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Industrial

9323-Balboa-Ave-San-Diego-CA
CaliforniaDevelopmentIndustrialWestern

Rexford Industrial to Develop 177,551 SF Building in San Diego

by Amy Works

SAN DIEGO — Rexford Industrial is developing a Class A, single-tenant industrial building located at 9323 Balboa Ave. in San Diego’s Kearny Mesa submarket. Slated for completion in the second quarter of 2027, the freestanding property will feature 166,734 square feet of warehouse space, 10,817 square feet of office space, 36-foot clear heights, 24 dock-high loading doors, two grade-level doors and 208 parking stalls. Additional features will include solar production energy, EV charging stations, LED lighting and TPO roofing with high solar reflectivity value. The site provides immediate access to I-15 and State Route 163, allowing for convenient connections to State Route 52 and interstates 8 and 805. Bill Dogan, Ryan Sparks and Chris Pascale of CBRE are handling leasing for the property.

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DevelopmentIllinoisIndustrialMidwest

Peak Construction to Build 428,900 SF Spec Warehouse in Algonquin, Illinois

by Kristin Harlow

ALGONQUIN, ILL. — Peak Construction Corp. will serve as the general contractor for Building 4 at 90 & Randall Logistics Park in Algonquin. NorthPoint Development is the developer. The 428,900-square-foot speculative warehouse will feature a clear height of 40 feet, 44 dock doors, four drive-in doors, 104 trailer stalls and 277 car spaces. The project is slated for completion in the fourth quarter. The project team includes architect studioNorth and civil engineer Atwell. The industrial park is located at the intersection of I-90 and Randall Road.

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AcquisitionsIndianaIndustrialMidwestSelf-Storage

Marcus & Millichap Negotiates Sale of 423-Unit Self-Storage Facility in Fort Wayne

by Kristin Harlow

FORT WAYNE, IND. — Marcus & Millichap has negotiated the sale of The Storage Place, a 45,950-square-foot self-storage facility in Fort Wayne. The property comprises 15 drive-up buildings with 423 non-climate-controlled units and 36 outdoor parking spaces. It is located adjacent to Fort Wayne International Airport. Jeffrey Herrmann and Sean Delaney of Marcus & Millichap represented the seller and procured the buyer, both of which were Indiana-based limited liability companies.

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Storage-Post-Nyack-New-York
AcquisitionsIndustrialNew YorkNortheastSelf-Storage

JLL Negotiates Sale of 557-Unit Self-Storage Facility in Nyack, New York

by Taylor Williams

NYACK, N.Y. — JLL has negotiated the sale of a 557-unit self-storage facility located at 92 State Route 59 in Nyack, located near the New York-New Jersey border. The facility was built in 1996 and was 87 percent occupied at the time of sale. JLL represented the seller, Go Store It, in the transaction and procured the buyer, Storage Post Self Storage, which has since rebranded the property. The sales price was not disclosed.

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Sky-Harbor-Logistics-Tempe-AZ
ArizonaDevelopmentIndustrialWestern

Lincoln Breaks Ground on Office-to-Industrial Redevelopment Near Phoenix Sky Harbor Airport

by Amy Works

TEMPE, ARIZ. — Lincoln Property Co. has broken ground on Sky Harbor Logistics, an office-to-industrial conversion project in Tempe. Located at 1515 W. 14th St., the development will bring two Class A logistics buildings to the Phoenix Sky Harbor International Airport submarket. Lincoln has been active on the Sky Harbor Logistics site since 2024, managing the demolition of an almost 220,000-square-foot office building and parking garage to make the parcel shovel-ready. The infill site was originally developed as an industrial property in 1977 and converted to office use in 2018. Upon completion in spring 2027, the 16.25-acre Sky Harbor Logistics will feature a 128,105-square-foot Building A and a 127,661-square-foot Building B. Each building will offer a clear height of 32 feet, 3,600 amps of power, 44 dock doors, four drive-in doors and 266 parking spaces, as well as a shared 190-foot truck court. The facilities will also feature ESFR sprinklers, LED lighting and clerestory windows. Designed for single- or multi-tenant use, both buildings are divisible to 32,000 square feet, with multiple architectural entries and two 1,592-square-foot office spec suites per building and HVAC installed. The project team includes Butler Design Group as project architect and Willmeng as general contractor. Lincoln will …

