Industrial Archives - REBusinessOnline

Joint Venture to Develop 749,016 SF Industrial Project Near Houston Airport

Taylor Williams — Thu, 12 Nov 2026 16:29:00 +0000

HOUSTON — A joint venture between two Houston-based groups, Transwestern Investments and Hanover Co., will develop Rankin 59, a 749,016-square-foot industrial project in North Houston. The site is located at the corner of Rankin Road and U.S. Highway 59/I-69, adjacent to George Bush Intercontinental Airport. The development will consist of a single cross-dock facility with 40-foot clear heights, 130- to 185-foot truck court depths, 106 dock doors and parking for 429 cars and 140 trailers. Construction is expected to begin in January and to last about 12 months.

The post Joint Venture to Develop 749,016 SF Industrial Project Near Houston Airport appeared first on REBusinessOnline.

CubeSmart to Open 949-Unit Self-Storage Facility in Yonkers, New York

Taylor Williams — Thu, 12 Nov 2026 16:18:59 +0000

YONKERS, N.Y. — CubeSmart will open a 949-unit self-storage facility in Yonkers, located north of New York City. New York-based Cayre Equities is developing the facility at 1060 Nepperhan Ave., and construction has now passed the midpoint and is expected to be complete in the second or third quarter of next year. Miami-based lender 3650 Capital provided a $24 million construction loan for the project that carried a 36-month term with a six-month extension option. David Eyzenberg of Eyzenberg & Co. arranged the loan on behalf of the developer.

The post CubeSmart to Open 949-Unit Self-Storage Facility in Yonkers, New York appeared first on REBusinessOnline.

Marcus & Millichap Brokers Sale of 717-Unit Self-Storage Facility in Malden, Massachusetts

Taylor Williams — Thu, 12 Nov 2026 16:16:21 +0000

MALDEN, MASS. — Marcus & Millichap has brokered the sale of a 717-unit self-storage facility in Malden, located north of Boston. Extra Space Storage operates the facility, which totals 74,795 net rentable square feet and was roughly 91 percent occupied at the time of sale. Nathan Coe, Gabriel Coe, Brett Hatcher and Thomas Shihadeh of Marcus & Millichap represented the seller, Calare Properties, in the transaction and procured the buyer, Hearthfire Holdings. The sale also included a 25,095-square-foot warehouse that is fully leased to Canadian logistics company UniUni and a 3,400-square-foot kiosk.

The post Marcus & Millichap Brokers Sale of 717-Unit Self-Storage Facility in Malden, Massachusetts appeared first on REBusinessOnline.

Helix Electric Breaks Ground on 1.2 MSF Advanced Fabrication Campus in Hollywood, Alabama

John Nelson — Thu, 12 Nov 2026 15:32:58 +0000

HOLLYWOOD, ALA. — Helix Electric Inc., a national electrical contractor, has broken ground on the first phase of a 1.2 million-square-foot advanced fabrication campus in Hollywood, a northeast Alabama city in Jackson County. Phase I will span 300,000 square feet of modular space and will be complete in 2028. Helix Electric will employ more than 150 people in the first phase and will produce prefabricated electrical components for users in several industries, including data centers, advanced manufacturing, multifamily and commercial real estate.

The post Helix Electric Breaks Ground on 1.2 MSF Advanced Fabrication Campus in Hollywood, Alabama appeared first on REBusinessOnline.

Marcus & Millichap Negotiates $18.1M Sale of Flex Industrial Campus in Indianapolis

Kristin Harlow — Thu, 12 Nov 2026 14:36:27 +0000

INDIANAPOLIS — Marcus & Millichap has negotiated the $18.1 million sale of Directors Row Business Center, an eight-building office and flex industrial campus in Indianapolis. Gus Poulos and Forest Bender of Marcus & Millichap represented the seller, South Carolina-based Ziff Real Estate Partners. Bender and Zach Rogers, also from The Bender Group out of the firm’s Indianapolis office, procured the Michigan-based buyer. Located at the entrance to Park Fletcher near Indianapolis International Airport, Directors Row Business Center comprises 214,200 square feet across six industrial buildings and two office buildings. The campus features 39 suites and is 91 percent occupied.

The post Marcus & Millichap Negotiates $18.1M Sale of Flex Industrial Campus in Indianapolis appeared first on REBusinessOnline.

