Industrial

Prime Data Centers Breaks Ground on Three Buildings at $3B Metro Phoenix Campus

by John Nelson May 26, 2026

AVONDALE, ARIZ. — Prime Data Centers, a Dallas-based developer and operator of hyperscale and purpose-built data centers, has broken ground on the first three facilities at PHX01, a five-building data center campus in Avondale. The 66.5-acre park sits roughly 19 miles west of Phoenix via I-10. Each data center at PHX01 will span 267,000 square feet and offer 48 megawatts (MW) of critical IT load capacity. The 1.3 million-square-foot campus will offer 240MW of total critical power upon completion. “Breaking ground on PHX01’s first three buildings is a defining moment for Prime’s partnership with Avondale and for the greater Phoenix region,” says Michael Wall, executive vice president of product delivery at Prime Data Centers. “This first phase represents the beginning of a long-term investment in Avondale, and the infrastructure we are putting in place today is built to scale alongside the demands of our customers for years to come.” An undisclosed hyperscale user has committed to leasing the first three buildings for which construction is underway at PHX01. Prime Data Centers is marketing Buildings 4 and 5 to single or multi-tenant hyperscale users. “This more than $3 billion investment by Prime with its customers investing an average 2X more represents a …

May 26, 2026

Florida Industrial Market Reports Southeast Southeast Market Reports

Southwest Florida Industrial Market Is Primed for a Surge

by John Nelson May 25, 2026

When it comes to the Florida commercial real estate market, the conversation typically gravitates toward the larger metro areas. However, for those of us on the ground, it’s clear that Southwest Florida is becoming a key player in the state, particularly for industrial users. By nearly every measurable standard — population growth, job creation and infrastructure investment — Southwest Florida continues to outperform much of the United States. Industrial users and investors have taken notice, and so far in 2026, leasing activity has already outpaced all quarters in 2025. According to the latest Colliers market report, the market has absorbed 115,777 square feet of flex and industrial space in the first quarter alone, compared to fourth-quarter 2025 which saw (-189,303 square feet) of negative absorption. This is due to pent-up demand from users taking a cautious “wait-and-see” approach last year. And while the factors preventing them from making decisions in 2025 still exist, the sheer necessity of a physical presence in the area has finally outweighed the perceived risks. ‘Supply reset’ On paper, the data might give pause. Overall vacancy in Southwest Florida rose to 9.7 percent in first-quarter 2026, a sharp departure from the 7.2 percent we saw just …

May 25, 2026

Development Industrial Texas

Provident Industrial Completes 161,408 SF Project in Arlington

by Taylor Williams May 22, 2026

ARLINGTON, TEXAS — Provident Industrial, a division of locally based firm Provident, has completed A20 Logistics Center, a 161,408-square-foot project in Arlington. The development features 32-foot clear heights, 34 dock doors, two oversized drive-in doors with ramps, 130-foot truck court depths and 2,100 square feet of speculative office space. Provident developed A20 Logistics Center in partnership with Humphreys Capital and Farmers Bank & Trust. LGE Design Build handled the architectural and construction aspects of the development. JLL is marketing the property for lease.

May 22, 2026

Industrial Leasing Activity Texas

Finial Group Negotiates 14,100 SF Industrial Lease Renewal in Northwest Houston

by Taylor Williams May 22, 2026

HOUSTON — Local brokerage firm Finial Group has negotiated a 14,100-square-foot industrial lease renewal in northwest Houston. The tenant, Commando Pressure Control, which serves the energy industry, has been a tenant at the building at 11614 Canyon Trail Drive for more than 10 years. Tyler Holt and Christian Villarreal of Finial Group represented the undisclosed landlord in the lease negotiations.

May 22, 2026

Industrial Leasing Activity New York Northeast

Capstone Logistics Signs 37,000 SF Industrial Lease in Elmsford, New York

by Taylor Williams May 22, 2026

ELMSFORD, N.Y. — Capstone Logistics has signed a 37,000-square-foot industrial lease in Elmsford, located north of New York City in Westchester County. The space is located within the newly renovated building at 700 Executive Blvd. Michael Rao of New York Commercial Realty Group represented the tenant in the lease negotiations. Brendan Hickey internally represented the landlord, GHP Office Realty.

