Monday, May 5, 2025
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Industrial

DevelopmentGeorgiaIndustrialSoutheast

Dermody Properties to Develop 325,620 SF Industrial Property in Villa Rica, Georgia

by John Nelson

VILLA RICA, GA. — Dermody Properties plans to develop LogistiCenter at Boggs Road, a two-building industrial development located in the western Atlanta suburb of Villa Rica. Hitachi Astemo Americas Inc., a global supplier of advanced mobility solutions for the automotive industry, has signed on as the sole tenant of Building 1, a 200,880-square-foot building near an existing manufacturing facility for Hitachi Astemo. Building I at LogistiCenter at Boggs Road will feature 32-foot clear heights, 72 trailer parking spaces and 99 car parking spaces. Building 2, which will total 124,740 square feet, will feature 28 dock-high doors, 23 trailer parking spaces, 94 auto spaces and 36-foot clear heights. Dermody Properties plans to open LogistiCenter at Boggs Road in the fourth quarter. Building 2 is available for prelease.

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AcquisitionsIllinoisIndustrialMidwest

Entre Commercial Realty Brokers Sale of 42,901 SF Industrial Building in Spring Grove, Illinois

by Kristin Harlow

SPRING GROVE, ILL. — Entre Commercial Realty has brokered the sale of a 42,901-square-foot industrial building in Spring Grove, a city in northeast Illinois. The sales price was undisclosed. Located at 2503 Spring Ridge Road, the two-story facility features a clear height of 18 feet, one dock and eight drive-in doors. Elisabeth Lazzara, Mike DeSerto and Cory Kay of Entre represented the buyer, KBI Custom Case, which intends to renovate both the office and warehouse areas while utilizing half of the property as its new headquarters. The company specializes in millwork and casework for the commercial sector. Dawn Koenigseder of Berkshire Hathaway Starck Real Estate represented the undisclosed seller.

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IndustrialLeasing ActivityNew JerseyNortheast

Carrier Enterprise Signs 78,000 SF Industrial Lease in Piscataway, New Jersey

by Taylor Williams

PISCATAWAY, N.J. — Carrier Enterprise has signed a 78,000-square-foot industrial lease in the Northern New Jersey community of Piscataway. The distributor of HVAC parts and systems will occupy the entirety of the newly constructed building at 30 Duke Road, which is located within the 650,000-square-foot Rutgers Industrial Center development. Chuck Fern, Jason Barton and Jack Winge of Cushman & Wakefield represented the landlord, Levin Management Corp., in the lease negotiations. Dan Johnsen, also with Cushman & Wakefield, represented the tenant.

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AcquisitionsIndustrialNAINew JerseyNortheast

NAI Hanson Brokers Sale of 10,878 SF Industrial Building in Irvington, New Jersey

by Taylor Williams

IRVINGTON, N.J. — NAI James E. Hanson has brokered the sale of a 10,878-square-foot industrial building in the Northern New Jersey community of Irvington. The building at 592 Hawthorne Ave., which according to LoopNet Inc. was built in 1950, features a clear height of 12 feet, three drive-in doors and 958 square feet of office space. Justin Allessio of NAI Hanson represented both the seller, Haenssler Realty Corp., in the transaction and procured the buyer, an entity doing business as Irvington Industrial LLC.

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Unison-Elliott-Bay-Seattle-WA
DevelopmentIndustrialLife SciencesMixed-UseOfficeWashingtonWestern

Office Properties Income Trust Completes 300,000 SF Unison Elliott Bay Life Sciences Campus in Seattle

by Amy Works

SEATTLE — Office Properties Income Trust (NASDAQ: OPI) has completed Unison Elliott Bay, a three-building, 300,000-square-foot life sciences campus located at 351, 401 and 501 Elliott Ave. West in Seattle. Unison Elliott Bay features Class A office space totaling 200,000 square feet. The buildings feature 14-foot floor-to-floor heights in two dedicated lab buildings inclusive of move-in ready lab and R&D space, with suites ranging from 12,500 square feet to 25,000 square feet. The campus includes dedicated mechanical infrastructure supported by standby generator power to accommodate lab and technological power requirements. The campus features reception areas, collaborative indoor and outdoor meeting areas, conference and training rooms, fitness and changing room facilities, and a landscaped courtyard with built-in pergola and sculptures. Additional amenities include covered and surface parking, secure bike storage and electric vehicle charging stations. The campus will also offer a chef-driven café, as well as a rotating mix of food trucks. Sonoma Biotherapeutics, a clinical-stage biotechnology company, has signed a 10-year lease for more than 83,000 square feet at the 501 building. The clinic-stage biotechnology company occupies three floors of office and lab space for its R&D and manufacturing center, which is intended for the development of engineered regulatory T …

