SEWICKLEY, PA. — Regional owner-operator Endurance Real Estate Group has sold a portfolio of six light industrial buildings totaling 379,440 square feet in Sewickley, located northwest of Pittsburgh, for $53.5 million. Known as the 79 North Portfolio, the buildings are situated on a combined 88.3 acres and feature an average clear height of 22 feet. Mike Hines, Brad Ruppel and Joe Hill of CBRE, along with Mateo Villa and Connor Jangro of local commercial services firm Genfor Real Estate, brokered the deal. The buyer was an undisclosed REIT. The portfolio was 99 percent leased at the time of sale.
GRAND PRAIRIE, TEXAS — Logistics Property Co. will develop a 1.4 million-square-foot industrial park in Grand Prairie, roughly midway between Dallas and Fort Worth. The Chicago-based developer has purchased 109 acres at the intersection of President George Bush Turnpike and Shady Grove Road for the project, which will be known as Bear Creek Logistics Park. The five-building development will be constructed in two phases, with Phase I comprising 534,378 square feet across two buildings that will feature 36- to 40-foot clear heights. Completion of Phase I is slated for early 2028. Logistics Property Co. has tapped CBRE to lease Bear Creek Logistics Park.
HOUSTON — Colliers has brokered the sale of a 51,150-square-foot industrial flex building in southeast Houston. According to LoopNet Inc., the building at 9191 Gulf Freeway was completed in 2015, offers 18- to 21-foot clear heights and was 86 percent leased at the time of sale. David Carter and Jeff Peltier of Colliers represented the seller in the transaction, and Chase Spence and Jordan Trout, also with Colliers, represented the buyer. Both parties requested anonymity.
EL CAJON, CALIF. — Pacific Coast Commercial has arranged the sale of Pioneer Business Park, a multi-tenant industrial facility in El Cajon. Paradise Properties of East County LLC purchased the property from Brown Trust for $10 million. Situated on 2.5 acres at 150 Pioneer Way, the property offers 45,276 square feet of industrial space that is zoned M for manufacturing use. Ken Robak and Brian Crepeau of Pacific Coast Commercial handled the transaction on behalf of both the seller and buyer. Additionally, Pacific Coast Commercial will provide leasing and property management services for the property. Ticor Title Co.’s Church Team and Tonya Courtney handled escrow and title services.
FRIDLEY, MINN. — The Terrace Group has acquired River Tech Workplace in the Minneapolis suburb of Fridley. Midloch Investment Partners is the equity partner in the acquisition. The four-building flex industrial park totals 270,022 square feet and is situated on nearly 20 acres. Constructed in 1987, River Tech Workplace features a mix of spaces designed to accommodate tenants such as light industrial, service, technology and medical users. Bentley Smith of CBRE represented the undisclosed seller.
BEAUFORT, S.C. — Colorado-based Spartan Investment Group has acquired three self-storage facilities totaling 1,710 units in Beaufort, a city in coastal South Carolina, for an undisclosed price. The seller was also not disclosed. The facilities include a 121,643-square-foot, 694-unit property at 481 Parris Island Gateway and a 77,270-square-foot, 632-unit property at 240 SC-128. The third asset is a 30,802-square-foot, 384-unit facility at 100 Lady’s Island Commons. Totaling 229,715 rentable square feet, the newly acquired self-storage facilities represent Spartan’s first acquisitions in 2026.
RADNOR, PA. — Pennsylvania-based owner-operator EQT Real Estate has purchased a portfolio of nine industrial buildings totaling approximately 2 million square feet in Southern New Jersey. The sales price was not disclosed. The buildings are part of a master-planned park that is located along the I-95/295 corridor and house a mix of light industrial and bulk warehousing uses. Buildings feature clear heights that range from 24 to 33 feet, as well as flexible suite sizes and a total of 134 dock doors across the portfolio. The names of the tenants were not disclosed, but the buildings are leased to “blue chip [operators] in manufacturing, distribution and logistics, including national and global occupiers,” according to EQT. The new ownership also plans to explore selective redevelopment and leasing initiatives, including targeted capital improvements and enhancements to building exteriors. Brian Fiurama, Brad Ruppel, Mike Hines and Joe Hill of CBRE represented the seller, an affiliate of insurance giant New York Life, in the transaction. “This portfolio offers scale, location and flexibility in one of the most resilient industrial corridors in the United States,” said Matthew Brodnik, global chief investment officer at EQT. “With strong structural demand for modern infill logistics space, we believe …
HOUSTON — Avison Young has negotiated an 88,601-square-foot industrial lease in northwest Houston. The tenant is oilfield equipment supplier STATS International, and the deal is for the entirety of Building U within the development at 6401 N. Eldridge Parkway. Anthony Squillante and Drew Coupe of Avison Young represented the tenant in the lease negotiations. John Ferruzzo and Jack Ferruzzo of KBC Advisors, along with Ryan Wasaff and Cole Bercher of Welcome Group, represented the landlord, Chicago-based Brennan Investment Group.
GOLETA, CALIF. — A recapitalization that included Majestic Asset Management, Praelium, Blackbird Investment Group and H.I.G. Capital has acquired Tech Park @ Goleta Portfolio, a Class A technology campus spanning five business parks in Goleta, from David Fradin for an undisclosed price. The campus features 17 buildings offering a total of 733,497 square feet of Class A space designed to accommodate office, flex, laboratory and industrial uses. Approximately 58 percent of the portfolio is dedicated to industrial and R&D space. Sean Fulp, Michael Kendall, Mark Schuessler, Gian Bruno, Kenny Patricia and Blake Hammerstein of Colliers, along with Francois DeJohn and Caitlin Hensel of Hayes Commercial Group, represented Majestic Asset Management in the deal. DeJohn and Hensel represented the seller as well. CBRE’s Brad Zampa and Mike Walker provided debt and structured finance advisory services.
BURBANK, CALIF. — Kidder Mathews has arranged the sale of an industrial property located at 2231-2249 N. Hollywood Way in Burbank. A family-owned investment company sold the building to a local private investor for $14.9 million. Situated on 1.6 acres, the 47,056-square-foot property is fully leased to four tenants. The building features multiple bays and flexible warehouse and office configurations. Tanel Harunzade and Darrell Levonian of Kidder Mathews represented the seller in the deal.