ARLINGTON, TEXAS — JLL has negotiated the sale of a portfolio of three self-storage facilities totaling 669 units in Arlington. The facilities at 3016 S. Cooper St., 2331 S. Collins St. and 2306 N. Collins St. were all built in the 1970s and collectively span 80,216 net rentable square feet. Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL represented the seller, an undisclosed, publicly traded storage REIT, in the transaction. BreakChain Capital Investments purchased the portfolio for an undisclosed price.
TOMBALL, TEXAS — Locally based firm Newcor Commercial Real Estate has completed a 617-unit self-storage facility in Tomball, located northeast of Houston. The facility sits on a 5.1-acre site at 11110 Hufsmith Road and spans 87,970 net rentable square feet across 510 climate-controlled units, 93 non-climate-controlled units and 14 dedicated boat and RV storage spaces. RightMove Storage will operate the facility. A ribbon-cutting ceremony took place on Wednesday, June 17, and a larger opening celebration is planned for the fall.
GILBERT, ARIZ. — SunCap Property Group and Inclenberg Investments have broken ground on the final building at Gilbert Spectrum Business Park, an eight-building master-planned development a decade in the making. Slated for completion in second quarter 2027, the building will feature 101,000 square feet of speculative industrial space. Graycor is serving as general contractor for the building, with Lee & Associates Arizona handling leasing efforts for for the property. The project team includes Balmer Architectural Group and Bowman as civil engineer.
TEMPE, ARIZ. — Stos Partners has bought an industrial warehouse, located at 525 S. McClintock Drive in Tempe, from a private owner for $5.7 million. Situated on 2.6 acres, the property offers 40,023 square feet of industrial space. Built in 1975, the building features 14-foot clear heights, six grade-level loading doors, approximately 6,000 square feet of office space, HVAC throughout the warehouse and offices areas and more than 1,000 amps of power. Originally developed as a six-tenant industrial building, the property was most recently occupied by a single user. Stos Partners plans to implement a comprehensive renovation program to transform the Class B asset into a modern multi-tenant industrial facility designed to serve a range of small-bay warehouse users. Upon completion of renovations, the building will offer five to six suites ranging from 5,000 square feet to 12,500 square feet. Planned improvements will include construction of new speculative office space, reconfiguration of the warehouse into multiple tenant suites, upgrades to the parking lot, building façade and landscaping, warehouse enhancements, installations of new white scrim, HVAC replacements, roof resurfacing and new property signage. Jack Tate and Payton Kruidenier of Ross Brown Partners represented the buyer and seller in the transaction.
VOORHEES, N.J. — Doors & Spaces, a regional investment firm focused on small-bay industrial product, has purchased a 32,850-square-foot facility in Voorhees, located in Southern New Jersey’s Camden County. The sales price was $4.1 million. The facility was built on a 3.3-acre site at 476 Centennial Blvd. in 1987 and was fully leased at the time of sale to eight tenants. The seller was not disclosed.
BROWNSBURG, IND. — JLL Capital Markets has brokered the sale of Park 74 Commerce Center, a two-building industrial portfolio totaling 826,687 square feet in Brownsburg within metro Indianapolis. The portfolio includes a 580,884-square-foot cross-dock facility and a 245,803-square-foot rear-load building, both constructed in 2024. Building features include clear heights of 40 and 32 feet, 84 dock doors, ample trailer parking and connectivity to the CSX railway via an active rail spur. The properties are fully leased to three tenants representing abrasives manufacturing, electric motors and flexible film production. The assets provide immediate access to I-74 via Ronald Reagan Parkway. Sean Devaney, Kurt Sarbaugh, Ed Halaburt, Ross Bratcher, Cameron Chandra and Luke Davis of JLL represented the sellers, Brennan Investment Group and RGA ReCap Inc., on behalf of Reinsurance Group of America Inc. Brian Buschuk and Brian Seitz provided local market expertise out of JLL’s Indianapolis office. Buyer information was not provided.
For much of the past several years, commercial real estate investors have navigated a market defined by uncertainty. Interest rate volatility, inflation concerns, geopolitical tensions and shifting workplace trends have all contributed to an environment where predicting the next move can feel increasingly difficult. Against that backdrop, the Midwest continues to stand out for a different reason: stability. Across many Midwest markets, commercial real estate fundamentals have remained relatively balanced compared with other regions of the country. While some markets have experienced dramatic swings in pricing, development activity and occupancy levels, much of the Midwest has maintained a steadier trajectory. That consistency allows investors and operators to focus on executing long-term business plans rather than constantly reacting to market volatility. Stability Remains the Midwest’s Competitive Advantage One of the region’s greatest strengths is the balance between supply and demand. Unlike certain Sun Belt markets that have experienced significant waves of new development, many Midwest metros have avoided substantial oversupply. As a result, property owners have been able to continue implementing value-add strategies, improving operations and generating steady rent growth. Commercial real estate success is rarely built overnight. In many Midwest markets, returns are generated through disciplined management, operational efficiencies and …
HOUSTON — Transwestern has completed Imperial Crossing, a two-building, 321,104-square-foot industrial project located at the intersection of Richey Road and Imperial Valley Drive in North Houston. Building 1 totals 242,603 square feet and features a cross-dock configuration and 36-foot clear heights. Building 2 spans 78,501 square feet and has a front-load design and 32-foot clear heights. Both buildings can accommodate tenants with full-building requirements or spaces as small as 35,000 square feet. Transwestern is also the leasing agent for Imperial Crossing.
PORTLAND, TENN. — Manova Partners has acquired Gateway 65, a 306,280-square-foot industrial facility located along Vaughn Parkway in Portland, about 39 miles north of Nashville in Robertson County. The seller and sales price were not disclosed, but the property was listed on the website of local developer OTN Group. The facility features 36-foot clear heights, 10 loading doors (expandable to 45) and 4,500 amps of power. Built in 2025, the property is the North American headquarters of a global manufacturer of industrial guarding and safety solutions. The unnamed tenant occupies the facility on a 10-year lease, according to Manova Partners. The company was not disclosed, but local media outlets report that the tenant is Swedish-based Troax Group.
ROMEOVILLE, ILL. — Cawley Commercial Real Estate has brokered the sale of a newly constructed maintenance facility located at 1385 Joliet Road in Romeoville. Matt Garland of Cawley represented the buyer and seller and played a role in every state of the property’s evolution, from the original land sale through the disposition. Several years ago, Garland brokered the sale of the 4-acre parcel to KAB Properties. Upon completion of the development, KAB returned to Garland to market the asset for sale. Garland sourced the buyer, MW Express, a trailer repair and maintenance specialist that will use the facility to support its continued expansion in the Chicago market. Colleagues Andrew Maletich and Houston Brooke supported Garland throughout the transaction. Jandra Zitkevicius of Brick-by-Brick Realty provided additional representation for the seller. Completed in fourth-quarter 2025, the 27,500-square-foot property includes 19,950 square feet of warehouse space and 7,550 square feet of office space. It offers immediate access to I-55 and I-355.
Newer Posts