FARMINGTON, CONN. — Colliers has negotiated the sale of a 30,829-square-foot industrial building in Farmington, located just west of Hartford. The sales price was $1.9 million. According to LoopNet Inc., the building at 145 Hyde Road was constructed on 6.5 acres in 1966 and features a clear height of 16 feet and two dock-high loading doors. Christian Dietz of Colliers brokered the deal. The buyer and seller were not disclosed.
DEKALB, ILL. — Mohr Capital has acquired 147 acres in DeKalb and broken ground on a 1 million-square-foot, build-to-suit distribution facility for an undisclosed national client. The project has the ability to be expanded to 1.5 million square feet. Located at the northwest corner of Peace Road and Fairview Drive, the facility will serve as a warehouse and distribution hub, supporting the client’s regional operations. Mohr Capital and the tenant have signed a 12-year lease for the building. The project team includes Pepper Construction, Curran Architecture and Willet Hoffman as civil engineer. CBRE’s Chicago-based project management team will oversee the development on behalf of Mohr.
COLUMBUS, GA. — JS Link America, a wholly owned U.S. subsidiary of the Korean biotechnology company JS Link, will invest $223 million for the construction of a new permanent magnet manufacturing facility in Columbus. Permanent magnets are materials that create their own persistent magnetic field and aren’t dependent on external power sources to attract or repel other magnetic materials. Permanent magnets are often used in wind turbines, elevators, home appliances, data centers, consumer electronics, Urban Air Mobility (UAM), defense systems and within the medical and automobile industries. Situated within Muscogee Technology Park, the facility is expected to create more than 520 engineering, production, construction, administrative and management jobs. Operations for the 130,000-square-foot facility are expected to begin in late 2027 with an annual production capacity of 3,000 tons. Jacob Lee, in partnership with the Development Authority of Columbus, Georgia Quick Start and Georgia Power, internally represented the Georgia Department of Economic Development (GDEcD) Global Commerce team in the JS Link America deal. JS Link is also nearing completion on a similar permanent magnet facility in Yesan, Korea, with an anticipated pilot production run this month and an annual capacity of 1,000 tons.
BUCKS COUNTY, PA. — Affinius Capital has provided a $132.4 million loan for the refinancing of an 815,000-square-foot industrial property located northeast of Philadelphia in Bucks County. Known as Lower Bucks Logistics Hub, the newly constructed facility comprises two buildings — a 361,000-square-foot rear-load structure and a 453,000-square-foot cross-dock structure — with clear heights of 40 feet. Chad Orcutt and Michael Pagniucci of JLL arranged the loan through Affinius Capital on behalf of the borrower, a joint venture between an affiliate of Boston-based Foxfield, and an undisclosed, New York-based real estate private equity firm.
PHOENIX — Sword Industrial Partners has purchased Mountain Vista Commerce Center, a three-building industrial complex in Phoenix’s Southwest Valley. Sword Industrial Partners was formed by MAG Capital Partners and Scott Word to pursue multi-tenant infill industrial properties in the Western United States. Located at 14647 S. 50th St., the 135,000-square-foot Mountain Vista Commerce Center features 18-foot clear heights, 33 grade-level roll-up doors and flexible floor plates of varying bay depths. At the time of sale, the warehouse asset was fully leased to tenants in engineering, real estate and light manufacturing. Eric Wichterman, Chris Toci, Mike Coover, Will Strong, Phil Haenel, Foster Bundy, Molly Hunt, Jack Stamets and Madeline Warren of Cushman & Wakefield represented the seller, a Dallas-based private fund. Terms of the transaction were not released.
HOUSTON — A joint venture between Trammell Crow Co. (TCC) and Japanese developer Daiwa House has completed Blue Ridge Commerce Center, a 1.3 million-square-foot industrial project in southwest Houston. Construction began in August 2024. The site spans 92 acres at the northwest corner of Fort Bend Parkway and McHard Road in Fort Bend County. The development consists of five buildings that range in size from 153,928 to 431,017 square feet. The buildings feature a mix of front-load, rear-load and cross-dock configurations with clear heights that range from 28 to 36 feet. Seeberger Architecture designed the project, and E.E. Reed Construction served as the general contractor. Sumitomo Mitsui Banking Corp. financed the development, and CBRE is marketing the space for lease. Another project partner, Linco Construction, undertook infrastructure improvements as part of the project, which included new public roads, traffic signals, underground utilities, a regional storm water detention pond and public sidewalks. “The greater Houston region continues to prove itself as a magnate for modern logistics and manufacturing users,” says George Farish, principal at TCC. “With immediate access to major transportation corridors including the Fort Bend Parkway, Beltway 8 and U.S. Highway 90, we’re confident that Blue Ridge will serve as …
EULESS, TEXAS — Aero Dynamix Inc. has signed a 27,737-square-foot industrial lease renewal in Euless, located in the northern-central part of the metroplex. The designer and manufacturer of night-vision imaging products and services will remain a tenant within two different structures at Euless Industrial Park, a 227,319-square-foot development. Michael Spain and Jason Finch of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations. The tenant representative was not disclosed.
CHAMBERSBURG, PA. — Endurance Real Estate Group has inked a full-building, 1 million-square-foot industrial lease at Chambersburg Logistics Park, about 55 miles southwest of Harrisburg. The tenant was not disclosed. The site spans 93 acres and is located immediately off Exit 10 of I-81. Building features include a clear height of 40 feet, 166 overhead dock positions, four drive-in doors, 213 trailer stalls (expandable to 303), 375 car parking spaces (expandable to 561) and an ESFR sprinkler system. PNC Bank financed the project, construction of which began in late 2022. Endurance developed Chambersburg Logistics Park in partnership with an affiliate of Guardian Life Insurance Co. Gerry Blinebury and Alex Wenger of Cushman & Wakefield represented ownership in the lease negotiations. Eric Zahniser, Brad Struck and Clint Manning of Cresa represented the tenant.
COLUMBIA, S.C. — Colliers has facilitated the sale of Stephenson Center, a 102,141-square-foot flex/office portfolio located at 714 Betsy Drive and 720 Gracern Road in Columbia. FirstLight Investments acquired the property for an undisclosed price. Nolan Ashton, Tommy Whitmore, Henry Roe and Allen Wilkerson of Colliers represented the seller, RealOp Investments, in the transaction. Roe and Wilkerson will lead leasing efforts for the property on behalf of the new ownership. Stephenson Center comprises three flex/office buildings with approximately a half-acre of secured industrial outdoor storage (IOS). The portfolio is currently 91 percent leased to a mix of multi-purpose tenants, medical users and government agencies.
SKOKIE, ILL. — Greenstone Partners has brokered the $18 million sale of the WiFi Tech Center, a multi-tenant, flex industrial property totaling 183,000 square feet in Skokie. The historical occupancy for the asset has averaged 95 percent over the past 20 years. The tenant mix is comprised of national and local companies with the typical space ranging from 3,000 to 15,000 square feet. Danny Spitz of Greenstone represented both the seller, a local private investor, and the buyer, a California-based private investor.