Sunday, June 22, 2025
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Industrial

AcquisitionsGeorgiaIndustrialOfficeSoutheast

Stoic Equity Partners Purchases 90,300 SF Flex Property in McDonough, Georgia

by John Nelson

MCDONOUGH, GA. — Stoic Equity Partners has purchased a 90,300-square-foot office and warehouse property located on McDonough Parkway in McDonough, a southern suburb of Atlanta. The Daphne, Ala.-based investor purchased the five-building property through an investment fund named SEP Industrial Holdings I LLC for $5.8 million. Nick Watson and Harrison Auerbach of Matthews Real Estate Investment Services represented the undisclosed, Georgia-based seller in the transaction. The flex property features loading docks, drive-in access, 18- to 20-foot clear heights and truck court space. The McDonough property is the second Atlanta-area investment for Stoic Equity Partners.

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DevelopmentIndustrialMichiganMidwest

Brinkmann Constructors Completes 794,000 SF Detroit Commerce Center

by Kristin Harlow

DETROIT — Brinkmann Constructors has completed Detroit Commerce Center, a 794,000-square-foot office and industrial development in Detroit. NorthPoint Development was the developer. Located on the site of the former American Motors Corp. headquarters, the project included eight office build-outs for an automotive parts supplier. studioNorth Architecture served as the project architect.

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IndustrialLeasing ActivityMichiganMidwest

Edge Autonomy Energy Systems Signs 85,000 SF Industrial Lease in Ann Arbor

by Kristin Harlow

ANN ARBOR, MICH. — Edge Autonomy Energy Systems has signed a lease for an 85,000-square-foot industrial building located at 5775 Interface Drive in Ann Arbor. A producer of solid oxide fuel cells and ruggedized power solutions, Edge Autonomy Energy Systems and its legacy companies have operated in Ann Arbor for 20 years. The property on Interface Drive was originally a high-bay office building and will be converted to meet the tenant’s needs. Kyle Passage, Craig Herschel and Steve Langton of Cushman & Wakefield represented the tenant, while Matt Buslepp of Avison Young represented the landlord, Mansour Cos.

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124-Westboro-Road-Grafton-Massachusetts
DevelopmentIndustrialLife SciencesMassachusettsNortheast

GFI Partners to Undertake 200,000 SF Life Sciences Redevelopment in Grafton, Massachusetts

by Taylor Williams

GRAFTON, MASS. — GFI Partners will undertake a 200,000-square-foot life sciences redevelopment project in Grafton, located in Worcester County. The Boston-based developer will convert a 33.2-acre site that was formerly part of the Grafton State Hospital campus into a two-building facility that can also support industrial usage under local zoning laws. MassDevelopment sold the parcel to GFI Partners for an undisclosed price. Construction is set to begin this summer and to be complete in early 2026.

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IndustrialLeasing ActivityMassachusettsNortheast

JLL Negotiates 111,119 SF Industrial Lease in Wilmington, Massachusetts

by Taylor Williams

WILMINGTON, MASS. — JLL has negotiated a 111,119-square-foot industrial lease at Upton Crossing in the northern Boston suburb of Wilmington. The lease is for the entirety of the building at 38 Upton Drive, which features a clear height of 32 feet. Joe Fabiano, Jamey Lipscomb, Jordan Yarboro and Brian Tisbert of JLL represented the landlord, locally based developer The Davis Cos., in the lease negotiations. Rachel Marks and Chelsea Andre, also with JLL, represented the tenant, an undisclosed provider of medical devices and equipment.

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DevelopmentFloridaIndustrialSoutheast

Foundry Commercial to Develop 457,000 SF Logistics Center in Boynton Beach, Florida

by John Nelson

BOYNTON BEACH, FLA. — Foundry Commercial has purchased 30 acres at 3800 S. Congress Ave. in Boynton Beach, with plans to develop a 457,000-square-foot logistics center at the site. Upon completion, the development — dubbed Egret Point Logistics Center — will feature two rear-load warehouses with 180-foot truck courts, 32-foot clear heights, parking and ESFR sprinkler systems. The Orlando-based developer plans to demolish the existing 126,000-square-foot office and warehouse building currently occupying the site to make way for the new project. Construction is scheduled to be completed in spring 2025.

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IndustrialLeasing ActivityTexas

Square Robot Signs 14,200 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Square Robot Inc., a provider of energy equipment and solutions, has signed a 14,200-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 12302 FM 529 was built in 2014 and totals 55,516 square feet. Christian Villarreal and Jack Gaffney of Finial Group represented the tenant in the negotiations for the seven-year lease. Brandon Wuntch and Drew Altmann of Fritsche Anderson Realty Partners represented the undisclosed landlord.

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AcquisitionsIndustrialMidwestNAISelf-StorageWisconsin

NAI Pfefferle Brokers Sale of 135-Unit Self-Storage Facility in Highbridge, Wisconsin

by Kristin Harlow

HIGHBRIDGE, WIS. — NAI Pfefferle has brokered the sale of a 135-unit self-storage facility in Highbridge, a city in northern Wisconsin. While the sales price was undisclosed, the asking price was $1.5 million. The 31,040-square-foot property is located at 38147 State Highway 13. Jonathan Glassco of NAI Pfefferle and Scott Rihm of EquiCap Commercial brokered the transaction. Buyer and seller information was not provided.

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Austin-Point-Rosenberg
DevelopmentIndustrialTexas

Signorelli Breaks Ground on Phase I of 4,700-Acre Master-Planned Community Near Houston

by Taylor Williams

ROSENBERG, TEXAS — Locally based developer The Signorelli Co. has broken ground on Phase I of Austin Point, a 4,700-acre master-planned community in Rosenberg, located roughly 30 miles southwest of Houston in Fort Bend County. Upon completion, the development will feature 14,000 homes and 17 million square feet of multifamily, office, medical, retail and hospitality space. The project will also include the extension of Fort Bend and Grand parkways at the development site for more convenient access to downtown Houston. Phase I of Austin Point will include the construction of 400 homes that will be built on smaller lots in an alley-loaded format and will range in size from 1,300 to 4,500 square feet.

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