MERRILLVILLE AND WHITESTOWN, IND. — The Missner Group has acquired three Class A industrial properties totaling 843,531 square feet in Indiana. The acquisition includes a two-building, 540,986-square-foot portfolio located at 9401 and 9602 Georgia St. in Merrillville and a newly constructed 302,545-square-foot logistics facility situated within 65 Commerce Park in Whitestown. With the addition of these assets, Missner will nearly double its industrial portfolio from roughly 1.2 million square feet to more than 2.2 million square feet. Built in 2021 and 2022, the Merrillville portfolio is fully leased to four tenants, including NFI Industries, WABTEC and EMCOR-Hyre Electric Co. of Indiana. Located roughly 40 miles from downtown Chicago, the properties provide direct access to I-65, I-80/I-94 and I-90. The Whitestown property, completed in 2023, is fully leased to Style Link Logistics LLC and backed by a corporate guaranty from SHEIN Distribution Corp. The facility features a clear height of 32 feet, ESFR sprinklers, LED lighting, 30 dock doors, trailer parking, multi-tenant flexibility and proximity to the Indianapolis International Airport. Missner will oversee management of the assets. CBRE National Partners represented the sellers in the Whitestown transaction.
MOUNT PLEASANT, IOWA — Opus has broken ground on an advanced manufacturing facility for ContiTech, a group sector of Continental, at its existing plant in Mount Pleasant within eastern Iowa. At more than 80,000 square feet, the new compounding center will integrate production, warehouse and office operations to support ContiTech’s hose and belt businesses while optimizing its North American mixing footprint. The project will include a three-story, 17,472-square-foot mixing facility, an automated high-bay warehouse, shipping and receiving, bulk storage and a 4,250-square-foot office and lab space. The three-story mixing facility will support a specialized vertical manufacturing process in which raw materials are introduced on the upper level and move through advanced mixing lines to lower floors. Opus is the design-builder, Martin Gardner Architects is the architect and Raker Rhodes Engineering is the structural engineer. Completion is slated for June 2027.
ALGONQUIN, ILL. — Fromm International LLC has signed a 72,745-square-foot industrial lease at Algonquin Corporate Center in the Chicago suburb of Algonquin. The manufacturer of professional salon tools and accessories is relocating its national distribution operations from the O’Hare submarket. Adam Marshall and Mark Deady of Newmark represented the tenant, with Newmark’s Cooper Weisman and Dylan Weisman providing strategic support. Mike Sedjo and John Hamilton of CBRE and Ben Dickey of Stream Realty Partners represented the landlord, NorthPoint Development. Fromm International will occupy space within Building 1 of the five-building, 1.7 million-square-foot campus. Constructed in 2022, the facility features a clear height of 36 feet, 130-foot truck courts, ESFR sprinkler systems and spec office space.
NEW YORK CITY — ASAK Solutions Inc., a provider of ground-handling services for the aviation industry, has signed a 16,515-square-foot industrial lease in the Jamaica area of Queens. The facility at 152-15 Rockaway Blvd. will support the company’s ramp and cargo handling business as JFK International Airport. Joseph Hentze Jr. of Cushman & Wakefield represented the tenant in the lease negotiations. Joseph Lagano and Reid Berch of Avison Young represented the landlord, Boston-based Longpoint Partners.
AVONDALE, ARIZ. — Prime Data Centers, a Dallas-based developer and operator of hyperscale and purpose-built data centers, has broken ground on the first three facilities at PHX01, a five-building data center campus in Avondale. The 66.5-acre park sits roughly 19 miles west of Phoenix via I-10. Each data center at PHX01 will span 267,000 square feet and offer 48 megawatts (MW) of critical IT load capacity. The 1.3 million-square-foot campus will offer 240MW of total critical power upon completion. “Breaking ground on PHX01’s first three buildings is a defining moment for Prime’s partnership with Avondale and for the greater Phoenix region,” says Michael Wall, executive vice president of product delivery at Prime Data Centers. “This first phase represents the beginning of a long-term investment in Avondale, and the infrastructure we are putting in place today is built to scale alongside the demands of our customers for years to come.” An undisclosed hyperscale user has committed to leasing the first three buildings for which construction is underway at PHX01. Prime Data Centers is marketing Buildings 4 and 5 to single or multi-tenant hyperscale users. “This more than $3 billion investment by Prime with its customers investing an average 2X more represents a …
When it comes to the Florida commercial real estate market, the conversation typically gravitates toward the larger metro areas. However, for those of us on the ground, it’s clear that Southwest Florida is becoming a key player in the state, particularly for industrial users. By nearly every measurable standard — population growth, job creation and infrastructure investment — Southwest Florida continues to outperform much of the United States. Industrial users and investors have taken notice, and so far in 2026, leasing activity has already outpaced all quarters in 2025. According to the latest Colliers market report, the market has absorbed 115,777 square feet of flex and industrial space in the first quarter alone, compared to fourth-quarter 2025 which saw (-189,303 square feet) of negative absorption. This is due to pent-up demand from users taking a cautious “wait-and-see” approach last year. And while the factors preventing them from making decisions in 2025 still exist, the sheer necessity of a physical presence in the area has finally outweighed the perceived risks. ‘Supply reset’ On paper, the data might give pause. Overall vacancy in Southwest Florida rose to 9.7 percent in first-quarter 2026, a sharp departure from the 7.2 percent we saw just …
ARLINGTON, TEXAS — Provident Industrial, a division of locally based firm Provident, has completed A20 Logistics Center, a 161,408-square-foot project in Arlington. The development features 32-foot clear heights, 34 dock doors, two oversized drive-in doors with ramps, 130-foot truck court depths and 2,100 square feet of speculative office space. Provident developed A20 Logistics Center in partnership with Humphreys Capital and Farmers Bank & Trust. LGE Design Build handled the architectural and construction aspects of the development. JLL is marketing the property for lease.
HOUSTON — Local brokerage firm Finial Group has negotiated a 14,100-square-foot industrial lease renewal in northwest Houston. The tenant, Commando Pressure Control, which serves the energy industry, has been a tenant at the building at 11614 Canyon Trail Drive for more than 10 years. Tyler Holt and Christian Villarreal of Finial Group represented the undisclosed landlord in the lease negotiations.
ELMSFORD, N.Y. — Capstone Logistics has signed a 37,000-square-foot industrial lease in Elmsford, located north of New York City in Westchester County. The space is located within the newly renovated building at 700 Executive Blvd. Michael Rao of New York Commercial Realty Group represented the tenant in the lease negotiations. Brendan Hickey internally represented the landlord, GHP Office Realty.
COLONIAL HEIGHTS, VA. — Lingerfelt has sold Ashton Logistics Park, a 523,047-square-foot industrial facility located in Colonial Heights, a suburb of Richmond. Newmark represented Lingerfelt in the $78.2 million transaction. The buyer requested anonymity. Delivered by Lingerfelt in 2024, Ashton Logistics Park spans 52 acres and features two buildings situated at 1630 and 1660 Ashton Park Drive. The buildings were fully leased at the time of sale with an 8.5-year weighted average lease term (WALT) remaining. The first building is a 437,657-square-foot cross-dock facility that is leased to Article.com, a Vancouver-based direct-to-consumer furniture and home décor brand. The second building is an 85,750-square-foot rear-load facility that is leased to Shepherd Electric Co., a wholesale electric distributor and wholly owned subsidiary of Graybar. The project team included ARCO Design-Build (architect and general contractor) and Townes Site Engineering (civil engineer). Range Commercial Partners manages Ashton Logistics Park, while Colliers handles leasing at the property.