LYNN, MASS. — A partnership between two locally based investment firms, A.W. Perry and Foxfield, has sold Lynnway Industrial Park, a 252,000-square-foot development in Lynn, located on the northeastern outskirts of Boston. Lynnway Industrial Park is a 17-acre redevelopment of the former Garelick Farms and West Lynn Creamery facilities that houses three buildings that were fully leased at the time of sale. Tenants include Global Protection Corp., LSG SkyChefs and Wash Cycle Laundry. Frank Petz, Matthew Sherry, Rob Schlesinger, Jack Barrett, Daniel Hincks and Joe Gaziano of Colliers represented the seller in the transaction. The buyer was North River Co.
Industrial
Hunt Midwest Enters Georgia With 1.9 MSF Industrial Development Near Port of Savannah
by John Nelson
BLOOMINGDALE, GA. — Hunt Midwest, a premier development firm based in Kansas City, plans to enter Georgia with its new Hunt Crossroads Commerce Center project. The 1.9 million-square-foot industrial development will be located in Bloomingdale, a city near the Port of Savannah. The project will sit on 280 acres at the northwest corner of I-16 and Jimmy DeLoach Parkway. The six planned buildings will have build-to-suit and flexible leasing options for users ranging from 100,000 to 427,680 square feet. Hunt Midwest has begun the first phase of infrastructural work and plans to break ground soon on Building I, a 318,367-square-foot, rear-load building that is scheduled to open in second-quarter 2027. The developer has tapped Bill Sparks and Preston Andrews of CBRE to handle leasing at Hunt Crossroads Commerce Center.
NEWPORT BEACH, CALIF. AND BOCA RATON, FLA. — BKM Capital Partners and Kayne Anderson Real Estate have acquired an 8.5 million-square-foot light industrial portfolio from Link Logistics for $1.8 billion. The portfolio includes 51 multi-tenant properties across markets in California, Washington, Texas and Georgia. The deal marks the largest light industrial transaction since 2022, according to the joint venture partners, which now maintain roughly 15 million square feet of multi-tenant light industrial assets under management. The portfolio is approximately 90 percent occupied and consists of nearly 2,000 units across 275 buildings, all located in infill submarkets within high-growth metropolitan areas. “At Kayne Anderson Real Estate, we continue to focus on sectors where we see durable demand drivers and the opportunity to create value through scale, vertical integration and operational expertise,” says Al Rabil, co-founder and CEO of Kayne Anderson Real Estate. “Multi-tenant light industrial remains a highly fragmented segment with compelling fundamentals.” “This acquisition marks the largest addition to BKM’s platform to date and is representative of the strategy we have deployed in the multi-tenant light industrial space for years,” says Brian Malliet, founder, CEO and chief investment officer of BKM. “It not only underscores the importance of deep operating …
CARLSTADT, N.J. — Cresa has negotiated a 249,640-square-foot data center lease in the Northern New Jersey community of Carlstadt. The tenant was not disclosed. The deal is for the entirety of the building at 600 Commerce Blvd., which was originally constructed in 2008 for a major banking institution. Michael Morris, Sumner Putnam, Kensey Gawne and Matt Deutsch of Cresa represented the landlord, local owner-operator Russo Development, in the lease negotiations.
BRISTOL, CONN. — Glory Tempering Glass has signed a 77,000-square-foot industrial lease in Bristol, located southwest of Hartford. The provider of specialty glass products and services will relocate from New York to the building at 575 Broad St., expanding its manufacturing capacity and footprint in the process. David Sherman and Sean Cahill of Avison Young represented the tenant in the lease negotiations. Ed Godin and Michael Grieder of Godin Property Group represented the undisclosed landlord.
BELLWOOD, ILL. — Ryan Cos. US Inc., in joint venture with Washington Capital Management Inc., has broken ground on a 190,000-square-foot speculative industrial facility in Bellwood, about 13 miles west of Chicago’s downtown Loop. The project is on the 13-acre site of the former SureBuilt building. The facility will feature a clear height of 32 feet and immediate access to several interstates as well as proximity to the Chicago O’Hare airport. The flexible design will accommodate uses from warehousing and distribution to light manufacturing. Ryan is the developer and builder. Completion is slated for spring 2027.
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 …
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 …
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.
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.