Industrial Archives - REBusinessOnline

First Industrial Leases 226,074 SF Building in New Castle, Delaware

Taylor Williams — Thu, 22 Oct 2026 13:47:43 +0000

NEW CASTLE, DEL. — Chicago-based REIT First Industrial Realty Trust (NYSE: FR) has leased the entirety of a 226,074-square-foot building in New Castle. The tenant was not disclosed. The building is the first to be developed within First Park New Castle and features a clear height of 40 feet. Dan Rattay and Colby Reeder of CBRE represented First Industrial in the lease negotiations. Construction of a second, 612,554-square-foot building is now underway within First Park New Castle.

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JLL Arranges Acquisition Financing for Industrial Outdoor Storage Facility in Union, New Jersey

Taylor Williams — Thu, 22 Oct 2026 13:30:52 +0000

UNION, N.J. — JLL has arranged an undisclosed amount of acquisition financing for an industrial outdoor storage (IOS) facility in the Northern New Jersey community of Union. The facility at 1200 Springfield Road includes an 18,500-square-foot maintenance building with a clear height of 16 feet and five drive-in doors. Michael Klein, Max Custer, Nazario Paragano and Kevin Badger of JLL arranged the loan on behalf of the buyer, New York-based investment firm Ridgecut Road. An undisclosed regional bank provided the loan.

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JLL Arranges $49.7M in Bridge Financing for Lakeview Innovation Center in Thousand Oaks, California

Amy Works — Thu, 22 Oct 2026 12:52:33 +0000

THOUSAND OAKS, CALIF. — JLL Capital Markets has arranged $49.7 million in bridge financing for Lakeview Innovation Center, a R&D and office campus in Thousand Oaks. Jeff Sause, Josh Blank, Marc Schillinger, Alex Olson, Jalynn Borders and Danny Ryan of JLL secured the three-year, floating-rate financing through Forbright Bank for the sponsor, Alta West. Alta West Partners acquired Lakeview Innovation Center as a value-add investment opportunity at 50 percent leased in September 2024. Over the past 24 months, Alta West has brought the asset to 100 percent leased. Current tenants include Marvell Semiconductor, Laboratory Corp. of America, Equinox Fitness, Rawlings Sporting Goods and Anchor Loans. Situated on a 22.1-acre campus, the 275,000-square-foot property features office, lab and R&D space serviced by dock-high loading capabilities and 20,000 amps of power. Onsite amenities include an Equinox Fitness center, full-service café, two-story central atrium with media wall and dining areas, a pickleball court, walking trails and 24-hour onsite security personnel.

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Aerospace Momentum Fuels Industrial Growth in St. Louis Region

Kristin Harlow — Thu, 22 Oct 2026 12:30:00 +0000

By Mary Lamie, Bi-State Development and St. Louis Regional Freightway The St. Louis region’s workforce, multimodal infrastructure and industrial real estate assets have long attracted manufacturers and logistics operators. Today, new analysis highlights another competitive advantage: its role as the anchor of the emerging I-44 Aerospace Supply Chain Corridor. Stretching approximately 650 miles from the St. Louis region through Tulsa and Oklahoma City and into the Dallas-Fort Worth metro area, the corridor connects one of the nation’s most concentrated networks of aerospace manufacturers, defense contractors, suppliers and maintenance providers. According to the 2026 St. Louis Regional Industrial Real Estate Market Indicators & Workforce Statistics Report, the corridor supports more than 1.6 million aerospace manufacturing and related jobs and generates more than $250 billion in economic activity. Perhaps most significant, one in five of those jobs is located in the St. Louis region, underscoring the area’s importance as a leading aerospace manufacturing and logistics hub. “The I-44 Aerospace Supply Chain Corridor is the logistics backbone of America’s aerospace industry,” says Doug Rasmussen, founder and CEO of Steadfast City Economic and Community Partners, which prepared the report for the St. Louis Regional Freightway. The data support that conclusion. Aerospace manufacturing jobs along…

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G&S Fasteners Signs 19,200 SF Industrial Lease in Northwest Houston

Taylor Williams — Tue, 20 Oct 2026 15:12:14 +0000

HOUSTON — G&S Fasteners has signed a 19,200-square-foot industrial lease in northwest Houston. The supplier of industrial and construction equipment is taking space at the building at 7818 Kempwood Drive, which according to LoopNet Inc. is a 59,718-square-foot structure that was built in 1981. Stephen Golding of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. Natalie Gilbert of Stream Realty Partners represented the landlord, a subsidiary of New York City-based private equity firm DRA Advisors.

