Friday, October 31, 2025
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Industrial

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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IndustrialTexas

Stream Realty Negotiates 199,750 SF Industrial Lease in Mesquite, Texas

by Taylor Williams

MESQUITE, TEXAS — Stream Realty Partners has negotiated a 199,750-square-foot industrial lease renewal and expansion at 1201 Big Town Blvd. in the east Dallas suburb of Mesquite on behalf of CHEP USA, an Atlanta-based logistics solutions company. Cannon Green, Matt Dornak and Ryan Wolcott of Stream Realty represented the landlord, Huntington Industrial Partners, in the lease transaction. Cushman & Wakefield represented the tenant in the deal.

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FloridaIndustrialSoutheast

NGKF Negotiates 342,750 SF Industrial Lease Renewal in South Florida

by John Nelson

MEDLEY, FLA. — Newmark Grubb Knight Frank (NGKF) has arranged a long-term lease renewal for 342,750 square feet of industrial space in Medley, a town in Miami-Dade County. The tenant, Bel USA LLC, has used the space within Medley Logistics Park to manufacture and distribute promotional items like coffee mugs and T-shirts since the park opened in 2010. Steve Medwin and Nick Wigoda of NGKF represented the landlord in the $30 million lease renewal. David Albert of CBRE represented the tenant.

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