Friday, October 16, 2026
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Industrial

AcquisitionsIndianaIndustrialMidwest

Electric Plus Acquires 500,192 SF Industrial Facility Near Indianapolis for $38.6M

by Kristin Harlow

PLAINFIELD, IND. — Electric Plus, an Indiana-based electrical contractor, has purchased a 500,192-square-foot industrial facility in Plainfield as part of a headquarters relocation. Jason Speckman of Colliers represented the company in the $38.6 million acquisition of the property at 501 Airtech Parkway. The asset is within the Airtech business park and features cross-dock loading, a clear height of 30 feet, a temperature-controlled warehouse, extensive power resources and ample parking. Since its founding in 2006, Electric Plus has grown from three employees to more than 950 employee-owners serving clients across Indiana and beyond. The company will relocate its headquarters from Avon to Plainfield. As part of the acquisition, approximately 115,000 to 265,000 square feet will be available for lease, with Speckman leading leasing efforts.

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IllinoisIndustrialLeasing ActivityMidwest

LSL Industries, S&C Electric Sign Industrial Leases Totaling 376,503 SF in Glenview, Illinois

by Kristin Harlow

GLENVIEW, ILL. — Owner Dermody has inked two new leases at The Logistics Campus in Glenview. LSL Industries LLC has leased 81,225 square feet of Building 4, and S&C Electric Co. has fully leased Building 5, a 295,278-square-foot facility. Positioned just north of Chicago O’Hare International Airport, The Logistics Campus will total more than 3.2 million square feet of Class A logistics space upon completion. Ten buildings are planned for the development. LSL Industries is an Illinois-based manufacturer of disposable medical devices, surgical procedure kits and hospital supplies. S&C Electric is a Chicago-based global provider of technology and services for electric power systems. Suzanne Serino, Jonathan Kohn and Christopher Volkert of Colliers represented Dermody in the leases. Sam Badger and David Prell of CBRE represented LSL. Sally Macoicz, Matthew Saddler and Christopher Johnke of Cushman & Wakefield represented S&C. Three remaining spaces at The Logistics Campus are available for occupancy ranging from 66,000 to 160,000 square feet. Phase I is complete, and Phase II includes 77 acres of fully entitled, shovel-ready property.

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FeaturesHeartland Feature ArchiveIndustrial

Modular Manufacturing, VDC Are Redefining Heavy Industrial Construction

by Kristin Harlow

By Matt Willson, Holland Construction Services The pipeline of heavy industrial construction in the United States has never been larger or more demanding. Driven by a wave of reshoring, domestic manufacturing investment and landmark federal legislation, companies like Samsung, TSMC, Hyundai, Panasonic and Ford are committing tens of billions of dollars to new production facilities across the country.  Samsung alone is investing $17 billion in semiconductor fabs in Taylor, Texas. TSMC has committed more than $65 billion to three fabrication plants in Arizona. Ford and SK On are building a $5.8 billion electric vehicle (EV) battery campus in Kentucky.  The scale is extraordinary. And it is exposing a hard truth about conventional construction: The traditional field-built model cannot keep pace. The labor math doesn’t work The construction industry entered 2025 needing 439,000 additional workers just to meet existing demand. This number rose to approximately 500,000 by 2026, according to workforce data tracked by the Associated Builders and Contractors. The shortage is structural, not cyclical. Roughly 41 percent of today’s construction workforce is projected to retire by 2031, and 92 percent of contractors already report difficulty filling open positions. Forty-five percent have experienced project delays in the past year attributable directly …

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AcquisitionsIndustrialTexas

Partnership Buys 4.3-Acre Industrial Outdoor Storage Facility Near San Antonio Airport

by Taylor Williams

SAN ANTONIO — A partnership between Dallas-based Apricus Realty Capital and Baltimore-based ABR Capital Partners has purchased a 4.3-acre industrial outdoor storage (IOS) facility in San Antonio. The facility at 8799 Crownhill Blvd. is situated adjacent to San Antonio International Airport and features crane-served warehouse space, maintenance facilities, a concrete storage yard and multiple drive-in loading positions. The facility was fully leased at the time of sale. The seller and sales price were not disclosed.

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AcquisitionsIndustrialTexas

CanTex Capital Acquires 18,535 SF Industrial Building in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — Dallas-based investment firm CanTex Capital has acquired an 18,535-square-foot industrial building in New Braunfels, a northeastern suburb of San Antonio. According to LoopNet Inc., the single-tenant building at 7570 I-35 was completed in 2023. The building can also support industrial outdoor storage use. Patrick Cromwell of Savills represented CanTex in the transaction. The seller and sales price were not disclosed.

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DevelopmentGeorgiaIndustrialSoutheast

Hyundai Transys to Invest $560M for Factory Expansion in West Point, Georgia

by John Nelson

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.

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DevelopmentGeorgiaIndustrialSoutheast

SunCap to Develop 959,822 SF Industrial Project Near Port of Savannah

by John Nelson

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.

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DevelopmentIndianaIndustrialMidwest

Echo Real Estate Capital to Build 395,000 SF Industrial Development in Indianapolis

by Kristin Harlow

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.

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DevelopmentIndustrialMidwestNebraska

Opus Breaks Ground on 65,000 SF Build-to-Suit for Viking Industrial Painting in Omaha

by Kristin Harlow

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.

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AcquisitionsIndustrialNortheastPennsylvania

Benchmark, Regal Ventures Buy 85,053 SF Industrial Building in Easton, Pennsylvania

by Taylor Williams

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. 

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