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DevelopmentGeorgiaSelf-StorageSoutheast

Coro Realty to Develop Four Self-Storage Facilities in Georgia

by John Nelson

ATLANTA — Atlanta-based Coro Realty Advisors plans to develop four new self-storage facilities in Georgia. The recent developments include Auburn Avenue Storage in Columbus, Lake Lanier Storage in Flowery Branch, Ridgewalk Storage in Woodstock and Georgetown Storage in Dunwoody. Auburn Avenue Storage is a three-story building that adds 57,000 leasable square feet of climate-controlled storage space to Coro’s existing property, which the company has owned since 2018. Lake Lanier Storage is currently under construction. The two-story facility will provide 75,000 leasable square feet of climate-controlled storage and 49,000 square feet for boat and vehicle storage. Coro Realty recently acquired the land for Ridgewalk Storage, with plans to break ground on the 83,000-square-foot, two-story project this fall. Georgetown Storage, a four-story facility that will offer approximately 120,000 leasable square feet of storage space, is in the planning stage.

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IndustrialLoansTexas

Byline Bank Provides $14M Construction Loan for San Antonio Industrial Project

by Taylor Williams

SAN ANTONIO — Byline Bank has provided a $14 million construction loan for a 257,000-square-foot industrial project in San Antonio. The 16-acre site is located near the intersection of Rittiman Road and Woodlake Center Drive on the city’s northeast side. The rear-load building will feature 32-foot clear heights and dedicated trailer parking. The borrower is a joint venture between TradeLane Properties and Phelan Development Co. A tentative completion date was not disclosed.

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AcquisitionsIndustrialTexas

Realterm Acquires Industrial Outdoor Storage Site in El Paso

by Taylor Williams

EL PASO, TEXAS — Annapolis, Md.-based investment firm Realterm has acquired an 8.5-acre industrial outdoor storage site in El Paso. The 22-door truck terminal is located at 150 Inglewood Drive on the city’s east side and consists of a 15,047-square-foot terminal building and a 4,036-square-foot maintenance shop. The property was fully leased at the time of sale to DC Logistics. The seller was not disclosed.

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DevelopmentIllinoisIndustrialMidwest

Contegra Construction to Build 100,000 SF Manufacturing Plant for Manner Polymers in Mount Vernon, Illinois

by Kristin Harlow

MOUNT VERNON, ILL. — Contegra Construction is building a 100,000-square-foot, solar-powered manufacturing plant for Manner Polymers in Mount Vernon, a city in southern Illinois. Contegra expects to complete the project in November, with the plant scheduled to be fully operational by fall 2025. Manner Polymers will use the facility to manufacture flexible PVC compounds. The property will be powered by both a roof-mounted solar array and a 15-acre solar field located on site immediately adjacent to the plant. According to Contegra, the project will expand Manner’s production capacity by 100 million pounds and is projected to create 60 new jobs. The rail-served facility offers convenient access to I-57 and I-64. Additional building features include 11 dock doors, three drive-through doors, a 55-foot tower with a three-level production platform and 5,000 square feet of office space. The project team includes Gray Design Group, Alper Audi, Jarrell Mechanical, Haier Plumbing, Bi-State Fire Protection and Clinton Electric.

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Naval-Air-Propulsion-Center-Ewing-New-Jersey
DevelopmentIndustrialNew JerseyNortheast

KRE Group Begins 345,152 SF Industrial Redevelopment in Ewing, New Jersey

by Taylor Williams

EWING, N.J. — Locally based developer KRE Group has begun a 345,152-square-foot industrial redevelopment in the Northern New Jersey community of Ewing. The project will convert the 26.3-acre site of a decommissioned former naval air propulsion center into a single-story, 285,152-square-foot warehouse and three standalone flex buildings of 20,000 square feet each. The development team will also undertake various infrastructural improvements, including upgraded landscaping and lighting, the addition of a new bus stop, surface parking lots and walking trail, and enhancements to the surrounding roadways. The U.S. Navy operated the site as a vital jet engine test facility from 1951 until 1997, and a redevelopment plan for the site was introduced in 2013. A tentative completion date for the project was not disclosed.

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