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Industrial

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AcquisitionsIndustrialSelf-StorageUtahWestern

Marcus & Millichap Negotiates Sale of 63,630 SF Pink Door Storage & RV Facility in Magna, Utah

by Amy Works

MAGNA, UTAH — The LeClaire-Schlosser Group of Marcus & Millchap has directed the sale of Pink Door Storage & RV, a 63,630-square-foot storage facility in Magna. A local development partnership sold the asset to Zoke Group for an undisclosed price. Jordan Farrer and Adam Schlosser of Marcus & Millichap represented the seller. Constructed in 2002, Pink Door Storage & RV features 445 self-storage units spread across seven single-story buildings with 220 drive-up units. Property amenities include a gate entry with a digital keypad, an onsite management office in front of the entrance gate, 24/7 surveillance, asphalt driveways, units with roll-up doors and covered RV and boat parking.

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Westpoint-45-Houston
IndustrialLeasing ActivityTexas

Panelmatic Electrical Solutions Signs 728,080 SF Industrial Lease in North Houston

by Taylor Williams

HOUSTON — Panelmatic Electrical Solutions has signed a 10-year, 728,080-square-foot industrial lease in North Houston. The manufacturer of switchgear systems will occupy the entirety of Westpoint 45, a newly developed, cross-dock facility that sits on a 42-acre site near the intersection of I-45 and Beltway 8. Building features include 40-foot clear heights, speculative office space and 180 trailer parking stalls. Richard Quarles, Mark Nicholas, Joseph Berwick and Eliza Klein of JLL represented the landlord, a partnership between locally based developer Vigavi and Principal Asset Management, in the lease negotiations. Wes Williams of Colliers represented Panelmatic.

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IndustrialLeasing ActivityTexas

LanCarte Commercial Negotiates 31,780 SF Industrial Lease in Southwest Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated a 31,780-square-foot industrial lease in southwest Fort Worth. The building at 14485 U.S. Highway 377 includes 2,415 square feet of office space. Sarah LanCarte and Finn Wilson of LanCarte Commercial represented the undisclosed landlord in the lease negotiations. Jon McDaniel of NAI Robert Lynn represented the tenant, the Tarrant County Emergency Services District.

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9107 and 9115 Yellow Brick Road
DevelopmentIndustrialMarylandSoutheast

Knott Realty Group Completes Two Baltimore County Industrial Buildings Totaling 276,000 SF

by Abby Cox

ROSEDALE, MD. — Knott Realty Group has completed two industrial buildings located at 9107 and 9115 Yellow Brick Road within Rossville Industrial Park in Baltimore County. 9107 Yellow Brick Road totals 150,492 square feet and offers 46 dock doors, two drive-in doors and 226 parking spaces, while 9115 Yellow Brick Road comprises 125,791 square feet with 38 dock doors, two drive-in doors and 160 parking spaces. Rossville Industrial Park now spans approximately 1 million square feet across nine buildings. The new facilities feature tilt-up construction, 32-foot height ceilings, ESFR sprinklers, high-bay LED lighting and a seven-inch reinforced concrete slab, as well as energy-efficient roofs and HVAC systems. An outside storage lot is also available to support up to 29 trailer drops. Additionally, Knott Realty Group will incorporate solar panels on the rooftops of both buildings and apply for LEED certification. The project team included Baltimore Land Design Group, Geo-Technology Associates, Glen Arm Building Co., Lorax Partnerships, Morris & Ritchie Associates, Venable and Ware Malcomb, with support from Providence Engineering and Paragon Engineering.

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DevelopmentIndustrialMichiganMidwestSelf-Storage

Inland, Devon Complete 85,330 SF Self-Storage Redevelopment in Metro Detroit

by Kristin Harlow

FRASER, MICH. — Inland Real Estate Investment Corp. and Devon Self Storage, a member of The Inland Real Estate Group of Cos. Inc., have completed an 85,330-square-foot self-storage redevelopment project in Fraser, a northern suburb of Detroit. The property at 31475 Utica Road was formerly a light industrial facility built in 1975. The asset now consists of a two-story, climate-controlled building, along with exterior non-climate-controlled buildings, offering a total of approximately 750 storage units, a 24-hour security system and a drive-in area providing access to the main interior storage area.

