DALLAS — Developer IAC Properties has completed an approximately 435,000-square-foot speculative industrial project in South Dallas. IAC Beckleymeade is a two-building development that sits on a 28.2-acre site. The buildings total 234,900 and 199,800 square feet and include 81 dock doors and 5,500 square feet of office space. Azimuth Architecture designed the project, and Krusinski Construction Co. served as the general contractor. Construction began last summer.
MCKINNEY, TEXAS — A partnership between Outrigger Industrial and Boston-based Longpoint Partners has sold a 304,576-square-foot industrial building in McKinney, located north of Dallas. The building at 400 Harry McKillop Blvd., which is known as M-75 Commerce Center, was completed in 2024 and was fully leased to a single tenant at the time of sale. Building features include 36-foot clear heights, a cross-dock configuration and climate-controlled space. The buyer and sales price were not disclosed.
SUGAR LAND, TEXAS — Applied Optoelectronics Inc. (NASDAQ: AAOI), a provider of advanced optical and hybrid fiber coax networking products, will open a 210,000-square-foot manufacturing facility in Sugar Land, a southwestern suburb of Houston. The initiative represents a capital investment of about $150 million and is expected to add about 500 new jobs to the local economy over the next five years. The facility is expected to be operational by summer 2026.
HOUSTON — Cushman & Wakefield has brokered the sale of Chisholm Trail Business Center, a two-building, 86,904-square-foot industrial property in North Houston. The rear-load buildings feature 18-foot clear heights and a mix of dock-high, semi-dock and ramp-access doors. Jim Carpenter, Jud Clements, Robby Rieke, Emily Brandt, David Munson and Trevor Berry of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was Entrada Partners. The property was 86 percent leased at the time of sale.
RICHMOND, VA. — Cushman & Wakefield has arranged the sale and financing of Eastport Industrial Park, a nearly 1.1 million-square-foot industrial portfolio in Richmond. Rockpoint purchased the property from Equus Capital Partners for $142 million. Jonathan Carpenter, Graham Savage, Dawes Milchling and James Check of Cushman & Wakefield, alongside Eric Robison and Bo Mckown of Cushman & Wakefield | Thalhimer, represented the seller in the transaction. John Alascio, T.J. Sullivan, Chris Meloni and Michael Zelin, also with Cushman & Wakefield, arranged acquisition financing through an unnamed global alternative investment firm on behalf of Rockpoint. Situated near the Richmond International Airport, Eastport Industrial Park comprises eight buildings with 25-foot clear heights, 182 loading positions and modern infrastructure to support a diverse tenant base. The property was 97 percent leased to 19 tenants at the time of sale.
ADAIRSVILLE, GA. — JLL Capital Markets has secured $71.7 million in refinancing for Gordon Logistics Center, a roughly 1 million-square-foot advanced manufacturing facility located in Adairsville, about 60 miles northwest of Atlanta via I-75. Peter Rotchford, Bobby Norwood, David Sitt, Christopher Pratt, Hamp Gibbs and Streeter Simmons of JLL arranged the floating-rate, two-year loan through Benefit Street Partners on behalf of the borrower, Thor Equities. The loan includes three, one-year extension options. Delivered in 2023, Gordon Logistics Center features 40-foot clear heights, 179 dock-high doors, four drive-in doors, 200 trailer parking spaces (expandable to 306), 393 car parking spaces (expandable to 567), a 185-foot truck court depth and 5,095 square feet of built-out office space. The property is also situated in close proximity to the Georgia Port Authority’s Appalachian Regional Port, which offers direct rail connection with the Port of Savannah.
NAMPA, IDAHO — Walseth Investment Co. has acquired Building B at Madison Logistics Center, a three-building logistics center in Nampa, from a regional developer for an undisclosed price. Situated on 5.9 acres at 16685 Madison Road, the 115,008-square-foot Building B features 5,000 square feet of office space, a clear height of 32 feet, 28 dock-high doors, four grade-level doors, 155 parking stalls and 2,000 amps and 480V 3-phase power. The facility, which was completed in 2023, offers divisible suite options for tenant flexibility. Michael McNeight and Devin Ogden of Colliers represented the seller and are leading leasing efforts for the property. Nick Viscount of Keystone Mortgage arranged debt financing with a life company lender for the buyer.
WOOD DALE, ILL. — Tolead Logistics USA Inc. has signed a long-term lease for 160,000 square feet of industrial space at 640 N. Central Ave. in the Chicago suburb of Wood Dale. The tenant provides fashion, electronics and e-commerce logistics solutions. The building features a clear height of 32 feet, 38 exterior docks and two drive-in doors. Ryan Mullins and Frank Damato of Core Industrial Realty represented the tenant, while Kevin Segerson and Genna Ohrn of CBRE represented the undisclosed landlord.
AUBURN HILLS, MICH. — Bernard Financial Group (BFG) has arranged a $13.6 million construction loan for a self-storage project in Auburn Hills. Adam Ferguson of BFG arranged the loan with a banking institution. The borrowing entity was Opdyke/S Blvd Self-Storage LLC & 975 Opdyke II LLC.
MCKINNEY, TEXAS — Kansas City-based developer VanTrust Real Estate will develop a 511,202-square-foot industrial project in McKinney, located north of Dallas. The project represents Phase I of a larger, 42-acre development known as 121 Commerce Park. Phase I will consist of two buildings that will span 241,561 and 269,641 square feet. Project partners include Evans General Contractors, architect GSR Andrade, civil engineer Kimley-Horn and leasing agent JLL. Construction of Phase I is expected to begin in the second quarter of 2026 and to last about a year.
