Industrial

Ambrose Acquires Four Midwest Industrial Assets Totaling 1 MSF for $102M

by Kristin Harlow February 16, 2026

INDIANA AND OHIO — Ambrose has acquired four industrial assets in Indiana and Ohio totaling more than 1 million square feet for just over $102 million. Artemis Real Estate Partners sold three of the facilities. An Italian and specialty foods distributor was the seller of the fourth property. The assets include 2588 Jannetides Blvd., a 512,000-square-foot facility located directly along I-70 in Greenfield, Ind., within the East submarket of Indianapolis. The property is partially occupied by Wesco with 287,500 square feet available to lease in July. The building features a clear height of 32 feet and a 27.5-acre industrial outdoor storage yard. Situated within the River Ridge Commerce Center in Jeffersonville, Ind., 200 Trey St. is a 256,500-square-foot, rear-load distribution facility. The site benefits from an on-campus rail yard operated by OmniTRAX, proximity to I-65 and convenient connectivity to the Port of Indiana-Jeffersonville and the UPS WorldPort. Niagara Bottling fully occupies the building. A 201,600-square-foot building at 6770 Shook Road in Lockbourne, Ohio, features a clear height of 32 feet and a 1.6-acre lot for trailer/van parking. Kroger and Component Hardware fully lease the property. In Whitestown, Ind., 5000 Anson Blvd. is a 151,306-square-foot cold storage building that features temperature-controlled …

February 16, 2026

Development Industrial Kansas Midwest

J.M. Smucker Co. to Invest $20.5M for Manufacturing Facility Expansion in Topeka, Kansas

by Kristin Harlow February 16, 2026

TOPEKA, KAN. — The J.M. Smucker Co. and its subsidiary Big Heart Pet Brands Inc. are making a $20.5 million investment in Topeka through an expansion of its manufacturing facility. The project includes a capital investment of $17.8 million in real property and $2.7 million in equipment. To accelerate the growth, the Joint Economic Development Organization board of Topeka and Shawnee County has approved economic development incentives totaling $383,000. Reser’s Fine Foods also recently announced a $34 million expansion in Topeka.

February 16, 2026

Industrial Market Reports North Carolina Southeast Southeast Market Reports

Strong Industrial Fundamentals, Smart Supply Fuel Momentum in the Triangle

by John Nelson February 16, 2026

The Triangle’s industrial market continues to hold strong fundamentals heading into the new year. A disciplined construction pipeline, low vacancy and high absorption fuel the market’s steady success. Disciplined constructionIndustrial developers have been incredibly disciplined when delivering new product to the Raleigh-Durham market, which has kept vacancy below 7 percent — a significantly stronger rate than peer Sun Belt markets as a result of record levels of development in recent years. With absorption rates in the Triangle averaging nearly 3 million square feet per year in the past five years, this healthy rate of delivery and absorption has propped up the region’s industrial market. That being said, the Raleigh-Durham market infill land supply has its limitations. Industrial-zoned land is difficult to find and acquisition costs are pushing $500,000 per acre in some submarkets, and rezoning is a lengthy 12-month or longer process. For these projects to be financially viable, developers have been increasing rents year-over-year to an average of over $12 per square foot across all submarkets, up from roughly $6 just five years ago. Many institutional occupiers have been willing to pay a premium to be in new, Class A space in these infill areas, but other occupiers are …

February 16, 2026

Acquisitions Arizona Industrial Office Western

Meritex Co. Acquires North Mountain Corporate Center in Phoenix for $7.2M

by Amy Works February 13, 2026

PHOENIX — The Meritex Co. has purchased North Mountain Corporate Center, a two-story Class B office building at 10400 N. 25th Ave. in Phoenix, from Macfarlan Capital Partners for $7.2 million. The buyer plans to redevelop the 109,332-square-foot building, which was delivered vacant, into an institutional-quality industrial project. Situated on 7.6 acres, the infill site offers proximity to I-17 and in-place zoning for industrial use. Brian Ackerman, Todd Noel, Kyle Campbell and Matt Baniszewski of Colliers represented the seller. Keri Scott and Alex Kas-Marogi of Newmark will handle leasing for the redeveloped property.

February 13, 2026

3419-Ritner-Highway-Newville-Pennsylvania

Acquisitions Industrial Northeast Pennsylvania

PCCP Acquires Industrial Property Near Harrisburg for $141.6M

by Taylor Williams February 13, 2026

NEWVILLE, PA. — Los Angeles-based PCCP LLC has acquired a 1.2 million-square-foot industrial property in Newville, about 35 miles west of Harrisburg, for $141.6 million. Completed in 2020 on a 93-acre site at 3419 Ritner Highway, the building features a clear height of 236 feet, 120 dock-high doors (expandable to 241), 200-foot truck court depths and parking for 265 cars and 437 trailers. John Plower and Ryan Cottone of JLL represented the undisclosed seller in the transaction. JLL also arranged an $82 million acquisition loan through QuadReal Property Group on behalf of PCCP. The building was fully leased at the time of sale to Newell Brands, a Fortune 500 manufacturer and distributor of consumer and commercial products.

