AVENEL, N.J. — CBRE has arranged the sale of a 29,336-square-foot industrial building in the Northern New Jersey community of Avenel. The building sits on a 4.3-acre site at 190 Homestead Ave. and includes six drive‑in doors, two loading docks and newly renovated office space. Liam McGregor, Elli Klapper, Mark Silverman and Brian Fiumara of CBRE represented the buyer, Jadian IOS (Industrial Outdoor Storage), in the transaction. The seller was Chicago-based CenterPoint Properties.
DALLAS — MAG Capital Partners has sold a 1.4 million-square-foot, net-leased industrial portfolio in the Midwest for roughly $89 million. Fundamental Income Properties, a wholly owned subsidiary of Starwood Property Trust, purchased the six-property manufacturing portfolio. John Dehn and Eric Wood of MAG Capital Partners worked on the disposition.
MANSFIELD, TEXAS — Marcus & Millichap has negotiated the sale of Premium Storage, a 165-unit self-storage facility in Mansfield, located southeast of Fort Worth. The facility offers 12 climate-controlled units, 107 covered parking spaces and 46 uncovered parking spaces for a total of 47,891 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a local owner-operator, in the transaction, and procured the buyer, a Midwest-based investment group. Both parties requested anonymity.
HOUSTON —Partners Real Estate has brokered the sale of a 14,572-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 5414 Larkin St. was originally constructed in 1983. Wyatt Huff and Hunter Stockard of Partners represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
ATLANTA — Space Shop Self Storage has three self-storage properties underway in Florida and Virginia totaling 2,088 units. With these projects, the Atlanta-based firm is nearing 80,000 units under management across more than 100 facilities. The newly announced properties include a 715-unit facility located at 134 Mason Ave. in Holly Hill, Fla.; a 668-unit property at 480 Cogan Drive SW in Palm Bay, Fla.; and a 705-unit facility located at 10265 Lakeridge Parkway in Glen Allen, Va. The projects span a combined 297,000 square feet and represent a total investment of $40 million. Space Shop plans to deliver all three properties in spring 2027.
CANAL WINCHESTER, OHIO — Opus has broken ground on Canal Crossing Commerce Center, an 898,500-square-foot, three-building speculative industrial facility on 72 acres in the Columbus suburb of Canal Winchester. The project site is three miles from I-270, five miles from Rickenbacker International Airport and 10 miles from downtown Columbus. The project is expected to create more than 400 jobs. Opus is investing more than $4 million in public infrastructure improvements, including allocating 9 acres to the Ohio Department of Transportation for the future US 33-Bixby Road interchange. All three buildings are designed for flexibility to accommodate a single user or multiple tenants. Building A will be a 398,600-square-foot, cross-docked building with a clear height of 36 feet, 107 dock doors, 262 vehicle parking spaces and 114 trailer stalls. Building B will total 297,975 square feet with a clear height of 32 feet, 59 dock doors and 305 vehicle parking spaces. Building C will total 201,925 square feet with a clear height of 32 feet, 45 dock doors and 247 vehicle parking spaces. All three buildings will feature four drive-in doors and multiple speculative office spaces. Opus is the developer and design-builder. Red Architecture is the architect, and Kimley-Horn is the …
SHELBYVILLE, KY. — Colliers has negotiated the sale of a 302,400-square-foot industrial facility located at 530 Logistics Drive in Shelbyville, a suburb roughly 30 miles east of Louisville. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel of Colliers, along with Doug Butcher and Alex Grove of CBRE, represented the seller, Gray Development, in the transaction. Elmtree Funds purchased the facility, named Gray Industrial Center Building 2, for an undisclosed price. Gray Development recently delivered the property as a build-to-suit for logistics provider Kuehne+Nagel. Situated on 32.2 acres one mile from I-64, the facility features 36-foot clear height, 43 dock doors, two drive-in doors, ESFR fire suppression, 56- by 54-foot column spacing with 70-foot speed bays, a 140-foot truck court, 61 trailer parking spaces and 334 auto parking spaces.
ELGIN, ILL. — Entre Commercial Realty has brokered the sale of a 95,179-square-foot industrial facility located at 999 Raymond St. in Elgin. The buyer, a locally based parts distributor, plans to invest in substantial renovations to both the office and warehouse areas. The freestanding property features seven docks, two drive-in doors, heavy power capabilities and dedicated outdoor storage. Mike DeSerto, Cory Kay and Elisabeth Lazzara of Entre represented the seller, Brennan Investment Group. XR Realty represented the buyer.
FREDERICKSON, WASH. — Bridge Logistics Properties (BLP) has purchased a 782,775-square-foot distribution facility in Frederickson, located within the Seattle-Tacoma metro area. Terms of the transaction were not released. The property was developed by Panattoni and delivered in 2024 as part of a larger industrial development known as Fred310. Jeff Chiate and Bryce Aberg of Cushman & Wakefield facilitated the transaction. Harbor Freight Tools fully occupies the property on a long-term basis. The facility serves as a regional distribution center supporting more than 1,600 stores nationwide. The property, located at 6920 192nd St., features 40-foot clear heights, a cross-dock configuration with 152 dock-high doors and four grade-level doors, full concrete oversized truck courts, 476 trailer stalls, 262 auto parking spaces, 4,000 amps of power with expansion capability, ESFR sprinklers and separate truck and auto entrances.
GOODYEAR, ARIZ. — A venture between Formation Interests and an affiliate of Crescent Real Estate has broken ground on Phase II of Formation Park 10, an industrial development located just west of Phoenix in Goodyear. The three-building expansion will bring Formation Park 10 to nearly 689,000 square feet of industrial space across five buildings and 44 acres. Totaling 261,168 square feet, Phase II will accommodate occupiers seeking 100,000 square feet or more of single-tenant space and/or those requiring flexible space from 15,000 square feet to 25,000 square feet. The project team for Phase II includes Deutsche Architecture Group, Kimley-Horn, RVI and Willmeng. Completion is slated for spring 2027. CBRE is overseeing leasing for the project.