Industrial

JetZero to Open $4.7B Airplane Manufacturing Facility in Greensboro, North Carolina, Create 14,500 Jobs

by Abby Cox June 13, 2025

GREENSBORO, N.C. — JetZero, a California-based aerospace startup company, will open a $4.7 billion manufacturing facility at Piedmont Triad International Airport in Greensboro. Construction on the facility is expected to begin in the first half of 2026, with the first deliveries beginning in the early 2030s. The facility will house production of the company’s commercial all-wing design airplane titled Z4. Once the site is operational, the company’s headquarters will be relocated from Long Beach, Calif. to Greensboro. JetZero projects that the facility will account for the creation of about 14,500 new jobs by 2063, providing opportunities for collaboration with academic and vocational training institutions. “North Carolina offers the ideal combination of talent, infrastructure and forward-thinking leadership to support our mission to reshape aviation,” says Tom O’Leary, CEO and co-Founder of JetZero. JetZero has partnered with the smart infrastructure, electrification and automation divisions of German congolomerate Siemens to design a “factory of the future” that will be fully digital and AI-driven in order to increase speed, cut costs and improve quality to outpace original equipment manufacturers. Z4 planes will be able to accommodate 250 passengers with up to 50 percent better fuel efficiency than today’s commercial tubes and wing jets, according to JetZero. By …

June 13, 2025

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 410-Unit Self-Storage Facility in Van Alstyne, Texas

by Taylor Williams June 12, 2025

VAN ALSTYNE, TEXAS — Marcus & Millichap has brokered the sale of a 410-unit self-storage facility in Van Alstyne, about 50 miles north of Dallas. Situated on an 8.7-acre site, Van Alstyne Self Storage spans 92,220 net rentable square feet across 42 climate-controlled units, 208 non-climate drive-up units, 91 covered parking spaces and 69 uncovered parking spaces. The facility also has an onsite residence. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a local partnership, in the transaction. The duo also procured the buyer, a Dallas-based private investor. Both parties requested anonymity.

June 12, 2025

Bldg1-Tripoint-Logistics-Center-Lathrop-CA

Acquisitions California Industrial Western

Dermody Acquires 1.1 MSF Wayfair-Occupied Industrial Building at Tripoint Logistics Center in Lathrop, California

by Amy Works June 12, 2025

LATHROP, CALIF. — Dermody has purchased Tripoint Logistics Center Bldg. 1, a Class A industrial building in Lathrop. Terms of the acquisition were not disclosed. The 1.1 million-square-foot property is situated on 49.6 acres within a 300-acre master planned logistics park. Wayfair, an e-commerce company, occupies the cross-dock facility that features drive-around access and 40-foot clear heights. Wayfair uses the facility to distribute to all of its North American warehouses. Rebecca Perlmutter and Tom Davis of CBRE brokered the transaction.

June 12, 2025

Arizona Development Industrial Office Western

Brinkmann Constructors Completes 150,000 SF Office, Manufacturing Facility for Super Radiator Coils in Mesa, Arizona

by Amy Works June 12, 2025

MESA, ARIZ. — Brinkmann Constructors has completed a build-to-suit office and manufacturing facility in Mesa for Super Radiator Coils. Founded in 1928, the family-owned engineering and manufacturing company specializes in industrial heat exchangers and ancillary products used in a variety of applications, including power generation, gas compression, HVAC, industrial refrigeration, data center and electronics cooling, wind tunnels and semiconductor manufacturing. Designed by Ware Malcomb, the 150,000-square-foot property includes 18,000 square feet of Class A office uses, an engineered clean room area and the capacity to expand by another 50,000 square feet. The facility’s fully air conditioned manufacturing area is equipped with extra-thick cement flooring to accommodate an array of specialized machinery, overhead cranes and above-ground testing tanks. The facility features individual employees lockers, a large break room on the main floor and a coffee bar/quick mart. Additionally, the 11-acre site is equipped with EV charging stations and the structure design incorporates the correct roof loading and electrical infrastructure to accommodate future solar panel installation.

