IRVING, TEXAS — Foundry Commercial, an Orlando-based development and brokerage firm, is underway on construction of an office-to-industrial conversion project in Irving. The address of the office building was not announced, but the new industrial facility will total approximately 110,000 square feet and will be known as Ridgepoint. Demolitions began in March. An expected completion date was not announced. Ridgepoint will be Foundry’s 10th office-to-industrial conversion overall and its sixth in the Dallas area.
SOUTHLAKE, TEXAS — AllTerra Central has signed a 22,413-square-foot industrial lease expansion and renewal in Southlake, located north of Fort Worth. The provider of surveying and mapping services now occupies the entire building at 545 Commerce St., which according to LoopNet Inc. was completed in 1996. Travis Smith of JLL represented the tenant in the lease negotiations. Jon Skidmore, Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial represented the landlord, Philadelphia-based Arden Group.
PHOENIX — ViaWest Group and Walton Street Capital have completed the disposition of 1450 East Buckeye Road, a fully leased industrial building in Phoenix, to Stonelake Capital Partners for an undisclosed price. Phil Haenel, Will Strong, Foster Bundy and Paul Boyle of Cushman & Wakefield’s Phoenix Industrial Private Capital Group represented the sellers and procured the buyer in the deal. Core & Main occupies the 39,360-square-foot property as a key distribution hub for its extensive piping division and operations. The building features ample loading doors, an efficient warehouse configuration, a large secured truck court and more than 1 acre of excess yard designed to support large-scale distribution and logistics. Additionally, the property’s infrastructure supports a range of industrial uses and offers flexibility for future tenant needs. The facility’s location on East Buckeye Road offers direct access to major transportation routes, including I-10 and State Route 202.
FULLERTON, CALIF. — Lee & Associates Orange has arranged the sale of a 10,080-square-foot industrial building located at 1021 S. Placentia Ave. in Fullerton. Bruner Rental Properties acquired the asset from KSP Real Estate Partners for $3.3 million. Mark Hintergardt and Phil Fridd of Lee & Associates represented the seller in the transaction.
CEDAR RAPIDS, IOWA — Sub-Zero Group Inc. has unveiled plans to expand its manufacturing operations in Cedar Rapids. The $196 million expansion will add approximately 230,000 square feet to the company’s existing 600,000-square-foot facility on the city’s southwest side and is expected to create 312 new jobs, bringing total employment at the site to more than 500. Headquartered in Madison, Wis., Sub-Zero manufactures kitchen appliances under the Sub-Zero, Wolf and Cove brands. Construction timelines and additional project details will be announced as planning progresses.
EAST HARTFORD, CONN. — An affiliate of Walmart has acquired an industrial building in East Hartford for approximately $212 million, according to reports from multiple local news outlets, including CT Insider and the Hartford Business Journal. The building is one of two within the 2.5 million-square-foot East Hartford Logistics & Technology Park, which was completed in 2024. The latter publication reports that the building was previously slated for use by Wayfair, but the Massachusetts-based furniture company “never fully occupied the space and later sought to sublease the building.” The seller was a joint venture between PGIM and National Development.
WOODBRIDGE, N.J. — Local owner-operator Woodmont Industrial Properties has sold a 54,113-square-foot building in Woodbridge, about 25 miles south of New York City. Delivered in 2023, the building at 51 New Brunswick Ave. features a clear height of 32 feet, seven exterior dock doors, one drive-in door and 2,300 square feet of office space and was fully leased at the time of sale of R.A.S. Logistics. Brian Schulz, Steven Beyda and Kevin Welsh of Newmark brokered the deal. The buyer was Sagard Real Estate.
By Derek Lichtfuss, Newmark Columbus, Ohio, is emerging as one of the nation’s most dynamic industrial markets. With a strategic location, robust infrastructure and a diversified economy, the metro area is attracting industrial, manufacturing and logistics investment at a pace rivaling traditional coastal hubs. According to Newmark Research, Columbus’ industrial market closed 2025 with positive absorption of 8.8 million square feet — ranking among the top five U.S. markets. Remarkably, the fourth quarter alone contributed more than 3 million square feet, marking the second consecutive quarter above that threshold. The market’s fundamentals underscore its strength. Vacancy ended the year at 7.2 percent, down from 9.7 percent in 2024. Asking rents, while largely flat in 2025, have climbed for six consecutive years, reflecting steady demand. More than 5.2 million square feet are currently under construction, signaling developer confidence. Drivers of growth Several factors drive the city’s momentum. Columbus benefits from an exceptional logistics profile. The metro area can reach roughly 50 percent of the U.S. population within a one-day drive or train, bolstered by I-70, I-71 and the second-largest inland port at Rickenbacker International Airport. Its multimodal capabilities — including Norfolk Southern rail and cargo air — have made it a …
DE SOTO, KAN. — Beale Infrastructure, a San Francisco-based owner-operator of data centers and other tech infrastructural properties, has unveiled plans for Project Pilot, a $3 billion data center campus in De Soto, about 30 miles west of Kansas City. Construction of the first phase is set to begin in May. According to Beale, the project, which is ultimately planned to feature four buildings totaling approximately 1 million square feet, represents the first hyperscale data center to be announced in the state of Kansas. The company also stated that the project would add “hundreds” of construction jobs and 50 permanent operational roles to the local economy. Beale has partnered with local utility provider Evergy to provide power for the campus and facilitate infrastructural development. An end user was not announced, but Beale said that upon completion, the campus would “host a large technology company contracted via a long-term lease.” According to Data Center Dynamics (DCD), affiliates of Beale first purchased the 290-acre site last fall, around the same time that the City of De Soto approved construction. DCD also reports that the city “approved property tax and sales tax exemptions on up to $50 billion in industrial revenue bonds, which …
FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 13,294-square-foot industrial lease in Fort Worth. The tenant is Crawford Electric Supply Co., and the space is located within Everman Trade Center, a four-building, 457,745-square-foot development. Matt Carthey and Trey Goodspeed of Holt Lunsford represented the landlord, Boston-based Cabot Properties, in the lease negotiations. Michael Paine and Elizabeth Metz of Cushman & Wakefield represented the tenant.