Industrial

ShipBob Signs 301,826 SF Industrial Lease in Bethlehem, Pennsylvania

by Taylor Williams July 29, 2026

BETHLEHEM, PA. — ShipBob has signed a 301,826-square-foot industrial lease in the Lehigh Valley city of Bethlehem. The provider of fulfillment services for the e-commerce industry is taking the entirety of the space at Building E at Lehigh Valley Trade Center, which was developed as part of the 171-acre park’s third phase. Stream Realty Partners represented ShipBob in the lease negotiations. KBC Advisors represented the landlord, a partnership between Trammell Crow Co. and Clarion Partners. The deal brings the third phase of Lehigh Valley Trade Center to full occupancy.

July 29, 2026

Acquisitions Industrial Washington Western

Lincoln Property Co. Acquires 275,000 SF Canyon Road Commerce Center in Puyallup, Washington

by Amy Works July 29, 2026

PUYALLUP, WASH. — Lincoln Property Co. has acquired Canyon Road Commerce Center, a 275,000-square-foot industrial campus in Washington’s Pierce County. Trammell Crow Co. and an affiliate of CBRE Investment Management sold the asset for an undisclosed price. Located at 5103-5223 136th Street E. in Puyallup, Canyon Road Commerce Center features two Class A industrial buildings designed to accommodate a range of manufacturing, aerospace, logistics and distribution users. Suites can support tenants with requirements as low as approximately 40,000 square feet. The campus features 32- to 36-foot clear heights, 21 dock-high doors per building, substantial power capacity and LED lighting. Chris Spofford, Bill Honker, Scott Carter and David Cahill of JLL are handling leasing for the industrial campus. Canyon Road is the third acquisition for Lincoln Logistics Fund II, which has secured more than $280 million in capital commitments from two longstanding institutional investors, alongside Stone Point Capital and Lincoln employees.

July 29, 2026

Acquisitions Florida Georgia Industrial Southeast

JLL Arranges Sale of 2.4 MSF Industrial Portfolio in Florida, Georgia

by John Nelson July 28, 2026

MIAMI — JLL has arranged the sale of a three-property industrial portfolio spanning 2.4 million square feet in Florida and Georgia. EQT Real Estate purchased the portfolio from the undisclosed seller. The sales price was also not disclosed. The properties in the portfolio include a 605,412-square-foot facility in Lakeland, Fla., an 817,680-square-foot property in Jacksonville and a 1 million-square-foot building in Pooler, Ga., a suburb of Savannah. Built in 2015 on average, the fully leased properties feature 34-foot average clear heights and a variety of dock configurations. John Huguenard, Trent Agnew, Will McCormack, Cole Johnston, Tara Hagerty, Britton Burdette, Luis Castillo, Pete Pittroff, Jim Freeman, Cody Brais and Dave Andrews of JLL represented the seller in the transaction.

July 28, 2026

Data Centers Development Texas Top Stories

Meta, BlackRock to Develop $14B Data Center Campus in El Paso

by John Nelson July 28, 2026

EL PASO, TEXAS — Meta Platforms Inc. (NASDAQ: META), the parent company of Facebook, Instagram and WhatsApp, and BlackRock Inc. (NYSE: BLK) have formed a joint venture to develop and operate a data center campus in El Paso. The companies project that total development costs for the 1-gigawatt (GW) campus will be approximately $14 billion. Meta will provide construction management, administrative and property management services for the campus and will be its initial sole occupant upon completion. The new data center campus “will play an essential role in bringing Meta’s AI technologies to life,” according to the companies. “Building the infrastructure for superintelligence is key to making sure the benefits of this technology are distributed to everyone,” says Mark Zuckerberg, founder and CEO of Meta. “Our partnership with Larry [Fink] and the team at BlackRock allows us to move faster and at greater scale — pairing our deep expertise in designing and operating world-class data centers with one of the world’s leading infrastructure investors.” Construction is currently underway in El Paso with approximately 2,300 workers onsite, according to Meta. The Menlo Park, Calif.-based company estimates that the project will employ 4,000 construction workers at its peak and 300 staffers once fully …

July 28, 2026

Development Illinois Industrial Midwest

Principle Construction Completes 55,468 SF Facility for Orozco Trucking in Elgin, Illinois

by Kristin Harlow July 27, 2026

ELGIN, ILL. — Principle Construction Corp. has completed a truck maintenance and warehouse facility for Orozco Trucking at 2580 Mason Road in Elgin. The build-to-suit project provides the climate-controlled and dry freight specialist with a permanent home following its relocation from a leased site in Elk Grove Village. The 55,468-square-foot headquarters features a mix of office, maintenance and warehouse space. Situated on previously undeveloped land with immediate access to I-90, the site also offers room for future expansion. The new facility includes a two-story office space totaling 23,000 square feet, 16,800 square feet of maintenance space and 15,000 square feet of warehouse space. The warehouse and maintenance portion feature a clear height of 26 feet, four dock doors and four drive-in doors. Harris Architects was the project architect.

