SHELTON, CONN. — L’Amy America has signed a 27,461-square-foot industrial lease renewal in Shelton, located in southern Connecticut’s Fairfield County. The provider of eyewear products also signed a 5,016-square-foot lease for its new office headquarters in Shelton at a site that is about a mile away from the warehouse. John Hannigan of locally based brokerage firm Choyce Peterson represented the tenant in both deals.
ATLANTA — Invesco Commercial Real Estate Finance Trust Inc., a REIT backed by the real estate arm of Atlanta-based global investment manager Invesco (NYSE: IVZ), has provided a $354.6 million loan for the refinancing of a national portfolio of 24 industrial properties totaling roughly 2.4 million square feet. The borrower was Bridge Logistics Properties, an affiliate of Salt Lake City-based Bridge Investment Group (NYSE: BRDG). Information on tenancy, years of construction and existing lease terms of the portfolio was not disclosed, nor were specific loan terms, outside of the debt being structured with a sub-70 percent loan-to-value ratio. The portfolio’s locations are scattered across six states, and the geographic breakdown is as follows: “This financing aligns with our strategy of originating high-quality, income-generating loans secured by institutional-quality assets in what we consider to be the most liquid markets around the United State and Europe,” says Yorick Starr, managing director of Invesco Real Estate.” “This loan is complementary to our existing portfolio of moderate leverage loans made to the highest quality institutional sponsors in the industry,” adds Charlie Rose, global head of credit at Invesco Real Estate. — Taylor Williams
HOUSTON — Locally based developer Triten Real Estate Partners has broken ground on a 392,650-square-foot industrial project in North Houston. The site spans 25 acres at the corner of FM 1960 and Kenswick Drive, and the development will consist of two front-load distribution buildings. Method Architecture is designing the project, and Harvey Builders is serving as the general contractor. CBRE is the leasing agent. Completion is scheduled for February 2026.
BAYTOWN, TEXAS — PGIM Real Estate has provided a $78 million loan for the refinancing of a 281,849-square-foot cold storage facility located in the eastern Houston suburb of Baytown. The newly constructed facility is situated on a 30.7-acre site within TGS Cedar Port Industrial Park. The borrower is a joint venture between Philadelphia-based BG Capital and cold storage operator Freezpak Logistics. PGIM was also involved in financing construction of the property.
DALLAS — Locally based investment firm CanTex Capital has acquired a 266,200-square-foot industrial facility in South Dallas. The 20.7-acre site is located within Mountain Creek Business Park and includes four undeveloped acres for outdoor storage or future expansion. Building features include 34-foot clear heights, approximately 8,000 square feet of office space and 285 parking spaces. CanTex acquired the facility in partnership with Dallas-based DB9 Capital. The seller and sales price were not disclosed.
LITCHFIELD, ARIZ. — EQT Real Estate has purchased Sarival Logistics Center, an industrial development in Litchfield, from an undisclosed real estate investment management firm for $128.2 million. Located at 6390 N. Sarvial Ave., the single-tenant building features 1.2 million square feet of industrial space. Logistics Plus, a worldwide provider of transportation, logistics and supply chain solutions, fully occupies the asset. Situated 25 miles west of Phoenix, Sarival Logistics Center is positioned at Loop 303 and West Bethany Home Road and offers access to I-10. Will Strong, Molly Hunt, Michael Matchett, Jack Stamets and Madeline Warren of Cushman & Wakefield’s National Industrial Advisory Group — Mountain West represented the seller in the sale. Mike Haenel, Andy Markham and Justin Smith of Cushman & Wakefield provided market leasing advisory in the sale.
GREENSBORO, N.C. — JetZero, a California-based aerospace startup company, will open a $4.7 billion manufacturing facility at Piedmont Triad International Airport in Greensboro. Construction on the facility is expected to begin in the first half of 2026, with the first deliveries beginning in the early 2030s. The facility will house production of the company’s commercial all-wing design airplane titled Z4. Once the site is operational, the company’s headquarters will be relocated from Long Beach, Calif. to Greensboro. JetZero projects that the facility will account for the creation of about 14,500 new jobs by 2063, providing opportunities for collaboration with academic and vocational training institutions. “North Carolina offers the ideal combination of talent, infrastructure and forward-thinking leadership to support our mission to reshape aviation,” says Tom O’Leary, CEO and co-Founder of JetZero. JetZero has partnered with the smart infrastructure, electrification and automation divisions of German congolomerate Siemens to design a “factory of the future” that will be fully digital and AI-driven in order to increase speed, cut costs and improve quality to outpace original equipment manufacturers. Z4 planes will be able to accommodate 250 passengers with up to 50 percent better fuel efficiency than today’s commercial tubes and wing jets, according to JetZero. By …
VAN ALSTYNE, TEXAS — Marcus & Millichap has brokered the sale of a 410-unit self-storage facility in Van Alstyne, about 50 miles north of Dallas. Situated on an 8.7-acre site, Van Alstyne Self Storage spans 92,220 net rentable square feet across 42 climate-controlled units, 208 non-climate drive-up units, 91 covered parking spaces and 69 uncovered parking spaces. The facility also has an onsite residence. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a local partnership, in the transaction. The duo also procured the buyer, a Dallas-based private investor. Both parties requested anonymity.
LATHROP, CALIF. — Dermody has purchased Tripoint Logistics Center Bldg. 1, a Class A industrial building in Lathrop. Terms of the acquisition were not disclosed. The 1.1 million-square-foot property is situated on 49.6 acres within a 300-acre master planned logistics park. Wayfair, an e-commerce company, occupies the cross-dock facility that features drive-around access and 40-foot clear heights. Wayfair uses the facility to distribute to all of its North American warehouses. Rebecca Perlmutter and Tom Davis of CBRE brokered the transaction.
MESA, ARIZ. — Brinkmann Constructors has completed a build-to-suit office and manufacturing facility in Mesa for Super Radiator Coils. Founded in 1928, the family-owned engineering and manufacturing company specializes in industrial heat exchangers and ancillary products used in a variety of applications, including power generation, gas compression, HVAC, industrial refrigeration, data center and electronics cooling, wind tunnels and semiconductor manufacturing. Designed by Ware Malcomb, the 150,000-square-foot property includes 18,000 square feet of Class A office uses, an engineered clean room area and the capacity to expand by another 50,000 square feet. The facility’s fully air conditioned manufacturing area is equipped with extra-thick cement flooring to accommodate an array of specialized machinery, overhead cranes and above-ground testing tanks. The facility features individual employees lockers, a large break room on the main floor and a coffee bar/quick mart. Additionally, the 11-acre site is equipped with EV charging stations and the structure design incorporates the correct roof loading and electrical infrastructure to accommodate future solar panel installation.