Tuesday, August 25, 2026
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Industrial

Blue-Ridge-Commerce-Center-Houston
DevelopmentIndustrialTexas

TCC, Daiwa House Break Ground on 687,338 SF Industrial Project in Southwest Houston

by Taylor Williams

HOUSTON — A joint venture between Trammell Crow Co. (TCC) and Japanese developer Daiwa House has broken ground on a 687,338-square-foot industrial project in southwest Houston. The project represents Phase II of Blue Ridge Commerce Center and will consist of three buildings on a 40.9-acre site. Buildings will span 182,908, 200,622 and 303,808 square feet and feature a mix of configurations in addition to 32- to 36-foot clear heights. Seeberger Architecture designed the project, and E.E. Reed Construction is serving as the general contractor. BGE is the project’s civil engineer, and CBRE is the leasing agent. Sumitomo Mitsui Banking Corp. is financing construction, which is expected to be complete next spring.

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DevelopmentIndustrialLouisianaSoutheast

Amazon to Invest $6B to Build New Data Center Campus in Shreveport, Louisiana

by Abby Cox

SHREVEPORT, LA. — Amazon has unveiled plans to invest an estimated $6 billion in northwest Louisiana for the development of a new data center. The data center, which will be located at Resilient Technology Park in Shreveport, is expected to create 210 direct jobs and 499 indirect jobs. This expansion marks the third data center planned in the state, bringing Amazon’s data center investment in Louisiana to $18 billion. The announcement comes less than six months after its initial $12 billion investment in February. Amazon will continue to partner with STACK Infrastructure, the developer and owner of the three planned campuses, to lead the construction and development of the data center facilities.  The data centers in Louisiana are expected to rely on air cooling for most of the year, using water for cooling only when temperatures exceed approximately 85 degrees Fahrenheit —which is anticipated to occur less than 13 percent of the year in the region. Amazon also plans to invest up to $400 million in public water infrastructure to support all three campuses and has coordinated with local utilities to ensure sufficient capacity for both its facilities and existing customers. The company says it will fund all water and wastewater …

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DevelopmentIndustrialOregonWestern

Genentech to Invest $750M in Manufacturing Facility in Hillsboro, Oregon

by Amy Works

HILLSBORO, ORE. — Genentech, a member of Swiss pharmaceutical company Roche Group, plans to invest $750 million in a new manufacturing facility at its 75-acre campus in Hillsboro. The development will bring new end-to-end device filling capabilities to the site and expand Genentech’s capacity to support its future pipeline of innovative medicines. The new facility will support the manufacturing of advanced drug delivery devices, such as pre-filled syringes and auto injectors. Designed for flexibility, the facility will be capable of both high- and low-volume device filling across a broad range of Genentech’s portfolio, enabling the site to respond to changing manufacturing needs as the company’s portfolio evolves. Established in 2006, the Hillsboro campus is a hub for Genentech’s U.S. manufacturing network, supporting production across a broad range of therapeutic areas, including oncology, immunology and neurology. Roche and Genentech’s current U.S. footprint includes 13 manufacturing sites, 15 research and development sites and approximately 25,000 employees across 24 locations in eight states.

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San-Dimas-Commerce-Center-CA
AcquisitionsCaliforniaIndustrialWestern

SRS Real Estate Partners Negotiates $41M Sale of Industrial Park in San Dimas, California

by Amy Works

SAN DIMAS, CALIF. — SRS Real Estate Partners has negotiated the $41 million sale of San Dimas Commerce Center, a 19-building light industrial park at 410-490 W. Arrow Highway in San Dimas, located in the San Gabriel Valley area of Los Angeles County. An undisclosed institutional investor acquired the asset from an entity doing business as San Dimas BP LLC. Dave Faris and Richard Schwartz of SRS Real Estate Partners represented the seller in the deal. Situated on 10.5 acres, the 179,345-square-foot San Dimas Commerce Center was 90 percent occupied by more than 70 local and regional businesses at the time of sale. Most of the individually parceled buildings span less than 10,000 square feet.

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AcquisitionsIndustrialTop Stories

Partnership Acquires National Industrial Portfolio for $628M

by Taylor Williams

NEW YORK CITY AND DELRAY BEACH, FLA.— A partnership led by alternative asset management firm TPG AG and Florida-based Redfearn Capital has acquired a national portfolio of 53 industrial buildings totaling approximately 5.4 million square feet for $628 million. The seller was not disclosed, but South Florida Business Journal reports that New York-based DRA Advisors sold the portfolio. Roughly 75 percent of the buildings are located in Southeastern markets with “high barriers to entry” such as Atlanta, Raleigh and Charlotte, as well as Tampa and Lakeland, Fla. The portfolio primarily features shallow-bay buildings that were approximately 87 percent leased at the time of sale. Other operating partners within the new ownership group include Atlanta Property Group and Matterhorn Venture Partners. Eastdil Secured Savills advised on the placement of acquisition financing for the transaction. Greenberg Traurig LLP provided legal counseling to the partnership. “We are pleased to acquire and operate a portfolio of high-quality assets with strong occupancy, diversified tenancy and compelling opportunities to create value through active asset management,” says Chris Oka, managing director at TPG AG. “This acquisition reinforces our conviction in the long-term fundamentals of the U.S. shallow-bay industrial sector.” “TPG AG and its operating partners have built …

