Industrial

Gensler-Data-Center-Texas

By Rives Taylor, principal, global resilience research lead, Gensler Texas is experiencing rapid growth in data center development as part of a broader push to support artificial intelligence (AI) ventures that have transformed digital infrastructure into a magnet for capital. As noted in Gensler’s recent Design Forecast, these assets demand abundant land, power and connectivity, making the region a natural fit for long-term growth in digital and industrial real estate. However, these facilities also require reliable access to significant water resources to support cooling systems that are essential for maintaining uninterrupted operations. As development increases, so do the needs for resources, and Texas lacks a consistent policy requiring operators to report essential metrics such as water use, energy consumption or cooling loads. This lack of transparency limits the ability of policymakers, communities and design professionals to fully understand the environmental impact of one of the state’s fastest-growing industrial sectors. With rising pressure on water supplies and power systems, the need for clearer reporting standards and more forward‑looking design approaches is becoming increasingly urgent. A recent white paper by the Houston Area Research Center (HARC), found that “without modernized planning and policy updates, the state faces a collision between finite water …

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ATLANTA — JLL has arranged the $300 million sale of a six-property industrial portfolio located across five Southeastern states. The facilities in the nearly 1.6 million-square-foot portfolio were fully net-leased to FedEx on long-term agreements at the time of sale. Built between 2022 and 2023, the facilities range in size from 251,000 to 337,000 square feet. The properties are located in Punta Gorda, Fla.; Anderson, S.C.; Myrtle Beach, S.C.; Christiansburg, Va.; Bristol, Va.; and Wingate, N.C. PGIM and Miramar Capital sold the portfolio to a confidential buyer. Britton Burdette, Dennis Mitchell, Luis Castillo, Bill Prutting, Jim Freeman, Maggie Dominguez and Bobby Norwood of JLL represented the sellers in the transaction. “The scale and geographic diversification of this portfolio reflect the critical role last-mile distribution plays in today’s logistics landscape,” says Burdette. “PGIM positioned these assets to capitalize on accelerating demand for modern industrial space in markets with strong population growth and consumer spending fundamentals.” PGIM is the global asset management business of Prudential Financial Inc. (NYSE: PRU) and has $1.4 trillion in assets under management as of March 31, 2026, including $217 billion in real estate assets. Miramar Capital is a privately owned real estate investment and development firm specializing in …

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KATY, TEXAS — JLL has negotiated the sale of an 838,446-square-foot industrial facility in the western Houston suburb of Katy. The building, which was constructed in 2024 as a build-to-suit for Builders FirstSource, represents Phase I of a larger development known as Grand Central West. Building features include 40-foot clear heights, 136 dock doors, 20 loading ramps, three drive-in doors, 185-foot truck court depths, 31,065 square feet of office space and parking for 500 cars and 134 trailers. Trent Agnew, Charles Strauss, Lance Young, Clay Anderson and Dawson Hastings of JLL represented the seller, a partnership between Pinpoint Commercial and Senterra, in the transaction. Goldman Sachs purchased the building for an undisclosed price.

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Hub-202-Phoenix-AZ

PHOENIX — A joint venture between Machine Investment Group, Miramar Capital and Axonic Capital has acquired The Hub @ 202, a 1.3-million-square-foot industrial park in Phoenix. Terms of the transaction were not disclosed. Situated in the city’s Southeast Valley submarket, The Hub @ 202 features 10 buildings ranging in size from 65,000 square feet to 270,000 square feet. The partnership plans to invest additional capital into the property to create move-in ready industrial suites designed to meet the market demand and attract a variety of tenants. Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren of Cushman & Wakefield coordinated the sale along with leasing advisors Ken McQueen, Chris McClurg, Blake Peters and Jack Sim of Lee & Associates. Cushman & Wakefield’s Equity, Debt & Structured Finance team, including Brian Share, Rob Rubano, Max Schafer and Joseph Lieske, arranged financing on behalf of the new ownership.

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1099-Hendricks-Causeway-Ridgefield-New-Jersey

RIDGEFIELD, N.J. ­— Marcus & Millichap has brokered the sale of a self-storage development site in the Northern New Jersey community of Ridgefield. The site at 1099 Hendricks Causeway is fully entitled and permitted, and the facility is planned to feature more than 73,000 net rentable square feet of space across approximately 1,200 climate-controlled units. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller, local owner-operator StorageBlue, in the transaction. The team also procured the buyer, Safely Store. Jim McGuckin of Marcus & Millichap assisted in closing the deal as the broker of record.

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LITTLE CHUTE, WIS. — Zilber Property Group has acquired a 208,000-square-foot industrial building in Little Chute, about 25 miles southwest of Green Bay. Constructed in 1997 and renovated in 2010, the property is fully occupied by Progressive Converting Inc., an independent paper converter. The acquisition marks Zilber’s first in the Fox Valley area. The company now owns and manages nearly 10 million square feet across more than 50 industrial buildings in Wisconsin.

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CEDARBURG, WIS. — Elm Grove, Wis.-based Luther Group has broken ground on an 86,800-square-foot spec industrial building in southeast Wisconsin’s Cedarburg. The project will be situated on 8 acres within Highway 60 Business Park, and flexible leasing options will be offered ranging from 15,000 to 86,800 square feet. Completion is slated for December 2026. Colliers is handling leasing.

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Daitch-Pull-Quote

TEMPLE, TEXAS — Rowan Digital Infrastructure, a Denver-based data center owner-operator backed by Blackstone (NYSE: BX), has received $3 billion in construction financing for a new, 700-acre hyperscale campus in the Central Texas city of Temple. The facility could account for the creation of approximately 600 construction jobs and up to 40 permanent jobs. Rowan broke ground on the first phase of the 300-megawatt (MW) project earlier this year and expects construction to last 12 to 18 months. The names of the debt providers were not disclosed, but local media outlet KDH News reports that the deal represents “the largest financing transaction in the company’s history” since its founding in late 2020. According to the Temple Daily Telegram, the campus is located at 1855 Bob White Road on the city’s east side and has a Phase I price tag of $700 million. The local publication also reports that the site will not require the development of additional electrical infrastructure and that the facility will have a water recirculation system that will reduce stress on the regional water supply. “Securing this financing is a major moment for Rowan and reflects a significant level of trust from the industry’s largest capital providers,” says …

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Airport-Mini-Storage-Corning-CA

CORNING, CALIF. — Bancap Self Storage Group has arranged the sale of two self-storage properties operated together in Corning. A private family trust sold the assets to a local group for an undisclosed price. Dean Keller of Bancap Self Storage Group represented the seller in the transaction. Airport Mini Storage and Affordable Mini Storage offer a combined nearly 52,000 net rentable square feet with 315 units. At the time of sale, the portfolio was fully occupied.

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RoyOMartin-Corrigan-Texas

CORRIGAN, TEXAS — RoyOMartin, a provider of plywoods, timbers and boards, is underway on $115 million manufacturing expansion project in Corrigan, about 100 miles northeast of Houston. The project involves the construction of a 370,400-square-foot facility that will complement RoyOMartin’s existing, 407,125-square-foot plant. The new facility is expected to account for the creation of about 120 new jobs and to increase RoyOMartin’s total production capacity across its 150-acre campus by 70 percent.

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