Wednesday, June 25, 2025
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Industrial

IndustrialMarket ReportsNevadaWesternWestern Market Reports

Nevada Markets Evolve into Industrial Hubs

by Jeff Shaw

John Ramous, Nevada region partner at Dermody Properties, discusses how the southern part of the state’s various regions have evolved into industrial hubs — and what the firm is doing to capitalize on this.   WREB: What is it about Las Vegas and its fundamentals that have made it an ideal place for industrial? Ramous: There are several key fundamentals driving Las Vegas’ — or Southern Nevada’s — growth as a comprehensive industrial and regional logistics hub. It’s strategically located near Southern California and other major West Coast markets, maintains a business and tax-friendly environment, has a supportive infrastructure, a streamlined permitting process, a focus on sustainability and a large, talented workforce with competitive labor costs. All these factors make this region an ideal place for industrial and logistics, as well as a very attractive location to work, live and conduct business. WREB: Can you tell me more about your Apex project?  Ramous: Apex Industrial Park is becoming a primary center for larger and scalable logistics facilities, advanced manufacturing, technology and other distribution uses. Located in North Las Vegas off Interstate 15, it is luring major companies to the region, benefiting the entire Southern Nevada market. Trucks are arriving full …

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Carter-Crossing-Houston
DevelopmentIndustrialTexas

Griffin Partners Breaks Ground on 137,171 SF Spec Industrial Project in North Houston

by Taylor Williams

HOUSTON — Locally based developer Griffin Partners has broken ground on Carter Crossing, a 137,171-square-foot speculative industrial project in North Houston. Carter Crossing will be situated on a nine-acre site near Beltway 8 and I-45 and feature 3,707 square feet of prefinished office space, 32-foot clear heights and 28 dock-high loading doors. Transwestern is the leasing agent for the project, which is expected to be complete before the end of the year.

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DevelopmentIndustrialTexas

Clay Development Completes 110,250 SF Industrial Project in North Houston

by Taylor Williams

HOUSTON — Clay Development has completed Kennedy Greens Distribution Center III, a 110,250-square-foot industrial project in Houston. The 7.7-acre site is located at 13520 JFK Boulevard on the city’s north side and is part of a larger, 145-acre development. Building features include 32-foot clear heights, 2,600 square feet of office space and parking for 186 cars. The site can also support parking for up to 32 trailers.

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IndustrialLeasing ActivityTexas

Clopay Signs 23,140 SF Industrial Lease in Georgetown, Texas

by Taylor Williams

GEORGETOWN, TEXAS — Clopay has signed a 23,140-square-foot industrial lease in the northern Austin suburb of Georgetown. The manufacturer of overhead and garage doors will occupy space within Building 3 at CrossPoint Business District, the first phase of which will feature 488,758 square feet of space across three buildings and 61.7 acres. The company expects to take occupancy this summer. Darryl Dadon and Olivia Reed of CBRE represented the landlord, a partnership between Jackson-Shaw and Diamond Realty Investments, in the lease negotiations.

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DevelopmentIndustrialLeasing ActivityMarylandSoutheast

Merritt Properties Signs Three Industrial Tenants to Join White Marsh Interchange Park in Metro Baltimore

by John Nelson

WHITE MARSH, MD. — Merritt Properties has signed three new tenants to join Phase I of White Marsh Interchange Park, an industrial park underway in the Baltimore suburb of White Marsh. Phase I, which totals 235,900 square feet across three buildings, was delivered in late May. Restaurant Depot, a national wholesale foodservice supplier, has signed a 60,000-square-foot lease; Dill Dinkers, a pickleball operator, has signed a 24,400-square-foot lease; and Sensi Auto, an automotive solutions provider, has secured a 6,560-square-foot lease. Situated on 56 acres near I-95, Phase I of White Marsh Interchange Park features buildings with clear heights ranging from 20 to 32 feet, truck courts, rear-loaded docks and drive-in capabilities. Merritt Construction Services, Merritt’s construction division, will be responsible for the build-out of all three tenants’ spaces. At completion, White Marsh Interchange Park will span 750,000 square feet across nine buildings.

