FORT COLLINS, COLO. — Ogilvie Partners has sold Prospect Innovation Campus, an industrial flex and research-and-development (R&D) campus in Fort Collins, to Denver-based ZS Capital Partners for $42 million. The 226,000-square-foot property comprises 11 buildings across four developments: Midpoint 3, River Center, Spring Creek and One Prospect. Constructed between late 1980s and early 2000, Prospect Innovation Campus offers a mix of small-bay industrial, flex and R&D space, as well as flexible suite configurations and a blend of office and warehouse components. The campus provides convenient access to I-25. Jeremy Ballenger, Tyler Carner, Patrick Devereaux, James Brady and Campbell Davis of CBRE represented the seller in the transaction.
EL SEGUNDO, CALIF. — Newmark has brokered the sale of a research-and-development (R&D) office facility in El Segundo, located just south of Los Angeles International Airport. Hackman Capital Partners sold the property, which is fully leased to electric vehicle manufacturer Rivian on a triple-net basis, to Majestic Realty for $27.2 million, or $480 per square foot. Situated on 2.1 acres at 401 Coral Circle, the 56,815-square-foot facility features 24-foot clear heights, six dock-high doors, 3,000 amps of power, a car wash and 110 parking stalls. Originally built in 1967 and renovated in 2020, the property serves as both a customer-facing service center and a highly secure R&D facility, supporting Rivian’s consumer and commercial vehicle lines. Kevin Shannon, Rob Hannan, Ken White, Laura Stumm, Micheal Moll, Ryan Plummer, Andrew Briner and Aaron Banks of Newmark represented the seller in the deal. Blake Thompson and Travis Bailey, also with Newmark, provided support on the debt strategy and financing consideration throughout the transaction process.
MONAHANS, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of five self-storage facilities totaling 64,200 net rentable square feet across 529 units in Monahans, located just outside of Midland in West Texas. Known as the Double D Storage Portfolio, the facilities were originally developed on a combined 4.5 acres in 1993 and were 98 percent occupied at the time of sale. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
TULSA, OKLA. — Locally based investment firm TruCore Industrial has purchased a roughly 100,000-square-foot complex in northeast Tulsa. The property at 1872 N. 75th E. Ave. consists of four buildings that were fully leased at the time of sale to American Power Innovations, a manufacturer of power and energy equipment. The deal traded off-market. The seller and sales price were not disclosed.
DORAL, FLA. — Avison Young has arranged the $86 million sale of a 14-property small-bay industrial portfolio in Doral, a western suburb of Miami. The price equated to $296 per square foot. The portfolio, which is located along NW 54th Street, NW 56th Street, NW 79th Avenue and NW 82nd Avenue, spans 300,000 square feet. Martin Waas of Waas Realty LLC represented the sellers in the transaction. Waas Realty also handled the leasing and management of the warehouses since their development starting in 1973, according to South Florida Business Journal. Michael Fay and David Spillers of Avison Young, along with Industrial Advisors’ Tommy Gil and David Olade and Michael Waite of Miami Warehouse Real Estate, represented the buyer, Midtown Capital Partners.
CHARLOTTE, N.C. — Beacon Partners has broken ground on Rapid Commerce Park, a planned 1.5 million-square-foot manufacturing and logistics park located in west Charlotte. The initial phase will include three buildings at the intersection of Rhyne and Mount Holly roads. The buildings will be 70,825 square feet, 74,722 square feet and 264,490 square feet. Completion is slated for the fourth quarter of 2027. The project team includes general contractors Edifice Construction and Choate Construction, civil engineer Orsborn Design Group and architect WGM Design.
SAN MARCOS, TEXAS — JLL has arranged a bridge loan of an undisclosed amount for the refinancing of Clovis Crossing, a 213,125-square-foot industrial complex in San Marcos, located roughly midway between Austin and San Antonio. The two-building, 13.8-acre property features 32-foot clear heights, 60 dock doors, four drive-in ramps and 233 car parking spaces. Michael Klein, Jon Mikula, Michael Johnson, Nazario Paragano and John Beeler of JLL arranged the loan through Argentic Investment Management. The borrower, New Jersey-based investment firm Denholtz Properties, purchased Clovis Crossing in 2024.
AUSTIN, TEXAS — Kent Cos. has signed a 39,894-square-foot industrial lease in northeast Austin. The Michigan-based provider of specialty concrete services will relocate and expand its regional operation to Tuscany X Crossing Business Park, a 329,627-square-foot industrial development located two miles north of I-35. Luke Clardy of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Blake Patterson of Aquila Commercial represented the landlord, Brookfield Properties.
SAGINAW, MICHIGAN — An affiliate of Phoenix Investors, a company specializing in revitalizing former manufacturing sites, has acquired a three-building, 1.8 million-square-foot industrial complex in Buena Vista Charter Township, which borders the city of Saginaw, from international auto supplier Nexteer Automotive. The sales price was not disclosed. The three buildings are known locally as Plants 5, 6/1 and 7. Nexteer will continue to occupy nearly 1.3 million square feet across Plants 6/1 and 7, and those facilities are expected to continue operating as normal during the transition period. Approximately 552,000 square feet in Plant 5 is currently available for lease. As of January 2026, the portfolio of Milwaukee, Wis.-based Phoenix Investors totaled 85 million square feet spanning 27 states.
BENICIA, CALIF. — CBRE has brokered the $87.5 million sale of a nine-building industrial portfolio in Benecia, part of the San Francisco Bay Area. NorthPoint Development purchased the buildings, which are located within Benicia Industrial Park, and include Benicia Commerce Center I and II at 6200-6850 Goodyear Road and Benicia Industrial Way at 5301-5341 Industrial Way. At the time of sale, the portfolio was fully leased to 19 tenants that have occupied space at the park for an average of nearly 15 years. The tenant roster is subject to below-market rents, staggered lease expirations and a weighted average lease term of roughly 3.4 years, according to the deal term. Rebecca Perlmutter and Brian Russel of CBRE National Partners West, along with Tony Binswanger, Bo Harkins and Brooks Pedder of CBRE’s Walnut Creek, Calif., office represented the seller in the deal. Steve Roth, Val Achtemeier and David Milestone of CBRE Capital Markets’ Debt & Structured Finance arranged the buyer’s financing.
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