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Passaic-Logistics-Center
IndustrialLoansNew JerseyNortheast

Joint Venture Receives $65.4M in Bridge Financing for Northern New Jersey Industrial Property

by Taylor Williams

PASSAIC, N.J. — A joint venture between Los Angeles-based PCCP LLC and Atlanta-based Stonemont Financial Group has received $65.4 million in bridge financing for a 295,506-square-foot industrial property in Northern New Jersey. Built on a 17.7-acre site at 122 Eighth St. in 2024, Passaic Logistics Center features a clear height of 40 feet, 40 dock-high doors, 130-foot truck court depths and parking for 55 trailers and 167 cars. In addition, the building can accommodate a single or multiple users. JLL arranged the financing through TPG Real Estate Credit on behalf of the joint venture. Specific loan terms were not disclosed.

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916 Commerce Circle
AcquisitionsIndustrialSouth CarolinaSoutheast

Port Commercial, Cedar Square Acquire 80,000 SF Industrial Property in Hanahan, South Carolina

by Abby Cox

HANAHAN, S.C. — Charlotte-based real estate investment firms Port Commercial and Cedar Square have acquired 916 Commerce Circle, an 80,000-square-foot industrial facility in Hanahan, approximately eight miles outside North Charleston. Lee Allen, Kevin Coats and Tyler Smith of JLL will lead leasing efforts on behalf of the new ownership. The seller and sales price were not disclosed. The rail-served property spans 4.1 acres and features a fully air-conditioned industrial building with 1,600 square feet of office space, eight dock positions with levelers, three 14-foot drive-in doors, epoxy flooring, LED lighting and outdoor storage capabilities. 916 Commerce Circle also provides access to the Wando Welch, Hugh K. Leatherman and North Charleston port terminals in greater Charleston. Port Commercial and Cedar Square plan to launch a capital improvement program for the property that includes refreshed office interiors, new exterior painting, dock upgrades and parking lot resealing.

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38491-Fremont-Blvd-Fremont-CA
AcquisitionsCaliforniaIndustrialSelf-StorageWestern

Levin Johnston Brokers Sale of 568-Unit Extra Space Storage Facility in Fremont, California

by Amy Works

FREMONT, CALIF. — The Levin Johnston team of Marcus & Millichap has arranged the sale of an Extra Space Storage property totaling 49,922 square feet in Fremont. A private real estate investor sold the self-storage facility to an institutional self-storage developer, operator and manager for $18.8 million. Located at 38491 Fremont Blvd., Extra Space Storage offers 568 units, most with drive-up access, controlled access gated entry and 24-hour closed circuit surveillance. The Levin Johnston team represented the seller and procured the buyer in the deal.

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Warehouse image. Industrial photo by CHUTTERSNAP on Unsplash.
AcquisitionsContent PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesMidwestMixed-UseMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Lee & Associates’ Report: Q3 Results Shaped by Market Uncertainty, Questions of Legality, Tariffs, AI Considerations

by Sarah Daniels

Lee & Associates’ 2025 Q3 North America Market Report examines a commercial real estate landscape experiencing some pauses as the effects of exogenous forces work their way through the market. Economic and legal questions, the second- and third-order effects of tariffs, persistently high costs, unemployment concerns and the new realities of artificial intelligence (AI) have combined to produce mixed results across all property types. Demand for office and retail has increased (and their respective pipelines remain constrained). Of the four property types covered in the report — industrial, office, retail and multifamily — only retail saw transaction momentum in the previous quarter. Meanwhile, the overbuilt industrial and multifamily sectors have witnessed weakening or negative demand in the third quarter. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below reveal a market that seems to be holding its breath, awaiting new information. Industrial Overview: Markets Await Tariff Clarity Net absorption of industrial space increased in the third quarter across North America, but demand was weak and failed again to keep pace with the supply of new buildings, while tenant growth remained hobbled by tariff concerns and interest rates. In the United States, following 8.1 million square feet …

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AcquisitionsIndustrialTexas

LanCarte Commercial Negotiates Sale of 136,400 SF Warehouse in Rhome, Texas

by Taylor Williams

RHOME, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated the sale of a 136,400-square-foot warehouse in Rhome, located north of Fort Worth. According to LoopNet Inc., the building at 240 Tiger Drive was completed in 2023 and features 36- to 46-foot clear heights, 18 dock-high doors, 10 grade-level doors and 5,100 square feet of office space. Mark Boone and Sarah LanCarte of LanCarte Commercial represented the seller in the transaction. Forrest Cook and Ryan Vaughn of Stream Realty Partners represented the buyer. Both parties requested anonymity.

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