WEST POINT, GA. — Hyundai Transys Georgia Powertrain, an automotive parts specialist in the Hyundai family of brands, has announced it will invest $560 million to expand its manufacturing operation at 6801 Kia Parkway in West Point, a west Georgia city near the Alabama border. The investment will fund upgrades to two current buildings and the construction of a third on the campus. The expansion will support added production capacity for electrified powertrains for hybrid vehicles. Hyundai Transys plans to create 320 new jobs as a result of the expansion, adding to its current total of 1,250 employees. The construction timeline was not disclosed. Civic and utility partners for the Hyundai Transys project include the Georgia Department of Economic Development’s Global Commerce team, the City of West Point, Georgia Quick Start and Georgia Power.
POOLER, GA. — SunCap Property Group has purchased 65 acres in Pooler, a western suburb of Savannah, for the development of Pine Meadow Logistics Park. Situated at Pine Meadow Drive and Pine Barren Road, the two-building development will span 959,822 square feet at full build-out. SunCap has tapped Hilary Shipley and Sebastian Findlay of Colliers Savannah to lease Pine Meadow, which sits within close proximity to I-95, I-16 and the Port of Savannah’s Garden City Terminal. The project will comprise a 606,323-square-foot cross-dock building and a 353,499-square-foot rear-load facility. SunCap expects to deliver both buildings by October 2027.
INDIANAPOLIS — Echo Real Estate Capital Inc. has acquired 30 acres in Park 100 in Indianapolis. The two land sites currently feature three obsolete office buildings totaling 450,000 square feet that were formerly occupied by United Health Group and Genesys. The sellers were Ventas and The RMR Group, respectively. Echo plans to build Echo Business Park @P100, which will feature multi-tenant industrial facilities for users such as trade contractors, last-mile logistics, light manufacturing and distribution. Suite sizes will range from 7,000 to 80,000 square feet. Demolition is scheduled to begin later this month. Phase I of the project, located on the southern half of the site, will be comprised of three buildings totaling 195,000 square feet and is scheduled for completion in fourth-quarter 2027. Phase II, on the northern half, will feature an additional 200,000 square feet. Construction on Phase II is anticipated to commence in 2027 with delivery in 2028. Korey Ryan of Colliers will serve as leasing agent. CIBC is providing debt financing, and Keeley Construction is the general contractor. Powers Brown is the architect, and SpaceCo is the civil engineer.
OMAHA, NEB. — Opus has broken ground on a 65,000-square-foot build-to-suit facility for Viking Industrial Painting in Omaha. The project, located in Rainwood Industrial Park, will serve as the 25-year-old company’s new headquarters and operations base. Viking Industrial Painting specializes in inspecting, painting and maintaining municipal water towers and maintains six regional offices across the country. Opus is the developer and design-builder on the project. Completion is slated for July 2027.
EASTON, PA. — A partnership between Pennsylvania-based developer Benchmark Real Estate and New York City-based investment firm Regal Ventures has purchased an 85,053-square-foot industrial building in Easton, located in the Lehigh Valley. Constructed on 12.4 acres in 1972, the building at 100 Kuebler Road is located within Forks Industrial Park and houses the global headquarters of Human Active Technology (HAT), a designer and manufacturer of ergonomic workspace solutions. The seller and sales price were not disclosed. The new ownership plans to expand the facility by 70,000 square feet.
EAST WINDSOR, N.J. — Cushman & Wakefield has brokered the $4.7 million sale of a 27,992-square-foot industrial and life sciences building in East Windsor, located outside of Trenton in Central New Jersey. The building at 55 Lake Drive was constructed in 1974 (renovated in 2013) and was vacant at the time of sale. Dan Bottiglieri, Deb Boucher, Jordan Sobel, Andrew Schwartz, Andre Balthazard, Mike Dean and Kate Boyle of Cushman & Wakefield represented the seller, Danish biotechnology company Novonesis, in the transaction. The team also procured the undisclosed buyer.
HOUSTON — Dallas-based development and investment firm Mohr Capital has broken ground on Oates 610, a 371,388-square-foot warehouse in East Houston. The site spans 22.3 acres at the intersection of I-610, I-10 and U.S. Highway 90. Oates 610 will feature a cross-dock configuration, 36-foot clear heights, 80 dock doors and 91 trailer storage stalls. Ware Malcomb is the project architect, and Kimley-Horn is the civil engineer. Cadence McShane is the general contractor, and JLL is the leasing agent. Construction is expected to be complete in the second quarter of next year.
DENTON, TEXAS — Cushman & Wakefield has brokered the sale of M380 Business Park, a 104,250-square-foot industrial park in the North Texas city of Denton. The property comprises three shallow-bay buildings that were fully leased at the time of sale. Jim Carpenter, Jud Clements, Robby Rieke, Emily Brandt and Trevor Berry of Cushman & Wakefield represented the seller, Box Investment Group, in the transaction. Will Crowley of HNL Capital Advisors represented the buyer, Lanihau Properties.
SANDY SPRINGS, GA. — BKM Capital Partners and Kayne Anderson Real Estate have acquired Northridge Commons, a 471,000-square-foot industrial campus in Sandy Springs, a northern suburb of Atlanta in Fulton County. Locally based development firm Third & Urban sold the 38-acre property for $100 million. Built in the early 1980s along the Ga. Highway 400 corridor, Northridge Commons comprises seven industrial facilities with suites ranging in size from 2,046 to 39,221 square feet. The campus, which was 90 percent leased at the time of sale, also features a 57 percent office finish. Nathan Williams of Scotland Wright Associates helped facilitate the transaction between BKM and Third & Urban.
WESTMINSTER, COLO. — CBRE has arranged the sale of Novera Commerce Center, a proposed three-building industrial development in Westminster. Opus Development sold the project to Principal Asset Management for an undisclosed price. Todd Witty and Daniel Close of CBRE represented the seller and have been retained by the new ownership to lead leasing efforts for the development. Located at 13900 Huron St., the 386,489-square-foot project will comprise three buildings ranging from 89,000 square feet to 195,000 square feet. Slated for delivery in the second half of 2027, the development will offer flexible suite configurations, ample loading capacity, trailer parking and modern industrial specifications designed to accommodate a broad range of users. Buildings will accommodate users as small as approximately 18,700 square feet, providing flexibility for a range of occupier sizes.