Friday, November 14, 2025
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Industrial

3797-Silverado-Ct-Gilbert-AZ
AcquisitionsArizonaIndustrialWestern

Simone Charitable Foundation Buys 60,500 SF Frito-Lay Regional Distribution Center in Gilbert, Arizona

by Amy Works

GILBERT, ARIZ. — Simone Charitable Foundation has acquired a logistics facility located at 3797 S. Silverado Court in Gilbert from ATLAS for $26.8 million. Brian Ackerman of Colliers represented the buyer, while Will Strong of Cushman & Wakefield represented the seller in the deal. The 60,500-square-foot property serves as a regional distribution center for Frito-Lay, a division of PepsiCo. Delivered in 2024, ATLAS developed the property as a build-to-suit for PepsiCo Global Real Estate, and the facility is leased on a long-term basis. The asset features a 161-foot building depth, 130-foot truck court and more than 2 acres of secured concrete yard.

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Vernon-Industrial-LA-CA
CaliforniaIndustrialLoansWestern

PSRS Arranges $21M Refinancing for Multi-Tenant Industrial Property in Los Angeles

by Amy Works

LOS ANGELES — PSRS has arranged $21 million in refinancing for a 213,990-square-foot multi-tenant industrial warehouse in Los Angeles. Built in 1955, the property features a clear height of 22 feet and 13 exterior drive-in docks. Jonny Soleimani and George Gianoukakis of PSRS arranged the nonrecourse loan that features a two-year term with a one-year extension option, full-term interest-only payments and a one-year prepayment penalty through one of PSRS’ correspondent life insurance company lenders.

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IndustrialLeasing ActivityMidwestOhio

Stonemont Financial Group Secures 450,112 SF Lease at Westfield Commerce Park in Ohio

by Kristin Harlow

WESTFIELD TOWNSHIP, OHIO — Stonemont Financial Group has completed the lease-up of Westfield Commerce Park in Westfield Township near Akron following a full-building lease with B’Laster Holdings. The tenant, a specialty chemical manufacturer headquartered in Valley View, Ohio, has extended its lease to occupy the entire 450,112-square-foot speculative facility. Completed in June 2023, Westfield Commerce Park features a clear height of 36 feet, cross-dock configuration, 500 car parking spaces and 130 trailer stalls. Stonemont served as the developer and owner of the project, with Pinnacle Bank and PCCP serving as debt and capital partners. Joe Messina and David Stecker of JLL handled leasing and represented Stonemont, which has developed more than 3.5 million square feet of industrial space across Ohio.

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AcquisitionsIndustrialMidwestMinnesota

Brisky Net Lease Brokers Sale of 199,919 SF Industrial Building in Oakdale, Minnesota for $23M

by Kristin Harlow

OAKDALE, MINN. — Brisky Net Lease has brokered the $23 million sale of a 199,919-square-foot industrial building in Oakdale, a suburb of the Twin Cities. Superior 3rd Party Logistics occupies the facility, which is located at 3490 Hayward Ave. Brian Brisky of Brisky Net Lease was the only broker involved in the sale of the property, which was built in 2022 on 15.1 acres within the larger 4Front Technology & Office Campus.

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IndustrialLoansNew YorkNortheastOffice

Largo Capital Arranges $9M Refinancing of Industrial, Office Building in Amherst, New York

by Taylor Williams

AMHERST, N.Y. — Locally based financial intermediary Largo Capital has arranged a $9 million loan for the refinancing of an 81,569-square-foot industrial and office building in Amherst, a suburb of Buffalo. The property address was not disclosed, but the building was originally constructed in 1989 and was fully leased at the time of the loan closing. Jack Philips of Largo Capital originated the debt through an undisclosed bank. The name of the borrower was also not disclosed.

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DevelopmentIndustrialLeasing ActivitySouth CarolinaSoutheast

Farpoint Inks Industrial Lease With BMarko Structures in Williamston, South Carolina

by John Nelson

WILLIAMSTON, S.C. — Farpoint has executed a new 10-year lease with BMarko Structures, a manufacturer of modular buildings, at 134 Long Road in Williamston. Farpoint recently delivered the 560,240-square-foot facility in Anderson County, a submarket in the Upstate South Carolina region. BMarko’s new corporate headquarters is expected to create 225 full-time jobs and tap into the skilled workforce and advanced manufacturing presence in the I-85 corridor, according to Farpoint. BMarko’s past projects include the popular Bal Harbour Shops pop-up in Miami, as well as prefabricated data centers.

