Wednesday, May 21, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Industrial

Caddell-Construction
FeaturesIndustrial

Rising Demand for Speed, Efficiency Drives Growth in Logistics Automation

by Taylor Williams

By Justin Spafford, construction executive at Caddell Construction In today’s fast-paced e-commerce landscape, consumer expectations for rapid, accurate delivery are reshaping supply chains. To stay competitive, retailers and logistics providers must embrace automation to enhance efficiency and meet growing demand. This transformation is happening amid broader shifts within the commercial real estate industry, including reshoring and increased reliance on automation tech. Rather than investing in costly new construction, many companies are opting to retrofit existing facilities with modern automation. This approach maximizes value and allows businesses to adapt quickly to market shifts without significant downtime. Caddell Construction has played a role in this transformation, having completed over 25 automation projects nationwide. Our current work includes nine automation projects across the United States, with another five in preconstruction and scheduled to start in the second quarter. The numbers highlight the urgency of this shift. U.S. retail e-commerce sales for 2024 are projected to reach $1.37 trillion, representing a more than 10 percent increase from the previous year, according to CapitalOne. Meanwhile, the warehouse automation market, currently valued at $19.2 billion, is expected to grow to $22.8 billion by 2030. The broader industrial automation sector is also expanding rapidly, with projections increasing …

Continue Reading
FacebookTwitterLinkedinEmail
I-35-Convergence-Park-Denton
IndustrialLeasing ActivityTexas

Lotte Global Logistics Signs 227,420 SF Industrial Lease in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Lotte Global Logistics has signed a 227,420-square-foot, full-building industrial lease at I-35 Convergence Park in the North Texas city of Denton. The speculative facility is located within Westpark Industrial Park. Joe Yoon of Realty Bank Group represented the tenant in the lease negotiations. Chris Teesdale, Tom Pearson and Ben Wallace of Colliers represented the landlord, Dallas-based Hunt Southwest. The other building at I-35 Convergence Park totals 250,080 square feet and was leased in 2021.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

Oxford Partners Arranges Sale of 12,813 SF Industrial Building in North Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of a 12,813-square-foot industrial building in North Houston. According to LoopNet Inc., the building at 15458 W. Hardy Road was constructed in 1981 and features three drive-in bays and 16-foot clear heights. Perry Mazzone and Matt Rogers of Oxford Partners represented the buyer in the transaction. Wyatt Huff of Partners Real Estate represented the seller. Both parties requested anonymity.

Continue Reading
FacebookTwitterLinkedinEmail
GeorgiaIndustrialLeasing ActivitySoutheast

Lee & Associates Arranges 88,300 SF Industrial Lease in Douglasville, Georgia

by John Nelson

DOUGLASVILLE, GA. — Lee & Associates has arranged an 88,300-square-foot industrial lease at 9850 Commerce Way in Douglasville, roughly 22 miles west of Atlanta. Joseph Mullican and Lee Steed of Lee & Associates’ Atlanta office represented the tenant, Peco Fasteners, a distributor of industrial fasteners and electrical products, in the lease negotiations. The landlord was Ridgeland, Miss.-based EastGroup Properties and the deal totaled $10.7 million, according to Lee & Associates.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaIndustrialWestern

Faropoint Acquires Multi-Tenant Industrial Building in Torrance, California for $9.9M

by Amy Works

TORRANCE, CALIF. — Faropoint has entered the Los Angeles market with the purchase of a multi-tenant industrial property at 605-655 Hawaii Ave. in Torrance, a suburb 20 miles south of Los Angeles. The asset traded for $9.9 million. The name of the seller was not released. Built in 1963, the 36,491-square-foot facility is leased to four tenants. The property features tilt-up construction, a clear height of 18 feet and six double dock-high loading doors. Faropoint plans to implement a value-add strategy for the property, including targeted capital improvements and lease optimization.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestWisconsin

