Thursday, April 2, 2026
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Industrial

2915-Red-Hill-Ave-Costa-Mesa-CA
AcquisitionsCaliforniaIndustrialOfficeRetailWestern

Newmark Brokers Sale of Seven-Building Stonemill Design Center Flex Office Campus in Costa Mesa

by Amy Works

COSTA MESA, CALIF. — Newmark has arranged the sale of Stonemill Design Center, a flex office campus on 8.3 acres at 2915 Red Hill Ave. in Costa Mesa. Kevin Shannon, Paul Jones, Ken White, Brandon White, Chris Benton and Anthony Muhlstein of Newmark represented the undisclosed seller, an institutional investor, in the transaction. A private investor acquired the asset for an undisclosed price. Totaling 127,753 square feet, the campus features seven flex office buildings that are 94 percent leased by a diverse mix of commercial, industrial and office tenants. Situated in the Greater Airport Area submarket, the property is adjacent to SR-73 Freeway and offers proximity to South Coast Plaza.

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Greylyn Business Park
IndustrialNorth CarolinaSoutheast

Equus Acquires Greylyn Business Park in Charlotte for $102M

by Abby Cox

CHARLOTTE, N.C. — Equus Capital Partners has acquired Greylyn Business Park, a 19-building industrial park totaling 648,060 square feet in the Southeast Industrial submarket of Charlotte. The $102 million acquisition was completed on behalf of a value-add fund sponsored by Equus. The seller requested anonymity. Constructed between 1965 and 1998, Greylyn Business Park is currently 93 percent leased to 91 tenants. Amenities include 14- to 24-foot clear heights, a combination of dock-high and ground-level loading docks, 15 ramps and more than 1,500 parking spaces. Average suite sizes are approximately 6,550 square feet. Equus plans to implement various capital improvements at the property, such as funding deferred maintenance and modernizing building systems, curb appeal and functionality, as well as preparing vacant suites for new tenants. Equus will also reposition select suites to better align with current market preferences.

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bobs-discount-furniture-groundbreaking
DevelopmentGeorgiaIndustrialSoutheast

Omega Construction Breaks Ground on 801,000 SF Distribution Center in Macon, Georgia for Bob’s Discount Furniture

by Abby Cox

MACON, GA. — Winston-Salem, N.C.-based Omega Construction has broken ground on an 801,000-square-foot warehouse and distribution facility for in Macon for Bob’s Discount Furniture. Situated roughly 85 miles southeast of Atlanta in Central Georgia, the facility will serve as a major logistics hub to support the retail furniture chain’s growth across the Southeast. Further details of the development were not disclosed. Needham, Mass.-based Onyx Partners is leading the development, with Omega Construction serving as the design-build general contractor, in partnership with Falcon Design Consultants, Atlas Collaborative and HGA. As of early 2026, Bob’s Discount Furniture operates more than 200 stores across the U.S.

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IndustrialLeasing ActivityOfficeTexas

C&S Electric Services Signs 18,302 SF Lease at Industrial Flex Property in Plano

by Taylor Williams

PLANO, TEXAS— C&S Electric Services, a Michigan-based company, has signed an 18,302-square-foot lease in Plano. The space is located within the 82,600-square-foot industrial flex property at 2600 Technology Drive. Brian Pafford and Jared Laake of Bradford Commercial Real Estate Services represented the landlord, Kennington Commercial, in the lease negotiations. Casey Hilbun and Sara Fredericks of Newmark represented the tenant. 

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Hanover-Warehouses
DevelopmentIndustrialMarylandSoutheast

Hanover, Northwestern Mutual Deliver 509,000 SF Industrial Park in Frederick, Maryland

by Abby Cox

FREDERICK, MD. — Hanover Co. and its institutional partner Northwestern Mutual have completed construction of Frederick Airport Park, a 509,000-square-foot industrial development located in Frederick, about 44 miles northwest of Washington, D.C. Situated directly off I-70 and adjacent to Frederick Municipal Airport, Frederick Airport Park spans 37 acres and consists of two light industrial buildings featuring 36-foot clear heights. The project team included MGMA (architect), Harris Smariga (civil engineer) and Conewago (general contractor). Construction of both buildings was completed in January. Cushman & Wakefield is marketing Frederick Airport Park to potential tenants.

