SAN MARCOS, TEXAS — Colliers has negotiated a 31,760-square-foot industrial lease in San Marcos, located roughly midway between Austin and San Antonio. The tenant, Ohio-based supplier OTC Industrial Technologies, is taking space at Clovis Crossing, a newly constructed development that comprises two buildings totaling 213,125 square feet. Shane Woloshan, Nolan Babb, Travis Hicks, Chase Clancy and Michael Modesett of Colliers represented the tenant in the lease negotiations. Carter Thurmond, Nash Frisbie and Bailey Sousa of Transwestern represented the landlord, New Jersey-based Denholtz Properties.
STOCKTON, CALIF. — Trammell Crow Co., in a joint venture with Realty Income Corp., has broken ground on an industrial build-to-suit facility in Stockton for The Home Depot. Located at 320 McCloy Ave., the 655,200-square-foot property is slated for delivery in 2026. MacGregor Associates is the architect of record and Arch-Con Corp. is serving as the general contractor. Tyson Vallenari of Cushman & Wakefield and Tom Davis of CBRE represented the Port of Stockton and Trammell Crow Co., respectively, in the ground lease.
PUYALLUP, WASH. — PCBP Properties Inc. has acquired an industrial property located at 403 N. Levee Road in Pullayup for $12.5 million. Brett Hartzell, Paige Morgan and Andrew Stark of CBRE National Partners West represented the undisclosed seller in the deal. The 80,150-square-foot last-mile manufacturing and logistics facility is located 15 minutes from the Port of Tacoma, Washington, and 35 minutes from downtown Seattle. The property has undergone recent renovations, including roof repairs, exterior painting, asphalt, landscaping and updates to the office space with new carpet and paint. The property is fully insulated and features 21 trailer stalls, eight dock-high and three grade-level doors.
MARYSVILLE, OHIO — The Opus Group has broken ground on a 250,829-square-foot speculative industrial building in the Columbus suburb of Marysville. The project marks the only spec industrial development getting underway in central Ohio moving into the first quarter of 2025, according to Opus. Named 33 Commerce Center, the property is designed for manufacturing and light assembly uses. The building will offer four storefronts, each with clerestory glass entries. Additional building features include a 3,870-square-foot office space, clear height of 32 feet, interior and exterior LED lighting, 155 vehicle parking spaces, 24 equipped docks, four drive-in dock doors and room for future trailer parking. The development is part of 33 Innovation Park, which features a new utility infrastructure with high-capacity fiber optics. Completion is slated for August 2025. Opus is the developer, design-builder and architect of record for the project. AST Engineering is the structural engineer. Mike Spencer and Todd Spencer of Lee & Associates are marketing the project for lease.
INDIANAPOLIS — Colliers has negotiated the sale of a two-building industrial portfolio totaling 245,000 square feet in the Southwest submarket of Indianapolis for an undisclosed price. The fully leased properties, located at 4316 W. Minnesota St. and 4750 Kentucky Ave., are home to wholesale industrial packaging company BASCO as well as logistics and warehousing providers Golden Tiger Transportation and Kid Glove Service. Alex Cantu and Alex Davenport of Colliers represented the seller, Clarion Partners. New York-based Diamond Properties was the buyer.
TOTOWA, N.J. — Wise Foods has signed a 61,000-square-foot industrial lease in the Northern New Jersey community of Totowa. The Pennsylvania-based snack maker is taking space at 70 Maltese Drive, an 84,000-square-foot building that features a clear height of 16 feet, 10 loading docks and two drive-in doors. Andrew Stypa, Daniel Badenhausen and Kyle Janoczkin of Lee & Associates represented the tenant in the lease negotiations. Cushman & Wakefield represented the landlord, Boston-based Longpoint.
DUBLIN, GA. — Industrial Realty Group LLC (IRG) has purchased a 311,325-square-foot industrial facility in Dublin, a city in south-central Georgia. The seller and sales price were not disclosed. The manufacturing and distribution facility is located on a 30-acre site along I-16 and within 100 miles of the upcoming $7.6 billion Hyundai Metaplant in metro Savannah. The property features trailer parking, 15- to 28-foot clear heights, 33 dock doors and sufficient power for light manufacturing use. Los Angeles-based IRG currently owns and operates about 2.3 million square feet of industrial space in Central Georgia.
SAN ANTONIO — Cove Capital Investments, a Delaware Statutory Trust (DST) company, has purchased a 68,400-square-foot industrial building in northwest San Antonio. The address was not disclosed, but the site is located one-third of a mile west of I-10 and less than two miles from the I-10/Loop 1604 intersection. The building was originally constructed in 2000 and carries a tenant roster with a weighted average lease term of 5.4 years. The seller and sales price were not disclosed.
HOUSTON — Locally based brokerage firm Finial Group has negotiated a 24,500-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 11602 Canyon Trail Drive was originally built in 2011. Christian Villarreal of Finial Group represented the undisclosed landlord in the lease negotiations. The name and representative of the tenant were also not disclosed.
FAIRFIELD, OHIO — Pacific Manufacturing has expanded in Fairfield, a northern suburb of Cincinnati, by purchasing a building on its campus that doubles its square footage. The expansion includes investment in new machinery and equipment and will create 96 new jobs and add $4.7 million in annual payroll to its existing workforce of over 860 employees. The company’s presence in southwest Ohio has grown to more than 1 million square feet — owned and leased — across five buildings totaling 60 acres. Pacific Manufacturing, with its parent company based in Ogaki City, Japan, has been located in Fairfield since 1990. A supplier to the automotive industry, the company specializes in producing precision metal and plastic stamping components. The Ohio campus represents the company’s largest facility outside of Japan and is the second-largest manufacturing enterprise in Fairfield. The Fairfield City Council approved an incentive package for Pacific Manufacturing’s expansion and investment in the community. In addition, the State of Ohio approved a Job Creation Tax Credit. JobsOhio plans to offer assistance, which will be made public after a final agreement is executed.