Monday, July 21, 2025
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Industrial

DevelopmentIllinoisIndustrialMidwest

Missner Group, CBRE IM Complete 169,838 SF Spec Industrial Building in Chicago

by Kristin Harlow

CHICAGO — Joint development partners The Missner Group and CBRE Investment Management have completed a 169,838-square-foot speculative industrial building in Chicago. The Missner Group also served as general contractor for the property, which is located at 3900 S. Normal Ave. in the city’s Bridgeport neighborhood. The building features a 3,700-square-foot model office, 16 loading docks, two drive-in doors, 26 tractor-trailer positions and parking for 168 cars. The property also features an abstract mural designed by AMUSE 126, a local artist known for his graffiti-inspired illustrative and typographic art. Cornerstone Architects and engineer Spaceco Inc. made up the project team. Mitch Adams, Steven Livaditis and Nicole Mentone of CBRE are the leasing brokers. CBRE will also serve as property manager.

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AcquisitionsIndustrialIowaMidwest

Lee & Associates Negotiates Sale of 75,000 SF Industrial Property in Grundy Center, Iowa

by Kristin Harlow

GRUNDY CENTER, IOWA — Lee & Associates has negotiated the $800,000 sale of a 75,000-square-foot industrial property in Grundy Center, a city in central Iowa. The building is located at 701 A Ave. Tom Condon of Lee & Associates represented the seller, Richelieu Foods. Matt Miehe of Fischels Commercial Group represented the buyer, Honary Enterprises, an environmental lubricant manufacturing company.

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AcquisitionsIndustrialMassachusettsNortheast

CBRE Negotiates $49.5M Sale of Industrial Facility in Wilmington, Massachusetts

by Taylor Williams

WILMINGTON, MASS. — CBRE has negotiated the $49.5 million sale of a 187,589-square-foot warehouse and distribution facility in Wilmington, a northern suburb of Boston. The property features clear heights of 24 to 30 feet and was fully leased at the time of sale. Scott Dragos, Chris Skeffington, Doug Jacoby, Roy Sandeman, Tim Mulhall, Tony Hayes and Dan Hines of CBRE represented the seller, locally based investment firm Marcus Partners, in the transaction. The buyer was a partnership between two Boston-based firms, Oliver Street Capital and Bain Capital Real Estate.

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AcquisitionsIndustrialNortheastRhode Island

Marcus & Millichap Brokers $8.9M Sale of Industrial Property in Pawtucket, Rhode Island

by Taylor Williams

PAWTUCKET, R.I. — Marcus & Millichap has brokered the $8.9 million sale of a 64,928-square-foot industrial building in Pawtucket, Rhode Island. The building at 670-710 Narragansett Park Drive, which according to LoopNet Inc. was originally constructed in 1978, houses six suites. Harrison Klein of Marcus & Millichap represented the seller, Legacy Real Estate Ventures, in the transaction. Klein also procured the buyer, an affiliate of NSD Real Estate.

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DevelopmentIndustrialTexas

Partnership Underway on 939,612 SF Spec Industrial Project in El Paso

by Taylor Williams

EL PASO, TEXAS — A partnership between two California-based firms, PCCP LLC and Panattoni Development, along with Hunt Cos., is underway on construction of a 939,612-square-foot speculative industrial project in El Paso. Project Grande, which represents the first phase of a larger, 1.8 million-square-foot development, will consist of two buildings on a 45-acre site at the southeast corner of Pellicano Drive and Aircoupe Way on the city’s east side. Features of the rear-load and cross-dock buildings will include 36- to 40-foot clear heights, ESFR sprinkler systems and ample trailer parking. Completion of Phase I, which is 50 percent preleased, is slated for the second half of the year.

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IndustrialLoansTexas

Gantry Arranges $23.4M in Financing for Industrial Flex Property in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Gantry has arranged $23.4 million in senior financing and preferred equity for the acquisition of DFW Corporate Park, a 211,385-square-foot industrial flex property in the central metroplex city of Grand Prairie. The 22-building development is located at 2100 N Highway 360. Braden Turnbull and Keegan Bridges of Gantry arranged the financing through an undisclosed life insurance company. The borrower was also not disclosed.

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AcquisitionsColoradoIndustrialWestern

Malman Commercial Arranges $4.9M Acquisition of 22 Industrial/Flex Condos in Denver

by Amy Works

DENVER — Malman Commercial Real Estate has arranged the purchase of 22 industrial/flex condominiums at 5475 Peoria St. in Denver. Peoria Condos LLC acquired the assets for $4.9 million. Jake Malman of Malman Commercial represented the buyer, while Mark Alley and Paul Scheider of Pinnacle Real Estate Advisors represented the two sellers in the transaction. The seller of Building 2, Units 104 and 105 was Slang Colorado RE1 LLC. The sellers of 20 units in Building 1 and Building 2 were 5475 Building I LLC and 5475 Building II LLC.

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16150-Scientific-Way-Irvine-CA
AcquisitionsCaliforniaIndustrialWestern

Ateck Holding Sells R&D Building in Irvine, California for $3.2M

by Amy Works

IRVINE, CALIF. — Ateck Holding LLC has completed the sale of a two-story flex/R&D building, located at 16150 Scientific Way in Irvine. E&N Highpoint LLC acquired the asset for $3.2 million. Built in 2007, the 6,171-square-foot facility features open floor plans, top signage and abundant parking. The buyer, an international apparel company, will use the building for its U.S. corporate headquarters and for research, development and design.   Xavier Nolasco of JLL represented the seller, while Voit Commercial represented the buyer in the deal.

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IndustrialLeasing ActivityTexas

Finial Group Negotiates 18,471 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has negotiated an 18,471-square-foot industrial lease at 6832 Bourgeois Road in Houston. The tenant, global energy services firm Interwell US, will occupy space within Four Seasons Business Park on the city’s northwest side. John Buckley and Jack Gaffney of Finial Group represented the undisclosed landlord in the lease negotiations.

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DevelopmentIndianaIndustrialMidwestSelf-Storage

StorageMart Opens 785-Unit Self-Storage Facility in Indianapolis

by Kristin Harlow

INDIANAPOLIS — StorageMart has opened a new self-storage facility on East Washington Street in Indianapolis. The property offers 785 units with 82,159 rentable square feet of climate-controlled space in assorted sizes. Security features include 24/7 video surveillance, PIN entry access and motion sensor lighting. Founded in 1999 in Missouri, StorageMart operates more than 250 locations across the United States, Canada and the United Kingdom.

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