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Industrial

5-Paul-Kohner-Place-Elmwood-Park-New-Jersey
AcquisitionsIndustrialNew JerseyNortheast

STRO Cos., KRE Group Acquire 120,000 SF Industrial Portfolio in Elmwood Park, New Jersey

by Taylor Williams

ELMWOOD PARK, N.J. — A partnership between two locally based investment firms, The STRO Cos. and KRE Group, has acquired a portfolio of three industrial buildings totaling approximately 120,000 square feet in the Northern New Jersey community of Elmwood Park. The buildings are situated on a combined 7.4 acres at the intersection of I-80 and the Garden State Parkway. Both buildings feature clear heights of 20 feet. The partnership plans to reposition one of the buildings to support industrial outdoor storage use. IDB financed the acquisition. The seller and sales price were not disclosed.

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PSRS-Self-Storage-Provo-UT
IndustrialLoansSelf-StorageUtahWestern

PSRS Arranges $6.3M Refinancing for Self-Storage Facility in Provo, Utah

by Amy Works

PROVO, UTAH — PSRS has arranged $6.3 million in refinancing for a self-storage facility in Provo. The 130,510 rentable square-foot property offers 725 self-storage units that were 65 percent occupied at the time of refinancing. William DeFanti of PSRS secured the financing, which delivers significant cash-out proceeds alongside a 30-year amortization schedule. The borrower was undisclosed.

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buford-business-center
DevelopmentGeorgiaIndustrialSoutheast

Joint Venture Delivers 686,400 SF Speculative Industrial Park in Buford, Georgia

by Abby Cox

BUFORD, GA. — A joint venture between Trammell Crow Co. and a consortium led by CBRE Japan has delivered Buford Creek Business Center, a three-building, 686,400-square-foot speculative industrial park located in Buford, a northeast suburb of Atlanta in Gwinnett County. Building 100 at Buford Creek Business Center is a 349,440-square-foot cross-dock warehouse with 40-foot clear heights and 64 trailer parking spaces. Buildings 200 and 300, which are both rear-load buildings, each total 168,400 square feet and include 36-foot clear heights with 40 and 24 trailer parking spots, respectively. Todd Barton, Mark Hawks, Joanna Blaesing and Matt Higgins of CBRE are leasing the project on behalf of ownership. The project team included architect Atlas Collaborative and general contractor The Conlan Co.

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Greenbrier Commerce Center
AlabamaDevelopmentIndustrialSoutheast

Pattillo Breaks Ground on 262,880 SF Industrial Facility in Huntsville

by Abby Cox

HUNTSVILLE, ALA. — Pattillo Industrial Real Estate has broken ground on Greenbrier Commerce Center, a new 262,880-square-foot industrial development in Huntsville. The Atlanta-based development firm plans to deliver the facility in August 2027. Tripp Alexander, Joe Azar and Miller Conaway of Colliers will lead leasing and marketing efforts for the development. Situated near the Port of Huntsville, Greenbrier Commerce Center will be able to accommodate single or multiple users, with spaces ranging in size from 50,000 to 262,880 square feet. Upon completion, the facility will feature 32-foot clear heights, 46 dock-high doors, two drive-in doors, 156 car parking spaces and 65 off-dock trailer spaces, along with ESFR fire protection, clerestory windows and concrete tilt-panel construction. The development will also provide an adjacent build-to-suit site of up to 254,200 square feet. Planned to be pad-ready in 2027 as part of the initial development, the site will offer users the flexibility to accommodate future expansion or pursue a facility tailored to their specific operational requirements.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 382-Unit Self-Storage Facility in Lake Jackson, Texas

by Taylor Williams

LAKE JACKSON, TEXAS — Marcus & Millichap has brokered the sale of Brazos E-Z Storage, a 382-unit self-storage facility in Lake Jackson, about 55 miles south of Houston. Built on 3.4 acres in 1974, the facility offers climate-controlled and drive-up storage units, as well as outdoor parking spaces, for a total of 44,178 net rentable square feet. Dave Knobler, Charles LeClaire, Adam Schlosser and Mixson Staffel of Marcus & Millichap represented the Houston-based seller in the transaction and procured the Michigan-based buyer. Both parties requested anonymity.

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Gemini-Logistics-Center-Fort-Worth
DevelopmentIndustrialTexas

Foundry Commercial to Develop 192,000 SF Industrial Project in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Orlando-based Foundry Commercial will develop Gemini Logistics Center, a 192,000-square-foot industrial project in Fort Worth. The address was not disclosed, but the 15-acre site is located along the I-35 corridor in the Meacham submarket on the city’s north side. Gemini Logistics Center will be a two-building development, with both structures featuring rear-load configurations and dock-high loading areas. A construction timeline was not disclosed.

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AcquisitionsDevelopmentIllinoisIndustrialMidwest

Prologis to Develop 1 MSF Logistics Facility in Minooka, Illinois

by Kristin Harlow

MINOOKA, ILL. — Prologis has acquired 69 acres in Minooka within Chicago’s I-80 submarket with plans to develop Minooka Exchange, a 1 million-square-foot logistics facility. The single-story, cross-dock building will feature a clear height of 40 feet, 290 car parking spaces and an 185-foot truck court. The site is adjacent to Canadian National Railway’s Chicago Logistics Hub, which is under construction. Prologis expects to break ground in the coming weeks.

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AcquisitionsIndustrialNortheastPennsylvaniaSelf-Storage

Matthews Negotiates Sale of 513-Unit Self-Storage Facility in State College, Pennsylvania

by Taylor Williams

STATE COLLEGE, PA. — Nashville-based brokerage firm Matthews has negotiated the sale of a 513-unit self-storage facility in State College, home of Penn State University, and the facility is located about four miles from campus. State College Storage is a newly constructed facility that features climate-controlled and drive-up units for a total of 58,800 net rentable square feet. Austin McLeod and Jack Connelly of Matthews represented the seller, an undisclosed private developer, in the transaction. U-Haul purchased State College Storage for an undisclosed price.

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IndustrialIowaMarket ReportsMidwestMidwest Market ReportsMultifamilyOfficeRetail

Cedar Rapids: An Unparalleled Midwest City

by Kristin Harlow

By Scott Olson As I look back over the last 12 months since my August 2025 Cedar Rapids update, the resilience of this city to adapt despite high interest rates, tariffs and a Middle East conflict is second to none. Our city council priorities have remained unchanged: • Housing options and affordability • Strengthen and stabilize neighborhoods • Clean and safe city • Recreational and cultural amenities • Homelessness • Flood control system The economic growth highlighted in this report is matched by city efforts in all the priority areas. Our current national rankings reflect these successes: • No. 3 Best Place to Live in the Midwest (SpaceWise, 2026) • No. 3 City with the Most Affordable Rent (WalletHub, 2026) • No. 5 Midwest City for a Peaceful Retirement (lnvestopedia, 2026)  • No. 11 Most Affordable Small City to Buy a Home (WalletHub, 2026)  • No. 16 Best City to Buy a House in America (Niche.com, 2026) • No. 19 Safest City in Americas (WalletHub, 2026) — ranked across key dimensions, including home and community safety and natural disaster risk and financial safety • No. 22 Best Run City in the U.S. (WalletHub, 2025) • No. 30 City with the …

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IndustrialLoansTexas

Lightstone Capital Provides Loan for Refinancing of Metro Houston Industrial Building

by Taylor Williams

CHANNELVIEW, TEXAS — Lightstone Capital, the debt financing arm of New York City-based Lightstone Group, has provided a loan of an undisclosed amount for an industrial building in Channelview, an eastern suburb of Houston. According to LoopNet Inc., the building at 300 S. Sheldon Road was built in 2003 and totals 180,000 square feet. Elias Haddad led the transaction for Lightstone, which closed the deal in conjunction with two other debt originations for multifamily properties in Southern California that totaled $70 million across all three loans. The borrower was not disclosed.

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