Sunday, November 2, 2025
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Industrial

DevelopmentIndustrialMarylandSoutheast

Knott Realty Group Underway on Two Baltimore Industrial Buildings Totaling 276,000 SF

by John Nelson

BALTIMORE — Knott Realty Group is underway on the development of two industrial buildings totaling 276,000 square feet at 9107 and 9114 Yellow Brick Road in Baltimore. Scheduled for completion in the second quarter of 2025, the properties will comprise 150,492 and 125,791 square feet, respectively, and feature 32-foot ceiling heights, ESFR sprinklers, high-bay LED lighting and a seven-inch concrete slab. 9107 Yellow Brick Road will offer 46 dock doors, two drive-in doors and 226 parking spaces, with 9114 Yellow Brick Road offering 38 dock doors, two drive-in doors and 160 parking spaces. An additional lot will provide the capacity for up to 29 trailer drops. Together, the buildings mark the final phase of Knott’s Yellow Brick Road business community, which will total more than 1 million square feet within nine buildings. The company is managing all marketing and leasing for the properties on an in-house basis.

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DevelopmentIndustrialNew YorkNortheastSelf-Storage

Stuf Storage Opens 180-Unit Self-Storage Facility in Brooklyn

by Taylor Williams

NEW YORK CITY — Stuf Storage has opened a 180-unit self-storage facility in Brooklyn. The facility is located at 485 Clermont Ave. at the nexus of the Clinton Hill and Prospect Heights neighborhoods and consists of 15,000 gross square feet. Units range in size from 12 square feet to 240 square feet. Locally based developer RXR owns the property. Stuf Storage now operates about 30 facilities across seven states.

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AcquisitionsIndustrialMidwestNAIWisconsin

NAI Pfefferle Brokers Sale of 50,000 SF Manufacturing Building in Sheboygan Falls, Wisconsin

by Kristin Harlow

SHEBOYGAN FALLS, WIS. — NAI Pfefferle has brokered the sale of a 50,000-square-foot manufacturing building located at 520 Forest Ave. in Sheboygan Falls, a city in eastern Wisconsin. The sales price was undisclosed, but the asking price was $3.9 million. John Roberts of NAI Pfefferle brokered the sale. Buyer and seller information was not provided.

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Lilly-Lebanon
DevelopmentIndianaIndustrialMidwestTop Stories

Eli Lilly Plans $5.3B Expansion of Pharmaceutical Manufacturing Facility in Lebanon, Indiana

by Katie Sloan

LEBANON, IND. — Eli Lilly and Co. (NYSE: LLY) has released plans for a $5.3 billion expansion of its manufacturing facility in Lebanon, roughly 27 miles northwest of Indianapolis. The investment is the largest in U.S. history for active pharmaceutical ingredient manufacturing, according to the company.  Lilly began developing the Lebanon site, located within the LEAP Research and Innovation District, in 2023. The expansion will enhance the company’s capacity to manufacture active pharmaceutical ingredients for its Zepbound and Mounjaro injectables, which are both diabetes and weight loss drugs. Lilly’s total investment in the site is now $9 billion.  Upon full build-out, the facility will staff 900 full-time employees. The company expects to begin manufacturing at the property in 2026, with operations scaling up through 2028. The development will include the addition of a learning and training center built in conjunction with the State of Indiana, which will be utilized by the larger LEAP District. Lilly will also partner with the state on new infrastructural additions including roads, water, electricity and other utilities. Since 2020, Lilly has committed more than $16 billion to develop new manufacturing sites in the U.S. and Europe, with developments located in the Research Triangle of North …

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DevelopmentIndustrialNorth CarolinaSoutheast

Lovett Industrial Breaks Ground on 282,000 SF Orr Road Business Center in Charlotte

by John Nelson

CHARLOTTE, N.C. — Houston-based Lovett Industrial has broken ground on Orr Road Business Center, a 282,000-square-foot industrial business park in Charlotte. The property will feature two multi-tenant rear-load buildings on 21.7 acres, designed for occupancies ranging from 30,000 to 156,000 square feet. The buildings will comprise 156,000 and 126,000 square feet, respectively, featuring 32-foot clear heights, 6-inch reinforced concrete slabs, 180-foot truck courts, 60 total loading doors and two drive-in doors each. Henry Lobb and Abby Rights of Avison Young will manage leasing at the property, with Chris Skibinski of Avison Young providing capital markets strategic advisory services. A construction timeline was not disclosed.

