Friday, November 28, 2025
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Industrial

DevelopmentIllinoisIndustrialLeasing ActivityMidwest

Seefried Preleases 190,606 SF Spec Distribution Facility in Mount Prospect, Illinois

by Kristin Harlow

MOUNT PROSPECT, ILL. — Seefried Industrial Properties has preleased O’Hare Logistics Center 16, a 190,606-square-foot speculative distribution facility located at 1305 E. Algonquin Road in Mount Prospect. Accelerated Global Solutions, an air cargo and freight forwarding services company, is expanding its operations into the new property upon completion. Situated on a 13-acre site, O’Hare Logistics Center 16 is located six miles north of the Chicago O’Hare International Airport and features immediate access to I-90 and I-294. Jonathan Kohn and John D’Orazio of Colliers represented the tenant, while Jason Lev, John Suerth and Jimmy Kowalczyk of CBRE represented Seefried. FCL Builders is the general contractor, Kimley-Horn is the civil engineer and Harris Architects is the architect of record.

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AcquisitionsIllinoisIndustrialMidwest

Venture One Purchases 145,500 SF Industrial Building in Chicago

by Kristin Harlow

CHICAGO — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has purchased a 145,500-square-foot industrial building located at 11264 Corliss Ave. in Chicago. The single-tenant property was fully leased at the time of sale. Situated in the Pullman Industrial Park, the facility offers direct access to I-94 via 111th Street. Constructed in 1977, the asset features a clear height of 22 feet, 10 docks, two drive-in doors and parking for more than 129 cars. Mike Wilson, Erik Foster and Brian Colson of Avison Young represented the undisclosed seller. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 307-Unit Self-Storage Facility in Conroe, Texas

by Taylor Williams

CONROE, TEXAS — Marcus & Millichap has brokered the sale of Cool Spaces Storage, a 307-unit self-storage facility located about 40 miles north of Houston in Conroe. The property consists of eight single-story buildings on a 12-acre site that were constructed in 2021. Of the facility’s 71,520 net rentable square feet (NRSF) of space, there is 33,600 NRSF of climate-controlled space, 2,500 NRSF of non-climate-controlled space and 35,420 NRSF of RV and boat storage space. Dave Knobler, Mixson Staffel and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based developer, in the transaction. The buyer was also not disclosed.

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Munters Build-to-Suit Phase II
DevelopmentIndustrialSoutheastVirginia

Graham & Co. Breaks Ground on 200,000 SF Build-to-Suit Industrial Facility in Roanoke, Virginia

by Abby Cox

ROANOKE, VA. — Alabama-based Graham & Co. has broken ground on a 200,000-square-foot industrial facility in Roanoke for Munters, a Swedish global climate solutions provider. Graham & Co. is serving as the developer for the build-to-suit project, while ARCO Design/Build will serve as general contractor. Additionally, Graham Capital will provide equity and source financing for the project. The development — dubbed Munters Build-to-Suit Phase II — will act as the sister building to Munters’ existing 365,000-square-foot facility, which was completed in 2020. Munters has signed a long-term lease for the new facility, which will be expandable up to 278,000 square feet.

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DevelopmentIndustrialMidwestMissouri

McCarthy Breaks Ground on 740,520 SF Equipment Operations Hub in Metro St. Louis

by Kristin Harlow

MARYLAND HEIGHTS, MO. — McCarthy Building Cos. Inc. has broken ground on a 17-acre equipment and warehouse distribution facility in the St. Louis suburb of Maryland Heights. The McCarthy Equipment Operations Hub will span nearly 740,520 square feet and is designed to support the general contractor’s self-perform capabilities. Located in the new 141 Logistics Center, the project will include a 9.5-acre equipment yard and a 66,400-square-foot building that will include a 32,000-square-foot warehouse, 10,000-square-foot equipment maintenance shop and two-story, 24,400-square-foot office space. Completion is scheduled for 2026. The facility is also designed to support workforce development and training. St. Louis-based McCarthy says it has outgrown its current leased property in Ladue, Mo., which has been in use since the mid-1960s.

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AcquisitionsIndustrialMidwestWisconsin

Cushman & Wakefield Brokers Sale of 702,371 SF Manufacturing Facility in Eau Claire, Wisconsin

by Kristin Harlow

EAU CLAIRE, WIS. — Cushman & Wakefield has brokered the sale of a 702,371-square-foot manufacturing facility in Eau Claire, a city in western Wisconsin. Jordan Dick, Todd Hanson and Jason Sell of Cushman & Wakefield represented the seller, Hutchinson Technology, which previously operated the property for its production of disk drive products. TTM Technologies was the buyer. The facility at 2435 Alpine Road features infrastructure that positions it to support advanced technology printed circuit board manufacturing.

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LifeScience Logistics LLC
AcquisitionsIndustrialLeasing ActivityNorth CarolinaSoutheast

JLL Brokers Sale of 250,541 SF Industrial Facility in Durham Leased to LifeScience Logistics

by Abby Cox

DURHAM, N.C. — JLL Capital Markets has brokered the sale of LifeScience Logistics at Durham 85, a 250,541-square-foot industrial facility situated at 2360 Ferrell Road within Durham 85 Industrial Park. The facility, which is located 10 miles from Research Triangle Park, is fully leased by LifeScience Logistics LLC, a supply chain service provider in the healthcare and pharmaceutical industries. The facility features 32-foot clear heights, ESFR fire suppression and energy-efficient LED lighting throughout the property. Dave Andrews, Pete Pittroff, Michael Scarnato and Mike Lewis of JLL represented the seller, a joint venture between Scannell Properties and Manulife Investment Management, in the transaction. Mississippi-based EastGroup Properties purchased the facility for an undisclosed price.

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Festival South Aerial
AcquisitionsDevelopmentFloridaIndustrialSoutheast

Foundry, Crow Holdings Acquire 10-Acre Site in Pompano Beach, Plan 182,000 SF Industrial Campus

by Abby Cox

POMPANO BEACH, FLA. — A partnership between Foundry Commercial’s Development & Investments platform and Crow Holdings Capital has acquired Festival South, a 10-acre former parking lot site located in Pompano Beach. The site will be redeveloped into a two-building industrial campus that totals 182,000 square feet. The new campus, which will be situated at the corner of NW 33rd Street and NW 27th Avenue near Fort Lauderdale-Hollywood International Airport, marks Foundry’s 21st development in the South Florida market. Further details about Festival South were not released.

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IndustrialLeasing ActivityNortheastPennsylvania

Filter King Opens 61,600 SF Manufacturing, Distribution Facility in Bethlehem, Pennsylvania

by Taylor Williams

BETHLEHEM, PA. — Filter King LLC, a provider of customized HVAC parts, has opened a 61,600-square-foot manufacturing and distribution facility in the Lehigh Valley city of Bethlehem. Regional developer J.G. Petrucci Co. owns the building, and The Lehigh Valley Economic Development Corp. assisted Filter King in its site selection process. Filter King, which now has an operational footprint of 200,000 square feet across three states, says the opening of the Bethlehem facility could result in the creation of as many as 120 new jobs.

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AcquisitionsIndustrialTexas

Alterra Acquires Industrial Outdoor Storage Facility in Northeast Houston

by Taylor Williams

HOUSTON — Philadelphia-based investment firm Alterra IOS has acquired an industrial outdoor storage facility in northeast Houston. The 2.9-acre facility at 7470 Miller Road 2 features 20,980 square feet of warehouse space and was originally built in 2002, according to LoopNet Inc. Jack Zalta of KSR NY brokered the deal. The seller and sales price were not disclosed.

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