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JLL Arranges Sale of 300,400 SF Industrial Facility in New Albany, Ohio

Kristin Harlow — Tue, 20 Oct 2026 14:18:46 +0000

NEW ALBANY, OHIO — JLL Capital Markets has arranged the sale of New Albany Tech Park 300, a 300,400-square-foot distribution center in the Columbus suburb of New Albany. John Huguenard, Sean Devaney, Ed Halaburt, Kurt Sarbaugh, Ross Bratcher and Will McCormack of JLL represented the seller, VanTrust Real Estate. Realty Income was the buyer. Completed in 2026, the facility features a clear height of 36 feet, 135-foot truck courts, 30 dock doors, four drive-in doors and a 3,600-amp power capacity. The asset is fully leased to a technology and artificial intelligence company on a long-term basis.

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Colliers Brokers Sale of Two-Property Self-Storage Portfolio in Wisconsin

Kristin Harlow — Tue, 20 Oct 2026 14:14:04 +0000

PLEASANT PRAIRIE AND WEST BEND, WIS. — Colliers has brokered the sale of two Extra Space-managed self-storage facilities in Wisconsin. Dan Lynch of Colliers represented Bruno Self Storage LLC in the sale to Inland Real Estate. Together, the properties total 171,825 square feet with 1,486 units. The transaction includes a 93,650-square-foot facility in Pleasant Prairie that was completed in 2020 and features 749 climate-controlled units. The other is an 82,175-square-foot property in West Bend completed in 2019 with 727 climate-controlled units.

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MORVAY Nears Completion of Two Industrial Projects Totaling 113,000 SF in Central New Jersey

Taylor Williams — Tue, 20 Oct 2026 13:55:23 +0000

HAMILTON AND ROBBINSVILLE, N.J. — Brooklyn-based development and investment firm MORVAY is nearing completion of two industrial projects totaling 113,000 square feet in Central New Jersey. Purveyor Kuser and Purveyor North Gold are both shallow-bay projects and are located in Hamilton and Robbinsville, respectively, that MORVAY acquired in June 2025 from an institutional owner that had secured approvals before shifting its focus toward larger-scale opportunities. Both projects are expected to be complete before the end of the year.

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DAUM Negotiates $10.6M Sale of Industrial Building in Phoenix

Amy Works — Tue, 20 Oct 2026 13:52:37 +0000

PHOENIX — DAUM Commercial Real Estate Services has negotiated the sale of a freestanding industrial building located at 2520 E. Rose Garden Lane in Phoenix. A private Taiwanese investment company acquired the asset from a privately held California company for $10.6 million. Situated in Phoenix’s Deer Valley submarket, the property offers 43,338 square feet of single-tenant industrial space, including 6,500 square feet of office space. Both the office and manufacturing areas are fully air conditioned. The building features a clear height of 18 feet, two dock-high loading doors and one ground-level loading door. Trevor McKendry, Chris Rogers, Parker Houston, Nick Reinhardt, Beau Citron and Nick Fajardo of DAUM represented the seller and procured the buyer in the off-market transaction.

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Marcus & Millichap Brokers $8.2M Sale of Industrial Property in Rocklin, California

Amy Works — Tue, 20 Oct 2026 13:51:07 +0000

ROCKLIN, CALIF. — Marcus & Millichap has arranged the purchase of an industrial property located at 4335 Pacific St. in Rocklin. Dees Burke Engineering Constructors acquired the asset from Kurt Steil, a private investor, for $8.2 million, or $202.67 per square foot. Edward Nelson and Eddie Nelson II of Marcus & Millichap represented the buyer, while Nathan Ballard of Keegan & Coppin and Rick Phillips of Gallelli Real Estate represented the seller in the deal. Built in 1984 on 2.9 acres, the property features 40,460 square feet of industrial space. The buyer plans to occupy all but 5,000 square feet of the property, which is currently leased to McCafferty’s Automotive.

