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Industrial

Park84-Nampa-ID
IdahoIndustrialLoansWestern

Bow River Capital Receives $70.3M Refinancing for Park84 Industrial Property in Nampa, Idaho

by Amy Works

NAMPA, IDAHO — Bow River Capital has received $70.3 million for the refinancing of Park84, a Class A industrial property in Nampa, 20 minutes from downtown Boise, Idaho. Leon McBroom, Rob Bova and Ellie Savage of JLL Capital Markets arranged the floating-rate financing for the borrower. Completed in July 2024, Park84 features seven industrial buildings totaling 605,570 square feet on 47.8 acres. The buildings, which are divisible as small as 16,917 square feet, offer 32-foot clear heights, clerestory and LED lighting, ESFR sprinklers, ample 480V power, outdoor storage and trailer parking.

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ArizonaDevelopmentIndustrialSelf-StorageWestern

Garrett Development, Willmeng Break Ground on Self-Storage Facility in Peoria, Arizona

by Amy Works

PEORIA, ARIZ. — Garrett Development Corp. (GDC), with Willmeng Construction as general contractor, has broken ground on a 110,136-square-foot self-storage facility at 24027 N. Lake Pleasant Parkway in Peoria. Designed by RKAA Architects, the facility will feature 1,129 square feet of office space, 53,939 square feet of storage on the first floor and 55,068 square feet of storage on the basement level. Construction is slated for completion in June 2026, with the facility scheduled to open by third-quarter 2026.

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Brokers Sale of 88,821 SF Industrial Building in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Lee & Associates has brokered the sale of an 88,821-square-foot industrial building in Arlington. According to LoopNet Inc., the building at 840 N. Great Southwest Parkway was completed in 1962 and features 21.5-foot clear heights and eight dock-high loading doors. Corbin Blount of Lee & Associates represented the buyer, Philadelphia Hardware Group, in the transaction. Harrison Putt and Corby Hodgekiss of Mercer Co. represented the seller, locally based investment firm CanTex Capital.

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IndustrialLeasing ActivityTexas

Bronto Skylift Signs 31,500 SF Industrial Lease in Rhome, Texas

by Taylor Williams

RHOME, TEXAS — Bronto Skylift, a Finnish company that provides truck-mounted hydraulic platforms, has signed a 31,500-square-foot industrial lease in Rhome, located northwest of Fort Worth. According to LoopNet Inc., the building at 167 Lion Court sits on an 8.8-acre site and was completed earlier this year. Mark Boone of LanCarte Commercial represented the undisclosed landlord in the lease negotiations. Devin Kopas of ETHOS Commercial Advisors represented the tenant, which is relocating from Orlando.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 23,130 SF Industrial Lease Expansion in Southwest Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has negotiated a 23,130-square-foot industrial lease expansion at 525 Julie Rivers Drive in southwest Houston. According to LoopNet Inc., the 45,516-square-foot building was completed in 1983. Will Mason and Tyler Maner of Stream Realty Partners represented the tenant, Marquis Distributors, in the lease negotiations. Boone Smith, Garret Geaccone and Natalie Gilbert, also with Stream, represented the landlord, Oxford Properties.

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3200 Lakewood Ave. SW in Atlanta
AcquisitionsGeorgiaIndustrialLoansSoutheast

Lightstone Capital Provides $8.5M Acquisition Loan for Industrial Property in Southwest Atlanta

by Abby Cox

ATLANTA — Lightstone Capital has provided an $8.5 million loan for the acquisition and lease-up of a 207,000-square-foot light manufacturing building located at 3200 Lakewood Ave. SW in Atlanta. Green Dock Partners was the borrower. Situated near Hartsfield-Jackson Atlanta International Airport on a 7.2-acre site, the single-story facility features 29-foot clear heights and multiple dock-high doors.

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IllinoisIndustrialLoansMidwestOhio

JLL Secures $64M Refinancing for 1.1 MSF Industrial Portfolio in Metro Chicago, Cincinnati

by Kristin Harlow

CHICAGO AND CINCINNATI — JLL Capital Markets has secured $64 million in refinancing for TradeLane Properties’ Midwest Light Industrial Portfolio, a collection of 13 industrial assets totaling 1.1 million square feet across metro Chicago and Cincinnati. The properties are fully leased to 17 tenants, with industries ranging from automotive and food users to manufacturing, distribution, e-commerce and pharmaceuticals. Lucas Borges and Ethan Habecker of JLL secured a floating-rate, five-year loan through a regional bank. JLL’s wholly owned internal derivatives team, Kensington Capital Advisors, assisted TradeLane with the execution of an interest rate hedge to assist with managing the borrower’s exposure to floating interest rate risk.

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DevelopmentIndustrialMidwestMinnesota

Standard, Endeavor to Build 174,288 SF Cobalt Business Center in Suburban Minneapolis

by Kristin Harlow

MENDOTA HEIGHTS, MINN. — Standard Real Estate Investments LP and Endeavor Development have formed a joint venture to develop Cobalt Business Center in the Minneapolis suburb of Mendota Heights. The 174,288-square-foot industrial building is slated for completion in the second quarter of 2026. Endeavor received approval from the city last month and plans to begin demolition of the existing building, which was formerly occupied by Le Cordon Bleu College of Culinary Arts. The project, situated in the Minneapolis Airport submarket, will feature a clear height of 32 feet, 15 dock positions, LED light fixtures and 4,000 amps of power.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 53,375 SF Industrial Building in Southeast Houston

by Taylor Williams

HOUSTON — Colliers has brokered the sale of a 53,375-square-foot industrial building in southeast Houston. Constructed on 3.7 acres in 2001 and renovated in 2021, the property comprises a 38,375-square-foot office/warehouse and a 15,000-square-foot warehouse, as well as 65 surface parking spots. Tom Condon Jr., Greg Cizik and Edward Edson of Colliers represented the seller in the transaction. Zane Carman of Partners Real Estate represented the buyer. Both parties requested anonymity.

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IndustrialLeasing ActivityTexas

Vasa Tech North America Signs 34,997 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Vasa Tech North America has signed a 34,997-square-foot industrial lease in northwest Houston. The provider of waterproofing, restoration and other related building services is taking space at the property at 8700 Clay Road, which according to LoopNet Inc. consists of four buildings totaling 286,985 square feet. Jack Rathe and Brandon Preece of Stream Realty Partners represented the landlord, Los Angeles-based Entrada Partners, in the lease negotiations. Jackie Chang of Forever Realty represented the tenant.

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