Industrial

Joint Venture to Develop 749,016 SF Industrial Project Near Houston Airport

by Taylor Williams November 12, 2026

HOUSTON — A joint venture between two Houston-based groups, Transwestern Investments and Hanover Co., will develop Rankin 59, a 749,016-square-foot industrial project in North Houston. The site is located at the corner of Rankin Road and U.S. Highway 59/I-69, adjacent to George Bush Intercontinental Airport. The development will consist of a single cross-dock facility with 40-foot clear heights, 130- to 185-foot truck court depths, 106 dock doors and parking for 429 cars and 140 trailers. Construction is expected to begin in January and to last about 12 months.

November 12, 2026

Development Industrial New York Northeast Self-Storage

CubeSmart to Open 949-Unit Self-Storage Facility in Yonkers, New York

by Taylor Williams November 12, 2026

YONKERS, N.Y. — CubeSmart will open a 949-unit self-storage facility in Yonkers, located north of New York City. New York-based Cayre Equities is developing the facility at 1060 Nepperhan Ave., and construction has now passed the midpoint and is expected to be complete in the second or third quarter of next year. Miami-based lender 3650 Capital provided a $24 million construction loan for the project that carried a 36-month term with a six-month extension option. David Eyzenberg of Eyzenberg & Co. arranged the loan on behalf of the developer.

November 12, 2026

Acquisitions Industrial Massachusetts Northeast Self-Storage

Marcus & Millichap Brokers Sale of 717-Unit Self-Storage Facility in Malden, Massachusetts

by Taylor Williams November 12, 2026

MALDEN, MASS. — Marcus & Millichap has brokered the sale of a 717-unit self-storage facility in Malden, located north of Boston. Extra Space Storage operates the facility, which totals 74,795 net rentable square feet and was roughly 91 percent occupied at the time of sale. Nathan Coe, Gabriel Coe, Brett Hatcher and Thomas Shihadeh of Marcus & Millichap represented the seller, Calare Properties, in the transaction and procured the buyer, Hearthfire Holdings. The sale also included a 25,095-square-foot warehouse that is fully leased to Canadian logistics company UniUni and a 3,400-square-foot kiosk.

November 12, 2026

Alabama Development Industrial Southeast

Helix Electric Breaks Ground on 1.2 MSF Advanced Fabrication Campus in Hollywood, Alabama

by John Nelson November 12, 2026

HOLLYWOOD, ALA. — Helix Electric Inc., a national electrical contractor, has broken ground on the first phase of a 1.2 million-square-foot advanced fabrication campus in Hollywood, a northeast Alabama city in Jackson County. Phase I will span 300,000 square feet of modular space and will be complete in 2028. Helix Electric will employ more than 150 people in the first phase and will produce prefabricated electrical components for users in several industries, including data centers, advanced manufacturing, multifamily and commercial real estate.

November 12, 2026

Acquisitions Indiana Industrial Midwest

Marcus & Millichap Negotiates $18.1M Sale of Flex Industrial Campus in Indianapolis

by Kristin Harlow November 12, 2026

INDIANAPOLIS — Marcus & Millichap has negotiated the $18.1 million sale of Directors Row Business Center, an eight-building office and flex industrial campus in Indianapolis. Gus Poulos and Forest Bender of Marcus & Millichap represented the seller, South Carolina-based Ziff Real Estate Partners. Bender and Zach Rogers, also from The Bender Group out of the firm’s Indianapolis office, procured the Michigan-based buyer. Located at the entrance to Park Fletcher near Indianapolis International Airport, Directors Row Business Center comprises 214,200 square feet across six industrial buildings and two office buildings. The campus features 39 suites and is 91 percent occupied.