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654-W-Knudsen-Dr-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

Cica-Huntek Chemical Technology Buys 25,880 SF Industrial Building in Phoenix

by Amy Works

PHOENIX — Cica-Huntek Chemical Technology USA Corp. has acquired a freestanding industrial building, located at 1654 W. Knudsen Drive in Phoenix, from AMDVI LLC for $8 million. Michael Kitlica and John Pompey of Cushman & Wakefield represented the buyer in the deal. The site includes a 25,880-square-foot industrial building on 1.5 acres of land. Cica-Huntek will use the property to expand its U.S. operations and strengthen its ability to serve the rapidly growing semiconductor ecosystem in North Phoenix, including Taiwan Semiconductor Manufacturing Co. (TSMC). The property offers a functional industrial layout well-suited for manufacturing, assembly and distribution operations. The asset’s location provides convenient access to major transportation routes and places Cica-Huntek within a rapid expanding cluster of semiconductor and advanced manufacturing companies.

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New-Hope-Cedar-Park-Texas
AcquisitionsIndustrialTexas

JLL Brokers Sale of 271,689 SF Industrial Campus in Cedar Park, Texas

by Taylor Williams

CEDAR PARK, TEXAS — JLL has brokered the sale of a three-building, 271,689-square-foot industrial campus in Cedar Park, a northern suburb of Austin. Built in 2024 and known as New Hope, the campus spans 28.5 acres and houses shallow-bay, rear-load buildings that feature 32-foot clear heights, 200-foot truck court depths, 17 percent office finishes and a combined 82 dock-high doors and 579 parking spaces. Trent Agnew, Witt Westbrook, Kyle Mueller, Rob Ellwood and Patrick McCord of JLL represented the seller, a joint venture between three Central Texas investment firms, Riverside, Live Oak Group and Cordova Real Estate Ventures, in the transaction. The buyer was San Francisco-based Stockbridge.

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IndustrialLeasing ActivityTexas

Finial Group Negotiates 12,500 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Local brokerage firm Final Group has negotiated a 12,500-square-foot industrial lease in northwest Houston. The deal is for the entirety of the building at 6770 Bourgeois Road, which according to LoopNet Inc. was constructed in 2012 and renovated in 2024. Christian Villarreal and Tyler Holt of Finial Group represented the tenant, Firetrol Protection Systems, in the lease negotiations. The name and representative of the landlord were not disclosed.

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1447-N-Jefferson-St-Anaheim-CA
CaliforniaIndustrialWestern

JLL Arranges $26M Bridge Financing for Industrial Outdoor Storage Facility in Anaheim

by Amy Works

ANAHEIM, CALIF. — JLL Capital Markets has arranged $26 million in bridge financing for a 7.75-acre industrial outdoor storage facility located at 1477 N. Jefferson St. in Anaheim. Peter Thompson, Kyle White and Nick Englhard of JLL Capital Markets secured the nonrecourse, three-year, floating-rate loan for the borrower, North Palisade Partners. Fully leased to a Fortune 100 logistics company, the property offers 337,590 square feet of Class A industrial space. The tenant utilizes the facility as mission-critical secured parking to support two nearby distribution centers. The property includes 161 trailer parking stalls and two points of ingress and egress, serving as secure parking for delivery trucks and trailers.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Accredo Health Group Signs 40,873 SF Industrial Lease in Elgin, Illinois

by Kristin Harlow

ELGIN, ILL. — Accredo Health Group has signed a 40,873-square-foot industrial lease at 300 Airport Road within Fox River Business Center in Elgin. Kenneth Franzese, John Cassidy and Jeff Janda of Lee & Associates of Illinois represented the landlord, High Street Logistics Properties. Bob Tardy and Doug Pilcher of Cushman & Wakefield represented the tenant, which is a specialty pharmaceutical service provider. Fox River Business Center is a 176,799-square-foot industrial facility constructed in 2008. Current availability totals 29,806 square feet.

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