Industrial

Fairbanks-Landing-Houston

HOUSTON — Austin-based developer Freehill Co. has broken ground on an 809,220-square-foot industrial project in northwest Houston. The project, which represents Phase I of a larger development known as Fairbanks Landing, is a build-to-suit for Power Electronics, a manufacturer of solar inverters, electric vehicle chargers and other energy-oriented devices. Phase I will consist of two buildings that are expected to be complete in the third quarter of next year. Phase II of Fairbanks Landing will comprise two additional buildings totaling 834,720 square feet that will be developed on speculative bases and are slated for a fourth-quarter 2027 delivery. JLL is marketing Phase II for lease.

FacebookTwitterLinkedinEmail

DENVER — Colliers Denver Investment Services Group has arranged the sale of 4001 Holly Street, a multi-tenant industrial building on 2.5 acres in Denver’s North Central submarket. DMS Real Estate sold the asset to Watumull Properties Corp. for $8.5 million. T.J. Smith, Nick Rice and Brad Calbert of Colliers Denver Investment Services Group represented the seller in the deal. At the time of sale, the 53,740-square-foot property was fully leased to three tenants. The building is demised into five small-bay units, each with dock-high and drive-in loading, and includes a fenced, paved and lighted outdoor storage yard.

FacebookTwitterLinkedinEmail
Levey-East-Belt-Houston

HOUSTON — Levey Group will develop a 445,750-square-foot industrial project in northeast Houston that will be known as Levey East Belt. The locally based owner-operator has assembled 30 acres at the intersection of Beltway 8 and Tidwell Road with plans to construct a 270,400-square-foot front-load building and two rear-load buildings spanning  131,250 and 44,10 square feet. Levey expects to complete the permitting and approvals process in the first quarter of next year and to spend about 11 months constructing the project, putting delivery on track for early 2028. Cushman & Wakefield is marketing the project for lease.

FacebookTwitterLinkedinEmail

WEST CHESTER, OHIO — CBRE has arranged the $8 million sale of Liberty Office Park, a 76,501-square-foot flex industrial property in West Chester. Boulder Properties LLC purchased the asset from Wang Brothers Investments LLC. CBRE’s Will Roberts, Steve Timmel and Beau Nimer represented the seller. At the time of sale, the property was fully occupied by five tenants with an average tenure of nearly 10 years. Built in 2007, the facility features eight docks, one drive-in door and a clear height of 19 feet.

FacebookTwitterLinkedinEmail

DALLAS — Marco Awards Group, wholesale trophy component distributor, has purchased a 49,982-square-foot industrial building in southwest Dallas. According to LoopNet Inc., the building at 4443 Bronze Way was constructed on 4.2 acres in 1982 and features 21.5-foot clear heights. Ryan Hartsell and Chase McAteer of Houston-based brokerage firm Oxford Partners represented the buyer in the transaction. Caleb McCoy of JLL represented the undisclosed seller.

FacebookTwitterLinkedinEmail
Airport-Logistics-Center-Philadelphia

PHILADELPHIA — Cushman & Wakefield has arranged $153 million in construction financing for Phase I of Airport Logistics Center, a roughly 1 million-square-foot industrial project that will situated on a 66-acre site adjacent to Philadelphia International Airport. Building features will include 240 dock doors and parking for 704 cars and 209 trailers. Completion is slated for early 2028. The sponsor is a partnership between Ivy Realty and Lubert-Adler Real Estate Funds, and the package includes both debt and equity, though specific amounts of each piece were not disclosed. John Alascio, Chuck Kohaut, T.J. Sullivan, Aaron Graves, Andrew Merin, Gary Gabriel, Kyle Schmidt and Seth Zuidema of Cushman & Wakefield arranged the floating-rate construction loan through TPG Real Estate Credit. The team also advised on the structuring of the equity for the project.

