CASTROVILLE, TEXAS — Microsoft plans to open a $400 million data center in Castroville, about 25 miles west of San Antonio, according to reports from multiple news outlets including Data Center Dynamics and My San Antonio. According to the latter publication, which cited a filing with the Texas Department of Licensing & Regulation, the facility will be known as SAT 82 and will span approximately 195,000 square feet. My San Antonio also reported that construction is scheduled to begin in August and to last about two years. In addition, Data Center Dynamics reports that Microsoft has other data center projects in the works in Castroville.
CHICAGO — Greenstone Partners has brokered the sale of a flex industrial property in Chicago’s Irving Park neighborhood for nearly $17 million. Located at 3800 N. Milwaukee Ave., the 128,222-square-foot facility features a diverse tenant mix, including a daycare, multiple indoor sports facilities and an auto-related office and service operator. At the time of sale, the property was 98 percent leased. Danny Spitz and Brewster Hague of Greenstone represented the seller and procured the buyer, an Illinois-based private equity group.
HOUSTON — JLL has brokered the sale of a portfolio of three industrial properties in Houston: Central Green Corporate Center (516,134 square feet), North Houston Logistics Center Building G (351,400 square feet) and West Little York (153,188 square feet). Known as the NxNW Houston Class A Logistics Portfolio by virtue of the properties’ locations on the city’s north and northwest sides, the approximately 1 million-square-foot portfolio comprises six buildings with an average vintage of 2016 and clear heights that range from 26 to 36 feet. Trent Agnew, Charlie Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the undisclosed seller in the transaction. The buyer was a fund backed by Ares Management Corp. The portfolio was 95 percent leased to 10 tenants at the time of sale.
DENTON, TEXAS — Mexico-based investment firm Vazma Capital has purchased a 73,104-square-foot industrial building in the North Texas city of Denton. The building at 2801 N. I-35 was built in 1979 and was formerly occupied by the seller, food and beverage distributor Ben E. Keith Co. Andrew Clark of Bradford Commercial Real Estate Services represented the buyer, which plans to use the building to expand its auto parts distribution network, in the transaction. David Walters and Brice Wells of CBRE represented the seller.
NEWBURGH, N.Y. — FedEx Corp. has renewed its 125,000-square-foot, full-building industrial lease at 100 Enterprise Drive in Newburgh, about 70 miles north of New York City. The freestanding building was developed as a build-to-suit to support FedEx’s air cargo operations at nearby Stewart International Airport. Tom Consiglio and Todd Hali of Resource Realty of Northern New Jersey represented the landlord, Chicago-based CenterPoint Properties, in the lease negotiations. FedEx was self-represented.
MAPLE GROVE, MINN. — CBRE has arranged the sale and acquisition financing for a 255,501-square-foot, two-property industrial portfolio in Maple Grove. Enclave purchased the portfolio from Artis REIT for $25.5 million. CBRE’s Judd Welliver, Bentley Smith, Zach Graham, Ryan Bain, Michael Caprile and Joe Horrigan represented the seller. CBRE’s Joel Torborg, Mike Vannelli and Billy Mork arranged a $15 million loan with a fixed interest rate and interest-only payments through a life insurance company. Located at 9200 Forestview Lane North and 9155 Cottonwood Lane, the properties are currently fully leased to two tenants.
PORT WASHINGTON, WIS. — The Barry Co. has brokered the sale of a 23,267-square-foot industrial building with a separate 4,800-square-foot outbuilding in Port Washington. David Buckley of Barry represented the seller, while Mark Gorski of Summit Commercial Real Estate represented the buyer, Gurtz Electric of Port Washington LLC. Dr. Ag Services Inc. had previously bought the building in April 2024 and completed a strategic repositioning, increasing the property value by about 48 percent when sold again after 18 months.
BROOKSHIRE, TEXAS — Kansas City-based investment firm NorthPoint Development has purchased three industrial buildings totaling approximately 1 million square feet in Brookshire, a western suburb of Houston. The structures are Buildings 1,3 and 8 within Empire West, a 10-building, 3.9-million-square-foot development by Stream Realty Partners that is fully leased to tenants such as Pro Pac, Tesla, H-E-B and Ferguson Enterprises. All three buildings were completed between 2021 and 2025. Seth Koschak, Matteson Hamilton, Mustafa Ali, Adam Jackson and Justin Robinson of Stream, in coordination with Eastdil Secured, brokered the deal.
MORRISVILLE, N.C. — Fortress Investment Group has purchased a majority of Spark LS, a 106-acre life sciences campus in the Raleigh suburb of Morrisville, for $226.5 million, according to Triad Business Journal. The sale covers six parcels, including two new advanced manufacturing facilities, totaling 80 acres. The news outlet also reported the buyer secured an acquisition loan from Bank of America totaling $111.1 million. In December, the seller, affiliates of Starwood Capital Group and Trinity Capital Advisors, signed a nearly 1.3 million-square-foot lease with Millennium Print Group for 20 years, with a 20-year renewal option. Doug Cook of Cushman & Wakefield arranged the lease. The tenant is a subsidiary of The Pokemon Co. International and produces Pokemon playing cards. The company plans to occupy more than 400,000 square feet of existing space and a new ground-up building totaling 866,000 square feet that will deliver in 2027, according to a December press release from Trinity Capital. Triad Business Journal reports that the status of the construction and upfit for Millennium Print is “unclear” in light of the ownership change.
HOUSTON — Stream Realty Partners has broken ground on Summit Grove Business Park, a 217,120-square-foot industrial project in North Houston. The development will consist of two rear-load buildings spanning 125,600 and 91,520 square feet. Building features will include 32- and 36-foot clear heights, respectively, and a combined total of 78 dock-high doors. Project partners include E.E. Reed (general contractor), Ware Malcomb (architect) and Halff (civil engineer). Completion is slated for late summer. Stream will also handle leasing of the property.