MCKINNEY, TEXAS — LITEON Technology Corp., a provider of power management and AI (artificial intelligence) infrastructure solutions, will invest $919 million for a new manufacturing campus in McKinney, located north of Dallas, that is expected to add about 600 new jobs to the local supply. LITEON has purchased more than 650,000 square feet of existing industrial space within Core5 Logistics Center, a newly developed industrial park, and plans to undertake capital improvements prior to hiring and commencing operations. LITEON collaborated with both the City of McKinney and the McKinney Economic Development Corp. to facilitate the deal, and leaders from those organizations say that “the investment strengthens McKinney’s growing base of high-tech employers, expands opportunity for residents and adds meaningfully to the city’s long-term tax base.”
MIDDLEBOROUGH, MASS. — REXA Inc., a provider of engineered process control solutions, is nearing completion of a 110,000-square-foot manufacturing facility in Middleborough, located south of Boston. REXA purchased a parcel within The Campus at Canopy Drive, an approximately 700,000-square-foot development owned by VMD Cos., in fall 2025 for $6.6 million. The facility features a clear height of 28 feet and 20,000 square feet of office space. CBRE is the leasing agent for The Campus at Canopy Drive.
WOODBRIDGE, VA. — Newmark has negotiated the $132 million sale of Featherstone Industrial Park, a 13-building, 734,606-square-foot industrial property in Woodbridge, a city in Northern Virginia that sits about 23 miles from Washington, D.C. The park is located about three miles from I-95 and was fully leased to 45 tenants at the time of sale. The acquisition includes industrial outdoor storage (IOS) and redevelopment opportunities. Ben McCarty, Cris Abramson, Will Bradley, Dustin Volz and Nick Signor of Newmark represented the undisclosed seller in the transaction. The buyer was also not released, but Washington Business Journal reports that an affiliate of Boston-based TA Realty purchased the park from Rosenthal Properties and Stockbridge.
JOLIET, ILL. — Mapletree Investments has broken ground on a 419,520-square-foot speculative industrial facility in Joliet. Completion of the 29-acre project is slated for the first quarter of 2027. Situated along the I-80 and I-55 interchange, the development will provide direct connectivity to the Joliet Intermodal Center, North America’s largest inland port that is home to the Union Pacific and BNSF Joliet Intermodal Terminals. The property will feature a clear height of 40 feet, 78 dock doors, four drive-in doors, 172 car parking spaces and 97 trailer stalls. Singapore-based Mapletree currently owns and operates approximately 9.8 million square feet of industrial assets in Chicagoland. The group’s broader U.S. logistics footprint totals more than 60 million square feet. The project team includes Keeley Construction and Colliers.
MINNEAPOLIS — Transwestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities. The transaction adds 12 healthcare, office and industrial tenant advisory team members and a broad property management portfolio. Established in 2021 through the merger of Excelsior Advisory and Paramount Real Estate Corp., Forte provides brokerage and property services across the Twin Cities region. Founders Steve Brown, Jim Jetland and Philip Simonet will join Transwestern, bringing decades of experience and knowledge across healthcare, office and industrial real estate, respectively. Forte has advised clients on more than $885 million in transactions and managed nearly 1 million square feet of commercial property. Following the acquisition, Transwestern maintains roughly 475 team members across the Midwest and oversees more than 52 million square feet of office, industrial, healthcare, retail and government properties. The Forte team will join Transwestern’s Minneapolis office at 705 Marquette Ave.
REDDING, CALIF. — Panattoni Development Co. has completed a 95,000-square-foot Amazon delivery station within Stillwater Business Park in the Northern California town of Redding. The logistics space is located at 5855 Venture Parkway. Panattoni worked in coordination with Shasta Economic Development Corp. and the City of Redding to deliver the facility within Stillwater Business Park.
FORT WORTH, TEXAS — Hawk Logistics has signed a 26,707-square-foot industrial lease in East Fort Worth. The space is located within Building 1 of the Riverbend East development. Tomas Wilson, Alex Wilson and Mark Graybill of Lee & Associates represented the tenant in the lease negotiations. Steve Trese and Brian Gilchrist of CBRE, along with Wilson Brown of HPI Real Estate Services & Investments represented the landlord, Leon Capital.
MCKINNEY, TEXAS — Lee & Associates has negotiated a 20,092-square-foot industrial lease in the northern Dallas suburb of McKinney. The space is located within Building 2 at McKinney Trade Center. Brett Lewis and Taylor Stell of Lee & Associates represented the tenant, Blount Fine Foods Corp., in the lease negotiations. Ken Wesson and Adam Graham, also with Lee & Associates, represented the landlord, Chicago-based ML Realty Partners.
LOS ANGELES — All Access Rentals has purchased a 34,664-square-foot industrial property located at 11640 Hart St. in the North Hollywood neighborhood of Los Angeles. The sales price was $7.8 million. Chris Nelson, Jacob Castro and Ben Turner of Matthews brokered the deal. The name of the seller was not released. The property features M2 zoning, clear heights ranging from 24 feet to 38 feet, three grade-level loading doors and a secured fenced yard. All Access Rentals, a construction equipment rental company, will use the property to expand its footprint into the Los Angeles market.
ORLANDO, FLA. — JLL Capital Markets has arranged the $56.1 million sale of Cypress Park, a 256,838-square-foot industrial property located along Satellite Boulevard in Orlando. Luis Castillo, Cody Brais, Taylor Osborne, David Orta Jr. and Mia Gian of JLL represented the seller, Herbert Management Corp., in the transaction. The buyer was Midtown Capital Partners. Situated directly off Florida’s Turnpike and U.S. Route 441 interchange near the Orlando International Airport, the five-building industrial property sits on roughly 23.4 acres and features 45 dock-high doors, 18 drive-in and grade-level doors, clear heights ranging from 20 to 22 feet and up to 100-foot truck court depths. At the time of sale, Cypress Park was 99 percent leased to 26 tenants across nine industries such as technology, manufacturing, building materials, construction, retail distribution, food-and-beverage, financial services and third-party logistics. Suite sizes range from 1,000 to 34,000 square feet.
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