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Colliers Brokers Sale of 32,000 SF Industrial Building in Middletown, Connecticut

Taylor Williams — Tue, 20 Oct 2026 13:38:15 +0000

MIDDLETOWN, CONN. — Colliers has brokered the sale of a 32,000-square-foot industrial building in Middletown, a southern suburb of Hartford. The building sits on a 3.5-acre site at 2303 S. Main St. and features a clear height of 20 feet. Philip Gagnon of Colliers represented the undisclosed buyer in the transaction. Yalesville Properties sold the building for an undisclosed price.

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Lincoln Property Co. Acquires 1.1 MSF Industrial Portfolio in Alpharetta, Georgia

John Nelson — Tue, 20 Oct 2026 12:35:00 +0000

ALPHARETTA, GA. — Lincoln Property Co. has acquired a 10-property industrial portfolio in Alpharetta, a northern suburb of Atlanta. The seller and sales price were not disclosed. The properties within the approximately 1.1 million-square-foot portfolio were built between 1995 and 2000 and feature 18- to 23-foot clear heights, truck courts and roughly 24 percent office finishes. The portfolio, which was fully leased at the time of sale to 21 tenants, represents the fourth acquisition for the Lincoln Logistics Fund II.

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Vestas-American Wind Technology Signs 131,000 SF Industrial Lease in Brookshire, Texas

Taylor Williams — Mon, 19 Oct 2026 14:43:17 +0000

BROOKSHIRE, TEXAS — Vestas-American Wind Technology has signed a 131,000-square-foot industrial lease in Brookshire, a western suburb of Houston. The space is located within the 17-acre Enterprise Park at Twinwood development and will be used to support Vestas’ spare parts distribution and operations across North America. Louis Rosenthal, Graham Horton, Cayla Wardenburg and Eric Turner of JLL represented the tenant in the lease negotiations. Bill Gold and Faron Wiley of CBRE represented the landlord.

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Marcus & Millichap Brokers Sale of 54,777 SF Industrial Flex Building in Aubrey, Texas

Taylor Williams — Mon, 19 Oct 2026 14:37:55 +0000

AUBREY, TEXAS — Marcus & Millichap has brokered the sale of a 54,777-square-foot industrial flex building in Aubrey, located north of the metroplex in Denton County. The building at 1518 Navo Road was constructed on 4.5 acres in 2022 and houses 20 suites. Cole Collins, Adam Abushagur and Davis Cagle of Marcus & Millichap represented the seller, Preston Forrest Capital, in the transaction and procured the buyer, Masina Investment Partners.

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Speed Bay Warehouse Solutions Buys 488,936 SF Industrial Portfolio in Greater Philadelphia

Taylor Williams — Mon, 19 Oct 2026 14:16:53 +0000

PHILADELPHIA —Denver-based investment firm Speed Bay Warehouse Solutions has purchased a portfolio of eight industrial buildings totaling 488,936 square feet in the greater Philadelphia area. Collectively known as the Philadelphia Interstate Portfolio, the buildings are located throughout New Jersey’s Burlington County and Pennsylvania’s East Montgomery and Delaware counties. Building vintages span 1972 to 2004. The average unit size is 20, 372 square feet, and the buildings’ clear heights range from 17 to 33 feet. The portfolio was approximately 90 percent leased at the time of sale. The seller and sales price were not disclosed.

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Hamilton, Clarion Purchase Former Bridgestone Tire Plant in Middle Tennessee, Plan 1.5 MSF Redevelopment

Abby Cox — Mon, 19 Oct 2026 13:39:16 +0000

LA VERGNE, TENN. — Hamilton Development and Clarion Partners have purchased the former Bridgestone Americas tire plant in La Vergne, a southeast suburb of Nashville, with plans to redevelop the site into a master-planned industrial park. Jeff Feste and Dan McGillicuddy of JLL brokered the transaction. Feste, along with Christopher Gaw, Kelsey Johnson and Carly Seaman of JLL, will lead leasing efforts for the new site. Situated at 1201 Bridgestone Parkway, the 135-acre redevelopment will span 1.5 million square feet across 10 buildings. The site offers multiple opportunities for flexible build-to-suit or speculative space, with the ability to accommodate tenants from 80,000 to 250,000 square feet. The site plan also features a future retail building on the corner of Waldron Road and Bridgestone Parkway. The first phase of the project, which will begin immediately with demolition work of the existing Bridgestone plant, includes the construction of buildings 1 through 6, collectively totaling more than 760,000 square feet of space. Phase I is set to deliver in the second quarter of 2028. Major employers like FedEx, Amazon, UPS, The Home Depot, Quanta and Coca-Cola are also located nearby.

