Friday, March 27, 2026
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Industrial

IndustrialLeasing ActivityMidwestOhio

Clear Height Properties, MLG Capital Complete Lease-up of 290,573 SF Industrial Building in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — A joint venture between Clear Height Properties and MLG Capital has completed the lease-up of a 290,573-square-foot industrial building in Columbus. A single tenant, a mechanical contracting services provider for large-scale construction projects, leased the building at 1675 Watkins Road that is part of the larger Watkins Road Industrial Park. Nick Tomasone, Joe Davis and Josh Weithman of JLL represented ownership, while Mike Semon of NAI Ohio Equities LLC represented the tenant.

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AcquisitionsIndustrialMichiganMidwest

MAG Capital Partners Buys 66,106 SF Electronics Manufacturing Facility in Michigan in Sale-Leaseback

by Kristin Harlow

HOLLY, MICH. — In a sale-leaseback transaction, MAG Capital Partners LLC has purchased a 66,106-square-foot industrial property in Holly, about 17 miles south of Flint. MARA Technologies USA Inc., an electronics manufacturer, operates its headquarters from the site. Located at 10456 N. Holly Road, the facility features clear heights ranging from 19 to 22 feet, four dock-high doors, one grade-level door and an electric vehicle charging station. MARA is a subsidiary of Canada-based Invotek Group Inc. Phil DiGennaro and Adam Baxter of STREAM Capital Partners represented MARA in the transaction. Dax Mitchell and Andrew Gi lead Dallas-based MAG Capital Partners.

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IndustrialLeasing ActivityTexas

ADG Concepts Signs 45,000 SF Industrial Lease in Saginaw, Texas

by Taylor Williams

SAGINAW, TEXAS — ADG Concepts has signed a 45,000-square-foot industrial lease in Saginaw, a northern suburb of Fort Worth. The provider of air compression systems will relocate from nearby Haltom City to adjacent suites at Blue Mound Industrial Park, a 164,152-square-foot development. Jason Finch, Richard Hitz and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, Dallas-based Blue Ridge Industrial, in the lease negotiations. Niko Padilla of Mercer Co. represented the tenant.

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ConnecticutIndustrialLeasing ActivityNortheast

First Student Signs 31,000 SF Industrial Lease Renewal in Stamford, Connecticut

by Taylor Williams

STAMFORD, CONN. — School bussing services provider First Student has signed a 31,000-square-foot industrial lease renewal in the southern coastal Connecticut city of Stamford. The space at 316 Courtland Ave. spans 115,453 square feet and features clear heights of 12 to 17 feet, nine drive-in bays, 243 parking spaces and research and development/office space. Both the tenant and the landlord, Simone Development Cos., were self-represented in the lease negotiations.

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AcquisitionsColoradoIndustrialWestern

Malman Commercial Brokers Sale of 24,178 SF Industrial Building in Denver

by Amy Works

DENVER — Malman Commercial Real Estate has arranged the sale of an industrial property located at 501-521 Kalamath St. in Denver. Ascent Commercial Real Estate LLC acquired the asset from 501 Kalamath Associates LLC for $3.1 million. The building features 24,178 square feet of industrial space. Taylor Roy of Malman Commercial Real Estate represented the buyer, while Tanner Digby and CJ Anania of Digby Commercial Advisors represented the seller in the deal.

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AcquisitionsIllinoisIndustrialMidwest

Colliers Brokers Sale of Two-Building Tollway Corporate Center in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — Colliers has brokered the sale of Tollway Corporate Center in Aurora for approximately $75 million in two separate transactions. The industrial property consists of two buildings. The first building, which totals 543,638 square feet and is leased to Ryder Integrated Logistics, sold to a large financial institution. The second building, which spans 104,978 square feet and is leased to two tenants, sold to The Brimel LLC as part of a 1031 exchange. Jeff Devine and Steve Disse of Colliers represented the seller, a joint venture between Opus Development and Principal Asset Management.

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DevelopmentIllinoisIndustrialMidwestMinnesota

Sam’s Club to Open Two New Distribution Centers in Metro St. Louis, Minneapolis

by Kristin Harlow

EDWARDSVILLE, ILL. AND SHAKOPEE, MINN. — Sam’s Club, a division of Walmart Inc., plans to open two new distribution centers in early 2024 in metro St. Louis and Minneapolis. The retailer says the new facilities are part of a multi-year growth plan to transform the supply chain at Sam’s Club. The first center will open in the greater St. Louis area in Edwardsville, Ill., in January. The 370,000-square-foot property will serve as a distribution and fulfillment center, creating more than 100 jobs across the area. The second facility will be located in Shakopee, Minn., and is scheduled to open in March. The 365,000-square-foot property will serve as a multipurpose distribution center and will employ more than 80 associates.

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AcquisitionsData CentersDevelopmentSoutheastVirginia

Greysteel Arranges Sale of 85-Acre Site in Culpepper, Virginia for Future Data Center Campus

by John Nelson

CULPEPPER, VA. — Greysteel has arranged the sale of an 85-acre site in Culpepper, a city in Northern Virginia that sits about 70 miles outside of Washington, D.C. The buyer is DataBank, a data center development firm that plans to develop a 1.4 million-square-foot data center campus on the site. The development will include up to three two-story data centers and an onsite substation. The buyer recently purchased 95 acres in the Atlanta market and 34 acres in New York. Zach Benlemlih of Greysteel’s Mid-Atlantic team represented the land seller and DataBank in the transaction. The construction timeline for the project was not disclosed.

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IndustrialLeasing ActivityMarylandSoutheast

Electrical Contractor Signs 93,800 SF Industrial Lease in Frederick, Maryland

by John Nelson

FREDERICK, MD. — Power Solutions LLC, a commercial electrical contractor based in Bowie, Md., has signed a 93,800-square-foot lease at Arcadia Business Park in Frederick. The tenant signed the lease with Baltimore-based St. John Properties Inc., which represents the fourth lease transaction between the two firms. Danny Foit of St. John Properties represented the landlord internally in the deal, and Jon Casella of CBRE represented the tenant. Power Solutions plans to house 90 full-time employees at its new warehouse space at 4754 Arcadia Drive, which is about 43 miles northwest of Washington, D.C.

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120-Raskulinecz Road-Carteret-New-Jersey
AcquisitionsIndustrialNew JerseyNortheast

Newmark Brokers Sale of 404,713 SF Industrial Portfolio in Northern New Jersey

by Taylor Williams

CARTERET AND WEST CALDWELL, N.J. — Newmark has brokered the sale of a portfolio of five newly constructed industrial buildings totaling 404,713 square feet in Northern New Jersey. Three of the buildings are located in Carteret, and the other two are in West Caldwell. The buildings sit on a combined 28.4 acres, range in size from 50,802 to 134,453 square feet and feature clear heights of 32 to 36 feet and an aggregate parking ratio of 1.1 spaces per 1,000 square feet. Kevin Welsh, Brian Schulz, Jack Fraker and Dustin Volz of Newmark brokered the deal. The buyer and seller were not disclosed. The portfolio was fully leased at the time of sale.

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