Wednesday, October 22, 2025
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Industrial

14515-14585-Valley-View-Ave-Santa-Fe-Springs-CA
AcquisitionsCaliforniaIndustrialWestern

Voit Negotiates Sale of 210,098 SF Valley View Commerce Center in Santa Fe Springs, California

by Amy Works

SANTA FE SPRINGS, CALIF. — Voit Real Estate Services has negotiated the sale of Valley View Commerce Center at 14515-14585 Valley View Ave. in Santa Fe Springs. A family wealth office sold the asset to Circle Industrial Growth Fund II for an undisclosed price. Built in 1989 on 14.2 acres, the six-building asset offers 210,098 square feet of multi-tenant industrial space. The property features grade-level loading doors and 109 units ranging from 919 square feet to 3,409 square feet. At the time of escrow, the property was 76 percent occupied. Michael Hefner, Robert Socci, Mitch Zehner and Seth Davenport of Voit represented the seller and buyer in the transaction.

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Land for new industrial facility
DevelopmentIndustrialSoutheastVirginia

Blue Ridge Beverage Co. Relocates to 80,000 SF Build-to-Suit Industrial Facility in Rustburg, Virginia

by Abby Cox

RUSTBURG, VA. — Locally based Blue Ridge Beverage Co., a full-service wholesale beverage distributor, will move its Lynchburg division of operations to Campbell County in Rustburg with the construction of an 80,000-square-foot industrial facility. The building will house the division’s operations, sales, delivery, product inventory and administrative offices on more than 14 acres at Seneca Commerce Park, a 145,000-square-foot industrial property currently under development. The company will transfer its existing workforce from Lynchburg to the new Rustburg location.

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IndustrialMarket ReportsMississippiSoutheastSoutheast Market ReportsTennessee

Memphis: A World-Class Logistics Hub Positioned for Future Growth

by John Nelson

The Memphis industrial market stands at a pivotal juncture in mid-2025, navigating temporary headwinds while maintaining the fundamental strengths that have established it as one of the Southeast’s premier logistics hubs. Despite recent challenges from global trade uncertainties and tariff negotiations impacting project timelines, the market’s long-term outlook remains positive with a foundation built on unparalleled logistics infrastructure and strategic advantages. Global logistics advantage  Memphis stands as the ultimate global logistics hub, with unrivaled multimodal infrastructure creating competitive advantages few markets can match. The “FedEx effect” remains one of Memphis’ most significant economic drivers. This powerful multiplier — named for the company’s massive impact on the regional economy — has transformed Memphis into a critical node in global supply chains. With its World Hub at Memphis International Airport, FedEx connects businesses to hundreds of countries across multiple continents, processing millions of shipments while employing thousands across the region. Recent initiatives, including Network 2.0, One FedEx and the new Automated Sorting Facility at the World Hub, represent strategic investments in efficiency and integration that are likely to boost the Memphis industrial real estate market. Additionally, Memphis International Airport ranks among the busiest cargo airports in the Western Hemisphere and the second …

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610-Business-District-Houston
DevelopmentIndustrialTexas

Lovett Industrial Breaks Ground on 537,132 SF Spec Project in South Houston

by Taylor Williams

HOUSTON — Locally based developer Lovett Industrial has broken ground on a 537,132-square-foot speculative project in South Houston. The project represents Phase II of a master-planned development known as 610 Business District and will consist of four shallow-bay warehouses that will range in size from 53,110 to 219,487 square feet. At full build-out, the 113-acre development will comprise 1.5 million square feet across nine buildings. Associated Bank is financing Phase II of 610 Business District. Alston Construction is the general contractor for the project, and CBRE is the leasing agent. Completion is slated for the first quarter of 2026.

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AcquisitionsDevelopmentIndustrialTexas

LanCarte Commercial Negotiates Sale of 100-Acre Industrial Development Site in Weatherford, Texas

by Taylor Williams

WEATHERFORD, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated the sale of a 100-acre industrial development site in Weatherford, a western suburb of Fort Worth. The site is located at the junction of South Main Street and Old Airport Road. The development will feature shallow-bay product that will be marketed for both sale and lease, and the project will also offer build-to-suit opportunities. Darren Cain and Sarah LanCarte of LanCarte represented the seller, Tri-County Electric Cooperative Inc., in the transaction. Mark Boone, also with LanCarte, represented the undisclosed buyer.