June 12, 2025

Acquisitions Colorado Industrial Restaurant Retail Western

Unique Properties Arranges $1.2M Sale of Two-Building Property in Englewood, Colorado

by Amy Works June 12, 2025

ENGLEWOOD, COLO. — Unique Properties / TCN Worldwide has arranged the sale of 3142 W. Hampden Avenue, a two-building commercial property in Englewood. Anthony of Big Time Properties LLC sold the asset to an undisclosed buyer for $1.2 million. Situated on a half-acre of outdoor storage-zoned land, the asset features a 2,250-square-foot metal warehouse built in 2023 with two drive-in doors and a 1,916-square-foot brick structure built out as a bar. Sam Leger, Jack Gitlin and Graham Trotter of Unique Properties / TCN Worldwide represented the seller in the deal.

June 12, 2025

Industrial Leasing Activity Massachusetts Northeast

Hunneman Negotiates 70,872 SF Industrial Lease in Methuen, Massachusetts

by Taylor Williams June 12, 2025

METHUEN, MASS. —Hunneman has negotiated a 70,872-square-foot industrial lease in Methuen, located along the Massachusetts-New Hampshire border. The tenant, CMC North America, a provider of sales and distribution services for aerial work platforms, will consolidate its regional footprint and headquarters via occupancy of the entire building at 200 Danton Drive, which includes 20,663 square feet of office space. Ken Oppenheim of Hunneman represented CMC North America in the lease negotiations.

June 12, 2025

Development Industrial Texas

HiTHIUM Opens $200M Battery Manufacturing Facility in Mesquite, Texas

by Taylor Williams June 11, 2025

MESQUITE, TEXAS — Chinese energy company HiTHIUM has opened a $200 million battery manufacturing facility in Mesquite, an eastern suburb of Dallas. The facility spans 484,441 square feet, and mass production of battery modules and systems is expected to begin before the end of the year. Kentucky-based design-build firm Gray handled the architectural and construction aspects of the project, which could account for the employment of as many as 200 people at the height of its operation.

June 11, 2025

Acquisitions Industrial Texas

PAGEWOOD, Long Wharf Buy 292,200 SF Industrial Park in Northwest Houston

by Taylor Williams June 11, 2025

HOUSTON — A partnership between local investment firm PAGEWOOD and Boston-based Long Wharf Capital has purchased a 292,200-square-foot, shallow-bay industrial park in northwest Houston. Crossroads at Brittmoore consists of 13 buildings on a 20-acre site that were 91 percent leased at the time of sale. The seller was Houston-based ABCO Industrial Properties. The new ownership plans to implement capital improvements, such as landscaping upgrades, new fencing and security, fresh paint and improved signage.

June 11, 2025

Florida Industrial Loans Southeast

Berkadia Secures $50M Refinancing for Industrial Portfolio in Medley, Florida

by John Nelson June 11, 2025

MEDLEY, FLA. — Berkadia has secured a $50 million loan for the refinancing of the Galaxy Industrial Portfolio, a collection of 20 warehouse buildings in the Miami suburb of Medley spanning 689,940 square feet. Ocean Bank provided the five-year, fixed-rate loan with two five-year extension options and a 12-month interest-only period. Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez, Shannon Wilson and Luke Maganas of Berkadia arranged the loan on behalf of the borrower, Galaxy Industrial. The portfolio was 97.4 percent leased at the time of financing to tenants in the packing, logistics and shipping sectors. The assets were built between 1982 to 1995 and are situated within one mile of each other.

June 11, 2025

Alabama Development Self-Storage Southeast

The Storage Center Opens 850-Unit Self-Storage Facility in Huntsville, Alabama

by John Nelson June 11, 2025

HUNTSVILLE, ALA. — The Storage Center has opened a new 850-unit self-storage facility located at 3910 Cypressbrook Drive NW in Huntsville. The three-story, 106,600-square-foot property is situated within Cummings Research Park, which is near Redstone Arsenal and University of Alabama in Huntsville (UAH). Storage unit sizes at the climate-controlled facility range from 5- by 5-foot lockers to 10- by 30-foot units. The property features covered loading bays, 24-hour digital video surveillance, online rental and reservation options, onsite management and an onsite rental center selling boxes, locks and packing supplies.

June 11, 2025

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