MILFORD, N.H. — Hitchiner, a provider of casting-based components and assemblies for the aerospace and automotive industries, has opened a 57,000-square-foot manufacturing facility in Milford, located near the Massachusetts-New Hampshire border. The build-to-suit facility will serve as a “shared services operations” center on the company’s existing campus. Locally based design-build firm PROCON handled architectural and construction aspects of the project, which began in fall 2024.
WACO, TEXAS — Cromwell Commercial Group, an affiliate of brokerage firm Coldwell Banker Commercial APEX, Realtors, has arranged the sale of a 1 million-square-foot industrial facility in Waco. The facility, which spans 56 acres at 5200 Beverly Drive, was operated as a glass bottle manufacturing facility for 80 years. The new owner, Dallas-based investment firm Keating Resources, plans to reposition the facility’s 907,000‑square‑foot distribution component for lease or sale and has rebranded the property as Waco I-35 Logistics Center. Jordan Beard of Cromwell Commercial brokered the sale of the property, and the firm has also been retained to direct and market the repositioning strategy.
FORT WORTH, TEXAS — Lee & Associates has negotiated a 123,241-square-foot industrial lease in South Fort Worth. The space is located within Carter Industrial Park. Reid Bassinger, Trey Fricke and Schaefer Amos of Lee & Associates represented the tenant, ReturnPro, which provides post-purchase services for retailers, in the lease negotiations. Cheyenne Mungaray, Forrest Cook and Jeff Rein of Stream Realty Partners represented the landlord, Agellan Capital Partners Inc.
MATHIS, TEXAS — MAG Capital Partners has purchased a 34,150-square-foot industrial facility in Mathis, about 35 miles northwest of Corpus Christi, in a sale-leaseback deal. The 37.7-acre site at 11557 State Highway 359 houses the global headquarters operations of Airforce Turbine Service and includes a private runway. Steven Okon, Blake Shaffer and Anthony Walters of JLL advised on the transaction. DWG Capital Group arranged acquisition financing for the deal on behalf of the purchaser.
WILSON, N.C. — Pharmaceutical and home consumer products giant Johnson & Johnson has announced a new multibillion-dollar life sciences facility in Wilson, which sits east of the Raleigh-Durham region along I-95 in Wilson County. The new factory will focus on the production of medicines for oncology and neurological diseases. The development is expected to create up to 500 new jobs and represents the second major investment in Wilson County for Johnson & Johnson. In October 2024, the company announced a $2 billion manufacturing campus that would support 420 jobs. That facility is currently under construction, and Johnson & Johnson has begun hiring advanced manufacturing positions. Additionally, Johnson & Johnson announced last year a $2 billion biopharmaceutical manufacturing facility in nearby Holly Springs, N.C. Civic partners on the new factory in Wilson includes the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the North Carolina General Assembly, the North Carolina Biotechnology Center, the North Carolina Community College System, the North Carolina Department of Environmental Quality, Wilson Community College, the BioPharma Crescent, Wilson County, the Wilson Economic Development Council and the City of Wilson.
BREWSTER, N.Y. — Lincoln Equities Group has received a $106 million bridge loan for the refinancing of a 618,048-square-foot industrial building in Brewster, about 60 miles northeast of New York City. Building B @ Interstate Crossings was completed in 2025 and features a clear height of 40 feet. Peter Rotchford and Christopher Pratt of JLL arranged the loan, which includes a future funding component, through affiliates of Apollo and CenterSquare Investment Management.
INDIANAPOLIS — Marcus & Millichap has negotiated the $6.7 million sale of a 51,989-square-foot industrial property in Indianapolis. Located at 3823 E. Massachusetts Ave., the facility was fully renovated in 2022 and is net leased to Service Electric Co., a subsidiary of Quanta Services. The building features a clear height of 36 feet, 17 drive-in doors, one dock door and high-capacity power. Gus Poulos, Forest Bender and Joseph DiSalvo of Marcus & Millichap represented the local seller and procured the out-of-market buyer.
BRYAN, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 693-unit facility in the Central Texas city of Bryan that is operated under the Lone Star Storage brand. The property, which totals 91,150 net rentable square feet, was sold as part of a larger, family-owned portfolio. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the Texas-based seller in the transaction. The team also procured the buyer, North Carolina-based Morningstar Properties.
HOUSTON — Provident Industrial, a division of Dallas-based Provident, will develop Wayside Distribution Center, a 157,300-square-foot project in South Houston. The site spans 10.2 acres, and the front-load building will feature 32-foot clear heights, 29 dock doors, two ramps, 114 car parking spaces and an ESFR sprinkler system. Provident is developing the project in partnership with South Florida-based Inclenberg Investments. A tentative completion date was not announced.
MANHATTAN, KAN. — Contegra Construction is building a 70,000-square-foot distribution center in Manhattan on behalf of Jones Development. Completion is slated for this spring. Dubbed Project Wildcat, the distribution center is adjacent to Manhattan Regional Airport near I-70. The development will feature a clear height of 20 feet and 12 overhead doors, including three high-speed doors at a van loading area and nine docks with full dock equipment packages. The facility will also feature 7,000 square feet of office space and an employee break area. Parking will accommodate 205 employee vehicles, 187 vans and 17 trucks.