July 27, 2026

Acquisitions Development Florida Industrial Southeast

FRP Acquires 24 Acres in Broward County, Plans 300,000 SF Logistics Development

by Abby Cox July 27, 2026

SOUTHWEST RANCHES, FLA. — FRP Development Corp. has acquired 24 acres in Southwest Ranches, a town in South Florida’s Broward County. FRP plans to develop Logistics Center at Southwest Ranches, a planned 300,000-square-foot industrial facility, at the site. The project is expected to include 36-foot clear heights, dock-high loading, expansive truck courts, trailer parking and flexible configurations, and will be designed to serve logistics, manufacturing and regional distribution users. Completion of the development is anticipated for 2028. Further details of the timeline were not disclosed. Tenants at Logistics Center at Southwest Ranches will have nearby access to Port Everglades, Port Miami, Miami International Airport, Fort Lauderdale-Hollywood International Airport and the Florida East Coast Railway’s intermodal network.

July 27, 2026

Development Industrial Texas

Triten Real Estate to Develop 175,000 SF Industrial Project in San Marcos, Texas

by Taylor Williams July 27, 2026

SAN MARCOS, TEXAS —Houston-based owner-operator Triten Real Estate Partners will develop a 175,000-square-foot industrial project at 2651 Leah Ave. in San Marcos, located roughly midway between Austin and San Antonio. The 12-acre site is located less than a mile from I-35, and the shallow-bay building features suites with an average size of 11,000 square feet, as well as 28-foot clear heights, 140-foot truck court depths and both dock-high and grade-level loading doors. Construction is scheduled to begin before the end of the year and to be complete in mid-2027.

July 27, 2026

Data Centers Development Industrial Loans Texas

Lone Star PACE Provides $11.6M C-PACE Loan for Data Center Conversion Project in Irving

by Taylor Williams July 27, 2026

IRVING, TEXAS — Lone Star PACE has provided an $11.6 million C-PACE (Commercial Property Assessed Clean Energy) loan for a data center conversion project in Irving. The project centers on the conversion of the vacant, 113,406-square-foot industrial flex building at 6001 Campus Circle Drive W, which was built on 4.7 acres in 1981, into Vesgro Data Center, a colocation facility with a 45,000-square-foot data hall and 3.0 megawatts of power capacity. The borrower is local data center developer Infrascale Systems. Construction is underway and expected to be complete in September.

July 27, 2026

Arizona Development Industrial Western

GO Industrial, Willmeng Construction Break Ground on 1.1 MSF Spec Industrial Building in Tolleson, Arizona

by Amy Works July 27, 2026

TOLLESON, ARIZ. — Developer GO Industrial and general contractor Willmeng Construction have broken ground on GO|99 North, a 1.1 million-square-foot speculative industrial building in Tolleson. GO|99 North will feature a Class A warehouse and distribution facility. Situated on 75 acres in Tolleson’s Estrella Park neighborhood, the property will feature 40-foot clear heights, 190 dock-high doors, four grade-level doors and all-concrete, 245-foot truck courts. Additionally, the air-conditioning-ready warehouse will include 1,200 parking spaces for cars, 113 spots for trucks and trailers, 3,600 amps of expandable power and perimeter fencing with seven rolling gates. Designed by DLR Group, GO|99 North will complement GO|99 South, a three-building, 1.3 million-square-foot industrial park.

July 27, 2026

Acquisitions Arizona Industrial Self-Storage Western

Marcus & Millichap Brokers Sale of 364-Unit StorQuest Self Storage Facility in Mesa, Arizona

by Amy Works July 27, 2026

MESA, ARIZ. — Marcus & Millichap has arranged the sale of a 364-unit StorQuest Self Storage facility in Mesa. Terms of the transaction were not released. Adam Schlosser, Charles “Chico” LeClaire, Dean Trammell and Kol Bailey of the LeClaire-Schlosser Group of Marcus & Millichap represented the undisclosed seller in the deal. Built in 1982 on 2.4 acres, StorQuest Self Storage features a fortress-style layout with stucco exteriors, metal roll-up doors and standing seam metal roofs. The property offers 39,225 net rentable square feet.

July 27, 2026

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