Saturday, October 18, 2025
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Industrial

IllinoisIndustrialLeasing ActivityMidwest

Worldwide Flight Services Signs Full-Building, 66,552 SF Industrial Lease in Suburban Chicago

by Kristin Harlow

FRANKLIN PARK, ILL. — Worldwide Flight Services (WFS) has signed a full-building, 66,552-square-foot industrial lease at The Cubes at ORD in the Chicago suburb of Franklin Park. The development is located immediately southeast of the O’Hare International Airport at the intersection of Irving Park Road and Seymour Avenue. The recently completed facility features 20 exterior dock doors, two drive-in doors, 11 trailer storage spaces, parking for 70 vehicles and direct access to I-294. Brian Colson and Brian Pomorski of Avison Young represented owner CRG in the lease, while Matt Mulvihill of CBRE represented WFS. CRG integrated partner Lamar Johnson Collaborative designed The Cubes at ORD while parent company Clayco served as general contractor.

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AcquisitionsIllinoisIndustrialLee & AssociatesMidwest

Lee & Associates Arranges $1.5M Sale of Industrial Building in Arlington Heights, Illinois

by Kristin Harlow

ARLINGTON HEIGHTS, ILL. — Lee & Associates of Illinois has arranged the $1.5 million sale of a 15,654-square-foot industrial building in the Chicago suburb of Arlington Heights. The property is located at 3860 N. Ventura Drive. Dustin Albers of Lee & Associates represented the seller, AmBeed, a chemical wholesaler. The buyer, Digital Design Corp., is an engineering consultant already located in the same business park. The property will serve as an additional location for the company. Albers also represented AmBeed in its purchase of 1001 Asbury in Buffalo Grove, allowing the firm to consolidate its operations to a new corporate headquarters.

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SGS-Studios-AllianceTexas-Fort-Worth
DevelopmentIndustrialRetailTexas

Hillwood, SGS Studios Launch 450,000 SF Film, TV Production Campus in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Hillwood and SGS Studios, a venture backed by screenwriter Taylor Sheridan, have launched a 450,000-square-foot film and TV production campus at AllianceTexas in North Fort Worth. Hillwood and SGS Studios are launching the campus in collaboration with Paramount Television, the network that airs Sheridan-created shows like Yellowstone and Landman. Filming at the purpose-built, two-building campus began in March 2025, led by Paramount and 101 Studios for the second season of Landman. The campus features fully HVAC-equipped and power-optimized facilities that combine sound stages, mill space, wardrobe and green screen capabilities.

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IndustrialLoansNew YorkNortheast

Starwood Provides $500M in Financing for Industrial Portfolio in Westchester County, New York

by Taylor Williams

WESTCHESTER COUNTY, N.Y. — Starwood Property Trust has provided $500 million in financing for a portfolio of 42 industrial buildings totaling approximately 2.4 million square feet in Westchester County, located north of New York City. The buildings are housed within three industrial parks and ae collectively known as the Westchester Industrial Portfolio. Peter Rotchford, Christopher Peck, Andrew Scandalios, Tyler Peck and Christopher Pratt of JLL arranged the debt on behalf of the owner, a partnership between affiliates of Dune Real Estate Partners and Robert Martin Co.

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IndustrialLife SciencesMassachusettsNortheast

Newmark Arranges Recapitalization of 450,000 SF Industrial, Life Sciences Campus in Billerica, Massachusetts

by Taylor Williams

BILLERICA, MASS. — Newmark has arranged the recapitalization of Axis Park North, a 450,000-square-foot industrial and life sciences campus located north of Boston in Billerica. The owner, a partnership between Camber Development and Wheelock Street Capital, sold a stake in the property to GEM Realty Capital for $79 million. The percentage was not disclosed. The six-building campus can support manufacturing and research-and-development uses and is currently home to tenants such as ASMPT AEi, Generac Power Systems and SuperConducting Systems. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, William Sleeper, Tony Coskren and Brian Pinch of Newmark represented both sides in the transaction.

