HAMILTON, N.J. — Newmark has arranged a 150,000-square-foot industrial lease in the Central New Jersey community of Hamilton. According to LoopNet Inc., the newly constructed building at 40 Enterprise Ave. features a clear height of 40 feet, two drive-in bays, 46 exterior dock doors and 141 car parking spaces. Kyle Eaton, Robert Loderstedt, Michael Schipper and Haylee McCabe of Newmark represented the tenant, CEVA Logistics, in the lease negotiations. The name and representative of the landlord were not disclosed.
LONG BEACH, CALIF. — Goodman North America has completed Building One at Goodman Commerce Center Long Beach, a 24-acre logistics project in Long Beach. Building One is located at 2401 E. Wardlow Road. The 504,810-square-foot Building One features 40-foot internal height clearance to maximize vertical storage capacity, 240-foot truck court depth, 61 dock doors, two grade-level doors, a secured yard and a 4,000 amp main switchboard. The building also offers flexible potential office space design and a 10,000-square-foot mezzanine with an optional 11 acres of adjacent land available for ancillary uses.
SAN DIEGO — Irvine, Calif.-based Bendetti has purchased an industrial building located at 9605 Airway Road in San Diego’s Otay Mesa submarket. Terms of the transaction were not released. Built in 2000 on 3.9 acres, the multi-tenant distribution building features 72,158 square feet of space. At the time of sale, the property was 50 percent leased to a diversified tenant mix. The property recently underwent an exterior renovation with new paint and landscaping and features functional divisibilities with multiple bay sizes, new interior office improvements, 24- to 26-foot clear heights, ample grade- and dock-high loading and concrete truck courts. Bryce Aberg, Louay Alsadek, Maddie Mawby, Charlie Jacobs and Ryan Demarest of Cushman & Wakefield represented the seller in the transaction. Regan Tully, Erik Parker, Brant Aberg and Trent Smith of Cushman & Wakefield also provided local market advisory services.
CALEDONIA, WIS. — Zilber Property Group (ZPG) has unveiled plans to develop a new speculative industrial facility totaling 142,000 square feet at Caledonia Corporate Park in the southern Milwaukee suburb of Caledonia. Named Zilber Industrial 2 at Caledonia Corporate Park, the facility will feature a clear height of 32 feet, high-bay LED warehouse lighting, an ESFR sprinkler system, onsite trailer parking and options for expandable truck loading and vehicle parking. Construction is expected to begin this summer, with occupancy slated for this winter. The building marks the third within ZPG’s 93-acre Caledonia Corporate Park. Site preparation and infrastructure work began at the park in August 2022. ZPG completed Zilber Industrial 1 in spring 2023. The 233,250-square-foot building is fully leased. In early 2025, ZPG completed a 311,000-square-foot build-to-suit for Saputo Cheese USA Inc. The park includes 54 acres of remaining developable land, with capacity for up to four additional buildings totaling approximately 860,000 square feet.
MCCOOK, ILL. — Core Industrial Realty has negotiated a long-term lease for 36,440 square feet at 8401 W. 47th St. in McCook. Ryan Mullins and Frank Damato IV of Core Industrial represented the tenant, Kangde Xin America LLC, in its relocation and expansion effort. Vernon Schultz of Colliers represented the undisclosed landlord.
CHARLOTTE, N.C. — Stretching from Alabama to Atlanta, through the Carolinas and into Virginia, the I-85 corridor has long been a backbone of industrial growth in the Southeastern United States. Once celebrated as a magnet for logistic hubs, manufacturing plants and warehouse developments, this valuable category of real estate is now showing signs of strain. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. During the COVID-19 pandemic, industrial real estate, especially warehouses and distribution centers, saw a dramatic surge in demand due to a rise in e-commerce, inventory stockpiling due to supply chain issues and lower interest rates. Fast forward five years later, the industrial market is now experiencing a slowdown due to new pressures that are reversing or slowing down many of those trends. “People are concerned about making a decision today without knowing what’s going to happen tomorrow,” said John Coleman, senior vice president of Graham &. Co. Coleman specializes in representing both tenants and landlords across the Birmingham and Montgomery industrial markets in Alabama. Coleman’s comments came while on stage during the closing panel at InterFace …
RICHMOND COUNTY, N.C. — Amazon (NASDAQ: AMZN) has announced plans to develop a new, $10 billion cloud computing and artificial intelligence (AI) innovation campus in Richmond County, roughly 80 miles east of Charlotte. According to the Seattle-based company, this marks one of the largest capital investment announcements in the history of the state. Upon completion, the campus will house data centers with computer servers, data storage drives, networking equipment and other technology infrastructure used for cloud computing capabilities and generative AI. The project will be situated at one of the Economic Development Partnership of North Carolina’s Selectsite Readiness Program sites, which are designed to accommodate industries like AI and advanced manufacturing. Specific details about the site and construction timelines were not released. Amazon reports that the investment will create at least 500 new jobs, adding to the more than 192,000 tech professionals already in the state, as well as thousands of jobs in the Amazon Web Services (AWS) data center supply chain. “Amazon’s $10 billion investment in North Carolina underscores our commitment to driving innovation and advancing the future of cloud computing and AI technologies,” says David Zapolsky, chief global affairs and legal officer with Amazon. “This investment will position North Carolina …
HOUSTON — Provident Industrial, in partnership with Junction Commercial Real Estate, is underway on Eastex 59, a 740,404-square-foot project in North Houston. The site spans 62.5 acres and is located just east of George Bush Intercontinental Airport. The development will consist of four buildings that will range in size from 148,075 to 224,133 square feet. Three of the buildings will feature front-load configurations, and the fourth will have a cross-dock configuration. Eastex 59 will also offer users a total of 246 dock doors and parking for 522 cars and 200 trailers. Seeberger Architecture is designing the project, and Langan is providing civil engineering services. Completion is slated for late 2026.
HOUSTON — Locally based brokerage and development firm Finial Group has completed construction of a 169,860-square-foot industrial complex in southwest Houston. The property consists of seven freestanding buildings on a 20-acre site at 6811 McHard Road that were developed in three phases over the past five years. Finial Group completed and sold the first two buildings in 2020 and subsequently broke ground on the next two buildings in 2021. Those facilities are now leased to Precision Manufacturing and TradeBlock Inc.
MAGNOLIA, TEXAS — Versal, a self-storage brokerage firm with offices in Austin and Los Angeles, has arranged the sale of Carraway RV & Boat Storage, a 143-unit facility located in the northwestern Houston suburb of Magnolia. The facility spans 70,893 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the locally based seller, M&T Interests LLC, in the transaction. The team also procured the undisclosed, Houston based buyer.