Saturday, October 18, 2025
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Industrial

DevelopmentIndustrialMidwestMissouri

Contegra Completes 120,000 SF Manufacturing Facility for Elite Tool in Moscow Mills, Missouri

by Kristin Harlow

MOSCOW MILLS, MO. — Contegra Construction has completed a 120,000-square-foot manufacturing facility for Elite Tool in Moscow Mills, a northern suburb of St. Louis. The project replaces the company’s 70,000-square-foot manufacturing operation. The $20 million expansion is expected to create 30 new jobs. Located at 609 Tropicana Village Drive, the property features a 110,000-square-foot manufacturing zone, 8,000-square-foot office and 2,000 square feet of mezzanine storage. The facility includes various power and mechanical infrastructure as well as three dock doors, an oversized drive-in door and parking for 90 vehicles. Elite Tool is a lean contract manufacturer for the aerospace, commercial and defense industries.

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DevelopmentIndustrialMidwestOhio

Prologis Breaks Ground on 112,320 SF Industrial Expansion for MillerKnoll in Batavia, Ohio

by Kristin Harlow

BATAVIA, OHIO — Prologis has broken ground on an expansion project for MillerKnoll at 3001 Afton Drive in Batavia near Cincinnati. The logistics project will add 112,320 square feet to the existing 617,760-square-foot warehouse and distribution facility, giving MillerKnoll the space it needs to support its growing Design Within Reach home furnishings business across North America. An estimated 30 full-time jobs will be created once the development is complete, bringing the total number of jobs at the location to approximately 150 employees. Hemmer Construction Co. is the general contractor.

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AcquisitionsIndustrialSoutheastVirginia

Cushman & Wakefield | Thalhimer Brokers $7.9M Sale of Industrial Facility in Fredericksburg, Virginia

by John Nelson

FREDERICKSBURG, VA. — Cushman & Wakefield | Thalhimer has brokered the $7.9 million sale of a 79,240-square-foot industrial facility located at 4701 Market St. in Fredericksburg, a city in Spotsylvania County that sits about 57 miles south of Washington, D.C. The buyer, Rappahannock Area Community Services Board, purchased the building from the previous owner and tenant, Rappahannock Goodwill Industries. Wilson Greenlaw and Berkley Mitchell of Cushman & Wakefield | Thalhimer represented the seller in the transaction. Rappahannock Area Community Services Board plans to relocate its headquarters to the facility.

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CaliforniaIndustrialMarket ReportsWesternWestern Market Reports

San Diego Industrial Market Is Playing to its Advantages

by John Nelson

— By Bryce Aberg and Brant Aberg of Cushman & Wakefield — Optimism is returning to the San Diego industrial market after a few quarters of recalibration. Buyer appetite has resurfaced in core submarkets like Otay Mesa, Miramar and Carlsbad, which has created a ripple effect across the Greater San Diego industrial market. With an inventory of 162 million square feet as of the second quarter, San Diego is beginning to see the benefit of limited supply. Natural barriers like Mexico, the Pacific Ocean, Camp Pendleton and the nearby mountains are driving the San Diego industrial market toward full build-out. There is currently only 2.4 million square feet of inventory under construction, with not much more proposed.  Following the all-time highs in rent growth and positive absorption seen in 2021 and 2022, San Diego’s enduring fundamentals and built-in advantages have kept it in place as one of the most stable and competitive in Southern California. With a diversified tenant base, high barriers to entry and a strategic position on the U.S.-Mexico border, fundamentals have held while others in the Southern California region have struggled in comparison.  Bid-ask spreads are also starting to narrow as buyer and seller sentiments begin to …

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DevelopmentIndustrialTexas

Welcome Group Delivers 88,670 SF Industrial Project in Pearland, Texas

by Taylor Williams

PEARLAND, TEXAS — Locally based developer Welcome Group has delivered Crossroads at Pearland, an 88,670-square-foot industrial project located on the southern outskirts of Houston. The site spans 4.8 acres and includes frontage along Beltway 8. The building features 30-foot clear heights, 15 dock-high doors and two drive-up ramps. Frost Bank financed construction of the facility, which is now roughly 30 percent leased to satellite communications services provider Speedcast.

