Wednesday, November 12, 2025
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Industrial

EastPort-Logistics-Boise-ID
DevelopmentIdahoIndustrialWestern

Lincoln Property Co., OneIM Break Ground on 1 MSF Industrial Project in Boise

by Amy Works

BOISE, IDAHO — A joint venture between Lincoln Property Co. and One Investment Management (OneIM) has broken ground on EastPort Logistics, a multi-phase industrial development situated on 78 acres in Boise’s Airport submarket. Phase I of EastPort will include 685,000 square feet across four buildings, ranging in size from 12,500 square feet to 378,560 square feet. Upon full build-out, EastPort Logistics will feature seven buildings with clear heights up to 32 feet, more than 1,300 car parking spaces, 168 trailer parking spaces and 196 dock doors. Additional site features will include landscaping and a berm to alleviate light and/or noise from within the site. The project team for phase I includes Mackenzie as architect of record, Kimley Horn as civil engineer and McAlvain as general contractor. TOK Commercial is handling marketing and leasing for the development.

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AcquisitionsCaliforniaIndustrialLoansWestern

JLL Secures $32.2M in Acquisition Financing for Inland Empire West Industrial Portfolio in California

by Amy Works

CHINO AND POMONA, CALIF. — JLL Capital Markets has arranged $32.2 million in financing for Proficiency Capital’s acquisition of McGee Business Center I & II, an industrial portfolio in Chino and Pomona. Peter Thompson, Kyle White and Nick Englhard of JLL secured the three-year, floating-rate loan through a bank for the borrower. McGee Business Center consists of two fully leased industrial parks totaling 231,696 square feet. Business Park 1, located at 2300 S. Reservoir St. in Pomona, features four buildings totaling 128,800 square feet. Business Park II, located at 12301-12395 Mills Ave. in Chino, consists of five buildings totaling 101,896 square feet. Constructed in 1981 and 1987, the property features 71 industrial suites averaging 3,263 square feet.

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AcquisitionsIndustrialTexas

Disney Investment Group Brokers Sale of 47,857 SF Retail Building in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — Disney Investment Group (DIG) has brokered the sale of a 47,857-square-foot, single-tenant retail building located at 724 W. Main St. in the northern Dallas suburb of Lewisville that is leased to ethnic grocer Fiesta Mart. According to LoopNet Inc., the property was built in 1983 and renovated in 1992. David Disney and Adam Crockett of DIG represented the seller in the transaction. DuWest Realty represented the buyer. Both parties requested anonymity.

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IndustrialLeasing ActivityMidwestMinnesota

Two Tenants Sign Leases at 297,756 SF I-94 Distribution Center in Rogers, Minnesota

by Kristin Harlow

ROGERS, MINN. — Two tenants have signed leases at I-94 Distribution Center in Rogers, a northwest suburb of Minneapolis. The deals total 116,042 square feet of warehouse space and 66,179 square feet of outdoor space, bringing the 297,756-square-foot property to full occupancy. ABC Supply Co. Inc, a wholesale distributor of roofing and other select exterior and interior building products in North America, signed a lease for 49,954 square feet inside the building and 66,179 square feet, or approximately 1.5 acres, of secure outdoor space. UPAC2, a food packaging company, will occupy 66,088 square feet within the property. Nate Erickson and Alex Baron of Transwestern Real Estate Services represented the landlord, Dalfen Industrial. The previous tenant exited I-94 Distribution Center in March, and both new tenants plan to move into their spaces in early 2025. Joe Owens of Colliers represented ABC Supply, while Austin Lovin of CBRE represented UPAC2.

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AcquisitionsIllinoisIndustrialMidwest

Venture One Buys 74,975 SF Industrial Building in Elk Grove Village, Illinois

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has purchased a 74,975-square-foot industrial building in the Chicago suburb of Elk Grove Village. The purchase price was undisclosed. The property sits on nearly three acres at 951 Lunt Ave. and was vacant at the time of sale. There are eight docks and parking for 70 cars. Prior to closing, Venture One received a 6B tax incentive from Elk Grove Village. Venture One plans to make improvements, including office renovations, warehouse paint, parking lot seal coating, energy-efficient warehouse lights, roof replacement, landscaping and façade enhancements. Cal Payne and Matt Mulvihill of CBRE represented the seller and will be retained to market the property for lease. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

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DevelopmentIndustrialMidwestTop StoriesWisconsin

