Thursday, November 27, 2025
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Industrial

DevelopmentIllinoisIndustrialMidwest

Seefried Breaks Ground on 64,421 SF Spec Industrial Development in Woodridge, Illinois

by Kristin Harlow

WOODRIDGE, ILL. — Seefried Industrial Properties has broken ground on a 64,421-square-foot speculative industrial development at 10321 Beaudin Blvd. in Woodridge. The Class A facility is designed to serve a wide range of industrial users and will be available for sale or lease upon completion, which is slated for the first quarter of 2026. Situated on a 3.8-acre site within the International Business Center, the building will include 13 exterior docks, two drive-in doors, a clear height of 32 feet, 68 car parking stalls and office build-to-suit space. Divisible to 25,000 square feet, the building is designed to serve both single and multi-tenant users. The project site provides convenient access to the I-55 and I-355 interchanges. Rowan McDonnell, Traci Payette and Stephanie Park of CBRE are marketing the development for sale or lease. The project team includes Keeley Construction, Harris Architects Inc. and Jacob & Hefner Associates Inc. as civil engineer.

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DevelopmentIndustrialMidwestMinnesota

Kraus-Anderson Completes 41,250 SF Manufacturing Facility in Hibbing, Minnesota

by Kristin Harlow

HIBBING, MINN. — The Duluth office of Kraus-Anderson has completed a new manufacturing facility for Advanced Machine Guarding Solutions (AMGS) in Hibbing, a city in northeast Minnesota. The 41,250-square-foot building is owned by the Hibbing Economic Development Authority. Designed by Widseth Architects, the project features a 35,000-square-foot manufacturing area and a 3,750-square-foot office. AMGS manufactures steel perimeter guarding for machines and robotics. Construction began in August 2024.

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IndustrialLeasing ActivityTexas

HydroGraph USA Signs 20,555 SF Industrial Lease in South Austin

by Taylor Williams

AUSTIN, TEXAS — HydroGraph USA Inc. has signed a 20,555-square-foot industrial lease in South Austin. The chemicals manufacturer is taking space at the building at 2101 E. St. Elmo Road, which according to LoopNet Inc. was completed in 2021 and totals 52,236 square feet. Eric Sheaffer of Partners Real Estate represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

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DevelopmentGeorgiaIndustrialSoutheast

Joint Venture Breaks Ground on 686,400 SF Industrial Park in Buford, Georgia

by John Nelson

BUFORD, GA. — A joint venture between Trammell Crow Co. and a consortium led by CBRE Japan has broken ground on Buford Creek Business Center, a three-building, 686,400-square-foot industrial park in metro Atlanta. Situated at the northeast corner of Lanier Islands Parkway and Big Creek Road in Buford, the park will sit three miles from I-985 and 30 miles northeast of Atlanta. The developers plan to deliver Buford Creek Business Center by third-quarter 2026. The design-build team includes architect Atlas Collaborative and general contractor The Conlan Co. CBRE is leasing the park, which will comprise Building 100, a 349,440-square-foot cross-dock warehouse with 40-foot clear heights, and Buildings 200 and 300, two identically sized rear-load buildings spanning 168,400 square feet each.

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AcquisitionsIndustrialLeasing ActivityMississippiSoutheast

Cushman & Wakefield | Commercial Advisors Arranges Sale-Leaseback of Industrial Portfolio in Jackson, Detroit

by John Nelson

JACKSON, MISS. AND DETROIT — Cushman & Wakefield | Commercial Advisors has arranged the sale-leaseback of a five-property light-manufacturing industrial portfolio totaling 169,043 square feet. Four of the five assets are located in metro Jackson and one facility is located in metro Detroit. Landon Williams and Katie Hargett of Cushman & Wakefield | Commercial, along with Pratt Rogers of Kerioth Corp., represented the seller, an entity doing business as Multicraft Real Estate LLC. The buyer, an entity doing business as Harrison Cayden Holdings LLC, purchased the portfolio and leased it back on a 15-year term to Multicraft, which specializes in manufacturing equipment for the automotive, power tool and HVAC industries. Other terms of the transaction were not disclosed.

