HOUSTON — Marcus & Millichap has brokered the sale of Right Move Storage, a 367-unit self-storage facility in West Houston. Built on 2.5 acres in 1985, the facility comprises five single-story buildings totaling 44,325 net rentable square feet of space across 342 non-climate-controlled units and 25 outdoor parking spaces. Dave Knobler, Mixson Staffel and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based limited liability company, in the transaction. The buyer was a Florida-based limited liability company. Both parties requested anonymity.
GRAND PRAIRIE, TEXAS — Constellation Real Estate Partners has broken ground on a 286,700-square-foot speculative industrial project in Grand Prairie, located roughly midway between Dallas and Fort Worth. Designed by Meinhardt Associates, Constellation Rock Island Logistics Center will be situated on a 16.8-acre site and will feature 36-foot clear height and 80 trailer parking spots. The building will also be able to accommodate a single or multiple users. Cushman & Wakefield is the leasing agent for the project, construction of which is slated for a second-quarter 2026 completion.
HOUSTON — The industrial operating platform of Philadelphia-based investment and development firm Arden Group has completed the $8 million renovation of North Park 34, an 865,000-square-foot industrial property in North Houston. Capital improvements included the full repainting of all building exteriors, the installation of drought-tolerant landscaping and the gutting of 30 vacant suites to create turnkey spaces. These initiatives have helped facilitate 48 leases totaling nearly 252,000 square feet over the past 12 months. Stream Realty Partners leases North Park 34.
HOUSTON — Packeze LLC has signed a 44,883-square-foot industrial lease in West Houston. The provider of custom signs, banners and moving boxes is consolidating its regional footprint within the building at 11335 Clay Road, which according to LoopNet Inc. was built in 2000 and totals 78,175 square feet. Building features include 20-foot clear heights and 10,365 square feet of office space. Darryl Noon and Brian Gammill of Transwestern represented the landlord, a Texas-based limited liability company, in lease negotiations. Lewis Walker of Texas Global Partners represented the tenant.
HUNTSVILLE, ALA. — Newmark has arranged a $53.5 million loan for the refinancing of an approximately 650,000-square-foot industrial property along I-565 and adjacent to Huntsville International Airport. The borrower is White Plains, N.Y.-based Reich Brothers. Blue Origin, an astronautics company founded by Amazon founder Jeff Bezos, fully occupies the facility. The property serves as one of the BE-4 engine testing and manufacturing facilities for Blue Origin. Christopher Kramer, Chris Lozinak and Jordan Roeschlaub of Newmark arranged the financing through Loancore.
RANDOLPH, N.J. — Locally based brokerage firm Resource Realty has negotiated the $4.5 million sale of a 28,000-square-foot industrial building located in the Northern New Jersey community of Randolph. According to LoopNet Inc., the single-tenant building at 273 Franklin Road was completed in 1991 and features a clear height of 12 feet and two dock-high loading doors. Tom Consiglio of Resource Realty represented the buyer, Commerce Park Investors, in the transaction.
RENO, NEV. — Metcalf Builders has broken ground on East Building 6 at Comstock Commerce Center, a logistics property owned by Locus Development Group. Slated for completion in fourth-quarter 2025, East Building 6 will offer 475,880 square feet of bulk industrial space designed to meet the needs of modern logistics and manufacturing space. The $24 million project is located within Tahoe Reno Industrial Center.
EAGAN, MINN. — Oppidan Investment Co. has broken ground on a 61,000-square-foot data center on Argenta Trail, south of the YMCA property in the Minneapolis suburb of Eagan. The project marks one of only two ground-up data center developments currently underway in Minnesota, according to Oppidan, which is serving as the landlord and directly financing, developing and delivering the facility in partnership with a tenant. Completion is slated for 2026. Project partners include the City of Eagan, Minnesota Department of Employment and Economic Development, Dakota County, Greater MSP, Dakota Electric Association and Great River Energy. Gardner Builders is the general contractor, ERA Associates is the structural engineer, Stantec is the civil engineer, Salas O’Brien is the architect and States Manufacturing is the electric equipment supplier.
SEATTLE — Amazon (NASDAQ: AMZN) plans to invest “at least $20 billion” in future cloud computing and artificial intelligence (AI) innovation campuses in Pennsylvania. The Seattle-based e-commerce giant has identified Salem Township in Luzerne County and Falls Township in Bucks County as the first communities that will host these campuses, with other Pennsylvania communities also under consideration. “I’m proud to announce that we have secured the largest private sector investment in the history of Pennsylvania,” said Pennsylvania Gov. Josh Shapiro. “Pennsylvania is competing again.” Upon completion, the campuses will house data centers with computer servers, data storage drives, networking equipment and other technology infrastructure used for cloud computing capabilities and generative AI. Specific details about the sites and construction timelines were not released. Last week, Amazon made a similar announcement for a $10 billion data center innovation campus in Richmond County, N.C., which followed an $11 billion investment in Georgia that Amazon announced in January. Amazon stated that the Pennsylvania investment will create at least 1,250 new jobs, as well as thousands of jobs in the Amazon Web Services (AWS) data center supply chain. The new jobs will range from data center engineers and network specialists, to engineering operations managers, security …
CHARLOTTE, N.C. — Tariffs are at the forefront of the U.S. economic landscape as they impact costs and timelines for a multitude of industries. For the industrial real estate sector, developers and tenants alike are monitoring the severity at which tariffs can complicate their everyday business activity, thus economic development officials are playing a crucial role in helping companies mitigate those costs and delays. “A lot of our business comes down to reducing risks for companies,” said Melissa Smith, senior vice president of the Economic Development Partnership of North Carolina. “There’s a lot of scrambling due to tariffs. They make already challenging deals even more challenging. We have to be ready to help [companies] navigate through these challenges so that they can make a successful decision.” Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Smith’s comments came on the opening night of InterFace I-85 Industrial Corridor, a two-day networking and information event held at the Hilton Charlotte Uptown hotel on May 19-20. Brian Young, senior director of Cushman & Wakefield’s Greenville office, moderated the discussion called …