LEWISVILLE, TEXAS — Lee & Associates has negotiated the sale of a 113,904-square-foot industrial building in the northern Dallas suburb of Lewisville. Andes Coil Processes occupies the building at 202 S. Railroad St., which according to LoopNet Inc. was constructed in 1983 and features 35-foot clear heights. Tomas Wilson and Alex Wilson of Lee & Associates represented the buyer, Bleecker Partners, in the transaction. Todd Hubbard of NAI Robert Lynn represented the undisclosed seller.
HILLSIDE AND FOREST PARK, ILL. — Lee & Associates of Illinois has negotiated two industrial leases totaling 131,417 square feet in the western suburbs of Chicago. Sean Austin of Lee & Associates represented Nuvomed Inc., a company that develops and sells affordable health and wellness products, in its lease of 54,087 square feet at 200 Fencl Lane in Hillside. Tom Rodeno and Patrick Turner of Colliers represented the owner, Clear Height Properties. Austin also represented Recyclops Inc., a recycling and sustainability company that provides curbside recycling pickup, in its lease of 77,330 square feet at 7750 Industrial Drive in Forest Park. The same Colliers duo represented the landlord, ML Realty Partners.
FORT WORTH, TEXAS — Lee & Associates has negotiated a 78,272-square-foot industrial lease in North Fort Worth. The tenant is Wistron Corp., a provider of high-tech communications products and services, and the space is located within Building H at 35 Eagle Center. Trey Fricke and Reid Bassinger of Lee & Associates represented the tenant in the lease negotiations. Bob Scully and Steve Trese of CBRE represented the landlord, an entity doing business as Alpha Industrial Properties.
BOLINGBROOK, ILL. — Cargowill, an e-commerce logistics company, has signed a 42,169-square-foot industrial lease at 1325 Remington Blvd. in Bolingbrook. Jeff Galante of Lee & Associates of Illinois represented the landlord, Pritzker Realty Group. Chris Nelson of Lee & Associates represented the tenant. Built in 2016, the 112,000-square-foot property features immediate access to I-55 via the Weber Road interchange.
OAK BROOK, ILL. — Lee & Associates of Illinois has brokered the sale of a 70,497-square-foot office property located at 915 Harger Road in Oak Brook. Tony Russo of Lee & Associates represented the seller, KMMRD Enterprises. The asset was 48 percent leased at the time of sale, with law firm Godoy occupying the largest space. The buyer, Urban Commercial Property Group, plans to invest significant capital into building renovations and deferred maintenance improvements.
ARLINGTON, TEXAS — Lee & Associates and Younger Partners have co-brokered the sale of a 12,006-square-foot industrial building in Arlington. The building at 1300 E. Corporate Drive was originally constructed in 1976. Alex Wilson and Mark Graybill of Lee & Associates and Justin Moreau of Younger Partners co-brokered the deal. The buyer and seller were not disclosed.
ELGIN, ILL. — Lee & Associates of Illinois has brokered the sale of a 442,601-square-foot industrial building located northwest of Chicago in Elgin. Rigid plastics manufacturer PJP Holdings purchased the facility for $24.8 million with plans to modernize it, inclusive of the surrounding infrastructure. Frank Griffin and Mike Adams of Lee & Associates represented the buyer, while law firm Liston & Tsantilis assisted on the transaction. Jack Brennan and Steve Bass of NAI Hiffman represented the seller, JP Elgin Project Co. LLC. The transaction marks the second-largest industrial building sale in metro Chicago in 2026 for square footage, according to Lee & Associates. The sale involved the utilization of Illinois’ 6B tax abatement program, which drives industrial investment, redevelopment and job creation in the region. PJP occupies four facilities in metro Chicago.
WOODRIDGE, ILL. — Lee & Associates of Illinois has negotiated a 100,800-square-foot, full-building industrial lease at 1215 101st St. in Woodridge. Jeff Galante and Jeff Janda of Lee & Associates represented the owner, Rediehs & Rediehs LLC. Manufacturing company Secure Source America LLC leased the property.
The headline numbers in commercial real estate rarely tell the full story. First-quarter 2026 data is a case in point: Lee & Associates reports that industrial and multifamily are slowly absorbing a historic supply surge, office is staging an uneven recovery, and retail is contending with a shortage of quality space rather than a glut of it. Here’s a sector-by-sector look at where U.S. commercial real estate stands heading into the rest of the year — and which markets are bucking the trend. Sponsored: Download Lee & Associates’ 2026 Q1 North America Market report. Industrial Overview: Logistics Demand Moderates; Small Space Needs Gain There was continued weakness in the first quarter across North American industrial markets. The slowing has produced an overhang of newly delivered speculative logistics space, while rent growth has fallen to virtually nil. In the United States, net absorption totaled 32.8 million square feet in Q1, or 0.2 percent of the 19.3-billion-square-foot inventory. It was the lowest rate of tenant growth in more than a decade aside from the 17.6-million-square-foot contraction in Q2 following the U.S.’s initial tariff announcements. The overall vacancy rate in Q1 settled at 7.5 percent, which has nearly doubled since 2022 as new …
DALLAS — Lee & Associates has negotiated the sale of four industrial outdoor storage (IOS) sites in Texas. The facilities — located at 1927 W. Commerce St. in Dallas, 3405 Aldine Bender Road in Houston, 3928 Naco Perrin Blvd in San Antonio and 8601 Tuscany Way in Austin — traded as part of a 56.2-acre, 230,000-square-foot IOS portfolio that also included a facility in Chicago. Alex Wilson of Lee & Associates represented the buyer, Transport Properties, in the transaction. The seller and sales price were not disclosed.