Tuesday, August 18, 2026
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Industrial

215-Shuksan-Way-Everett-WA
AcquisitionsIndustrialLife SciencesWashingtonWestern

Breakthrough Properties Buys Biomanufacturing Facility Near Seattle for $78M

by Amy Works

EVERETT, WASH. — Breakthrough, a joint venture of Tishman Speyer and Bellco Capital, has acquired a biomanufacturing facility in Everett, a suburb of Seattle, for $78 million. In tandem with the acquisition, Breakthrough secured a separate 21-year lease for the entire campus with a global biopharmarceutical company to create a U.S. manufacturing facility. The 270,000-square-foot facility can support a range of uses, including drug manufacturing, quality-control lab operations and, warehouse/distribution functions. The property also offers administrative office spaces and an onsite café. The site, located at 215 Shuksan Way, was originally leased to a biotechnology company that invested approximately $350 million to build out a biomanufacturing facility but never moved in after being acquired in 2023. The transaction marks Breakthrough’s first investment in the Puget Sound region. The name of the seller was not released.

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DevelopmentIllinoisIndustrialMidwest

Associated Bank Provides $16.3M Loan for Construction of Warehouse in Metro Chicago

by Kristin Harlow

DOWNERS GROVE, ILL. — Associated Bank has provided a $16.3 million loan to a fund managed by High Street Logistics Properties LLC for the construction of a Class A warehouse at 3900 Finley Road in Downers Grove. The 123,927-square-foot project will feature 20 dock doors, two drive-in doors and 147 car parking spaces. The nearly 9-acre property between Butterfield and Ogden Avenues was formerly vacant. Construction is slated to commence this month with completion anticipated in June 2027. Krista Casper of Associated Bank managed the loan arrangements and closing.  

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AcquisitionsIllinoisIndustrialMidwest

SVN Chicago Arranges $3.7M Sale of Industrial Property in Lake Forest, Illinois

by Kristin Harlow

LAKE FOREST, ILL. — SVN Chicago Industrial has arranged the $3.7 million sale of a 35,482-square-foot industrial flex property located at 28041 N. Bradley Road in Lake Forest. John Joyce and Margaret Ames of SVN represented the seller. Situated on 2.8 acres, the property features two buildings, allowing the buyer to occupy a 23,000-square-foot headquarters while generating income on a separate 12,000-square-foot building. The facility features 1 acre of paved outdoor storage, two interior loading docks and two drive-in doors. It is located less than one mile from I-294.

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AcquisitionsIndustrialSelf-StorageTexas

Versal Negotiates Sale of 119-Unit Self-Storage Facility in Spicewood, Texas

by Taylor Williams

SPICEWOOD, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of Double Horn Storage, a 119-unit facility in the Central Texas city of Spicewood. The facility totals 40,160 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster, Hugh Horne and Kirk Silas of Versal represented the seller and procured the buyer, both of which were limited liability companies, in the transaction.

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Brokers Sale of 25,000 SF Industrial Flex Building in Northeast Dallas

by Taylor Williams

DALLAS — Lee & Associates has brokered the sale of a 25,000-square-foot industrial flex building in northeast Dallas. The building at 10999 Petal St. was originally constructed in 1985 and features 24-foot clear heights. Taylor Stell and Brett Lewis of Lee & Associates represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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AcquisitionsIllinoisIndustrialMidwest

JLL Arranges Sale of 717,475 SF Industrial Portfolio in Chicago Market

by Kristin Harlow

CHICAGO — JLL Capital Markets has arranged the sale of a 10-property light industrial portfolio totaling 717,475 square feet in Chicago’s collar counties. The assets span five municipalities in Will, DuPage and Kane counties, offering immediate access to I-80, I-55, I-88 and I-90. The portfolio comprises second-generation facilities with an average clear height of 26 feet and a mix of single-tenant and multi-tenant configurations across 22 suites. Built in 2001 on average, the properties include a combined 78 dock doors and 23 drive-in doors complemented by 1,013 car parking spaces across 41.5 acres. There are six properties in Tinley Park, two in Mokena and single assets in Naperville, Elgin and Romeoville. Currently 83.7 percent leased to 19 tenants, the portfolio features a weighted average lease term of 3.8 years. The properties range in size from 23,600 to 237,241 square feet. Office finish percentages range from 9.4 to 24.5 percent. Kurt Sarbaugh, Ed Halaburt, Trent Agnew, Sean Devaney, Ross Bratcher and Cameron Chandra of JLL represented the seller, High Street Logistics Properties. The buyer was undisclosed.

