CHICAGO AND MILWAUKEE — Brennan Investment Group has acquired an 801,728-square-foot industrial portfolio located across the Chicagoland and Milwaukee markets. The portfolio is comprised of 13 shallow-bay industrial buildings with a diverse tenant mix and a weighted average lease term of more than four years. The Chicago submarkets include I-55, Lake County, Northern DuPage and Central Kane/I-88, while the Milwaukee properties are located within the Airport and Northwest submarkets. Brennan’s Midwest portfolio totals 28 million square feet.
BURLINGTON, N.C. — Funds managed by Blackstone Credit & Insurance will invest $475 million to construct a highly automated grocery distribution center in Burlington, a city in North Carolina’s Triad region near Greensboro. The Blackstone affiliate purchased the 196-acre site for $46 million, according to Triad Business Journal. The company leased the site to Ahold Delhaize USA, the U.S. arm of global grocer Ahold Delhaize that operates the Food Lion, Giant Food and Stop & Shop grocery chains. Under the triple-net lease agreement, Blackstone Credit & Insurance will own the facility and fund 100 percent of the construction costs, while Ahold Delhaize USA will occupy the facility for the long-term with an option to purchase the site in the future. Construction of the new facility is expected to begin in the first quarter , with plans for the distribution center to be fully operational by 2029 and employ over 500 Ahold Delhaize associates.
HOUSTON — Colliers has brokered the sale of Humble Commerce Center Building 2, a 55,900-square-foot warehouse located at 17520 Eastex Freeway Road in North Houston. According to LoopNet Inc., the building was constructed on a 2.5-acre site in 2024 and offers 32-foot clear heights, eight dock-high doors and one grade-level door. Robert McGee, Taylor Schmidt and Austin Bartula of Colliers represented the seller, an entity doing business as Urban Eastex LP, in the transaction. Sinem Arikan and Barkley Peschel, also with Colliers, represented the buyer, ELLAXA.
HOUSTON — Locally based brokerage and investment firm Finial Group has arranged the sale of a 51,892-square-foot industrial complex in northwest Houston. According to LoopNet Inc., the multi-building property at 12539 Perry Road was built on 4.7 acres in 1998 and features 31-foot clear heights. Andrew Bischoff and Tyler Holt of Finial Group represented the undisclosed buyer in the transaction. The seller and sales price were also not disclosed.
JACKSONVILLE, FLA. — CIP Real Estate, a real estate investment firm based in Irvine, Calif., has purchased JAX Airport Logistics Center, a newly built, two-property industrial park adjacent to Jacksonville International Airport. Pan American Co. sold the 30.2-acre property to CIP for $51.6 million. Colliers brokered the sale, and CIP obtained a $35.6 million bridge loan for the acquisition. Located at 14825 International Airport Blvd., the 425,000-square-foot industrial park was delivered in December 2025. JAX Airport Logistics features four speculative office suites, dock packages and ramps, trailer parking, 250-foot building depths, 32-foot clear heights and Class A logistics space divisible to unit sizes ranging from 25,000 to 225,000 square feet. CIP has selected Guy Preston, Seda Preston and John Cole of Colliers to handle the leasing assignment at JAX Airport Logistics Center.
SPARKS, NEV. — Westmount Realty Capital has purchased Lillard Drive Industrial portfolio in Sparks. Terms of the transaction were not disclosed. Totaling 809,138 square feet, the Class A asset features three buildings located at 350, 360 and 450 Lillard Drive. At the time of sale, the portfolio was 90 percent leased to international and regional logistics and supply chain tenants. The buildings offer 24- to 26-foot clear heights, abundant dock-high and drive-in loading, ESFR sprinklers and a Union Pacific rail spur.
NEW BERLIN, WIS. AND VALPARAISO, IND. — Colliers has arranged the sale-leaseback of an approximately 290,000-square-foot industrial portfolio for tenant Dynatect Manufacturing Inc., a provider of engineered equipment protection and safety solutions. The portfolio comprises two facilities in New Berlin, Wis., and an additional property in Valparaiso, Ind., within the Chicago metro area. New Berlin-based Dynatect executed a long-term lease across all three properties. Tom Shepherd, John Kardelis and Jennifer Huber-Bullock of Colliers represented Dynatect as its exclusive real estate advisor. CIM Group was the buyer.
DETROIT — Gantry has arranged $12 million across two loans to refinance maturing debt for a pair of National Storage-branded facilities in suburban Detroit on behalf of Pogoda Cos. The stabilized properties offer 1,082 units totaling more than 141,000 net rentable square feet with additional vehicle storage and both climate-controlled and drive-up units. Andy Weiss, Andy Bratt and Nick Severson of Gantry represented the borrower, a private real estate investor. A life insurance company provided the seven-year, fixed-rate loan, which features interest-only payments for the full term and flexible prepayment. Gantry will service the loan on behalf of the lender.
WOOD DALE, ILL. — Dalfen Industrial has purchased a two-building, multi-tenant industrial portfolio totaling 56,000 square feet in the Chicago suburb of Wood Dale. The transaction was sourced through a longstanding relationship with Colliers. The properties are 66 percent leased and home to seven tenants with suite sizes ranging from approximately 3,000 to 7,000 square feet. The buildings feature five dock-high doors and six drive-in doors. The portfolio offers convenient access to I-90, I-290 and I-294 as well as close proximity to the Chicago O’Hare International Airport.
GREENSBORO, N.C. — Crescent Communities has sold AXIAL Liberty Commerce, a newly completed, 173,280-square-foot industrial facility located in Greensboro, to Hoffman & Hoffman Inc. The purchase price was $23.5 million, according to the Triad Business Journal. Jason Ofsanko and Jordan Mitchell of Cushman & Wakefield represented the seller in the transaction. Partners for the industrial project included First Horizon (lender), Bolton & Menk (civil engineering), Crescent Communities Construction (general contractor), DMA Architecture (architects) and Geo-Hydro Engineers (geotechnical and environmental engineering). Spanning 18 acres, AXIAL Liberty Commerce includes 2,804 square feet of office space, 171 car parking spaces, 20 trailer parking spaces, 32-foot clear heights, 47 dock-high doors and three drive-in doors.