Sunday, June 29, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Industrial

4982-Hallmark-Pwky-San-Bernardino-CA
AcquisitionsCaliforniaIndustrialWestern

Bixby Land Co. Sells 340,080 SF Industrial Facility in San Bernardino, California

by Amy Works

SAN BERNARDINO, CALIF. — Bixby Land Co., in partnership with a global investment manager, has sold a 340,080-square-foot industrial facility located at 4982 Hallmark Pkwy in the Inland Empire city of San Bernardino. Built in 2018, the building features 32-foot clear heights, ESFR sprinklers, 47 dock-high doors and two grade-level doors. At the time of sale, the property was fully leased to two tenants. Mark Detmer, Patrick Nally, Ryan Sitov and Evan Moran of JLL represented the seller and procured the buyer, Dallas-based Dalfen Industrial, in the transaction. Kevin Mackenzie and Brian Torp, Mike McCrary, Patrick Wood, Ruben Goodsell and Jeff Bellitti of JLL also assisted in closing the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentIndustrialTexas

JCB Acquires 400 Acres in San Antonio, Plans Manufacturing Facility

by Taylor Williams

SAN ANTONIO — JCB, an English manufacturer of heavy machinery and industrial equipment, has acquired 400 acres along State Highway 16 in San Antonio with plans to construct a production facility that could ultimately employ as many as 1,500 people. The assemblage consists of two parcels spanning 172.7 and 227.3 acres. Phil Crane and Dan Gostylo of Partners Real Estate represented the sellers in the disposition of both parcels. A construction timeline was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityTexas

Bradford Commercial Negotiates 25,000 SF Industrial Lease in Rhome, Texas

by Taylor Williams

RHOME, TEXAS — Dallas-based brokerage firm Bradford Commercial Real Estate Services has negotiated a 25,000-square-foot industrial lease in Rhome, about 25 miles north of Fort Worth. The site at 138 Leopard Road is located within the 114 Industrial Park development and includes five acres of outdoor storage space. Todd Lambeth of Bradford represented the tenant, St. Louis-based Commercial Van Interiors, in the lease negotiations. Mark Boone of LanCarte Commercial represented the undisclosed landlord.

Continue Reading
FacebookTwitterLinkedinEmail
Crossings-Commerce-Center-North-Brunswick-New-Jersey
IndustrialLeasing ActivityNew JerseyNortheast

Mayrock Group Signs 191,481 SF Industrial Lease in North Brunswick, New Jersey

by Taylor Williams

NORTH BRUNSWICK, N.J. — Mayrock Group, an automotive manufacturer and distributor, has signed a 191,481-square-foot, full-building industrial lease at Crossroads Commerce Center in North Brunswick, about 45 miles southwest of Manhattan. The building sits on 17 acres at 1980 U.S. Route 1 and features a clear height of 40 feet, 29 tailboard doors, two drive-in doors and 31 trailer parking spots. Mindy Lissner, Bill Waxman, Christine Eberle, David Gheriani, Jeff Volpi and Morgan Nitti of Cushman & Wakefield represented the landlord, Principal Asset Management, in the lease negotiations. Gheriani also represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
Cochrane-Tech-Center-Morgan-Hill-CA
CaliforniaDevelopmentIndustrialWestern

Joint Venture Completes 500,000 SF Cochrane Technology Center Spec Industrial Park in Morgan Hill, California

by Amy Works

MORGAN HILL, CALIF. — Trammell Crow Co. (TCC) and joint venture partner CBRE Investment Management (CBRE IM) have completed construction of Cochrane Technology Center (CTC), a 500,000-square-foot, Class A industrial park in the Silicon Valley city of Morgan Hill. Situated on 30 acres, the speculative development offers five buildings, ranging in size from 73,668 square feet to 138,698 square feet: Chip Sutherland, Rob Shannon and Brian Matteoni of CBRE are handling marketing and leasing of the asset.

