Thursday, April 23, 2026
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Industrial

AcquisitionsFloridaIndustrialSoutheast

Tishman Speyer Acquires Industrial Park in South Florida for $100.2M

by John Nelson

POMPANO BEACH, FLA. — Tishman Speyer has acquired Rock Lake Business Center, a 35-acre industrial park located at 3150-3250 N.W. 33rd St. in Pompano Beach, about 15 miles north of Fort Lauderdale. The investor purchased the South Florida property from IDI Logistics for $100.2 million. Built in 2020 fronting the Florida Turnpike, Rock Lake comprises two warehouses spanning a combined 256,000 square feet that were fully leased at the time of sale. The facilities feature 32-foot clear heights, 185-foot shared truck courts, 84 dock-high and drive-in doors and 690 car and van parking spots. The acquired site includes land that can support the future development of two rear-load buildings spanning 243,000 square feet.

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DevelopmentIndustrialNew JerseyNortheast

STRO Cos., KRE Group Break Ground on 136,714 SF Industrial Redevelopment in Florham Park, New Jersey

by Taylor Williams

FLORHAM PARK, N.J. — A partnership between two New Jersey-based firms, The STRO Cos. and KRE Group, has begun an industrial redevelopment project in the Northern New Jersey community of Florham Park. The project will convert a former office building that sits on a 14.4-acre site at 19 Vreeland Road into a 136,714-square-foot warehouse with a clear height of 36 feet, 26 loading docks, one drive-in door and parking for 108 cars and 36 trailers. Cushman & Wakefield will market the project for lease. Completion is slated for the first quarter of next year.

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AcquisitionsIllinoisIndustrialMidwest

Venture One Buys 32,230 SF Industrial Building in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VI LP, has acquired a 32,230-square-foot industrial building in the Chicago suburb of Naperville for an undisclosed price. Constructed in 1989, the property was 50 percent leased to one tenant at the time of sale. The building features a clear height of 18 feet, two docks, two drive-in doors and parking for 42 cars. Venture One plans to make improvements such as new spec office space, energy-efficient warehouse lights and a new parking lots. Ted Gates and Dylan Demaio of CBRE will market the property for lease. VK Industrial VI is co-sponsored by Venture One Real Estate and Kovitz Investment Group.

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1100-Randolph-Road-Somerset-New-Jersey
FeaturesIndustrial

Concrete Paving: A Sustainable, Durable Option for Industrial Sitework

by Taylor Williams

By Jake Ables, director of concrete promotion, Silvi Materials When choosing a pavement surface for large-scale industrial facilities, there are several different factors that developers may want to consider. Chief among those factors, in the context of our current construction economy, is sustainability. Current trends in the Mid-Atlantic warehouse markets, for example, are pushing developers, contractors and suppliers towards sustainable construction practices. We have seen evidence of this with the implementation of environmental product declarations (EPDs) that disclose the global warming potential (GWP) of building materials on various construction projects. The purpose of these documents is to quantify the environmental impacts of building materials. As the push for sustainability increases, it behooves developers to look for sustainable value when and where they can find it.   Life Cycle Thinking As the push for sustainability intensifies over the coming years, property developers will see their priorities adjust to compensate for changing market conditions.  While costs will always be at the forefront of concerns for developers, sustainability is becoming an ever-higher priority.  So what does that mean for developers? We believe it means a shifting mindset toward sustainable value over costs. Concrete paving provides the life cycle value that developers are seeking …

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Portside-Logistics-Center-Houston
IndustrialLeasing ActivityTexas

Tigerhawk Logistics Signs 328,048 SF Industrial Lease Expansion Near Port Houston

by Taylor Williams

HOUSTON — Tigerhawk Logistics has signed a 328,048-square-foot industrial lease expansion at Portside Logistics Center, a 1 million-square-foot speculative development by Stream Realty Partners and Principal Asset Management that is located near Port Houston. After initially taking 135,285 square feet at Building 2 last winter, Tigerhawk is more than doubling its footprint at the property by taking space at Building 1. Grant Hortenstine and Pearce Martens of CBRE represented Tigerhawk in the lease negotiations. Tyler Maner and Jeremy Lumbreras of Stream represented ownership on an internal basis.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 553-Unit Self-Storage Facility in Mesquite, Texas

by Taylor Williams

MESQUITE, TEXAS — Marcus & Millichap has brokered the sale of a 553-unit self-storage facility in the eastern Dallas suburb of Mesquite that is operated under the Storage King USA brand. The facility spans 73,999 net rentable square feet. Brandon Karr of Marcus & Millichap represented the seller, a New York-based investment firm, in the transaction. Karr also procured the buyer, a REIT. Both parties requested anonymity.

