Wednesday, June 18, 2025
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Industrial

DevelopmentIndustrialMidwestMissouri

Brinkmann Constructors Completes 127,000 SF Cold Storage Facility in Foristell, Missouri

by Kristin Harlow

FORISTELL, MO. — Brinkmann Constructors has completed a 127,000-square-foot cold storage distribution center for Coastal Cold Storage in Foristell, about 43 miles west of St. Louis. The facility, the first of three planned phases, was completed in nine months. Coastal Cold Storage owns and operates the property, which is situated along I-70 and features a 55,600-square-foot freezer, 29,300-square-foot cooler with a 42-foot clear height, 23,500-square-foot cold dock spanning 70 feet deep and a total capacity of 16,500 pallet positions. There is also an 8,600-square-foot office and support area.

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Laredo-Pinnacle-Development-II
DevelopmentIndustrialTexas

Standard Real Estate, Brennan to Develop 433,000 SF Industrial Facility in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — A partnership between Standard Real Estate Investments and Brennan Investment Group will develop a 433,000-square-foot industrial facility in the Rio Grande Valley city of Laredo. The site is located within Pinnacle Industry Center, and the development will be known as Laredo Pinnacle Development II. Building features will include 156 dock doors, four drive-in doors, 185- to 240-foot truck court depths, an ESFR sprinkler system, parking for 144 cars and 197 trailers and the capacity to accommodate a single or multiple users. Construction is scheduled to begin in the coming days and to be last about a year.

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AcquisitionsDevelopmentIndustrialLee & AssociatesTexas

Lee & Associates Brokers Sale of 10-Acre Industrial Development Site in Eagle Pass, Texas

by Taylor Williams

EAGLE PASS, TEXAS — Lee & Associates has negotiated the sale of a 10-acre industrial development site in Eagle Pass, located north of Laredo along the Texas-Mexico border. The site at 4338 El Indo Highway is located within the 2,000-acre Empire Industrial Park. Enrique Volkmer of Lee & Associates represented the seller, an entity doing business as Empire Industrial Park LLC, in the lease negotiations. P.W. Ellis represented the buyer, Pilot Travel Centers LLC, which plans to develop and operate a diesel station and truck stop at the site. Vertical construction of the first 136,000-square-foot building is scheduled to begin in April.

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IndustrialLeasing ActivityTexas

Axis Portable Air Signs 14,537 SF Industrial Lease in San Antonio

by Taylor Williams

SAN ANTONIO — Axis Portable Air, which provides rentable heating, cooling and drying equipment, has signed a 14,537-square-foot industrial lease in San Antonio. According to LoopNet Inc., the single-tenant building at 6000 Kaepa Court was constructed in 1998 and features 24-foot clear heights. William Alcorn and Jack Gaffney of Houston-based brokerage firm Finial Group represented the undisclosed landlord in the lease negotiations. Glenn Villarreal of Henry S. Miller represented Axis Portable Air.

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CaliforniaIndustrialLoansWestern

CrossHarbor Capital Partners Provides $21.5M Loan for Industrial Park in Englewood, Colorado

by Amy Works

ENGLEWOOD, COLO. — CrossHarbor Capital Partners has provided $21.5 million in capital to a joint venture between CenterSquare Investment Management and Quannah Partners. Loan proceeds will go to refinancing The Point, a two-building Class A industrial park in Englewood. Developed by Quannah Partners and CenterSquare in 2024, The Point features 195,000 square feet spread across two buildings on 15 acres at 8039 Chambers St. in Englewood.