FacebookTwitterLinkedinEmail

CANAL WINCHESTER AND COMMERCIAL POINT, OHIO — Colliers has negotiated the sales of two Class A industrial facilities totaling 404,088 square feet in metro Columbus. The properties, located at 10013 Busey Road in Canal Winchester and 161 Kenmore Blvd. in Commercial Point, were both developed by Tenby Partners in 2023. Private investors acquired the assets in separate transactions. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel and Jonathan Schuen of Colliers represented Tenby in the sales. The building in Canal Winchester totals 209,656 square feet and features a clear height of 32 feet, 15 dock doors, three drive-in doors, 14,014 square feet of office space and 210 auto parking spaces across a 12-acre site. The facility is fully leased to three tenants operating in third-party logistics, healthcare and steel distribution. Rickenbacker Exchange at Commercial Point spans 194,432 square feet and features clear heights ranging from 32 to 34 feet, 18 dock doors, two drive-in doors and 192 auto parking spaces across a 15.3-acre site. The facility is fully leased to ServeOne America and Fasteners.

FacebookTwitterLinkedinEmail

BARTLETT, ILL. — SAMPA USA is expanding its Midwest presence with a new 62,000-square-foot facility at 2305 Kenyon Road in Bartlett. SAMPA USA, a Turkish company, will relocate from Romeoville and will utilize the new location as its Midwest distribution hub. Dan Brown of Brown Commercial Group represented the developer and owner, Cratos Industrial, in the lease. The space is part of Blue Heron 160, a three-unit industrial building totaling 166,573 square feet that is now fully leased. Additional tenants include Illinois Tool Works and Clarke Packing & Crating. The new space for SAMPA USA expands its operating footprint by 48 percent.

FacebookTwitterLinkedinEmail
Sordoni-Pull-Quote

SALEM TOWNSHIP, PA. — The Salem Township Board of Supervisors has approved a 4,466-acre data center overlay district in northeastern Pennsylvania. The vote represents another cleared hurdle to bringing an energy and digital infrastructure campus with a total power capacity of 4 gigawatts to Luzerne County. The approval follows the Salem Township Planning Commission’s unanimous recommendation that 194 local families continue to pursue a potential $1.4 billion land sale involving nearly 4,500 acres of working and retired farms, family homesteads and other properties. That acreage would become the future home of the data center campus known as Salem 3. Under the currently proposed terms, the campus would also feature other uses, including a $12 million micro hospital and a community park, in addition to other natural green spaces that would be preserved. Construction could support as many as 2,000 new jobs. According to 4-3 Glennbrook Group, a landowner advocacy group that is representing the 194 families, the plan for Salem 3 builds on the township’s longstanding role as an energy-producing community, pairing existing energy infrastructure with a new generation of data center and digital infrastructure investment. The 4-3 Glennbrook Group team also handled the land assemblage for the existing Salem …

FacebookTwitterLinkedinEmail

Supply constraint has been the story of the greater New Orleans industrial market for the past seven to 10 years. Institutional capital is reluctant to develop new projects in smaller markets, despite national demand trends. In 2026, it seems as if the story is being rewritten by science fiction writers who are focused on a future of AI and space travel.   In the near term, brokers and owners still face limited Class A inventory and single-digit vacancy rates.  The longer view shows Louisiana’s natural resources attracting significant investment, including SpaceX’s Starbase, Louisiana in Vermilion Parish, North Louisiana’s hyperscaler data center build-out and river corridor manufacturing and port milestones driving logistics, contractor and staging demand across South Louisiana.  National trends of high borrowing costs, elevated construction pricing and high insurance premiums continue to keep speculative builds rare and expansions slow. Triple-net rental rates are in the range of $8 to $12 per foot across South Louisiana markets, with newer product easily garnering the higher end of the scale as tenants have few modern options as only a handful of developers have been willing to invest capital to build speculatively in these markets to take advantage of the supply/demand disconnect.  Against …

FacebookTwitterLinkedinEmail
Newer Posts