Tuesday, October 20, 2026
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Industrial

Philadelphia-Interstate-Portfolio
AcquisitionsIndustrialNortheastPennsylvania

Speed Bay Warehouse Solutions Buys 488,936 SF Industrial Portfolio in Greater Philadelphia

by Taylor Williams

PHILADELPHIA —Denver-based investment firm Speed Bay Warehouse Solutions has purchased a portfolio of eight industrial buildings totaling 488,936 square feet in the greater Philadelphia area. Collectively known as the Philadelphia Interstate Portfolio, the buildings are located throughout New Jersey’s Burlington County and Pennsylvania’s East Montgomery and Delaware counties. Building vintages span 1972 to 2004. The average unit size is 20, 372 square feet, and the buildings’ clear heights range from 17 to 33 feet. The portfolio was approximately 90 percent leased at the time of sale. The seller and sales price were not disclosed.

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DevelopmentIndustrialSoutheastTennessee

Hamilton, Clarion Purchase Former Bridgestone Tire Plant in Middle Tennessee, Plan 1.5 MSF Redevelopment

by Abby Cox

LA VERGNE, TENN. — Hamilton Development and Clarion Partners have purchased the former Bridgestone Americas tire plant in La Vergne, a southeast suburb of Nashville, with plans to redevelop the site into a master-planned industrial park. Jeff Feste and Dan McGillicuddy of JLL brokered the transaction. Feste, along with Christopher Gaw, Kelsey Johnson and Carly Seaman of JLL, will lead leasing efforts for the new site. Situated at 1201 Bridgestone Parkway, the 135-acre redevelopment will span 1.5 million square feet across 10 buildings. The site offers multiple opportunities for flexible build-to-suit or speculative space, with the ability to accommodate tenants from 80,000 to 250,000 square feet. The site plan also features a future retail building on the corner of Waldron Road and Bridgestone Parkway.  The first phase of the project, which will begin immediately with demolition work of the existing Bridgestone plant, includes the construction of buildings 1 through 6, collectively totaling more than 760,000 square feet of space. Phase I is set to deliver in the second quarter of 2028. Major employers like FedEx, Amazon, UPS, The Home Depot, Quanta and Coca-Cola are also located nearby.

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AcquisitionsIllinoisIndustrialMidwest

Silver Creek Development Sells 2 MSF Industrial Facility in Illinois to Michelin North America for $151M

by Kristin Harlow

WILMINGTON, ILL. — Silver Creek Development has sold a 2 million-square-foot industrial facility and adjacent land parcel to Michelin North America for $151 million. Located at 29900 S. Graaskamp Blvd. in Wilmington, about 60 miles southwest of downtown Chicago, the regional distribution property sits on a 91-acre site and is fully occupied by Michelin North America. The company uses the property to house inventory serving dealers and automakers throughout the Midwest and western U.S. Silver Creek acquired the property from Transwestern Development Co. in 2021 for $126 million. Pacific Life Insurance Co. provided $81.9 million in financing for Silver Creek’s original acquisition.

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DevelopmentIndustrialLife SciencesNortheastPennsylvaniaTop Stories

GSK to Invest $800M in Metro Philadelphia Life Sciences, Manufacturing Facilities, Create 300 New Jobs

by Taylor Williams

UPPER MERION, PA. — Global pharmaceutical company GSK plc (NYSE: GSK) will invest $800 million in its life sciences and manufacturing facilities in metro Philadelphia, an initiative that is expected to create about 300 new jobs within the local economy. The announcement is a follow-up to the company’s pledge in late September to invest $30 billion in research-and-development (R&D) and manufacturing initiatives over the next five years, with $1.2 billion earmarked for expanding its existing technologies and advanced manufacturing sites, including its metro Philadelphia facilities. The existing facilities are located in Upper Merion Township, about 20 miles northwest of Philadelphia. The expansion will involve some demolition of existing facilities to establish a biopharmaceutical innovation and manufacturing hub, integrating commercial production, R&D and advanced digital capabilities in a single site. Construction is scheduled to begin next year. The new jobs are expected to be created over a five-year period, bringing GSK’s total employment in the region to about 4,500 positions. GSK announced a similar $800 million investment in its pharmaceutical and biotechnology facilities in Lancaster, about 70 miles west of Philadelphia, about two years ago. The company will be eligible for tax benefits through Pennsylvania’s Qualified Manufacturing Innovation and Reinvestment Deduction …