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AcquisitionsIndianaIndustrialMidwest

Greenstone Partners Brokers $16.5M Sale of Two Industrial Facilities in Portage, Indiana

by Kristin Harlow

PORTAGE, IND. — Greenstone Partners has brokered the $16.5 million sale of the Addison and Clark buildings, two multi-tenant industrial properties totaling 166,134 square feet in Portage. The transaction represents the highest price per square foot ever achieved for a multi-tenant industrial investment of 50,000 square feet or larger in the Northwest Indiana region, according to CoStar. Located at 6625 and 6675 Daniel Burnham Drive, the shallow bay buildings are home to a long-term tenant base with an average tenure of 13 years. Flexible suite configurations range from 10,000 to 50,000 square feet. Jason St. John of Greenstone represented the seller, a Florida-based private investor, and procured the buyer, Sperry Equities, a Southern California-based real estate investment group.

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AcquisitionsIllinoisIndustrialMidwest

JLL Arranges Sale of 73,150 SF Industrial Property in Vernon Hills, Illinois

by Kristin Harlow

VERNON HILLS, ILL. — JLL Capital Markets has arranged the sale of a 73,150-square-foot light industrial property in the Chicago suburb of Vernon Hills. Built in 1990 on 4.4 acres, the facility features a clear height of 24 feet, three interior recessed loading docks, three drive-in doors and 227 parking stalls. The building is currently fully leased to four tenants with a 5.2-year contractual weighted average lease term. The tenant roster spans home appliance, sports and recreation, and water and wastewater treatment industries. Each user has invested significantly in specialized build-outs for their spaces. The property is situated within Continental Executive Parke, a 600-acre master-planned business park originally developed by Prentiss Properties. Kurt Sarbaugh and Jaime Fink of JLL represented the seller, JMS Capital Group. Wisconsin-based Luther Group was the buyer.

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IndustrialLeasing ActivityNew YorkNortheast

Cushman & Wakefield Negotiates 28,000 SF Industrial Lease Near JFK International Airport

by Taylor Williams

NEW YORK CITY — Cushman & Wakefield has negotiated a 28,000-square-foot industrial lease near JFK International Airport in Queens. The tenant, freight and logistics operator Kennedy Transport Services LLC, will occupy space at Inwood Logistics Center, a 10-building development. Rico Murtha, Helen Paul, Sonny Singh, Thomas Deluca, David Frattaroli, John Giannuzzi and Joseph Hentze Jr. represented the landlord, a partnership led by Onyx Equities, in the lease negotiations. The tenant representative was not disclosed.

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AcquisitionsIndustrialOklahomaTexas

Realterm Buys 94,089 SF Warehouse Near Will Rogers Airport in Oklahoma City

by Taylor Williams

OKLAHOMA CITY — Realterm, a Maryland-based investment manager focused on the transportation industry, has purchased a 94,089-square-foot warehouse that is adjacent to Will Rogers International Airport in Oklahoma City. Built on 9.3 acres in 2018 via a ground lease with the Oklahoma City Airport Trust and leased to a multinational logistics user, the warehouse features two dock-high doors, 14 drive-in doors, 25 truck parking spaces and 15 trailer parking spaces. The seller and sales price were not disclosed.

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IndustrialLoansNew JerseyNortheast

G.S. Wilcox Arranges $23M Permanent Loan for Industrial Property in Secaucus, New Jersey

by Taylor Williams

SECAUCUS, N.J. — Locally based financial intermediary G.S. Wilcox & Co. has arranged a $23 million permanent loan for an industrial property located in the Northern New Jersey community of Secaucus. The 200,000-square-foot facility, which was fully leased at the time of sale, includes 19 loading docks, one drive-in door and office space. Gretchen Wilcox and Al Raymond of G.S. Wilcox arranged the five-year, fixed-rate loan through an undisclosed life insurance company. The borrower was also not disclosed.

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