Industrial

DHPH Receives $19.2M Construction Loan for Office-to-Industrial Conversion Project in Metro Boston

by Taylor Williams March 19, 2025

CHELMSFORD, MASS. — DH Property Holdings (DHPH) has received a $19.2 million construction loan for an office-to-industrial conversion project in Billerica, located northwest of Boston. The regional developer plans to demolish a 102,786-square-foot office building at 270 Billerica Road and construct a 91,606-square-foot industrial facility with a clear height of 32 feet, 12 dock positions and parking for 181 cars and 11 trailers. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Ianno and Stanley Cayre of Walker & Dunlop arranged the loan through Voya Financial on behalf of DHPH.

March 19, 2025

Acquisitions Development Industrial Lee & Associates Midwest Wisconsin

Lee & Associates Negotiates $24.5M Land Sale in Southeast Wisconsin Slated for Industrial Development

by Kristin Harlow March 19, 2025

CALEDONIA, WIS. — Lee & Associates has negotiated the $24.5 million sale of 223 acres of land in Caledonia within Southeast Wisconsin. The site was formerly known as South Hills Country Club. The transaction marks the largest land acquisition in Southeast Wisconsin since Microsoft acquired 467 acres in late 2023, according to Lee & Associates. Thomas Boyle of Lee & Associates represented the buyer, New York-based Ashley Capital, which plans to build a 4 million-square-foot industrial park on the site. Named South Hills Commerce Center, the project will feature 10 buildings ranging in size from 218,400 to 554,000 square feet. Hintz Real Estate Development Co. LLC was the seller.

March 19, 2025

Industrial Leasing Activity Utah Western

CandyCo Leases 110,004 SF Manufacturing Facility in American Fork, Utah

by Amy Works March 19, 2025

AMERICAN FORK, UTAH — CandyCo, a confectionary manufacturer, has signed a lease with owner/developer Robinson Brothers to occupy North Pointe Building F at 1260 S. 630 W in American Fork. The 110,004-square-foot facility is tailored to the tenant’s manufacturing needs. Jarrod Hunt of Colliers handled the negotiations for the lease.

March 19, 2025

Arkansas Development Industrial Southeast

Dollar General Opens $160M Distribution Center in North Little Rock, Arkansas

by John Nelson March 19, 2025

NORTH LITTLE ROCK, ARK. — Dollar General opened its new distribution center in North Little Rock in February, the retailer’s first warehouse facility in Arkansas. The $160 million development is expected to create 300 new jobs at full capacity and support Dollar General’s traditional, DG Fresh and DG Private Fleet distribution channels. The facility spans more than 1 million square feet in Pulaski County. Dollar General opened its first store in Arkansas 50 years ago in 1975 and currently employs more than 5,700 Arkansans through its and store and distribution center presence.

March 19, 2025

Acquisitions Industrial Southeast Virginia

JLL Income Property Trust Purchases Richmond Distribution Center for $40.7M

by John Nelson March 19, 2025

RICHMOND, VA. — Chicago-based JLL Income Property Trust has purchased a 280,000-square-foot distribution center in Richmond for $40.7 million. The Class A property was delivered in 2022 and features a 200-foot truck court, 32-foot clear heights, truck storage spaces and cold storage areas. The property has direct access to I-895 and is located within two miles of Richmond International Airport and eight miles from I-95. Two unnamed, global tenants occupy the facility with a weighted average lease term (WALT) of 8.4 years.

March 19, 2025

Acquisitions Industrial South Carolina Southeast

Avison Young Brokers $11.5M Sale of Industrial Facility in Metro Charlotte

by John Nelson March 19, 2025

ROCK HILL, S.C. — Avison Young has brokered the $11.5 million sale of a 120,000-square-foot industrial facility located near I-77 at 2690 Commerce Drive in Rock Hill, a South Carolina suburb of Charlotte. Chris Loyd, Tom Tropeano and Ryan Kendall of Avison Young represented the seller, Graham Capital, in the transaction. The buyer, Dallas-based Leon Industrial, has tapped Avison Young to handle leasing of the property moving forward.

March 19, 2025

Development Industrial Self-Storage Texas

Bakke, BCDC Break Ground on 744-Unit Self-Storage Facility in West San Antonio

by Taylor Williams March 18, 2025

SAN ANTONIO — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on Talleybak Storage, a 744-unit self-storage facility in San Antonio. The three-story facility will be located in the Alamo Ranch submarket on the city’s west side and will span 82,938 net rentable square feet of space. Project partners include Alamo Architects, MBC Engineers and Independent Contractors. Completion is slated for early 2026. The project marks the eighth self-storage collaboration between Bakke and BCDC, including a 751-unit facility at the corner of SW Loop 410 and Palo Alto Road in San Antonio that is nearing completion.

March 18, 2025

Industrial Leasing Activity Texas

Tangram Interiors Signs 109,744 SF Industrial Lease in Coppell, Texas

by Taylor Williams March 18, 2025

COPPELL, TEXAS — Tangram Interiors has signed a 109,744-square-foot industrial lease in Coppell, located in the northern-central part of the metroplex. The Dallas-based interior design firm will occupy the entirety of the building at 301 Southwestern Blvd., which according to LoopNet Inc. was completed in 2024. Building features include 32-foot clear heights, 34 dock-high doors and 3,855 square feet of office space. Travis Sapaugh, John Paul Floyd and Seth Kelly of CBRE represented the tenant in the lease negotiations. Jeremy Kelly and Lena Thomas of Stream Realty Partners represented the landlord, Chicago-based ML Realty Partners.

March 18, 2025

Acquisitions Industrial Southeast Tennessee

Bixby Capital Management Purchases 222,382 SF Industrial Facility in Lebanon, Tennessee

by John Nelson March 18, 2025

LEBANON, TENN. — California-based Bixby Capital Management has purchased a newly constructed industrial facility located at 212 Alligood Way in Lebanon, about 22 miles east of Nashville International Airport. Completed in 2024 and currently vacant, the 222,382-square-foot property features a rear-load configuration, 32-foot clear heights, an ESFR sprinkler system, 21 dock-high doors, two drive-in doors, 32 trailer parking spaces, 2,500 square feet of speculative office space and a 135- to 185-foot truck court. George Fallon, Frank Fallon and Trey Barry of CBRE brokered the transaction. The seller and sales price were not disclosed.

March 18, 2025

Arizona Industrial Leasing Activity Western

Third-Party Logistics Company Leases 641,906 SF Industrial Property in Buckeye, Arizona

by Amy Works March 18, 2025

BUCKEYE, ARIZ. — Kenco, a third-party logistics company, has signed a lease to fully occupy Gateway I-10, an industrial building located at 440 N. 215th Ave. in Buckeye. The landlord, EQT Real Estate, acquired the fully vacant 641,906-square-foot asset in spring 2024 and rebranded the property to its current moniker. Situated on 40 acres, the freestanding building is Phase I of a larger 145-acre project, titled Buckeye I-10 Logistics that BET Investments owns and continues to develop. Mike Haenel, Andy Markham, Phil Haenel and Justin Smith of Cushman & Wakefield represented the landlord in the deal with Kenco. Last year, Cushman & Wakefield’s Will Strong, Michael Matchett and Molly Hunt of the firm’s National Industrial Advisory Group – Mountain West arranged the $60.1 million sale to EQT Real Estate from the property’s original developer, BET Investments.

March 18, 2025

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