TUCSON, ARIZ. — PCA Properties LLC has acquired an industrial space, located at 5575 S. Houghton Road in Tucson, from L&M Family Ventures for $4.2 million. The property offers 31,042 square feet of industrial space. Stephen Cohen of Cushman & Wakefield | PICOR represented the seller, while Greg White of SRS Real Estate Partners – West represented the buyer.
STAFFORD, VA. — Matan Cos. has broken ground on a 250,000-square-foot industrial facility located at the Courthouse Road interchange off I-95 in Stafford, about 44 miles south of Washington, D.C. The spec facility is the first property within Matan’s Venture Industrial park. The property will feature 36-foot clear heights, 52- by 47.5-foot column spacing, a 130-foot truck court, 60 dock doors, 243 parking spaces and four electric vehicle charging stations. Matan expects tenant build-outs at the facility to begin in May 2027 and for the building to be substantially complete by July 2027. The property can accommodate single or multiple users.
AURORA, ILL. — The Missner Group has acquired 657 Wolverine Drive, a 58,236-square-foot industrial building in Aurora. Located on 5.5 acres, the multi-tenant property features a clear height of 18 feet, multiple drive-in doors and loading docks, heavy power and ample parking. Built in 1997, the asset also offers outside storage. Missner plans to implement a targeted value-add program, including tenant build-outs, renovation of existing office space and structural improvements. Two units are currently available for lease, representing a total of 25,267 square feet. Steve Connolly and Mark Moran of NAI Hiffman represented the undisclosed seller, while Andrew Maletich of Cawley CRE represented the buyer. Maletich and colleague Matt Garland have been retained as the leasing brokers.
HOUSTON — Constellation Real Estate Partners will develop a 422,452-square-foot industrial project in northwest Houston. Constellation Mills Road will be situated on a 37-acre site at 8175–8225 Mills Road and will consist of one cross-dock building totaling 334,447 square feet and one front-loading building totaling 88,005 square feet. The buildings will feature 32- and 36-foot clear heights and combined parking for 268 cars and 91 trailers. Construction is scheduled to begin in July and to be complete in the second quarter of 2027. Constellation has tapped KBC Advisors as the leasing agent.
ARLINGTON, TEXAS — NTime Fleet Services has signed a 17,884-square-foot industrial lease in Arlington. The provider of forklift services is taking space at the building at 3211-3227 E. Avenue E, which according to LoopNet Inc. was completed in 1963 and totals 56,500 square feet. Hudson Sheets of Holt Lunsford Commercial represented the tenant in the lease negotiations. Maddy Coffman and Walker Floyd, also with Holt Lunsford, represented the landlord, Taurus Investment Holdings.
HUMBLE, TEXAS — Partners Real Estate has brokered the sale of a 10,350-square-foot industrial building in Humble, a northern suburb of Houston. According to LoopNet Inc., the freestanding building at 19742 Carver Ave. was completed in 2024 and features 18-foot clear heights. Wyatt Huff and Hunter Stockard of Partners represented the seller, Mulla Properties LLC, in the transaction. The buyer, an entity doing business as #1 Tires & Auto Hub, also plans to occupy the building.
HARTFORD COUNTY, CONN. — JLL has brokered the sale of the New England Tradeport Shallow Bay Portfolio, a collection of nine industrial buildings totaling 641,631 square feet in Hartford County. The portfolio features an average building size of 71,292 square feet, average vintage of 1997 and an average clear height of 25 feet. John Huguenard, Michael Restivo, David Coffman, Tommy Hovey and Shawn McMahon of JLL represented the seller, INDUS Realty Trust, in the transaction. The buyer and sales price were not disclosed. The portfolio was 98 percent leased to 19 tenants at the time of sale.
MEMPHIS, TENN. — Provident Industrial, a division of Dallas-based Provident, has acquired a 13-property industrial portfolio across the Memphis area totaling more than 2.5 million square feet. Case Van Lare and Christopher Martin led the Provident Industrial team in the transaction. The firm plans to hold the portfolio as a long-term investment opportunity. The seller and sales price were not disclosed, but the Memphis Business Journal reports that the seller was Blackstone Real Estate Income Trust Inc. and that 11 assets within Shelby County, Tenn., sold for $115 million. The outlet also reports that Provident Industrial purchased 33.7 acres in DeSoto County, Miss. Tenants within the portfolio include The Home Depot, UPS, Northstar and GXO, according to Memphis Business Journal.
ATLANTA — JLL Capital Markets has arranged $35.7 million in financing for a seven-building shallow-bay industrial complex totaling 397,959 square feet in northeast Atlanta. Melissa Rose, Bobby Norwood, Nicole Diaz and Preston Bacon of JLL secured the loan through Synovus Bank on behalf of the borrower, Miami-based COFE Properties. Dubbed the Atlanta Small Bay Portfolio, the buildings range in size from 45,000 to 77,000 square feet, with an average tenant suite size of 8,650 square feet. The complex was 83.6 percent leased at the time of financing to 35 tenants spanning wholesale and distribution, specialty trades, logistics, construction and home improvement industries. In addition, the buildings feature 18- to 22-foot clear heights and flexible rear configurations with dock-high and drive-in capabilities designed for multi-tenant occupancy. COFE Properties plans to implement a capital improvements program with renovations such as building enhancements, site work and tenant space upgrades.
BAYONNE, N.J. — Barings has provided $86.2 million in bridge financing for a 355,580-square-foot industrial property in the Northern New Jersey community of Bayonne. Bridge Point Bayonne was built in 2024 on a 17.6-acre site that is approximately 1.5 miles from the New Jersey Turnpike. Building features include a cross-dock configuration, clear height of 40 feet, 70 dock doors, four drive-in doors and parking for 213 cars and 56 trailers. Jon Mikula, Michael Klein, Michael Lachs and Kevin Badger of JLL arranged the floating-rate loan on behalf of the borrower, Kurv Industrial, the Chicago-based investment and development firm formerly known as Bridge Industrial.