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IllinoisIndustrialLeasing ActivityMidwest

CoreCentric Solutions Signs 286,622 SF Industrial Lease in West Chicago

by Kristin Harlow

WEST CHICAGO, ILL. — CoreCentric Solutions has signed a 286,622-square-foot industrial lease at 1717 Harvester Road in West Chicago. The long-term lease brings the 465,950-square-foot manufacturing facility to full occupancy. David Conroy, Mark Wilson, Jordan Kwiecinski and Daniel Cawley of Cawley Commercial Real Estate represented the landlord, Plymouth Industrial REIT. Mike Senner of Colliers represented the tenant. The leased property offers 4,000 amps of heavy power, 15,579 square feet of office space, 14 interior docks and one drive-in doors. The lease is scheduled to commence in October.

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SparrowHawk-Almanac
AcquisitionsIllinoisIndustrialKentuckyMidwestMissouriOhioTop Stories

SparrowHawk, Almanac Realty Acquire 4.4 MSF Industrial Portfolio in Midwest for Nearly $400M

by Abby Cox

HOUSTON AND NEW YORK CITY — A joint venture between SparrowHawk and New York City-based Almanac Realty Investors has acquired a 20-property, 4.4 million-square-foot industrial portfolio located across six markets in the Midwest. Stockholm-based global investment firm EQT sold the portfolio for nearly $400 million. Brian Walsh, Lucas Borges, Steve Klein, Chris Pratt, Emma Berner and Christian Johnston of JLL Capital Markets secured a five-year, $236 million acquisition loan through PPM America on behalf of the buyers. “This acquisition accelerates SparrowHawk’s strategic expansion in the Midwest with a portfolio that is integral to connecting industrial occupiers to the large consumer markets driving logistics and e-commerce growth,” says Alfredo Gutierrez, president and founder of SparrowHawk. The assets, which are spread throughout St. Louis, Cincinnati, Cleveland, Columbus, Dayton and Louisville, were 94 percent leased at the time of sale to 30 tenants across multiple industries such as logistics and distribution; business and professional services; industrial and manufacturing; e-commerce and retail; and wholesale and supply distribution. According to various media sources, 50 percent of the collection by square footage is located in St. Louis, while Cincinnati holds approximately one-fifth of the portfolio. The industrial properties feature 30-foot average clear heights, extensive dock capacity, tilt-up …

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Southport-Logistics-Center-Wilmer
IndustrialLeasing ActivityTexas

Logistics Plus Signs 744,452 SF Industrial Lease in Wilmer, Texas

by Taylor Williams

WILMER, TEXAS — Logistics Plus has signed a 744,452-square-foot industrial lease in the southern Dallas suburb of Wilmer. The Pennsylvania-based provider of freight and fulfillment services will occupy the entirety of Building 2 within Southport Logistics Center, an approximately 1.5 million-square-foot development. Building 2 features 123 dock doors, three drive-in doors and 4,647 square feet of speculative office space. Kurt Griffin and Nathan Orbin of JLL represented the landlord, a joint venture between Bandera Ventures and Invesco Real Estate, in the lease negotiations.

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DevelopmentIndustrialTexas

Clay Development Breaks Ground on 63,440 SF Spec Industrial Project in North Houston

by Taylor Williams

HOUSTON — Local owner-operator Clay Development & Construction has broken ground on Kennedy Greens Distribution Center V, a 63,440-square-foot speculative industrial project in North Houston. The project marks the final phase of development for the 145-acre Kennedy Greens South Business Park. Building features will include a front-load configuration, 32-foot clear heights, 130-foot truck court depths, 2,600 square feet of office space and 73 car parking spaces. Completion is slated for the first quarter of next year.

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