Thursday, June 19, 2025
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Industrial

78-TW-Alexander-Drive_Durham-N.C
AcquisitionsIndustrialNorth CarolinaSoutheast

CBRE Arranges $33M Sale of New RTP Life Sciences Facility in Durham

by Hayden Spiess

DURHAM, N.C. — CBRE has arranged the $33 million sale of a biomanufacturing facility situated within Research Triangle Park (RTP) in Durham. Silver Spring, Md.-based United Therapeutics Corp. purchased the property, which totals 95,500 square feet, with plans to occupy it. Located at 78 TW Alexander Drive, the facility was delivered in 2023 and features 36-foot clear heights, seven loading docks and the option for expansion up to 190,500 square feet. Ann-Stewart Patterson and John Hogan of CBRE represented the seller, Oxford Properties Group, in the transaction. RTP is the largest biomedical research campus in the country, spanning 7,000 acres and hosting more than 300 companies including Biogen, Cisco Systems, Dell, IBM, Pfizer and Wolfspeed, among others. 

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444-Old-Wire-Rd_Springdale-Ark
AcquisitionsArkansasIndustrialSoutheast

Stoic Equity Partners Acquires 94,589 SF Industrial Facility in Springdale, Arkansas

by Hayden Spiess

SPRINGDALE, ARK. — Stoic Equity Partners has acquired a 94,589-square-foot industrial complex located at 444 Old Wire Road in Springdale. The multi-tenant facility comprises 20 suites across nine buildings. This marks the fourth asset in the state for the buyer, which owns over 1.1 million square feet of commercial space across six states in the Southeast. “We began targeting the Northwest Arkansas market earlier this year, so we are excited to get this property closed,” says Grant Reaves, cofounder and managing director of Stoic Equity Partners.  The seller and sales price were not disclosed.

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IndustrialLeasing ActivityOfficeTexas

Bradford Negotiates 26,828 SF Lease at Industrial Flex Building in Plano

by Taylor Williams

PLANO, TEXAS — Bradford Commercial Real Estate Services has negotiated a seven-year, 26,828-square-foot lease at Plano Office Commons, an industrial flex property located northeast of Dallas. The tenant, Aither Systems LLC, a provider of renewable energy solutions, is relocating from nearby Allen to an endcap space at 605 Shiloh Road. Brian Pafford and Richmond Collinsworth of Bradford represented the landlord, an entity doing business as GH Plano Tech Center Inc., in the lease negotiations.

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AcquisitionsIndustrialLee & AssociatesNew JerseyNortheast

Lee & Associates Brokers $16.5M Sale of Northern New Jersey Warehouse

by Taylor Williams

GARFIELD, N.J. — Lee & Associates has brokered the $16.5 million sale of a 73,000-square-foot warehouse in the Northern New Jersey community of Garfield. According to LoopNet Inc., the facility at 325 Midland Ave. was originally built on 2.7 acres in 1972 and features a clear height of 21 feet. Troy Wisse, Michael Schaible, Justin Smith, Chris Vassilian and Grant La Bounty of Lee & Associates represented the buyer, Deko International, in the transaction. Kevin Dudley and Kate Granahan of CBRE represented the seller, Snowball Developments. 

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16930-Valley-View-Ave-La-Mirada-CA
AcquisitionsCaliforniaIndustrialWestern

LD Valley View Holdings Acquires Industrial Asset in La Mirada, California for $32.4M

by Amy Works

LA MIRADA, CALIF. — LD Valley View Holdings has purchased an industrial asset in the Mid-Counties submarket of Los Angeles from an undisclosed seller for $32.4 million. Totaling 124,480 square feet, the asset has entitlements for a 143,627-square-foot, Class A industrial building. The property is situated on 7.2 acres at 16930 Valley View Ave. Tony Phu of Colliers represented the buyer, while Michael Kendall, Gian Bruno, Kenny Patricia and Kylie Jones of Colliers represented the seller in the deal. Chris Sheehan, Mike Foley, Jeff Smart, Liz Capati and Senna De La Cruz of Colliers provided local market advisory services.

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IndustrialLeasing ActivityMidwestMissouri

ANSCO Signs 43,000 SF Industrial Lease in St. Louis

by Kristin Harlow

ST. LOUIS — ANSCO & Associates LLC has signed a 43,000-square-foot industrial lease at 8801 Seeger Industrial Drive in St. Louis. The national telecommunications company offers comprehensive telecom services from system conceptualization to turnkey construction. Bruce Harper of Trinity Partners represented the tenant. The landlord was undisclosed.

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AcquisitionsIndustrialLee & AssociatesTexas

IRG Acquires 364,667 SF Manufacturing, Distribution Facility in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Industrial Realty Group (IRG) has acquired a 364,667-square-foot manufacturing and distribution facility in Fort Worth. The address of the property was not disclosed, but the site spans 10.4 acres and houses three buildings that were formerly owned by industrial equipment supplier S&B Technical Products, which will lease back a portion of the space. Lee & Associates is marketing the remainder of the space for lease. The new ownership plans to implement capital improvements to the property.

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McCarty-Park-San-Marcos
DevelopmentIndustrialTexas

Olive Co. Breaks Ground on 343,729 SF Industrial Project in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — Oklahoma City-based developer Olive Co. has broken ground on a 343,729-square-foot industrial project in San Marcos, located roughly midway between Austin and San Antonio, that represents Phase I of a 100-acre development known as McCarty Park. Phase I will comprise three rear-load buildings on 48.6 acres that will range in size from 94,648 to 127,480 square feet and feature 28- to 32-foot clear heights. Completion is slated for late 2025. CBRE is marketing the property for lease.

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Stoughton-Logistics-Park
DevelopmentIndustrialMassachusettsNortheast

Brookfield Underway on 880,085 SF Industrial Project in Stoughton, Massachusetts

by Taylor Williams

STOUGHTON, MASS. — Brookfield Properties is underway on construction of Stoughton Logistics Park, an 880,085-square-foot industrial project located on the southern outskirts of Boston. The 65-acre site at 45 Maple St. is a former quarry that is being redeveloped into a logistics campus with three buildings. Those buildings, one of which is already complete, range in size from 189,470 to 411,930 square feet. Buildings will feature clear heights of 36 to 42 feet, and the site also offers 6.9 acres for outdoor trailer parking/storage space. CBRE has been tapped as the leasing agent. The second and third buildings are scheduled for third-quarter 2025 deliveries.

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DevelopmentIndustrialNew JerseyNortheastOffice

Link Logistics to Undertake 123,000 SF Industrial Redevelopment in Parsippany, New Jersey

by Taylor Williams

PARSIPPANY, N.J. — Link Logistics will undertake a 123,000-square-foot industrial redevelopment project in the Northern New Jersey community of Parsippany. According to Parsippany Focus, the 10.4-acre site at 2 Hilton Court was previously home to Japanese pharmaceutical company Daiichi Sankyo, which vacated the premises in 2016 but continued paying the lease through 2022. Marc Duval, Jose Cruz, Jordan Avanzato, Nicholas Stefans and Jason Lundy of JLL brokered the land sale. The seller was not disclosed, but the local publication also reports that Onyx Equities purchased the property in 2020.

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