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DevelopmentIndustrialTexas

Clay Development Breaks Ground on Two Industrial Buildings Totaling 552,240 SF in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — Local owner-operator Clay Development & Construction Inc. has broken ground on two industrial buildings totaling 552,240 square feet in Brookshire, a western suburb of Houston. The 291,720-square-foot Twinwood Distribution Center IV and the 260,520-square-foot Twinwood Distribution Center V are both part of the 200-acre first phase of Uplands Twinwood Business Park. The buildings both feature 36-foot clear heights, 69 dock-high doors, four drive-in ramps and 2,600 square feet of office space, in addition to a combined 342 car parking spaces and 120 trailer parking spaces. Completion is slated for the first quarter of next year. KBC Advisors has been tapped as the third-party leasing agency for the two buildings.

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AcquisitionsIndustrialTexas

BGO Acquires 299,520 SF Industrial Portfolio in Katy, Texas

by Taylor Williams

KATY, TEXAS — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired a two-property industrial portfolio totaling 299,520 square feet in the western Houston suburb of Katy. Known as Heritage West and completed earlier this year, the portfolio comprises front-load buildings totaling 90,480 and 209,040 square feet that feature 32- and 36-foot clear heights, respectively. BGO acquired the portfolio, which was fully leased at the time of sale, in partnership with Austin-based Harbor Capital. The seller and sales price were not disclosed.

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AcquisitionsIndustrialTexas

Zenith IOS Buys 7.5-Acre Facility in Blue Mound, Texas

by Taylor Williams

BLUE MOUND, TEXAS — Zenith IOS (industrial outdoor storage) has purchased a 7.5-acre facility in Blue Mound, a northern suburb of Fort Worth. The property at 1151-1201 Cantrell Sansom Road consists of three buildings totaling approximately 29,300 square feet with 12 drive-through bays and four dock-high loading doors. Andrew Wieseman of Nashville-based brokerage firm Matthews sourced the deal on behalf of Zenith, which acquired the facility as part of a larger portfolio deal that included properties in Duncanville, Texas, and Tulsa, Oklahoma. The seller and sales price were not disclosed.

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AcquisitionsGeorgiaIndustrialSoutheast

Equus Acquires 569,132 SF Industrial Park in Cartersville, Georgia

by John Nelson

CARTERSVILLE, GA. — An affiliate of Equus Capital Partners Ltd. has acquired Allatoona Business Center, a three-building, 569,132-square-foot industrial park in the northern Atlanta suburb of Cartersville. The acquisition was completed through a “programmatic joint venture.” Further details of the transaction were not released, including the identity of the seller. Delivered in 2024, Allatoona Business Center features 32-foot clear heights, ESFR sprinkler systems, LED warehouse lighting, 185-foot truck courts and 60-foot concrete aprons. The industrial park was 88.5 percent leased at the time of sale to seven tenants.

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AcquisitionsIndustrialTexas

Zenith IOS Acquires 14.9-Acre Facility in Duncanville, Texas

by Taylor Williams

DUNCANVILLE, TEXAS — Zenith IOS (industrial outdoor storage) has acquired a 14.9-acre facility in Duncanville, a southern suburb of Dallas. The crane-served property at 1200 N. Main St. houses a 49,000-square-foot, tilt-wall building with nine drive-through bays and four drive-in doors. Andrew Wieseman of Nashville-based brokerage firm Matthews sourced the deal on behalf of Zenith, which acquired the facility as part of a larger portfolio sale that included properties in Blue Mound, Texas, and Tulsa, Oklahoma. The seller and sales price were not disclosed.

