Thursday, July 17, 2025
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Industrial

DevelopmentFloridaIndustrialLeasing ActivityLee & AssociatesSoutheast

Lee & Associates Arranges 27,450 SF Industrial Lease in Tampa

by John Nelson

TAMPA, FLA. — Lee & Associates South Florida has arranged a 27,450-square-foot industrial lease at a build-to-suit warehouse currently underway in Tampa. Plan IT Packaging, a Canadian packaging solutions company, will occupy the building, which is located at 4525 Oak Fair Blvd. Michael Avendano of Lee & Associates negotiated the five-year lease on behalf of the tenant. Cancician Group Inc. is the landlord. Construction of the warehouse — which will feature dock-height loading doors, heavy power and office space — is expected to be complete in March 2024.

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DevelopmentIndustrialTexas

Creation Completes 234,478 SF Industrial Project in Haltom City, Texas

by Taylor Williams

HALTOM CITY, TEXAS — Creation, a Phoenix-based investment and development firm, has completed Northmark Commerce Center, a 234,478-square-foot industrial project in the Fort Worth suburb of Haltom City. Designed by LGE Design Group, the cross-dock facility sits on 20 acres and features 32-foot clear heights and 19 trailer parking stalls. Creation developed Northmark Commerce Center in partnership with Crow Holdings Capital. Dallas-based Holt Lunsford Commercial has been tapped to lease the development. Construction began in late 2021.

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DevelopmentIndustrialTexas

Greystar Completes 166,000 SF Distribution Center in Northwest Houston

by Taylor Williams

HOUSTON — Greystar has completed The Mill, a 166,000-square-foot, shallow-bay distribution center in northwest Houston. The property, which features 185-foot truck court depths, 32-foot clear heights, 33 dock-high doors and 12 trailer parking stalls, is the first industrial project in Houston for Greystar. The South Carolina-based developer is also underway on Beltway 35 Business Park, a Houston project that will ultimately consist of five buildings totaling 1.3 million square feet on a 91-acre site.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 165,050 SF Industrial Lease in Metro Dallas

by Taylor Williams

CARROLLTON, TEXAS — Lee & Associates has negotiated a 165,050-square-foot industrial lease at 2080 McDaniel Drive in the northern Dallas suburb of Carrollton. The tenant, alcoholic beverage provider Buzzballz, is expanding from its 125,000-square-foot space at the adjacent facility at 2020 McDaniel Drive. Nathan Denton of Lee & Associates represented the tenant in the negotiations for the full-building lease. Prologis owns the property, which was originally built in 1981, according to LoopNet Inc.

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IndustrialLeasing ActivityTexas

Streamline Packaging Solutions Signs 92,098 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Streamline Packaging Solutions has signed a 92,098-square-foot industrial lease renewal at RiverPark Business Center in Fort Worth. The development consists of two buildings totaling 500,635 square feet on a 25-acre site, and Streamline Packaging has been a tenant since 2011, occupying space at the 355,238-square-foot Building B. Michael Spain of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as SCG River Park Business Center LP, in the lease negotiations. Scott Miller of Bolanz & Miller Realtors Inc. represented the tenant.

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IndustrialLeasing ActivityNortheastPennsylvania

Can Corp. of America Signs 114,550 SF Industrial Lease in Reading, Pennsylvania

by Taylor Williams

READING, PA. — Steel packaging manufacturer Can Corp. of America has signed a 114,550-square-foot industrial lease at Route 61 Distribution Center in Reading, about 65 miles northwest of Philadelphia. The building at 184 Tuckerton Road spans 392,030 square feet and is now fully leased. Paul Touhey, Sean Bleiler and Abraham Kromah of CBRE represented the landlord, Endurance Real Estate, in the lease negotiations. The tenant representative was not disclosed.

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AcquisitionsIndustrialNortheastPennsylvania

Velocity Venture Partners Acquires 94,280 SF Industrial Property in Bensalem, Pennsylvania

by Taylor Williams

BENSALEM, PA. — Locally based investment firm Velocity Venture Partners has acquired a 94,280-square-foot industrial property in Bensalem, about 20 miles northeast of Philadelphia. ProCorr Display & Packaging, a manufacturer of corrugated boxes and other packaging materials, occupies the entirety of the building at 2260 State Road, which features a clear height of 20 feet and three drive-in doors. Carl Neilson and Andrew McGhee of Colliers represented the undisclosed seller in the transaction and procured Velocity as the buyer.

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DevelopmentIndustrialMassachusettsNortheastRetail

Kenworth Northeast to Open 34,000 SF Automotive Showroom in Middleton, Massachusetts

by Taylor Williams

MIDDLETON, MASS. — Kenworth Northeast, a New York-based truck dealer, will open a 34,000-square-foot automotive showroom in Middleton, a northern suburb of Boston. The space will feature a full sprinkler system, LED lights, 11 service bays, a fabrication area, component rebuild area and a state inspection bay. Locally based firm Polar Design Build has been tapped as the general contractor for the project, which will be designed by Maugel DeStefano Architects. The opening is scheduled for spring 2024.

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AcquisitionsCaliforniaIndustrialWestern

Kidder Mathews Negotiates $26M Sale of Gifford Business Park in San Bernardino, California

by Jeff Shaw

SAN BERNARDINO, CALIF. — Kidder Mathews has arranged the sale of the seven-building Gifford Business Park in San Bernardino for $26 million. The multi-tenant industrial property is located at 750-760 East Central Ave. and 765-791 South Gifford Ave., 2.5 miles from San Bernardino International Airport. It was built in 1989. The seller, Positive Investments, undertook capital expenditures, including roof replacement on five of the seven buildings, exterior paint on the entire property and parking lot re-slurry. The business park is currently 93 percent leased with more than 50 tenants. In-place rents are nearly 20 percent below market rates. Alan Pekarcik of Kidder Mathews represented the seller, while Christopher Smith of Colliers represented the buyer, MIG RE Investors I LLC, in the transaction.

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DevelopmentIndustrialNevadaWestern

Alston Begins Construction of 815,360 SF Industrial Building in Reno, Nevada

by Jeff Shaw

RENO, NEV. — Alston Construction has broken ground on TRIC 688 West Building 3, an 815,360-square-foot speculative tilt warehouse/distribution facility in Reno. The project is the first building for Locus Development Group’s planned 200-acre campus. The project will allow for increased economic activity in an underdeveloped area with unused land. Valued at $47 million, construction on Building 3 is scheduled for completion in January 2024.

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