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AcquisitionsIndustrialNew JerseyNortheast

Sitex Group Buys 26,000 SF Warehouse in Monroe Township, New Jersey

by Taylor Williams

MONROE TOWNSHIP, N.J. — New Jersey-based private equity real estate firm Sitex Group has purchased a 26,000-square-foot warehouse in Monroe Township, located outside of Trenton in Central New Jersey. The building sits on a 5.2-acre site at 30 Abeel Road and offers a clear height of 36 feet and outdoor storage space. Mike Kimmel of KBC Advisors brokered the deal. The seller and sales price were not disclosed. KBC Advisors has also been retained as the leasing agent.

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5950-Southcenter-Blvd-Tukwila-WA.jpg
DevelopmentIndustrialSelf-StorageWashingtonWestern

SecureSpace Self Storage Opens 625-Unit Facility in Tukwila, Washington

by Amy Works

TUKWILA, WASH. — SecureSpace Self Storage has opened its newest facility located at 5950 Southcenter Blvd. in Tukwila. Formerly known as Tukwila Self Storage, the five-story, heated facility offers 53,185 square feet of storage space across 625 units in a variety of sizes. The facility is currently undergoing enhancements to meet SecureSpace’s standards. The upgraded property will feature proprietary AI-enabled cameras and sensors for enhanced security, as well as complimentary high-speed Wi-Fi.

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AcquisitionsIndustrialMidwestMissouri

SparrowHawk, Almanac Realty Acquire Distribution Center in Metro St. Louis for $28.5M

by Kristin Harlow

ST. PETERS, MO. — SparrowHawk, through a joint venture partnership with Almanac Realty Investors, has acquired Premier 370 DC II, a 366,900-square-foot distribution center on 20 acres in the Premier 370 Business Park in St. Peters near St. Louis. The purchase price was $28.5 million. Panattoni developed the property in 2023. Reaction Auto Parts occupies 265,393 square feet, while the remaining 101,000 square feet has been leased by Crown Packaging Corp. The building features a clear height of 36 feet, 60-foot loading bays, parking for 100 cars and 27 trailers, 13 dock-high doors, one drive-in door, an ESFR sprinkler system and LED lighting. Premier 370 Business Park is located at Highway 370 near I-70. Tenants include Amazon, Reckitt Benckiser and Medline. In late 2025, Almanac committed $300 million in growth capital to SparrowHawk, which utilized some of that capital for the acquisition of a 764,735-square-foot warehouse in Edgerton, Kan.

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AcquisitionsIndustrialMidwestMinnesota

Founders Properties Buys Two-Building Industrial Portfolio Near Minneapolis for $26.4M

by Kristin Harlow

EAGAN, MINN. — Founders Properties has acquired Gateway I & II, a fully leased, two-building industrial portfolio totaling 169,656 square feet on Lone Oak Road in Eagan, for $26.4 million. The properties, built in 2016 to 2018, feature a clear height of 24 feet, ample dock doors and fenced trailer parking. Judd Welliver and Bentley Smith of CBRE represented the undisclosed seller.

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EQT-real-estate-portfolio
AcquisitionsIndustrialMidwestNortheastPennsylvaniaSoutheastTexasTop StoriesWestern

EQT Real Estate Sells 7.3 MSF Logistics Portfolio Across 12 Markets

by Abby Cox

RADNOR, PA. AND LOS ANGELES — EQT Real Estate, on behalf of its EQT Real Estate Industrial Core-Plus Fund II, has sold a 36-property logistics portfolio totaling 7.3 million square feet across 12 markets. A real estate investment fund managed by Los Angeles-based Ares Management acquired the portfolio for $650 million, according to various media outlets. Marq Logistics, an affiliate of Ares Management, will manage the properties on behalf of the new ownership. “This transaction highlights EQT Real Estate’s strength in creating and realizing value across the investment lifecycle,” says Matthew Brodnik, global chief investment officer at EQT Real Estate. “The team combined thoughtful portfolio construction with EQT Real Estate’s differentiated hands-on active management to build a portfolio with strong underlying fundamentals, enhance its performance and ultimately deliver an outcome that reflects its quality and future potential.”  The portfolio spans distribution markets such as Chicago, Phoenix, Dallas, Atlanta, North Carolina, South Carolina, Southern California, Memphis, Columbus and Cincinnati. The properties are more than 95 percent leased to various tenants active in e-commerce, distribution, food-and-beverage and light manufacturing sectors. Amenities throughout the portfolio include 31-foot clear heights, cross-deck and rear-load configuration, truck courts and significant parking accommodations. John Huguenard, Trent Agnew, and …

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