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DevelopmentIndustrialOklahomaTexas

Greenheck Group to Open 1.3 MSF Manufacturing Facility in Owasso, Oklahoma

by Taylor Williams

OWASSO, OKLA. — Greenheck Group, a provider of commercial air movement, control and conditioning equipment, will open a 1.3 million-square-foot manufacturing facility in Owasso, a northern suburb of Tulsa. Greenheck has acquired a 72-acre distribution campus that was formerly operated by Macy’s, and the new manufacturing plant is expected to generate about 700 new jobs within the local economy over the next five years. In addition, the project represents a total capital investment of about $300 million in the regional economy. Greenheck expects to finalize initial building upfit improvements by spring 2027, with production beginning shortly thereafter.

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Summit-Grove-Business-Park-Spring-Texas
DevelopmentIndustrialLeasing ActivityTexas

Stream Realty Partners Nears Completion of 215,891 SF Industrial Project in Spring, Texas

by Taylor Williams

SPRING, TEXAS — Stream Realty Partners is nearing completion of Summit Grove Business Park, a 215,891-square-foot industrial project in the northern Houston suburb of Spring. Building One is a 124,930-square-foot, rear-load structure that is currently available for lease. Building Two is a 90,961-square-foot facility that is fully preleased to an undisclosed, energy services company. Garrett Thomas and David Munson of Cushman & Wakefield represented the tenant in the lease negotiations for Building Two. Tyler Maner, Abe Richardson and Grant Wisenbaker represented ownership on an internal basis.

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Company NewsIndustrialTexas

TexAmericas Center Signs MOU to Support Japanese Manufacturing, Business Growth in Texarkana

by Taylor Williams

TEXARKANA, TEXAS — TexAmericas Center has signed a memorandum of understanding (MOU) with AIST Solutions, a Japanese industrial, research and engineering company, as well as AIST’s American subsidiary, to support manufacturing and business growth in Texarkana. The agreement establishes a formal working relationship that connects TexAmericas Center, which owns and operates a 12,000-acre mixed-use and industrial park of the same name near the Arkansas-Texas border, with Japanese companies exploring U.S. market entry and expansion.  

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AcquisitionsIndustrialNorth CarolinaSoutheast

Link Logistics Acquires 550,992 SF Industrial Property in Youngsville, North Carolina

by Abby Cox

YOUNGSVILLE, N.C. — New York City-based Link Logistics has acquired Eaton Logistics Facility, a 550,992-square-foot industrial property located at 2545 Innovation Loop in Youngsville, roughly 23 miles outside Raleigh. The facility, which was fully leased at the time of sale, features 40-foot clear heights, cross-dock configuration and direct access to U.S. Route 1. The property serves as a warehousing and distribution hub that supports manufacturing operations in the Raleigh area. JLL represented the sellers, Summit Real Estate Group and an institutional partner, in the transaction. The sales price was not disclosed.

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AcquisitionsIndustrialMontanaSelf-StorageWestern

Local Developer Sells 95,660 SF Self-Storage Facility Near Bozeman, Montana

by Amy Works

BELGRADE, MONT. — A local developer has completed the sale of At Home Storage, a self-storage facility in Belgrade, approximately 10 miles northwest of Bozeman, to Storage Rentals of America for an undisclosed price. Mason Gates and Bend Tracy of Matthews represented the seller and sourced the buyer in the transaction, with Brian Brockman serving as broker of record. Developed in four phases beginning in 2021, the property features 95,660 net rentable square feet across 601 self-storage units on 7 acres. The asset is located at 1205 Rizzo Lane.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 80,392 SF Industrial Complex in Northwest Houston

by Taylor Williams

HOUSTON — Colliers has brokered the sale of Northwest Technical Center, an 80,392-square-foot industrial complex located at 5201–5291 Langfield Road in northwest Houston. Ben Condara and Jon Lindenberger of Colliers represented the undisclosed seller in the transaction. The buyer, local investment firm Pine Ridge Real Estate, plans to make both interior and exterior capital improvements to the property and has also retained Colliers as the leasing agent.

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