HOUSTON — Partners Capital, the investment arm of Partners Real Estate, has acquired a 198,290-square-foot, 13-acre industrial park in East Houston. Fidelity Road Industrial Park consists of three buildings that were originally constructed in 1980 and were leased to two tenants at the time of sale. Travis Land negotiated the deal for Partners on an internal basis. The seller was not disclosed. SouthState Bank provided acquisition financing for the deal.
FORT WORTH, TEXAS — Local brokerage firm LanCarte Commercial has arranged the sale of M&W Business Park, a 64,600-square-foot, small-bay industrial property in Fort Worth. Built in 2018 on the city’s northeast side, M&W Business Park comprises six buildings that were fully leased at the time of sale. Finn Wilson led the LanCarte team that represented the buyer, Transtar, in the transaction. The seller and sales price were not disclosed.
DALLAS — Leap Applied Behavioral Services has signed an 11,196-square-foot lease in southwest Dallas. According to LoopNet Inc., the building at 5510–5520 S. Westmoreland Road was constructed in 1985 and totals 20,357 square feet. Jason Gibbons of Finial Group represented the landlord in the lease negotiations on an internal basis. George Ndegwa of AARE Real Estate represented the tenant.
ALLENTOWN, PA. — Realterm, a Maryland-based investment manager focused on the transportation real estate industry, has purchased an industrial outdoor storage (IOS) facility in the Lehigh Valley city of Allentown. The site at 925 N. Godfrey St. spans 4.2 acres, includes a 27,407-square-foot warehouse and was fully leased at the time of sale to Student Transportation of America Inc. Ryan Cottone and John Plower of JLL represented the undisclosed seller in the transaction.
ROCKAWAY, N.J. — Resource Realty of Northern New Jersey has arranged a 30,131-square-foot industrial lease in Rockaway, about 35 miles west of New York City. According to LoopNet Inc., the building at 400 Forge Way was completed in 1986 and totals 73,131 square feet. Brian Wilson and Scott Peck of Resource Realty represented the landlord in the lease negotiations. The name and representative of the tenant were not disclosed.
ELK GROVE VILLAGE, ILL. — Entre Commercial Realty has arranged the sale of a 56,000-square-foot industrial building in Elk Grove Village. Brad Bullington and Ian Pattison of Entre represented the buyer, a machine shop completing its third acquisition within the O’Hare industrial market. Matthews Real Estate Services represented the undisclosed seller. The property features I-90 frontage, outdoor storage capabilities and also includes future parking lot replacement.
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Q4 2025 Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady
Lee & Associates’ 2025 Q4 North America Market Report looks at diverging market demand across industrial, office, retail and multifamily spaces nationwide in the last quarter. Demand continued to soften for industrial spaces, while multifamily saw a reversal: decreased demand after seven consecutive quarters of strengthening. Office saw a slow increase in net absorption, but only after six years of negative absorption; retail demand was mixed. Industrial and retail spaces contended with tariff concerns, while all four types of commercial real estate saw either decreased or slowed rent growth in the final quarter of 2025. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below illustrate the market landscape through data on net absorption, leasing and development activity, sales transactions and rent growth, in addition to demand. Industrial Overview: Demand Falls Under Tariff Pressure Falling demand for industrial space continued in 2025 under the added strain of the United States’ aggressive trade and tariff policies affecting commercial property markets across North America. In the United States net absorption declined again in 2025 as tenant and rent growth fell to their lowest levels since the aftermath of the financial crisis. Meanwhile, inventory growth has been scaled back …
HOUSTON — A partnership between local developer Lovett Industrial and Los Angeles-based PCCP LCC has broken ground on Southport 45, a 668,077-square-foot project in southeast Houston. Southport 45 will consist of three buildings: a 395,657-square-foot cross-dock facility, a 176,452 square foot front-load structure and a 95,968-square-foot front-load building. Each building will feature 32- to 36-foot clear heights, 2,500 square feet of office space, dock levelers and warehouse lights. Southside Bank and American National Bank of Texas are financing construction of Southport 45, which is expected to be complete in the third quarter. Other project partners include Powers Brown Architecture, general contractor Harvey Cleary, civil engineer ALJ-Lindsey and leasing agent JLL.
SAN ANGELO, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 544-unit facility in the West Texas city of San Angelo. Lone Star Storage Center – San Angelo features 69,525 net rentable square feet of space across 334 non-climate-controlled units and 210 climate-controlled units. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller and procured the buyer, both of which were Texas-based limited liability companies, in the transaction.
SHEPHERDSVILLE, KY. — JLL Capital Markets has arranged the $50 million sale of Bullitt II Logistics Center, a 437,000-square-foot industrial warehouse and distribution facility located at 251 Buffalo Run Road in Shepherdsville, a southern suburb of Louisville in Bullitt County. Ross Bratcher, Sean Devaney, Dennis Mitchell, Kurt Sarbaugh, Powell Spears and Matt Hartlage of JLL represented the seller, Atlanta-based Core5 Industrial Partners, in the transaction. Chicago-based LaSalle Investment Management was the buyer. Situated roughly 12 miles from the UPS Worldport, Bullitt II Logistics Center is fully leased to a subsidiary of Dorman Products, an American supplier and manufacturer of aftermarket automotive replacement parts. The cross-dock facility was delivered in 2022 and features 36-foot clear heights, fully circulating truck courts with up to 185-foot depths, 50 dock doors, 63 designated trailer parking spaces and more than 14,000 square feet of office space.
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