Tuesday, April 21, 2026
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Industrial

Golden-Triangle-Logistics-Center-Wallkill-New-York
AcquisitionsDevelopmentIndustrialNew YorkNortheast

JLL Negotiates Sale of 92-Acre Industrial Development Site in Wallkill, New York

by Taylor Williams

WALLKILL, N.Y. — JLL has negotiated the sale of a 92-acre industrial development site in Wallkill, about 75 miles north of New York City. The site at 350 Silverlake-Scotchtown Road is known locally as Golden Triangle and is fully approved for the development of roughly 835,000 square feet of product. Crow Holdings Development acquired the site with a two-phase plan to construct a facility that will be known as Golden Triangle Logistics Center. Phase I will total 535,603 square feet and feature a clear height of 36 feet, 88 dock doors and parking for 83 trailers and 422 trailers. Phase II will comprise 299,200 square feet and could include 38 dock doors and parking for 199 cars and 34 trailers. Rob Kossar and James Panczykowski of JLL represented the seller, New Jersey-based Vision Real Estate Partners, in the land deal. JLL has also been retained to lease the project, construction of which is slated to begin in the third quarter.

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AcquisitionsIndustrialNew JerseyNortheast

Saxum Real Estate, Meadow Partners Buy 80,420 SF Industrial Flex Building in Hamilton, New Jersey

by Taylor Williams

HAMILTON, N.J. — A partnership between New Jersey-based Saxum Real Estate and Meadow Partners, an investment firm with offices in New York and London, has purchased an 80,420-square-foot industrial flex building in Hamilton, located just outside of Trenton. The site at 1 Electronics Drive spans 16 acres, including land for future expansion. The building, which according to LoopNet Inc. was constructed in 1972 and renovated in 2000, includes 530 parking spaces and was 73 percent leased at the time of sale to three tenants. JLL represented the seller, BTR Capital Group, in the transaction and arranged the joint venture equity and acquisition financing for the deal. Zimmel Associates has been tapped as the leasing agent.

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DevelopmentIndustrialLife SciencesMassachusettsNortheast

Dacon Corp. Completes 7,400 SF Industrial, Life Sciences Expansion Project in Natick, Massachusetts

by Taylor Williams

NATICK, MASS. — Design-build firm Dacon Corp. has completed a 7,400-square-foot industrial and life sciences expansion project in Natick, a western suburb of Boston. The project is a build-to-suit for Kula Bio, which specializes in the production of agricultural products that serve as replacements to synthetic fertilizers. The facility includes manufacturing, office and research-and-development space. Kula Bio initially opened its 7,500-square-foot headquarters in Natick in late 2021 with the expectation of expanding.

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IllinoisIndustrialLoansMidwest

Byline Bank Provides $19.1M in Acquisition Financing for Six Industrial Properties in Illinois, New Jersey

by Kristin Harlow

CHICAGO — Chicago-based Byline Bank’s Commercial Real Estate Group has provided $19.1 million in acquisition financing for six industrial properties in the metro Chicago and New Jersey markets. The borrower was VK Industrial Holdings VI LLC, an acquisition fund formed through a partnership between Venture One Real Estate and Kovitz Investment Group. The transaction marks the third deal Venture One has completed with Byline Bank. The specific properties were not provided.

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AcquisitionsIndustrialIowaMidwestSelf-Storage

Marcus & Millichap Brokers Sale of 261-Unit Self-Storage Facility in Iowa City

by Kristin Harlow

IOWA CITY, IOWA — Marcus & Millichap has brokered the sale of Oak Crest Storage, a 261-unit self-storage facility in Iowa City. The sales price was undisclosed. Built in 1999 and located at 4942 Oak Crest Hill Road SE, the property features 27 climate-controlled units, 101 non-climate-controlled units, 22 enclosed parking spaces, 109 uncovered parking spaces and two leasable offices. Overall, the asset totals 34,397 rentable square feet. George Kondracke, Brian Kelly, Gabriel Coe, Nathan Coe and Brett Hatcher of Marcus & Millichap represented the undisclosed seller and procured the buyer, Streamlined Storage, which now maintains four locations in Iowa. Jon Ruzicka, broker of record in Iowa, assisted in the transaction.

