WOBURN, MASS. — Kadima Industrial Partners has purchased a 62,500-square-foot building in Woburn, a northern suburb of Boston. The shallow-bay building at 215 Salem St. features 16 loading docks, a clear height of 17 feet and 90-foot truck court depths. Tommy Hovey, David Coffman and Michael Restivo of JLL represented the undisclosed seller in the transaction. Ryan Parker, also with JLL, arranged acquisition financing for the deal through Webster 5 Cent Savings Bank. The building was leased to eight tenants at the time of sale.
DUPONT, WASH. — David Property & Investment has received $12 million in refinancing for Center Plaza, a multi-building industrial park in DuPont. Mike Wood and Tim Brown of Gantry secured the financing through Securian Financial for the borrower. Center Plaza features a mix of industrial/flex facilities in a campus environment with a tenant roster of a diverse range of industries.
WEST LIBERTY, OHIO — Industrial Property Brokers (IPB) has negotiated the sale of an 80,500-square-foot industrial facility in West Liberty, about 50 miles northeast of Dayton. Vicente Torns Ohio Corp., an international manufacturer, purchased the property, which sits on 7.2 acres and is zoned for heavy manufacturing. Vicente Torns plans to invest $21 million in the facility and create 108 new jobs. The project will establish the company’s first U.S. manufacturing facility, where it will produce copper and aluminum wires used in electric transformers. With more than 100 years of manufacturing experience, Vicente Torns operates facilities in Spain, Slovakia, Italy, Morocco, India and France, serving customers across the energy, electric vehicle and railway industries. The West Liberty property features 78,000 square feet of warehouse space, 2,500 square feet of office space, three dock doors and three drive-in doors. Tim Echemann and Conrad Echemann of IPB brokered the deal.
By Jeff Evans, president, Volta Global Eight years on Wall Street, including six-and-a-half years at long-short equity hedge funds, will teach an investor to look beyond a business’ headline characteristics. Public markets teach investors to understand business models, identify changing industry dynamics and allocate capital with attention to both opportunity and downside. When this writer moved into private, long-term investing, that analytical discipline played an invaluable role. What changed was the horizon. Self-storage is a core focus at Volta Global, alongside essential, unanchored strip retail centers and durable small business operations. These investments may look different, but they share a common requirement: the ability to source, underwrite, acquire and improve assets in complex, often inefficient markets. The common thread isn’t the property type. It’s the capabilities required to create value. How The Playbook Expanded The decision to expand beyond self-storage was not driven by a decision to pursue another asset class. It began with an essential retail property included in a larger acquisition focused primarily on storage. Volta acquired the retail asset because it was part of the broader transaction. Once we began assessing the property, its tenants and its market, we recognized that many of the capabilities developed in …
TULSA, OKLA. — Park Aerospace Corp. (NYSE: PKE) will open a $65 million manufacturing facility in Tulsa, a project that is expected to add about 100 new jobs to the local economy. The square footage was not disclosed. The site spans 18 acres on the north side of Tulsa International Airport, and the facility will be used to manufacture advanced composite materials for the defense and aerospace sectors. Construction is expected to begin in the coming weeks and to be complete in 2028.
FORT WORTH AND FLOWER MOUND, TEXAS — CBRE has negotiated the sale of two newly constructed industrial buildings in the Fort Worth area that are both leased to Tesla. The building at 5812 North Freeway in Fort Worth totals 50,840 square feet, and the building at 1805 Justin Road in Flower Mound, a northern suburb, totals 51,371 square feet. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE represented the undisclosed seller in the transactions. The name of the buyer(s) was also not disclosed.
SAN FRANCISCO — BridgeInvest, an investment manager specializing in senior-secured real estate credit, originated an $87.9 million first priority acquisition loan and lease-up of 300 Kansas Street, a six-story Class A research and development property in San Francisco’s Mission bay submarket. Constructed in 2023, the 152,000-square-foot property will continue to be leased and stabilized by the sponsors, Lincoln Property Co. and Sabal Investment Holdings.The loan was originated through BridgeInvest Credit Fund V LP, the firm’s evergreen discretionary fund focusing on first-lien loans across a diversified set of real estate asset types.
TUKWILA, WASH. — Sagard Real Estate has purchased 1100 Andover Park West, an industrial asset in Tukwila, approximately 12 miles south of Seattle. Situated on 5.6 acres, the 133,750-square-foot property features a clear height of 24 feet, 16 dock-high loading doors and four points of ingress and egress. At the time of sale, the asset was fully occupied by a national wholesale distributor that has opened at the site for more than 25 years. Sagard Real Estate is a U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm.
DES PLAINES, ILL. — Seefried Industrial Properties has completed demolition and is underway on a three-building, 520,000-square-foot industrial development in Des Plaines. The project is a redevelopment of approximately 35 acres at the Northeast corner of Algonquin and Mount Prospect roads in the O’Hare submarket. It will transform three functionally obsolete office buildings into a modern industrial park. The three buildings, totaling 106,000, 152,000 and 260,000 square feet, are being built on a speculative basis. Premier Design + Build Group is the general contractor, SPACECO is the civil engineer and Harris Architects is the architect. Jason Lev, Jimmy Kowalczyk and John Suerth of CBRE are marketing the property for lease. Completion is slated for the second quarter of 2027.
PLEASANT PRAIRIE, WIS. — Avison Young has brokered the sale of a 200,696-square-foot food production facility located within LakeView Corporate Park in Pleasant Prairie. Royal Oak Realty Trust, a New York-based real estate investment trust, acquired the property. Erik Foster and Mike Wilson of Avison Young represented the seller, EQT Real Estate. Constructed in 2017, the facility is fully leased to a national bakery products supplier.