February 13, 2026

Development Illinois Industrial Midwest

Brennan Investment Group to Build 140,340 SF Food Processing Facility for Tovala in Winfield, Illinois

by Kristin Harlow February 13, 2026

WINFIELD, ILL. — Brennan Investment Group has signed a long-term lease with Tovala for a new 140,340-square-foot food processing facility in Winfield. Construction on the build-to-suit project is scheduled to commence in March. Completion is slated for the second quarter of 2027. The project represents Brennan’s fourth build-to-suit development in the food service sector. Founded in 2015, Tovala is a meal delivery service. Tod Greenwood, Jack Brennan and Larry DiVito represented Brennan on an internal basis. Jonathan Kohn of Colliers represented Tovala.

February 13, 2026

Acquisitions Industrial Midwest Minnesota

Brisky Net Lease Arranges $10.3M Sale-Leaseback of Minnesota Industrial Property

by Kristin Harlow February 13, 2026

GOLDEN VALLEY, MINN. — Brisky Net Lease has arranged the $10.3 million sale-leaseback of a single-tenant industrial property occupied by Process Displays in Golden Valley. Brian Brisky represented the buyer, while Jordan Greenberg of SpaceNet Equities LLC represented the seller. The user has a new 15-year absolute triple net lease with zero landlord responsibilities and annual rent increases. The property is situated within a well-established industrial park.

February 13, 2026

Acquisitions Florida Industrial Southeast

Cabot Properties Acquires Two Logistics Portfolios in Florida Totaling More than 1.3 MSF

by Abby Cox February 13, 2026

PALM BEACH COUNTY, FLA. — Cabot Properties has acquired two logistics portfolios totaling 1.3 million square feet in Florida. The portfolios include the McCoy Logistics Center in Orlando, and a three-building logistics property in Palm Beach County. The seller and sales price were not disclosed. Spanning three buildings, the McCoy Logistics Center consists of two rear-load properties and one cross-dock facility totaling 837,115 square feet. Built between 2022 and 2023, the buildings feature dock-level loading, an average 34-foot clear height, 185-foot truck court depths, ESFR sprinkler systems, LED lighting and 555 car parking spaces. The Palm Beach County portfolio spans three rear-load distribution facilities that total 450,505 square feet. The fully leased buildings were built between 2021 and 2023 and include 32-foot clear heights, dock- and grade-level loading, ESFR sprinkler systems, LED lighting and 115- to 185-foot truck court depths.

February 13, 2026

Development Industrial Mixed-Use North Carolina Southeast

Beacon Partners Buys 119 Acres for Phase I of Durham Gateway Development

by John Nelson February 12, 2026

DURHAM, N.C. — Beacon Partners has purchased 119 acres of industrial-zoned land at the intersection of U.S. Highway 70 and Leesville Road in south Durham. Situated two miles south of Raleigh-Durham International Airport and near Research Triangle Park, the site will support the development of approximately 1.3 million square feet of Class A distribution, manufacturing and life sciences space. The project represents Phase I of Durham Gateway, a 308-acre master-planned campus that will also include 1,750 residential units, offices, shops and restaurants. The City of Durham granted Beacon entitlements for the full 308 acres in September. Durham Gateway is a joint venture between Beacon, HM Partners and SFRE Holdings. The project team includes Advanced Civil Design (civil engineer) and Merriman Schmitt (architect). Ann-Stewart Patterson, Austin Nagy and John Hogan of CBRE will lead leasing and marketing efforts for the industrial space at Durham Gateway.

February 12, 2026

Acquisitions Industrial South Carolina Southeast

Avison Young Brokers Sale of 448,765 SF Industrial Facility Near Charleston

by John Nelson February 12, 2026

SUMMERVILLE, S.C. — Avison Young has brokered the sale of 479 Trade Center Parkway, a 448,765-square-foot warehouse and distribution facility located within Charleston Trade Center in Summerville. The facility’s sole tenant at the time of sale was IFA Rotorion, an automotive supplier of prop shafts and joint competencies for auto manufacturers such as BMW, Mercedes-Benz, Porsche and Ferrari. California-based Goldrich Kest purchased the 32-acre property for an undisclosed price. Erik Foster, Michael Wilson and Alex Irwin of Avison Young brokered the transaction. The seller was also not disclosed.

February 12, 2026

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