Thursday, November 27, 2025
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Industrial

DevelopmentIndustrialMarylandSoutheast

Logistics Property Co. Breaks Ground on 270,000 SF Industrial Development in Beltsville, Maryland

by John Nelson

BELTSVILLE, MD. — Logistics Property Co. (LogiPropCo) has broken ground on Beltsville Logistics Center, a two-building, 270,000-square-foot industrial development in the Washington, D.C., suburb of Beltsville. The property is situated on Md. Route 200 and has immediate access to I-95. Building 1 at Beltsville Logistics Center will total 147,358 square feet and Building 2 will total 122,606 square feet. Both buildings will feature 32-foot clear heights, ample dock doors and auto parking spaces. The design-build team includes FCL Builders (general contractor), Powers Brown Architecture (architect), LJB Engineering (structural engineer) and Salas O’Brien (MEP engineer). LogiPropCo expects to deliver the development in third-quarter 2026.

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AcquisitionsFloridaIndustrialSoutheast

Buligo Capital Acquires Sarasota Industrial Business Center for $27.4M

by John Nelson

SARASOTA, FLA. — Buligo Capital has purchased Sarasota Industrial Business Center in southwest Florida for $27.4 million. The park includes five industrial parcels totaling over 186,650 square feet of shallow-bay industrial space, as well as 1.1 acres of industrial outdoor storage (IOS) and laydown yard. Nick DeVito II and Brie Tulp of Ian Black Real Estate represented the seller, GBA Holdings, a joint venture between Biscayne Atlantic and Genet Property Group, in the transaction. The brokers also procured the undisclosed buyer. Biscayne Atlantic purchased the park in 2023 and invested $1.3 million in capital improvements. Sarasota Industrial Business Center, which is located on Industrial Boulevard with access to U.S. Route 301 and I-75, was 85 percent leased at the time of sale.

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345-N-Pekin-Rd-Woodland-WA
DevelopmentIndustrialWashingtonWestern

TCC Breaks Ground on 931,186 SF Woodland Industrial Park in Southern Washington

by Amy Works

WOODLAND, WASH. — Trammell Crow Co. (TCC) has broken ground on Woodland Industrial Park, a speculative development in Woodland, approximately 22 miles from Portland, Ore. Slated for delivery by fall 2026, Woodland Industrial Park will feature two buildings offering a total of 931,186 square feet of Class A space being offered for lease or sale. Situated on 66 acres at 345 N. Pekin Road, Woodland Industrial Park will include a 655,094-square-foot cross-dock warehouse with a clear height of 40 feet and 130 trailer parking stalls and a 276,092-square-foot rear-loaded building with a clear height of 36 feet and yard area that can accommodate up to 98 trailer parking stalls. Mackenzie designed the project, while Sierra Construction is serving as general contractor. Capacity Commercial Group is marketing the development.

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6250-6270-Caballero-Blvd-Buena-Park-CA
AcquisitionsCaliforniaIndustrialWestern

Cushman & Wakefield Arranges Sale of Two Industrial Buildings in Buena Park, California

by Amy Works

BUENA PARK, CALIF. — Cushman & Wakefield has arranged the sale of two industrial buildings at 6250 and 6270 Caballero Blvd. in Buena Park. AEW sold the assets to Elion for an undisclosed price. Totaling 274,170 square feet, the two buildings offer 24-foot clear heights, 32 dock-high doors, three ground-level doors and 13 rail doors. The properties are situated on 12 acres and offer ample parking and convenient freeway access. Jeff Chiate, Rick Ellison, Matt Leupold, Aubrie Monahan and Jeff Cole of Cushman & Wakefield represented the seller and procured the buyer in the transaction. Brian Share, Rob Rubano, Max Schafer, Brennan Vance, Niki Kretschmann and Jonathan Grotzinger of Cushman & Wakefield arranged financing on behalf of the new ownership.

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AcquisitionsCaliforniaIndustrialWestern

Alterra IOS Acquires 5.1-Acre Industrial Outdoor Storage Site in San Diego

by Amy Works

SAN DIEGO — Alterra IOS has purchased a 5.1.-acre industrial outdoor storage (IOS) site with 30,000 square feet of accompanying warehouse space in the Otay Mesa neighborhood of San Diego. Located at 2660 Cactus Road, the property includes designated office space and open canopies. Additionally, the property is fully leased to a national tenant in the building materials sector. Located adjacent to the United States-Mexico border, the asset offers convenient access to the region’s key domestic and international ports, highways and airports, with direct connectivity to I-5, I-8, I-805, Route 905 and Route 11. Mickey Morera of Kidder Mathews facilitated the acquisition for Alterra.

