Tuesday, July 8, 2025
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Industrial

1501-W.-Edgar-Road-Linden-New-Jersey
DevelopmentIndustrialNew JerseyNortheast

CenterPoint Delivers 321,875 SF Industrial Project in Linden, New Jersey

by Taylor Williams

LINDEN, N.J. — Chicago-based investment and development firm CenterPoint Properties has delivered a 321,875-square-foot industrial project in the Northern New Jersey community of Linden. The site, which formerly housed a Walmart-anchored shopping center, is located within four miles of two I-95 interchanges. Building features include a clear height of 40 feet, 50 loading docks with room to expand and parking for up to 100 trailers and some 250 cars. CODA Logistics & Distribution preleased the entire facility last spring. Construction began in late 2022.

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955-N-Fiesta-Blvd-Gilbert-AZ.jpg
AcquisitionsArizonaIndustrialWestern

ViaWest Group Acquires 428,427 SF Industrial Campus in Gilbert, Arizona

by Amy Works

GILBERT, ARIZ. — ViaWest Group has purchased a 428,427-square-foot industrial property in the Phoenix suburb of Gilbert for an undisclosed price. Situated on 26.9 acres, the campus features six buildings housing 11 tenants. At the time of sale, the property was 98 percent occupied. The properties feature 15-foot to 30-foot clear heights, 64 dock-high doors, 23 grade-level doors and 639 car parking spaces. The campus comprises a 108,212-square-foot building at 955 N. Fiesta Blvd., a 126,472-square-foot facility at 1171 and 1191 N. Fiesta Blvd., a 180,087-square-foot building at 2075 and 2135 W. Obispo Ave. and a 13,656-square-foot property at 2020 W. Guadalupe Road. Mark Detmer, Greer Oliver, Ryan Sitov and Connor Nebekey-Hay of JLL Capital Markets facilitated the transaction. The name of the seller was not released. Kevin MacKenzie, Jason Carlos and Jarrod Howard of JLL secured financing for the buyer. Steve Larsen of JLL is marketing the portfolio for lease.

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AcquisitionsIndustrialWashingtonWestern

Marcus & Millichap Negotiates $2.3M Sale of Industrial Property in Buckley, Washington

by Amy Works

BUCKLEY, WASH. — Marcus & Millichap has arranged the sale of Buckley Commercial Building and Yard, an industrial property in Buckley, approximately 25 miles east of Tacoma. A limited liability company sold the asset to an undisclosed buyer for $2.3 million, or nearly $220 per square foot. Located at 28515 WA-410, the property features 10,512 square feet of industrial space. Matthew Herman and RJ Vara of Marcus & Millichap’s Seattle office represented the seller in the transaction.

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DevelopmentIndustrialNew YorkNortheastOffice

BEB Capital Completes $4M Renovation of Industrial Flex Facility in Port Washington, New York

by Taylor Williams

PORT WASHINGTON, N.Y. — New York-based investment firm BEB Capital has completed the $4 million renovation of 26 Harbor Drive, a 71,164-square-foot industrial flex facility in Port Washington. TPG Architecture designed the project, which included an upgrade of infrastructural systems, a revamp of the office space, the addition of new amenities and the commissioning of a mural. BEB Capital first acquired the property, which also houses the company headquarters, in June 1994.

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DevelopmentIndustrialKansasMidwest

Honeywell to Invest $84M in Kansas Manufacturing Facility

by Kristin Harlow

OLATHE, KAN. — Honeywell has unveiled plans to invest $84 million to expand its aerospace manufacturing facility in Olathe, a southern suburb of Kansas City, according to Gov. Laura Kelly. The investment is expected to create 156 new jobs, generate nearly $47 million in total gross domestic product and contribute $18.3 million in state and local taxes in its first six years. The expansion will create one of Honeywell’s most technologically advanced aerospace manufacturing facilities. The 560,000-square-foot property currently manufactures components for Honeywell’s avionics, safety and flight control systems, complex radio frequency systems for traffic collision avoidance, radar altimeters and weather radar.

