Monday, February 9, 2026
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Industrial

IndustrialLoansMidwestMinnesota

Northmarq Arranges $15.1M Acquisition Loan for Industrial Portfolio in Suburban Minneapolis

by Kristin Harlow

EAGAN AND EDEN PRAIRIE, MINN. — Northmarq has arranged a $15.1 million loan for the acquisition of the South by Southwest Technology Portfolio in suburban Minneapolis. The five-building industrial portfolio is located in the Golden Triangle district of both Eden Prairie and Eagan. Four of the buildings are located in Eden Prairie and were constructed in 1985. The asset in Eagan was built in 1989. Bill Mork of Northmarq arranged the loan on behalf of the buyer, Edina-based Capital Partners. A local bank provided the loan, which features a fixed interest rate of 3.9 percent.

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1620-14th-St-1621-Euclid-St-Santa-Monica-CA
AcquisitionsCaliforniaIndustrialSelf-StorageWestern

Matthews Brokers Sale of 1,070-Unit Self-Storage Facility in Santa Monica

by Amy Works

SANTA MONICA, CALIF. — Matthews Real Estate Investment Services has arranged the sale of a self-storage facility located at 1620 14th St. and 1621 Euclid St. in Santa Monica. Invesco Real Estate acquired the asset. The seller and price were not released. The 56,490-square-foot facility features 1,070 units. The two-parcel facility sits on 1.3 acres at the intersections of Colorado Avenue and 14th Street. Bill Pedersen, Shane Avera and Maxx Bauman of Matthews represented the seller in the transaction.

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Freehold-Business-Park
AcquisitionsIndustrialNew JerseyNortheast

CBRE Negotiates $15.2M Sale of Six Industrial Buildings, Vacant Parcel in Freehold, New Jersey

by Taylor Williams

FREEHOLD, N.J. — CBRE has negotiated the $15.2 million sale of six industrial buildings totaling 90,677 square feet within Freehold Business Park in Central New Jersey. The sale included an additional acre that can support 13,750 square feet of new development. The park was built on 14.2 acres in 2007 and renovated in 2021. Charles Berger, Elli Klapper, Mark Silverman, Jeremy Wernick, Lou Belfer and Scott Belfer of CBRE represented the seller, Asbury Avenue Partners LLC, in the transaction. The buyer was an entity doing business as MT Freehold BPD LLC.

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AcquisitionsIndustrialTexas

Westcore Acquires Eisenhauer Business Park in San Antonio for $36.6M

by Taylor Williams

SAN ANTONIO — San Diego-based investment firm Westcore has acquired Eisenhauer Business Park, a 377,318-square-foot industrial development in San Antonio, for $36.6 million. The newly built, four-building property was 95 percent leased at the time of sale. Building features include dock-high and grade-level loading doors and clear heights ranging from 28 to 32 feet. Michael Kent of Stream Realty Partners represented the seller, NIT Industrial, in the transaction. Westcore was self-represented.

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DevelopmentIndustrialSouth CarolinaSoutheast

SunCap Breaks Ground on 1 MSF Spec Industrial Facility in Greenville

by John Nelson

GREENVILLE, S.C. — Charlotte-based SunCap Property Group has broken ground on a 1 million-square-foot spec industrial facility within Greenville Enterprise Park, a 140-acre industrial park on the south side of Greenville. SunCap purchased the land in partnership with the real estate arm of Goldman Sachs Asset Management. Located at 7755 Augusta Road near I-185, the speculative facility is expandable up to 1.5 million square feet, depending on end user requirements. The property will feature 40-foot clear heights and cross-dock orientation, as well as ample onsite employee and trailer parking. Garrett Scott, John Montgomery, Brockton Hall and Dillon Swayngim of Colliers are the leasing agents for the property. The project is SunCap’s eighth in Upstate South Carolina and the largest speculative building in Greenville County, according to Colliers.

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DevelopmentIndustrialLeasing ActivityNorth CarolinaSoutheast

Apparel Manufacturer AS Colour Signs 240,000 SF Industrial Lease in Southwest Charlotte

by John Nelson

CHARLOTTE, N.C. — AS Colour, a New Zealand-based apparel designer and manufacturer, has signed a 240,000-square-foot lease at 11109 Quality Drive in southwest Charlotte. The new facility will be the largest among AS Colour’s existing network of distribution centers in New Zealand, Australia, the UK and California, and will serve as the firm’s base of operations on the East Coast. Chris Skibinski, Henry Lobb and Colin Ferguson of Avison Young represented the landlord, Charland Partners, in the lease negotiations. Tom Tropeano, also with Avison Young, represented AS Colour.

