project. The second building, totaling 58,502 square feet, is currently under construction with completion slated for January 2025. Aric Starck and Drew Dodds of Cushman & Wakefield represented the seller.

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DevelopmentIllinoisIndustrialMidwest

Krusinski to Build 788,000 SF Spec Industrial Project in Plainfield, Illinois

by Kristin Harlow

PLAINFIELD, ILL. — Krusinski Construction Co. will serve as general contractor for a 788,000-square-foot speculative industrial project within Plainfield Business Center in the southwest Chicago suburb of Plainfield. Trammell Crow Co. (TCC) is the developer. Named TCC Stewart South Phase I, the 52-acre project is slated for occupancy in fall 2025. The cross-dock facility is being marketed as a single-tenant property, but it will be divisible for multiple users. The building will feature a clear height of 40 feet, 80 dock-level doors, four drive-in doors and parking for 392 cars and 211 trailers. Future phases of Plainfield Business Center are currently being planned. At full build-out, the development will encompass over 8 million square feet of industrial space. The project team includes Harris Architects and civil engineer Kimley-Horn. Edward Notz of Associated Bank originated a $43.6 million construction loan.

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AcquisitionsIndustrialMidwestMinnesota

MLG Capital Acquires Nine-Building Industrial Portfolio in Suburban Minneapolis

by Kristin Harlow

EDINA AND EDEN PRAIRIE, MINN. — MLG Capital has acquired the Golden Triangle Portfolio in suburban Minneapolis for an undisclosed price. The flex portfolio includes a blend of industrial and office space across nine buildings in Edina and Eden Prairie. Golden Triangle is the 20th acquisition within MLG’s most recent fund, MLG Private Fund VI, and its 48th investment in metro Minneapolis. MLG partnered with Big River Real Estate on the acquisition.

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DevelopmentIllinoisIndustrialMidwest

Meridian Completes 51,500 SF Manufacturing Facility for IPC in Bartlett, Illinois

by Kristin Harlow

BARTLETT, ILL. — Meridian Design Build has completed a 51,500-square-foot manufacturing facility for International Packing & Crating (IPC) at 1313 Jack Court in the Chicago suburb of Bartlett. The project included 3,700 square feet of office/employee space and 47,800 square feet of shop improvements, including compressed air piping, dust collection ductwork, power distribution and lighting to support a full-service crating and custom packaging operation. The project team included Heitman Architects Inc. and civil engineer V3 Cos. Ltd.

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AcquisitionsIndustrialNorth CarolinaSoutheast

Rockpoint Sells 233,818 SF Industrial Facility in Apex, North Carolina

by John Nelson

APEX, N.C. — Boston-based Rockpoint has sold Building I at Apex Commerce Center, a four-building industrial park totaling 845,000 square feet in Apex, a city roughly 15 miles southwest of Raleigh. LaSalle Investment Management purchased the 233,818-square-foot facility for an undisclosed price. Dave Andrews and Pete Pittroff of JLL represented Rockpoint in the transaction. Building I at Apex Commerce Center was built in 2023 and was fully leased at the time of sale. The rear-load facility features 32-foot clear heights, ESFR sprinklers and LED lighting. Building I is the first of four buildings at Apex Commerce Center, which Rockpoint developed in partnership with Oppidan Investment Co.

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AcquisitionsFloridaIndustrialSoutheast

Redfearn Capital Purchases Two South Florida Industrial Facilities for $10.8M

by John Nelson

BOYNTON BEACH AND JUPITER, FLA. — Redfearn Capital has purchased two industrial facilities in South Florida for a total of $10.8 million. The Delray Beach, Fla.-based investment firm acquired a 17,215-square-foot, multi-tenant facility at 4875 Park Ridge Road in Boynton Beach for $3.4 million and a 30,920-square-foot property at 1445-1449 Jupiter Park Drive in Jupiter for $7.4 million. The seller(s) was not disclosed.

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DevelopmentFloridaIndustrialLoansMixed-UseSoutheast

Columnar Begins Construction on 965-Acre Double Branch Mixed-Use Development in Metro Tampa

by John Nelson

SAN ANTONIO, FLA. — Columnar has begun construction on the first phase of Double Branch, a mixed-use development spanning 965 acres in San Antonio, a suburb of Tampa in Pasco County. Phase I comprises 75 Logistics at Double Branch, an industrial park entitled up to 4.5 million square feet of space that will be developed over multiple phases. Nathan Lynch and Mike Sogluizzo of Colliers arranged an undisclosed amount of construction financing through a life insurance company to finance the first phase of 75 Logistics at Double Branch. Concrete has been poured for the first phase, which is located at the intersection of I-75 and State Road 52. Phase I will comprise three rear-load facilities spanning more than 480,000 square feet combined. Additional plans for the industrial park call for a 1.6 million-square-foot build-to-suit distribution building and a 400,000-square-foot cross-dock facility. Future phases for Double Branch will include 1 million square feet of office space; 3,500 multifamily, townhomes and lifestyle residential units; 500,000 square feet of retail, restaurant and entertainment space; two hotels; 250 acres of healthcare, wellness and life sciences development; and more than 200 acres of parks and trails.

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DevelopmentMississippiSelf-StorageSoutheast

U-Haul Opens 344-Unit Self-Storage Facility in Biloxi, Mississippi

by John Nelson

BILOXI, MISS. — U-Haul has opened U-Haul Moving & Storage of Biloxi, a 344-unit self-storage facility located at 12011 Old Highway 67 in Biloxi. This is the first U-Haul-owned and -operated location in Biloxi and the company’s 14th in Mississippi. The one-story facility was delivered over the summer and purchased/rebranded earlier this fall. U-Haul Moving & Storage of Biloxi is situated at Old Highway 67 and Cedar Lake Road, which is close to exit 44 of I-10 and Miss. Highway 15. The property features indoor climate-controlled units, high-tech security and a retail showroom with boxes and moving supplies. U-Haul plans to implement its suite of moving trucks, trailers, towing devices and propane tank exchange services at the Biloxi location in the near future.

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10857-N-95th-Ave-Peoria-AZ
AcquisitionsArizonaIndustrialWestern

City of Peoria Acquires 81,060 SF Industrial Facility in Arizona for $11M

by Amy Works

PEORIA, ARIZ. — The City of Peoria, an Arizona municipal corporation, has purchased an industrial building at 10857 N. 95th Ave. in Peoria from Glez C Properties LLC for $11 million. The city will utilize the 81,060-square-foot property as a training facility for its police officers and a storage facility for its tactical vehicles. Built in 2005, the asset offers freeway access. Jeffrey Garza Walker of NAI Horizon represented the seller in the transaction.

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