Wednesday, April 30, 2025
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Industrial

AcquisitionsIndustrialMidwestWisconsin

Zilber Acquires 363,000 SF Industrial Building in Beloit, Wisconsin

by Kristin Harlow

BELOIT, WIS. — Zilber Property Group has acquired a 363,000-square-foot industrial building in southern Wisconsin’s Beloit for an undisclosed price. Located at 1405 Gateway Blvd. in the Gateway Business Park, the property is home to Pratt Industries’ Beloit Corrugating operations. Pratt manufactures recycled containerboard, corrugated sheets and related packaging containers, and maintains facilities throughout the U.S. The Beloit facility, which was constructed in 2016, is situated at the intersection of I-90 and I-43 near the Wisconsin-Illinois state line. It supplies Pratt’s customers throughout the Great Lakes and Upper Midwest regions. Peter Loehrer, Mark Kolsrud, Tom Shepherd and Jennifer Huber-Bullock of Colliers represented the undisclosed seller. Zilber currently owns and manages 15 industrial properties totaling roughly 3.8 million square feet in Wisconsin’s Rock County.  

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2300-Sugar-Sweet-Ave.-501-S.-Pleasantview-Drive-Weslaco
AcquisitionsIndustrialTexas

MAG Capital Partners Acquires 360,000 SF Industrial Facility in Weslaco, Texas

by Taylor Williams

WESLACO, TEXAS — MAG Capital Partners has acquired a 360,000-square-foot industrial facility in the Rio Grande Valley city of Weslaco. MAG Capital Partners acquired the properties at 2300 Sugar Sweet Ave. and 501 S. Pleasantview Drive, which total 23 acres, via a sale-leaseback with locally based freight operator Commodities Integrated Logistics. The sales price was not disclosed.

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CaliforniaIndustrialLoansWestern

Gantry Secures $11M in Refinancing for Two Bay Area Industrial Buildings

by Amy Works

SANTA CLARA AND SAN JOSE, CALIF. — Gantry has secured an $11 million permanent loan to refinance two industrial properties in Santa Clara and San Jose. Totaling 78,250 rentable square feet, the properties are a flex-industrial building at 3175 De La Cruz Blvd. in Santa Clara and a single-tenant industrial facility at 1941 Ringwood Ave. in San Jose. Murphy Osborne and Alex Poulos of Gantry’s San Francisco office represented the borrower, a private real estate investor, in the financing. The 10-year, fixed-rate, cross-collateralized loan was secured through one of Gantry’s correspondent life company lenders. Terms include prepayment flexibility and 25-year amortization.

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IndustrialLeasing ActivityTexas

Holt Lunsford Negotiates 25,400 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Holt Lunsford Commercial has negotiated a 25,400-square-foot industrial lease renewal in Fort Worth. The tenant, The Rios Group, which provides utilities engineering and consulting services, will remain a tenant at the 32-building, 1.4 million-square-foot Riverbend Business Park. Grayson Fleitz and George Jennings of Holt Lunsford represented the landlord, Riverbend Properties, in the lease negotiations. The tenant was self-represented.

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AcquisitionsIllinoisIndustrialMidwest

Westmount Realty Capital Acquires Nine-Building Industrial Portfolio in Metro Chicago

by Kristin Harlow

CHICAGO — Westmount Realty Capital has acquired a nine-building industrial portfolio in metro Chicago for an undisclosed price. Called the Chicago Shallow-Bay portfolio, the buildings total 390,781 square feet and are located in four submarkets. At the time of sale, the portfolio was 91 percent leased to 37 tenants spanning 28 industries, including office, medical and automotive suppliers, and home restoration. Kurt Sarbaugh and Sean Devaney of JLL represented the seller, Unilev Capital and its partner, a Palladius Capital Management affiliate, Mandalay Industrial. Jeff Sause and Brian Walsh of JLL supported financing for the transaction.

