Thursday, January 29, 2026
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Industrial

AcquisitionsDevelopmentIllinoisIndustrialMidwest

Colliers Brokers Sale of 72-Acre Industrial Land Site in University Park, Illinois

by Kristin Harlow

UNIVERSITY PARK, ILL. — Colliers has brokered the sale of a 72-acre industrial land site in the southern Chicago suburb of University Park. A private investor sold the land to Clarius Partners for an undisclosed price. The planned development will be primed for large logistics operations and include a 970,123-square-foot warehouse. The project will feature a 40-foot ceiling height, up to 475 trailer stalls, 162 docks and convenient access to I-57. Jim Estus and David Bercu of Colliers brokered the transaction. Colliers is marketing the project for lease.

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2555-W-Midway-Blvd-Broomfield-CO
AcquisitionsColoradoIndustrialOfficeWestern

Mile High Labs Sells 436,534 SF Manufacturing Campus in Broomfield, Colorado

by Amy Works

BROOMFIELD, COLO. — Mile High Labs has completed the disposition of 2555 W. Midway Boulevard, a R&D and manufacturing property within Atlas Industrial Park in Broomfield, a suburb north of Denver. ScanlanKemperBard acquired the asset for an undisclosed price. Situated on 20 acres, the 436,534-square-foot asset features a 411,034-square-foot building and a 25,500-square-foot building. The buildings offer office, manufacturing, processing, packaging, laboratory and climate-controlled warehouse areas, as well as general engineering areas and an employee cafeteria. Additionally, the buildings collectively feature nearly 12,000 amps of power. Rick Egitto of Avison Young, along with Justin Rayburn of Fountainhead Commercial, represented the seller, while the buyer was self-represented in the deal.

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AcquisitionsCaliforniaIndustrialWestern

BKM Capital Buys North Cabot Industrial Park in Hayward, California for $10.5M

by Amy Works

HAYWARD, CALIF. — BKM Capital Partners has acquired North Cabot Industrial Park, located at 19707-19845 Cabot Blvd. in the East Bay city of Hayward. A non-profit entity sold the asset for $10.5 million, or $206 per square foot. Situated on 3.8 acres, North Cabot Industrial Park consists of two buildings offering a total of 51,038 square feet with 13 units ranging in size from 2,794 square feet to 6,936 square feet. The asset features two dock-high and 15 grade-level doors, 14-foot clear heights, sprinkler systems and ample parking. At the time of sale, the property was 91 percent occupied. BKM plans to invest about $685,000 on capital improvements to bring the asset to its brand standards. Planned improvements include upgrades and/or replacements of the roofs, HVAC systems, parking lot, paint, signage and landscaping. The company will invest $49,000 on speculative tenant improvements to modernize a 4,580-square-foot unit with new carpeting, paint, fixtures, millwork and lighting. BKM was self-represented in the transaction, while Robert Ferraro, Michael Barry and Ken Morris of CBRE represented the seller.

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3710-Astrozon-Blvd-Colorado-Springs-CO.jpg
AcquisitionsColoradoIndustrialSelf-StorageWestern

LeClaire-Schlosser Group Brokers Sale of 668-Unit Astrozon Self Storage in Colorado Springs

by Amy Works

COLORADO SPRINGS, COLO. — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the sale of Astrozon Self Storage, a self-storage facility in Colorado Springs. Terms of the transaction were not released. Located at 3710 Astrozon Blvd., the 53,200-square-foot facility features 668 single-story, drive-up access units. Charles LeClaire and Adam Schlosser of Marcus & Millichap’s Denver office represented the seller, a local limited liability company, and secured the buyer, a New York-based, privately held real estate investment company, in the deal.

