Monday, February 9, 2026
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Industrial

DevelopmentFloridaIndustrialLeasing ActivitySoutheast

All Florida Paper Signs 226,698 SF Industrial Lease in Metro Miami

by John Nelson

HIALEAH, FLA. — All Florida Paper, a Hispanic-owned paper and sanitation products wholesaler, has signed a full-building, 226,698-square-foot industrial lease at Building D in Beacon Logistics Park in the Miami suburb of Hialeah. Jose Juncadella and Sebastian Juncadella of Fairchild Partners represented the landlord, Codina Partners, in the lease deal. Wayne Ramoski and Gian Rodriguez of Cushman & Wakefield represented the tenant. Construction on Building D is scheduled to begin in the fourth quarter, and All Florida Paper is slated to occupy the space by mid-2023. Once completed, Beacon Logistics Park, located at NW 145th Place and NW 107th Ave., will span more than 1.3 million square feet of space.

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DevelopmentIndustrialSoutheastVirginia

Saltbox Opens 45,000 SF Co-Warehousing Facility in Alexandria, Virginia

by John Nelson

ALEXANDRIA, VA. — Saltbox has opened a new 45,000-square-foot “co-warehousing” facility located at 4700 Eisenhower Drive in Alexandria, the company’s sixth location in the United States. Situated near Washington, D.C., the property features 85 flexible warehouse and office suites, as well as conference rooms, loading dock access and a photo studio for entrepreneurs. Atlanta-based Saltbox plans to double its footprint of co-warehousing assets by the end of the year with secondary assets coming to Los Angeles, Atlanta and Dallas. Last month, the company debuted its first fulfillment center in Columbus, Ohio. Saltbox houses 300 tenants across its six locations, 70 percent of which are e-commerce companies.

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AcquisitionsData CentersDevelopmentIndustrialMidwestNorth DakotaTop Stories

Bitzero to Redevelop Cold War-Era Missile Defense Site in North Dakota into Secure Data Center for $500M

by Jeff Shaw

NEKOMA, N.D. — Bitzero Blockchain Inc. has agreed to acquire the Stanley R. Mickelsen Safeguard Complex (SRMSC) in Nekoma, a tiny city of fewer than 50 residents approximately 130 miles south of Winnipeg, Canada. The Cavalier County Job Development Authority (CCJDA) is selling the property to Bitzero, which plans to redevelop the asset into a highly secure data center. The project costs, including the acquisition, are estimated at $500 million. Commonly referred to as “The Pyramid,” the SRMSC is a Cold War-era military installation which was built in 1970 to protect the nearby Grand Forks Air Force Base from potential attack from Soviet missiles. The Pyramid became operational in 1975, featured two different kinds of radar systems and data processing equipment, and controlled 30 anti-ballistic missiles that could be launched in case of attack. The main building features three-foot-thick concrete walls. The missile site was abandoned after just eight months in operation, when Congress voted to deactivate it. The missiles and equipment were removed, but the concrete structures remain on the landscape. The CCJDA has owned the site’s tactical area since 2017, but voted unanimously to accept Bitzero’s bid proposal after a presentation from CEO Akbar Shamji. Bitzero’s bid proposal for the site included a …

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1-Viper-Way-Vista-CA
AcquisitionsCaliforniaIndustrialWestern

RPG, CenterSquare Sell 175,367 SF Industrial Asset in Vista, California for $58M

by Amy Works

VISTA, CALIF. — RPG, in partnership with CenterSquare, has completed the sale of 1 Viper. The recently redeveloped and fully leased Class A industrial property is situated on 11.7 acres at 1 Viper Way in Vista. Santa Monica-based BLT Enterprises acquired the asset for $58 million. Aric Starck and Drew Dodds of Cushman & Wakefield represented the sellers in the deal. Following its acquisition of the property in 2021, RPG speculatively redeveloped and improved the 175,367-square-foot asset, which is situated on a 482,644-square-foot site. The property features 20 dock-high doors, 16 grade-level doors and skylights to increase natural light and energy efficiency. At the time of sale, the property was fully leased to Cymer and Gnarlywood.

