HOUSTON — Locally based brokerage firm Moody Rambin has arranged the sale of Bennington Business Park, a 33,000-square-foot industrial complex located in the Independence Heights area of Houston. The complex spans 1.3 acres and includes traditional warehouse and small-bay industrial space. Stephen Ghedi and Lawton Anderson of Moody Rambin represented the seller, locally based investment firm Crescere Capital Management, in the transaction. The buyer was Rivergate Capital.
CHANDLER, ARIZ. — Seefried Industrial Properties, in partnership with WDP Partners, has broken ground on an industrial project at 1703 S. Arizona Ave. in Chandler. ARCO is serving as general contractor for the project, which is slated for completion in third-quarter 2027. Situated on 16.7 acres, the two-building project will feature 269,100 square feet of Class A industrial space. The project will include a 69,300-square-foot Building A and a 199,800-square-foot Building B. Both buildings will feature 32-foot clear heights and ESFR sprinkler systems, with a combined 65 dock-high doors, four grade-level doors, 204 parking spaces and 56 trailer spaces. Dan Calihan, Pat Feeney and Tyler Vowels of CBRE are handling leasing and marketing efforts for the development.
MOORESVILLE, IND. — JLL Capital Markets has arranged the sale of Westpoint Business Park, Building IV, a 500,406-square-foot sustainable food packaging building in Mooresville near Indianapolis. Completed in 2022, the cross-dock facility is fully leased to a packaging and manufacturing company. It features a clear height of 40 feet, 52 dock-high doors, three drive-in doors, a 140-foot truck court, 319 automobile parking spaces and 60 trailer parking positions. The property also includes 12,417 square feet of office space. John Huguenard, Ed Halaburt, Will McCormack and Cameron Chandra of JLL represented the seller, Ambrose. SkyREM acquired the asset.
FRANKLIN PARK, ILL. — Lee & Associates of Illinois has brokered the $4.5 million sale of 4 acres at 11330 W. Melrose Ave. in Franklin Park. Jeff Provenza of Lee & Associates represented the buyer, Seefried Industrial Properties, which plans to develop an 81,670-square-foot building. Slated for completion in June 2027, the property will feature 32-foot ceilings, 14 exterior loading docks and visibility from I-294. Provenza and his team have also been retained for leasing. O’Brien Investment Group was the seller.
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.
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