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IndustrialMarket ReportsSoutheastSoutheast Market ReportsVirginia

Richmond Industrial Real Estate: A Market Maturing Into Its Next Phase

by John Nelson

Richmond’s industrial real estate market has changed considerably over the past several years. What was once a relatively quiet Mid-Atlantic logistics market became one of the country’s most competitive industrial markets during the pandemic. Record leasing activity, limited availability and rapidly rising rents attracted developers and institutional capital from across the country. Today, the market is more balanced — and, in my opinion, healthier. The fundamentals remain strong, but the days of putting a sign on a warehouse and watching tenants compete for the space are behind us. For owners, developers and investors, success in Richmond’s industrial market now requires a much closer look at location, building functionality, basis and tenant demand. The numbers tell the story. Richmond entered the second half of 2026 with an industrial vacancy rate of approximately 5.5 percent, according to CBRE, while the market posted positive net absorption of 136,000 square feet during the second quarter. Average asking rents reached $8.86 per square foot, up 2.4 percent from the prior quarter. At the same time, the development pipeline has grown to approximately 12.6 million square feet under construction, of which approximately 3.9 million are speculative projects. That amount of new supply deserves attention. Richmond has …

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Pickett-Circle-SLC-UT
AcquisitionsIndustrialUtahWestern

MCA Realty Acquires Three Multi-Tenant Industrial Buildings in Salt Lake City

by Amy Works

SALT LAKE CITY — MCA Realty has purchased three multi-tenant industrial buildings in Salt Lake City from a private investor for an undisclosed price in an off-market transaction. Totaling 77,944 square feet, the properties are located at 515, 537 and 539 Pickett Circle. Built between 1998 and 2005, 515 Pickett Circle (24,356 square feet), 537 Pickett Circle (43,544 square feet) and 539 Pickett Circle (10,044 square feet) offer 20-foot clear heights and a combined 24 grade-level doors. MCA Realty plans to implement a capital improvement program, including refreshed paint, upgraded landscaping, enhanced parking areas and modernized signage. Travis Healey and Tom Freeman of Colliers represented MCA Realty and the seller in the transaction.

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IndustrialLeasing ActivityTexas

Jet Engine Support Signs 19,800 SF Industrial Lease Renewal in Farmers Branch, Texas

by Taylor Williams

FARMERS BRANCH, TEXAS — Jet Engine Support Inc. has signed a 19,800-square-foot industrial lease renewal at 12901 Nicholson Road in the northern Dallas metro of Farmers Branch. According to LoopNet Inc., the building was completed in 1981. Keenan Cook of Mercer Co. represented the tenant in the lease negotiations. Keaton Brice, Andrew Gilbert and Jon Skidmore of Holt Lunsford Commercial represented the landlord.

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AcquisitionsGeorgiaIndustrialSoutheast

Alterra IOS Acquires Metro Atlanta Portfolio Totaling 32 Acres

by Abby Cox

ATLANTA — Alterra IOS has acquired five industrial outdoor storage (IOS) properties totaling 146,700 square feet across 32 acres in metro Atlanta. Each site is located within industrial submarkets with access to major highways and transportation networks. The properties include: The industrial sites are occupied by a mix of tenants, including a national wholesale food distributor, a national truck rental and transportation services company and a regional equipment rental dealer. ONE Commercial Real Estate, Lee & Associates, King Industrial Realty Inc. and Cone Commercial Real Estate were the brokerages involved in these transactions. The sellers and sales price were not disclosed.

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DevelopmentIllinoisIndustrialMidwest

LSC Development Completes Self-Storage Adaptive Reuse Project in Lombard, Illinois

by Kristin Harlow

LOMBARD, ILL. — LSC Development LLC has completed a new self-storage facility at 665 W. North Ave. in the Chicago suburb of Lombard. The project is located at the intersection of North Avenue and I-355 and is six miles southwest of the Chicago O’Hare International Airport. The development is the adaptive reuse of a former Staples office building, which has been transformed into a five-story, fully climate-controlled self-storage facility. The property features 69,375 rentable square feet of self-storage space, 14,960 rentable square feet of parking and a gated vehicle storage area with 64 spaces for RVs, boats and other vehicles. The facility features secure keypad entry and camera surveillance. Groundwork LTD designed the project, while G.A. Johnson & Son served as the general contractor. Byline Bank provided construction financing. Extra Space Storage is managing the facility.

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