WEYMOUTH, MASS. — Boston-based Sticks Investment Group has purchased a 27,000-square-foot warehouse in Weymouth, located south of the state capital. The building at 242 Libbey Industrial Parkway was constructed in 2004, features a clear height of 24 feet and was fully leased to three tenants at the time of sale. Michael Restivo, David Coffman and Tommy Hovey of JLL represented the buyer in the transaction. Fulcrum Real Estate Partners sold the building for an undisclosed price.
HSINCHU, TAIWAN —TSMC (NYSE: TSM), a Taiwanese manufacturer of semiconductors, has announced plans to invest at least $100 billion in the United States, which would bring the company’s total investment in its U.S. manufacturing base to $165 billion. As part of the new round of investment, TSMC plans to develop three more fabs (i.e. manufacturing plants), two advanced packaging facilities and a major research-and-development (R&D) center in Arizona. Once fully realized, the project will be solidified as the “largest single foreign direct investment in U.S. history,” according to TSMC. The construction timeline was not disclosed, but U.S. President Donald Trump and TSMC CEO C.C. Wei announced the investment at a press conference on Monday, with Trump saying the investment will be made “over the next short period of time.” TSMC’s expanded investment is expected to support 40,000 construction jobs over the next four years and create tens of thousands of high-tech jobs in advanced chip manufacturing and R&D, which Trump said would range between 20,000 and 25,000 jobs. Yahoo! Finance reported that Intel is currently the only computer chip manufacturer with a dedicated R&D center in the United States. TSMC is currently building out its 1,100-acre campus in north Phoenix, …
COPPELL, TEXAS — Houston-based developer Alliance Industrial has broken ground on 300 Freeport, a 186,291-square-foot distribution center in Coppell, located in the northern-central part of the metroplex. The site spans 13 acres, and the development will feature a rear-load configuration, 32-foot clear heights and 233 trailer parking stalls. Project partners include Seeberger Architecture, Langan Engineering, Alliance Industrial Builders and Stream Realty Partners. Completion of 300 Freeport is slated for the first quarter of 2026.
MANASSAS, VA. — Penzance has acquired Gateway & Linden, a six-building industrial portfolio totaling 212,086 square feet in Manassas, for $55 million. The transaction includes two industrial flex parks, Gateway Centre and Linden Business Center, where Penzance plans to lease current and upcoming vacancies up to 33,000 square feet. Additionally, office suites will be converted for industrial use by raising dropped ceilings and adding dock doors. Built in 1988, Gateway Centre is located at 7201-7401 Gateway Court and totals 102,277 square feet. Linden Business Center, built in 2001, is situated at 7245-7795 Coppermine Drive and totals 109,809 square feet. JLL’s Metro D.C. industrial team will lead leasing efforts for the property and Penzance’s in-house property management team will oversee operations. Bill Putting, Craig Childs and Chris Dale of JLL’s Mid-Atlantic Capital Markets team served as the advisors for the transaction.
DENVER — Evergreen Devco has broken ground on Superblock, a two-building industrial project located at 4439 N. Telluride St. and 17688 E. 45th Ave. in Denver’s Airport submarket. The speculative development is slated for completion in first-quarter 2026. Situated on 16.5 acres, Superblock will feature a 154,702-square-foot building and a 124,672-square-foot building, designed for flexibility to accommodate a variety of tenants from distribution to manufacturing operations. Additionally, Superblock will offer 39 trailer parking stalls. The site offers connectivity with direct access to Peña Boulevard, Interstate 70 and E-470, as well as immediate proximity to Denver International Airport. Keiffer Garton, Tyler Carner and Jeremy Ballenger of CBRE are handling leasing for the properties.
TUCSON, ARIZ. — TMC Holdings Inc. has purchased 2.4 acres of land at Pavilions Lots 9 and 10 at 10330 E. Drexel Road in Tucson. Houghton Drexel LLC sold the assets for $3.4 million. Richard M. Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the buyer, while Chad Kouts of Jump Ventures and Cameron Warren of Phoenix Commercial Advisors represented the seller in the deal.
MILWAUKEE — Crow Holdings has broken ground on a new air cargo facility at the Milwaukee Mitchell International Airport (MKE). The project will transform a significant portion of the former 440th Airlift Wing, now known as the MKE Regional Business Park, into a 337,000-square-foot air cargo facility featuring a dedicated air cargo building, a new Milwaukee County highway maintenance facility to support both county and state transportation needs and enhancements to adjacent taxiways to improve accessibility for wide-body cargo aircraft. The facility will have the capacity to accommodate five B747-400 aircraft at the same time and is expected to generate over $1.3 million in annual aircraft landing fees as well as over $1 million in annual ground lease rents and fees. The former 440th campus was turned over to the airport in 2008. Since that time, the underutilized property has been marketed to developers. Some of the buildings are currently used by the airport while others have been leased to a variety of short-term tenants. According to a news release, the public-private project will create new jobs at the airport and has the potential to attract new passenger airlines and destinations, as well as air cargo services, by lowering the …
AURORA, ILL. — FCL Construction has completed a 210,000-square-foot data center for Edged in Aurora. Ware Malcomb provided architecture and interior design services for the building, which is situated on a 65-acre campus that will ultimately feature 96MW of capacity powered by renewable energy. Seefried Industrial Properties was the developer. Edged is a sustainable infrastructure provider. The new Edged campus was designed to be a model for modern engineering and sustainable infrastructure initiatives and uses significantly less energy than traditional data centers. Among the campus features is a waterless cooling technology that ensures operational efficiency while setting a new industry standard for power usage effectiveness. Other sustainable highlights include onsite solar generation, electric vehicle charge points and alternative fuel-powered backup generators. The building interior can accommodate colocation of multiple tenants and includes 13,000 square feet of office space with a lobby, conference room and break room. The exterior design features a glass façade on the north and south sides, added at the request of the city to enhance visual appeal along the adjacent tollway.
FREDERICK, MD. — Matan Cos. has signed a 111,368-square-foot industrial lease at Riverside Research Park in Frederick, about 45 miles northwest of Washington, D.C. The research-and-development campus comprises two adjoining properties — 8484 Progress Drive and 8480 Progress Drive — that offer a total of 280,000 rentable square feet. The undisclosed tenant signed the lease at 8484 Progress Drive. Both buildings offer free, surfaced parking, several gazebos and five miles of walking trails. Matan was internally represented by Brad Benna in the lease transaction. Tim Shanklin of Tyler Duncan Real Estate represented the tenant.
FORT WORTH, TEXAS — Orlando-based development and investment firm Foundry Commercial has purchased an industrial outdoor storage (IOS) site in Fort Worth. Located on the city’s south side, the site at 8800 S. Freeway spans 6 acres upon which Foundry plans to construct a 5,200-square-foot service building. Foundry is partnering with Manulife Investment Management on the purchase and development of the property, which will be known as Freeway Yards.