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Gayteway-Business-Park-Arlington-WA
AcquisitionsIndustrialWashingtonWestern

EQT Exeter Buys Four Gayteway Business Park Buildings in Arlington, Washington for $70.6M

by Amy Works

ARLINGTON, WASH. — EQT Exeter has purchased Gayteway Business Park buildings B, C, F and G from Chris Gayte and Brent Nicholson of Gayteway Business Park for $70.6 million. Situated on 22.3 acres in Arlington, approximately 45 miles north of Seattle, the four Class A industrial buildings total 365,000 square feet. Located at 20101 and 19927 67th Ave. Northeast, the buildings offer dock-high and grade-level loading, concrete truck courts, 24- to 30-foot clear heights, abundant parking and ESFR sprinklers. Brett Hartzell and Paige Morgan of CBRE National Partners represented the seller in the deal. Al Hodge of Broderick Group assisted on the transaction.

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Brennan-Ind-Bldgs-Denver-CO
AcquisitionsColoradoIndustrialWestern

Brennan Investment Group Acquires Two Distribution Buildings in Metro Denver

by Amy Works

AURORA AND DENVER, COLO. — Brennan Investment Group has purchased two distribution facilities, totaling 206,000 square feet, in Aurora and Denver. Terms of the transaction were not released. The properties are located at 18245 E. 40th Ave. in Aurora and 4999 Oakland St. in Denver. At the time of sale, the Oakland property is fully leased to a single tenant, and the 40th Avenue property is partially leased.

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1241-E-Lumbermans-Loop-Show-Low-AZ
AcquisitionsArizonaIndustrialWestern

Marcus & Millichap Brokers Sale of 17,200 SF Industrial Park in Show Low, Arizona

by Amy Works

SHOW LOW, ARIZ. — Marcus & Millichap has arranged the sale of Show Low Small Bay Industrial Park, a two-building industrial asset in Show Low, approximately 175 miles northeast of Phoenix near the New Mexico border. A private investor sold the property to a California-based private investor for $2.2 million. Located at 1241 E. Lumbermans Loop, Show Low Small Bay Industrial Park offers 17,200 square feet of small-bay industrial space on 1.5 acres. At the time of sale, the buildings were fully leased. Cory Gross of Marcus & Millichap represented the seller and procured the buyer in the deal. Ryan Sarbinoff, also of Marcus & Millichap, served as broker of record in Arizona for the transaction.

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AcquisitionsIndustrialMarylandOfficeSoutheast

DSC Partners, Harbert Management Buy Industrial Portfolio in Suburban Maryland for $86.4M

by John Nelson

LANHAM, MD. — DSC Partners, in partnership with Harbert Management Corp. (HMC), has purchased Forbes Center, a 17-property, 785,000-square-foot portfolio comprising industrial, flex and office buildings in Lanham, about 12 miles northeast of Washington, D.C. The seller was not disclosed. Tenants at the property include distribution companies, government contractors, local and national service providers and medical groups. Rob Pugh, Ken Fellows, Keiry Martinez and Aaron Carroll of KLNB will lease the properties on behalf of the buyers, and Transwestern will provide property management services.

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IndustrialLeasing ActivityLouisianaSoutheast

Feil Organization Signs Two Industrial Leases Totaling 20,700 SF in Elmwood, Louisiana

by John Nelson

ELMWOOD, LA. — The Feil Organization has signed two industrial leases totaling 20,700 square feet at Elmwood Distribution Center in Elmwood, about nine miles west of New Orleans. Mayesh Wholesale Florist and 1-800 Radiator will occupy 9,500 and 11,200 square feet at the property, respectively. Built in 1974, Elmwood Distribution Center totals 411,689 square feet at 5600 Jefferson Highway, with warehouse suites ranging from 5,625 to 25,000 square feet. Bert Duvic of Max Derbes represented 1-800 Radiator in the lease negotiations. Gerard Henry, also of Max Derbes, represented Mayesh Wholesale Florist. Feil was represented on an in-house basis by Katina Spera.

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