Industrial

JLL Brokers Sale of 250,541 SF Industrial Facility in Durham Leased to LifeScience Logistics

by Abby Cox July 25, 2025

DURHAM, N.C. — JLL Capital Markets has brokered the sale of LifeScience Logistics at Durham 85, a 250,541-square-foot industrial facility situated at 2360 Ferrell Road within Durham 85 Industrial Park. The facility, which is located 10 miles from Research Triangle Park, is fully leased by LifeScience Logistics LLC, a supply chain service provider in the healthcare and pharmaceutical industries. The facility features 32-foot clear heights, ESFR fire suppression and energy-efficient LED lighting throughout the property. Dave Andrews, Pete Pittroff, Michael Scarnato and Mike Lewis of JLL represented the seller, a joint venture between Scannell Properties and Manulife Investment Management, in the transaction. Mississippi-based EastGroup Properties purchased the facility for an undisclosed price.

July 25, 2025

Acquisitions Development Florida Industrial Southeast

Foundry, Crow Holdings Acquire 10-Acre Site in Pompano Beach, Plan 182,000 SF Industrial Campus

by Abby Cox July 25, 2025

POMPANO BEACH, FLA. — A partnership between Foundry Commercial’s Development & Investments platform and Crow Holdings Capital has acquired Festival South, a 10-acre former parking lot site located in Pompano Beach. The site will be redeveloped into a two-building industrial campus that totals 182,000 square feet. The new campus, which will be situated at the corner of NW 33rd Street and NW 27th Avenue near Fort Lauderdale-Hollywood International Airport, marks Foundry’s 21st development in the South Florida market. Further details about Festival South were not released.

July 25, 2025

Industrial Leasing Activity Northeast Pennsylvania

Filter King Opens 61,600 SF Manufacturing, Distribution Facility in Bethlehem, Pennsylvania

by Taylor Williams July 25, 2025

BETHLEHEM, PA. — Filter King LLC, a provider of customized HVAC parts, has opened a 61,600-square-foot manufacturing and distribution facility in the Lehigh Valley city of Bethlehem. Regional developer J.G. Petrucci Co. owns the building, and The Lehigh Valley Economic Development Corp. assisted Filter King in its site selection process. Filter King, which now has an operational footprint of 200,000 square feet across three states, says the opening of the Bethlehem facility could result in the creation of as many as 120 new jobs.

July 25, 2025

Acquisitions Industrial Texas

Alterra Acquires Industrial Outdoor Storage Facility in Northeast Houston

by Taylor Williams July 24, 2025

HOUSTON — Philadelphia-based investment firm Alterra IOS has acquired an industrial outdoor storage facility in northeast Houston. The 2.9-acre facility at 7470 Miller Road 2 features 20,980 square feet of warehouse space and was originally built in 2002, according to LoopNet Inc. Jack Zalta of KSR NY brokered the deal. The seller and sales price were not disclosed.

July 24, 2025

Crossroads-95-Logistics-Center-Newark-Delaware

Delaware Development Industrial Northeast

Logistics Property Co. to Develop 442,530 SF Industrial Project in Newark, Delaware

by Taylor Williams July 24, 2025

NEWARK, DEL. — Chicago-based Logistics Property Co. will develop Crossroads 95 Logistics Center, a 442,350-square-foot industrial project in Newark. The 43-acre site offers proximity to the Delaware Memorial Bridge and the Port of Wilmington, as well as 1,000 feet of frontage along I-95, and the building will feature a clear height of 36 feet and ample car and trailer parking. Construction is scheduled to begin in the coming weeks and to be complete in the third quarter of 2026. John Plower, Ryan Cottone, Zach Maguire and Jordan Schwartz of JLL brokered the sale of the land.