Amazon to Open Data Center Campus in Glen Rose, Texas, Create 550 Jobs

Taylor Williams — Wed, 11 Nov 2026 16:32:55 +0000

GLEN ROSE, TEXAS — Amazon plans to open a data center campus in Glen Rose, about 55 miles southwest of Fort Worth, an initiative that the Seattle-based conglomerate says will create about 550 new full-time jobs. The acreage of the site and total power capacity of the campus were not disclosed, but Data Center Dynamics reported earlier this year that according to a tax abatement application filed by Amazon, the project “could total up to 18 two-story buildings across some 435 acres and some $5 billion invested.” Those figures were also reported by Crypto Briefing in early November, at which time that outlet also reported that the campus would be known as Project Spectrum and was tied to a power purchase agreement of up to 1,200 megawatts.

The post Amazon to Open Data Center Campus in Glen Rose, Texas, Create 550 Jobs appeared first on REBusinessOnline.

HLCI Breaks Ground on 191,768 SF Industrial Project in Northwest Houston

Taylor Williams — Wed, 11 Nov 2026 16:28:19 +0000

HOUSTON — Holt Lunsford Commercial Investments (HLCI), the investment and development arm of the Dallas-based brokerage firm of the same name, has broken ground on The Bend at 249, a 191,768-square-foot industrial project in northwest Houston. The site spans 14.4 acres along State Highway 249, and the development will consist of a single rear-load building with 36-foot clear heights, drive-in ramps with oversized doors, 44 dock-high doors and 61 trailer parking stalls. HLCI has tapped CBRE to market the project for lease. Construction is expected to be complete in the second quarter of next year.

The post HLCI Breaks Ground on 191,768 SF Industrial Project in Northwest Houston appeared first on REBusinessOnline.

Faropoint Receives $474M Loan for Refinancing of National Industrial Portfolio

Taylor Williams — Wed, 11 Nov 2026 15:52:14 +0000

HOBOKEN, N.J. — New Jersey-based investment firm Faropoint has received a $474 million loan for the refinancing of a national portfolio of 85 industrial buildings. The addresses of the buildings were not disclosed, but the portfolio spans 12 states, with concentrations in the Chicago, Philadelphia and New York/Northern New Jersey markets. Truist Bank and Capital One co-provided the debt, with the $474 million representing an initial advance and the lenders committing an additional $84 million that will be available through an earn-out and holdback as the portfolio’s net operating income (NOI) increases. The loan also includes an accordion feature of up to $700 million to fund new properties and/or further earn-out beyond the $557 million as NOI increases and valuations grow.

The post Faropoint Receives $474M Loan for Refinancing of National Industrial Portfolio appeared first on REBusinessOnline.

Prologis Breaks Ground on 1.3 MSF Logistics Facility in Jackson, Georgia

John Nelson — Wed, 11 Nov 2026 15:44:43 +0000

JACKSON, GA. — Prologis has broken ground on a nearly 1.3 million-square-foot cross-dock logistics facility at Prologis 75 Commerce Center in Jackson, a city southwest of Atlanta in Butts County. The development sits in Atlanta’s I-75 South submarket and will feature 42-clear heights, 258 dock doors, four drive-in doors, a 190-foot truck court, parking for more than 500 cars and 600 trailers, 70-foot speed bays, an 8-inch reinforced slab and two 4,000-amp connections. Prologis is pursuing LEED Silver certification for the project, which will have the capacity for both solar arrays and electric vehicle parking.

The post Prologis Breaks Ground on 1.3 MSF Logistics Facility in Jackson, Georgia appeared first on REBusinessOnline.

Panattoni Receives $58.7M Refinancing for Northern Parkway Logistics Center in Glendale, Arizona

Amy Works — Wed, 11 Nov 2026 14:32:01 +0000

GLENDALE, ARIZ. — Panattoni Development Co. has received $58.7 million in refinancing for Northern Logistics Center, a Class A industrial portfolio in Glendale. Jason Carlos, Frank Choumas, Ross Jorgensen and Andrew Mings of JLL Capital Markets secured the three-year, floating-rate loan through Mesa West Capital for the borrower. Completed in 2025, Northern Parkway Logistics Center features 445,187 square feet of industrial space spread across three buildings at 12815 W. Northern Ave. and 12795 W. Northern Ave. The property features 32- to 36-foot clear heights, 73 dock-high doors, eight grade-level doors, heavy power capabilities ranging from 3,000 to 6,000 amps, ESFR sprinkler systems, 62 trailer parking stalls and 451 vehicle parking spaces. The buildings are designed to accommodate both single-tenant and multi-tenant users. At the time of financing, the property was 57.9 percent leased.

The post Panattoni Receives $58.7M Refinancing for Northern Parkway Logistics Center in Glendale, Arizona appeared first on REBusinessOnline.

