ROUND ROCK, TEXAS — New York City-based Link Logistics has acquired a 61,111-square-foot industrial building in the northern Austin suburb of Round Rock. According to LoopNet Inc., the building at 2401 Double Creek Drive was constructed in 1998. Link Logistics acquired the building, which was fully leased at the time of sale, as part of a two-property portfolio deal that also included a 291,285-square-foot property in the Dallas-Fort Worth metroplex city of Coppell. Stream Realty Partners brokered the deal. The seller and sales price were not disclosed.
HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 20,046-square-foot industrial lease renewal in North Houston. The space is located within the building at 15360 Vantage Parkway W. Sam Marnoy and Matt Rogers of Oxford Partners represented the tenant, M&C Pump Americas LLC, in the lease negotiations. Will Clay and Angela Watford of JLL represented the landlord, Old House Capital.
MONTGOMERY, ALA. — PRP Real Assets has acquired a newly built distribution center in Montgomery for $66.5 million. Delivered in September 2025, the 459,680-square-foot property is leased to Hyundai for 14 years and guaranteed by Hyundai Mobis, a supplier that is using the facility as its flagship redistribution center for Hyundai, Kia and Genesis aftermarket service parts. The facility services more than 2,000 car dealerships nationwide and is fully integrated within a larger, 1.6 million-square-foot Hyundai campus. The property is situated on a 60-acre site and features 36-foot clear heights, 36 dock-high doors and ESFR fire protection. In addition to the acquisition, PRP Real Assets has agreed to provide $30 million in incremental funding to expand the facility by more than 240,000 square feet. Further details of the expansion were not released.
JACKSONVILLE, FLA. — Merritt Properties has broken ground on Phase III of Imeson Landing Business Park in north Jacksonville. The new phase will comprise three shallow-bay industrial buildings totaling 126,500 square feet. The new buildings will be situated across the road from the first two phases of Imeson Landing, which total 266,200 square feet across five buildings. Buildings 600, 700 and 800 will feature 16- and 18-foot clear heights, rear-loaded docks, 90- to 100-foot truck courts and move-in ready incubator spaces to support small, growing businesses. Merritt and general contractor ARCO/Design Build plan to deliver Phase III in second-quarter 2027. The Baltimore-based developer has tapped Ross Crabtree and Luke Pope of JLL to handle leasing at Imeson Landing’s third phase.
RIVERSIDE, CALIF. — Oxford Properties has completed the disposition of a light industrial portfolio in Riverside to Sierra Ridge Capital, with Los Angeles-based Pacific Properties Group providing the equity, for an undisclosed price. Patrick Nally, Ryan Spradling and Shae Vomund of JLL Capital Markets represented the seller in the transaction. Totaling 238,473 square feet, the portfolio includes: Jeff Sause, Danny Ryan and Jenny Barger of JLL Capital Markets arranged a $25 million acquisition loan with a correspondent life insurance company for the buyer.
PLAINFIELD, ILL. — Cawley Commercial Real Estate has arranged the sale of a 340,000-square-foot industrial property on 42 acres in Plainfield. Cawley CRE represented the seller in the transaction, with Joshua Hearne leading the assignment. Tower Real Estate Development and RAK Realty Group acquired the property through a joint venture. They plan to reposition the asset from a Class C property to a Class A property. The site is the first industrial facility positioned at the entrance of the new 143rd Street corridor extension, providing direct access to I-55. It also offers access to a former direct CN rail spur and proximity to BNSF rail. Improvements, managed by Redwood Construction Group, will include a complete building reskin with a new precast façade, new mechanical systems, update sprinkler systems, new office build-outs, new dock levelers and doors and conversion to a cross-dock configuration. The south portion of the site and building perimeter truck court lanes will be newly paved, while the existing truck court will remain, with capacity for more than 200 truck stalls or equipment storage.
MILPITAS, CALIF. — Newmark has arranged the sale of The Cadillac Court Industrial Portfolio, an industrial campus in Milpitas. An undisclosed seller sold the four-building property to Galvanize Real Estate, the sustainable real estate strategy of Galvanize, for an undisclosed price. Steve Golubchik, Edmund Najera, Darren Hollak and Brendan Raney of Newmark represented the seller in the deal. Approximately 95 percent leased, the 302,447-square-foot campus is adjacent to Interstate 880 and offers immediate access to State Route 237. Built between 1991 and 1994, the property features 61 dock-high doors, 16 grade-level doors and approximately 8,000 amps of power. The campus serves a diverse tenant roster spanning millworker and fabrication, corporate services, technology and distribution uses.
COPPELL, TEXAS — New York City-based Link Logistics has acquired a 291,285-square-foot industrial property in Coppell, located in the northern-central part of the metroplex. Link Logistics acquired the fully leased building at 450 Airline Drive as part of a two-property portfolio deal that also included a 61,111-square-foot building in Austin. Stream Realty Partners brokered the deal. The seller and sales price were not disclosed.
FORT WORTH, TEXAS — Lee & Associates has negotiated a 35,000-square-foot industrial lease in northeast Fort Worth. According to LoopNet Inc., the building at 566 N. Beach St. totals 123,450 square feet. Aaron Schulle, Trey Fricke and Reid Bassinger of Lee & Associates represented the undisclosed tenant in the lease negotiations. Nick Talley of LanCarte Commercial represented the landlord, Melvin Evans Warehouses Ltd.
NEW YORK — JLL Capital Markets has arranged a $102 million loan to finance a four-property industrial portfolio spanning Georgia, Florida and South Carolina. Peter Rotchford, Steven Binswanger and Lucas Borges of JLL secured the loan through Canadian Imperial Bank of Commerce (CIBC) on behalf of the borrower, SkyREM. The portfolio, which totals 1.9 million square feet, is currently fully leased to six tenants with a weighted average lease term of more than six years.
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