July 24, 2025

Acquisitions California Industrial Western

BKM Capital, Kayne Anderson Buy 16-Building Bay Area Industrial Portfolio

by Amy Works July 24, 2025

CONCORD AND HAYWARD, CALIF. — BKM Capital Partners and Kayne Anderson Real Estate, the real estate investment arm of Kayne Anderson, have acquired a three-property industrial portfolio in the San Francisco Bay Area. Details of the transaction were not released. CBRE National Partners handled the transaction. Totaling approximately 505,000 square feet across 16 buildings and 94 units, the portfolio consists of institutional quality, light industrial space situated on 34 acres of infill land with access to regional transportation. At the time of sale, the portfolio was 89 percent leased to more than 70 tenants, with unit sizes averaging just over 5,300 square feet. The portfolio includes the 10-building, 245,930-square-foot Concord Industrial Park in Concord as well as the three-building, 176,056-square-foot Huntwood Business Center and the three-building, 82,562-square-foot Hesperian Business Park in Hayward. The Concord asset will be renamed Mount Diablo Industrial Park as part of BKM’s broader repositioning plan.

July 24, 2025

Acquisitions Industrial New Jersey Northeast

CenterPoint Acquires Two Industrial Buildings Totaling 387,526 SF in Avenel, New Jersey

by Taylor Williams July 24, 2025

AVENEL, N.J. — Chicago-based investment firm CenterPoint Properties has acquired two industrial buildings totaling 387,526 square feet in the Northern New Jersey community of Avenel. The building at 191 Blair Road is a 198,854-square-foot, cross-dock facility with a clear height of 36 feet. The building at 215 Blair Road is a 188,672-square-foot, single-load warehouse with clear heights of 22 to 30 feet and several acres of overflow parking space. Gary Gabriel, Kyle Schmidt and Ryan Larkin of Cushman & Wakefield brokered the sales of the buildings, both of which were fully leased at closing.

July 24, 2025

LogistiCenter-Frederickson-BldgA-Tacoma-WA

Acquisitions Development Industrial Washington Western

Dermody Acquires Fully Entitled Site for LogistiCenter at Frederickson in Tacoma, Washington

by Amy Works July 24, 2025

TACOMA, WASH. — Dermody has purchased 40.8 acres of land at 17027-17028 Canyon Parkway East In Tacoma for an undisclosed price. The fully entitled site will become LogistiCenter at Frederickson, a two-building industrial park. Slated for delivery in second-quarter 2026, Building A will offer 443,420 square feet and Building B will feature 91,728 square feet. Additionally, the property will feature a trailer lot. Andrew Hitchcock, Andrew Stark and Zac Snedeker of CBRE are handling leasing for the project. Brett Hartzell of CBRE’s National Partners assisted with the acquisition.

July 24, 2025

Acquisitions California Industrial Self-Storage Western

Matthews Brokers Sale of 67,980 SF Southgate Mini Storage Property in Napa, California

by Amy Works July 24, 2025

NAPA, CALIF. — Matthews Real Estate Investment Services has brokered the sale of Southgate Mini Storage, a self-storage property located at 1025 Golden Gate Drive in Napa. Terms of the transaction were not disclosed. Shane Avera of Matthews handled the transaction. The seller has owned the 67,980-square-foot property for more than 50 years.

July 24, 2025

Development Industrial Midwest Wisconsin

Zilber Property Group to Build 238,000 SF Spec Industrial Facility in Janesville, Wisconsin

by Kristin Harlow July 24, 2025

JANESVILLE, WIS. — Zilber Property Group (ZPG) has unveiled plans to build Zilber Industrial 13, a 238,000-square-foot speculative industrial facility in Janesville, a city in southern Wisconsin. The building marks the first within Janesville Innovation Park, a master-planned, 110-acre industrial development with capacity for more than 1.8 million square feet. Zilber Industrial 13 will be located near the intersection of Beloit Avenue and Highway 11, minutes from the I-90 interchange. The project can accommodate users as small as 35,000 square feet. Plans call for a clear height of 32 feet, high-bay LED lighting, an ESFR sprinkler system and expandable loading and trailer parking. With municipal approvals anticipated this summer, construction is expected to begin shortly thereafter with delivery slated for late 2025. The project team includes Zimmerman Architectural Studios, Pinnacle Engineering Group and Riley Construction. Michael Kleber of ZPG will handle leasing.

July 24, 2025

Newer Posts

Older Posts