Monday, July 21, 2025
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Industrial

GeorgiaIndustrialSoutheast

CRG to Develop 1.7 MSF Spec Distribution Center Near Port of Savannah

by John Nelson

SAVANNAH, GA. — CRG, the real estate development arm of Clayco, plans to develop Northport Commerce Center, a two-building, 1.7 million-square-foot speculative distribution center near the Port of Savannah. The development will be situated on a 133-acre site at 590 and 455 Northport Parkway in Savannah. CRG expects to deliver the first building, a 832,000-square-foot facility with 220 trailer spaces and 173 dock high doors, this June. The second building will span 866,100 square feet and include 185 trailer spaces and 148 dock high doors. Both properties will feature 36-foot clear heights, ESFR sprinkler systems and LED lighting. Clayco is the design-build contractor and the company’s architecture subsidiary, Forum Studio, served as the design team for the development. CRG has selected Steve Grable and Chris Tomasulo of JLL to market and lease Northport Commerce Center. Grable and Tomasulo represented CRG in the purchase of the site from Dallas-based Stratford Land. The acquisition price was not released.

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IndustrialMichiganMidwest

Burger Negotiates 23,750 SF Industrial Lease in Romulus, Michigan

by Kristin Harlow

ROMULUS, MICH. — Burger & Co. has negotiated the lease of a 23,750-square-foot industrial building in Romulus, about 23 miles southwest of Detroit and five miles north of the Detroit Metropolitan Airport. The building is located on Cypress Road. Burger & Co. arranged the lease transaction on behalf of the landlord, D&G Construction. The tenant was not disclosed.

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IndustrialMidwestOhio

Vortech Contracting Signs 7,100 SF Industrial Lease in Sherrodsville, Ohio

by Kristin Harlow

SHERRODSVILLE, OHIO — Vortech Contracting has signed a 7,100-square-foot industrial lease in Sherrodsville, located in eastern Ohio. The oil and gas services company will occupy the warehouse and office space on a three-acre site at 20 S. Church St. Bryce Custer of NAI Spring represented both Vortech Contracting and the undisclosed landlord in the lease transaction.

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IndustrialNew JerseyNortheast

BRC Brokers 92,000 SF Industrial Lease in Riverside, N.J.

by Haisten Willis

RIVERSIDE, N.J. — Bussel Realty Corp. (BRC) has brokered a 92,000-square-foot industrial lease for Keymar Warehouse Inc. at 301 W. Washington St. in Riverside. The leased space is part of a 250,000-square-foot industrial property. Leo Esses and David Posner of BRC represented the landlord, Remy Investments LLC, in the transaction. Colliers International represented Keymar Warehouse. The property, 301 W. Washington St., is located near Exit 5 of the New Jersey Turnpike and I-295. It features 18-foot to 24-foot ceiling heights, 15 tailboards and two drive-in doors for loading. The property has 100,000 square feet of space available, and an additional 100,000 square feet of new space can be constructed on the site.

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IndustrialLoansMassachusettsNortheastOffice

Colliers Secures $9.3M Acquisition Financing for Two-Building Portfolio Purchase in Massachusetts

by Haisten Willis

BILLERICA and MARLBOROUGH, MASS. — Colliers International has secured acquisition financing for a two-building portfolio purchase consisting of 734 Forest St. in Marlborough and 35 Dunham Road in Billerica. The 120,000-square-foot flex/industrial portfolio sold to a New England-based real estate investment firm.  Colliers secured the acquisition financing from Belmont Savings. Adam Coppola, Tom Welch, John Poole and Tonia Jenkins of Colliers arranged financing.

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CaliforniaIndustrialOfficeWestern

TA Realty Sells 45-Property Industrial, Office Portfolio for $854.5M

by Jeff Shaw

LOS ANGELES, DALLAS, CHICAGO AND WASHINGTON, D.C. — Boston-based investment management firm TA Realty, acting on behalf of The Realty Associates Fund IX LP, has sold a 45-property industrial and office portfolio for $854.5 million to Brookfield-managed real estate funds. The industrial and office properties in the portfolio total 8.6 million square feet across 12 states. The majority of the properties are leased to investment-grade tenants in Los Angeles, Dallas, Chicago and Washington, D.C. The full list of properties was not released. The Realty Associates Fund IX LP is a commingled fund with $1.49 billion in equity capital. According to CoStar Group, among the Brookfield funds reported to be the buyers is its core real estate investment fund, Brookfield Premier Real Estate Partners, which launched last November. By the end of 2016, Brookfield had raised more than $1 billion for the fund. TA Realty is still pursuing sales of the fund’s remaining assets through individual and pooled transactions, according to managing partner Tom Landry. “We believe the outcome of this transaction represents an attractive risk-adjusted return on invested capital, and we look forward to distributing the proceeds to our investors,” says Landry. JLL represented TA Realty in the transaction. Nicole Dutra …

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CaliforniaIndustrialWestern

Rockefeller Group Purchases 68 Acres of Land in Perris for Distribution Centers

by Nellie Day

PERRIS, CALIF. — Rockefeller Group has purchased 68 acres of land in Perris, where it plans to construct two distribution centers totaling 1.4 million square feet. The price of the land was not disclosed. The centers will be situated about 70 miles east of the ports of Los Angeles and Long Beach. The property will be named Optimus Logistics Center. JLL’s Michael McCrary, Peter McWilliams and Nicole Welch represented Rockefeller Group in the transaction, as well as the seller, Optimus Building Corp.

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IndustrialNew YorkNortheast

ABC Carpet & Home Leases 78,000 SF Industrial Space in NYC

by Haisten Willis

NEW YORK CITY — ABC Carpet & Home has leased 78,000 square feet in Industry City, the 16-building, 6 million-square-foot innovation and manufacturing complex located in the Sunset Park neighborhood in Brooklyn. ABC Carpet & Home, a New York-based seller of home goods, is consolidating its operations — currently located in Hackensack, N.J., and the Bronx — into the space at Industry City’s building 19. Industry City’s director of leasing, Kathe Chase, led the deal alongside Chase Welles of The Shopping Center Group, which was brought onto the project to lease the property’s ground-floor spaces. ABC Carpet was represented internally.

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IndustrialMichiganMidwest

Lightning Technologies Signs 27,730 SF Industrial Lease in Rochester Hills, Michigan

by Kristin Harlow

ROCHESTER HILLS, MICH. — Lightning Technologies LLC has signed a 27,730-square-foot industrial lease in Rochester Hills, about 25 miles north of Detroit. The manufacturer of polyurea spray coating for shipping pallets will occupy the space at 2700 Bond St. Jay-R Development LLC is the building’s landlord. Larry Schultz of Friedman Integrated Real Estate Solutions represented the tenant in the lease transaction.

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IndustrialTexas

Hines Acquires 2.2M SF Industrial Park near Port Houston

by Taylor Williams

LA PORTE. TEXAS — Hines, a global real estate investment firm, has acquired Underwood Distribution Center, a Class A, 2.2 million-square-foot industrial park located at 359 Old Underwood Road in La Porte, approximately 12 miles east of Port Houston. The center consists of five buildings that are 100 percent leased, as well as three development parcels. Hines’ first addition to the property will be a 167,000-square-foot distribution building, which is slated for delivery in the fourth quarter of this year.

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