BATON ROUGE, LA. — TruCore Investments has acquired an 81,589-square-foot industrial facility located at 10781 Cousey Court in Baton Rouge. Situated on 10.8 acres, the Class B property was fully leased at the time of sale to FedEx, which has occupied the facility since its delivery in 1998. Alex Ruch of Elifin Realty brokered the transaction. The seller was not disclosed.
AUSTIN, TEXAS — Lee & Associates has negotiated a 22,500-square-foot industrial lease in northeast Austin. The space is located within Building 1 of Springdale Business Center, which according to LoopNet Inc. totals 69,000 square feet and features 24-foot clear heights. Adam Green and Luke Boykin of Lee & Associates represented the landlord, Mississippi-based EastGroup Properties (NYSE: EGP), in the lease negotiations. The name and representative of the tenant were not disclosed.
LOS ANGELES — PSRS has arranged a $38.2 million bridge loan to convert a vacant approximately 150,000-square-foot flex property in Los Angeles into a self-storage facility. Jonny Soleimani and George Gianoukakis of PSRS secured the financing for the undisclosed borrower. The financing included a $12.8 million cash-out refinance, fully funded construction costs and an 18-month interest reserve, providing the borrower with the capital needed for the successful repositioning of the asset.
PLANO, TEXAS — California-based investment firm BH Properties, which also has two offices in Texas, has purchased Legacy R&D, a 374,085-square-foot business park in Plano that the company plans to convert to industrial use. The 40-acre property consists of seven buildings that were 58 percent leased at the time of sale. Elizabeth Malone and K.C. Scheipe of Eastdil Secured represented the undisclosed seller in the transaction. The new ownership has tapped Stream Realty Partners to lease the park, including to prospective life sciences users.
IRVING, TEXAS — Houston-based developer Alliance Industrial has broken ground on Airport Bend Commerce Center, a 201,221-square-foot distribution building in Irving. The 13.2-acre site formerly housed the office operations of retailer Michaels. The development will feature two rear-load buildings totaling 171,608 and 29,613 square feet with 32-foot clear heights. Project partners include Seeberger Architecture, Langan Engineering, Alliance Industrial Builders and Stream Realty Partners. Completion of Airport Bend Commerce Center is slated for the first quarter of 2026.
BAYTOWN, TEXAS — Locally based developer Welcome Group had delivered two industrial buildings totaling 40,080 square feet in Baytown, an eastern suburb of Houston. The twin buildings are situated on a 4.3-acre site within the TGS Cedar Port Industrial Park master-planned development. Project partners include Tomorrow Planning (architect), KDW (general contractor) and Simmons Bank (construction lender). Welcome Group is also leasing the buildings, each of which also houses 2,200 square feet of office space.
LOS ANGELES — Dedeaux Properties has received certificates of occupancy on five recently completed industrial developments totaling approximately 850,000 square feet in Southern California. The projects include a 167,000-square-foot warehouse in Ontario, a 326,000-square-foot warehouse in Riverside, a 165,000-square-foot high-velocity distribution center in Fontana, a 53,000-square-foot cross-dock facility in Perris, a 52,000-square-foot cross-dock property in San Bernardino and an 83,000-square-foot distribution facility in Rialto.
ANAHEIM, CALIF. — Voit Real Estate Services, in partnership with Hines as the owner, has broken ground on an industrial project located at 701 E. Ball Road in Anaheim. Situated on 7 acres, the 139,535-square-foot Class A industrial property is slated for completion in November. Seth Davenport, Adam Hill, Mitch Zehner and Michael Zehner of Voit Real Estate Services are handling marking, sale and leasing efforts for the project.
WEYMOUTH, MASS. — Boston-based Sticks Investment Group has purchased a 27,000-square-foot warehouse in Weymouth, located south of the state capital. The building at 242 Libbey Industrial Parkway was constructed in 2004, features a clear height of 24 feet and was fully leased to three tenants at the time of sale. Michael Restivo, David Coffman and Tommy Hovey of JLL represented the buyer in the transaction. Fulcrum Real Estate Partners sold the building for an undisclosed price.
HSINCHU, TAIWAN —TSMC (NYSE: TSM), a Taiwanese manufacturer of semiconductors, has announced plans to invest at least $100 billion in the United States, which would bring the company’s total investment in its U.S. manufacturing base to $165 billion. As part of the new round of investment, TSMC plans to develop three more fabs (i.e. manufacturing plants), two advanced packaging facilities and a major research-and-development (R&D) center in Arizona. Once fully realized, the project will be solidified as the “largest single foreign direct investment in U.S. history,” according to TSMC. The construction timeline was not disclosed, but U.S. President Donald Trump and TSMC CEO C.C. Wei announced the investment at a press conference on Monday, with Trump saying the investment will be made “over the next short period of time.” TSMC’s expanded investment is expected to support 40,000 construction jobs over the next four years and create tens of thousands of high-tech jobs in advanced chip manufacturing and R&D, which Trump said would range between 20,000 and 25,000 jobs. Yahoo! Finance reported that Intel is currently the only computer chip manufacturer with a dedicated R&D center in the United States. TSMC is currently building out its 1,100-acre campus in north Phoenix, …
