Tuesday, June 17, 2025
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Industrial

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IndustrialMarket ReportsTexasTexas Market Reports

Dallas-Fort Worth: A Leading Industrial Powerhouse in 2024

by Taylor Williams

By Josh Wheeler, senior vice president of development & acquisitions, Stonemont Financial Group The Dallas-Fort Worth (DFW) metroplex remains at the forefront of industrial growth in the United States. According to CommercialEdge, the market boasts a pipeline of 15.7 million square feet under construction as of June 2024 after several large deliveries were completed in the first half of the year. Following several years of explosive growth caused largely by the rise in e-commerce during the pandemic, the market has cooled due to economic headwinds. Tenants are taking longer to make decisions about their spatial needs. Construction has slowed after almost 18 million square feet of space was delivered in the first half of the year, including Stonemont’s 565,000-square-foot industrial park in Wilmer, just outside the metro area. As a result, vacancy rose to 11 percent in the third quarter of 2024. The market has continued its 14-year-long trend of positive absorption, though 2024’s year-to-date absorption is 6.5 million square feet below last year’s number. However, there is ample reason to remain bullish on DFW and to view the market as well-positioned to maintain its status as one of the country’s leading industrial powerhouses. Trends remain favorable for the market, …

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Content PartnerFeaturesIndustrialLoansMidwestMultifamilyNortheastSelf-StorageSoutheastTexasWestern

Part 1: Navigating the Financing Landscape: What’s Driving Activity Today?

by Sarah Daniels

By David DiRienzo, director — business development, at Talonvest Capital, Inc. This is part one of a two-part series discussing the key drivers behind transaction volume and the steps owners can take to ensure they are well-positioned going forward. Much has been written about the decline in transaction volumes over the last 24 months. There is no question that properties are changing hands at a slower pace compared to the activity seen during the low interest rate environment that prevailed during the pandemic. Even so, many investors continue to seek out financing to address a variety of circumstances. In today’s market, beyond simply refinancing due to an upcoming loan maturity, three scenarios have been driving financing activity among owners of self-storage, multifamily and industrial assets: restructuring debt as a project evolves, elective refinancing to improve performance and capitalizing on a new business plan. We will cover the first theme below in part one of this two-part series. Business Plan Progression Offers Opportunities for Owners to Unlock Value As a business plan evolves and the asset matures, it’s beneficial for owners to reassess their capital stack to optimize investment performance and maximize their goals. Completing a refinance at a natural project inflection …

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 769-Unit Self-Storage Facility in Allen, Texas

by Taylor Williams

ALLEN, TEXAS — Marcus & Millichap has brokered the sale of a 769-unit self-storage facility located at the intersection of Bethany Drive and South Greenville Avenue in Allen, a northeastern suburb of Dallas. Extra Space Storage operates the three-story facility, which was built in 2019 and totals 80,421 net rentable square feet of climate-controlled space. Jon Danklefs of Marcus & Millichap represented the undisclosed buyer in the transaction. The seller and sales price were also not disclosed.

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DevelopmentIndustrialTexas

Constellation to Develop 284,960 SF Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Constellation Real Estate Partners has acquired 23.3 acres at 11891 N. Houston Rosslyn Road on the city’s northwest side for the development of a 284,960-square-foot industrial project. The development, which will be known as Constellation Rosslyn, will feature 36-foot clear heights and parking for 172 cars and 78 trailers, as well as 1.7 acres for additional trailer parking or outdoor storage. Construction is scheduled to begin before the end of the year and to be complete in the third quarter of 2025.

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IndustrialLeasing ActivityTexas

PG Sealing Technologies Signs 13,093 SF Industrial Lease in Pasadena, Texas

by Taylor Williams

PASADENA, TEXAS — PG Sealing Technologies, a manufacturer of gaskets and other industrial sealing devices, has signed a 13,093-square-foot industrial lease in Pasadena, an eastern suburb of Houston. According to LoopNet Inc., the single-tenant facility at 909 Shaver St. was built in 1976 and renovated in 2001. Garth Plyler of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. Jason Kieschnick of Zann Commercial represented the landlord.

