DOVER, DEL. — NAI Emory Hill, in partnership with NS Development Partners, has purchased a 46-acre industrial development site in Dover. The parcel is located within Garrison Oak Technology Park and is zoned for manufacturing, logistics and technology uses. The seller and sales price were not disclosed. According to Becker Morgan Group, the architecture and engineering firm that designed Garrison Oak Technology Park, the development spans 389 acres across 15 parcels.
OCOEE, FLA. — Stonemont Financial Group has completed 429 Business Center, a 259,255-square-foot industrial complex located in Ocoee, roughly 10 miles outside Orlando near Walt Disney World. HGR Construction Inc. served as general contractor on the project. Cam Montgomery and Matt Sullivan of JLL are handling leasing efforts for 429 Business Center on behalf of Stonemont. 429 Business Center comprises seven buildings and features 20- to 32-foot clear heights, with rear- and front-load options. The facility is currently 49 percent preleased, with buildings 200 and 600 already fully occupied. Atlanta-based Stonemont owns more than 4.4 million square feet of industrial development across Florida and is nearing completion on a 100,698-square-foot facility near Tampa.
LA PORTE, TEXAS — Clay Development & Construction has broken ground on a 40,000-square-foot speculative industrial project in La Porte, located east of Houston. The site is located within the 300,000-square-foot Sens Road Business Park, and the building will feature 24- to 28-foot eave heights and build-to-suit office space. Completion is slated for the second quarter of 2026. Colliers is the leasing agent for the new building.
TETERBORO, N.J. — Metro Philadelphia-based developer Seagis Property Group has completed a 166,725-square-foot warehouse in the Northern New Jersey community of Teterboro. Known as Teterboro Distribution Center, the building at 200 Hollister Road offers proximity to Port Newark-Elizabeth and Liberty International Airport. Building features include a clear height of 40 feet, 3,580 square feet of office space, 37 loading docks, 185-foot truck court depths and parking for 46 trailers and 114 cars. CBRE is marketing the property for lease.
READING, PA. — NAI Emory Hill, in partnership with NS Development Partners, has purchased a 105,000-square-foot industrial building in Reading, located northwest of Philadelphia. The site at 3030 Kutztown Road spans 8.3 acres, and the facility can support both manufacturing and warehousing uses. Building features include a clear height of 24 feet, seven loading docks, 140 parking spaces and 25,000 square feet of office space. The building was 80 percent leased at the time of sale, with industrial communications systems provider GAI-Tronics serving as the anchor tenant.
WOODBRIDGE, VA. — JLL Capital Markets has arranged the sale of 95 East Distribution Center, a 113,490-square-foot industrial building located in Woodbridge, roughly 20 miles south of Washington, D.C. Situated at 13600 Dabney Road, the facility features 32-foot clear heights, 14 dock doors and 13 knock-out panels, as well as 10,143 square feet of outdoor storage space. The property is fully leased to Goodwill of Greater Washington and Zippy Shell. Bill Prutting, Craig Childs, Chris Dale, Ginna Wallace, John Dettleff, Dan Coats, Robert Carey and Gus Caiola of JLL represented the seller, a partnership between D.C.-based The Pinkard Group and New York-based Cannon Hill Capital Partners, in the transaction. The buyer was an institutional pension fund advisor. The sales price was not disclosed.
GARNER, N.C. — Beacon Partners and HM Partners have broken ground on the third and final phase of Beacon Commerce Park, a 924,691-square-foot industrial development located in the Raleigh suburb of Garner along the I-40 corridor. Jeff Stephens, Jackson Rives and Jordan Rives of Foundry Commercial are leading leasing efforts for Phase III. The project team includes general contractor Myers & Chapman, architect HagerSmith and Advanced Civil Design. CIBC Bank USA is providing construction financing. Situated immediately north of three existing buildings at Beacon Commerce Park, Phase III will add 294,000 square feet of industrial space across two buildings, which total 156,033 square feet and 138,625 square feet, respectively. The facilities will feature 32-foot clear heights, build-to-suit office space, full concrete truck courts and ESFR sprinkler systems. Shell completion is slated for September 2026.
PHOENIX — JLL Capital Markets has arranged the sale of Marigold Two-Pack, a two-building, 237,765-square-foot industrial portfolio in metro Phoenix. An Ares Real Estate fund acquired the asset for an undisclosed price. Ares Industrial Management will manage the portfolio, which consists of a 100,000-square-foot property in the Southwest Valley submarket and a 137,765-square-foot asset in the Airport Area submarket. The buildings offer secured and gated yards, 22- to 30-foot clear heights, ample dock-high and grade-level loading, excess parking and low office build-out. At the time of sale, the assets were fully leased to six tenants. Ben Geelan and Greer Oliver of JLL represented the undisclosed seller in the transaction.
THOUSAND OAKS, CALIF. — Marcus & Millichap has arranged the sale of a 51,401-square-foot industrial redevelopment site at 670 Lawrence Drive in Thousand Oaks. The asset traded for $1.3 million. The names of the buyer and seller were not released. Christian Desnoes of Marcus & Millichap represented both parties in the transaction.
BENSALEM, PA. — Colliers has brokered the sale of a 106,045-square-foot industrial property in Bensalem, a northeastern suburb of Philadelphia. The site at 1211 Ford Road spans 7.9 acres, and the facility can support both manufacturing and distribution uses. Building features include a clear height of 18 feet, 6,000 square feet of office space, 17 tailgate loading docks and five drive-in doors. Richard Gorodesky, Andy McGhee and Adam Gorodesky of Colliers represented the seller, Faropoint, in the transaction. The buyer was UniCup International. The sales price was not disclosed.