Saturday, June 27, 2026
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Industrial

IndustrialMidwest

COLLIERS TO MARKET NEW INDUSTRIAL, RESEARCH PARK IN OHIO

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GROVE CITY, OHIO — Team Gemini has selected Colliers International to market Gemini Synergy Center Industrial Park in Grove City. The $250 million project will be constructed on 343 acres, just north of State Route 665. The industrial and research park will serve as a sustainable business cluster powered by a waste stream within a Community Reinvestment Area. Bill Baumgardner of Colliers will market the property to tenants. Team Gemini plans to become the main anchor at the park, and will build process facilities for recycled products.

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IndustrialNortheast

TA ASSOCIATES BUYS $57.2M JFK AIR CARGO PORTFOLIO

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NEW YORK CITY — TA Associates Realty has acquired the JFK Cargo portfolio, which includes 12 buildings adjacent to JFK International Airport's runway system in Queens, for $57.2 million. In addition to the 12 properties totaling 481,000 square feet, the deal includes eight land parcels. The buildings are 93 percent occupied, primarily by freight forwarders such as Aramex International, Gourmet Boutique and Aaron Rents Inc. The eight parcels are currently used as parking lots, but could provide additional on-site expansion. Andrew Merin, David Bernhaut, Gary Gabriel and Kyle Schmidt of Cushman & Wakefield represented the seller, Prologis Inc., in the transaction. They also procured the buyer.

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IndustrialSoutheast

VIASAT EXPANDS GEORGIA FACILITY, INVESTS $10.5M IN CAMPUS

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DULUTH, GA. — ViaSat Inc., which produces satellite and other digital communication products for the government and commercial customers, has begun construction on a 60,000-square-foot expansion at the firm's facility in Duluth. The company will invest $10.5 million in the build-to-suit project located at 1725 Breckinridge Plaza. The company's Duluth campus is ViaSat's second largest location in the nation, following behind its headquarters in Carlsbad, Calif. The Duluth warehouse focuses on antenna systems and commercial networks. Lindsay Martin, project manager with the Georgia Department of Economic Development, along with the Gwinnett Chamber Economic Development, assisted with the project.

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IndustrialMidwest

PRINCIPLE COMPLETES 267,000 SF FACILITY IN CHICAGO SUBURBS

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SAUK VILLAGE, ILL. — Principle Construction Corp. has completed a new 267,000-square-foot, build-to-suit manufacturing facility for Winpak Portion Packaging in Sauk Village, located about 30 miles south of Chicago. Demody Properties is the building owner. The facility includes a warehouse, production area, offices, maintenance area, chemical storage room and printing area. Winpak manufactures and distributes packaging materials and related packaging machines. Harris Architects provided architectural services and Jacob & Hefner Associates provided civil engineering service. George Cibula of Darwin Realty represented Dermody in the transaction. Justin Fierz of Lee & Associates represented the tenant.

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IndustrialMidwest

PRIORITY WIRE RENEWS 113,785 SF LEASE IN ITASCA

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ITASCA, ILL. — Priority Wire, a wire and cable distributor, has renewed its lease for 113,785 square feet of industrial space at 1311 Meacham Road in Itasca. The landlord, CenterPoint Properties, plans to upgrade the facility by adding a drive-in door, new lighting and other improvements. Joe Bronson of NAI Hiffman represented the tenant in the transaction.

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IndustrialNortheast

PACKAGING MAKER ACQUIRES $4.3M FACILITY IN MASSACHUSETTS

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MANSFIELD, MASS. — The Lacerta Group, a custom thermoformed packaging maker, has acquired a 75,000-square-foot industrial building at 240 Forbes Blvd. in Mansfield for $4.3 million. The building is located in the Cabot Business Park and is situated on six acres. Catherine Minnerly and Ovar Osvold of NAI Hunneman represented the seller, Yale Appliances, in the transaction. They also procured the buyer.

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IndustrialTexas

LIBERTY TRUST BEGINS DEVELOPING CENTRAL GREEN 11

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HOUSTON — Liberty Property Trust has commenced the development of Central Green 11, a 181,000-square-foot industrial property, located at 16200 Central Green Blvd. in the Central Green Business Park in the north Houston submarket. The build-to-suit project is leased to GAC Energy & Marine Services LLC. The development team for the project includes Ken Chang of Liberty Trust; Seeberger Architect; Getz & Associates; and Cadence McShane. The development team is designing the facility to achieve LEED certification. Bob Bandos, CEO of GAC Energy & Marine Services, along with Derrick Jones, represented the buyer in the transaction.

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IndustrialMidwest

INSULATION FABRICATORS TAKES SPACE WITHIN 600,000 SF INDIANA FACILITY

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HAMMOND, IND. — Insulation Fabricators Inc. has signed a lease for 40,000 square feet of industrial space at 3200 Sheffield Ave. in Hammond. The space is part of Long-Middendorf Corp.'s 600,000-square-foot facility, located 20 miles south of Chicago. The property features 24-hour building maintenance staff and security and immediate access to I-90. Chris Gary of NAI Hiffman represented both parties in the transaction.

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