Lilly Plans $3B Expansion to Pharmaceutical Manufacturing Facility Near Milwaukee

by John Nelson

PLEASANT PRAIRIE, WIS. — Eli Lilly and Co. (NYSE: LLY) has unveiled plans for a $3 billion expansion of the company’s pharmaceutical manufacturing facility in Pleasant Prairie, located 37.5 miles south of Milwaukee. Lilly acquired the facility from Nexus Pharmaceuticals in April 2024. The Indianapolis-based company plans to start construction on the expansion next year. The expanded facility will focus on the production of injectable medicines, device assembly and packaging for medicines across numerous therapeutic areas. Lilly plans to implement automated features such as guided vehicles, robotics and production equipment in order to accelerate and increase the accuracy of medicine production. Lilly expects to add 750 jobs to the workforce at the facility, which currently comprises about 100 individuals. New jobs at the location will include operators, technicians, engineers and scientists. Additionally, the company states that more than 2,000 construction jobs will be created during the project’s development. “Today’s announcement represents our single largest U.S. manufacturing investment outside our home state of Indiana and will add to our ability to expand capacity to make both our existing and future pipeline of medicines right here in the Midwest,” said Edgardo Hernandez, executive vice president and president of Lilly Manufacturing Operations. Lilly states …

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DevelopmentFloridaIndustrialSoutheast

Miller Construction, Foundry Break Ground on Two South Florida Warehouse Projects Totaling 832,000 SF

by John Nelson

OPA LOCKA AND BOYNTON BEACH, FLA. — Miller Construction, working on behalf of Orlando-based commercial real estate services and development firm Foundry Commercial, has begun construction on two warehouse projects in South Florida totaling 832,000 square feet. The facilities, which combined for $68 million in value, include Meek International Business Park Phase IV (375,000 square feet) in Opa Locka, and Egret Point Logistics, a two-building park (457,000 square feet) in Boynton Beach. The project team for Meek International include Arcadis (architect), Puga & Associates (MEP engineer), DDA (structural engineer) and Langan (civil engineer). Arcadis and DDA were also part of the project team for Egret Point, which also included B&K Engineering (MEP engineer) and Kimley-Horn (civil engineer).

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AcquisitionsIndustrialKentuckySoutheast

Schostak Brothers Acquire 125,000 SF Industrial Facility in Nicholasville, Kentucky

by John Nelson

NICHOLASVILLE, KY. — Michigan-based Schostak Brothers Co. has acquired a 125,000-square-foot industrial facility located at 101 Etter Drive in Nicholasville, roughly 14 miles south of Lexington, Ky. The seller and sales price were not disclosed. The warehouse and manufacturing facility marks the second Kentucky acquisition for Schostak Brothers.

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LogistiCenter-Irvine-CA
CaliforniaDevelopmentIndustrialWestern

Premier Design + Build Breaks Ground on 224,920 SF LogistiCenter at Irvine in California

by Amy Works

IRVINE, CALIF. — Premier Design + Build Group has started construction on LogistiCenter at Irvine I & II, its first project in the Western region for developer Dermody Properties. The development will consist of two LEED-certified industrial facilities totaling 224,920 square feet. LogistiCenter at Irvine I will be a 133,320-square-foot freestanding building situated on six acres. The asset will feature 10,000 square feet of office/mezzanine space, a clear height of 36 feet, 15 dock doors with dock bumpers, one drive-in door and 108 parking stalls. Situated on an adjacent 4.4 acres, the 91,600-square-foot LogistiCenter at Irvine II will offer 8,200 square feet of office/mezzanine space, a clear height of 36 feet, 11 dock doors, one drive-in door and 74 parking stalls. Completion is slated for first-quarter 2025. The project team includes HPA Architecture, Darin Fong and Associates, Tait Engineering, Kier + Wright, Gregg Electric and Wallace P. Johnson Plumbing. CBRE is serving as the real estate broker for the development.

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6260-W-Pebble-Rd-Las-Vegas-NV
AcquisitionsIndustrialNevadaWestern

Avison Young Brokers $10.3M Sale of El Camino Industrial Center in Las Vegas

by Amy Works

LAS VEGAS — Avison Young has negotiated the sale of El Camino Industrial Center, an industrial facility at 6260 W. Pebble Road in Las Vegas. A Las Vegas-based developer sold the asset to a California-based private investor for $10.3 million, or $290 per square foot. Built in 2023, the 35,446-square-foot El Camino Industrial Center features four dock doors, a clear height of 24 feet, two grade-level doors, ESFR sprinklers and a build-to-suit office. At the time of sale, the property was fully occupied. Chris Lexis and Joe Leavitt of Avison Young represented the seller, while James Griffis of Avison Young represented the buyer in the deal.

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