Wednesday, July 23, 2025
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Industrial

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AcquisitionsColoradoIndustrialWestern

NavPoint Negotiates $3.2M Sale of Multi-Parcel Industrial Asset in Castle Rock, Colorado

by Amy Works

CASTLE ROCK, COLO. — NavPoint Real Estate Group has brokered the sale of 1609 and 1713 Park St. in Castle Rock. JGC2M LLC sold the asset to Four Square Properties II LLC for $3.2 million. The asset consists of four commercially zoned parcels totaling 1.6 acres. Two of the parcels are fenced outdoor storage and two parcels have buildings, totaling approximately 12,000 square feet combined. Matt Call of NavPoint represented the seller, while Jeff Brandon of NavPoint represented the buyer in the deal.

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DevelopmentIndustrialMidwestOhio

Contegra to Build 179,000 SF Freezer-Cooler Facility in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Contegra Construction Co. is building a 179,000-square-foot freezer-cooler facility in Columbus. Crawford Hoying and BGO Cold Storage are developing the project and are seeking LEED certification for the development, completion of which is slated for the second quarter of 2024. Plans call for a 141,824-square-foot freezer zone with a clear height of 50 feet and a 32,346-square-foot cold dock storage with a clear height of 30 feet. The remaining square footage will include mechanical and finished office space. The project site encompasses 14 acres at 2865 Charter St.

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IllinoisIndustrialLeasing ActivityMidwest

TSR Concrete Coatings Signs 40,000 SF Industrial Lease in Bloomington, Illinois

by Kristin Harlow

BLOOMINGTON, ILL. — TSR Concrete Coatings has signed a 40,000-square-foot industrial lease at 1601 General Electric Road, a 450,000-square-foot building in Bloomington. TSR is a subsidiary of ReVamp, a company that installs residential floor coatings and vinyl fences. TSR relocated to this larger facility as part of its expansion with ReVamp Fencing. Meghan O’Neal-Rogozinski of AXIS 360 Commercial Real Estate Specialists represented the tenant, while John Cleary of Marquette Realty & Consulting represented the undisclosed landlord.

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DevelopmentGeorgiaIndustrialSoutheast

Caddell Construction Breaks Ground on 2.1 MSF Industrial Development Near Savannah

by John Nelson

MIDWAY, GA. — Caddell Construction, on behalf of Flint Development, has broken ground on three Class A distribution centers within Dorchester Commerce Park, an industrial park in the metro Savannah city of Midway. The speculative project totals 2.1 million square feet and is expected to deliver by spring 2025. The development will offer immediate access to I-95 and a 33-mile drive to Port of Savannah. The project team includes Davidson Architecture + Engineering and CBRE. The project will comprise a 1.2 million-square-foot building, a 594,522-square-foot cross-dock facility and a 276,062-square-foot facility, which is expected to open in April. Caddell Construction will establish an onsite batching plant to manufacture its own concrete for the development.

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DevelopmentIndustrialTexas

Constellation, Northwestern Mutual to Develop 200,493 SF Industrial Project in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — A partnership between Constellation Real Estate Partners and Northwestern Mutual has acquired 10 acres in Grand Prairie, located roughly midway between Dallas and Fort Worth, for the development of a 200,439-square-foot industrial project. Designed by Pross Design Group, Constellation Commerce 360 will comprise two buildings totaling 95,760 and 104,733 square feet. Building features will include 32-foot clear heights, ESFR sprinkler systems, LED lighting and the capacity to accommodate a single or multiple users across both buildings. David Eseke and Clay Balch of Cushman & Wakefield represented Constellation Real Estate Partners in the acquisition of the land and have also been retained as leasing agents. Construction is scheduled to begin in the first quarter of next year and to last about 12 months.

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AcquisitionsIndustrialMidwestMissouriOhio

Trident Capital Group Acquires Two Warehouses in Missouri, Ohio

by Kristin Harlow

LIBERTY, MO., AND STRONGSVILLE, OHIO — Trident Capital Group has acquired two Class A warehouses in Missouri and Ohio for an undisclosed price. In Liberty, Mo., Trident acquired Heartland Meadows Commerce Center, which totals 181,321 square feet. The asset was fully occupied by two tenants at the time of sale and marks Trident’s first investment in the Kansas City market. Separately, Trident expanded its presence in Ohio with the acquisition of a 185,210-square-foot building located within the Mills Business Park in Strongsville, a suburb of Cleveland. The facility was fully leased to three tenants at the time of sale. Trident worked with CBRE on the acquisitions. Sellers were not provided.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Logisteed America Renews 106,100 SF Industrial Lease in Suburban Chicago

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Logisteed America Inc., a provider of transportation and logistics services, has renewed its 106,100-square-foot industrial lease at 2551-2561 Allan Drive in the Chicago suburb of Elk Grove Village. Kenneth Franzese and John Cassidy of Lee & Associates represented the tenant. Jonathan Kohn and Chris Volkert of Colliers represented the landlord, LaSalle Investment Management.

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AcquisitionsIndustrialSelf-StorageTexas

Versal Negotiates Sale of 113-Unit Self-Storage Facility in Rockport, Texas

by Taylor Williams

ROCKPORT, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of Paradise Self Storage, a 113-unit facility in Rockport, located outside of Corpus Christi in South Texas. The facility was built in 1994 and spans 23,800 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Iowa-based Elkhorn River Investments LLC, in the transaction. The team also procured the buyer, Corpus Christi-based Preis Investments Inc.

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IndustrialLeasing ActivityTexas

Newmark Secures 44,648 SF Industrial Lease in Metro Austin

by Taylor Williams

ROUND ROCK, TEXAS — Newmark has secured a 44,648-square-foot industrial lease at Green Hill Business Park in the northern Austin suburb of Round Rock. Richard Hoyt, Chip Wiser and Brian Cheek of Newmark represented the tenant, packaging and crating services provider TransPak Inc., in the lease negotiations. Stream Realty Partners represented the landlord, Mississippi-based EastGroup Properties.

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IndustrialLeasing ActivityTexas

Invacor Solutions Signs 33,525 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Invacor Solutions, which provides pipeline services to the energy industry, has signed a 33,525-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the single-tenant property at 6230 Bingle Road was built in 1979 and features 20-foot clear heights, four loading docks, 34 parking spaces and 8,190 square feet of office space. Michael Keegan and Andrew Laycock of Partners Real Estate represented the landlord, ValvTechnologies Inc., in the lease negotiations. Sarah Teel with MSL Investments represented the tenant.

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