Industrial

Dalfen-Lumberton-New-Jersey

LUMBERTON, N.J. — Dallas-based investment firm Dalfen Industrial has acquired a 219,123-square-foot industrial building in Lumberton, located outside of Philadelphia in Southern New Jersey. The building is located along State Route 38 and is demise-able for single or multi-tenant occupancy. Building features include a clear height of 40 feet and 35 fully dressed loading positions, and Dalfen is in the process of adding 2,500 square feet of office space to the facility. The seller and sales price were not disclosed.

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WASHINGTON, D.C. — JLL’s Capital Markets group has arranged more than $1.2 billion over the course of 2024 to fund the construction of four data center campuses in Northern Virginia. Jamie Leachman and Drake Greer of JLL worked on behalf of the borrower, The BlackChamber Group, to arrange the funds. The direct lenders and the locations of the four campuses were not disclosed, but JLL mentioned the capital sources included bank balance sheet financing and private credit vehicles backed by insurance company funds. BlackChamber expects the new facilities to yield more than 740 megawatts of power capacity upon completion. The construction timeline for the new projects was also not released. Including these new facilities, BlackChamber’s Northern Virginia data center portfolio will comprise eight campuses offering nearly 1.5 gigawatts of power capacity across 6 million square feet of data center space.

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1326-W-Fairmont-Dr-Tempe-AZ

TEMPE, ARIZ. — DAUM Commercial Real Estate Services has arranged the purchase of a manufacturing and distribution industrial building in Tempe. A private investor acquired the asset, located at 1326 W. Fairmont Drive, for $7.3 million from an undisclosed seller. The 39,813-square-foot property features seven dock doors and heavy power to accommodate both manufacturing and distribution uses. Parker Houston, Chris Rogers and Trevor McKendry of DAUM handled the transaction.

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Xebec-Rockdale

ROCKDALE, TEXAS — Industrial development firm Xebec has announced plans for Sandow Lakes, the mixed-use redevelopment of a 33,000-acre industrial park formerly occupied by aluminum manufacturer Alcoa in Rockdale, roughly 25 miles outside of Austin.  Built in the early 1950s, the property — which spans 50 square miles — was home to the largest aluminum foundry in the world for decades until it closed its doors in 2008, according to reports from D Magazine.  Phase I of the redevelopment, dubbed the Advanced Manufacturing Logistix Campus at Sandow Lakes, will ultimately comprise 35 million square feet of industrial space, including build-to-suit space with flexible clear heights and bay spacing.  Development of the first phase of the project began last fall with first move-ins slated to begin in the third quarter of 2026. Xebec will target distribution and manufacturing tenants, including cold storage users, in this initial phase.  Further plans for the development include the addition of residential, retail, office and hospitality space connected by a series of lakes. A timeline for the development in full was not announced. The property is located in the Texas Triangle, a region of the state that includes its five largest cities — Austin, Houston, Dallas, Fort …

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I-10-I-410-Distribution-Center-San-Antonio

SAN ANTONIO — Denver-based developer Huntington Industrial Partners has broken ground on a 309,086-square-foot speculative project in San Antonio. Known as I-10/I-410 Distribution Center, the two-building development will feature 32-foot clear heights, 180-foot truck court depths, 69 dock doors, four drive-in ramps, an ESFR sprinkler system and parking for 75 trailers and 228 cars. Cushman & Wakefield is the leasing agent. Completion is slated for September.

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CEDAR PARK, TEXAS — Holt Lunsford Commercial Investments (HLCI) will develop a 281,040-square-foot industrial project in Cedar Park, a northwestern suburb of Austin. The site spans 22 acres along State Highway 183A, and the development will consist of three rear-load buildings that will total 138,600, 97,200 and 45,240 square feet. Construction is expected to begin before the end of the year and to last about a year.

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SELMA, TEXAS — Omega Air, a provider of air-to-air refueling services that serves various branches of the U.S. military, has signed a 147,420-square-foot industrial lease in Selma, a northeastern suburb of San Antonio. The space is located within Corporate Drive Industrial Complex, a newly constructed development that consists of two buildings totaling 511,000 square feet. John Colglazier, Kyle Kennan and Lindsey Tucker of Partners Real Estate represented the landlord, Atlanta-based developer Ackerman & Co., in the lease negotiations. Hank Pruitt of Pruitt Realty represented Omega Air.

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FARMERS BRANCH, TEXAS — Lee & Associates has negotiated a 91,520-square-foot industrial lease in the northern Dallas metro of Farmers Branch. According to LoopNet Inc., the building at 12301 Stemmons Freeway was built in 2015 and totals 360,360 square feet. Ally Tanghongs and George Tanghongs of Lee & Associates represented the tenant, E-Future Logistics Inc., in the lease negotiations. Steve Berger of CBRE represented the landlord, Prologis.

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Keystone-Loan-Industrial-CA

LOS ANGELES — Keystone Mortgage Corp. has arranged $73.1 million in fixed-rate permanent loans to refinance a portfolio of industrial properties totaling 1.1 million square feet in Southern California. Situated on a combined 52.9 acres, the portfolio features nine concrete tilt-up buildings. Nick Viscount of Keystone’s Orange County, Calif., production office secured the financing on behalf of the borrower, a private real estate investor. Keystone arranged the loans through a life insurance company lender, which provided the nonrecourse loans, each featuring a 10-year fixed-rate and full-term interest-only payments.

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ST. LOUIS — Procter & Gamble (P&G) has expanded operations in St. Louis, investing $180 million and creating 100 new jobs. P&G’s St. Louis facility has been in operation for nearly a century and produces brands including Cascade, Mr. Clean and Febreze. The company’s expansion includes the addition of new equipment and a new warehouse at its existing St. Louis riverfront location, the conversion of an existing warehouse to a manufacturing facility and the construction of a new office building. MilliporeSigma has unveiled plans to invest $76 million and create 170 new jobs in St. Louis. This investment will triple the company’s manufacturing capacity for antibody drug conjugates for cancer treatment at the Bioconjugation Center of Excellence.

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