Macroeconomics Complicate Recalibration of Northeast Industrial Investment Sales Market

Taylor Williams — Wed, 11 Nov 2026 13:04:00 +0000

By Taylor Williams (Editor’s note: This story was finalized in advance of the Federal Reserve meeting on Wednesday, Oct. 28.) When it comes to “normalization” in commercial real estate, the investment sales community is usually last in line to experience the trend. Recovery, rightsizing, recalibration — whatever “R” word you prefer — increased tenant absorption is usually one of the first indicators of a positive inflection point in any commercial market. Although investors and their brokers can see leasing activity in real time — and for the industrial markets of the Northeast, that activity is encouraging at the moment — determining whether said absorption is a trend or a blip requires a certain amount of data. Aggregating sufficient data takes time. And when the broader economy is subject to violent, unexpected swings like it is today, by the time that information has been digested by the investment sales community, the broader landscape may have shifted considerably. In addition, now that fundamentals and supply-demand balances across most Northeast industrial markets have settled back to more normal dynamics, investors too must get back to more standard underwriting practices. That means stipulating an exit cap rate that is legitimately achievable and putting forth…

The post Macroeconomics Complicate Recalibration of Northeast Industrial Investment Sales Market appeared first on REBusinessOnline.

MDH Partners Acquires 129,301 SF Industrial Building in Laredo, Texas

Taylor Williams — Tue, 10 Nov 2026 15:38:32 +0000

LAREDO, TEXAS — Atlanta-based investment firm MDH Partners has acquired a 129,301-square-foot industrial building in the South Texas city of Laredo. Built in 2000 within Milo Industrial Park, the single-tenant, rail-served facility at 302 Grand Central Blvd. features 44 dock-high doors and 47 trailer parking stalls and was fully leased at the time of sale to an affiliate of German logistics company DHL Supply Chain. Craig Tomlinson of Northmarq represented the undisclosed seller in the transaction. Makenna Barbara represented MDH Partners on an internal basis.

The post MDH Partners Acquires 129,301 SF Industrial Building in Laredo, Texas appeared first on REBusinessOnline.

Lee & Associates Negotiates 32,375 SF Industrial Lease in Frisco

Taylor Williams — Tue, 10 Nov 2026 15:34:59 +0000

FRISCO, TEXAS — Lee & Associates has negotiated a 32,375-square-foot industrial lease in Frisco, located north of Dallas. The tenant is Austin-based energy storage company Base Power Inc. The building at 15691 FM 423 is one of three within Frisco Trade Center, a 581,256-square-foot development owned by Dallas-based Dalfen Industrial. Brett Lewis, Taylor Stell and George Tanghongs of Lee & Associates represented the landlord in the lease negotiations.

The post Lee & Associates Negotiates 32,375 SF Industrial Lease in Frisco appeared first on REBusinessOnline.

Ariel Property Advisors Negotiates $10.7M Sale of Bronx Industrial Building

Taylor Williams — Tue, 10 Nov 2026 14:49:31 +0000

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $10.7 million sale of a 90,000-square-foot vacant industrial building in The Bronx. The four-story facility at 425 Devoe Ave. features 60,000 square feet of above-grade space and 30,000 square feet of below-grade space and includes covered truck-level loading docks and four drive-in doors. Jason Gold, Sean Kelly and Daniel Mahfar of Ariel the seller, Abingdon Square Partners, in the transaction. The buyer was MADDD Equities.

The post Ariel Property Advisors Negotiates $10.7M Sale of Bronx Industrial Building appeared first on REBusinessOnline.

JLL Arranges $155M Construction Loan for Buckeye Yards Industrial Development in Columbus

Kristin Harlow — Tue, 10 Nov 2026 14:23:18 +0000

COLUMBUS, OHIO — JLL Capital Markets has arranged a $155 million construction loan for Buckeye Yards, a four-building industrial development totaling 1.8 million square feet in Columbus. The project is being developed on a former rail yard site west of downtown Columbus. The first phase of the master-planned development will encompass 153 acres of logistics and distribution space. Danny Kaufman, Lucas Borges, Brian Walsh, Michael Gurwin and Emma Berner of JLL worked on behalf of the borrower, Xebec and its institutional capital partner, to secure a loan through Oxford Properties. Buckeye Yards is the redevelopment of a former Norfolk Southern rail yard into a large-scale logistics campus. Upon completion, the first phase will feature four buildings ranging from approximately 205,000 square feet to more than 910,000 square feet. The development will include both rear-load and cross-dock configurations, clear heights ranging from 36 to 40 feet, 349 dock doors, 1,180 automobile parking spaces and 477 trailer parking stalls. The property will benefit from a 10-year tax abatement structure.

The post JLL Arranges $155M Construction Loan for Buckeye Yards Industrial Development in Columbus appeared first on REBusinessOnline.

