Wednesday, September 2, 2026
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Industrial

Park303-Phase-2-BldgsAB-Glendale-AZ
AcquisitionsArizonaIndustrialWestern

Lincoln Sells Final Two Industrial Buildings in Park303 Logistics Park in Glendale, Arizona for $170.2M

by Amy Works

GLENDALE, ARIZ. — Lincoln Property Co. has sold the final two industrial buildings at Park303 logistics park in Glendale. Nuveen Real Estate, a leading global investment manager, acquired the assets for $170.2 million. The transaction represents the last of the four buildings sold at Park303, a 210-acre, 3.75 million-square-foot logistics campus along Loop 303 freeway and Glendale Avenue. This transaction includes Park303 Phase 2 – Building A, totaling 629,835 square feet and fully leased to DHL, and Park303 Phase 2 – Building B, totaling 483,000 square feet and fully leased to Logisticus Group LLC. Completed in 2025, Park303 Phase 2 includes three buildings totaling 2.5 million square feet. The phase’s Building C sold in October 2025 to Dollar Tree $147 million. Completed in late 2020, Park303 Phase 1 totals 1.25 million square feet and is fully occupied under a long-term lease by Walmart. The building was purchased by BentallGreenOak in 2021 for $186 million. Buildings at Park303 feature 40-foot clear heights, 25-foot tall glass entries, up to 12,000 amps of power, 7-inch slabs over 4 inches of crushed rock and a steel moment frame shear bracing needed to support highly modern, automated racking and picking equipment. Additionally, large 5-foot by …

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AcquisitionsIndustrialMidwestMinnesota

IRG Acquires 422,727 SF Distribution Facility in St. Paul, Minnesota

by Kristin Harlow

ST. PAUL, MINN. — Industrial Realty Group LLC (IRG) has acquired a 422,727-square-foot industrial facility located at 411 Farwell Ave. in South St. Paul. The property formerly served as the headquarters of The Sportsman’s Guide, an online and catalog retailer. Situated on 19 acres, the asset features 392,727 square feet of warehouse space and 30,000 square feet of office space. The facility is fully available for occupancy, creating an opportunity for IRG to reposition and market the property to industrial users. The development features cross-dock loading on three sides, 36 dock-high doors, two drive-in doors, a 110-foot truck court, a clear height of 22 feet and substantial employee parking. The site also includes an existing Union Pacific rail spur and rail doors, with activation required for future rail service.

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AcquisitionsIllinoisIndustrialMidwest

SVN Chicago Commercial Arranges $25.5M Sale of Industrial Property in Lake Zurich

by Kristin Harlow

LAKE ZURICH, ILL. — SVN Chicago Commercial has arranged the $25.5 million sale of a 210,000-square-foot industrial property located at 1275 Ensell Road in Lake Zurich. Paul Cawthon and Angelo Labriola of SVN represented the seller. Lyman Phillips and Jeff Feldman of Golden Lion Capital represented the buyer, Cardinal Industrial, led by Michael McFarland and Thomas Homco. The transaction included a newly executed, five-year net lease with GereMarie Corp., the facility’s longtime occupant. The lease includes additional renewal options and is corporately guaranteed by Patrick Industries Inc., the publicly traded parent company of GereMarie. Situated on 8.5 acres, the facility features substantial manufacturing infrastructure, including 10,000 amps of power, reinforced concrete floors, a fully air-conditioned production environment, updated loading docks and newer HVAC and LED lighting systems. GereMarie has occupied the property since 2010 and has completed four major expansions at the site.

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AcquisitionsIndustrialNew JerseyNortheastOffice

Legacy Real Estate Sells 126,108 SF Industrial, Office Building in Dover, New Jersey

by Taylor Williams

DOVER, N.J. — Locally based owner-operator Legacy Real Estate Developers has sold a 126,108-square-foot industrial and office building located in the Northern New Jersey community of Dover. The building at 570 Mount Pleasant Ave. formerly housed the American headquarters operations of watchmaker Casio. Elli Klapper of CBRE represented Legacy, which acquired the building last fall in partnership with Saddleback Real Estate Developers and Commerce Park Investors, in the transaction. Dan Whitehead of Resource Realty represented the buyer and future occupant, logistics group Z Transportation Inc.