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IndustrialLeasing ActivityNew YorkNortheast

Lesser Evil Signs 303,100 SF Industrial Lease in Brewster, New York

by Taylor Williams

BREWSTER, N.Y. — Lesser Evil, a Connecticut-based provider of healthy snacks, has signed a 303,100-square-foot industrial lease in Brewster, about 60 miles northeast of New York City. The space is located within Lincoln Logistics 84×684 Crossings, a 921,000-square-foot development that features a clear height of 40 feet, 56 dock doors and parking for 252 cars and 19 trailers. Adam Petrillo, Art Ross, Bradley Soules and Jack Chatwin of Newmark represented the landlord, Lincoln Equities Group, in the lease negotiations.

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AcquisitionsIndustrialNew JerseyNortheast

NAI Hanson Brokers $33.5M Sale of Industrial Outdoor Storage Site in South Plainfield, New Jersey

by Taylor Williams

SOUTH PLAINFIELD, N.J. — NAI James E. Hanson has brokered the $33.5 million sale of an 8.8-acre industrial outdoor storage (IOS) site in South Plainfield, about 35 miles southwest of New York City.  The site at 115 St. Nicholas Ave./115 Skyline Drive is located just off Exit 5 on I-287. Scott Perkins, Christopher Todd and William Ericksen of NAI Hanson represented the buyer, a partnership between Boston-based investment firm Oliver Street Capital and Bain Capital Real Estate, in the transaction. The seller was Trans American Trucking Services. Jon Mikula, Jim Cadranell, John Cumming and Christian Badalamenti of JLL arranged $22.3 million in acquisition financing for the deal through Byline Bank.

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DevelopmentGeorgiaIndustrialSoutheast

Southwire to Open 1.2 MSF Distribution Center in Bremen, Georgia

by John Nelson

BREMEN, GA. — Southwire plans to open a new 1.2 million-square-foot distribution center in Bremen, located 45 miles west of Atlanta via I-20. The new center will combine operations with three existing distribution sites in Villa Rica, Ga., serving as a centralized distribution center for customers across the organization. Upon completion, the center will rank as one of Southwire’s largest facilities for its distribution and shipping operations in the West Georgia region. The facility is scheduled to be completed by the third quarter of 2026. Southwire opened its most recent distribution center in the Dallas-Fort Worth area in August 2024.

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AcquisitionsAlabamaIndustrialSoutheast

JLL Arranges Sale of 373,015 SF Industrial Property in Mobile, Alabama

by John Nelson

MOBILE, ALA. — JLL Capital Markets has arranged the sale of Mobile Portside, a two-building industrial property totaling 373,015 square feet in Mobile. The two facilities were fully leased at the time of sale and feature 32- to 36-foot clear heights, 180- to 185-foot truck courts, ESFR sprinkler systems and dock doors. Jim Freeman, Britton Burdette and Dennis Mitchell of JLL represented the seller, Burton Property Group, in the transaction. One Liberty Properties Inc. was the buyer. The sales price was not disclosed. Built in 2023, Mobile Portside comprises Buildings D and N and is situated within the South Alabama Logistics Park, the largest master-planned industrial development between Texas and Georgia. The property offers access to the Port of Mobile and spans more than 1,000 developable acres. Upon completion, the park will offer approximately 11.1 million square feet of industrial space.

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AcquisitionsGeorgiaIndustrialLoansSoutheastTennessee

CBRE Arranges Sale of 1.6 MSF Industrial Portfolio in Metro Atlanta, Memphis

by John Nelson

BRASELTON, GA. AND MEMPHIS, TENN. — CBRE has arranged the sale of a two-property industrial portfolio in Braselton and Memphis totaling more than 1.6 million square feet. The facilities include a 613,440-square-foot cross-dock warehouse in Braselton, a city on the northeast outskirts of the metro Atlanta area, and a 1 million-square-foot cross-dock warehouse in Memphis. The Braselton facility was built in 2016 and is fully leased to a large e-commerce company, and the Memphis property was built in 2021 and is fully occupied by Medtronic. Frank Fallon, Trey Barry, José Lobon, Royce Rose, George Fallon, Ryan Bain, Zach Graham and Bentley Smith of CBRE represented the seller, JW Mitchell Co., in the transaction. The buyer and sales price were not disclosed. Additionally, Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of CBRE’s debt and structured finance team in Atlanta arranged a $69.9 million acquisition loan through Wells Fargo on behalf of the buyer.

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