Industrial

Fairbanks-Northwest-Distribution-Center-Houston

JLL Negotiates Sale of 357,570 SF Distribution Center in Northwest Houston

by Taylor Williams May 26, 2026

HOUSTON — JLL has negotiated the sale of Fairbanks Northwest Distribution Center, a 357,570-square-foot industrial property in northwest Houston. The two-building, cross-dock complex was constructed on a 23.4-acre site in 2023. The buildings span 194,780 and 162,790 square feet and were 80 percent leased at the time of sale to tenants in the automotive parts distribution and recreational facilities sectors. Building features include 32-foot clear heights, as well as a combined 72 dock doors, eight drive-in doors, 10,471 square feet of office space and parking for 252 cars and 111 trailers. Trent Agnew, Charles Strauss, Lance Young and Brooke Petzold of JLL represented the seller, Triten Real Estate Partners, in the transaction. The buyer was a fund backed by Ares Real Estate.

May 26, 2026

Acquisitions Industrial Texas

CenterPoint Acquires Two Industrial Buildings Totaling 192,318 SF in South Houston

by Taylor Williams May 26, 2026

HOUSTON — Chicago-based investment firm CenterPoint Investment Management has acquired two industrial buildings totaling 192,318 square feet in South Houston. The shallow-bay buildings at 11217 Telephone Road were constructed in 2024 and both offer frontage along Beltway 8 and include a 1.3-acre outdoor storage yard. The buildings, which were fully leased at the time of sale, also feature 28-foot clear heights and a combined 52 dock-high doors, four drive-in doors and 318 car parking spaces. The seller and sales price were not disclosed.

May 26, 2026

Development Georgia Industrial Southeast

PNK Group Begins Construction on 1 MSF Industrial Facility in Griffin, Georgia

by John Nelson May 26, 2026

GRIFFIN, GA. — PNK Group has begun construction on PNK Griffin 200, a 1 million-square-foot speculative industrial facility located at 35 S. McDonough Road in Griffin, about 38 miles south of Atlanta. The property will be developed using PNK Group’s prefabricated Building Assembly Set (BAS) technology and will feature 40-foot clear heights, 194 dock doors, four drive-in doors, a 185-foot truck court, 245 trailer parking spaces and 480 car parking spaces. PNK Griffin 200 is PNK Group’s second project in the industrial park as the New York-based developer recently delivered a 306,000-square-foot build-to-suit facility for Rinnai America Corp.

May 26, 2026

Development Industrial Nevada Western

Metcalf Completes Construction of 475,880 SF Industrial Facility in Reno, Nevada

by Amy Works May 26, 2026

RENO, NEV. — Metcalf Builders has completed construction of East Building 6 at the Comstock Commerce Center, a $24 million project within the Tahoe Reno Industrial Center (TRIC) in Reno. Locus Development Group owns the building, which is ready to support tenant operations. Located at 2200 USA Parkway, East Building 6 features 475,880 square feet of bulk industrial space designed to meet logistics, warehousing and manufacturing needs. East Building 6 is part of the Comstock Commerce Center, a master-planned industrial development within TRIC.

May 26, 2026

Acquisitions Arizona Industrial Western

Trumark Real Estate Management Buys Multi-Tenant Industrial Building in Peoria, Arizona for $20.7M

by Amy Works May 26, 2026

PEORIA, ARIZ. — Trumark Real Estate Management has acquired a multi-tenant industrial building, located at 8700 N. 91st Ave. in Peoria, from The Initial Development Co. for $20.7 million. Geoffrey Turbow of CBRE represented the buyer in the transaction. The asset was acquired as part of a 1031 exchange. Completed in 2024, the 75,549-square-foot, multi-tenant industrial property features grade-level doors to each bay, two shared loading docks and visibility and signage opportunities along Loop 101. At the time of sale, the property was fully occupied.

May 26, 2026

Acquisitions Colorado Industrial Western

Marcus & Millichap Arranges $4.5M Sale of Flex Industrial Property in Colorado Springs

by Amy Works May 26, 2026

COLORADO SPRINGS, COLO. — Marcus & Millichap has negotiated the sale of a flex industrial building located at 3450 N. Nevada Ave. in Colorado Springs. A private investor group based in California and New York acquired the property for $4.5 million. Max Rist and Brandon Kramer of Marcus & Millichap’s Denver office represented the seller, a Colorado Springs-based private partnership, in the deal. Built in 1966 on 2.8 acres, the 54,882-square-foot industrial/flex asset is configured into two functional suites, allowing for single-user or multi-tenant occupancy. The buyer plans to redevelop the property to better accommodate modern industrial tenant requirements.