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IllinoisIndustrialLeasing ActivityMidwest

Popcorn Factory Signs Industrial Lease Renewals Totaling 149,000 SF in Suburban Chicago

by Kristin Harlow

LAKE FOREST, ILL. — The Popcorn Factory has signed industrial lease renewals totaling 149,000 square feet in the Chicago suburb of Lake Forest. The transactions span two properties — 28160 N. Keith Drive and 13970 W. Laurel Drive — where the tenant’s manufacturing operations have been based for more than 25 years. Corey Chase of Newmark represented Popcorn Factory, which first moved into the 70,000-square-foot facility at Laurel before expanding to the adjacent 78,000-square-foot property at Keith. As part of the expansion, a tunnel connecting the two contiguous properties was built. Today, the facilities require substantial renovations. Seeking to motivate the tenant to stay in place, ownership agreed to implement a seven-figure capital improvement and modernization to meet the requirements. The scope of work includes enhancements to the power system, modernization of dock doors, improvements to the parking lot and a modernized lunchroom.

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IndustrialMarket ReportsMidwestMidwest Market Reports

A Developer’s Guide to Midwest Industrial Hot Spots

by Kristin Harlow

Developers identify industrial hot spots as areas with low vacancy rates that justify speculative construction. These centrally located sites offer convenient highway access and proximity to a wide labor pool.  In the Midwest, examples of industrial development hot spots where demand has remained strong include Chicago, Minneapolis, Columbus and Louisville, according to Steve Schnur, chief operating officer with Chicago-based CRG. He cites these markets because of their affordability, business-friendly environment and robust logistics infrastructure. These areas tend to keep a healthy supply-demand balance, he adds. Luckily for those whose livelihood is tied to the industrial property type, 2025 is expected to bring a return to pre-pandemic demand drivers, according to CBRE’s “U.S. Real Estate Market Outlook 2025.” The brokerage firm states that industrial occupiers will focus on longer-term strategies to improve warehouse efficiency, ensure supply chain resiliency and meet the needs of an evolving consumer base.  At the beginning of this year, CRG inked a lease with States Manufacturing for 503,440 square feet at The Cubes at French Lake in metro Minneapolis. The 1 million-square-foot facility, completed in 2024, marked the largest speculative industrial project ever developed in the state, according to the developer.  On the other end of the …

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Gateway-Logistics-Park-El-Paso
DevelopmentIndustrialTexas

Provident Breaks Ground on 497,280 SF Industrial Project in El Paso

by Taylor Williams

EL PASO, TEXAS — Dallas-based development and investment firm Provident has broken ground on a three-building, 497,280-square-foot industrial project in El Paso. The project, all buildings of which will feature rear-load configurations, represents Phase IV of Gateway Logistics Park. Buildings 4 and 5 will each span 147,420 square feet and will have a shared 205-foot truck court. Building 6 will total 202,440 square feet and will have a 130-foot truck court and 44 trailer parking stalls. Completion is slated for early 2026. The first three phases of Gateway Logistics Park added 921,759 square feet of space to the local supply. Last fall, in two separate transactions, Provident sold three buildings within the development to Philadelphia-based EQT Exeter: two buildings totaling 576,365 square feet in August and a 345,394-square-foot building in September.

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IndustrialLoansSelf-StorageTexas

Joint Venture Receives $21M Construction Loan for Self-Storage Redevelopment in Irving

by Taylor Williams

IRVING, TEXAS — A joint venture between LaTerra Development and Platinum Storage has received a $21 million loan for a self-storage redevelopment project in Irving. The site at 2488 Market Place Blvd. formerly supported retail use and is adjacent to an existing Home Depot store and a future H-E-B grocery store. The project will transform the former retail site into a 195,000-square-foot facility. The number of units was not disclosed, but the facility will feature climate-controlled space and RV storage capabilities. An affiliate of New York City-based Andover Properties provided the loan.

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AcquisitionsIndustrialLouisianaSoutheast

TruCore Investments Purchases 81,589 SF Baton Rouge Industrial Facility Leased to FedEx

by John Nelson

BATON ROUGE, LA. — TruCore Investments has acquired an 81,589-square-foot industrial facility located at 10781 Cousey Court in Baton Rouge. Situated on 10.8 acres, the Class B property was fully leased at the time of sale to FedEx, which has occupied the facility since its delivery in 1998. Alex Ruch of Elifin Realty brokered the transaction. The seller was not disclosed.

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