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AcquisitionsIndustrialNew JerseyNortheast

NAI DiLeo-Bram Brokers $13.1M Sale of Industrial Flex Building in Kenilworth, New Jersey

by Taylor Williams

KENILWORTH, N.J. — NAI DiLeo-Bram (NAIDB) has brokered the $13.1 million sale of a 26,000-square-foot industrial flex building in the Northern New Jersey community of Kenilworth. Completed in 2024, the building at 651 Michigan Ave. consists of 16,000 square feet of warehouse space and 10,000 square feet of office space. Magni America, a provider of telescopic handlers, sold the building to New York-based investment firm Ridgecut Road. Richard Goski, Catherine Goski-Vasquez, Kyle Gerace and Christopher Chiusolo of NAIDB brokered the deal.

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DevelopmentIndustrialKentuckySoutheast

RSA Properties to Develop 130,000 SF Industrial Facility for Camco Chemical in Northern Kentucky

by John Nelson

INDEPENDENCE, KY. — RSA Properties LLC plans to develop a 130,000-square-foot warehouse and distribution center for Camco Chemical in northern Kentucky. The build-to-suit facility will be situated within the tenant’s existing campus on Holton Drive in Independence on a site that once housed an IRS facility. The design-build team includes general contractor Furlong Building. Camco Chemical has had a presence in Independence for the past 65 years. The construction timeline of the new facility was not disclosed.

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GeorgiaIndustrialLeasing ActivitySoutheast

Corvant Signs 113,865 SF Industrial Lease in Douglasville, Georgia

by John Nelson

DOUGLASVILLE, GA. — Corvant, an HVAC and mechanical plumbing manufacturer, has signed a full-building lease at LogistiCenter at Bright Star, a 113,865-square-foot industrial facility in Douglasville, a western suburb of Atlanta. The landlord, Dermody, recently delivered the rear-load facility, which features 32-foot clear heights, a 60-foot speed bay, 28 dock-high doors, two drive-in doors, approximately 90 automobile parking spaces and ESFR fire protection. Mason Marsteller of Hughes Commercial Real Estate represented Dermody in the lease negotiations. Angie Henry of The Realty Group represented Corvant.

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DevelopmentGeorgiaIndustrialSoutheastTop Stories

Walmart to Open 1.5 MSF Fulfillment Center, Invest $1.3B in Northeast Georgia

by Kristin Harlow

CARNESVILLE, GA. — Walmart Inc. (NASDAQ: WMT) has unveiled plans to build a fulfillment center in Carnesville, a city located about 85 miles from Atlanta in northeast Georgia. The project, which is expected to create 1,000 new jobs, comes as part of a larger, $1.3 billion capital investment in Franklin County. The 1.5 million-square-foot automated facility will be located within Franklin 85 Logistics Center. Construction is expected to begin later this year. According to Walmart, the company’s next-generation fulfillment centers are located in strategic markets to expand same-day and next-day shipping capabilities across the country. “As customer expectations continue to evolve, investments like our new fulfillment center in Carnesville help us deliver the speed, convenience and reliability customers count on,” says Karisa Sprague, senior vice president of supply chain for Walmart U.S. The Georgia Department of Economic Development worked on the project in partnership with the Franklin County Industrial Building Authority, Georgia EMC and Georgia Quick Start. The Arkansas-based retail giant’s presence in Georgia includes 209 Walmart stores and Sam’s Clubs as well as 11 supply chain facilities employing more than 65,300 associates across the state. With fiscal year 2026 revenue of $713 billion, Walmart employs approximately 2.1 million associates …

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 277-Unit Self-Storage Facility in Athens, Texas

by Taylor Williams

ATHENS, TEXAS — Marcus & Millichap has brokered the sale of North Loop Mini Warehouses, a 277-unit self-storage facility in Athens, about 75 miles southeast of Dallas. The facility was built on 7.6 acres in 1994 and spans 53,812 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a local family, in the transaction and procured the buyer, a California-based private investor. Both parties requested anonymity.  

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AcquisitionsIndustrialTexas

Finial Group Acquires 21,500 SF Industrial Building in North Houston

by Taylor Williams

HOUSTON — Locally based brokerage and investment firm Finial Group has acquired a 21,500-square-foot industrial building in North Houston. The building at 15375 Vantage Parkway E features 20-foot clear heights, two grade-level doors and four dock-high doors. The building was leased to Williams Insulation at the time of sale. The seller and sales price were not disclosed.

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