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Industrial

Park-Six35-Dallas
DevelopmentIndustrialTexas

Alliance Industrial Breaks Ground on 362,065 SF Project in North Dallas

by Taylor Williams

DALLAS — Houston-based developer Alliance Industrial has broken ground on Park Six35, a 362,065-square-foot project in North Dallas. The site is located in the Valwood submarket, which lies at the junction of interstates 35 and 635, and the development will feature three buildings that will be able to support users with requirements ranging from 35,000 to 146,000 square feet. Buildings will have rear-load configurations and 32-foot clear heights. Demolitions of existing structures on the site are underway, and the groundbreaking of the new buildings is scheduled to occur before the end of the year. Holt Lunsford Commercial has been tapped as the leasing agent.

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IndustrialLeasing ActivityTexas

Partners Real Estate Negotiates 101,968 SF Industrial Lease in Baytown, Texas

by Taylor Williams

BAYTOWN, TEXAS — Partners Real Estate has negotiated a 101,968-square-foot industrial lease in Baytown, an eastern suburb of Houston. The tenant is Architectural Surfaces Group, and the space is located within Building 2 of GrandPort 99 Business Park. Travis Land of Partners represented the landlord, a partnership between Alto Real Estate Funds and Industrial Development & Ventures (IDV), in the lease negotiations. Colton Hector and Ed Frantz of CBRE represented the tenant.

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Commonwealth-Fusion-Systems-Devens-Massachusetts
AcquisitionsIndustrialMassachusettsNortheast

Pivotal, Declaration Partners Buy Metro Boston Manufacturing Facility for $74M

by Taylor Williams

DEVENS, MASS. — A partnership between Pivotal Manufacturing Partners and Declaration Partners has purchased a 165,335-square-foot manufacturing facility in Devens, located northwest of Boston, for $74 million. The facility, which was built in 2022, serves as the global headquarters and magnet production hub of Commonwealth Fusion Systems. Building features include a clear height of 32 feet, three tailboard dock doors, one drive-in door and 283 parking spaces. John Alascio, Alan Blank, Alex Lapidus, Rob Borden and Heather Brown of Cushman & Wakefield arranged $52.8 million in acquisition financing for the deal through Goldman Sachs.

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Chula Vista Storage will feature 123,582 square feet of self-storage space.
CaliforniaDevelopmentIndustrialLoansProperty TypeSelf-StorageWestern

UTEX Storage Partners Receives $23.4M in Construction Financing for Self-Storage Project in Chula Vista, California

by Amy Works

CHULA VISTA, CALIF. — UTEX Storage Partners has obtained $23.4 million in nonrecourse construction financing for Chula Vista Storage, a to-be-built self-storage facility in Chula Vista. Brian Somoza led the JLL team in arranging the four-year, floating-rate loan through a life insurance company. Upon delivery in 2026, Chula Vista Storage will offer 123,582 square feet of storage space within two three-story buildings. The facility will feature an onsite office, security, a 24-hour surveillance system, controlled access, climate-controlled units and boat/RV storage. The property is located on 9.3 acres near the intersection of South Bay Expressway and Eastlake Drive, approximately 12 miles southeast of downtown San Diego. A REIT third-party management platform will operate and manage the property.

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AcquisitionsIndustrialSouth CarolinaSoutheast

Crescent Communities Sells 220,281 SF Industrial Development in Rock Hill, South Carolina

by Abby Cox

ROCK HILL, S.C. — Crescent Communities has completed the sale of AXIAL Southgate 77, a 220,281-square-foot industrial property situated within Antrim Business Park in Rock Hill, roughly 15 miles south of Charlotte. The buyer was Washington, D.C.-based Penzance. Nolan Aston, Tommy Whitmore, Rob Speir and Pheobe Dinga of Colliers represented the Charlotte-based seller in the transaction. The sales price was not disclosed. Developed in 2024 on 30 acres, AXIAL Southgate 77 features two buildings spanning 50,276 square feet and 220,281 square feet. The property, which was fully leased to three tenants at the time of sale, includes 32-foot clear heights, rear-load capacity, concrete tilt-wall construction and ample parking. Capital partners for AXIAL Southgate 77 include Atlantic Union Bank and Faison. Additionally, the design-build team included Choate Construction (general contractor), JTM Capital and The Tuttle Co. (development) and Progressive Cos. (architect and civil engineering).

