CARLSBAD, CALIF. — RF Partners LLC has completed the disposition of a flex office and industrial property, located at 5935 Darwin Court in Carlsbad, to a private local owner-user investor for $14.2 million. Situated within the Carlsbad Research center, the two-story, 54,351-square-foot creative flex office building was built in 1991 and renovated in 2005 and 2024. Matt Pourcho, Dennis Visser, Matty Sunberg, Anthony DeLorenzo and Don Trapani of CBRE represented the seller in the transaction.
MEMPHIS, TENN. — Cushman & Wakefield Commercial Advisors has negotiated the sale of a 169,272-square-foot industrial facility located at 4481 Distriplex Cove in Memphis. Olymbec USA LLC, a division of Montreal-based industrial owner Olymbec, purchased the property from tire manufacturer and distributor China Manufacturers Alliance LLC (CMA LLC) for an undisclosed price. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the seller in the transaction, and Brian Califf of NAI Saig represented the buyer.
CHICAGO — Vestian, a Chicago-based commercial real estate services firm, has recently secured three commercial leases in North Carolina for three global manufacturers. The deals include an industrial lease for HEYCO-Werk USA, a tech manufacturer for plastic injection and two-shot molding; a lease for a new experience center in Charlotte for corrugated box manufacturer BHS Corrugated; and an industrial lease for BICASA North America, a provider of technical lab furniture. Information on the landlords and specific locations were not released.
ST. LOUIS — Marcus & Millichap has negotiated the $9.7 million sale of the Interior Design Center of St. Louis, a seven-suite industrial property in St. Louis. The facility comprises 92,104 square feet of flex industrial space across two masonry buildings. The fully leased property is anchored by four long-term tenants, including KDR Designer Showrooms and AUTCOhome Appliance. Tyler Sharp, Adam Abushagur and David Saverin of Marcus & Millichap represented the seller, a local investor. Buyer information was not provided.
ROUND ROCK, TEXAS — Provident Industrial, the industrial division of Dallas-based Provident, has broken ground on Eagle 35, a 292,884-square-foot project in Round Rock, a northern suburb of Austin. Eagle 35 will consist of three buildings, two of which will span 75,790 square feet and feature 28-foot clear heights and a shared 185-foot truck court. Building 3 will total 140,994 square feet and feature 32-foot clear heights. Cushman & Wakefield is the leasing agent for Eagle 35, which is expected to be complete in early 2027.
HOUSTON — Sagard Real Estate, a Denver-based investment firm, has purchased a 75,225-square-foot warehouse located on the Port Houston campus. The warehouse was constructed in 2008 directly across from the port’s Barbour’s Cut Container Terminal. Building features include 28-foot clear heights, a front-load configuration, 130-foot truck court depths and 23 dock-high doors and one acre of dedicated yard space with independent access points. The seller and sales price were not disclosed.
PISCATAWAY, N.J. — PPM America Inc. has provided a $27.1 million bridge loan for a 147,210-square-foot warehouse in the Northern New Jersey community of Piscataway. The borrower is Bridge Industrial, and the facility is known as Bridge Point Piscataway. Situated on a 12.8-acre site at 10 Constitution Road, the building features a clear height of 36 feet, 41 dock-high doors, two drive-in doors, 3,000 square feet of office space and parking for 118 cars and 57 trailers. Michael Klein, Jon Mikula and Kevin Badger of JLL arranged the loan.
WHITSETT, N.C. — A joint venture between Buchanan Capital Partners (BCP) and Crow Holdings Development has recapitalized a two-building industrial campus located in Whitsett, a city near Greensboro in North Carolina’s Piedmont Triad region. The 423,852-square-foot project, dubbed Rock Creek Center, will be situated in close proximity to the $14 billion Toyota battery manufacturing campus and the $860 million Food Lion Distribution Center. In addition, the project is within an unnamed mixed-use park that includes tenants such as Amazon, FedEx, Duke Energy, Lenovo, Ralph Lauren and American Express. Developed by Crow Holdings, the campus will feature two 211,926-square-foot buildings, with each featuring 32-foot clear heights, 2,500 square feet of office space, 38 dock doors, two drive-in doors and 205-foot truck courts, as well as about 255 car parking spaces. Completion of the project is scheduled for 2027. Rock Creek Center marks BCP’s first joint venture with Crow Holdings. ARCO Murray will serve as general contractor, while the North Carolina division of Crow Holdings’ industrial team will manage the complex. Dodson Schenck and Will Henderson of CBRE will lead leasing efforts.
OHIO — W. P. Carey has completed a sale-leaseback of a 66,000-square-foot food processing facility in Ohio. The transaction also included a commitment to fund an expansion to the existing facility and a build-to-suit commitment for a new Class A distribution facility on the same campus. Completion is slated for November 2026. The property is triple-net leased to Novus Foods, which is backed by private equity firm CapVest. The tenant has invested heavily in the property and is making additional investments to upgrade equipment. The new facility will serve as the company’s main cross-dock distribution location. The assets will be subject to a long-term, triple-net master lease with fixed annual rent increases.
EAST ALTON, ILL. AND FORISTELL, MO. — EquiCap Commercial has negotiated the sales of two self-storage facilities in metro St. Louis. All Inn Storage, located at 978 E. Airline Drive in East Alton, features 9,600 net rentable square feet with 87 units on 9.1 acres. Alex Erbs of EquiCap represented the seller and procured the buyer, an out-of-state private equity firm. Foristell Storage, located at 19100 Veterans Memorial Parkway in Foristell, consists of 21,173 net rentable square feet with 260 units on 7.3 acres. Marla Čolić of EquiCap procured the buyer, a local storage owner-operator completing a 1031 exchange.