Continue Reading
FacebookTwitterLinkedinEmail
1-Cragwood-Road-South-Plainfield-New-Jersey
IndustrialLoansNew JerseyNortheast

JLL Arranges $28.5M Construction Loan for Industrial Project in South Plainfield, New Jersey

by Taylor Williams

SOUTH PLAINFIELD, N.J. — JLL has arranged a $28.5 million construction loan for a 167,281-square-foot industrial project that will be located in South Plainfield, about 40 miles southwest of Manhattan. The 14.8-acre site at 1 Cragwood Road currently houses an office building that is set to be demolished. The new industrial facility will feature a clear height of 36 feet, 26 dock doors and two drive-in doors. Jon Mikula, Michael Klein and Michael Lachs of JLL arranged the loan through CIBC on behalf of the borrower and developer, Bridge Industrial.

Continue Reading
FacebookTwitterLinkedinEmail
Pike-Distribution-Center-Auburn-WA
AcquisitionsIndustrialWashingtonWestern

CenterPoint Properties Sells 108,000 SF Pike Distribution Center in Auburn, Washington

by Amy Works

AUBURN, WASH. — CenterPoint Properties has completed the disposition of Pike Distribution Center, an industrial building in Auburn, approximately 20 miles south of Seattle. KRL Legacy LLC, an entity of Ace Relocation System, acquired the property for $26.6 million. Kraig Heeter and Mike Newton of Kidder Mathews represented the buyer, while Matt Murray of Kidder Mathews, along with Matt Wood of KBC Advisors, represented the seller in the deal. KRL Legacy will occupy a portion of the 108,000-square-foot Pike Distribution Center, with the remaining 50,400 square feet being marketed for lease. The property offers 25-foot clear heights and secured and fenced trailer parking.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Entre Commercial Realty Brokers Sale of 43,750 SF Industrial Facility in Bridgeview, Illinois

by Kristin Harlow

BRIDGEVIEW, ILL. — Entre Commercial Realty has brokered the sale of a 43,750-square-foot industrial building in the Chicago suburb of Bridgeview for an undisclosed price. The multi-tenant property is located at 9700 Industrial Drive immediately off the four-way interchange of I-294 and 95th Street. Jeffrey Locascio and Chris Wilbur of Entre brokered the transaction. The buyer was a joint venture between Clear Height Properties and Harbert US Real Estate, an investment strategy sponsored by Harbert Management Corp. Entre has been retained to market the property for lease. The seller was undisclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMichiganMidwest

Dominion Brokers Sale of 14,350 SF Industrial Building in Clawson, Michigan

by Kristin Harlow

CLAWSON, MICH. — Dominion Real Estate Advisors has brokered the sale of a 14,350-square-foot industrial building located at 850 N. Rochester Road in Clawson, a northern suburb of Detroit. The sales price was undisclosed. Barry Landau of Dominion represented the seller, LT Property Holdings LLC. Ernie Dearman of CLG Realty Advisory represented the buyer, OM3 LLC.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaIndustrialMarket ReportsWesternWestern Market Reports

State of the Industrial Real Estate Marketplace in Northern California

by Jeff Shaw

— By Edward F. Del Beccaro, Executive Vice President, TRI Commercial — The major Northern California industrial markets contain a total of more than 860 million square feet of industrial buildings. The San Francisco Bay Area, North Bay, Silicon Valley, Sacramento and Central Valley have all experienced a falloff in tenant demand from 2021 to 2022 pandemic highs. Most markets experienced negative absorption in fourth-quarter 2023, including sublease space coming on the market that resulted in rents either plateauing or decreasing.  Nevertheless, the outlook is still positive based on the various economic drivers pushing the market. For instance, manufacturers are benefitting from onshoring, with a projected 40 percent reduction in sourced material from China, per a recent report from Alix Partners. In addition, declining interest rates and continuing inflation will cause institutional money to flow into the industrial sector versus the office sector, according to a March 2024 ProLogis report. Below are various industrial submarket reviews: In the Oakland/East Bay Industrial I-80/880 Corridor, year-end 2023 experienced a slowdown in demand due to new construction and existing space becoming available. More than 10.2 million square feet is available, reflecting negative absorption of more than 778,000 square feet last year. The Port …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts