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Industrial

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AcquisitionsIndianaIndustrialMidwest

Colliers Arranges Sale of 1.06 MSF Industrial Facility Near Indianapolis

by Hayden Spiess

WHITELAND, IND. — Colliers has brokered the sale of Mohr Logistics Park Building 6, a 1.06 million-square-foot, single-tenant industrial facility located within the 475-acre Mohr Logistics Park in Whiteland, Indiana, just south of Indianapolis. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel of Colliers Institutional Industrial Advisors | Central represented the seller, Mohr Capital. The Dallas-based commercial real estate investment firm specializes in the acquisition, development and management of office, industrial, healthcare, hotel and retail properties. The buyer was not disclosed. Fully leased through August 2036 to Cummins Inc. — a global power technology company that designs, manufactures and services engines, power systems and related technologies — the property features a 40-foot clear height, 120 dock doors, four drive-in doors, 652 auto parking spaces, 270 trailer parking spaces and a 140-foot truck court.  The facility provides convenient access to Cummins’ corporate and supply-chain presence throughout Indiana, including its headquarters in Columbus, Indiana, while also offering connectivity to Indianapolis International Airport, home to the world’s second-largest FedEx air hub. “The property’s location at the I-65 and Whiteland Road interchange provides immediate access to Indianapolis’ primary north-south distribution corridor and key regional transportation networks,” says Cantu. “Investors continue to target …

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AcquisitionsDevelopmentIndustrialRetailTexas

RAMROCK Buys West Fort Worth Mall, Plans 930,960 SF Industrial Redevelopment

by Taylor Williams

FORT WORH, TEXAS — Dallas-based investment firm RAMROCK Real Estate has purchased Ridgmar Mall in West Fort Worth with plans to redevelop the site into an industrial park. The new property will be known as Ridgmar 30 Logistics Crossing and will feature six buildings totaling 930,960 square feet. RAMROCK has partnered with KBC Advisors and Lincoln Property Co. to assist with project planning, leasing and development execution. Additional details, including construction timing, will be shared as planning progresses.

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AcquisitionsIndustrialTexas

Stonepeak Acquires 860,100 SF Industrial Property in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Stonepeak, a New York-based alternative investment firm, has acquired a 860,100-square-foot industrial property in North Fort Worth. The address was not disclosed, but the property is located within the Alliance submarket and is served by rail lines, the BNSF Alliance intermodal terminal and the Fort Worth Alliance cargo airport. Newmark acted as Stonepeak’s financial advisor on the deal. The seller and sales price were also not disclosed.

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AcquisitionsIndustrialTexas

Skywalker Property Partners Sells 67,161 SF Manufacturing Building in South Houston

by Taylor Williams

HOUSTON — Texas-based investment firm Skywalker Property Partners has sold a 67,161-square-foot manufacturing building in South Houston. The building at 14211 Industry St., which was constructed in 1968, was fully leased at the time of sale to energy company AMACS. Chris Aguilar represented Skywalker in the transaction on an internal basis. Wes Cole and Nick Spearman of Pinemont Real Estate represented the buyer, Austin-based investment firm Freehill Co.

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AcquisitionsIndustrialNortheastPennsylvania

Endurance, Long Wharf Buy 110,883 SF Industrial Portfolio in Bensalem, Pennsylvania

by Taylor Williams

BENSALEM, PA. — A partnership between affiliates of regional owner-operator Endurance Real Estate and Boston-based Long Wharf Capital has purchased a portfolio of two industrial building totaling 110,883 square feet in Bensalem, a northern suburb of Philadelphia. The building at 3366 Marshall Lane totals 69,945 square feet and features a clear height of 21 to 29 feet. The building at 3350 Progress Drive totals 40,888 square feet and features a clear height of 18.5 feet. Pat Gilmore and Mike Borski of The Flynn Co. represented the undisclosed seller in the transaction. Endurance plans to implement capital improvements within the portfolio and has tapped Avison Young as the leasing agent.

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IndustrialLeasing ActivityMassachusettsNortheastOffice

BRUNT Workwear Signs 56,000 SF Lease at Mixed-Use Property in Wilmington, Massachusetts

by Taylor Williams

WILMINGTON, MASS. — BRUNT Workwear has signed a 56,000-square-foot lease in the northern Boston suburb of Wilmington. The space is located within the property at 299- 301 Ballardvale St., which can support industrial, office and life sciences uses, and will serve as the apparel retailer’s new headquarters. Brian McKenzie and Christian Vallis of CBRE represented the landlord, a partnership between Camber Development and GEM Realty Capital, in the lease negotiations. Derek Losi and Nathaniel Heilbron of Cresa represented the tenant.

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AcquisitionsArizonaIndustrialWestern

Equus Capital Partners Divests of 1.2 MSF Industrial Portfolio in Tucson for $165.7M

by Amy Works

TUCSON, ARIZ. — Equus Capital Partners has divested of a 14-property industrial portfolio in Tucson to Catalyst Real Estate and New York-based Everview Partners for a combined $165.7 million, or $133 per square foot. Paul Hooker of Cushman & Wakefield | PICOR, in conjunction with Will Strong, Michael Matchett, Madeline Warren, Molly Miller and Jack Stamets of Cushman & Wakefield’s National Industrial Advisory Group, represented the buyer and seller in the deal. Known as the Tucson Shallow Bay Industrial Portfolio, the 1.2-million-square-foot portfolio includes:

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AcquisitionsFloridaIndustrialSoutheast

Marcus & Millichap Brokers $11.4M Sale of Industrial Property in West Palm Beach

by John Nelson

WEST PALM BEACH, FLA. — Marcus & Millichap has brokered the sale of a four-building industrial property located at 2348-2360 N. Military Trail in West Palm Beach. Pugliese Creative Ventures purchased the 43,125-square-foot property from PMD Capital Management for $11.4 million. Douglas Mandel, Zach Levine and Cody Hershey of Marcus & Millichap represented the seller and procured the buyer in the transaction. Built in 1989, the property is situated on 4.2 acres and has suites ranging in size from 1,700 to 7,300 square feet, as well as 54 grade-level loading bays with overhead doors, three two-way entrances and 160 parking spaces.

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AcquisitionsCaliforniaIndustrialOfficeWestern

Yamaha Motor Corp. Sells 25-Acre Headquarters Campus in Cypress, California

by Amy Works

CYPRESS, CALIF. — Yamaha Motor Corp. U.S.A. has sold its former U.S. headquarters at 6555 Katella Ave. in Cypress, located in Orange County. Terms of the transaction were not released. Patrick Barnes, Paul Clark, Nick Slonek and Jae Estep of Avison Young represented Yamaha in the deal. Situated on 25 acres, the infill, industrial-zoned campus includes three buildings — one industrial, one flex and one office — totaling approximately 278,964 square feet and occupying an entire city block with three points of access from Katella Avenue, Holder Street and Yamaha Way. The campus has served as Yamaha’s U.S. headquarters since 1979. As part of a planned corporate relocation to Kennesaw, Ga., Yamaha will lease back the entire property through Dec. 31, 2028.

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AcquisitionsIllinoisIndustrialMidwestTop Stories

Amazon Acquires Chicago Distribution Facility from Logistics Property Co. for $195M 

by Hayden Spiess

CHICAGO — Logistics Property Co. has sold a distribution facility located at 1237 W. Division St. in Chicago for $195 million. Amazon (NASDAQ: AMZN) has been reported as the buyer by multiple media outlets.    Situated near downtown Chicago and totaling 571,423 square feet, the property was the first multi-story logistics facility to be developed in the Midwest, according to JLL. The facility was purpose-built for distribution operations and features clear heights over 34 feet, 56 loading docks, 135-foot truck court depths, a dedicated second-floor truck ramp and 10,000 amps of power.  Parking capacity at the facility includes a 292,500-square-foot rooftop parking deck and an adjacent five-level parking structure, which together accommodate up to 1,590 automobiles or 763 vans.  According to JLL Capital Markets, which brokered the sale, more than 1 million residents live within a five-mile radius of the property, which is situated roughly three miles from Chicago’s central business district, with convenient access to Chicago O’Hare International and Chicago Midway International airports. Amazon plans to begin operations at the facility in late 2027 or early 2028 and use the property as a same-day delivery center, according to the Chicago Sun-Times. Logistics Property Co. completed the development in late 2024. In …

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