FORT WORTH, TEXAS — Cushman & Wakefield has brokered the sale of Midway Business Park, a 258,846-square-foot industrial park in East Fort Worth. Midway Business Park comprises 12 shallow-bay buildings that were constructed between 1973 and 1990 and that range in size from 2,000 to 40,000 square feet and feature a mix of front-load, cross-dock and rear-load configurations. The property was 91 percent leased to 29 tenants at the time of sale. Jim Carpenter, Jud Clements, Robby Rieke, Trevor Berry and Emily Brandt of Cushman & Wakefield represented the seller, Cohen Asset Management, in the transaction. The buyer, a partnership between Atlanta-based developer Ackerman & Co., was self-represented. The new ownership has tapped PI Real Estate Services & Investments as the leasing agent.
LAFAYETTE, GA. — Pilgrim’s, a global food company primarily known for producing and processing chicken and pork, will invest $400 million for the construction of a new prepared foods facility located in the northwestern corner of Georgia in LaFayette, about 30 miles south of Chattanooga, Tenn. Situated within Walker County Business Park, the multi-phase development is expected to create more than 630 new jobs at full capacity. The project is scheduled to break ground in the fall, and hiring is expected to begin in 2027, aligning with the scheduled completion of the first phase of construction. Lori Dowdy, in partnership with the Walker County Development Authority and Georgia Quick Start, internally represented the Georgia Department of Economic Development’s (GDEcD) Global Commerce team in the Pilgrim’s deal. Pilgrim’s currently operates seven food production facilities across Georgia, employing roughly 7,500 people.
DENVER — Malman Real Estate has arranged the purchase of an industrial property located at 4995 Olive St. in Denver. Olive HQ LLC acquired the asset from Appleman LLC for $2.7 million. Jake Malman of Malman Real Estate represented the buyer, while Russell Gruber of Gruber Commercial Real Estate represented the seller in the deal.
MOUNT PROSPECT, ILL. — Seefried Industrial Properties has preleased O’Hare Logistics Center 16, a 190,606-square-foot speculative distribution facility located at 1305 E. Algonquin Road in Mount Prospect. Accelerated Global Solutions, an air cargo and freight forwarding services company, is expanding its operations into the new property upon completion. Situated on a 13-acre site, O’Hare Logistics Center 16 is located six miles north of the Chicago O’Hare International Airport and features immediate access to I-90 and I-294. Jonathan Kohn and John D’Orazio of Colliers represented the tenant, while Jason Lev, John Suerth and Jimmy Kowalczyk of CBRE represented Seefried. FCL Builders is the general contractor, Kimley-Horn is the civil engineer and Harris Architects is the architect of record.
CHICAGO — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has purchased a 145,500-square-foot industrial building located at 11264 Corliss Ave. in Chicago. The single-tenant property was fully leased at the time of sale. Situated in the Pullman Industrial Park, the facility offers direct access to I-94 via 111th Street. Constructed in 1977, the asset features a clear height of 22 feet, 10 docks, two drive-in doors and parking for more than 129 cars. Mike Wilson, Erik Foster and Brian Colson of Avison Young represented the undisclosed seller. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.
CONROE, TEXAS — Marcus & Millichap has brokered the sale of Cool Spaces Storage, a 307-unit self-storage facility located about 40 miles north of Houston in Conroe. The property consists of eight single-story buildings on a 12-acre site that were constructed in 2021. Of the facility’s 71,520 net rentable square feet (NRSF) of space, there is 33,600 NRSF of climate-controlled space, 2,500 NRSF of non-climate-controlled space and 35,420 NRSF of RV and boat storage space. Dave Knobler, Mixson Staffel and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based developer, in the transaction. The buyer was also not disclosed.
ROANOKE, VA. — Alabama-based Graham & Co. has broken ground on a 200,000-square-foot industrial facility in Roanoke for Munters, a Swedish global climate solutions provider. Graham & Co. is serving as the developer for the build-to-suit project, while ARCO Design/Build will serve as general contractor. Additionally, Graham Capital will provide equity and source financing for the project. The development — dubbed Munters Build-to-Suit Phase II — will act as the sister building to Munters’ existing 365,000-square-foot facility, which was completed in 2020. Munters has signed a long-term lease for the new facility, which will be expandable up to 278,000 square feet.
MARYLAND HEIGHTS, MO. — McCarthy Building Cos. Inc. has broken ground on a 17-acre equipment and warehouse distribution facility in the St. Louis suburb of Maryland Heights. The McCarthy Equipment Operations Hub will span nearly 740,520 square feet and is designed to support the general contractor’s self-perform capabilities. Located in the new 141 Logistics Center, the project will include a 9.5-acre equipment yard and a 66,400-square-foot building that will include a 32,000-square-foot warehouse, 10,000-square-foot equipment maintenance shop and two-story, 24,400-square-foot office space. Completion is scheduled for 2026. The facility is also designed to support workforce development and training. St. Louis-based McCarthy says it has outgrown its current leased property in Ladue, Mo., which has been in use since the mid-1960s.
EAU CLAIRE, WIS. — Cushman & Wakefield has brokered the sale of a 702,371-square-foot manufacturing facility in Eau Claire, a city in western Wisconsin. Jordan Dick, Todd Hanson and Jason Sell of Cushman & Wakefield represented the seller, Hutchinson Technology, which previously operated the property for its production of disk drive products. TTM Technologies was the buyer. The facility at 2435 Alpine Road features infrastructure that positions it to support advanced technology printed circuit board manufacturing.
DURHAM, N.C. — JLL Capital Markets has brokered the sale of LifeScience Logistics at Durham 85, a 250,541-square-foot industrial facility situated at 2360 Ferrell Road within Durham 85 Industrial Park. The facility, which is located 10 miles from Research Triangle Park, is fully leased by LifeScience Logistics LLC, a supply chain service provider in the healthcare and pharmaceutical industries. The facility features 32-foot clear heights, ESFR fire suppression and energy-efficient LED lighting throughout the property. Dave Andrews, Pete Pittroff, Michael Scarnato and Mike Lewis of JLL represented the seller, a joint venture between Scannell Properties and Manulife Investment Management, in the transaction. Mississippi-based EastGroup Properties purchased the facility for an undisclosed price.