TULSA, OKLA. — Park Aerospace Corp. (NYSE: PKE) will open a $65 million manufacturing facility in Tulsa, a project that is expected to add about 100 new jobs to the local economy. The square footage was not disclosed. The site spans 18 acres on the north side of Tulsa International Airport, and the facility will be used to manufacture advanced composite materials for the defense and aerospace sectors. Construction is expected to begin in the coming weeks and to be complete in 2028.
FORT WORTH AND FLOWER MOUND, TEXAS — CBRE has negotiated the sale of two newly constructed industrial buildings in the Fort Worth area that are both leased to Tesla. The building at 5812 North Freeway in Fort Worth totals 50,840 square feet, and the building at 1805 Justin Road in Flower Mound, a northern suburb, totals 51,371 square feet. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE represented the undisclosed seller in the transactions. The name of the buyer(s) was also not disclosed.
SAN FRANCISCO — BridgeInvest, an investment manager specializing in senior-secured real estate credit, originated an $87.9 million first priority acquisition loan and lease-up of 300 Kansas Street, a six-story Class A research and development property in San Francisco’s Mission bay submarket. Constructed in 2023, the 152,000-square-foot property will continue to be leased and stabilized by the sponsors, Lincoln Property Co. and Sabal Investment Holdings.The loan was originated through BridgeInvest Credit Fund V LP, the firm’s evergreen discretionary fund focusing on first-lien loans across a diversified set of real estate asset types.
TUKWILA, WASH. — Sagard Real Estate has purchased 1100 Andover Park West, an industrial asset in Tukwila, approximately 12 miles south of Seattle. Situated on 5.6 acres, the 133,750-square-foot property features a clear height of 24 feet, 16 dock-high loading doors and four points of ingress and egress. At the time of sale, the asset was fully occupied by a national wholesale distributor that has opened at the site for more than 25 years. Sagard Real Estate is a U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm.
DES PLAINES, ILL. — Seefried Industrial Properties has completed demolition and is underway on a three-building, 520,000-square-foot industrial development in Des Plaines. The project is a redevelopment of approximately 35 acres at the Northeast corner of Algonquin and Mount Prospect roads in the O’Hare submarket. It will transform three functionally obsolete office buildings into a modern industrial park. The three buildings, totaling 106,000, 152,000 and 260,000 square feet, are being built on a speculative basis. Premier Design + Build Group is the general contractor, SPACECO is the civil engineer and Harris Architects is the architect. Jason Lev, Jimmy Kowalczyk and John Suerth of CBRE are marketing the property for lease. Completion is slated for the second quarter of 2027.
PLEASANT PRAIRIE, WIS. — Avison Young has brokered the sale of a 200,696-square-foot food production facility located within LakeView Corporate Park in Pleasant Prairie. Royal Oak Realty Trust, a New York-based real estate investment trust, acquired the property. Erik Foster and Mike Wilson of Avison Young represented the seller, EQT Real Estate. Constructed in 2017, the facility is fully leased to a national bakery products supplier.
NASHVILLE, TENN. — Brennan Investment Group has broken ground on a 210,000-square-foot speculative industrial facility in the historic Whites Creek neighborhood of Nashville. The building is expected to be completed in the second quarter of 2027. Situated on 17 acres, the rear-load building will feature 260-foot depths, ample trailer and car parking spaces, 32-foot clear heights, an ESFR sprinkler system, concrete tilt-wall construction and the ability to accommodate up to five tenants.
CROWLEY, TEXAS — Marcus & Millichap has brokered the sale of Crowley Space Station, a 299-unit self-storage facility located south of Fort Worth. The site spans 5.2 acres, and the facility offers drive-up units, covered parking and uncovered parking spaces for a total of 64,210 net rentable square feet. Brandon Karr of Marcus & Millichap represented the seller, a local owner-operator, in the transaction, and procured the buyer, a California-based private investor. Both parties requested anonymity.
MIDLOTHIAN, TEXAS — St. Louis-based developer Sansone Group has delivered Palmer Logistics, a 269,700-square-foot industrial project located in the southern Dallas suburb of Midlothian. The facility, which is situated on a 26.5-acre site, is a build-to-suit for Houston-based chemicals manufacturer Palmer International and will be used for hazardous materials storage and distribution. ARCO/Murray served as the general contractor for the project, construction of which began in August 2025.
HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 10,709-square-foot industrial lease renewal and expansion in northwest Houston. According to LoopNet Inc., the building at 8901 Jameel Road was constructed in 1980 and totals 47,510 square feet. Sam Marnoy and Matt Rogers of Oxford Parters represented the tenant, Contract Mover Services, in the lease negotiations. Jack Rathe and Natalie Gilbert of Stream Realty Partners represented the landlord, Dallas-based Bleecker Partners.
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