Friday, September 18, 2026
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Industrial

DevelopmentIndustrialSouth CarolinaSoutheast

Magnus Breaks Ground on 226,800 SF Industrial Building at 803 Park in Columbia, South Carolina

by John Nelson

COLUMBIA, S.C. — Magnus Development Partners has broken ground on Gateway 2, the fourth building at the 803 Park industrial campus adjacent to Columbia Metropolitan Airport. Set to deliver by second-quarter 2027, the 226,800-square-foot building will feature CSX rail service, 18 dock doors, 50- by 54-foot bay spacing and an ESFR fire protection system. Magnus has tapped Chuck Salley, Thomas Beard and John Peebles of Colliers to lease and market Gateway 2. At full completion, 803 Park will comprise five buildings spanning nearly 1 million square feet. To date, three buildings totaling 625,440 square feet have been delivered in the park and are fully leased to six tenants.

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DevelopmentIllinoisIndustrialMidwest

Dermody Breaks Ground on 357,619 SF Logistics Center in Berkeley, Illinois

by Kristin Harlow

BERKELEY, ILL. — Dermody has broken ground on the LogistiCenter at Berkeley, a 357,619-square-foot facility at 5300 St. Charles Road in Berkeley, a western suburb of Chicago. The project is a redevelopment of an older, functionally obsolete industrial building. The property will feature a clear height of 40 feet, 57 dock-high doors, 357 car parking spaces and 63 trailer stalls. The project is expected to be available for lease in the first quarter of 2027. Charlie Kenning, Jackie Shropshire and Dan McGillicuddy of JLL are representing Dermody.

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IndustrialLeasing ActivitySoutheastVirginia

JE Richards Signs 935,000 SF Industrial Lease in Stafford, Virginia

by John Nelson

STAFFORD, VA. — JE Richards, an electrical components manufacturer serving the data center industry, has signed a full-building lease at Capitol Logistics 95, a nearly 935,000-square-foot industrial building in Stafford. The property is located at 211 Centreport Parkway near I-95. John Dettleff led the JLL team representing the landlord, Flint Development, in the lease negotiations. Michael DiMeglio and Michael Isen of NAI Michael represented JE Richards, which plans to employ roughly 500 staffers at the facility at full capacity.

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IndustrialLoansSouth CarolinaSoutheast

Thorofare Capital Provides $35M Loan for Refinancing of Industrial Property Near Port of Savannah

by John Nelson

HARDEEVILLE, S.C. — Thorofare Capital has provided a $35 million loan for the refinancing and lease-up of Gateway Commerce Park, a two-building industrial park near the Port of Savannah. Built in 2025, Gateway Commerce Park spans nearly 450,000 square feet and is situated in Hardeeville, a city near the South Carolina-Georgia border. The park comprises a 330,480-square-foot cross-dock building and a 118,800-square-foot warehouse. Andrew Kim of Thorofare Capital originated the floating-rate, interest-only bridge loan on behalf of the borrower, an undisclosed real estate development firm.

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AcquisitionsIndustrialTexas

Marcus & Millichap Brokers Sale of 50,000 SF Industrial Complex in Northwest Houston

by Taylor Williams

HOUSTON — Marcus & Millichap has brokered the sale of The Workshops at Breen, a 50,000-square-foot industrial complex in northwest Houston. The shallow-bay property was constructed on a 3.8-acre site at 5801 Breen Drive in 2021 and comprises eight buildings that house a total of 28 suites with 40 grade-level doors and 18-foot clear heights. Grant Roosma, Adam Abushagur and Tyler Ranft of Marcus & Millichap represented the seller, Harbor Capital, in the transaction and procured the buyer, Harbor Hill.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 28,212 SF Industrial Lease in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Lee & Associates has negotiated a 28,212-square-foot industrial lease in the northern Dallas suburb of McKinney. The building at 320 Wilmeth Road is part of McKinney Trade Center, a 22.5-acre development that houses four buildings that range in size from 95,840 to 171,398 square feet. Brett Lewis and Taylor Stell of Lee & Associates represented the tenant, Blount Fine Foods, in the lease negotiations. Adam Graham and Ken Wesson, also with Lee & Associates, represented the landlord, ML Realty Partners.

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ExtraSpace-Storage-Wayne-New-Jersey
DevelopmentIndustrialLoansNew JerseyNortheastSelf-Storage

Basis Industrial Receives $24M Construction Loan for Self-Storage Project in Wayne, New Jersey

by Taylor Williams

WAYNE, N.J. — Florida-based owner-operator Basis Industrial has received a $24 million construction loan for a self-storage project in the Northern New Jersey community of Wayne. ExtraSpace Storage will operate the facility at 555 Hamburg Turnpike, which will span 85,330 net rentable square feet across 586 climate-controlled units. Construction is underway and expected to be complete in early 2028. NexBank and NexPoint provided the loan.

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5104-Express-Ave-Shafter-CA.jpg
AcquisitionsCaliforniaIndustrialWestern

Wonderful Co. Sells 1.1 MSF Industrial Property in Shafter, California

by Amy Works

SHAFTER, CALIF. — The Wonderful Co., through its Wonderful Real Estate business, has completed the disposition of 5104 Express Avenue in Shafter to a global technology and e-commerce company for an undisclosed price. Phil Lombardo, Andrew Starnes and Cruise Adams of Cushman & Wakefield represented the seller, while Colin MacMillan of KBC Advisors represented the buyer in the transaction. Situated within Wonderful Logistics Center, the facility features 1.1 million square feet of Class A industrial space and marks the buyer’s third location at the 2,000-acre, master-planned logistics and distribution campus. Developed on a speculative basis, the asset feature a clear height of 40 feet, 216 dock-high doors, two grade-level doors, 455 automobile parking spaces and 939 trailer stalls.

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800-E-Germann-Rd-Chandler-AZ
AcquisitionsArizonaIndustrialWestern

Oxford Properties, Sagard Real Estate Divest of 113,110 SF Industrial Facility in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — Oxford Properties, in partnership with Sagard Real Estate, has completed the disposition of 800 East Germann Road in Chandler to Cohen Asset Management for an undisclosed price. Will Strong, Jack Stamets, Molly Miller, Michael Matchett and Madeline Warren of Cushman & Wakefield represented the buyer and seller in the deal. Brian Share and Ernesto Sanchez of Cushman & Wakefield led the debt placement, securing a loan through an insurance company lender. Delivered in 2021, the 113,110-square-foot facility features 1.5 acres of secured excess yard space, a fully gated truck court and efficient circulation. Ferguson Enterprises fully leases the property, which is located within Chandler Airpark.

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121-Commerce-Park-McKinney
DevelopmentIndustrialTexas

VanTrust Real Estate Breaks Ground on 512,000 SF Spec Industrial Project in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Kansas City-based developer VanTrust Real Estate has broken ground on an approximately 512,000-square-foot speculative industrial project in McKinney, located north of Dallas. The project represents Phase I of a larger, 42-acre development known as 121 Commerce Park. Phase I will consist of two buildings that will span 242,393 and 270,479 square feet. Project partners include Evans General Contractors, architect GSR Andrade, civil engineer Kimley-Horn and leasing agent JLL. Construction of Phase I is expected to last about a year.

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