November 12, 2026

Data Centers Development Industrial Texas

Amazon to Open Data Center Campus in Glen Rose, Texas, Create 550 Jobs

by Taylor Williams November 11, 2026

GLEN ROSE, TEXAS — Amazon plans to open a data center campus in Glen Rose, about 55 miles southwest of Fort Worth, an initiative that the Seattle-based conglomerate says will create about 550 new full-time jobs. The acreage of the site and total power capacity of the campus were not disclosed, but Data Center Dynamics reported earlier this year that according to a tax abatement application filed by Amazon, the project “could total up to 18 two-story buildings across some 435 acres and some $5 billion invested.” Those figures were also reported by Crypto Briefing in early November, at which time that outlet also reported that the campus would be known as Project Spectrum and was tied to a power purchase agreement of up to 1,200 megawatts.

November 11, 2026

Development Industrial Texas

HLCI Breaks Ground on 191,768 SF Industrial Project in Northwest Houston

by Taylor Williams November 11, 2026

HOUSTON — Holt Lunsford Commercial Investments (HLCI), the investment and development arm of the Dallas-based brokerage firm of the same name, has broken ground on The Bend at 249, a 191,768-square-foot industrial project in northwest Houston. The site spans 14.4 acres along State Highway 249, and the development will consist of a single rear-load building with 36-foot clear heights, drive-in ramps with oversized doors, 44 dock-high doors and 61 trailer parking stalls. HLCI has tapped CBRE to market the project for lease. Construction is expected to be complete in the second quarter of next year.

November 11, 2026

Industrial Loans New Jersey Northeast

Faropoint Receives $474M Loan for Refinancing of National Industrial Portfolio

by Taylor Williams November 11, 2026

HOBOKEN, N.J. — New Jersey-based investment firm Faropoint has received a $474 million loan for the refinancing of a national portfolio of 85 industrial buildings. The addresses of the buildings were not disclosed, but the portfolio spans 12 states, with concentrations in the Chicago, Philadelphia and New York/Northern New Jersey markets. Truist Bank and Capital One co-provided the debt, with the $474 million representing an initial advance and the lenders committing an additional $84 million that will be available through an earn-out and holdback as the portfolio’s net operating income (NOI) increases. The loan also includes an accordion feature of up to $700 million to fund new properties and/or further earn-out beyond the $557 million as NOI increases and valuations grow.

November 11, 2026

Development Georgia Industrial Southeast

Prologis Breaks Ground on 1.3 MSF Logistics Facility in Jackson, Georgia

by John Nelson November 11, 2026

JACKSON, GA. — Prologis has broken ground on a nearly 1.3 million-square-foot cross-dock logistics facility at Prologis 75 Commerce Center in Jackson, a city southwest of Atlanta in Butts County. The development sits in Atlanta’s I-75 South submarket and will feature 42-clear heights, 258 dock doors, four drive-in doors, a 190-foot truck court, parking for more than 500 cars and 600 trailers, 70-foot speed bays, an 8-inch reinforced slab and two 4,000-amp connections. Prologis is pursuing LEED Silver certification for the project, which will have the capacity for both solar arrays and electric vehicle parking.

November 11, 2026

Northern-Parkway-Logistics-Center-Glendale-AZ

Arizona Industrial Loans Western

Panattoni Receives $58.7M Refinancing for Northern Parkway Logistics Center in Glendale, Arizona

by Amy Works November 11, 2026

GLENDALE, ARIZ. — Panattoni Development Co. has received $58.7 million in refinancing for Northern Logistics Center, a Class A industrial portfolio in Glendale. Jason Carlos, Frank Choumas, Ross Jorgensen and Andrew Mings of JLL Capital Markets secured the three-year, floating-rate loan through Mesa West Capital for the borrower. Completed in 2025, Northern Parkway Logistics Center features 445,187 square feet of industrial space spread across three buildings at 12815 W. Northern Ave. and 12795 W. Northern Ave. The property features 32- to 36-foot clear heights, 73 dock-high doors, eight grade-level doors, heavy power capabilities ranging from 3,000 to 6,000 amps, ESFR sprinkler systems, 62 trailer parking stalls and 451 vehicle parking spaces. The buildings are designed to accommodate both single-tenant and multi-tenant users. At the time of financing, the property was 57.9 percent leased.

November 11, 2026

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