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CVS-Health-Scottsdale-AZ
AcquisitionsArizonaData CentersIndustrialOfficeWestern

Net Lease Office Properties Divests of 354,888 SF Data Center, Office Campus in Scottsdale, Arizona

by Amy Works

SCOTTSDALE, ARIZ. — Net Lease Office Properties has completed the sale of a single-tenant data center and office campus on Shea Boulevard in the Phoenix suburb of Scottsdale. Terms of the transaction were not released. Situated on more than 38 acres, the 354,888-square-foot asset serves as a mission-critical data and operations center for CVS. Peter Bauman and Tivon Moffitt of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

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Dakota-Brasa-Pleasant-Grove-UT
AcquisitionsIndustrialUtahWestern

Dakota Pacific Real Estate, Brasa Capital Sell Two Warehouse Buildings in Pleasant Grove, Utah

by Amy Works

PLEASANT GROVE, UTAH — Dakota Pacific Real Estate, in partnership with Brasa Capital Management, has completed the sale of two Class A industrial warehouses in Pleasant Grove, between Salt Lake City and Provo. A national industrial investment firm acquired the assets for an undisclosed price. Totaling more than 427,000 square feet, the two buildings are fully leased to six diverse companies. The project development team included Big-D Construction, Mitre Peak and Zions Bank. Lucas Burbank and Ben Richardson of Newmark led the leasing efforts of the project. Burbank, Richardson and Jim Linn of Newmark handled the sales transaction.

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28th-Alameda-Tempe-AZ
ArizonaDevelopmentIndustrialWestern

Evergreen Devco Buys 12.7-Acre Parcel in Tempe, Arizona for Industrial Development

by Amy Works

TEMPE, ARIZ. — Evergreen Devco has acquired 12.7 acres of land at the southeast corner of 48th Street and Alameda Drive in Tempe for $13 million. The company plans to develop 48th @ Alameda, an industrial project, on the site. The acquired parcel includes two sites: Jim Wilson of Cushman & Wakefield will list the project for sale or lease.

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2548-Cactus-Rd-San-Diego-CA
AcquisitionsCaliforniaIndustrialWestern

EZ Fit Movers Acquires 44,278 SF Built-to-Suit Industrial Building in San Diego

by Amy Works

SAN DIEGO — San Diego-based EZ Fit Movers LLC has purchased an industrial building located at 2548 Cactus Road in the Otay Mesa submarket of San Diego. A local development company sold the asset for $11.4 million. EZ Fit Movers entered into a build-to-suit agreement in 2021 with the seller with the intent of occupying the 44,278-square-foot building. EZ Fit Movers will occupy more than half of the office and warehouse space of the facility. Todd Holley of Voit Real Estate Services represented the buyer, while CBRE represented the seller in the transaction.

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3000-3010-E-La-Jolla-St-Anaheim-CA.
CaliforniaIndustrialLeasing ActivityMarket ReportsWesternWestern Market Reports

Orange County Industrial Sector Experiences Leasing Slowdown, but Investment Remains Active

by Jeff Shaw

— By Erick Parulan — The Orange County industrial market, along with Los Angeles and the Inland Empire, is experiencing a general decline in leasing activity as it navigates the post-pandemic landscape. Tenant demand and leasing have significantly slowed as occupiers adopt a more cautious approach to expansion, with some occupiers deciding to downsize and consolidate their industrial footprints.  Tenant occupancies continue to contract in the second quarter, with manufacturers, retailers and 3PL (third-party logistics) companies shedding unused space that may have been acquired during the pandemic frenzy, further increasing sublet availabilities. Orange County sublet availabilities surpassed 3.3 million square feet in the second quarter of 2024, raising total availabilities to 9.5 percent for the quarter. While pandemic-driven rental rates hit historic highs, they have since cooled amid softening demand. Many landlords now offer increased free rent concessions to attract new tenants. Average asking lease rates have been on the decline in Orange County over the past two quarters. They decreased by 5.2 percent from the prior quarter, reaching $1.64 per square foot in second-quarter 2024. High market rents previously deterred many occupiers, but with rents on the decline, some tenants have adopted a wait-and-see approach to see where rates …

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