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Public-Storage-Toms-River-New-Jersey
DevelopmentIndustrialNew JerseyNortheastSelf-Storage

DXD Capital Completes 761-Unit Self-Storage Facility in Toms River, New Jersey

by Taylor Williams

TOMS RIVER, N.J. — Developer DXD Capital has completed construction of a 761-unit self-storage facility in Toms River, located on the Jersey Shore. The four-story building spans 62,818 net rentable square feet and features multiple elevators and a drive-in loading area. DXD Capital acquired the site in summer 2022. Public Storage will operate the facility. Jayeff served as the general contractor on the project, and Century Bank was the construction lender.

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DevelopmentFloridaIndustrialSoutheast

BBX Logistics, PCCP Break Ground on 40-Acre Industrial Park in Delray Beach, Florida

by John Nelson

DELRAY BEACH, FLA. — BBX Logistics Properties, along with joint venture partner PCCP LLC, has broken ground on The Park at Delray, a new 40-acre industrial park located along U.S. Highway 441 in Delray Beach, about 20 miles south of West Palm Beach. Phase I of the project includes the construction of a 200,000-square-foot building, with plans for two additional buildings to follow. The first phase can accommodate tenants seeking spaces as small as 50,000 square feet. City National Bank provided a $31.3 million construction loan for The Park at Delray. The timeline for construction was not disclosed.

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26201-Ynez-Rd-Temecula-CA
AcquisitionsCaliforniaIndustrialWestern

Cushman & Wakefield Brokers Sale of 387,454 SF Industrial Portfolio Near San Diego for $74M

by Amy Works

SAN MARCOS AND TEMECULA, CALIF. — Cushman & Wakefield has negotiated the sales of two industrial projects spanning six buildings and 387,454 square feet in San Marcos and Temecula. The assets were sold separately between January and May to two separate undisclosed buyers for a combined total of $74 million. In January, Investcorp acquired Pro·duc·tion, a four-building, Class A industrial project in San Marcos for $50 million. Fully leased at the time of sale, the property offers 221,294 square feet of industrial space. Built in 2018, the asset is located at 195 Bosstick Blvd. and 2946, 2950 and 2954 Norman Strasse Road. In May, Cire Equity purchased two industrial buildings at 26201 Ynez Road and 42259 Rio Ned Road in Temecula for $24 million. Aric Starck, Jeffrey Cole and Drew Dodds of Cushman & Wakefield Capital Markets represented the undisclosed seller in the transactions.

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Gilbert-Distribution-Center-Gilbert-AZ
AcquisitionsArizonaGeorgiaIndustrialWestern

Dalfen Industrial, RGA Form Joint Venture for 253,055 SF Industrial Portfolio in Arizona, Georgia

by Amy Works

GILBERT, ARIZ., AND ALPHARETTA AND NORCROSS, GA. — Cushman & Wakefield has advised Dalfen Industrial in the disposition and recapitalization of a multi-tenant industrial portfolio, totaling 253,055 square feet across two projects in Atlanta and Phoenix metro markets. The dual-project portfolio was owned in Dalfen Industrial’s Value-Add Fund IV and was recapitalized in a joint venture between Dalfen Industrial and RGA ReCap Inc. on behalf of Reinsurance Group of America Inc. Terms of the transaction were not released. Located in Gilbert, Gilbert Distribution Center is a freestanding Class A industrial building at 1495 E. Baseline Road. Two tenants fully occupy the property, which features multiple points of ingress/egress, multiple storefronts, loading, functional column spacing and concrete truck aprons on a 140-foot truck court. The North Atlanta Infill Portfolio is a collection of four multi-tenant, rear-load, light industrial buildings located at 6205 and 6215 Shiloh Crossing in Alpharetta and 2915 Courtyards Drive and 3055 Northwoods Circle in Norcross. The properties are a combined 86 percent leased to eight tenants, three of which recently extended their lease terms. The buildings offer 18- to 22-foot clear heights, rear loading, a mix of drive-in and dock-high doors, and multiple glass store fronts. Will Strong, Michael …

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