Briohn Building Corp. Breaks Ground on 112,500 SF Industrial Facility in Cudahy, Wisconsin

Kristin Harlow — Tue, 10 Nov 2026 14:20:10 +0000

CUDAHY, WIS. — Briohn Building Corp. has broken ground on a 112,500-square-foot industrial facility for developer Twelve2 in Cudahy. The precast concrete building, located at 5030 S. Pennsylvania Ave., will feature 104,000 square feet of warehouse space along with office space and is planned to support around 60 jobs once operational. Frontera Worldwide, a logistics company based in Cudahy, has signed on as the building’s tenant. Completion is slated for spring 2027.

The post Briohn Building Corp. Breaks Ground on 112,500 SF Industrial Facility in Cudahy, Wisconsin appeared first on REBusinessOnline.

Creation, PCCP Begin Construction on 330,000 SF Industrial Park in East Tampa

John Nelson — Tue, 10 Nov 2026 13:10:00 +0000

TAMPA, FLA. — A joint venture between Creation and PCCP has begun construction on 301 Exchange, a three-building, 330,000-square-foot industrial park located on Tampa’s east side. The 51-acre park will be situated at the intersection of U.S. Highway 301 and East Sligh Avenue, roughly two miles from I-4. 301 Exchange will comprise three rear-load buildings featuring 32-foot clear heights. The project team, including design-build firm LGE Design Build, plans to deliver the park by the end of 2027. The project represents the first development in Florida for Creation.

The post Creation, PCCP Begin Construction on 330,000 SF Industrial Park in East Tampa appeared first on REBusinessOnline.

MacKenzie Commercial Brokers $11.5M Sale of Baltimore County Warehouse

John Nelson — Tue, 10 Nov 2026 13:04:23 +0000

HALETHORPE, MD. — MacKenzie Commercial Services has brokered the $11.5 million sale of a 105,732-square-foot warehouse located at 4665 Hollins Ferry Road in Halethorpe, a suburb in Baltimore County. The buyer, VeryBest Wholesales, is relocating to the single-story warehouse from another location in Jessup, Md. Saver Automotive Products is the seller of the Halethorpe facility, which was delivered in 1972 and sits adjacent to I-895. Matthew Curran and Andrew Meeder of MacKenzie Commercial brokered the transaction.

The post MacKenzie Commercial Brokers $11.5M Sale of Baltimore County Warehouse appeared first on REBusinessOnline.

Honda to Invest $3B in Vehicle Assembly Plant in Marysville, Ohio, Create 2,000 Jobs

Abby Cox — Tue, 10 Nov 2026 12:58:00 +0000

MARYSVILLE, OHIO — American Honda Motor Co. plans to invest $3 billion to build a new vehicle assembly plant in Marysville, a suburb of Columbus. The automaker said in a statement that construction of the new facility, which will be located near its existing East Liberty Auto Plant and Marysville Auto Plant, is anticipated to begin in January 2027. Honda expects the production facility to be fully operational by 2029 and to ultimately employ more than 2,000 people. “By expanding our comprehensive R&D [research and development] and manufacturing capabilities, we will be better positioned to serve our customers and contribute to the economic vitality of the communities where we operate,” says Bob Nelson, executive vice president of American Honda Motor Co., the Japanese automaker’s American U.S. affiliate. The new facility will have the capacity to produce approximately 240,000 vehicles annually, including traditional vehicles with internal combustion engines, all-electric vehicles and hybrid models. The plant is also anticipated to increase Honda’s light-duty vehicle capacity to 1.3 million units annually in the United States. The company currently has 12 manufacturing plants in the country, eight of which produce engines or light-duty vehicles for the auto industry. The new Ohio plant and projects underway…

The post Honda to Invest $3B in Vehicle Assembly Plant in Marysville, Ohio, Create 2,000 Jobs appeared first on REBusinessOnline.

Marcus & Millichap Brokers Sale of 950-Unit Self-Storage Portfolio in Metro Fort Worth

Taylor Williams — Mon, 09 Nov 2026 16:07:23 +0000

SPRINGTOWN AND AZLE, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of two self-storage facilities totaling 950 units in Springtown and Azle, both of which are located northwest of Fort Worth. The Springtown & Azle Storage Portfolio spans 150,980 net rentable square feet of space across more than 15 acres. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a DFW-based, family-owned partnership, in the transaction and procured the buyer, an entity doing business as 10 Federal. The same buyer recently purchased the 359-unit KO Storage facility that is also located in Azle.

The post Marcus & Millichap Brokers Sale of 950-Unit Self-Storage Portfolio in Metro Fort Worth appeared first on REBusinessOnline.