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Silver Creek Development Sells 2 MSF Industrial Facility in Illinois to Michelin North America for $151M

Kristin Harlow — Mon, 19 Oct 2026 13:14:43 +0000

WILMINGTON, ILL. — Silver Creek Development has sold a 2 million-square-foot industrial facility and adjacent land parcel to Michelin North America for $151 million. Located at 29900 S. Graaskamp Blvd. in Wilmington, about 60 miles southwest of downtown Chicago, the regional distribution property sits on a 91-acre site and is fully occupied by Michelin North America. The company uses the property to house inventory serving dealers and automakers throughout the Midwest and western U.S. Silver Creek acquired the property from Transwestern Development Co. in 2021 for $126 million. Pacific Life Insurance Co. provided $81.9 million in financing for Silver Creek’s original acquisition.

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GSK to Invest $800M in Metro Philadelphia Life Sciences, Manufacturing Facilities, Create 300 New Jobs

Taylor Williams — Mon, 19 Oct 2026 11:51:00 +0000

UPPER MERION, PA. — Global pharmaceutical company GSK plc (NYSE: GSK) will invest $800 million in its life sciences and manufacturing facilities in metro Philadelphia, an initiative that is expected to create about 300 new jobs within the local economy. The announcement is a follow-up to the company’s pledge in late September to invest $30 billion in research-and-development (R&D) and manufacturing initiatives over the next five years, with $1.2 billion earmarked for expanding its existing technologies and advanced manufacturing sites, including its metro Philadelphia facilities. The existing facilities are located in Upper Merion Township, about 20 miles northwest of Philadelphia. The expansion will involve some demolition of existing facilities to establish a biopharmaceutical innovation and manufacturing hub, integrating commercial production, R&D and advanced digital capabilities in a single site. Construction is scheduled to begin next year. The new jobs are expected to be created over a five-year period, bringing GSK’s total employment in the region to about 4,500 positions. GSK announced a similar $800 million investment in its pharmaceutical and biotechnology facilities in Lancaster, about 70 miles west of Philadelphia, about two years ago. The company will be eligible for tax benefits through Pennsylvania’s Qualified Manufacturing Innovation and Reinvestment Deduction…

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Greenheck Group to Open 1.3 MSF Manufacturing Facility in Owasso, Oklahoma

Taylor Williams — Fri, 16 Oct 2026 15:11:44 +0000

OWASSO, OKLA. — Greenheck Group, a provider of commercial air movement, control and conditioning equipment, will open a 1.3 million-square-foot manufacturing facility in Owasso, a northern suburb of Tulsa. Greenheck has acquired a 72-acre distribution campus that was formerly operated by Macy’s, and the new manufacturing plant is expected to generate about 700 new jobs within the local economy over the next five years. In addition, the project represents a total capital investment of about $300 million in the regional economy. Greenheck expects to finalize initial building upfit improvements by spring 2027, with production beginning shortly thereafter.

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Stream Realty Partners Nears Completion of 215,891 SF Industrial Project in Spring, Texas

Taylor Williams — Fri, 16 Oct 2026 15:03:41 +0000

SPRING, TEXAS — Stream Realty Partners is nearing completion of Summit Grove Business Park, a 215,891-square-foot industrial project in the northern Houston suburb of Spring. Building One is a 124,930-square-foot, rear-load structure that is currently available for lease. Building Two is a 90,961-square-foot facility that is fully preleased to an undisclosed, energy services company. Garrett Thomas and David Munson of Cushman & Wakefield represented the tenant in the lease negotiations for Building Two. Tyler Maner, Abe Richardson and Grant Wisenbaker represented ownership on an internal basis.

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