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AcquisitionsIndustrialTexas

COIM USA Acquires 20-Acre Industrial Facility at TexAmericas Center in Texarkana

by Taylor Williams

TEXARKANA, TEXAS — COIM USA, a provider of specialty chemicals, has acquired a 20-acre industrial facility at TexAmericas Center, a 12,000-acre mixed-use and industrial park located near the Arkansas-Texas border in Texarkana. Another chemicals manufacturer, Palmer International, sold the rail-served site, which includes a 25,000-square-foot facility in addition to logistics and transload infrastructure. The sales price was not disclosed.

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139-Franklin-St.-Manhattan
DevelopmentIndustrialMultifamilyNew YorkNortheastSelf-Storage

Joint Venture Buys Manhattan Self-Storage Facility for $43.5M, Plans Multifamily Conversion

by Taylor Williams

NEW YORK CITY — A joint venture between Broad Street Development and TPG Angelo Gordon has purchased a 56,384-square-foot self-storage facility in Manhattan’s Tribeca neighborhood for $43.5 million with plans to undertake a multifamily conversion. The 10-story building at 139 Franklin St. was originally constructed in 1915 and houses 74 units. Brendan Maddigan, Andrew Scandalios, Ethan Stanton, Hall Oster, Michael Mazzara and Vickram Jambu of JLL represented the seller, the Sofia Family, in the transaction and procured the joint venture as the buyer. A construction timeline for the conversion was not announced.

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Carmel Church Business Center
IndustrialLeasing ActivitySoutheastVirginia

Lingerfelt, Davis Sign M.C. Dean to 152,491 SF Industrial Lease Near Richmond

by Abby Cox

RUTHER GLEN, VA. — Lingerfelt and The Davis Cos. have signed a 152,491-square-foot lease with design-build and systems integration firm M.C. Dean at Carmel Church Business Center in Ruther Glen, roughly 30 miles north of Richmond. The new lease will allow M.C. Dean to expand its production capacity, shifting more space away from onsite storage to meet the growing demand for its mission-critical products. Modular Mission Critical, M.C. Dean’s 585-acre manufacturing campus one mile northeast of Carmel Church Business Center, will serve as the hub for customizable, tested and secure modular products. Jake Servinsky and Jimmy Appich of JLL represented M.C. Dean. Graham Stoneburner and Mark Douglas of Cushman & Wakefield | Thalhimer represented ownership in the lease negotiations. Caramel Church Business Center, a 325,500-square-foot warehouse, was completed in 2024 through a joint venture between Lingerfelt and Boston-based Davis. ARCO Design/Build developed the facility.

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DevelopmentIndustrialLoansNew JerseyNortheast

Bank Hapoalim Provides $33M Construction Loan for Central New Jersey Industrial Project

by Taylor Williams

NEW BRUNSWICK, N.J. — Israel’s Bank Hapoalim has provided a $33 million construction loan for Joyce Kilmer Logistics Center, a 195,421-square-foot industrial project that will be located in the Central New Jersey community of New Brunswick. The site is proximate to Exit 9 off the New Jersey Turnpike, and the facility will have two buildings that will feature a clear height of 36 feet and 32 loading docks. Brad Domenico, Frank Stanislaski and Jack Subers of Cushman & Wakefield arranged the loan on behalf of the borrower, a partnership between two New Jersey-based firms, Faropoint and Deugen Development.

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5416 Wyoming Ave.
AcquisitionsIndustrialNorth CarolinaSoutheast

APG Buys 80,000 SF Infill Distribution Building in Charlotte

by Abby Cox

CHARLOTTE, N.C. — Atlanta Property Group (APG) has purchased 5416 Wyoming Ave., an 80,000-square-foot infill distribution building in Charlotte. Situated in the Westinghouse industrial submarket, the facility was originally constructed in 1998 and features 18 to 21-foot clear heights, a 150-foot truck court, dock-high doors, full-building HVAC and heavy power. The facility was fully leased at the time of sale and marks APG’s second industrial acquisition in Charlotte. APG plans to invest $150 million of committed funds into existing distribution properties in the Atlanta, Charlotte, Greenville, Savannah, Nashville, Raleigh and Central Florida markets by the end of 2025.

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