Thursday, July 3, 2025
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Industrial

DevelopmentIndustrialTexas

Quannah Partners, LaSalle to Develop 183,301 SF Spec Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — A partnership between Denver-based Quannah Partners and Chicago-based LaSalle Investment Management will develop a 183,301-square-foot speculative industrial building in northwest Houston. Known as 290 Crossroads Commerce Center, the rear-load facility will feature 32-foot clear heights, 185-foot truck court depths, 3,000 square feet of office space and an ESFR sprinkler system. Project partners include Powers Brown Architecture, Rosenberger Construction, Pape-Dawson (civil engineer), Veritex Bank (construction lender) and Colliers (leasing agent). Delivery is slated for early 2026.

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AcquisitionsIndustrialTexas

Oxford Partners Negotiates Sale of 22,813 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Oxford Partners has negotiated the sale of a 22,813-square-foot industrial building in northwest Houston. According to LoopNet Inc., the single-tenant building at 11407 Charles Road was originally constructed in 1997 and renovated in 2015. Perry Mazzone and Ryan Hartsell of Oxford Partners represented the buyer, an entity doing business as Illinois 3 Properties LLC, in the transaction. Andrew Laycock of Partners Real Estate represented the undisclosed seller.

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AcquisitionsIndustrialMidwestOhio

Plymouth Acquires 2 MSF Industrial Portfolio in Ohio for $193M

by Kristin Harlow

OHIO — Plymouth Industrial REIT Inc. has acquired a nearly 2 million-square-foot industrial portfolio across Columbus, Cincinnati and Cleveland for $193 million. The 21-building portfolio is currently 97 percent leased to 75 tenants with a weighted average remaining lease term of 2.8 years. According to Plymouth, in-place rents are approximately 22 percent below current market rates, and the purchase price reflects a 25 percent discount to today’s replacement cost. With this acquisition, Plymouth now owns more than 12 million square feet of industrial space in Ohio. The portfolio will be operated from the company’s Columbus office.

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Rise-at-Loop-410
IndustrialLoansTexas

Tremont Realty Capital Provides $28M Loan for Refinancing of San Antonio Industrial Building

by Taylor Williams

SAN ANTONIO — Tremont Realty Capital, a division of Boston-based investment firm RMR Group, has provided a $28 million bridge loan for the refinancing of Rise at Loop 410, an approximately 360,000-square-foot warehouse and distribution building in San Antonio. According to LoopNet Inc., the cross-dock building offers 36-foot clear heights, 106 exterior dock doors and 280 parking spaces. Tremont funded the floating-rate loan, which has a three-year initial term with two one-year extension options, through its affiliate, Seven Hills Realty Trust (NASDAQ: SEVN). Cushman & Wakefield arranged the debt on behalf of the owner, Connecticut-based Grandview Partners.

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IndustrialLeasing ActivityTexas

Texas Wireline Manufacturing Signs 20,000 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Texas Wireline Manufacturing, a provider of hydraulic support equipment for the trucking industry, has signed a 20,000-square-foot industrial lease renewal in Fort Worth. The company has housed its headquarters within the building at 8821 Forum Way on the city’s south side for 25 years. Todd Lambeth of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Jeremy Mercer of Mercer Co. represented the landlord, the Knopf Family.

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Bay-Bridge-Center-San-Diego-CA
AcquisitionsCaliforniaIndustrialMixed-UseOfficeWestern

Juniper Ridge Partners Buys Five-Building Flex Property in San Diego for $10.4M

by Amy Works

SAN DIEGO — Juniper Ridge Partners has acquired Bay Bridge Center in San Diego from Jon and Donna Stockholm Trust for $10.4 million. Located at 1943-1995 Main St., Bay Bridge Center offers 38,300 square feet of mixed-use flex space. The five-building, multi-tenant asset is situated on 2.1 acres in San Diego’s Harbor/Downtown submarket. At the time of sale, Bay Bridge Center was fully leased to six tenants, including San Diego County Schools and Wrensilva, a high-end audio manufacturer. The property features 400 feet of frontage on Main Street and Harbor Drive, secure yard areas and proximity to a San Diego Trolley stop with immediate access to Interstate 5. Chris Holder, Mark Lewkowitz and Will Holder of Colliers represented the buyer and seller in the deal.

