Wednesday, October 15, 2025
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Industrial

Jersey-City-Self-Storage
DevelopmentIndustrialNew JerseyNortheastSelf-Storage

Tulfra Real Estate Completes 797-Unit Self-Storage Project in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — Locally based developer Tulfra Real Estate has completed a 797-unit self-storage project in Jersey City. The six-story, climate-controlled facility at 300 Thomas McGovern Drive spans 115,000 gross square feet and is part of a larger development known as Jersey City Self Storage that will ultimately comprise approximately 261,000 square feet (gross) across more than 2,400 units and two more phases of development. Fulton Bank financed construction of the project, which is a conversion of a former industrial site. JLL arranged the construction debt. Public Storage operates the facility.

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IndustrialLeasing ActivityNew JerseyNortheast

Resource Realty Negotiates 52,606 SF Industrial Lease in Clifton, New Jersey

by Taylor Williams

CLIFTON, N.J. — Resource Realty of Northern New Jersey has negotiated a 52,606-square-foot, full-building industrial lease in Clifton. The names of the tenant and landlord were not disclosed. According to LoopNet Inc., the building at 1155 Bloomfield Ave. was originally constructed in 1952. Building features include a clear height of 24 feet, five loading docks and 12,000 square feet of office, showroom and tech space. Greg Sabato of Resource Realty negotiated the deal.

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AcquisitionsIndustrialMidwestOhio

CBRE Negotiates $9.4M Sale of Industrial Facility in Warren, Ohio

by Kristin Harlow

WARREN, OHIO — CBRE has negotiated the $9.4 million sale of a 94,000-square-foot industrial research and development facility in Warren, a city in eastern Ohio. CBRE’s Steve Timmel, Will Roberts and George Stevens represented the seller, Industrial Commercial Properties. An entity doing business as PG Warren Industrial LLC was the buyer. Built in 1998 and renovated in 2014, the building at 4551 Research Parkway features a clear height of 22 feet, 10 drive-in doors and a reinforced concrete foundation on an 11.9-acre site. The property was fully occupied by Aptiv at the time of sale and is part of the company’s broader Warren campus.

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IndustrialKentuckyMarket ReportsSoutheastSoutheast Market Reports

Louisville’s Industrial Market: Steady, Sturdy and Poised for Growth

by John Nelson

Louisville’s industrial market stands out as a steady force, resisting the fluctuations often seen in surrounding Midwest cities such as Cincinnati, Columbus and St. Louis. Midyear figures show Louisville’s year-over-year rent growth exceeding the national percentage and its vacancy rate 340 basis points below the national rate, both signs of a healthy market.  Additionally, Louisville’s recognition in national trade publications and recent announcements of General Electric/Haier and Ford’s electric vehicle (EV) investment at its Louisville Assembly Plant suggests positive future job growth. A sturdy foundation Louisville’s centralized location has helped secure its place as a major logistical powerhouse and develop relationships with major industrial business players such as UPS, Ford and General Electric. UPS announced its first expansion into Louisville in 1981 and has continued to grow its operations since, including the recently opened $100 million automated medical labs shipping facility.  Ford also continues to invest in Louisville, recently leasing a 567,433-square-foot facility in Southern Indiana and a 426,300-square-foot facility in Louisville’s Bullitt County submarket just south of Louisville Muhammad Ali International Airport. Additionally, General Electric/Haier will move washer/dryer manufacturing processes to Louisville, creating 800 new jobs and confirming Haier’s Louisville manufacturing operations as its global hub.  A resilient market …

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DevelopmentIndianaIndustrialMidwest

Graycor Completes 171,000 SF Amazon Distribution Center in Elkhart, Indiana

by Kristin Harlow

ELKHART, IND. — Graycor has completed a 171,000-square-foot distribution center for Amazon at 2675 Aeroplex Drive in Elkhart. The facility, dubbed DII5, will be Amazon’s first owner-occupied mass timber delivery station, with the project seeking Zero Carbon Certification from the Living Future. The 39-acre project features mass timber construction as opposed to traditional concrete and structural steel. ZGF was responsible for the building design, and Atlantic AE served as the architect of record throughout construction. More than 200 Amazon and contract employees will work at the facility handling local fulfillment.