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DevelopmentIllinoisIndustrialMidwest

AbbVie Plans $195M Expansion of North Chicago Manufacturing Plant

by Kristin Harlow

NORTH CHICAGO, ILL. — AbbVie (NYSE: ABBV) has unveiled a $195 million investment to expand its North Chicago manufacturing plant to include domestic active pharmaceutical ingredient (API) production. The expansion is part of AbbVie’s previously announced commitment to invest more than $10 billion of capital in the U.S. to support innovation and expand critical manufacturing capabilities and capacity. API manufacturing involves producing the active components responsible for the therapeutic effects of medications. The new North Chicago API facility will expand AbbVie’s chemical synthesis capabilities in the U.S., supporting domestic production of current and next-generation neuroscience, immunology and oncology medicines. Construction of the new facility is slated to begin this fall, with the site projected to be fully operational in 2027. The project will expand AbbVie’s existing U.S. manufacturing footprint, which supports more than 6,000 American jobs across 11 manufacturing sites and thousands of additional jobs at suppliers around the U.S. AbbVie is headquartered in North Chicago and employs more than 11,000 people in the state that work to develop and manufacture medicines for patients worldwide.

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AcquisitionsIndustrialMichiganMidwestSelf-Storage

Marcus & Millichap Negotiates Sale of 342-Unit Self-Storage Facility Near Grand Rapids

by Kristin Harlow

ADA, MICH. — Marcus & Millichap has negotiated the sale of Ada Attic Self-Storage, a 342-unit self-storage facility in Ada near Grand Rapids. The sale closed at a 6.62 percent cap rate. Built in 2002, the 52,150-square-foot property comprises climate-controlled and conventional units and was 96 percent occupied at the time of sale. Recent upgrades include new shingles, LED lighting and a modern surveillance system. Eddie Greenhalgh of Marcus & Millichap represented the seller, a family trust/limited liability company, and procured the buyer, Prestige Storage, in association with Steve Chaben, the brokerage firm’s broker of record in Michigan. The transaction marks the first time that the asset has changed hands.

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AcquisitionsIllinoisIndustrialMidwest

Brennan Acquires 97,568 SF Industrial Building in Addison, Illinois

by Kristin Harlow

ADDISON, ILL. — Brennan Investment Group has acquired a 97,568-square-foot industrial building in the Chicago suburb of Addison. Located near the I-355 expressway in the Northern DuPage submarket, the property features convenient access to the O’Hare International Airport as well as the Chicago central business district. The transaction marks the fifth acquisition within Brennan’s inaugural Opportunity Fund, which primarily focuses on the user-owned market.

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AlabamaDevelopmentGeorgiaIndustrialKentuckySouth CarolinaSoutheastTennesseeTop Stories

GE Appliances Unveils $3B Investment to Expand U.S. Manufacturing Across Five States

by Kristin Harlow

LOUISVILLE, KY. — GE Appliances, a Haier company, has unveiled plans to invest more than $3 billion in its U.S. operations over the next five years. The company plans to expand its air conditioning and water heating portfolio, increase production output across all product lines and further modernize its 11 U.S. manufacturing plants with new automation and capital equipment. The first phase of investments will begin at GE Appliances plants in Kentucky, Alabama, Georgia, Tennessee and South Carolina. Upon completion of the plan, Louisville-based GE Appliances will have invested $6.5 billion across its U.S. manufacturing plants and nationwide distribution network since 2016, which is the year that the company was sold by General Electric (NYSE: GE) to Haier. The new $3 billion announcement marks the second-largest investment in the company’s history. The GE Appliances plant in Camden, S.C., currently produces gas water heaters. With the new investment, electric and hybrid water heater manufacturing will be added, doubling the plant’s output and employment once the project is complete. The first phase will be implemented by early 2026. In December, GE Appliances will add two new models of air conditioners to its air and water product portfolio at its Selmer, Tenn., plant. …

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DevelopmentIndustrialTexas

Alliance Industrial, Northwestern Mutual to Develop 881,521 SF Park in Southeast Houston

by Taylor Williams

HOUSTON — Alliance Industrial Co. will develop TriPort 8, an 881,521-square-foot industrial park in southeast Houston. The project, which Alliance is developing in partnership with Northwestern Mutual, will span five buildings across 62 acres. Buildings will be able to accommodate users with requirements from 30,000 to 250,000 square feet and will feature 32- to 36-foot clear heights. Luke Hoyl with Virtue Real Estate Partners represented Alliance in the acquisition of the site. Stream Realty Partners has been appointed as the leasing agent and has inked several new deals.

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