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DevelopmentGeorgiaIndustrialSoutheast

Robison Weeks Begins Construction on 169,520 SF Industrial Facility at Gillem Logistics Center in Metro Atlanta

by John Nelson

FOREST PARK, GA. — Robinson Weeks Partners has begun construction on Gillem 700, a 169,520-square-foot speculative industrial facility situated within Gillem Logistics Center in the south Atlanta suburb of Forest Park. Gillem 700 is Robinson Weeks’ ninth project underway at Gillem Logistics Center, a 1,168-acre industrial campus home to blue chip companies including Kroger, HD Supply, Cummins Inc. and Kuehne & Nagel. The new property will feature spec office space, 40 dock high loading doors, two drive-in doors, 34 trailer spaces and 175 auto spaces. The property is situated near I-675 and I-285. Cushman & Wakefield’s Pat Murphy, Ray Stache, Ryan Bellows and Andrew Thurman are managing leasing for Gillem 700. Robison Weeks plans to deliver the asset in March 2023.

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23-30-Borden-Ave.-Queens
IndustrialLoansNew YorkNortheast

Innovo Property Group Receives $435M Loan for Refinancing of Queens Industrial Facility

by Taylor Williams

NEW YORK CITY — New York City-based development and investment firm Innovo Property Group (IPG) has received a $435 million loan for the refinancing of a 900,000-square-foot industrial project in the Long Island City area of Queens. IPG acquired the site, which previously housed the warehouse of online grocer FreshDirect, in January 2019 with Atalaya Capital Management and Nan Fung Group for $75 million. Since then, the development has demolished the existing structures on the site and is targeting a 2024 completion for the new facility, which will feature elevated truck courts and a vertical parking structure. Starwood Property Trust and J.P Morgan provided the loan, and the former originally provided the $155 million in construction financing in early 2021. Eastdil Secured arranged the financing.

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Company NewsIndustrialLoansMultifamilyWestern

JB Capital, Taylor Street Partner on Commercial Real Estate Lending Fund

by Amy Works

BELLEVUE, WASH. — JB Capital has partnered with Taylor Street for its Real Estate Lending Income Fund. The fund provides capital to professional owners, operators and developers of multifamily and industrial real estate assets in key markets across the United States. Under the partnership, JB Capital will leverage Taylor Street’s national real estate expertise, further allowing Taylor Street to serve its clients across to institutional alternative asset management. While the equity gap required to invest continues to increase, professionals are looking outside traditional sources of capital with equity and mezzanine structured solutions. The fund’s purpose is to continue JB Capital’s commitment to providing its investors with a high-yield debt investment that delivers consistent monthly income while minimizing the risk of loss of principal and maintaining near-term liquidity.

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IndustrialMarket ReportsSoutheastSoutheast Market ReportsTennessee

Memphis Industrial Market Boom Continues After Record Year of Leasing, Sales

by John Nelson

2021 was a banner year for the Memphis industrial market by virtually every measure. Leasing exceeded 32 million square feet, easily doubling the average of 12.8 million square feet per year; annual net absorption reached 12.7 million square feet, the highest ever recorded; 14.6 million square feet of inventory delivered to the market; rental rates reached historic highs; and investment volume topped $2.2 billion. The potent demand that carried the market to such record-setting extremes continued into the beginning of 2022, with leasing activity in the first quarter approaching 6 million square feet and net absorption surpassing 3.3 million square feet. Sustaining the steady upward trend the Memphis market has followed since the beginning of 2019, the direct vacancy rate rose 50 basis points from last year to 6.8 percent, but this increase is largely due to the profusion of spec product rather than any significant moves out of the market. In typical fashion, the bulk of leasing activity occurred in the Southeast, DeSoto County and Marshall/Fayette County submarkets, comprising more than 75 percent of the quarter’s total volume. But even the Northwest submarket has seen more action recently with the delivery of Amazon’s 181,500-square-foot last-mile facility in the Raleigh …

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