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AcquisitionsIllinoisIndustrialLee & AssociatesMidwest

Lee & Associates Negotiates Sale of 131,811 SF Industrial Facility in Metro Chicago

by Kristin Harlow

BELVIDERE, ILL.  — Lee & Associates of Illinois has negotiated the sale of a 131,811-square-foot industrial building in the Chicago suburb of Belvidere. The property is located on 27.8 acres at 2964 Newburg Road. Jeff Galante of Lee & Associates represented the buyer, NexGen Manufacturing. Al Caruana of Cushman & Wakefield the seller, an entity doing business as 2964 Newburg Road LLC. The transaction marks the largest user sale in the Rockford submarket in the third quarter, according to Lee & Associates.

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DevelopmentIndustrialTexas

GTIS Partners to Develop 442,000 SF Industrial Project Near DFW Airport

by Taylor Williams

DALLAS — New York City-based development and investment firm GTIS Partners will develop Remington 30, a 442,000-square-foot industrial project that will be situated near DFW International Airport. Building features will include a cross-dock configuration, 36-foot clear heights, 82 dock doors, four drive-in doors, 3,000 square feet of speculative office space, an ESFR sprinkler system and parking for 196 cars and 112 trailers. Construction is scheduled to begin in the fourth quarter and to last about a year.

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2625-NE-Huffman-Rd-Hillsboro-OR
DevelopmentIndustrialOregonWestern

TCC Breaks Ground on 303,969 SF VanRose Technology Center in Hillsboro, Oregon

by Amy Works

HILLSBORO, ORE. — Trammell Crow Co. (TCC) and joint venture partners Mar-Gulf Management and MDI Capital, the international subsidiaries of Kuwait Financial Centre, have broken ground on VanRose Technology Center, a speculative logistics building in Hillsboro, approximately 20 miles west of Portland. Slated for delivery by July 2026, VanRose Technology Center will offer 303,969 square feet of cross-dock logistics space. Situated on 16 acres at 2625 N.E. Huffman Road, VanRose Technology Center will feature a clear height of 36 feet, 234 automobile stalls, 64 dock doors, four drive-ins and 33 trailer stalls. VanRose Technology Center can be demised to fit up to four tenants. Project partners include Mackenzie Inc. as architect, Perlo Construction as general contractor and Citizens Bank as lender. Macadam Forbes is marketing the property for sale or lease.

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Milam Dairy Commerce Center I & II
AcquisitionsFloridaIndustrialSoutheast

Keyes Co. Brokers $26.8M Sale of Industrial Complex in Miami

by Abby Cox

MIAMI — The Keyes Co. has brokered the $26.8 million sale of Milam Dairy Commerce Center I & II, a two-property industrial complex located in Miami. Milam Dairy Commerce Center I & II, which is situated at 6700 N.W. 72nd Ave. and 7205 N.W. 68th St., totals approximately 110,000 square feet across seven buildings. Tony Ulloa and Marcos Macias of Keyes Co. brokered the off-market transaction on behalf of the undisclosed buyer. The duo also represented the sellers, which were three separate family groups, according to Keyes Co.

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PSRS-Indust-Alhambra-CA
CaliforniaIndustrialLoansWestern

PSRS Arranges $5M Refinancing for Industrial Property in Alhambra, California

by Amy Works

ALHAMBRA, CALIF. — PSRS has arranged $5 million in refinancing for an industrial property in Alhambra. Built in 1980, the 106,266-square-foot bulk warehouse building features a clear height of 25 feet, a showroom area and small office build-out. Additionally, the asset includes 198 surface parking spaces. Michael Tanner and David Sarnoff of PSRS secured the nonrecourse loan, which was structured with an interest-only term, through one of PSRS’ correspondent life insurance company lenders.

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