Monday, July 21, 2025
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Industrial

IndustrialMichiganMidwest

Businesses to invest $40.7M, Create 349 Jobs in Oakland County, Michigan

by Kristin Harlow

OAKLAND COUNTY, MICH. — Three business expansions that will generate more than $40.7 million in total investment and create 349 jobs in Oakland County have received Michigan Strategic Fund approval for support, according to the Michigan Economic Development Corp. A. Raymond Corporate North America Inc., a subsidiary of France-based A. Raymond Network, develops, manufactures and markets fastening and assembly solutions. The company plans to construct a new North American headquarters in the city of Rochester Hills, where it will expand its corporate functions and establish a new advanced engineering lab. Supported by a $600,000 Michigan Business Development Program (MBDP) performance-based grant, the project is expected to generate a total capital investment of $17.3 million and create 71 jobs over five years. Michigan was chosen over a competing site in Ohio. The city of Rochester Hills has offered support to the project in the form of property tax abatement. Turin, Italy-based Comau LLC manufactures advanced industrial automation systems designed to help companies of all sizes increase plant efficiency while lowering costs. The company plans to expand its three Michigan facilities located in Southfield, Royal Oak and Novi, investing $1.5 million and creating 200 jobs. As a result, Comau has been awarded a $400,000 …

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CaliforniaIndustrialWestern

Sorrento West Properties Acquires Industrial Building in San Diego for $20M

by Nellie Day

SAN DIEGO — Sorrento West Properties has purchased a 117,354-square-foot industrial building in the San Diego submarket of Poway for $20 million. The property is located at 14145 Danielson St. It is situated on 7.2 acres. Sorrento West represented itself, while Mickey Morera and James Duncan represented the seller in this off-market transaction.

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ColoradoIndustrialOfficeWestern

Cress Capital Purchases Office, Industrial Portfolio in Fort Collins

by Nellie Day

FORT COLLINS, COLO. — Cress Capital has purchased a 500,000-square-foot office and flex industrial portfolio in Fort Collins. The property is known as the Prospect Portfolio. It was built between 1984 and 2004. Prospect Portfolio is situated near the intersection of Prospect and Timberline, one mile west of I-25.

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CaliforniaIndustrialWestern

Westcore Buys Industrial Property in Stockton for $14.4M

by Nellie Day

STOCKTON, CALIF. — Westcore Properties has purchased a 277,500-square-foot industrial property in Stockton for $14.4 million. The property is one mile west of I-5. It can accommodate mid-sized users seeking 25,000 to 75,000 square feet of space. Mike Goldstein of Colliers International represented both the buyer and unnamed seller in this transaction.

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IndustrialLoansMidwestOhio

NorthMarq Arranges $7.7M Refinancing of Industrial Property in Sharonville, Ohio

by Kristin Harlow

SHARONVILLE, OHIO — NorthMarq Capital has arranged a $7.7 million refinancing loan for Crescent Centre in Sharonville, about 15 miles north of Cincinnati. The 131,400-square-foot industrial property spans the addresses of 12071-12082 Champion Way, 12092-12108 Champion Way and 2511 East Crescentville Road. The 10-year loan includes a 25-year amortization schedule. A life insurance company provided the loan.

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IndustrialTexas

Ridge Breaks Ground on 351,171 SF Industrial Project in Austin

by Taylor Williams

AUSTIN, TEXAS — Ridge, the industrial development branch of Transwestern Development Co., has broken ground on a 351,171-square-foot industrial project within Southpark Commerce Center in Austin. The project is expected to deliver three buildings during the fourth quarter, with each building featuring 24-foot clear heights and more than 20 dock doors and 120 parking spaces. Situated on 24.2 acres near the intersection of Interstate 35 and State Highway 71, the center will encompass 2.3 million square feet at final buildout.

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IndustrialSoutheastTennessee

Avison Young Brokers Sale of 852,370 SF GE Distribution Facility in Cleveland, Tennessee

by John Nelson

CLEVELAND, TENN. — Avison Young has brokered the sale of an 851,370-square-foot distribution facility located at 1520 Lauderdale Memorial Highway in Cleveland that is fully leased to General Electric (GE). New York-based Lexington Realty Trust purchased the asset from Chicago-based SMB Bradley for an undisclosed price. The facility is GE’s largest lighting distribution center and serves some of the world’s leading retailers, including Walmart, Lowe’s Home Improvement and Target. The property features 32-foot clear ceiling heights, T5 lighting, 350 trailer parking spaces and 250 automobile parking spaces. Excel Logistics, a division of DHL, has operated the facility since 2007. Erik Foster, Mike Wilson, Sue Earnest and Chris Skibinski of Avison Young represented the seller in the transaction.

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IndustrialOklahoma

TierPoint to Build 60,000 SF Data Center in Metro Tulsa

by Taylor Williams

BROKEN ARROW, OKLA. — Tierpoint, a Missouri-based IT firm, will build a 60,000-square-foot data center that includes infrastructure support and office space in the Tulsa metro of Broken Arrow. The initial phase of construction, which will deliver 30,000 square feet of total space and 16,000 square feet of raised floor, will cost approximately $20 million. Completion is scheduled for late 2017. The property will be TierPoint’s fourth data center in Oklahoma.

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IndustrialSoutheastTennessee

HSA Commercial Signs Geodis Logistics to 372,181 SF Industrial Lease in Metro Nashville

by John Nelson

LEBANON, TENN. — HSA Commercial Real Estate has signed Geodis Logistics LLC to a 372,181-square-foot lease at Commerce Farms V, a newly built industrial project in Lebanon, a suburb of Nashville. Geodis will use the facility as a worldwide coffee retailer distribution center. HSA Commercial and Washington Capital Management Inc. recently delivered Commerce Farms V, which is located on 41 acres at the junction of State Route 840 and Highway 109 near Interstates 40, 24 and 65. The project features 32-foot clear heights, 26 truck doors and two drive-in doors. Randy Wolcott, Chad Tuck and Joe DeLemos of NorthStar Real Estate Advisors represented HSA Commercial in the lease negotiations with Geodis.

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IndustrialMidwestOhio

Covington Group Acquires 500,625 SF Industrial Warehouse in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Covington Group Inc. has acquired a 500,625-square-foot industrial warehouse and distribution facility in Columbus for an undisclosed price. The two-building property is located near the John Glenn Columbus International Airport. A single tenant occupies 70 percent of the property. Covington plans to make improvements to the buildings such as exterior painting, landscaping, new signage and a refocused leasing effort. Covington also acquired an industrial building in Baltimore as part of the same transaction.

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