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Toyota_North_Carolina
IndustrialNorth CarolinaSoutheastTop Stories

Toyota Begins Production at $13.9B Battery Plant in North Carolina, Pledges Additional $10B Investment Over Next Five Years

by Abby Cox

LIBERTY, N.C. — Toyota (NYSE: TM) has begun production at its new $13.9 billion battery plant in Liberty, approximately 20 miles southeast of Greensboro, N.C. The 7 million-square-foot facility, which broke ground in 2021, is Toyota’s first and only battery plant outside of Japan and the company’s 11th U.S. plant. Toyota will also make an additional investment of up to $10 billion over the next five years to “support future mobility efforts,” according to company representatives. Toyota has invested nearly $60 billion since the company began its U.S. operations nearly 70 years ago.  “Toyota is a pioneer in electrified vehicles, and the company’s significant manufacturing investment in the United States and North Carolina further solidifies our commitment to team members, customers, dealers, communities and suppliers,” says Ted Ogawa, president and CEO of Toyota Motor North America (TMNA).  Toyota North Carolina is expected to create as many as 5,100 jobs. “This new facility will bring new opportunities and long-term growth to our state. It’s another sign that North Carolina continues to lead the way in manufacturing and innovation,” adds U.S. Representative Richard Hudson of North Carolina. The 1,850-acre site can produce 30 gigawatt-hours (GWh) annually at full capacity and will serve …

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DevelopmentIllinoisIndustrialLoansMidwestMultifamily

BBCP Arranges $41.5M in Financing for Industrial-to-Multifamily Conversion Project in Peoria, Illinois  

by Kristin Harlow

PEORIA, ILL. — Black Bear Capital Partners (BBCP), a subsidiary of Black Bear Asset Management, has arranged $41.5 million in financing for the redevelopment of two warehouse buildings located at 800 and 801 SW Washington St. in Peoria. Oculus Development is the owner and developer. BBCP arranged the financing in two components, both with Southern Bank. A $28.5 million construction loan features a three-year term, fixed interest rate, interest-only payments for the full term and a 66 percent loan-to-cost ratio. A $13 million historic tax credit bridge loan features a two-year term, floating interest rate, interest-only payments for the full term and a 90 percent loan-to-cost ratio. BBCP also assisted in sourcing the historic tax credit equity. The project will feature 170 apartment units and 2,500 square feet of commercial space across two adjoining warehouse buildings. Plans call for a mix of studio, one- and two-bedroom units along with 237 parking spaces. Amenities will include community lounges, laundry rooms, pet grooming stations, a fitness center, bike storage, package rooms, a reading room, movie theater, game room, pet run and courtyard.

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IllinoisIndustrialLeasing ActivityMidwest

Perfection Servo Hydraulics Signs 15,840 SF Industrial Lease in St. Charles, Illinois

by Kristin Harlow

ST. CHARLES, ILL. — Perfection Servo Hydraulics, an automation machinery manufacturing and repair company, has signed a full-building industrial lease for 15,840 square feet at 3940 Swenson Ave. in St. Charles. Luke Dummitt of Brown Commercial Group represented the tenant, which is part of SunSource, a North American equipment manufacturing, repair and fabrication business that maintains its primary Illinois facility in Addison. Eric Schneider and Joel Friedland of Brit Properties represented the undisclosed landlord. Perfection’s previous storage location in Batavia was sold. Additionally, the company sought more space for its equipment storage needs.

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AlabamaDevelopmentIndustrialSoutheast

HDA Leads 325,000 SF Adaptive Reuse Project for Gulf Distributing in Downtown Mobile, Alabama

by John Nelson

MOBILE, ALA. — HDA has announced the completion of the new headquarters for Gulf Distributing in downtown Mobile. The project was an adaptive reuse of the vacant Press-Register Building, a 1950s-era printing press, into a 325,000-square-foot beverage distribution facility. HDA’s design included renovating 225,290 square feet of existing space, an 85,040-square-foot warehouse expansion, a new 4,960-square-foot vehicle maintenance facility and a 9,166-square-foot covered cooperage for the production of barrels and tubs. Other members of the project team were not released. Founded in 1973, Gulf Distributing is a beer distributor that operates across Alabama, the Florida Panhandle and Mississippi. The family-owned company employs approximately 1,300 people and partners with more than 140 suppliers.

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