Wednesday, June 25, 2025
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Industrial

SW-Loop-410-Palo-Alto-Road-San-Antonio
DevelopmentIndustrialSelf-StorageTexas

Bakke, Batson-Cook Break Ground on 751-Unit Self-Storage Facility in San Antonio

by Taylor Williams

SAN ANTONIO — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on a 751-unit self-storage facility at the corner of SW Loop 410 and Palo Alto Road in San Antonio. The facility will span 86,475 net rentable square feet of space. Project partners include Alamo Architects, civil engineer INK Civil, general contractor Independent Contractors and construction lender Security State Bank. Completion is slated for the second quarter of 2025. The project marks the seventh self-storage collaboration between Bakke and BCDC, with construction on the most recent project, a 773-unit facility in Weslaco, beginning earlier in March.

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CrossPoint-Business-District-Georgetown
IndustrialLeasing ActivityTexas

Control Panels USA Preleases 145,950 SF Industrial Project in Georgetown, Texas

by Taylor Williams

GEORGETOWN, TEXAS — Control Panels USA has preleased a 145,950-square-foot industrial project in the northern Austin suburb of Georgetown. The manufacturer will occupy the entirety of Building 2 at CrossPoint Business District, the first phase of which will feature 488,758 square feet across three buildings and 61.7 acres. The company expects to take occupancy in January 2025. 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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AcquisitionsHospitalitySelf-StorageTexas

Marcus & Millichap Arranges Sale of Storage, Hospitality Portfolio in Quinlan, Texas

by Taylor Williams

QUINLAN, TEXAS — Marcus & Millichap has arranged the sale of The Lake Tawakoni Portfolio, a collection of storage and hospitality properties in Quinlan, about 45 miles east of Dallas. The portfolio consists of 219 RV sites, 198 storage units, 39 cabins and 39 boat slips across three properties. Brad Dorsey, Skyler Henderson, Blake Eisenberg, Edgar Martinez and Katie Eaton of Marcus & Millichap brokered the deal. The buyer and seller were not disclosed.

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Hudson-Valley-Logistics-Center-East-Fishkill
IndustrialLeasing ActivityNew YorkNortheast

Automotive Manufacturer Preleases 540,688 SF Industrial Project in East Fishkill, New York

by Taylor Williams

EAST FISHKILL, N.Y. — A global automotive manufacturer has preleased the entirety of Hudson Valley Logistics Center, a 540,688-square-foot industrial project that is under construction in East Fishkill, about 60 miles north of New York City. The name of the tenant was not disclosed, but local publication Mid Hudson News reports that the company is Stellantis, a multinational manufacturer based in The Netherlands. The building, which is slated for a third-quarter delivery, features a clear height of 36 feet, 120 dock positions, three drive-in doors and parking for 134 trailers and 212 cars. A joint venture between Bluewater Property Group and Affinius Capital owns Hudson Valley Logistics Center. Rob Kossar, David Knee, James Panczykowski, Dave MacDonald and Charlotte Belling of JLL negotiated the deal on behalf of both parties.

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AcquisitionsIndustrialNew HampshireNortheast

Colliers Arranges Sale of 51,216 SF Industrial Building in Manchester, New Hampshire

by Taylor Williams

MANCHESTER, N.H. — Colliers has arranged the sale of an industrial building located at 299 Pepsi Road in Manchester, located near the Massachusetts-New Hampshire border. According to LoopNet Inc., the property was built on an 18.9-acre site in 1997 as a food processing facility and totals 51,216 square feet. Bob Rohrer and Doug Martin of Colliers represented the seller in the transaction. Ellen Garthoff of Stubblebine Co. represented the buyer, an affiliate of Lilly’s Fresh Pasta.