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DevelopmentIndustrialNew YorkNortheast

Brookfield Underway on 422,000 SF Spec Industrial Project in Newburgh, New York

by Taylor Williams

NEWBURGH, N.Y. — Brookfield Properties is underway on construction of a 422,000-square-foot speculative industrial project in Newburgh, about 65 miles north of New York City. The site of Newburgh South Logistics Center spans 49 acres at 70 South St. The LEED-certified property will feature 75 loading docks and 190-foot truck court depths, as well as the capacity to support a single or multiple tenants. Resource Realty of Northern New Jersey has been appointed as the leasing agent. Completion is slated for next fall.

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AcquisitionsIndustrialNew YorkNortheastSelf-Storage

Marcus & Millichap Brokers Sale of 291-Unit Self-Storage Facility in Oakdale, New York

by Taylor Williams

OAKDALE, N.Y. — Marcus & Millichap has brokered the sale of a 291-unit self-storage facility in Oakdale, located on Long Island. Oakdale Self Storage was built in 2005 and spans 27,320 net rentable square feet across 190 climate-controlled units, 86 non-climate-controlled units and 15 outdoor parking spaces. Andreas Makris and Kevin Bledsoe of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. John Horowitz of Marcus & Millichap assisted in closing the deal as the broker of record. The facility was 88 percent occupied at the time of sale.

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Go-Store-It-Pawtucket-Rhode-Island
FeaturesIndustrialSelf-Storage

Self-Storage Offers Investment Reliability as Lifestyle Shifts Drive Consumer Demand

by Taylor Williams

By Katharine Lau, CEO and co-founder, Stuf Following a period of slower activity throughout 2023 and 2024, the self-storage industry is showing clear signs of restored momentum in 2025. According to StorageCafé’s Q1 2025 U.S. Self Storage Sales Report, investment sales volume in the sector hit $855 million nationwide — a notable 37 percent increase from the first quarter of 2024 — suggesting a fresh wave of investor and consumer confidence. While the commercial real estate market continues to face uncertainties, particularly with regard to persistent office vacancies, self-storage is emerging as a stable, demand-driven sector of the industry, propelled by shifting consumer behaviors, flexible business needs and creative adaptive reuse in urban markets. Self-storage demand continues to follow lifestyle shifts. At Stuf, we’re consistently seeing strong growth in the seven markets in which we operate, especially among millennial and gen Z renters, small business owners and remote workers who prioritize proximity, convenience and security when choosing a storage solution. Consumers are increasingly prioritizing smarter spaces that fit into their regular routines. The StorageCafé report shows that interest from large-scale, institutional investors in self-storage has rebounded in 2025, with several eight-figure transactions dotting the map in the first quarter. The …

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IndustrialLoansTexas

JLL Arranges $32.2M Acquisition Loan for Industrial Facility Leased to Tesla in Taylor, Texas

by Taylor Williams

TAYLOR, TEXAS — JLL has arranged a $32.2 million acquisition loan for a 183,340-square-foot industrial facility in the Central Texas city of Taylor that is fully leased to Tesla. Delivered in 2025, the rail-served facility features four dock-high doors, eight grade-level doors and five cranes. Melissa Rose, Jack Britton, Nicole Barba and Preston Bacon of JLL arranged the three-year, fixed-rate loan through BMO on behalf of the borrower, a managed account of Manulife Investment Management.

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DevelopmentIndustrialTexas

Hanover, TIG Break Ground on 213,425 SF Spec Industrial Project in South Houston

by Taylor Williams

HOUSTON — A partnership between local developer Hanover Co. and Transwestern Investment Group (TIG) has broken ground on Kirby 288, a 213,425-square-foot speculative industrial project in South Houston. The development will feature a cross-dock configuration, 36-foot clear heights and excess trailer storage. Powers Brown is the project architect, and Kimley-Horn is the civil engineer. Colliers is the leasing agent. Completion is slated for the second quarter of next year.

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