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DevelopmentIndustrialMidwestNebraska

Timpte Opens $28M Manufacturing Facility in Lincoln, Nebraska

by Kristin Harlow

LINCOLN, NEB. — Timpte Inc., which designs and builds trailers, has launched operations at its new facility in Lincoln that will produce and ship agricultural equipment nationwide. The project represents a $28 million investment, bolstered by an additional $7 million allocated to manufacturing technologies and equipment. Timpte moved its Lincoln operations from 3400 W. O St. to the larger facility, which totals 190,000 square feet. The new location houses Thunderstone Manufacturing LLC operations, equipment trailer product lines and serves as the company’s national parts distribution center. The new facility will produce between 8,000 and 10,000 grain trailer tarps each year. Timpte has added about 20 employees at the Lincoln site and expects to employ more than 100 people there in the next few years. The project sits on more than 1 million square feet of land, allowing for future expansion.

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HealthcareIndustrialLeasing ActivityMidwestMinnesota

CBRE Negotiates Industrial Lease Renewal, Expansion for Sonex Health in Eagan, Minnesota

by Kristin Harlow

EAGAN, MINN. — CBRE has negotiated a lease renewal and expansion for Sonex Health at Grand Oak IV, a 43,200-square-foot industrial property in the Minneapolis suburb of Eagan. The company is expanding its footprint from 20,000 to 31,000 square feet. CBRE’s Mike Bowen and Matt Oelschlager represented the tenant, which is an Eagan-based medical device company founded in 2014 by two former Mayo Clinic physicians.

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AcquisitionsIndustrialMassachusettsNortheast

JLL Negotiates Sale-Leaseback of 59,480 SF Industrial Property in Georgetown, Massachusetts

by Taylor Williams

GEORGETOWN, MASS. — JLL has negotiated the sale-leaseback of a 59,480-square-foot industrial property in Georgetown, located north of Boston. Built in 2004 on an 8.6-acre site, the warehouse and manufacturing building features a clear height of 21 feet and 71 parking spaces. Michael Restivo, David Coffman and Tommy Hovey of JLL brokered the deal. The seller/occupant was not disclosed. Anthony Cutone and Ryan Parker, also with JLL, arranged fixed-rate acquisition financing on behalf of the buyer, Equity Industrial Partners.

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The-Loop-Scottsdale-AZ
ArizonaDevelopmentIndustrialWestern

Creation, PGIM Break Ground on 267,000 SF Industrial Campus in Scottsdale

by Amy Works

SCOTTSDALE, ARIZ. — Creation, with development partner PGIM Real Estate, has broken ground on The Loop, an industrial campus in Scottsdale. Situated along Loop 101, The Loop will offer 267,000 square feet of Class A industrial space spread across four buildings ranging from 54,000 square feet to 101,000 square feet. Designed and built by LGE Design Build, the campus will feature footprints for light manufacturing, skilled assembly, industrial showrooms and distribution. Situated on 16.4 acres at Loop 101 and East Princess Drive, the development is slated for completion in late 2026. Pat Harlan and Steve Larsen of JLL are marketing the buildings for lease or sale.

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DevelopmentIndustrialNew JerseyNortheast

Levin Management Corp. Underway on 54,000 SF Industrial Project in Piscataway, New Jersey

by Taylor Williams

PISCATAWAY, N.J. — Levin Management Corp. is underway on construction of a 54,000-square-foot industrial project in the Northern New Jersey community of Piscataway. The building will be located within Rutgers Industrial Center and will feature a clear height of 35 feet, eight loading docks, 31 parking spaces and 2,000 square feet of office space. Cushman & Wakefield is the leasing agent. Initial occupancy is slated for early 2026.

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