Friday, October 10, 2025
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Industrial

AcquisitionsIndustrialMidwestWisconsin

CBRE Negotiates $10M Sale of Industrial Property in Waukesha, Wisconsin

by Kristin Harlow

WAUKESHA, WIS. — CBRE has arranged the sale of Ridgeview Industrial Center IV in Waukesha for $10 million. Bentley Smith, Joe Horrigan, Ryan Bain, Zach Graham, Judd Welliver and Mike Caprile of CBRE represented the seller, Mohr Capital. Billy Mork, Mike Vannelli and Joel Torborg of CBRE arranged a five-year, fixed-rate acquisition loan on behalf of the buyer, Capital Partners. Located near the I-94 and Redford Boulevard intersection and minutes from Waukesha County Airport, the 89,405-square-foot facility was built in 2001 and renovated in 2021 and 2023. The building features a clear height of 22 feet, one drive-in door, 14 dock doors and a 316-stall parking lot. The asset was fully occupied at the time of sale with a 7.9-year weighted average lease term.

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AcquisitionsIllinoisIndustrialMidwest

Zenith IOS Acquires Two Industrial Facilities in Metro Chicago

by Kristin Harlow

WEST CHICAGO AND BRIDGEVIEW, ILL. — Zenith Industrial Outdoor Storage (IOS) has acquired two facilities in metro Chicago: 1400 Powis Road in West Chicago and 9809 Industrial Drive in Bridgeview. Ikey Betesh of Meridian Capital Group as well as Frank Melchert, Matt Garland, Stevan Arandjelovic and Simon Porras of Cawley Commercial Real Estate sourced the two acquisitions for Zenith. The Cawley team has been retained as the leasing agent for the West Chicago property, which features a 67,500-square-foot warehouse with 5 acres of outdoor storage space.

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AcquisitionsIndustrialTexas

Sunwest Real Estate, AKRE Partners Buy 36,000 SF Warehouse in Arlington

by Taylor Williams

ARLINGTON, TEXAS — A partnership between Dallas-based Sunwest Real Estate Group and regional investment firm AKRE Partners has purchased a 36,000-square-foot warehouse in Arlington. According to LoopNet Inc., the building at 1000–1008 N. Commercial Blvd. was constructed on 2.5 acres in 1980. The seller and sales price were not disclosed. The new ownership plans to implement a value-add program at the warehouse.

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DevelopmentIndustrialNew JerseyNortheast

Lincoln Equities Completes 204,407 SF Industrial Project in Belleville, New Jersey

by Taylor Williams

BELLEVILLE, N.J. — Locally based developer Lincoln Equities Group has completed a two-building, 204,407-square-foot industrial project in the Northern New Jersey community of Belleville. The site at 681 Main Street spans 15.2 acres, and the development consists of a 91,746-square-foot building and a 112,661-square-foot building, both of which feature clear heights of 36 feet. Combined, the buildings offer 43 dock doors, four drive-in doors and 4,732 square feet of office space. Lincoln Equities has tapped CBRE as the leasing agent.

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IndustrialLeasing ActivitySouth CarolinaSoutheast

JLL Arranges 477,360 SF Industrial Lease in Duncan, South Carolina

by John Nelson

DUNCAN, S.C. — JLL has arranged a 477,360-square-foot, full-building lease for an industrial facility located at 171 International Park Drive in Duncan. Built in 2023, the facility is situated within Crossroads Logistics Park, a three-warehouse development totaling more than 800,000 square feet in the Greenville-Spartanburg industrial market. The cross-dock warehouse features 36-foot clear heights, ESFR sprinklers, LED lighting, ample trailer and auto parking and more than 2,500 square feet of office space. Perry Major, Chuck Rosien and Joan McCarthy of JLL arranged the loan on behalf of the tenant, an undisclosed global manufacturer. NAI Commercial represented the landlord, metro Chicago-based Brennan Investment Group, in the transaction.

