Monday, August 4, 2025
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Industrial

DeKalb Technology Center Atlanta
AcquisitionsGeorgiaIndustrialOfficeSoutheast

CapRidge Buys 285,000 SF DeKalb Technology Center Flex Office Campus in Metro Atlanta

by John Nelson

DORAVILLE, GA. — CapRidge Partners, a real estate investment firm based in Austin, has purchased DeKalb Technology Center, a flex office park in Doraville spanning 285,000 square feet across eight buildings. Situated in metro Atlanta near the intersection of I-85 and I-285, which is known locally as Spaghetti Junction, the campus was 67 percent leased at the time of sale. Jordan Camp and Reid Hanner of Foundry Commercial represented CapRidge in the sale. The buyer and sales price were not disclosed. DeKalb Technology Center represents the sixth investment in metro Atlanta in the past 12 months for CapRidge, bringing the company’s local portfolio in that time span to nearly 900,000 square feet. The other acquisitions include Cobblestone Business Park, Franklin Forest, Whittier Mill Complex, Lakeridge Court and Westfork Business Park.

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AcquisitionsIndustrialNortheastPennsylvania

Sealy & Co. Acquires 148,172 SF Light Industrial Portfolio in Pittsburgh

by Taylor Williams

PITTSBURGH — Sealy & Co., an investment firm with offices in Dallas and Shreveport, La., has acquired The Imperial Light Industrial Portfolio, which comprises two buildings totaling 148,172 square feet in Pittsburgh. The buildings are located within the Chapman Westport master-planned development near Pittsburgh International Airport and can support office, distribution and lab uses. John Plower of JLL represented the undisclosed seller in the transaction. Jason Gandy and Davis Gibbs internally represented Sealy & Co.

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DevelopmentIndustrialMassachusettsNortheast

LPC, Angelo Gordon Break Ground on 120,600 SF Spec Industrial Project in Metro Boston

by Taylor Williams

MARLBOROUGH, MASS. — A partnership between Dallas-based Lincoln Property Co. (LPC) and New York-based alternative investment firm Angelo Gordon has broken ground on a 120,600-square-foot industrial project in the western Boston suburb of Marlborough. The speculative facility will feature a clear height of 32 feet and 10 loading docks. ARCO National Construction is the general contractor for the project, and LPC will also handle leasing. Completion is slated for the second quarter of 2023.

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Glendale-Financial-Square-Glendale-CA
AcquisitionsCaliforniaIndustrialWestern

Kidder Mathews Negotiates Sale of 126,500 SF Glendale Financial Square in California

by Amy Works

GLENDALE, CALIF. — Kidder Mathews has arranged the sale of Glendale Financial Square, an office building located at 225 W. Broadway in Glendale. Two Southern California real estate investment firms taking ownership as Hacienda Associates LP acquired the asset from a partnership between three local investors (Hyun 1996-2 Family LP, Royalblue LLC and Broadway JSY LLC) for $27.5 million. Glendale Financial Square features 126,500 square feet of office space and a stable tenant base. The buyer plans to invest in upgrading the buliding’s common areas and main entry plaza. Bill Boyd, Linda Lee and Scott Unger of Kidder Mathews represented two-thirds of the seller partnership in the deal.

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7200-E-36th-Ave-Denver-CO
AcquisitionsColoradoIndustrialSelf-StorageWestern

Armstrong Capital Development Sells 80,400 SF Self-Storage Facility in Denver

by Amy Works

DENVER — Armstrong Capital Development has completed the disposition of a self-storage facility in Denver. An institutional buyer acquired the asset for an undisclosed price. Located at 7200 E. 36th Ave., the 80,400-square-foot facility consists of a three-story, climate-controlled building with 569 units ranging in size from 5-foot by 5-foot to 10-foot by 30-foot. Onsite amenities include 24-hour video surveillance, prominent visibility and convenient access to more than 68,900 vehicles per day. Built in 2019, the property was 96 percent occupied at the time of sale.

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AcquisitionsIndustrialNevadaWestern

RealComm Brokers $3.8M Sale of Industrial Building in Las Vegas

by Amy Works

LAS VEGAS — RealComm has arranged the sale of an industrial facility in Las Vegas. JPFS LLC sold the asset to 3934 Silvestri Lane LLC for $3.8 million. Located at 3924 Silvestri Lane, the property features 16,888 square feet of industrial space. Jennifer Levine and Elizabeth Moore of RealComm Advisors represented the seller in the deal.

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DevelopmentIllinoisIndustrialMidwest

Venture One Breaks Ground on 729,823 SF Spec Industrial Facility in Huntley, Illinois

by Kristin Harlow

HUNTLEY, ILL. — Venture One Real Estate has broken ground on a 729,823-square-foot speculative industrial facility in Huntley, a northwest suburb of Chicago. Known as Venture Park 47, the project will be located at the intersection of Illinois Route 47 and Jim Dhamer Drive. The building will feature a clear height of 40 feet, 72 docks, four drive-in doors, 448 car parking stalls and 130 trailer stalls. Completion is slated for the third quarter of 2023. Brian Kling and Reed Adler of Colliers will market the project for lease.

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IndustrialLeasing ActivityMichiganMidwest

Diversified Synergies Signs 200,000 SF Industrial Lease in Detroit

by Kristin Harlow

DETROIT — Diversified Synergies LLC has signed a 200,000-square-foot industrial lease at 201 Waterman St. in Detroit’s Delray neighborhood. The Bedrock-owned Fort Street Industrial Campus, formerly named the Sakthi Industrial Campus, is slated to open as early as July. Diversified Synergies packages and distributes products for pharmaceutical, food and consumer goods for Fortune 500 companies. The Highland Park, Mich.-based company is a joint venture between Staffing Synergies Inc. and Diversified Chemical Technology Inc. Bedrock acquired the former Sakthi Industrial Campus in September 2020. The property features roughly 529,000 square feet of industrial space, 89,000 square feet of flex office space and more than 10 acres of developable land. Bedrock is the full-service real estate arm of billionaire businessman Dan Gilbert.

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DevelopmentIllinoisIndustrialMidwest

Principle Construction Builds 178,850 SF Spec Industrial Facility in Chicago

by Kristin Harlow

CHICAGO — Principle Construction Corp. has completed a 178,850-square-foot speculative industrial building in Chicago. IDI Logistics was the developer. Located at 3700 S. Morgan St., the property features a clear height of 36 feet, 32 dock positions, two drive-in doors and 103 car parking stalls. Principle’s Darrin Dehmlow served as project manager and Matt Frane was the onsite superintendent. Macgregor Architects served as project architect.

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Whisper-35-San-Marcos
DevelopmentIndustrialTexas

Greystar Breaks Ground on 500,000 SF Whisper 35 Industrial Project in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — South Carolina-based developer Greystar has broken ground on Phase II of Whisper 35, a 500,000-square-foot industrial project in San Marcos, located roughly midway between Austin and San Antonio. Phase I of Whisper 35 consists of two buildings totaling approximately 180,000 square feet, the first of which is complete and fully leased and the second of which is slated for a fourth-quarter delivery. Phase II will comprise three buildings totaling roughly 315,000 square feet that are expected to be complete in the third quarter of 2023. RC Page is the general contractor for the project, and Stream Realty Partners is the leasing agent.

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