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Industrial

AcquisitionsIndianaIndustrialMidwest

Colliers Negotiates Sale of 149,012 SF Industrial Portfolio in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Colliers has negotiated the sale of Georgetown Commerce Park, a two-building light industrial portfolio totaling 149,012 square feet in Indianapolis. The properties are situated within the Park 100 industrial park and feature clear heights ranging from 16 to 20 feet, 25 dock doors, 23 drive-in doors and 337 parking spaces. At the time of sale, the portfolio was 95.6 percent occupied by 21 tenants. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Jason Speckman, Tyler Wilson and Sydney Gabriel of Colliers represented the undisclosed seller. The buyer was Blue Ridge Industrial LLC, a Dallas-based private equity firm.

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CaliforniaCompany NewsConnecticutIndustrialNortheastTop StoriesWestern

Sachem Capital, IRG Enter Into Agreement to Create $3.4B Industrial REIT

by Taylor Williams

BRANFORD, CONN. AND LOS ANGELES — Sachem Capital Corp. (NYSE: SACH), a Connecticut-based real estate finance company, and Los Angeles-based Industrial Realty Group (IRG) have entered into a definitive contribution agreement to form a new industrial REIT with a market value of $3.4 billion. The deal is expected to close by the end of the year. Under the terms of the agreement, IRG will contribute 98 industrial properties from its portfolio of 200 assets to Sachem. Once complete, the newly formed company will operate as IRG Realty Trust Inc. (IRGT) and is expected to have an industrial portfolio with a gross real estate asset value of $2.9 billion. In addition, the new company will carry Sachem’s approximately $470 million (as of March 31, 2026) in direct and indirect mortgage loans, investments in developmental and owned real estate and other assets. The transaction values Sachem’s common shares at $2 per share, representing a 90 percent premium to the company’s 30‑day volume weighted average price. Upon closing, IRGT Inc. will focus on mission‑critical industrial infrastructure that supports manufacturing and distribution users. Assets that are not being contributed will continue to be owned and operated by IRG’s existing private business. “This accretive transaction …

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CaliforniaIndustrialMarket ReportsWesternWestern Market Reports

LA’s Industrial Market Stabilizes After Record Highs

by John Nelson

— Matt Moore and Wes Hunnicutt of Stream Realty Partners — The Los Angeles industrial real estate market is stabilizing after a historic run of record-high rents and the all-time-low vacancy seen in 2022 and 2023. Pandemic-driven demand pushed users to take on additional space at a rapid pace, with supply chain concerns forcing tenants to carry more inventory. As the pandemic subsided, the market began a softening period in 2024 through early 2025. This brought about a massive rent correction as tenants began to give back space and right-size their operations. Stabilization has begun, however, and most investors feel the market has found its bottom and is beginning to rebound at a normalized, moderate pace. Vacancy rates at the peak were less than 2 percent in a market with nearly 1 billion square feet of inventory, while rates hit $1.85 per square foot (triple net) in early 2023.  Los Angeles’ industrial market has now settled at about 6 percent and $1.43 per square foot, which most would consider healthy.  Today, tenants have options when looking for larger blocks of space, and they’re no longer forced to pay record-high rents with minimal concessions from landlords.  Third-party logistics providers have continued …

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AcquisitionsIndustrialLeasing ActivityTexas

Outrigger Industrial Sells 1 MSF Building at Generation Park in Northeast Houston

by Taylor Williams

HOUSTON — Outrigger Industrial has sold a 1 million-square-foot building within Generation Park, a 4,000-acre master-planned development in northeast Houston. The building sits on a 72-acre site at 12515 Lockwood Road and features 40-foot clear heights, ESFR sprinkler systems and “abundant” car and trailer parking. The buyer and sales price were not disclosed. Additionally, Outrigger has entered into a lease with Representative Materials Co. for the entirety of its other, 255,871-square-foot building within Generation Park. Jarret Venghaus, Jeff Venghaus and David Holland of JLL represented Outrigger in both transactions. JLL also represented both the buyer in the sale and the tenant in the lease negotiations.

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AcquisitionsIndustrialTexas

TruCore Industrial Acquires 72,710 SF Industrial Portfolio in Houston, San Antonio

by Taylor Williams

HOUSTON AND SAN ANTONIO — Tulsa-based TruCore Industrial has acquired a portfolio of two industrial properties totaling 72,710 square feet, one of which is located in Houston and the other of which is located in San Antonio. Both buildings were fully leased at the time of sale to Sparkstone Electrical Group, a manufacturer of power distribution and control equipment. The seller and sales price were not disclosed.

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AcquisitionsIndustrialTexas

LanCarte Commercial Arranges Sale of 33,000 SF Industrial Building in South Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based brokerage firm LanCarte Commercial has  arranged the sale of a 33,000-square-foot industrial building in South Fort Worth. The single-tenant building at 7610 Will Rogers Blvd. is located within Carter Industrial Park. Sarah LanCarte of LanCarte Commercial brokered the deal on behalf of the undisclosed seller. The buyer, which was also not disclosed, plans to use the building for manufacturing.

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IndustrialLeasing ActivityOfficeTexas

Remedi SeniorCare Signs 10,248 SF Lease Renewal at Flex Building in Plano

by Taylor Williams

PLANO, TEXAS — Remedi SeniorCare of Dallas has signed a 10,248-square-foot lease renewal at 2600 Research Drive, a flex building in Plano. Brian Pafford and Jared Laake of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Kennington Research LLC, in the lease negotiations. Jude Collins and Jake Griffin of Cushman & Wakefield represented the tenant.

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AcquisitionsCaliforniaIndustrialWestern

JLL Arranges Sale of 365,774 SF Industrial Portfolio Near Los Angeles Across Two Separate Transactions

by Amy Works

LOS ANGELES — JLL Capital Markets has arranged the sale of Project Bronco, a multi-submarket industrial portfolio in Los Angeles’ San Gabriel Valley and Orange County submarkets. EQT Real Estate and Berkeley Partners each acquired separate assets from the 365,774-square-foot portfolio through distinct closings. Patrick Nally, Ryan Spradling, Evan Moran, Makenna Peter and Shae Vomund of JLL Capital Markets represented the undisclosed seller in both transactions.

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AcquisitionsIllinoisIndustrialMidwest

TruCore Industrial Acquires 71,552 SF Single-Tenant Property in Peoria, Illinois

by Kristin Harlow

PEORIA, ILL. — TruCore Industrial, an owner and operator of Class B industrial real estate, has acquired a 71,552-square-foot property in Peoria net leased to HD Supply, a wholly owned subsidiary of The Home Depot. The facility is located just off North Allen Road and State Route 6. HD Supply is a wholesale distributor of maintenance, repair and operations products in North America, serving multifamily, hospitality, healthcare, institutional, commercial, government and education facilities. HD Supply operates more than 100 distribution centers across the U.S. and Canada.

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IndustrialLeasing ActivityMassachusettsNortheastOffice

BRUNT Workwear to Open 56,000 SF Headquarters Facility in Wilmington, Massachusetts

by Taylor Williams

WILMINGTON, MASS. — BRUNT Workwear will open a 56,000-square-foot headquarters facility in Wilmington, located north of Boston. The space is located within the 126,000-square-foot advanced manufacturing facility at 301 Ballardvale St. and includes lab and office space. Derek Losi and Nathaniel Heilbron of Cresa represented the tenant in its site selection and lease negotiations. Brian McKenzie and Christian Valli of CBRE represented the landlord, a partnership between Camber Development and GEM Realty Capital.

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