Saturday, August 2, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Industrial

CaliforniaDevelopmentIndustrialLoansWestern

JLL Arranges $49.2M in Construction Financing for Birtcher Logistics Center in Fontana, California

by Jeff Shaw

FONTANA, CALIF. — JLL Capital Markets has arranged $49.2 million in construction financing for Birtcher Logistics Center Fontana, a Class A industrial distribution facility currently being built in Fontana.  The 330,048-square-foot project is set for completion in the first quarter of 2024. Situated on more than 13 acres, the facility will feature 36-foot clear heights, 51 dock-high doors, 85 trailer parking stalls and a 185-foot truck court.  The borrower, Birtcher Development LLC, secured the three-year loan with two one-year extensions from a life insurance company.  JLL Capital Markets’ debt advisory team, led by Greg Brown, Peter Thompson and Spencer Seibring, arranged the financing.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialOregonWestern

Norris & Stevens Brokers $2.6M Sale of Industrial Buildings in Portland, Oregon

by Jeff Shaw

PORTLAND, ORE. — Bronko LLC has acquired three industrial buildings and a parking lot located at 615-633 SE Clay St. and 1521 SE 7th Ave. in Portland.  Norris & Stevens arranged the investment sale, valued at $2.6 million.  Constructed between 1924 and 1925, the property consists of three commercial buildings, each spanning about 5,000 square feet. It also includes a parking lot measuring 10,000 square feet across the street from the buildings. The previous tenants included an auto transmission service, printing services and an upholstery supplier.  Greg Nesting and Gabe Schnitzer of Norris & Stevens represented both the buyer and the seller, Robert R. Dickey et al., in this transaction. 

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialTexas

Clay Development Underway on 523,640 SF Distribution Center in Southwest Houston

by Taylor Williams

HOUSTON — Locally based firm Clay Development is underway on construction of Main Central I, a 523,640-square-foot distribution center in Houston. The 33.4-acre site is located at the intersection of South Main/U.S. Highway 90 and the Fort Bend Toll Road on the city’s southwest side. Main Central I will feature a cross-dock configuration, 36-foot clear heights, parking for 151 trailers and 109 employee vehicles and an ESFR sprinkler system. Completion is scheduled for the third quarter. Clay Development has tapped Cushman & Wakefield to assist with its internal marketing and leasing efforts.

Continue Reading
FacebookTwitterLinkedinEmail
Meacham-Commerce-Center-Fort-Worth
IndustrialLoansTexas

JLL Arranges Financing for 334,750 SF Industrial Property in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — JLL has arranged an undisclosed amount of financing for Meacham Commerce Center Building 1, a 334,750-square-foot industrial property in Fort Worth. The cross-dock facility was built on 19.4 acres in 2022 and features 36-foot clear heights, 70 dock-high doors, four drive-in ramps and parking for 240 cars and 103 trailers. Colby Mueck, John Beeler and John David Johnson of JLL arranged the loan through Protective Life Insurance Co. on behalf of the borrower, McCormack Commercial. Meacham Commerce Center will ultimately consist of four buildings totaling roughly 1.3 million square feet across 80 acres.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaDevelopmentIndustrialWestern

Sudberry Starts Construction of Phase II of Otay River Business Park in Chula Vista, California

by Jeff Shaw

CHULA VISTA, CALIF. — Sudberry has started construction on the second phase of Otay River Business Park in Chula Vista.  Phase II will include two manufacturing and warehouse buildings that will total 205,335 square feet. A 97,230-square-foot building and 108,205-square-foot building will be located at 2995 and 2855 Faivre Street, respectively.  Pre-leasing is underway with sizes ranging from 25,000 to 108,000 square feet.  Sudberry’s development team includes TFW Construction, SCA Architecture, Lightfoot Planning Group, Ridge Landscape Architects (RLA) and Southland Paving.  Michael Mossmer of Voit Real Estate Services is providing brokerage services.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaIndustrialLoansWestern

Marcus & Millichap Arranges $6.5M in Acquisition Financing for Industrial Property in Santa Ana, California

by Jeff Shaw

SANTA ANA, CALIF. — Marcus & Millichap has arranged an acquisition loan of $6.4 million for an industrial property in Santa Ana. The 19,152-square-foot asset is located at 1820 S. Santa Fe St.  Richard Knorr of Marcus & Millichap Capital Corp. secured the financing with a national bank. The loan features a 6.14 percent interest rate with a 25-year self-liquidating term.  Drew Wetherholt and Colin Wu of Marcus & Millichap arranged the sale. The buyer and seller were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialLoansNew YorkNortheast

Innovo Property Group Receives $354M in Financing for Queens Industrial Project

by Taylor Williams

NEW YORK CITY — Locally based investment and development firm Innovo Property Group has received $354 million in financing for a 720,000-square-foot industrial project located at 28-90 Review Ave. in the Long Island City area of Queens. Innovo received construction financing from Axos Bank and Cerberus Capital Management and equity from Goldman Sachs Asset Management. The breakdown of each component within the capital stack was not disclosed. Completion of the project is slated for 2025. Christopher Peck, Peter Rotchford, Tyler Peck and Nicco Lupo of JLL arranged the financing.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityNortheastPennsylvania

Lexora Home Signs 70,000 SF Industrial Lease in York, Pennsylvania

by Taylor Williams

YORK, PA. — Lexora Home, a wholesale distributor of luxury bathroom fixtures and accessories, has signed a 70,000-square-foot industrial lease in York, about 100 miles west of Philadelphia. The building at 145 Morgan Lane was constructed in 2017 and features a clear height of 30 feet, two drive-in doors and an ESFR sprinkler system. Nicholas Klacik, Kevin Dudley, Chad Hillyer, Kate Granahan, John La Prise and Sean Bleiler of CBRE represented Lexora Home in the lease negotiations. Jason Turnbull of Rock Commercial Real Estate represented the undisclosed landlord.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNAINew JerseyNortheast

NAI Hanson Brokers Sale of 7,987 SF Industrial Building in Hackensack

by Taylor Williams

HACKENSACK, N.J. — NAI James E. Hanson has brokered the sale of a 7,987-square-foot industrial building located at 101 S. State St. in Hackensack. The building offers a clear height of 22 feet, one drive-in door and 11 parking spaces. David Ukleja of NAI Hanson represented the seller, BCB Janitorial Supply Co. Inc., in the transaction and procured the buyer, an entity doing business as APEX 101 Holdings LLC. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentIndustrialTexas

Colliers Arranges Sale of 17.6-Acre Industrial Development Site in Tomball, Texas

by Taylor Williams

TOMBALL, TEXAS — Colliers has arranged the sale of a 17.6-acre industrial development site within Tomball Business & Technology Park on the northwestern outskirts of Houston. Tom Condon Jr. and John Grimsley of Colliers represented the seller, The Tomball Economic Development Corp., in the transaction. Will Condrey of Cresa represented the buyer, which plans to develop two build-to-suit facilities at the site for Walsh & Albert and Metal Zinc. Both of these companies supply products for HVAC systems.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts