Wednesday, July 30, 2025
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Industrial

DevelopmentIndustrialMichiganMidwest

GM to Invest $150M in Flint, Michigan Truck Assembly Plant to Increase Full-Size Pickup Truck Production

by Kristin Harlow

FLINT, MICH. — General Motors Co. plans to invest $150 million at its Flint assembly plant to increase production of the all-new Chevrolet Silverado and GMC Sierra heavy-duty pickup trucks, which begin shipping to dealers this week. This is the second major expansion of GM’s full-size pickup truck production capacity this year. The news follows GM’s announcement last month to expand light-duty, full-size pickup truck production capacity in Fort Wayne, Ind. GM has invested more than $1.6 billion in the Flint assembly plant since 2013. The work will be completed in the first half of 2020. The Flint plant opened in 1947 and currently has three production shifts.

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AcquisitionsIndustrialMidwestWisconsin

Barry Co. Brokers Sale of 68,000 SF Industrial Facility in Lake Geneva, Wisconsin

by Kristin Harlow

LAKE GENEVA, WIS. — The Barry Co. has brokered the sale of a 68,000-square-foot industrial facility located at 901 Maxwell St. in Lake Geneva for an undisclosed price. The property sits on 5.7 acres. Kevin Barry represented the seller, Everett Smith Group. The buyer, Lake Geneva Self Storage LLC, plans to convert the property into a self-storage facility.

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AcquisitionsIndustrialTexas

NIT Industrial Buys Land Near Port Houston for 204,175 SF Industrial Project

by Taylor Williams

HOUSTON — NIT Industrial LLC has purchased 12.8 acres within Cedar Port Industrial Park near Port Houston for the development of a 204,175-square-foot speculative industrial project. The project will encompass four buildings measuring between 50,250 and 51,925 square feet that will feature 32-foot clear heights, dock- and grade-level loading doors and ESFR sprinkler systems. Construction is slated to begin in October. Jason Tangen of Colliers International represented the buyer in the transaction. Joel Michael of NAI Partners represented the seller, TGS Cedar Port Partners LP. Colliers will also handle leasing of the new facility.

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AcquisitionsIndustrialTexas

Marcus & Millichap Brokers Sale of 536,141 SF Distribution Center in Tyler, Texas

by Taylor Williams

TYLER, TEXAS — Marcus & Millichap has brokered the sale of Trane Distribution Center, a 536,141-square-foot industrial facility in Tyler, about 100 miles east of Dallas. The property was built in 1949 on 36.9 acres and was fully leased at the time of sale to Trane, a manufacturer of heating and air conditioning systems. Adam Abushagur of Marcus & Millichap represented the seller in the transaction and procured the buyer, both of which were undisclosed private investors. Additional terms of sale were not released.

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AcquisitionsIndustrialTexas

Nordic Realty Partners Buys 76,000 SF Industrial Property in Northeast Austin

by Taylor Williams

AUSTIN, TEXAS — Nordic Realty Partners, a privately held investment firm with offices in Los Angeles, Austin and Chicago, has purchased a 76,000-square-foot industrial property located within Cameron Industrial Park in northeast Austin. The property spans four acres and houses three warehouse buildings. The seller, Byram Properties, has owned the buildings since 1984.

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AcquisitionsIndustrialMidwestSelf-StorageWisconsin

Marcus & Millichap Brokers $8.9M Sale of Self-Storage Portfolio in Sheboygan, Wisconsin

by Kristin Harlow

SHEBOYGAN, WIS. — Marcus & Millichap has brokered the $8.9 million sale of Champion Self-Storage, a 999-unit self-storage portfolio in Sheboygan. The portfolio includes five facilities, three of which are located on Playbird Road. The unit mix is comprised of 65 climate-controlled units, 734 non-climate controlled units, 18 storage containers, six warehouse spaces and 176 parking spaces for boats and recreational vehicles. The portfolio accounts for nearly half of the available self-storage space in Sheboygan, according to Marcus & Millichap. Sean Delaney of Marcus & Millichap brokered the transaction. Buyer and seller information was not disclosed.

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AcquisitionsIllinoisIndustrialMidwest

SEDCO Purchases 306,448 SF FedEx Ground Distribution Center in Niles, Illinois

by Kristin Harlow

NILES, ILL. — SEDCO Capital, an asset management company headquartered in Saudi Arabia, has purchased a distribution facility occupied by FedEx Ground in the Niles submarket of Chicago. The purchase price was not disclosed. SEDCO used a separate account managed by ElmTree Funds LLC to acquire the property. The 306,448-square-foot facility is located at 5959 W. Howard St. Originally constructed in 2015 as a build-to-suit for FedEx Ground, the net-leased property features 101 dock doors. FedEx has approximately 11 years remaining on its lease.

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DevelopmentIndustrialMidwestWisconsin

Zilber to Develop 300,000 SF Spec Industrial Building in Janesville, Wisconsin

by Kristin Harlow

JANESVILLE, WIS. — Zilber Property Group has unveiled plans to develop a 300,000-square-foot speculative industrial building in Janesville. Known as Zilber Industrial 1 at Janesville, the building will be situated on an 18-acre site at the corner of Beloit Avenue and Highway 11. The facility will feature a clear height of 32 feet, LED lighting, an ESFR sprinkler system, on-site trailer parking and expandable loading options. A timeline for completion was not disclosed.

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Data CentersDevelopmentLeasing ActivityOfficeTexas

Google Breaks Ground on $600M Data Center in Midlothian, Signs Two Office Leases in Austin

by John Nelson

MOUNTAIN VIEW, CALIF. — Search engine giant Google has announced a heavy investment in the state of Texas. The company has broken ground on a new $600 million data center in Midlothian. The project will serve as Google’s first data center in Texas. The tech firm has also executed two new office leases in Austin where there are already 1,100 Google employees working across various platforms including Android, G Suite, Google Play, Cloud and general office functions like operations and marketing. Google has leased space at Trammell Crow Co.’s Block 185 project in downtown Austin. The Austin American-Statesman reports that Google will lease the entire 35-story tower, which is located at West Cesar Chavez and Nueces streets. The newspaper also reports that Google has leased seven stories of office space totaling 150,000 square feet within the Saltillo mixed-use project. Local developer Endeavor Real Estate Group is building the East Austin project and will serve as Google’s new landlord. These new commitments are part of Google’s larger $13 billion investment in offices and data centers across the United States that was announced back in February.

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GreenSpace-Self-Storage-Pearland-Texas
DevelopmentIndustrialSelf-StorageTexas

GreenSpace to Develop 1,000-Unit Self-Storage Facility in Pearland, Texas

by Taylor Williams

PEARLAND, TEXAS — GreenSpace Self-Storage LLC will develop a 1,000-unit facility on a 2.4-acre parcel in the southwestern Houston suburb of Pearland. The Class A property will offer 100,000 square feet of net rentable space, with both climate- and non-climate-controlled units. Construction is scheduled to begin later this year. Chris Bergmann Jr. of JLL represented GreenSpace, which also has projects underway in Sacramento, Philadelphia and Portland, in the land acquisition deal.

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