Industrial

INDIANAPOLIS — Realterm has acquired a 79-door truck terminal located at 2612 W. Morris St. in Indianapolis for an undisclosed price. The 10-acre property features a 37,965-square-foot truck terminal with 7,635 square feet of office space and a 7,626-square-foot maintenance shop. The truck terminal includes 124 trailer parking stalls and two points of ingress and egress. It recently underwent significant renovations, including a roof replacement, repaved parking lot, interior improvements to the terminal and maintenance facility, and enhanced security measures. The property offers immediate access to I-70 and the Indianapolis International Airport.

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HOUSTON — JLL has arranged $29.5 million in acquisition financing for a portfolio of eight light industrial buildings totaling 275,602 square feet in Houston. Known as the Houston Prime Shallow Bay Portfolio, the buildings feature clear heights up to 25 feet, 76- to 126-foot truck court depths and “abundant” dock and drive-in doors. Melissa Rose, Jack Britton, Josh Barker, Jovi Rodriguez and James Lovell of JLL arranged the loan through an undisclosed bank as part of a larger, $107.8 million financing package that includes industrial portfolios in Charlotte and Denver. The borrower was Miami-based Adler Real Estate Partners.

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GAINESVILLE, GA. — Logistics Property Co. has broken ground on Phase II of Gainesville 85 Business Center, a 1 million-square-foot, four-building industrial park in Gainesville. Phase II will comprise two buildings, 1800 and 1850 Fulenwider, that span 326,040 square feet. The project is situated along I-985 in Atlanta’s Northeast 85 industrial submarket and offers access to U.S. Route 129, I-85 and the upcoming Northeast Georgia Inland Port that will connect to the Port of Savannah via rail. Building 1800 will total 126,360 square feet with 32-foot clear heights and Building 1850 will span 199,680 square feet with 36-foot clear heights. The design-build team includes general contractor FCL Builders, architect POH+W Architects and civil and structural engineer Haines Gipson & Associates. Todd Barton, Joanna Blaesing, Mark Hawks and Matt Higgins of CBRE are marketing Gainesville 85 Business Center on behalf of the developer. The park is Logistics Property’s third development in the metro Atlanta area, joining Covington Commerce Center and Oakwood 985 Business Park. The developer plans to deliver Phase II of Gainesville 85 in second-quarter 2026.

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GREENVILLE, S.C. — Denholtz has acquired a 103,897-square-foot flex industrial park located at 1 Marcus Drive in Greenville. The four-building, multi-tenant property features 16.7-foot clear heights, a sprinkler system, 21 dock doors, seven drive-in doors and more than 350 onsite surface parking spaces. Rhett Craig, Blaine Hart, Matt Smith, Charles Gouch, Shelby Dodson, Patrick Gildea and Robert Hardaway of CBRE represented Denholtz in the transaction with RealOp Investments. The sales price was not disclosed. 1 Marcus Drive is the second acquisition in South Carolina for Denholtz.

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HOUSTON — California-based investment firm BKM Capital Partners has purchased a portfolio of two adjacent industrial properties totaling 242,555 square feet across eight buildings in southwest Houston. Southwest Business Park totals 131,000 square feet across three buildings, and Stonecrest Business Center totals 111,555 square feet across five buildings. Combined, the properties offer 39 suites with a current occupancy rate of about 70 percent. BKM Capital, which plans to implement capital improvements, purchased the portfolio for $29.5 million from Fort Worth-based investment firm Fort Capital.

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FARMINGTON, CONN. — Colliers has negotiated the sale of a 30,829-square-foot industrial building in Farmington, located just west of Hartford. The sales price was $1.9 million. According to LoopNet Inc., the building at 145 Hyde Road was constructed on 6.5 acres in 1966 and features a clear height of 16 feet and two dock-high loading doors. Christian Dietz of Colliers brokered the deal. The buyer and seller were not disclosed.

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DEKALB, ILL. — Mohr Capital has acquired 147 acres in DeKalb and broken ground on a 1 million-square-foot, build-to-suit distribution facility for an undisclosed national client. The project has the ability to be expanded to 1.5 million square feet. Located at the northwest corner of Peace Road and Fairview Drive, the facility will serve as a warehouse and distribution hub, supporting the client’s regional operations. Mohr Capital and the tenant have signed a 12-year lease for the building. The project team includes Pepper Construction, Curran Architecture and Willet Hoffman as civil engineer. CBRE’s Chicago-based project management team will oversee the development on behalf of Mohr.

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COLUMBUS, GA. — JS Link America, a wholly owned U.S. subsidiary of the Korean biotechnology company JS Link, will invest $223 million for the construction of a new permanent magnet manufacturing facility in Columbus. Permanent magnets are materials that create their own persistent magnetic field and aren’t dependent on external power sources to attract or repel other magnetic materials. Permanent magnets are often used in wind turbines, elevators, home appliances, data centers, consumer electronics, Urban Air Mobility (UAM), defense systems and within the medical and automobile industries. Situated within Muscogee Technology Park, the facility is expected to create more than 520 engineering, production, construction, administrative and management jobs. Operations for the 130,000-square-foot facility are expected to begin in late 2027 with an annual production capacity of 3,000 tons. Jacob Lee, in partnership with the Development Authority of Columbus, Georgia Quick Start and Georgia Power, internally represented the Georgia Department of Economic Development (GDEcD) Global Commerce team in the JS Link America deal. JS Link is also nearing completion on a similar permanent magnet facility in Yesan, Korea, with an anticipated pilot production run this month and an annual capacity of 1,000 tons.

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BUCKS COUNTY, PA. — Affinius Capital has provided a $132.4 million loan for the refinancing of an 815,000-square-foot industrial property located northeast of Philadelphia in Bucks County. Known as Lower Bucks Logistics Hub, the newly constructed facility comprises two buildings — a 361,000-square-foot rear-load structure and a 453,000-square-foot cross-dock structure — with clear heights of 40 feet. Chad Orcutt and Michael Pagniucci of JLL arranged the loan through Affinius Capital on behalf of the borrower, a joint venture between an affiliate of Boston-based Foxfield, and an undisclosed, New York-based real estate private equity firm.

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PHOENIX — Sword Industrial Partners has purchased Mountain Vista Commerce Center, a three-building industrial complex in Phoenix’s Southwest Valley. Sword Industrial Partners was formed by MAG Capital Partners and Scott Word to pursue multi-tenant infill industrial properties in the Western United States. Located at 14647 S. 50th St., the 135,000-square-foot Mountain Vista Commerce Center features 18-foot clear heights, 33 grade-level roll-up doors and flexible floor plates of varying bay depths. At the time of sale, the warehouse asset was fully leased to tenants in engineering, real estate and light manufacturing. Eric Wichterman, Chris Toci, Mike Coover, Will Strong, Phil Haenel, Foster Bundy, Molly Hunt, Jack Stamets and Madeline Warren of Cushman & Wakefield represented the seller, a Dallas-based private fund. Terms of the transaction were not released.

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