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AcquisitionsGeorgiaIndustrialSoutheast

Bridge Logistics Acquires 1.6 MSF Industrial Portfolio in McDonough, Georgia

by John Nelson

MCDONOUGH, GA. — Bridge Logistics Properties, a subsidiary of publicly traded Bridge Investment Group Holdings Inc., has acquired a two-property industrial portfolio in McDonough spanning nearly 1.6 million square feet. Situated south of Atlanta via I-75, the properties in the portfolio include 150 Distribution Drive (760,256 square feet) and 201 Greenwood Court (800,000 square feet). Eastdil Secured brokered the sale. The seller and sales price were not disclosed. The properties were fully leased at the time of sale to four creditworthy tenants, including DHL Supply Chain (Exel Inc.), Caterpillar and Pregis. Each building features 30-foot clear heights, 184-foot truck courts, trailer and car parking, LED lighting and ESFR sprinkler systems.

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Commercial-Kitchen-Facility-Phoenix-AZ
ArizonaIndustrialLoansWestern

PSRS Arranges $3.3M Refinancing of Commercial Kitchen Facility in Phoenix

by Amy Works

PHOENIX — PSRS has arranged $3.3 million in refinancing for a commercial kitchen facility in Phoenix. The property features 22 private, health department-approved commercial kitchens ranging from 250 square feet to 500 square feet. Shared amenities include walk-in freezers and coolers, dry storage and dedicated areas for pick-up, delivery and order fulfillment. Mike Davis and Garrett Carter of PSRS secured the loan that includes a three-year term and 25-year amortization schedule through one of PSRS’ correspondent life insurance company lenders.

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IndianaIndustrialLeasing ActivityMidwest

Hearn Industrial Services Signs 197,587 SF Lease in East Chicago, Indiana

by Kristin Harlow

EAST CHICAGO, IND. — Hearn Industrial Services has signed a 197,587-square-foot lease at 1200 W. 145th St. in East Chicago. The Missner Group owns the newly developed industrial building. The tenant, a third-party logistics provider supporting Ford Motor Co.’s South Side Chicago plant, will utilize the space for the storage and distribution of parts for automotive manufacturing. The Missner Group is serving as general contractor for the build-out, which includes customized office and warehouse configurations. The 249,600-square-foot building was developed on a speculative basis and is now fully leased.

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IndustrialMarket ReportsMidwestMidwest Market ReportsOhio

Why Industrial Users Are Taking a Closer Look at Cleveland

by Kristin Harlow

By David Stecker, JLL As advanced manufacturing reshapes industrial real estate across the Midwest, Cleveland is emerging as a quietly powerful hub — offering scalable space, a strategic location and infrastructure ideal for high-growth sectors. While other Midwest metros have gained national attention for headline-grabbing investments, Cleveland is carving out its own unique path to growth, supported by advanced industries, a skilled workforce and a strong real estate foundation. The region’s industrial market remains competitive and resilient, even amid broader economic headwinds. Despite the recent move-out of Joann Fabric’s 1.4 million-square-foot facility in Summit County, overall fundamentals remain healthy, and Class A space is in especially high demand.  For high-tech and manufacturing users seeking logistics-ready facilities in a cost-effective market, Cleveland delivers — offering the right mix of space, speed and strategic location that today’s industrial users are actively pursuing. A market of opportunity According to JLL’s second-quarter 2025 Cleveland Industrial Insights Report, total vacancy in the market sat at 3.8 percent. While this represents a slight uptick following Joann’s exit, it still signals robust market health. Class A availability is especially tight, driven by a wave of large leases signed in newly developed properties. That momentum is putting upward …

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AcquisitionsIndustrialOfficeTexas

Citadel Partners Arranges Sales of Three Flex Buildings Totaling 71,920 SF in Allen, Texas

by Taylor Williams

ALLEN, TEXAS — Citadel Partners has arranged the sales of a three flex buildings totaling 71,920 square feet in the northeastern Dallas suburb of Allen. Collectively known as Allen Exchange, the buildings feature space designed for office, medical and showroom users. Katherine Pool and Mac Morse of Citadel Partners represented the seller, Gillett Commercial, in all three transactions. Jason Claunch of Catalyst Commercial represented the buyer of the largest, 50,864-square-foot building. Dave Peterson of NAI Robert Lynn represented the buyer of the second building, global film distributor Well Go USA Entertainment. The buyer of the third building was not disclosed.

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