Industrial

DFW-North-Central-Texas-Industrial-Panel

By Taylor Williams Although the Dallas-Fort Worth (DFW) industrial market is, objectively speaking, currently overbuilt, the recovery and return to healthy dynamics is already taking shape. As that unfolds, manufacturing facilities are having a moment. According to CBRE’s third-quarter data, between 2021 and 2023 — the height of the post-COVID e-commerce craze that coincided with the last days of historically low interest rates — developers in DFW added nearly 130 million square feet of new industrial product. The supply boom mostly involved warehouse and distribution facilities, and absorption of new deliveries was coming along until this spring, when Liberation Day injected a staggering dose of economic uncertainty into the market. In recent weeks, leasing activity has begun to pick back up. But investors looking to deploy capital into industrial assets see more upside on deals for manufacturing facilities at the moment, whether that means buying existing plants with heavy built-in power sources or targeting distribution buildings that can support manufacturing through light conversions. 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. At the annual DFW/North Central Industrial Texas conference …

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Patrick McGlohn Berkadia Capital Returns quote from article

By Patrick McGlohn, senior managing director, Berkadia After two years of caution and recalibration, capital is flowing back into commercial real estate. The bid-ask gap between buyers and sellers is narrowing, underwriting assumptions are stabilizing and both equity and debt investors are once again finding common ground. At Berkadia, we’re seeing equity move from the sidelines to the playing field, selectively, but decisively. Equity’s Comeback: Selective, but Strong Private equity and institutional investors are increasingly re-entering the market, with activity strongest in the “Smile States,” stretching from Northern Virginia to the western states and extending into major cities like Chicago. Much of the capital is chasing value-add and opportunistic plays rather than core, stabilized assets. Over the past couple of years, many equity investors would only touch preferred equity because of valuation uncertainty, but now we’re seeing common equity return in a meaningful way. The change reflects both greater pricing clarity and a collective sense that the bottom of the market cycle has passed. Navigating the Wall of Maturities The looming wall of debt maturities remains a defining storyline for 2025 and beyond. Nearly $950 billion in commercial mortgages matured in 2025 — roughly 20 percent of all outstanding commercial …

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Ella-45-Houston

HOUSTON — A partnership between Hanover Industrial, a division of Houston-based owner-operator Hanover, and Chicago-based Pearlmark has broken ground on Ella 45, a 254,000-square-foot project in North Houston. Located just west of I-45, the 19-acre development will feature 36-foot clear heights and a front-load configuration. Powers Brown is the project architect, and Kimley-Horn is the civil engineer. CBRE is the leasing agent. Construction is expected to be complete in the second quarter of 2026.

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EDISON, N.J. — Cangso Global Inc. has signed a 50,000-square-foot industrial lease in the Central New Jersey community of Edison. The provider of fulfillment services for e-commerce companies is taking space at the building at 240 Mill Road. Jianning Meng of Lee & Associates represented the tenant in the lease negotiations. Heller Industrial Parks Inc. owns the building.

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TUCSON, ARIZ. — SBA Management LLC has acquired an industrial property located at 1401 and 1501 S. Pantano Road in Tucson from East Coast Tucson Development LLC for $3.8 million. Airtronics will occupy the 47,531-square-foot facility. Robert Glaser and Stephen Cohen of Cushman & Wakefield | PICOR represented the seller in the deal.

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MORTON GROVE, ILL. — Lee & Associates of Illinois has negotiated an industrial lease renewal for a 27,149-square-foot building located at 8250 N. Austin Ave. in Morton Grove. Brad Simousek of Lee & Associates represented the tenant, Jerry’s Fruit & Garden Center Inc. The landlord, Clear Height Properties, was self-represented.

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2800-Skyline-Mesquite

MESQUITE, TEXAS — JLL has brokered the sale of a 756,668-square-foot distribution center in Mesquite, an eastern suburb of Dallas. The site at 2800 Skyline Drive spans 40.4 acres. The building was completed earlier this year and features 40-foot clear heights, 96 loading doors with 29 dock levelers, 185-foot truck court depths and 124 trailer parking stalls. Jody Thornton, Trent Agnew, Tom Weber, Pauli Kerr, Ben Pollack and Michael Jankovich of JLL represented the seller, a joint venture that includes Capstar Real Estate Advisors, in the transaction. The buyer was W. P. Carey. The facility was fully leased at the time of sale to Canadian Solar.

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HOUSTON — Colliers has negotiated a 45,700-square-foot industrial lease in East Houston. The tenant is Peace Global Logistics, and the space is located within the single-tenant building at 15135 Jacintoport Blvd., which according to LoopNet Inc. was built in 1980 and renovated in 2000. Judy Garza Beebe and Christopher Klein of Colliers represented the undisclosed landlord in the lease negotiations. Andrew McGuire and Mason Alsbrooks of Lee & Associates represented the tenant.

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SAN ANTONIO — Pilkington North America has signed a 33,850-square-foot industrial lease in northeast San Antonio. The tenant, which is a subsidiary of Nippon Sheet Glass, is taking space within the second building at Gateway 10 Business Park, a 354,710-square-foot development. Payton Rion and Michael Kent of Stream Realty Partners represented the landlord, a partnership between Stream and McCombs Enterprises, in the lease negotiations. JLL represented Pilkington North America.

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build-to-suit food processing facility

HOPKINSVILLE, KY. — Brennan Investment Group is underway on the development of a 100,800-square-foot build-to-suit industrial facility in Hopkinsville. Upon completion, the facility will act as a food processing plant for Kitchen Food Co., an Australian-based company that manufactures and distributes ready-to-go products like sandwiches, wraps and meals. Byline Bank provided an undisclosed amount of construction financing for the project. Brennan, Kitchen Food Co. and federal/private student loan servicer Nelnet Inc. formed a partnership to own the facility, as well as provide equity for the project. Food Plant Engineering is leading construction for the project. The facility is expected to be fully operational in 2026.

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