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DevelopmentIndustrialMidwestOhio

Partnership Breaks Ground on 959,579 SF Spec Industrial Facility in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Trident Capital Group and O’Connor Capital Partners have closed a joint venture with Clarion Partners for the third phase of Rickenbacker Industrial Center in Columbus. The 959,579-square-foot speculative industrial facility will be located at 1669 Rohr Road. Construction has begun, and completion is slated for the first quarter of 2027. Situated on 57.3 acres, the project will feature a clear height of 40 feet, 104 dock doors, 238 trailer stalls and 336 car parking spaces. The project sits within a designated Qualified Opportunity Zone and carries a 15-year, 75 percent property tax abatement. Located within the broader Rickenbacker industrial corridor, the building will offer direct rail access alongside proximity to Rickenbacker International Airport, the Norfolk Southern Rickenbacker Intermodal Terminal and I-270. Dan Wendorf, Brian Marsh and Joseph Davis of JLL are marketing the building for lease.

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IllinoisIndustrialLeasing ActivityMidwest

Newmark Negotiates 150,316 SF Industrial Lease for Dynamic Manufacturing in Metro Chicago

by Kristin Harlow

FOREST PARK, ILL. — Newmark has negotiated a long-term, full-building industrial lease totaling 150,316 square feet at 7801 Industrial Drive in Forest Park on behalf of Dynamic Manufacturing. Corey Chase of Newmark represented the tenant. First Industrial Realty Trust Inc. is the landlord. Dynamic Manufacturing will use the facility for warehousing, electrification and manufacturing operations. Full operations are expected to commence in February 2027. Located on 5 acres, the property features 4,509 square feet of office space, a clear height of 24 feet, six interior loading docks, one drive-in door and parking for 120 vehicles. The fully air-conditioned warehouse and planned installation of a new ESFR sprinkler system were key factors in the tenant’s decision to lease the property, according to Newmark.

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DevelopmentIndustrialTexasTop Stories

SpaceX to Build $16.8B, 100 MSF Semiconductor Manufacturing Plant in Grimes County, Texas, Create 3,000 Jobs

by Taylor Williams

GRIMES COUNTY, TEXAS — Space Exploration Technologies Corp. (SpaceX) will build a semiconductor manufacturing plant in Grimes County, located northwest of Houston. The first phase of the project represents a capital investment of $16.8 billion and is expected to create about 3,000 new jobs within the local economy. The office of Texas Gov. Greg Abbott made the announcement late last week, noting that the state had provided SpaceX with a $30 million Texas Enterprise Fund (TEF) grant in association with the project, which will be known as Terafab. The facility is planned to span more than 100 million square feet under a single roof, which would make it the largest structure in the world. A construction timeline was not announced. Founded in 2002 by Elon Musk, SpaceX already houses its global headquarters and Starbase launch facilities in South Texas’ Cameron County. The company also operates a semiconductor research-and-development (R&D) and advanced packaging facility in Bastrop, about 30 miles southeast of Austin, for its Starlink satellite platform. “The first-of-its-kind Terafab facility will accelerate chip production in Texas at an unprecedented scale, create thousands of good-paying jobs in Grimes County and expand economic opportunity for generations of Texans across southeast Texas and …

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IndustrialLoansSelf-StorageTexas

MMCC Arranges $8.2M Loan for Refinancing of Self-Storage Facility in DeSoto, Texas

by Taylor Williams

DESOTO, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged an $8.2 million loan for the refinancing of Grizzly Self Storage, located in DeSoto, a southern suburb of Dallas. The number of units was not disclosed, but Grizzly Self Storage spans 132,265 net rentable square feet and offers both personal and commercial storage spaces. Doug Brooks of MMCC arranged the 10-year loan on behalf of the undisclosed borrower. The direct lender was also not disclosed.

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AcquisitionsIndustrialTexas

Marcus & Millichap Brokers Sale of 12,000 SF Industrial Building in Midland, Texas

by Taylor Williams

MIDLAND, TEXAS — Marcus & Millichap has brokered the sale of a 12,000-square-foot industrial building in the West Texas city of Midland. The single-tenant building was constructed on 6.6 acres in 2019 and was fully leased at the time of sale to water transfer equipment and services provider Coastal Production Systems. Davis Cagle, Chase Beasley and Adam Abushagur of Marcus & Millichap represented the undisclosed seller in the transaction. The undisclosed buyer acquired the building via a 1031 exchange.

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