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DevelopmentIndianaIndustrialMidwest

Core5 Breaks Ground on 1.2 MSF Spec Industrial Building in Metro Indianapolis

by Kristin Harlow

MOUNT COMFORT, IND. — Core5 Industrial Partners has broken ground on C5 Indianapolis East, a 1.2 million-square-foot speculative industrial building in the Indianapolis suburb of Mount Comfort. The project will be the largest speculative building in the Indianapolis market, according to Core5. Completion is slated for the second quarter of 2023. The development will offer 635 auto parking spaces, 259 trailer spaces, 120 dock doors, two drive-in doors, electric vehicle charging stations, 12,000 square feet of office space and a clear height of 40 feet. The project is situated in Hancock County along I-70. Steve Schwegman and Brian Seitz of JLL will market the project for lease.

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IndustrialLoansMichiganMidwest

BEB Lending Provides $6.9M Loan for Acquisition of Detroit Industrial Property

by Kristin Harlow

DETROIT — BEB Lending has provided a $6.9 million bridge loan for the acquisition of a 365,000-square-foot industrial property in Detroit’s Brightmoor neighborhood. Built in 1931, the property at 12640 Burt Road was renovated in 2012 and is located within 20 miles of both the Detroit City Airport and the Detroit Metropolitan Airport. The Class B, multi-tenant building is 89 percent leased. The loan features a two-year term and marks BEB’s first financing transaction in Michigan. The borrower was 1029 SFG Equities LLC.

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IllinoisIndustrialLeasing ActivityMidwest

Bar-S Signs 47,539 SF Industrial Lease in Woodridge, Illinois

by Kristin Harlow

WOODRIDGE, ILL. — Bar-S, a Sigma brand, has signed a 47,539-square-foot industrial lease at 2141 Internationale Parkway in the Chicago suburb of Woodridge. The location will serve as the company’s Midwest distribution center. The lease begins Oct. 1. Prologis owns the 130,000-square-foot property, which features six exterior docks, two drive-in doors and a clear height of 30 feet. Bar-S, a producer of bacon, sausages, hot dogs and lunchmeat, plans to install a 15,000-square-foot cooler at the property. Bar-S is currently subleasing space in Chicago. Jay Cook of Cresa represented the tenant in the lease for the Woodridge location.

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AcquisitionsIndustrialMassachusettsNortheast

Cardinal Industrial Buys 128,500 SF Industrial Building in Agawam, Massachusetts

by Taylor Williams

AGAWAM, MASS. — San Diego-based Cardinal Industrial has purchased a 128,500-square-foot industrial building in Agawam, located outside of Springfield. Nicholas Morizio of Colliers represented Cardinal Industrial in the transaction. The representative of the seller, The Grossman Cos., was not disclosed. At the time of sale, the building was fully leased to TW Metals and OMG Inc.

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Port-45-Wilmer
DevelopmentIndustrialTexas

Griffin Partners Breaks Ground on 567,516 SF Port 45 Industrial Development in Metro Dallas

by Taylor Williams

WILMER, TEXAS — Griffin Partners, a Houston-based private equity real estate firm, has broken ground on Port 45, a 567,516-square-foot industrial development in the southern Dallas suburb of Wilmer. Port 45 will comprise two rear-load buildings that will sit on a 40-acre site along Interstate 45. Buildings will feature 32- to 36-foot clear heights, 130- to 135-foot truck court depths, roughly 350 tenant parking spaces and 192 trailer parking spaces. Project partners include Pacheco Koch Civil Engineering, design firm Alliance Architecture, general contractor Harvey Builders and leasing agent JLL. A tentative completion date was not disclosed.

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DevelopmentIndustrialLoansNew JerseyNortheast

Wells Fargo Provides $227M in Construction Financing for New Jersey Industrial Projects

by Taylor Williams

LINDEN AND LOGAN TOWNSHIP, N.J. — Wells Fargo has provided $227 million in construction financing for two New Jersey industrial projects. In the first deal, the San Francisco-based bank provided a $142 million loan for Phase III of Linden Logistics Center, a development in the northern part of the Garden State. Phase III will consist of two buildings totaling 849,235 square feet that are scheduled for a second-quarter 2023 completion. In the second transaction, Wells Fargo provided $85 million for the third phase of Logan North Industrial Park, a project that spans 3.2 million square feet and is located in Southern New Jersey. The two buildings comprising Phase III of Logan North Industrial Park will measure 274,200 and 475,000 square feet and are also slated for delivery in the second quarter of next year. Existing tenants at Logan North include SEKO Logistics and LaserShip Logistics. John Alascio, T.J. Sullivan and Chuck Kohaut of Cushman & Wakefield arranged the financing on behalf of the borrower and developer, a partnership between Advance Realty Investors and Greek Development.

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