BEDINGTON, W.VA. — Penzance plans to develop a $4 billion data center campus in Bedington, a city in Berkeley County on the east side of West Virginia. The 600-megawatt (MW) hyperscale campus will be situated on 548 acres and will span 1.9 million square feet at full build-out, with the ability to scale further to meet future demand. Penzance made the announcement last week in the West Virginia State Capitol with Gov. Patrick Morrisey and other state and local government staffers. The Berkeley County site marks the first high-impact data center project approved under West Virginia’s House Bill 2014. Penzance plans to begin construction before the end of the year, with delivery of the first megawatts of capacity targeted for the end of 2028. In addition to the Bedington project, Penzance recently broke ground on a 45 MW, 240,000-square-foot data center in Chantilly, Va.
FONTANA, CALIF. — DAUM Commercial Real Estate Services has arranged the sale of an industrial distribution building located at 6260 Mango Ave. in Fontana. Magellan Value Partners sold the asset to an undisclosed buyer for $30.2 million. The end user is a clothing-based distribution company based out of New Jersey. The property offers 113,930 square feet of Class A space with a clear height of 32 feet, 19 dock-high doors and options for expandable power. Noah Samarin, David Gores and Gary Womack of DAUM represented the seller, while DAUM’s Steve Haston, along with LA Commercial’s John Lasiter, represented the buyer in the transaction.
PLATTE CITY, MO. — Colliers has brokered the sale of a 748,833-square-foot industrial facility in Platte City within metro Kansas City. Constructed in 2024, the distribution building is fully leased to Central Power Systems & Services under a long-term lease. The property features a clear height of 36 feet, 463 auto parking stalls, 74 dock doors and seven drive-in doors. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel and John Stafford of Colliers represented the seller, VanTrust Real Estate. The buyer was undisclosed.
CHICAGO — JLL Capital Markets has secured $35.6 million in acquisition financing for the Chicago Infill Industrial Seed Portfolio, a collection of four shallow-bay assets totaling 411,781 square feet in the O’Hare, Northwest Cook and North DuPage submarkets. Danny Kaufman, Lucas Borges, Mary Dooley, Emma Berner and Annie Thomas of JLL represented the borrower, a newly formed joint venture between Matterhorn Venture Partners and TPG Angelo Gordon U.S. Real Estate. The transaction represents the initial investment for the joint venture, which is targeting value-add Midwest industrial acquisitions. Built in the mid-1980s, the portfolio features clear heights ranging from 18 to 24 feet, 30 dock doors and four drive-in doors across the four buildings.
ASHBURN, VA. — The George Washington University (GW) has sold the Viginia Science and Technology Campus (VSTC) in Ashburn, about 30 miles northwest of Washington, D.C. Amazon Data Services, a subsidiary of Amazon Web Services, purchased the property for $427 million, according to local media reports. Amazon plans to develop the 122-acre site into a data center, according to The GW Hatchet, the university’s student newspaper. Ashburn is situated in Loudoun County, which is dubbed locally as “data center alley.” The transaction agreement ensures that the university has the option to keep programs at VSTC for up to five years. Launched in 1991, VSTC supports research in engineering, physics and chemistry and is home to both academic programs and administrative services. GW’s School of Nursing, the Earthquake Engineering and Structures Laboratory and the Avenir Foundation Conservation and Collections Resource Center are all housed on the campus. “As stewards of the university’s mission, we must continually assess how best to use our resources in service of our community and future generations of GW revolutionaries,” wrote Ellen Granberg, president of GW, in a letter regarding the sale. “This includes our real estate portfolio, a critical asset that supports our academic mission, the …
MONROE TOWNSHIP, N.J. — WPT Capital Advisors has acquired a 603,092-square-foot industrial property in Monroe Township, located outside of Trenton in Central New Jersey. The two-building development at 130 Interstate Blvd., which was fully leased at the time of sale, was constructed in 1999 and expanded in 2014. Building features include clear heights of 28 to 32 feet, 66 loading doors, two drive-in doors and parking for 83 trailers and 243 cars. The seller was not disclosed. Jim Cadranell, Ryan Carroll and Caleb Henry of JLL arranged an undisclosed amount of acquisition financing for the deal through PGIM Real Estate.
BOTHELL, WASH. — Colliers has arranged the sale of the Wright Group Building, an office and flex property located at 19201 120th Ave. NE in Bothell’s North Creek business park. RH Wright LLC sold the asset to Gravestone Partners for $10.2 million. Totaling 59,830 square feet, the building offers 25,000 square feet office space supported by flex and warehouse elements. The property features at least 20-foot clear heights, two dock-high doors, eight grade-level doors and 1,000 amps of power. At the time of sale, the building was partially occupied by a mix of office and service-oriented tenants, including Trane Technologies, Element Materials Technologies, ISEC Construction, Taekwondo Way, Biogenesis and Barry Glenn State Farm. David Gunther of Colliers represented the seller in the deal.
HURRICANE, UTAH — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the sale of a self-storage facility in Hurricane. A Utah-based family office acquired the asset for an undisclosed price. Jordan Farrer and Adam Schlosser of Marcus & Millichap’s LeClaire-Schlosser Group represented the seller, a local self-storage owner and developer, in the sale. Managed by Extra Space Storage, the 63,345-square-foot facility features 589 units. Situated on 3.2 acres, the asset was initially constructed in 2007 and underwent a full renovation in 2024 concluding with the opening of a Phase II in 2025. The property features 12 single-story self-storage buildings with 328 drive-up units, a gated entry with digital keypad, a separate onsite management office in front of the entrance gate, 24/7 video surveillance, asphalt driveways and units with roll-up doors.
PLAINFIELD, ILL. — Trammell Crow. Co. (TCC) has announced a full-building lease and plans for Phase II of Plainfield Business Center in Plainfield, about 40 miles southwest of downtown Chicago. RJW Logistics Group has leased Building 1, which totals 788,000 square feet. TCC plans to break ground on Building 2 in the second quarter. That building will also total 788,000 square feet. RJW is a retail-focused logistics and supply chain solutions provider. The Woodridge, Ill.-based company operates more than 16 distribution centers across Illinois, Texas and Pennsylvania. Dominic Carbonari of JLL represented RJW in its lease negotiations. Matt Mulvihill and Phil DeBoer of CBRE represented the landlord. Building 2, which is being built on a speculative basis, will sit on 46 acres and feature a clear height of 40 feet, 80 dock doors expandable to 156 and 211 trailer parking stalls. The site offers proximity to both I-55 and I-80. At full build-out, Plainfield Business Center will encompass more than 8 million square feet of industrial space. Harris Architects designed Plainfield Business Center, and Krusinski Construction Co. was the general contractor for Phase I. Kimley-Horn is the civil engineer.
EDGERTON, KAN. — SparrowHawk has completed its first acquisition since securing $300 million in growth capital from Almanac Realty Investors. The company acquired a 764,735-square-foot warehouse in Edgerton near Kansas City that is fully leased. The building is within Logistics Park KC, an industrial park that currently has 17 multi-tenant buildings totaling 10.8 million square feet. Developed in 2016, the property is occupied by two tenants. In mid-2025, Faith Technologies took occupancy of 463,435 square feet at the north end of the building. Smart Warehousing, which occupies 302,492 square feet of space, is an original tenant of the building. The property features 101 dock doors, four drive-in doors, parking for 337 cars and 99 truck trailers and a clear height of 36 feet. Mark Long and John Hassler of Newmark Zimmer represented both SparrowHawk and the seller, a development firm and its institutional capital partner.