May 22, 2026

Acquisitions Industrial Southeast Virginia

Lingerfelt Sells Logistics Park in Colonial Heights, Virginia for $78.2M

by Abby Cox May 22, 2026

COLONIAL HEIGHTS, VA. — Lingerfelt has sold Ashton Logistics Park, a 523,047-square-foot industrial facility located in Colonial Heights, a suburb of Richmond. Newmark represented Lingerfelt in the $78.2 million transaction. The buyer requested anonymity. Delivered by Lingerfelt in 2024, Ashton Logistics Park spans 52 acres and features two buildings situated at 1630 and 1660 Ashton Park Drive. The buildings were fully leased at the time of sale with an 8.5-year weighted average lease term (WALT) remaining. The first building is a 437,657-square-foot cross-dock facility that is leased to Article.com, a Vancouver-based direct-to-consumer furniture and home décor brand. The second building is an 85,750-square-foot rear-load facility that is leased to Shepherd Electric Co., a wholesale electric distributor and wholly owned subsidiary of Graybar. The project team included ARCO Design-Build (architect and general contractor) and Townes Site Engineering (civil engineer). Range Commercial Partners manages Ashton Logistics Park, while Colliers handles leasing at the property.

May 22, 2026

Acquisitions California Industrial Western

Premier Logistics, Penwood Acquire Two Industrial Buildings in Inland Empire Totaling 1.5 MSF

by Amy Works May 22, 2026

RIALTO, CALIF. — Premier Logistics Properties, in partnership with Penwood Real Estate Investment Management, has purchased two infill big-box warehouses in the Inland Empire. Totaling 1.5 million square feet, the acquisition includes two Class A buildings located at 1568 and 1660 N. Linden Ave. in Rialto. Situated on 107 acres, the assets feature 36- to 42-foot clear heights, full concrete truck courts and “significant” employee parking and trailer storage. Steve Silk and Mark Alfert of Eastdil Secured represented the undisclosed seller, while Bo Mills of KBC Capital Partners represented the buyers in the transaction.

May 22, 2026

Acquisitions Industrial Oregon Western

Colliers Brokers $30M Sale of Meadowlark Industrial Center Near Portland

by Amy Works May 22, 2026

CORNELIUS, ORE. — Colliers has negotiated the sale of Meadowlark Industrial Center, a Class A industrial facility located at 404 N. Holladay St. in Cornelius, a suburb in Portland’s Sunset Corridor/Silicon Forest submarket. The asset traded for $30 million, or $193 per square foot. The names of the buyer and seller were not released. Situated on 7.3 acres, the property was developed in 2024 and designed to accommodate both traditional distribution and specialized users. Omega Morgan, a specialized heavy equipment transport provider, fully occupies the 154,646-square-foot facility on a long-term basis. Mike Kendall, Gian Bruno, Nick Mascheroni, Kenny Patricia and Kylie Jones of Colliers led the transaction. Jerry Matson, Mike Thomas and Karen Lisignoli of Colliers provided local market support. Colliers’ Chris Johnson and Brett Johnson represented the buyer in the deal.

May 22, 2026

Industrial Leasing Activity Midwest North Dakota

Horwitz Signs 150,000 SF Industrial Lease in Fargo, North Dakota

by Kristin Harlow May 22, 2026

FARGO, N.D. — Minnesota-based mechanical contractor Horwitz LLC has signed a 150,000-square-foot industrial lease at Building 4 of the Dakota Commerce Center, a 633,200-square-foot industrial park in Fargo. CBRE’s Chance Lindsey, Kyle Ferderer and Levi Gross represented the owner and development partners, Hyde Development and Gremada Industries. Dakota Commerce Center offers immediate access to I-29 and proximity to Hector International Airport. Construction on the four-building development began in 2021, with the delivery of the final building in first-quarter 2026. The park is now fully leased.

May 22, 2026

Acquisitions Indiana Industrial Midwest

MAG Capital Partners Acquires Two Indianapolis Cold Storage Facilities in Sale-Leaseback

by Kristin Harlow May 22, 2026

INDIANAPOLIS — MAG Capital Partners has acquired two temperature-controlled properties in Indianapolis from FreshEdge, a distributor of customized fresh food solutions, in a sale-leaseback transaction. Situated along I-70, the company’s 104,114-square-foot headquarters facility at 4501 Massachusetts Ave. features clear heights ranging from 23 to 34 feet, 39 dock doors and one drive-in door. The transaction also includes 5930 W. 82nd St., a 28,800-square-foot warehouse with a clear height of 21 feet and four drive-in doors. Todd Heine, Brendan Keely, Daniel LaPierre and Noah Shutan of Colliers brokered the sale.

May 22, 2026

Newer Posts

Older Posts