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IndustrialMarket ReportsMidwestMidwest Market ReportsOhio

Examine the Cincinnati Industrial Market with Perspective, Patience in Mind

by Kristin Harlow

By Jeff Bender, Thomas McCormick and Seattle Stein, Cushman & Wakefield We’ve been doing this for a while. Every cycle with gang-busters demand and absorption comes to an end, as does every downturn. So, with the Cincinnati industrial market, we find ourselves in the doldrums since mid-2023, and we may not fully turn the corner until next year.  Perspective and context matter, though. We’re coming off record absorption and demand at the end of 2020 and through 2022, when we also closed the year with an unsustainable 1.7 percent vacancy rate. Before the entire world paused for COVID in early and mid-2020, we had a record year in 2019 as well.  While vacancy hovers around 6 percent at mid-year, that is basically the Cincinnati industrial market’s historical average. Four consecutive quarters of negative net absorption certainly defines “doldrums,” but that must be weighed against the previous 48 consecutive quarters of positive net absorption through mid-2023. We’ve also seen a slight increase in asking rental rates, up to $6.25 per square foot, despite negative absorption. So, despite a lackluster past 12 months, we have positive momentum, and that’s bolstered by many of the factors that have always made Cincinnati one of …

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Company NewsDevelopmentIndustrialTexas

iMarket America Relocates US Headquarters to Metro Austin, Proposes 212-Acre Industrial Campus

by Taylor Williams

ROUND ROCK AND TAYLOR, TEXAS — iMarket America, a supplier of industrial raw materials and products, will relocate its U.S. headquarters to the northern Austin suburb of Round Rock, according to a release from the Round Rock Chamber. iMarket America, whose parent company is based in South Korea, is a major vendor of Korean electronics giant Samsung, which is developing a $17 billion semiconductor manufacturing facility in Taylor, another northern suburb of Austin. To facilitate that relationship, iMarket America has proposed a plan to develop a 212-acre campus that would be located northeast of the intersection of Carlos G. Parker Boulevard SE and FM 112 near the Samsung plant. According to the Austin Business Journal, the development would feature about 2.2 million square feet of warehousing, manufacturing, office and research-and-development space. The publication also reports that iMarket America purchased the land after signing a nonbinding memorandum of understanding with the City of Taylor in 2023. Samsung broke ground on its Taylor facility in 2022 and expects to be operational this year.

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IndustrialLoansTexas

MMCC Arranges $5M in Acquisition Financing for East Houston Industrial Building

by Taylor Williams

HOUSTON — Marcus & Millichap Capital Corp. (MMCC) has arranged $5 million in acquisition financing for a 112,700-square-foot industrial building in East Houston. According to LoopNet Inc., the single-tenant facility at 14830 Talcott St. was constructed on seven acres in 1970. Adam Pike of MMCC originated the financing, which carried an 8 percent fixed interest rate and a 20-year amortization schedule, through an undisclosed local bank. The borrower was also not disclosed.

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IndustrialLeasing ActivityTexas

Finial Group Negotiates 3,150 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has negotiated a 3,150-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 10750 Barker Cypress Road was built on three acres in 2005 and totals 31,113 square feet. Chase Tucker and Tyler Holt of Finial Group represented the undisclosed landlord in the lease negotiations. The tenant, an entity doing business as MTGK3 Enterprises LLC, was self-represented.

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DevelopmentIndustrialNew YorkNortheast

Wells Enterprises Unveils Plans for $425M Expansion of Upstate New York Ice Cream Plant

by Taylor Williams

DUNKIRK, N.Y. — Wells Enterprises, an Iowa-based ice cream manufacturer whose brands include Blue Bunny, Halo Top and Blue Ribbon Classics, has unveiled plans for a $425 million expansion of its plant in Dunkirk, located along Lake Erie in upstate New York. Wells Enterprises anticipates that the initiative, which was originally budgeted for $250 million in capital investment, will bring about 270 new jobs to the local economy. In addition, the project is expected to more than quadruple the facility’s current production output and lay the groundwork for future growth and innovation. Construction is underway, and products should begin rolling off the new lines by August 2025.

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IndustrialLoansNew YorkNortheast

Eastern Union Arranges $12M Loan for Refinancing of Brooklyn Industrial Building

by Taylor Williams

NEW YORK CITY — Eastern Union has arranged a $12 million loan for the refinancing of a 35,210-square-foot industrial building in the Williamsburg area of Brooklyn. The single-story building was originally constructed in 1931 and includes warehouse and office space as well as onsite parking. David Brody of Eastern Union arranged the loan, which was structured with a five-year term, a 65 percent loan-to-value ratio and a fixed interest rate of 6.54 percent. The borrower and direct lender were not disclosed.

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