May 26, 2026

Acquisitions Indiana Industrial Midwest

Missner Group Acquires 843,531 SF Industrial Portfolio in Indiana

by Kristin Harlow May 26, 2026

MERRILLVILLE AND WHITESTOWN, IND. — The Missner Group has acquired three Class A industrial properties totaling 843,531 square feet in Indiana. The acquisition includes a two-building, 540,986-square-foot portfolio located at 9401 and 9602 Georgia St. in Merrillville and a newly constructed 302,545-square-foot logistics facility situated within 65 Commerce Park in Whitestown. With the addition of these assets, Missner will nearly double its industrial portfolio from roughly 1.2 million square feet to more than 2.2 million square feet. Built in 2021 and 2022, the Merrillville portfolio is fully leased to four tenants, including NFI Industries, WABTEC and EMCOR-Hyre Electric Co. of Indiana. Located roughly 40 miles from downtown Chicago, the properties provide direct access to I-65, I-80/I-94 and I-90. The Whitestown property, completed in 2023, is fully leased to Style Link Logistics LLC and backed by a corporate guaranty from SHEIN Distribution Corp. The facility features a clear height of 32 feet, ESFR sprinklers, LED lighting, 30 dock doors, trailer parking, multi-tenant flexibility and proximity to the Indianapolis International Airport. Missner will oversee management of the assets. CBRE National Partners represented the sellers in the Whitestown transaction.

May 26, 2026

Development Industrial Iowa Midwest

Opus Breaks Ground on 80,000 SF Advanced Manufacturing Facility for ContiTech in Iowa

by Kristin Harlow May 26, 2026

MOUNT PLEASANT, IOWA — Opus has broken ground on an advanced manufacturing facility for ContiTech, a group sector of Continental, at its existing plant in Mount Pleasant within eastern Iowa. At more than 80,000 square feet, the new compounding center will integrate production, warehouse and office operations to support ContiTech’s hose and belt businesses while optimizing its North American mixing footprint. The project will include a three-story, 17,472-square-foot mixing facility, an automated high-bay warehouse, shipping and receiving, bulk storage and a 4,250-square-foot office and lab space. The three-story mixing facility will support a specialized vertical manufacturing process in which raw materials are introduced on the upper level and move through advanced mixing lines to lower floors. Opus is the design-builder, Martin Gardner Architects is the architect and Raker Rhodes Engineering is the structural engineer. Completion is slated for June 2027.

May 26, 2026

Illinois Industrial Leasing Activity Midwest

Fromm International Signs 72,745 SF Industrial Lease in Algonquin, Illinois

by Kristin Harlow May 26, 2026

ALGONQUIN, ILL. — Fromm International LLC has signed a 72,745-square-foot industrial lease at Algonquin Corporate Center in the Chicago suburb of Algonquin. The manufacturer of professional salon tools and accessories is relocating its national distribution operations from the O’Hare submarket. Adam Marshall and Mark Deady of Newmark represented the tenant, with Newmark’s Cooper Weisman and Dylan Weisman providing strategic support. Mike Sedjo and John Hamilton of CBRE and Ben Dickey of Stream Realty Partners represented the landlord, NorthPoint Development. Fromm International will occupy space within Building 1 of the five-building, 1.7 million-square-foot campus. Constructed in 2022, the facility features a clear height of 36 feet, 130-foot truck courts, ESFR sprinkler systems and spec office space.

May 26, 2026

Industrial Leasing Activity New York Northeast

ASAK Solutions Signs 16,515 SF Industrial Lease in Queens

by Taylor Williams May 26, 2026

NEW YORK CITY — ASAK Solutions Inc., a provider of ground-handling services for the aviation industry, has signed a 16,515-square-foot industrial lease in the Jamaica area of Queens. The facility at 152-15 Rockaway Blvd. will support the company’s ramp and cargo handling business as JFK International Airport. Joseph Hentze Jr. of Cushman & Wakefield represented the tenant in the lease negotiations. Joseph Lagano and Reid Berch of Avison Young represented the landlord, Boston-based Longpoint Partners.

May 26, 2026

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