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AcquisitionsGeorgiaIndustrialSoutheast

JLL Brokers Sale of 264,339 SF Regency Center Industrial Park in Atlanta

by John Nelson

ATLANTA — JLL Capital Markets has brokered the sale of Regency Center, a 264,339-square-foot industrial park located along Jimmy Carter Boulevard in Atlanta. Situated on 20.4 acres, the property comprises eight buildings and features 36 suites, rear-load configurations, 16- to 20-foot clear heights, 67 dock-high doors and 12 grade-level doors. Richland Capital Holdings acquired the property for an undisclosed price. Matt Wirth, Jim Freeman, Dennis Mitchell and Britton Burdette of JLL represented the undisclosed seller in the transaction.

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Park-Algodon-1-Phoenix-AZ
ArizonaDevelopmentIndustrialWestern

Creation, Clarion Partners Break Ground on $250M Park Algodon Industrial Project in Phoenix

by Amy Works

PHOENIX — Creation and Clarion Partners have broken ground on the first phase of Park Algodon, a previously announced, 1.3 million-square-foot industrial campus in Phoenix. Situated on 87 acres, the two-phase speculative industrial development will total 1.3 million square feet at full build out. The first phase includes four buildings, totaling 766,000 square feet, for tenants as small as 16,000 square feet and as large at 317,000 square feet. The second phase will consist of a 556,000-square-foot building. The buildings will feature 32- to 36-foot minimum clear heights, ample power and abundant employee parking. LGE Design Build is leading the architecture and construction. The first phase is scheduled for completion in the third quarter of 2025. Mike Haenel, Andy Markham and Phil Haenel of Cushman & Wakefield are handling leasing of the project.

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AcquisitionsColoradoIndustrialWestern

Flywheel Capital Buys Two Industrial Outdoor Storage Properties in Denver Area

by Amy Works

DENVER AND COMMERCE CITY, COLO. — Flywheel Capital has acquired two industrial properties, 4970 Cook Street in Denver and 5790 Dahlia Street in Commerce City, for an undisclosed price. The acquisitions will expand Flywheel’s industrial outdoor storage (IOS) portfolio. Situated on 2.4 acres, 4970 Cook Street is a 20,000-square-foot, single-tenant, net-leased industrial property. The asset offers fenced secure storage space for businesses with large inventory needs and is currently leased to Goodyear Tire and Rubber. The property has served as Goodyear’s operational base since 1998. Located on 2.1 acres, 5790 Dahlia Street is a 7,000-square-foot industrial facility. In November 2023, TransWood Carriers, a bulk transportation company with more than 40 locations nationwide, signed a long-term lease at the property. Mike Viehmann, Mike Wafer and Mike Wafer Jr. of Newmark represented the undisclosed seller, while Flywheel Capital was self-represented in the deal.

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Negotiates Sale of 150,268 SF Industrial Property in Metro Dallas

by Taylor Williams

CARROLLTON, TEXAS — Lee & Associates has negotiated the sale of a 150,268-square-foot industrial property in the northern Dallas metro of Carrollton. The site at 1235 W. Trinity Mills Road spans 12.4 acres. Corbin Blount of Lee & Associates represented the seller, an undisclosed, locally based limited liability company, in the transaction. Chris Beggins and Adam Graham, also with Lee & Associates, represented the buyer, an entity doing business as CUI Properties — TX.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 122-Unit Self-Storage Facility in Lorena, Texas

by Taylor Williams

LORENA, TEXAS — Marcus & Millichap has brokered the sale of Lorena Mini Storage, a 122-unit self-storage facility located about 15 miles south of Waco. The facility spans 22,794 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a private investor based in the Dallas-Fort Worth area, in the transaction. The duo also procured a locally based investment group as the buyer. The sales price was not disclosed.

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