Wednesday, July 22, 2026
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Industrial

Constellation-Telephone-Houston
DevelopmentIndustrialTexas

Constellation Real Estate, Cadre to Develop 192,306 SF Spec Industrial Project in Houston

by Taylor Williams

HOUSTON — A partnership between Texas-based developer Constellation Real Estate Partners and investment management firm Cadre will develop a 192,306-square-foot speculative industrial project in Houston. The site spans 20.8 acres at the northeast corner of Beltway 8 and Telephone Road, and the development will be known as Constellation Telephone. The development team, which includes Seeberger Architecture, plans to construct two buildings with 28-foot clear heights. Construction is scheduled to begin in the second quarter and to wrap up in the first quarter of 2024. Colliers advised Constellation on the land deal and has been retained as the leasing agent.

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IndustrialLeasing ActivityTexas

Rigmore Signs 102,152 SF Industrial Lease in East Houston

by Taylor Williams

HOUSTON — Logistics and warehousing services provider RigMore has signed a 102,152-square-foot industrial lease in East Houston. According to LoopNet Inc., the building at 2425 Broad St. was built in 1957 and totals 166,440 square feet. Michael Keegan and Andrew Laycock of Partners represented the landlord, an entity doing business as SL5 Urban Industrial GP LLC, in the lease negotiations. The representative of the tenant was not disclosed.

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35550-LBJ-Freeway-Dallas
IndustrialLeasing ActivityTexas

Careismatic Brands Signs 1 MSF Industrial Lease in Southwest Dallas

by Taylor Williams

DALLAS — Careismatic Brands, a California-based designer and distributor of apparel, footwear and accessories, has signed a 1 million-square-foot industrial lease at I-20 Logistics Park in southwest Dallas. The newly built facility offers 40-foot clear heights, 170 dock-high doors and 246 trailer parking stalls. Nathan Lawrence and Krista Raymond of KBC Advisors represented the landlord, a partnership between Ares Development and Archway Properties, in the lease negotiations. Jim Hazard and Brad Struck of Cresa represented Careismatic Brands.

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IndustrialLeasing ActivityTexas

Partners Negotiates 116,176 SF Industrial Lease in Schertz, Texas

by Taylor Williams

SCHERTZ, TEXAS — Partners, the Houston-based investment and brokerage firm formerly known as NAI Partners, has negotiated a 116,176-square-foot industrial lease in Schertz, a northeastern suburb of San Antonio. According to LoopNet Inc., the property at 9870 Doer Lane totals 307,000 square feet and features 32-foot clear heights. John Colgalzier of Partners represented the landlord, an entity doing business as Baltisse-Ackerman Schertz, in the lease negotiations. The representative of the tenant, third-party logistics firm Quality Custom Distribution Services, was not disclosed.

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AcquisitionsData CentersIndustrialTexas

Hilco Real Estate Brokers Bankruptcy Sale of 48,980 SF Data Center in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Hilco Real Estate has brokered the bankruptcy sale of a 48,980-square-foot data center located along U.S. Highway 287 in Fort Worth. Built in 2018 as an industrial flex property and recently repositioned to support data center usage, the facility features 18- to 26-foot clear heights, 22 drive-in doors and office space. The site includes 6.5 acres for future expansion. The facility was leased to an undisclosed trucking company at the time of sale. The buyer and seller were not disclosed.

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DevelopmentIndustrialLoansMichiganMidwestOhio

General Motors, LG Joint Venture Receives $2.5B Loan for Construction of Three Battery Cell Manufacturing Facilities

by Kristin Harlow

OHIO, MICHIGAN AND TENNESSEE — Ultium Cells LLC, a joint venture between General Motors and LG Energy Solutions, has received a $2.5 billion loan from the U.S. Department of Energy (DOE) Loan Programs Office (LPO). The loan will help finance the construction of three new lithium-ion battery cell manufacturing facilities in Warren, Ohio; Lansing, Mich.; and Spring Hill, Tenn. JLL assisted the DOE in the credit risk evaluation of the project structure, including the allocation of risk, the strength of construction, supply and purchase contracts. JLL also negotiated the loan terms and conditions. The construction projects are expected to create more than 11,000 jobs. The three new facilities will manage battery cell production to respond to the growing U.S. consumer demand for electric vehicles. The transaction marks LPO’s first closed loan exclusively for a battery cell manufacturing project under the Advanced Technology Vehicles Manufacturing program. In October, the federal government launched the American Battery Materials Initiative to grow the end-to-end battery supply chain alongside $2.8 billion in grants from the DOE.

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AcquisitionsConnecticutIndustrialNortheast

BEB Capital Acquires 32,745 SF Industrial Property in Wallingford, Connecticut

by Taylor Williams

WALLINGFORD, CONN. — New York-based investment firm BEB Capital has acquired a 32,745-square-foot industrial property in Wallingford, a northern suburb of New Haven. The sales price was $2.3 million. James Panczykowski of JLL represented the seller, National Filter Media Corp., in the transaction. Ben Fischer, Dan Penaro and Keyvan Ghaytanchi represented BEB Capital on an internal basis.

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DevelopmentIndustrialSouth CarolinaSoutheast

GE Appliances to Open 584,820 SF Distribution Center in Greenville, South Carolina

by John Nelson

GREENVILLE, S.C. — GE Appliances (GEA) has announced plans for a new 584,820-square-foot distribution facility located in Greenville. Provident Realty Advisors Inc. is the developer for the project. Situated within August Grove Business Park, the development is scheduled for completion in the first quarter of 2024. GEA plans to invest $50 million in the facility, which marks the company’s second location in the state.

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DevelopmentFloridaIndustrialSoutheast

Saltbox Opens 31,000 SF Co-Warehousing Facility in Metro Miami

by John Nelson

DORAL, FLA. — Saltbox Inc., a co-warehousing and small business logistics company, has opened a new location at 1701 84th Ave. in Doral, roughly 15 miles northwest of downtown Miami. Comprising 31,000 square feet, the space features 68 flexible warehouse suites, conference rooms, flex storage, access to loading docks and a photo studio. The Doral facility is the first Saltbox in metro Miami and the second facility to debut in 2023, joining a facility in the Minneapolis area. Atlanta-based Saltbox has received Series B investments from firms including Cox Enterprises, Pendulum, Playground Global, XYZ Capital, Fundrise, Kapor Capital, Wilshire Lane Capital, Lincoln Property Co., Flexport and Overline. Overall the company has obtained $56 million in funding.

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