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DevelopmentIndustrialMarylandSoutheast

CREG, Sagard Underway on 170,000 SF Speculative Industrial Facility in Metro Baltimore

by John Nelson

HAVRE DE GRACE, MD. — Chesapeake Real Estate Group (CREG) and Sagard Real Estate are underway on a new speculative industrial facility located at 1621 Clark Road in Havre de Grace, a Baltimore suburb in Harford County. The co-developers have tapped the CBRE Baltimore office to market and lease the project, which is expected to deliver in March 2026. The facility will offer 36-foot clear heights, a 180-foot truck court, 37 dock-high loading positions, 51 trailer drops, 122 vehicle parking spaces and a 2,500-square-foot speculative office suite.

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AcquisitionsIndustrialNew HampshireNortheast

Colliers Brokers Sale of 20,780 SF Industrial Building in Auburn, New Hampshire

by Taylor Williams

AUBURN, N.H. — Colliers has brokered the sale of a 20,780-square-foot industrial building in Auburn, located near the Massachusetts-New Hampshire border. The building sits on a 4.8-acre site within Wellington Business Park that can support future expansion. Abigail Bachman and Laura Nesmith of Colliers represented the buyer, an affiliate of product development company IPSUMM Inc., in the transaction. Denis Dancoes III, Thomas Farrelly and Sue Ann Johnson of Cushman & Wakefield represented the seller, Analog Devices Inc.

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IndianaIndustrialLeasing ActivityMidwest

Associated Signs 89,612 SF, Full-Building Industrial Lease in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Associated has signed a full-building, 89,612-square-foot industrial lease at The Midway Building at 5770 Decatur Blvd. in Indianapolis. Corey Chase of Newmark represented the tenant in the lease, which represents a nearly 60,000-square-foot expansion from Associated’s previous space in the same corridor. Owned by Holladay Properties, the facility features 5,425 square feet of office space, a clear height of 24 feet, 21 dock doors, two drive-in doors and more than 250 parking spaces. Delivered in 2004, The Midway Building offers convenient access to I-70, I-465 and I-69 and is located near FedEx and UPS distribution hubs. Brian Seitz, Griffin Seitz and Brian Buschuk of JLL represented the landlord. Founded in 1960, Associated provides engineering, fleet management and labor optimization services supported by equipment sales, service, rentals and parts. The company is a subsidiary of The Raymond Corp., a Toyota Industries company.

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AcquisitionsIndustrialMichiganMidwestSelf-Storage

Marcus & Millichap Brokers Sale of 635-Unit Self-Storage Facility in Plymouth, Michigan

by Kristin Harlow

PLYMOUTH, MICH. — Marcus & Millichap has brokered the sale of EZ Storage, a 635-unit self-storage facility in the western Detroit suburb of Plymouth. Completed in December 2022, the climate-controlled property totals 73,450 net rentable square feet. Brett Hatcher, Gabriel Coe and Nathan Coe of Marcus & Millichap, in association with Paul Kerber, Marcus & Millichap’s Michigan broker of record, represented the seller, an entity doing business as EZ Storage Plymouth Twp LLC. The buyer was not disclosed.

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AcquisitionsIllinoisIndustrialMidwest

NAI Hiffman Negotiates $2.6M Sale of Industrial Building in Wood Dale, Illinois

by Kristin Harlow

WOOD DALE, ILL. — NAI Hiffman has negotiated the $2.6 million sale of a 20,541-square-foot industrial building at 344 Beinoris Drive in the Chicago suburb of Wood Dale. Joe Bronson and Paddy Dwyer of NAI Hiffman represented the buyer, a metal manufacturing company that bails, stores and distributes scrap metals nationwide. The buyer will nearly triple its previous footprint of about 7,000 square feet, also in Wood Dale. With heavy power infrastructure and outdoor storage capacity, the facility enables the manufacturer to expand processing and storage while maintaining its presence in the O’Hare submarket.

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