Thursday, August 6, 2026
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Industrial

The office sector showed its strongest performance since COVID in the second quarter of 2026, according to the Lee & Associates’ 2026 Q2 North America Market Report.
AcquisitionsContent PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Lee & Associates’ Q2 Report: Office, Retail Markets Gain Momentum as Industrial, Multifamily Face Headwinds

by Sarah Daniels

The Lee & Associates’ 2026 Q2 North America Market Report finds that commercial real estate fundamentals are improving, but the pace of recovery varies significantly by property type and market. Office and retail sectors are showing renewed momentum, industrial demand continues to recover unevenly amid trade uncertainty and multifamily fundamentals are stabilizing as new supply begins to moderate. Across all sectors, investors and occupiers remain highly selective in an evolving market. Sponsored: Download Lee & Associates’ 2026 Q2 North America Market Report. Industrial Overview: Recovering Demand Is Uneven Amid Trade Tensions Demand for North American industrial space in the second quarter continued to recover from slowing caused by heightened trade uncertainties that began early last year. Modest tenant expansion in the United States remains well off pre-COVID average growth. In the United States, 44.4 million square feet of net absorption in the second quarter brought the mid-year total to 77.1 million square feet, about 30 percent less than the pre-pandemic five-year average. First-half deliveries fell to 93 million square feet, which included 44.4 million square feet in the first quarter — the least in seven years. Although supply additions have moderated, the pullback in tenant demand over the past three years …

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IndustrialLeasing ActivityTexas

Lindenmeyr Munroe Signs 100,043 SF Industrial Lease in North Houston

by Taylor Williams

HOUSTON — Lindenmeyr Munroe has signed a 100,043-square-foot industrial lease in North Houston. The distributor of printing and packaging paper is taking space at Building 3 of Patriot Business Park, a newly constructed, three-building development that was formerly known as Veterans Memorial Business Park. Tyler Maner, Natalie Gilbert and Jeremy Lumbreras of Stream Realty Partners represented the landlord, a partnership between Investment & Development Ventures and Standard Real Estate Investments, in the lease negotiations. Jim Foreman and Sean Duffy of Cushman & Wakefield represented the tenant.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 56,780 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Lee & Associates has negotiated a 56,780-square-foot industrial lease in Grand Prairie, located roughly midway between Dallas and Fort Worth. The tenant was not disclosed. According to LoopNet Inc., the building at 2401 W. Marshall Drive was completed in 1966 and totals 320,366 square feet. Mark Graybill, R.J. Flores and Reed Parker of Lee & Associates represented the landlord, which also requested anonymity, in the lease negotiations.

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AcquisitionsIllinoisIndustrialMidwest

MAG Capital Partners Acquires 240,000 SF Manufacturing Facility in Metro Chicago

by Kristin Harlow

CHICAGO HEIGHTS, ILL. — MAG Capital Partners has acquired a 240,000-square-foot property that serves as the primary headquarters and manufacturing facility for Applied Acoustics International (AAI), a VisTech Manufacturing Solutions business and portfolio company of Angeles Equity Partners. AAI is a Tier 1 supplier of noise, vibration and harshness solutions to the North American automotive industry, producing damper and barrier products for new automobiles since 1986. Situated on 15.8 acres with onsite rail access, the property is located at 1001 State St. in Chicago Heights. Vishal Vinjani and Ben Markiles of Resolute Structured Capital arranged financing on behalf of MAG Capital Partners. Surmount’s Mark Masino represented the seller, a local family office.

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AcquisitionsIndustrialLoansMidwestMinnesota

MMCC Secures $4.8M Acquisition Loan for Minnesota Industrial Property

by Kristin Harlow

ALBERT LEA, MINN. — Marcus & Millichap Capital Corp. (MMCC) has secured a $4.8 million loan for the acquisition of a 127,869-square-foot industrial property located at 1851 Margaretha Ave. in southern Minnesota’s Albert Lea. Michael Hughes of MMCC arranged the five-year loan with a national bank on behalf of the buyer. The nonrecourse loan features a 5.3 percent interest rate and 25-year amortization period. The property is currently leased to Green Bay Packaging, a sustainable packaging manufacturer with over 40 locations throughout the United States.

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5514-152nd-St-E-Puyallup-WA
AcquisitionsIndustrialSelf-StorageWashingtonWestern

Colliers Brokers $18.4M Sale of Sunset Self Storage Facility in Puyallup, Washington

by Amy Works

PUYALLUP, WASH. — Colliers has brokered the $18.4 million sale of Sunset Self Storage, a newly constructed facility located at 5514 152nd St. E in Puyallup, a suburb of Tacoma. An entity doing business as BVDSS Puyallup Owner LLC sold the asset to Mitchell RE Holdings LLC. Completed in 2025, Sunset Self Storage features climate-controlled units, multistory elevator access, modern security systems and a variety of storage options. The asset offers direct access to state routes 512 and 167 and I-5. Jacob Becher and Nate Fliflet of Colliers represented the buyer and seller in the transaction.

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AcquisitionsIndustrialSelf-StorageTexas

Versal Negotiates Sale of 93-Unit Self-Storage Facility in The Colony, Texas

by Taylor Williams

THE COLONY, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of a 93-unit facility in The Colony, located north of Dallas. LifeSmart Storage operates the facility, which totals 9,300 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster, Hugh Horne and Kirk Silas of Versal represented the seller and procured the buyer, both of which were Texas-based limited liability companies, in the transaction.

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Twinwood-Distribution-Center-III-Brookshire
AcquisitionsIndustrialTexas

JLL Negotiates Sale of 767,520 SF Industrial Building in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — JLL has negotiated the sale of Twinwood Distribution Center III, a 767,520-square-foot industrial building in the western Houston suburb of Brookshire. Built in 2024, the property features 40-foot clear heights, 179 dock-high doors, 185-foot truck court depths and approximately 2,600 square feet of office space. Trent Agnew, Charlie Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the seller, local owner-operator, Clay Development & Construction Inc., in the transaction. The buyer was Bridge Logistics Properties. Twinwood Distribution Center III was fully leased at the time of sale to an undisclosed provider of logistics services.

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AcquisitionsIndustrialMidwestOhio

Brennan Investment Group Buys 140,000 SF Industrial Facility in Dayton, Ohio

by Kristin Harlow

DAYTON, OHIO — Brennan Investment Group has purchased a 140,000-square-foot industrial facility in Dayton within the Springboro South submarket. The property sits minutes from the I-75 and Austin Landing interchange. Constructed in 2000 on approximately 12 acres, the modern precast facility includes 125 parking spaces with the flexibility to accommodate future trailer parking if needed. At closing, the property will be fully leased under a long-term net lease to Killer Brownie, an Ohio-based dessert manufacturer.

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2290-De-La-Cruz-Blvd-Santa-Clara-CA
CaliforniaIndustrialLoansWestern

Gantry Arranges $9.6M Loan for Refinancing of Santa Clara Industrial Property

by Amy Works

SANTA CLARA, CALIF. — Gantry has arranged a $9.6 million permanent loan for the refinancing of a two-building, infill light industrial property in Santa Clara. Tony Kaufmann and Jake Davis of Gantry represented the borrower, a private real estate investor, in the transaction. The 10-year, fixed-rate, nonrecourse loan was secured from one of Gantry’s correspondent insurance company lenders with a 30-year amortization schedule. Gantry will service the loan for the lender. Located at 2290 De La Cruz Blvd., the property features 37,600 square feet spread across two buildings, inclusive of a recently constructed 11,500-square-foot building addition. At the time of financing, the property was fully leased to a national auto collision repair business on a long-term agreement.

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