Midloch, Fountain Acquire 131,558 SF Industrial Property in Madison, Wisconsin

by Kristin Harlow

MADISON, WIS. — Midloch Investment Partners and Fountain Real Estate Capital have acquired Tradesmen Industrial, a 131,558-square-foot industrial property in Madison. The purchase price was undisclosed. Midloch and Fountain are co-investors in the facility, which can accommodate warehouse, distribution and manufacturing uses. The asset is fully leased to three tenants. Completed in 2023, the property is located at 5525 Tradesmen Drive and features a clear height of 32 feet, 14 loading docks and direct access to I-39, I-90, Highway 12 and Highway 18. Fountain will handle leasing and management for the property. Judd Welliver of CBRE brokered the sale. Mike Vannelli of CBRE arranged a new mortgage loan through Magnifi Financial on behalf of the buyers.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Lee & Associates Negotiates 25,631 SF Industrial Lease in Bensenville, Illinois

by Kristin Harlow

BENSENVILLE, ILL. — Lee & Associates has negotiated a 25,631-square-foot industrial lease at 1071 Thorndale Ave. in the Chicago suburb of Bensenville. The lease brings the property to full occupancy. Chris Nelson of Lee & Associates represented the landlord, Prologis. Jeff Fischer of KBC Advisors represented the tenant, McDonald Associates Inc., an Elk Grove-based electrical manufacturer’s representative company focused on providing sales and warehousing solutions for clients.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityTexas

Transwestern Negotiates 84,633 SF Industrial Lease in Georgetown, Texas

by Taylor Williams

GEORGETOWN, TEXAS — Transwestern has negotiated an 84,633-square-foot industrial lease in Georgetown, a northern suburb of Austin. The tenant is 84 Lumber, which already operates a lumberyard in Georgetown and is the process of expanding. The space is located within Blue Springs Business Park, a three-building, 604,064-square-foot development. Nash Frisbie of Transwestern and Carter Thurmond of Endeavor Real Estate Group represented the landlord, Chicago-based Molto Properties, in the lease negotiations. The tenant was self-represented.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialSoutheastVirginia

LS GreenLink Closes on Land Acquisition in Chesapeake, Virginia for New $681M Power Cable Manufacturing Facility

by John Nelson

CHESAPEAKE, VA. — LS GreenLink USA Inc., a subsidiary of LS Cable & System Ltd., has closed on the purchase of 96.6 acres in the Hampton Roads city of Chesapeake. Situated along the Elizabeth River near the Port of Virginia, the site will house a new submarine power cable manufacturing facility spanning 750,000 square feet and a 660-foot VCV (vertical continuous vulcanization) tower that is expected to be the tallest structure in the state upon completion. LS GreenLink plans for the new facility to involve more than $681 million in investment and to be fully operational by early 2028. The company will manufacture insulated power cables at the facility that will be used to connect offshore wind farms, such as the Coastal Virginia Offshore Wind (CVOW) project underway off the coast of nearby Virginia Beach. Construction on the new manufacturing facility, which was announced last year, will take place this month. LS GreenLink plans to use roughly half of the newly acquired site for the manufacturing facility and VCV tower, reserving the remaining land for future phases of development. Woods Rogers Vandeventer Black PLC and JLL represented the seller, International Bio-Energy Virginia Real Estate LLC, in the land sale. K&L …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaIndustrialSoutheast

Miller Construction Breaks Ground on 112,000 SF Warehouse in Orlando

by John Nelson

ORLANDO, FLA. — Miller Construction has broken ground on a new 112,000-square-foot warehouse at 5711 N. Pine Hills Road in Orlando. The $20.7 million project is dubbed First Pine Hills and will serve as a build-to-suit facility for Addison HVAC LLC. Miller Construction is the general contractor for the project, which First Industrial Realty Trust is developing. Other members of the design-build team include C4 (architect and MEP engineer), Mendieta Structural Consulting Inc. (structural engineer) and Oxbow Engineering (civil engineer). Situated west of I-4, the new facility will feature tilt-wall construction, structural steel and a TPO roof. The project is expected to deliver in the third quarter.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts