Industrial

LOS ANGELES — Cinespace Studios, an owner-operator of soundstage facilities for the TV and film industry, has opened a new soundstage campus in Los Angeles. Situated in the Woodland Hills neighborhood, the new campus represents the sixth production hub worldwide for Cinespace, joining existing facilities in Atlanta; Chicago; Potsdam, Germany; Toronto; and Wilmington, N.C. “Los Angeles is where this industry was built, and where its future continues to be shaped,” says Eoin Egan, co-CEO of Cinespace Studios. “Opening a campus here has always been part of our long-term vision. While the market is navigating a period of transition, we believe deeply in the resilience of this city, the talent that defines it and the enduring demand for world-class production infrastructure.” Cinespace Studios Los Angeles comprises six 18,000-square-foot soundstages with 30-foot clear heights, as well as 72,000 square feet of production offices and additional ancillary spaces. A ribbon-cutting ceremony was held yesterday with members of Cinespace Studios, Los Angeles Mayor Karen Bass and representatives from the California Governor’s office in attendance. The new campus is opening with an active production already underway — a thriller movie called “Nightwatching” — underscoring early demand for the new stages. “This campus clearly understands what productions …

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NORTH LAS VEGAS, NEV. — EBS Realty, along with its investment partner Penwood Real Estate Investment Management, has broken ground on Apex Ridge Logistics Park, a speculative campus in North Las Vegas. Totaling more than 1.3 million square feet on 90 acres, the asset will feature a 755,628-square-foot building and a 602,377-square-foot building. Situated within the Apex/North Las Vegas submarket, the buildings will offer flexible designs to cater to a variety of users, including e-commerce, manufacturing and distribution.

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SALINA, KAN. — Davcon Aviation has unveiled plans for a phased development program at Salina Regional Airport in Kansas. Cushman & Wakefield is the leasing agent for the project. In collaboration with the Salina Airport Authority, the project will be anchored by a new Class A maintenance, repair and overhaul (MRO) hangar complex. At full build-out, the development will include more than 300,000 square feet of aviation facilities, representing a capital investment of $100 million. The project follows Davcon’s recently announced developments at Wichita’s Dwight D. Eisenhower National Airport and Topeka Regional Airport. Jerry Noble, Adam Madison, Kyle Stickles, Robb Vallier and Faith Kruckenberg of Cushman & Wakefield will serve as the leasing team. Davcon Aviation Partners LLC is a national airport hangar development company based in Mesa, Ariz.

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KANSAS CITY, MO. — Hunt Midwest has formed a build-to-suit joint venture with Prologis at two Hunt Midwest-owned industrial parks in Kansas City. The 3,300-acre KCI 29 Logistics Park, Missouri’s largest industrial megasite under single ownership planned for up to 20 million square feet of industrial development, anchors the new partnership alongside the nearby Five Star Logistics Park, which is capable of supporting up to 800,000 square feet of Class A industrial space. “This partnership is a tremendous opportunity to align Hunt Midwest’s local resources with Prologis’ global user relationships to ensure Kansas City and Missouri are competing for the most impactful logistics projects,” says Ora Reynolds, president and CEO of Hunt Midwest. Hunt Midwest says the new agreement will also bolster the entire Kansas City area’s reach with site selectors, brokers, industry leaders and other clients to drive economic development in the region.

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COPIAGUE, N.Y. — A partnership between Atlanta-based developer The Ardent Cos. and Ironwood Development Partners has completed a 950-unit self-storage facility in Copiague, located on Long Island. Extra Space Storage will operate the facility, which spans 108,201 square feet, though it is unclear if that figure refers to gross or net rentable square footage. Park East Construction served as the general contractor for the project. Michael Sudano Architect PC designed the facility, and R&M Engineering acted as the civil engineer. A formal opening took place in mid-December.

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HOUSTON — Modular Power Solutions has signed a 435,680-square-foot industrial lease in North Houston. The provider of electrical solutions for the data center industry will occupy the entirety of Maverick Distribution Center, a newly built, 26-acre development that is adjacent to George Bush Intercontinental Airport. Building features include a cross-dock configuration, 40-foot clear heights, 185-foot truck court depths and “generous” car and trailer parking allotments. Mac Hall, Tyler Maner and Abraham Richardson of Stream Realty Partners represented the tenant in the lease negotiations. Kevin Wyatt and Robert Willard represented the landlord, Dallas-based Lincoln Property Co., on an internal basis.

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FORT WORTH, TEXAS — Brio Direct Marketing Inc. has signed a 21,075-square-foot industrial lease expansion in Fort Worth. The provider of mail marketing services also renewed its existing lease within Riverbend Business Park, a 32-building, 1.4 million-square-foot development. Grayson Fleitz and Matt Carthey of Holt Lunsford Commercial represented the landlord, Riverbend Properties, in the lease negotiations. The tenant was self-represented.

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PARSIPPANY, N.J. — A partnership between two New Jersey-based firms, The STRO Cos. and Kushner Real Estate (KRE) will develop a 65,000-square-foot industrial project in Parsippany, about 30 miles west of New York City. The building at 3 Century Drive will offer 36-foot clear heights, 10 dock doors, one drive-in door and divisibility to 32,000 square feet. Vertical construction is underway, and completion is slated for the fall. Resource Realty is the leasing agent.

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NORTHLAKE, TEXAS — MP Materials (NYSE: MP), the leading American producer of rare earth materials and permanent magnets, has selected Northlake for its new $1.3 billion rare earth magnet manufacturing campus. CBRE arranged the sale of the site, which is situated within the 27,000-acre AllianceTexas master-planned development in the Dallas-Fort Worth metroplex, on behalf of the developer, Hillwood. The new site, dubbed “10X,” is expected to serve as the center of the United States’ rare earth magnet supply chain. It is located less than 10 miles from MP’s existing “Independence” facility in Fort Worth, which began commercial production in 2025 as a 250,000-square-foot downstream center for rare earth metal, alloy and magnet production. 10X is the result of MP Materials’ previously announced public-private partnership with the U.S. Department of War (DoW), which was established in July 2025 to accelerate U.S. rare earth magnet independence, according to the company’s press release. The DoW holds a 15 percent stake in the company. “10X is about building industrial strength at a scale the United States has not seen in generations, and the exceptional talent and infrastructure in North Texas make it possible,” says James Litinsky, founder, chairman and CEO of MP Materials. “We are advancing key objectives …

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HOUSTON — Boston-based investment firm Cabot Properties has purchased Corporate Center Fannin, a 370,264-square-foot industrial park in southwest Houston. The development consists of two buildings: a 218,966-square-foot, cross-dock facility that was built in 2002 and a 151,298-square-foot, front-load building that was completed in 2022. The buildings feature 30- to 32-foot clear heights and a total of 68 dock-high doors and 10 drive-in doors. Trent Agnew, Charles Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the seller, Taurus Investment Holdings, in the transaction.

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