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AcquisitionsIndustrialNortheastPennsylvania

Benchmark, Regal Ventures Acquire 218,410 SF Industrial Property in Bristol, Pennsylvania

by Taylor Williams

BRISTOL, PA. — A partnership between Pennsylvania-based developer Benchmark Real Estate and New York-based investment firm Regal Ventures has acquired a 218,410-square-foot industrial property in Bristol, located northeast of Philadelphia. Crownwood Industrial Estates comprises three buildings that range in size from 13,042 to 112,348 square feet on a 25-acre site along the I-95 corridor that can support future expansion. At closing, the partnership sold the 112,348-square-foot building to Penn Steel Fabrication, which occupied about half of that building’s space and was facing lease expiration in 2025. Michael Borski and Pat Gilmore of The Flynn Co., a Philadelphia-based brokerage firm, arranged the sale. The seller and sales price were not disclosed.

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DevelopmentIndustrialSouth CarolinaSoutheast

Frampton to Construct 300,000 SF Industrial Facility in Early Branch, South Carolina for Le Creuset

by John Nelson

EARLY BRANCH, S.C. — Frampton Construction plans to build a new 300,000-square-foot distribution facility in Early Branch for Le Creuset of America, a kitchen supply retailer that operates boutique and outlet stores around the country. Set for completion in late 2025, the facility will feature space for bulk and direct-to-consumer distribution, general storage and a two-story designated office space spanning 22,000 square feet with amenities including locker rooms, a kitchen/breakroom, outdoor patio with a grill and a stone walking path surrounding a pond. The space will also feature a lobby and a 2,180-square-foot storefront that will display Le Creuset’s cookware. The build-to-suit facility will sit on 62 acres along Bob Gifford Boulevard and consolidate the tenant’s operations in the area, as well as create 30 new jobs. Architect McMillan Pazdan Smith designed the facility to be expandable by 120,000 square feet.

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AcquisitionsCaliforniaDevelopmentIndustrialSelf-StorageWestern

Buchanan Street Partners Buys Metro Los Angeles Development Site, Plans 1,180-Unit Self-Storage Project

by Amy Works

UPLAND, CALIF. — Buchanan Street Partners has acquired a 2.1-acre site located at 1382 E. Foothill Blvd. in Upland for $6.2 million from a private owner/developer in an off-market transaction. Buchanan Street Partners plans to redevelop the site, which is located approximately 37 miles east of Los Angeles and is currently occupied by a vacant medical office building, into a Class A self-storage facility. The new four-story, 123,000-square-foot property will offer 1,180 self-storage units. Construction will begin immediately, with completion slated for January 2026. DAI General Contracting is the general contractor, and Wintrust Bank is providing construction financing for the project.

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AcquisitionsColoradoIndustrialWestern

Malman Commercial Real Estate Negotiates $4.5M Sale of Industrial Building in Denver

by Amy Works

DENVER — Malman Commercial Real Estate has arranged the sale of 4600 Ironton Street, an industrial property in Denver. GS Ironton LLC sold the asset to Aspen Ironton LLC for $4.5 million. The property offers 37,636 square feet of industrial space. Jake Malman and Dan Prevedel of Malman Commercial Real Estate represented the seller, while Taylor Roy, also with Malman, represented the buyer in the deal.

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ArizonaDevelopmentIndustrialWestern

Thompson Thrift Completes 400,000 SF First Phase of Industrial Park in Queen Creek, Arizona

by Amy Works

QUEEN CREEK, ARIZ. — Thompson Thrift has completed the construction of the first phase of Germann Commerce Center, an industrial development in Queen Creek, a suburb southeast of Phoenix. Located on the southwest corner of Germann and Meridian roads, the first phase of Germann Commerce Center consists of 400,000 square feet of speculative light-industrial space in five standalone buildings spread across approximately 26 acres. The buildings feature front-park/rear-load industrial space with 28- to 32-foot clear heights and frontage along East Germann Road. Thompson Thrift plans to complete the build-out of the speculative office space in the first phase by the end of the year. The second phase is being marketed for build-to-suit and for-sale options. At full build-out, the 70-acre property will offer just over 1 million square feet of warehouse, distribution, light assembly and manufacturing space across 12 buildings.

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