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Innovate48-Phoenix-AZ
ArizonaDevelopmentIndustrialWestern

Ryan Cos., Alidade Capital Break Ground on Innovate48 Industrial Park in Phoenix

by Amy Works

PHOENIX — A joint venture between Ryan Cos. and Alidade Capital has broken ground on Innovate48 Industrial Park, located at the southeast corner of 48th and Washington streets in Phoenix. Slated for completion in second-quarter 2025, Innovate48 will feature a 163,000-square-foot Class A industrial facility. The development will offer 25 dock-high doors, 18 trailer stalls, four grade-level doors and a fully secured concrete truck court. Additionally, the fully air-conditioned building will feature LED lighting and a 3,500-square-foot speculative office suite. Ryan Cos. is the developer and builder on the project. Butler Design Group is serving as architect of record. JLL’s Steve Larsen, Pat Harlan, Kyle Westfall and Jason Moore are handling marketing and leasing for the project.

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Oasis-Commerce-Center-Las-Vegas-NV
IndustrialMarket ReportsNevadaWesternWestern Market Reports

Southern Nevada Industrial Continues to Attract, Retain Globally Recognized Businesses

by Jeff Shaw

— By Greg Tassi, vice chair, and Jason Griffis, senior director, Cushman & Wakefield — Southern Nevada continues to distinguish itself through economic diversity. Sports and entertainment, along with a robust industrial real estate market, play a key role in keeping Las Vegas relevant. Formula 1 Racing, the MSG Sphere, MLB’s Athletics and recent discussions around a potential NBA expansion team add to the local excitement. Meanwhile, a compelling industrial real estate market continues to attract and retain globally recognized businesses.  The industrial segment in the Las Vegas Valley remains a safe bet for national developers and institutional capital partners, many of which have a healthy appetite to either enter the market or expand their holdings. Land scarcity is the primary barrier to entry for new groups entering the market. Infill sites have become increasingly scarce with very few parcels of more than five acres suitable for industrial development.  The bulk of the new inventory will continue to push to the periphery of the Valley, including Sloan and Jean to the south, El Dorado Valley to the southeast and Apex to the north — home to Prologis’ recent 879-acre purchase. Henderson’s recently annexed El Dorado Valley attracted attention with a …

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AcquisitionsGeorgiaIndustrialOfficeSoutheast

Newmark Brokers $36.3M Sale of Industrial, Office Portfolio in Metro Atlanta

by John Nelson

DULUTH, GA. — Newmark has brokered the $36.3 million sale of a four-building portfolio within Satellite Place in Duluth, a northeast suburb of Atlanta. Situated near I-85, the portfolio spans nearly 290,000 square feet and includes three industrial buildings at 2405, 2425 and 2450 Commerce Ave. and one single-story office building at 2400 Commerce Ave. Casey Keitchen and Collin BeVier of Newmark represented the sellers, two entities doing business as Satellite Place Property LLC and Satellite Commercial Property LLC, in the transaction. The buyer was an undisclosed industrial fund.

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AcquisitionsIndustrialTexas

Oxford Partners Arranges Sale of 10,000 SF Industrial Property in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of an approximately 10,000-square-foot industrial property in northwest Houston. According to LoopNet Inc., the building at 13470 FM 529 totals 5,643 square feet, and the building at 13486 FM 529 totals 4,321 square feet. Nathan Buckhoff and Matt Rogers of Oxford Partners represented the seller, Mbella Properties, in the transaction, and Clay Pritchett of Partners Real Estate represented the buyer.

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VT-101-Glendale-AZ
ArizonaDevelopmentIndustrialWestern

VanTrust Real Estate Breaks Ground on 750,000 SF Industrial Park in Glendale, Arizona

by Amy Works

GLENDALE, ARIZ. — VanTrust Real Estate has broken ground on the first phase of VT 101, a 48-acre, three-building, 750,000-square-foot industrial park in Glendale, just northwest of Phoenix. The first phase will include two 156,000-square-foot, Class A industrial buildings, slated for delivery in April 2025. The buildings will offer office suites, HVAC and LED lighting. The project team includes Butler Design Group as architect, Layton Construction as general contractor and JLL’s Pat Harlan and Kyle Westfall as leasing agents.

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