SUFFOLK, VA. — Rockefeller Group and Matan Cos. have broken ground on Building 3 at Port 460 Logistics Center, an industrial development that will comprise 5 million square feet in Suffolk, approximately 20 miles southwest of Norfolk with direct access to the Port of Virginia. The third building will be completed in the first quarter of 2027 and will span a little more than 1 million square feet, making it the largest building within the master-planned industrial park. Buildings 1 and 2, which measure 339,150 square feet and 246,490 square feet, respectively, are completed and ready for lease or sale. In a joint venture partnership with Mitsubishi Estate New York, Chuo Nittochi and Taisei USA LLC, Rockefeller and Matan will deliver 2.4 million square feet of industrial space across five buildings in Phase I of Port 460 Logistics Center. A second phase totaling 2.7 million square feet will follow. Rockefeller and Matan broke ground on Port 460 in September 2024. Brian Devlin, Todd Hughes, Kris Kennedy and Gregg Christofferson of JLL are handling leasing at the property. Earlier this year, A. Duie Pyle, a 101-year-old, family-owned provider of integrated transportation and distribution solutions, purchased a 43-acre development site at Port 460 …
SHEPHERDSVILLE, KY. — JLL Income Property Trust has received a $49 million mortgage loan for Louisville Logistics Center, a 1 million-square-foot distribution facility located in Shepherdsville, a southern suburb of Louisville. The facility was fully leased at the time of financing to UPS Supply Chain Solutions. The loan features a five-year term with a 5.28 percent interest rate. The lender was not disclosed. JLL Income Property Trust acquired Louisville Logistics Center in 2023. The property features 40-foot clear heights and 110 dock-high doors.
DUBLIN, CALIF. — Newmark has arranged the sale of Sierra Trinity, a shallow-bay industrial portfolio located at 6701 Sierra Court in Dublin, located in the San Francisco East Bay area. Terms of the transaction were not released. Sierra Trinity features 11 buildings that were 97 percent leased at the time of sale to nearly 40 tenants across a variety of industries. Steven Golubchik, Edmund Najera, Darren Hollak and Brendan Raney of Newmark represented the undisclosed seller and buyer in the deal.
NEW YORK CITY — New York City-based Catalyst Investment Partners has received $281 million in acquisition financing for a national portfolio of 77 industrial outdoor storage (IOS) properties. The properties are scattered across 12 markets, including locations in Northern New Jersey, Miami and Washington, D.C. The financing comprises separate loans provided by Blackstone Real Estate Debt Strategies and institutional investors advised by J.P. Morgan Asset Management. Justin Horowitz of New York City-based mortgage broker Cooper-Horowitz arranged the financing on behalf of Catalyst Investment Partners. The seller was not disclosed. The exact occupancy rate of the portfolio at the time of the loan closing was not disclosed, but the properties are leased to “a variety of tenants representing a diverse cross-section of industries,” according to Catalyst. These industries include equipment rental, infrastructure and e-commerce. “Our early entry into the IOS sector and proprietary data has enabled us to identify a deep opportunity set of small, flexible, low-coverage IOS properties that are situated in dense urban areas where the supply of IOS is fixed or declining, creating irreplaceable assets for occupiers and investors,” says Max Heiden, co-founder and partner at Catalyst. Heiden co-founded Catalyst in 2021 with Dan Haroun. The company currently …
Columbia’s industrial market is evolving into a competitive contender in the Southeast, with only a low 4.7 percent vacancy rate. The Scout Motors manufacturing project is a huge win for Richland County and the Midlands and will bring back the iconic Scout SUV (and pick-up truck). The 4,000 jobs on 1,600 acres is greatly anticipated. South Carolina was the fastest growing state in 2024, according to U-Haul, and near the top in 2025, with no signs of slowing. Columbia is in the middle of this steady growth with its central location as an excellent logistics hub with I-20, I-77 and I-26 and less than two hours from the Port of Charleston. Growing inventory The Columbia industrial market now contains approximately 81 million square feet of inventory, reflecting steady expansion over recent years. Despite being smaller than major logistics markets, Columbia stands out due to its active construction pipeline, with nearly 4 million square feet under development as of late 2025. This represents one of the highest development ratios among comparable secondary markets, signaling strong investor confidence and long-term growth expectations. Much of this new supply is concentrated in: • Build-to-suit logistics facilities • Large-scale speculative distribution centers • Advanced manufacturing …
DENTON, TEXAS — Arvato USA has signed a 269,600-square-foot industrial lease in the North Texas city of Denton. The Germany-based third-party logistics provider will occupy the entirety of Denton Logistics Center, a newly constructed building that features 32-foot clear heights. James Ewing with Colliers represented the tenant in the lease negotiations. Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial represented the landlord, Brookfield Properties.
PISCATAWAY, N.J. — IDI Logistics has broken ground on a 154,387-square-foot industrial project in the Northern New Jersey community of Piscataway. The building at 1551 S. Washington Ave. will feature a rear-load configuration, clear height of 40 feet, 24 dock doors, two drive-in doors, 130-foot truck court depths and parking for 144 cars and 20 trailers. CBRE is marketing the building for lease. A tentative completion date was not announced.
VONORE, TENN. — Brennan Investment Group has acquired a 202,000-square-foot manufacturing facility located in the East Tennessee city of Vonore, about 35 miles south of Knoxville. The seller and sales price were not disclosed. The facility is fully leased to Commercial Vehicle Group (CVG), a global manufacturer of commercial vehicle systems, under a new 20-year absolute net lease. The facility is one of two seating manufacturing plants operated by CVG in the United States. Situated on roughly 42 acres, the property offers access to I-75, I-40, McGhee Tyson Airport and the Port of Tellico.
POCATELLO, IDAHO — CBRE has arranged the sale of a 59.7-acre industrial development site located at 1800 River Park Way in Pocatello on behalf of developer Portneuf Capital. Lex Development acquired the site for an undisclosed price. The property consists of two industrial-zoned parcels that currently contain 45,904 square feet of office space and 113,048 square feet of warehouse space. Formerly a Hoku Materials manufacturing site, the property has undergone entitlement and planning work under current ownership and is positioned for future business park or owner-user development. The site is participating in a brownfield development program, with a Phase I environmental assessment completed and no further action required. Kurt Gregg, Tim Reid and Montana Carranza of CBRE represented the seller in the transaction.
SAUGET, ILL. — The St. Louis Regional Freightway has added 160 acres to its pipeline of rail-accessible real estate sites. Located in Sauget, just east of St. Louis, the addition consists of four contiguous parcels and brings the aggregate inventory of rail-served sites in the region to more than 4,600 acres. The properties are located within or adjacent to Sauget Business Park. Upper Cahokia Road is the largest of the four parcels with 103 acres of land just northeast of Sauget Business Park. Parcels 7 and 8 within Sauget Business Park are located just off Sauget Business Boulevard, next to existing facilities for Amazon, Stellar Manufacturing and Sensient, and total 44.7 acres. The final parcel, 1635-1643 Sauget Business Park, totals 12.6 acres along Sauget Business Boulevard. All four sites can be rail-served via the adjacent CPKC railroad and are located within an enterprise zone and tax-increment financing district.