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AcquisitionsIllinoisIndustrialMidwest

Marcus & Millichap Negotiates $9.9M Sale of Industrial Property in Lake Bluff, Illinois

by Kristin Harlow

LAKE BLUFF, ILL. — Marcus & Millichap has negotiated the $9.9 million sale of a 67,879-square-foot industrial property in Lake Bluff, a northern suburb of Chicago. The property consists of two multi-tenant buildings located on North Skokie Highway. Adam Abushagur, Nicholas Kanich and Tyler Sharp of Marcus & Millichap represented the seller, a private investor. Buyer information was not provided.

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DevelopmentIndustrialNew YorkNortheast

Venture One, Affinius Deliver 121,270 SF Spec Industrial Project on Long Island

by Taylor Williams

ISLIP, N.Y. — A partnership between Chicago-based Venture One Real Estate and New York City-based Affinius Capital has delivered a 121,270 square-foot speculative industrial project in the Long Island community of Islip. The site at 2950 Veterans Memorial Highway spans 9.7 acres, and the building features a clear height of 36 feet, 130-foot truck court depths and parking for 122 cars and 119 trailers. Cushman & Wakefield is marketing the property for lease.

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446-S-Yucca-Ave-Rialto-CA
AcquisitionsCaliforniaIndustrialWestern

Stockbridge, Dedeaux Properties Divest of Three-Property Industrial Outdoor Storage Portfolio in the Inland Empire

by Amy Works

SAN BERNARDINO AND RIALTO, CALIF. — Stockbridge and Dedeaux Properties have completed the disposition of a three-property industrial outdoor storage portfolio in California’s Inland Empire. Terms of the transaction, including the name of the buyer and acquisition price, were not released. Totaling 1 million square feet on 23.2 acres, the three buildings are located at 446 S. Yucca Ave. in Rialto and 1066 N. Tippecanoe Ave. and 1938 W. 5th St. in San Bernardino. Mark Detmer, Evan Moran, Chad Solomon, Patrick Wood and Louis Tomaselli of JLL Capital Markets arranged the transaction. Brian Halpern and Jason Rosin, also of JLL, assisted with the procurement of the financing.

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465-Industrial-Ave-Santa-Teresa-NM
AcquisitionsIndustrialNew MexicoWestern

Hunt Southwest Real Estate Acquires 215,256 SF Industrial Building in Santa Teresa, New Mexico

by Amy Works

SANTA TERESA, N.M. — Hunt Southwest Real Estate Development has purchased an industrial building located at 465 Industrial Ave. in Santa Teresa, near both the Texas and Mexico borders. MCS Realty Partners sold the asset for an undisclosed price. Built in 2015, the vacant 215,256-square-foot building offers of 32-foot clear heights; existing office space; an air-conditioned space for quality control lab, production or assembly; an ESFR sprinkler system; and a secure, fenced-in truck court with trailer staging area. Additionally, there’s land adjacent to the building that can accommodate a 45,000-square-foot building expansion, additional parking or outside storage. Adin Brown of Sonny Brown Associates brought the acquisition opportunity to Hunt Southwest and will represent the company in the lease-up of the facility.

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Secure-Self-Storage-Clinton-UT.jpg
AcquisitionsIndustrialSelf-StorageUtahWestern

Mountain West Purchases 101,025 SF Secure Self Storage in Clinton, Utah

by Amy Works

CLINTON, UTAH — Mountain West Self Storage has acquired Secure Self Storage, a 101,025-square-foot facility in Clinton, approximately 30 miles north of Salt Lake City. A family development group sold the asset for an undisclosed price. Secure Self Storage consists of four one-story buildings offering a total of 647 climate-controlled and non-climate-controlled units. The facility has brick front dividers with metal interior walls, standing-seam metal roofs, roll-up doors and asphalt driveways. Jordan Farrer and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap represented the seller and procured the buyer in the transaction.

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