MESQUITE, TEXAS — Chinese energy company HiTHIUM has opened a $200 million battery manufacturing facility in Mesquite, an eastern suburb of Dallas. The facility spans 484,441 square feet, and mass production of battery modules and systems is expected to begin before the end of the year. Kentucky-based design-build firm Gray handled the architectural and construction aspects of the project, which could account for the employment of as many as 200 people at the height of its operation.
HOUSTON — A partnership between local investment firm PAGEWOOD and Boston-based Long Wharf Capital has purchased a 292,200-square-foot, shallow-bay industrial park in northwest Houston. Crossroads at Brittmoore consists of 13 buildings on a 20-acre site that were 91 percent leased at the time of sale. The seller was Houston-based ABCO Industrial Properties. The new ownership plans to implement capital improvements, such as landscaping upgrades, new fencing and security, fresh paint and improved signage.
MEDLEY, FLA. — Berkadia has secured a $50 million loan for the refinancing of the Galaxy Industrial Portfolio, a collection of 20 warehouse buildings in the Miami suburb of Medley spanning 689,940 square feet. Ocean Bank provided the five-year, fixed-rate loan with two five-year extension options and a 12-month interest-only period. Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez, Shannon Wilson and Luke Maganas of Berkadia arranged the loan on behalf of the borrower, Galaxy Industrial. The portfolio was 97.4 percent leased at the time of financing to tenants in the packing, logistics and shipping sectors. The assets were built between 1982 to 1995 and are situated within one mile of each other.
HUNTSVILLE, ALA. — The Storage Center has opened a new 850-unit self-storage facility located at 3910 Cypressbrook Drive NW in Huntsville. The three-story, 106,600-square-foot property is situated within Cummings Research Park, which is near Redstone Arsenal and University of Alabama in Huntsville (UAH). Storage unit sizes at the climate-controlled facility range from 5- by 5-foot lockers to 10- by 30-foot units. The property features covered loading bays, 24-hour digital video surveillance, online rental and reservation options, onsite management and an onsite rental center selling boxes, locks and packing supplies.
WALLINGTON, N.J. — Newmark has secured a 22,000-square-foot industrial lease in the Northern New Jersey community of Wallington. According to LoopNet Inc., the 101,481-square-foot building at 480 Main Ave. was built in 1940 and renovated in 2004. Kyle Eaton, Robert Loderstedt, Michael Schipper and Haylee McCabe of Newmark represented the tenant, Excellent Packaging & Supply, in the lease negotiations. The name and representative of the landlord were not disclosed.
NORTH LAS VEGAS, NEV. — Colliers has arranged the sale of Las Vegas Logistics Center, a Class A industrial portfolio in North Las Vegas. NorthPoint Development acquired the asset for an undisclosed price. Totaling 1 million square feet, the portfolio consists of three buildings located at 3837 Bay Lake Trail, 3717 Bay Lake Trail and 3200 R. Gowan Road. At the time of sale, the 50.4-acre center was fully leased to five tenants, including Amazon, with a weighted average lease term (WALT) of 3.4 years. Las Vegas Logistics Center features 30- to 32-foot clear heights, 202 dock-high doors, deep concrete truck courts and generous trailer and auto parking. Michael Kendall, Gian Bruno and Kenny Patricia of Colliers’ West Region Industrial Capital Markets represented both parties in the transaction. Additionally, Jeremy Thornton, Nicole Sayers and Andrew Gibson of Colliers arranged acquisition financing for the buyer. Dan Doherty, Paul Sweetland and Jerry Doty of Colliers provided local market insight and leasing support throughout the transaction process.
RENO, NEV. — Panattoni Development has completed the disposition of a freestanding industrial property located at 400 E. Parr Blvd. in Reno. An undisclosed owner/occupier in the kitchen and bath appliance industry acquired the asset for $20.5 million. Situated on 6.7 acres, the 169,027-square-foot facility was originally built in 1972 and renovated in 2016. The property features 25-foot clear heights, 18 dock doors, one grade door, ESFR sprinklers and skylights. Sears Outlet Stores previously tenanted the property. Mike Nevis and Shawn Jaenson of Cushman & Wakefield represented the seller in the transaction. Nevis and Jaenson were joined by Will Strong, Molly Hunt, Michael Matchett, Jack Stamets and Madeline Warren of the firm’s National Industrial Advisory Group – Mountain West, along with Jeff Chiate, Rick Ellison, Matthew Leupold and Aubrie Monahan of the IAG – West team.
DES PLAINES, ILL. — Des Plaines-based CORFAC International’s first-half 2025 survey of members from 75 independent commercial real estate firms across the globe shows that deal activity is on an upward trajectory. When assessing the past six months, 67 percent of respondents said that deal activity had increased, compared with 35 percent of respondents in the last survey. Industrial real estate continues to be the leading driver of CORFAC members’ business. Nearly 70 percent of respondents said it was a leading driver of business so far in 2025, and 56 percent said they expected it to be the leading sector in the second half of the year. In addition, 72 percent identified warehouse and distribution centers, continuing the trend from 2024, of those categories leading the way. Members from 40 markets around the world identified positive employment trends (55 percent), population migration into their market (48 percent), and stabilizing interest rates (38 percent) as the three key factors that are having a positive influence on transaction activity. Some economic realities that are worrying members include high costs of construction (66 percent), inflation and interest rates (60 percent), and local and national policies (40 percent). “We’re pleased to see the strong …
HOUSTON — Marcus & Millichap has brokered the sale of Right Move Storage, a 367-unit self-storage facility in West Houston. Built on 2.5 acres in 1985, the facility comprises five single-story buildings totaling 44,325 net rentable square feet of space across 342 non-climate-controlled units and 25 outdoor parking spaces. Dave Knobler, Mixson Staffel and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based limited liability company, in the transaction. The buyer was a Florida-based limited liability company. Both parties requested anonymity.
GRAND PRAIRIE, TEXAS — Constellation Real Estate Partners has broken ground on a 286,700-square-foot speculative industrial project in Grand Prairie, located roughly midway between Dallas and Fort Worth. Designed by Meinhardt Associates, Constellation Rock Island Logistics Center will be situated on a 16.8-acre site and will feature 36-foot clear heights and 80 trailer parking spots. The building will also be able to accommodate a single or multiple users. Cushman & Wakefield is the leasing agent for the project, construction of which is slated for a second-quarter 2026 completion.