Friday, July 11, 2025
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Industrial

AcquisitionsIndustrialMichiganMidwestNAIOffice

NAI Farbman Brokers Two Receivership Sales of Industrial, Office Assets in Michigan

by Kristin Harlow

DETROIT AND ANN ARBOR, MICH. — NAI Farbman, the brokerage arm of Farbman Group, has brokered two receivership sales in Detroit and Ann Arbor. The first sale was of 521 and 609 Old Saint Jean St., two industrial properties located a few blocks from the Detroit River. Dan McCleary and Nathan Casey of NAI Farbman brokered the deal. The second sale was of 30 Parkland Plaza and 4621 Park Road, two office properties in Ann Arbor. Brad Margolis and Wendy Acho of NAI Farbman arranged the sale. Further details were not provided.

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DevelopmentIndustrialMidwestOhio

Semi-Stow Opens 12.5-Acre Semi-Truck Parking Property in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Semi-Stow has opened a 12.5-acre semi-truck parking property at 3815 Lockbourne Industrial Parkway in Columbus. The truck yard marks Semi-Stow’s first location in metro Columbus and its second Midwest yard opening in 2024. The yard provides trucking companies and private fleets with a base for regional and intermodal freight movement. The location provides convenient access to Rickenbacker International Airport and major freight corridors including I-70, I-71, US Route 33 and the Ohio State Route 104 bypass. The property features more than 375 spaces for tractor-trailers and other heavy-duty vehicles. Daily, monthly and long-term reservations are available to owner-operators and fleets of all sizes, and larger fleets can reserve space by the acre. The yard features secure fencing with barbed wire, AI-powered gates, 4k cameras and stadium lighting. Semi-Stow maintains a portfolio of 30 truck parking locations totaling 7,000 parking spaces nationwide.

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IndustrialLeasing ActivityMidwestWisconsin

Midwest Twisters Signs 10,922 SF Industrial Lease in Muskego, Wisconsin

by Kristin Harlow

MUSKEGO, WIS. — Midwest Twisters, a company that facilitates gymnastics, ninja and parkour for youth, has leased a 10,922-square-foot industrial space in Muskego, a southwest suburb of Milwaukee. The industrial flex property is located on Mercury Drive with convenient access to Racine Avenue, a main thoroughfare in Muskego. Anthony Stevens of NAI Greywolf represented the undisclosed landlord.

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CaliforniaDevelopmentIndustrialMichiganMidwestTexasTop StoriesWestern

Home Depot Plans Four New Distribution Centers for Professional Customers

by Jeff Shaw

DETROIT, LOS ANGELES, SAN ANTONIO AND TORONTO — The Home Depot Inc. (NYSE: HD) has announced plans for four new distribution centers in Detroit, Los Angeles, San Antonio and Toronto. The new facilities are a key component of the company’s efforts to cater to professional customers such as developers, general contractors, remodelers and property managers. The new distribution centers will stock large, bulky merchandise such as lumber, insulation and roofing shingles. The new distribution centers are expected to open in the first half of this year. Home Depot has opened similar hubs across the U.S. and expects to have 17 facilities equipped with new capabilities for pros by the end of 2024. In addition to the new distribution centers, Home Depot plans to expand its offerings to professional customers with localized product assortment tailored to each market, digital tools to manage complex orders, and special credits and pricing for professional customers. “Over the last several years, we have been investing to deliver a faster, more convenient, differentiated experience for our pros,” says Chip Devine, senior vice president of outside sales for Home Depot. “Our distribution network is one piece of the comprehensive pro ecosystem we’re building to better meet the needs …

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DevelopmentIndustrialSoutheastTennessee

Urban Story Ventures to Invest $28M for New Industrial Facility in Chattanooga

by John Nelson

CHATTANOOGA, TENN. — Urban Story Ventures plans to invest $28 million for the development of a new industrial facility located within the Centre South Riverport Industrial Park in Chattanooga. The property will be situated on a 19-acre site along Amnicola Highway and the Tennessee River. The new industrial/flex facility will include at least 185,000 square feet of light to heavy industrial or logistics space, with the potential for 40,000 square feet of mezzanine space. Urban Story Ventures plans for the facility to feature several loading docks, ample parking and gated entry. The design-build team includes general contractor Grace Construction and architect Method Architecture. The construction timeline was not disclosed, though the locally based developer plans to break ground on Thursday, March 21.

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IndustrialLeasing ActivityTexas

Oxford Partners Negotiates 45,590 SF Industrial Sublease in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 45,590-square-foot industrial sublease in northwest Houston. According to LoopNet Inc., the building at 7350 Langfield Road was constructed in 2012 and totals 120,953 square feet. Jacob Summers and Stephen Hazen of Oxford Partners represented the sublessee, food distributor Very Best of Texas Inc., in the lease negotiations. Savannah Smith and Joseph Smith of CBRE represented the sublessor, Cinch Kit LLC, a provider of cabinet refacing services.

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AcquisitionsIndustrialTexas

Finial Group Arranges Sale of 21,250 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has arranged the sale of a 21,250-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 12543 Perry Road was built on 1.4 acres in 2003 and features 21-foot clear heights and 11 drive-in doors. Jason Gibbons and Tyler Holt of Finial Group represented the seller in the transaction, and Jim Rock of Avison Young represented the buyer. Both parties requested anonymity.

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AcquisitionsIndustrialNew MexicoWestern

Sonny Brown Associates Negotiates Sale of 215,256 SF Industrial Property in Santa Teresa, New Mexico

by Amy Works

SANTA TERESA, N.M. — Sonny Brown Associates has arranged the sale of an industrial building located at 465 Industrial Ave. in Santa Teresa, a suburb of El Paso, Texas. Dallas-based Hunt Southwest acquired the asset from Easton, Pa.-based MCS Industries for an undisclosed price. The 215,256-square-foot warehouse, distribution and manufacturing facility features 60-foot and 45-foot column spacing with staging bays at 40-foot deep, 32-foot clear heights, CTPAT capacity, 20 dock-high doors and one ramp door. The building features a 5,843-square-foot office space, 5,686-square-foot QC Lab space and 880-square-foot shipping/receiving office space. Additionally, the building is expandable by 45,900 square feet. Adin Brown of El Paso, Texas-based Sonny Brown Associates represented the seller and buyer in the deal.

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16705-Via-Del-Campo-Ct-Rancho-Bernardo-CA
CaliforniaDevelopmentIndustrialOfficeWestern

Drawbridge Realty Completes Construction of 80,720 SF Office/R&D Property in San Diego

by Amy Works

SAN DIEGO — Drawbridge Realty has completed 16705 Via Del Campo Court, a speculative office and R&D property in Rancho Bernardo, a master-planned community in northern San Diego. The three-story, Class A building is the first speculative office building to be constructed in the Rancho Bernardo market in more than a decade. The three-story, 80,720-square-foot building features large, efficient floor plates with 15-foot floor-to-floor ceiling heights, expansive window lines, outdoor patios on the ground level and third floor, and surface parking for more than 300 vehicles. Netherlands-based semiconductor manufacturer ASML (NASDAQ: ASML) has leased the top two floors, totaling 55,227 square feet. The first floor, totaling 25,493 square feet, is currently available for lease and being marketed by Jay Alexander and Tim Olson of JLL.

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