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DevelopmentIndustrialMidwestWisconsin

HSA Commercial Begins Development of 226,321 SF Spec Industrial Facility in Oconomowoc, Wisconsin

by Kristin Harlow

OCONOMOWOC, WIS. — HSA Commercial Real Estate has begun development of a 226,321-square-foot speculative industrial facility at Pabst Farms, a 1,500-acre master-planned community in Oconomowoc, about 35 miles west of Milwaukee. Located one mile southwest of the I-94 and Highway 67 interchange, the Class A warehouse is slated for completion in the fourth quarter. Situated on 17.3 acres, the project will accommodate users seeking as little as 40,800 square feet. The building will feature a clear height of 32 feet, 50-foot-by-50-foot column spacing with a 60-foot speed bay, more than 30 dock doors, four drive-in doors, 342 automobile parking spaces and 140 trailer stalls. Cushman & Wakefield | Boerke is handling leasing for the property. Cornerstone Architects, a Nelson company, is the project architect. Pinnacle Engineering is the civil engineer, and Riley Construction is the general contractor. Nearly 1,000 acres have been developed across the residential, retail, healthcare and education sectors within Pabst Farms, which was created in 2002. The remaining 450 acres will be built under an updated 2024 master plan that further integrates commercial, industrial and innovation uses.

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IndustrialLeasing ActivityLouisianaSoutheast

Mapletree Investments Signs LifeScience Logistics to 625,000 SF Industrial Lease in South Memphis

by John Nelson

MEMPHIS, TENN. — Mapletree Investments has signed LifeScience Logistics, a healthcare supply chain firm, to a 625,000-square-foot industrial lease in Memphis. The facility is located at 5200 Tradeport Drive within Chickasaw Distribution Center on the city’s south side. Kemp Conrad of Cushman & Wakefield | Commercial Advisors represented the landlord in the lease negotiations, while Brian Monaghan and Bob Robers of Cushman & Wakefield represented the tenant. The property comprises 605,510 square feet of warehouse space and 19,490 square feet of office space, including a 13,475-square-foot main office and 6,015 square feet of space for shipping, receiving and satellite offices. The facility is situated within proximity to I-22, U.S. Route 78, the BNSF Intermodal and Memphis International Airport. The lease marks the entry into Tennessee for LifeScience Logistics, which is investing $23.2 million into the project and expects to create 101 new jobs. The tenant received a 10-year Fast Track PILOT from the City of Memphis and Shelby County’s Economic Development Growth Engine (EDGE) for the project.

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Fort-Worth-South-Business-Park
IndustrialLeasing ActivityTexas

NFI Signs 129,143 SF Industrial Lease at Fort Worth South Business Park

by Taylor Williams

FORT WORTH, TEXAS — National Distribution Centers (dba NFI) has signed a 129,143-square-foot industrial lease at Fort Worth South Business Park. The provider of third-party logistics services will occupy about half the space at Building 5 within the 320-acre, master-planned development, which is located 2.5 miles south of the I-20 and I-35 interchange. Will Carney, Nathan Lawrence and Krista Raymond of KBC Advisors represented NFI in the lease negotiations. Kyle Valley, Cameron Pybus and Nada Leanndra internally represented the landlord, California-based Majestic Realty Co., which owns the property in a joint venture with Hickman Cos.

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NCC-Broomfield-CO
ColoradoDevelopmentIndustrialWestern

Ryan Cos., PGIM Real Estate Complete 343,000 SF Northwest Commerce Center in Broomfield, Colorado

by Amy Works

BROOMFIELD, COLO. — Ryan Cos. and PGIM Real Estate, the $206 billion real estate investment and financing arm of Prudential Financial, on behalf of of its U.S. core-plus investment strategy, have completed Northwest Commerce Center in Broomfield. Situated within Verve Innovation Park and adjacent to Rocky Mountain Metropolitan Airport, the Class A industrial project offers more than 343,000 square feet spread across two buildings. Each building features a clear height of 32 feet, LED lighting, an ESFR sprinkler system and heavy power with 4000-amp electrical service. The project also includes 68 dock doors and 22 trailer parking stalls. Ryan Cos. built and developed the property. Carmon Hicks, Patrick McGettigan and Jason White of JLL have been retained to market and lease the project.

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