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Lee & Associates

IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Accredo Health Group Signs 40,873 SF Industrial Lease in Elgin, Illinois

by Kristin Harlow

ELGIN, ILL. — Accredo Health Group has signed a 40,873-square-foot industrial lease at 300 Airport Road within Fox River Business Center in Elgin. Kenneth Franzese, John Cassidy and Jeff Janda of Lee & Associates of Illinois represented the landlord, High Street Logistics Properties. Bob Tardy and Doug Pilcher of Cushman & Wakefield represented the tenant, which is a specialty pharmaceutical service provider. Fox River Business Center is a 176,799-square-foot industrial facility constructed in 2008. Current availability totals 29,806 square feet.

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1021-S-Placentia-Ave-Fullerton-CA
AcquisitionsCaliforniaIndustrialLee & AssociatesWestern

Lee & Associates Orange Brokers Sale of 10,080 SF Industrial Building in Fullerton, California

by Amy Works

FULLERTON, CALIF. — Lee & Associates Orange has arranged the sale of a 10,080-square-foot industrial building located at 1021 S. Placentia Ave. in Fullerton. Bruner Rental Properties acquired the asset from KSP Real Estate Partners for $3.3 million. Mark Hintergardt and Phil Fridd of Lee & Associates represented the seller in the transaction.

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Brokers Sale of 64,406 SF Industrial Building in Flower Mound, Texas

by Taylor Williams

FLOWER MOUND, TEXAS — Lee & Associates has brokered the sale of a 64,406-square-foot industrial building in Flower Mound, located in the northern-central part of the metroplex. According to LoopNet Inc., the building at 500 Gerault Road was constructed in 2025 and features 32-foot clear heights. Adam Graham, Alex Wilson and Tomas Wilson of Lee & Associates represented the seller in the transaction. Bill de la Chapelle and Karla Orozco of eXp Commercial represented the buyer. Both parties requested anonymity.

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AcquisitionsCaliforniaIndustrialLee & AssociatesWestern

Lee & Associates Brokers $2.3M Sale of 7,770 SF Multi-Tenant Industrial Building in Norwalk, California

by Amy Works

NORWALK, CALIF. — Lee & Associates has arranged the sale of a multi-tenant industrial building located at 13820 Shoemaker Ave. in Norwalk. Parsons sold the property to Rosecrans Associates, an investment buyer, for $2.3 million. Situated on 0.37 acres, the 7,770-square-foot property features 800 square feet of office space, three ground-level doors, a 14-foot warehouse clearance and 300 amps of power. Additionally, the asset offers a secured yard area and a 2:1 parking ratio. The property was originally constructed in 1974. Pat Delaney of Lee & Associates – Orange handled the transaction.

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These tables highlight major office market indicators across North America for Q42025, including vacancy rates, rents, prices per square foot, construction activity, inventory sizes and capitalization rates. Source: Lee & Associates’ 2025 Q4 North America Market Report.
Content PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Q4 2025 Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady

by Sarah Daniels

Lee & Associates’ 2025 Q4 North America Market Report looks at diverging market demand across industrial, office, retail and multifamily spaces nationwide in the last quarter. Demand continued to soften for industrial spaces, while multifamily saw a reversal: decreased demand after seven consecutive quarters of strengthening. Office saw a slow increase in net absorption, but only after six years of negative absorption; retail demand was mixed. Industrial and retail spaces contended with tariff concerns, while all four types of commercial real estate saw either decreased or slowed rent growth in the final quarter of 2025. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below illustrate the market landscape through data on net absorption, leasing and development activity, sales transactions and rent growth, in addition to demand. Industrial Overview: Demand Falls Under Tariff Pressure Falling demand for industrial space continued in 2025 under the added strain of the United States’ aggressive trade and tariff policies affecting commercial property markets across North America. In the United States net absorption declined again in 2025 as tenant and rent growth fell to their lowest levels since the aftermath of the financial crisis. Meanwhile, inventory growth has been scaled back …

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Brokers Sale of 80,164 SF Manufacturing Building in North Houston

by Taylor Williams

HOUSTON — Lee & Associates has brokered the sale of an 80,164-square-foot manufacturing building in North Houston. According to LoopNet Inc., the building at 1121 Buschong St. was built on 6.4 acres in 2001. The building includes 14,250 square feet of office space. Justin Tunnell and Richard Glass of Lee & Associates represented the seller, Schlumberger Technology Corp., in the deal. The buyer and sales price were not disclosed.

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AcquisitionsIllinoisIndustrialLee & AssociatesMidwest

Lee & Associates Brokers $3.3M Sale of Industrial Building in Bensenville, Illinois

by Kristin Harlow

BENSENVILLE, ILL. — Lee & Associates of Illinois has brokered the $3.3 million sale of a 32,120-square-foot industrial building located at 1029-1033 Bryn Mawr Ave. in Bensenville. Michael Plumb, Bradley Simousek and Colin Sons of Lee & Associates represented the private owner. Dustin Albers of Lee & Associates represented the buyer, Doctor Rooter 911. The commercial plumbing company maintains two other locations in Bensenville.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 123,241 SF Industrial Lease in South Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Lee & Associates has negotiated a 123,241-square-foot industrial lease in South Fort Worth. The space is located within Carter Industrial Park. Reid Bassinger, Trey Fricke and Schaefer Amos of Lee & Associates represented the tenant, ReturnPro, which provides post-purchase services for retailers, in the lease negotiations. Cheyenne Mungaray, Forrest Cook and Jeff Rein of Stream Realty Partners represented the landlord, Agellan Capital Partners Inc.

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IndustrialLeasing ActivityLee & AssociatesTexas

Aircool AC Parts Supply Signs 17,213 SF Industrial Lease in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Aircool AC Parts Supply has signed a 17,213-square-foot industrial lease in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 1705 Wallace Drive was completed in 2001 and totals 138,600 square feet. Corbin Blount and Baron Johnson of Lee & Associates represented the tenant in the lease negotiations. Mac Hall and Sarah Ozanne of Stream Realty Partners represented the landlord.

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Leasing ActivityLee & AssociatesOfficeTexas

Wealth Partners Alliance Signs 9,763 SF Office Lease Renewal, Expansion in North Dallas

by Taylor Williams

DALLAS — Wealth Partners Alliance has signed a 9,673-square-foot office lease renewal and expansion in North Dallas. According to LoopNet Inc., the building at 12240 Inwood Road was built in 1982 and totals 34,663 square feet. Nathan Denton of Lee & Associates represented the tenant in the lease negotiations. Sean Dalton of Younger Partners represented the landlord.

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