Sunday, July 20, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Industrial

AcquisitionsIllinoisIndustrialMidwestOffice

Chicago’s Bradley Business Center Trades Hands for Nearly $100M

by Kristin Harlow

CHICAGO — Bradley Business Center, an office and industrial complex on Chicago’s North Side, has traded hands. The sales price was nearly $100 million, according to Crain’s Chicago Business. The 23-acre property consists of four buildings totaling 466,871 square feet. The asset is 97 percent leased to 21 tenants. Cody Hundertmark, Tom Sitz, David Knapp, Mike Tenteris, Adam Tyler and Jim Carpenter of Cushman & Wakefield represented the seller, a private venture led by Hansen Realty Group. Hines Global Income Trust Inc. was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Cushman & Wakefield Brokers Sale of 355 Logistics Center in Lockport, Illinois

by Kristin Harlow

LOCKPORT, ILL. — Cushman & Wakefield has brokered the sale of 355 Logistics Center in Lockport, about 30 miles southwest of Chicago. The sales price was undisclosed. Constructed in 2018, the two-building industrial development spans 611,576 square feet. Both buildings feature a clear height of 32 feet. James Carpenter, Mike Tenteris and Adam Tyler of Cushman & Wakefield represented the seller, Boston-based High Street Logistics Properties. A fund managed by a subsidiary of Ares Management Corp. was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialIowaMidwest

VanTrust to Develop 496,800 SF Spec Warehouse in Altoona, Iowa

by Kristin Harlow

ALTOONA, IOWA — VanTrust Real Estate is developing a 496,800-square-foot speculative warehouse at Altus Commerce Center in Altoona. The facility is the largest speculative industrial project to be built in Iowa, according to JLL, which is marketing the development for lease. Completion is slated for January 2023. The building will feature a clear height of 36 feet as well as parking for up to 330 cars and 47 trailers. Marcus Pitts, Austin Hedstrom and Tanner Hedstrom of JLL are marketing both this building and VanTrust’s first building at Altus Commerce Center. The first building will span 265,200 square feet and is slated for completion in summer 2022.

Continue Reading
FacebookTwitterLinkedinEmail
Building-9-Gilbert-Spectrum-Gilbert-AZ
ArizonaDevelopmentIndustrialWestern

GID, SunCap Start Construction on Three Spec Industrial Buildings at Gilbert Spectrum in Arizona

by Amy Works

GILBERT, ARIZ. — GID and SunCap Properties, along with Graycor Construction Co., have broken ground for the development of three speculative industrial buildings, totaling 309,547 square feet, at Gilbert Spectrum, a 64-acre industrial park in Gilbert. The buildings will range in size from 66,446 square feet to 142,200 square feet, with divisibility to 20,000 square feet. Totaling 100,000 square feet, Building 9 will feature 32-foot clear heights and a mix of 38 dock-high and drive-in doors. The 142,200-square-foot Building 10 will offer 32-foot clear heights and a mix of 50 dock-high and drive-in doors. Totaling 66,400 square feet, Building 11 will feature 28-foot clear heights and a mix of 25 dock-high and drive-in doors. The three buildings will share a 190-foot loading court and each building will feature generous power and ESFR sprinklers. Completion is slated for May 2022. Graycor serves as the design-build general contractor and Balmer Architectural Group is the project architect. Ken McQueen and Chris McClurg of Lee & Associates Arizona are the project’s leasing brokers.

Continue Reading
FacebookTwitterLinkedinEmail
7770 Palmetto
AcquisitionsIndustrialSouth CarolinaSoutheast

JLL Arranges Sale of 196,540 SF Industrial Property in Charleston

by Julia Sanders

CHARLESTON, S.C. — JLL Capital Markets has arranged the sale of 7770 Palmetto Commerce Parkway, a 196,540-square-foot industrial facility in Charleston. Pete Pittroff, Dave Andrews, Patrick Nally, Josh McArdle, Michael Scarnato and Zach Lloyd of JLL represented the seller, a joint venture between Charleston-based The Beach Co. and Greensboro, S.C.-based Samet Corp. New York-based Indus Realty Trust Inc. acquired the property for an undisclosed amount. 7770 Palmetto Commerce Parkway is a Class, A rear-load warehouse that is partially leased to Cummins Inc., an Indiana-based diesel and alternative fuel engines and generators retailer. The infill property is situated adjacent to Interstate 26, eight miles from Charleston International Airport and 16.2 miles from Port of Charleston.

Continue Reading
FacebookTwitterLinkedinEmail
TGS-Cedar-Port-Baytown
DevelopmentIndustrialTexas

TGS Cedar Port Begins Work on Two Industrial Buildings Totaling 646,421 SF Near Port Houston

by Taylor Williams

BAYTOWN, TEXAS — TGS Cedar Port Partners, an affiliate of Trans-Global Solutions, has begun construction on two industrial buildings in Baytown totaling 646,421 square feet. The properties will be situated within TGS GS Cedar Port Industrial Park, a master-planned, rail-and-barge-served development near Port Houston. The buildings, which are being developed on a speculative basis, will total 496,421 square feet and 150,000 square feet. The larger of the two buildings will be expandable to 917,172 square feet and will feature 40-foot clear heights, 185-foot truck court depths and an ESFR sprinkler system. The second facility will be expandable to 600,000 square feet and will feature 36-foot clear heights. Powers Brown Architecture is designing the project, and E.E. Reed Construction is the general contractor. NAI Partners is the leasing agent. Completion is slated for the second and third quarters of next year, respectively.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndianaIndustrialMidwest

Avison Young Brokers Sale of Three Industrial Buildings Totaling 878,410 SF Near Indianapolis

by Kristin Harlow

WHITELAND, IND. — Avison Young has brokered the sale of three industrial buildings totaling 878,410 square feet in Whiteland, a southern suburb of Indianapolis. The sales price was undisclosed. All the buildings are situated within the 2.4 million-square-foot Whiteland Exchange Business Park. The properties are fully leased to e-commerce and packing companies. Erik Foster and Mike Wilson of Avison Young’s Chicago office represented the seller, Jones Development. The duo worked in conjunction with Sean McHale and Peter Seoane of Avison Young’s Indianapolis office. Lexington Realty Trust was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Colliers Arranges Sale of 169,250 SF Jefferson Business Center in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Colliers has arranged the sale of Jefferson Business Center in Naperville for an undisclosed price. The 169,250-square-foot distribution center is located at 1748 Jefferson Ave. Completed in 2019, the Class A facility features a clear height of 32 feet, 21 loading docks, 203 car parking stalls and 23 trailer stalls. The building was fully leased to four tenants at the time of sale. Jeff Devine and Steve Disse of Colliers Chicago represented the seller, TA Realty. Black Creek Group was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Building-6-Titan-Innovation-Business-Park
DevelopmentIndustrialTexas

Titan Development Breaks Ground on 197,621 SF Industrial Project in Metro Austin

by Taylor Williams

HUTTO, TEXAS — Titan Development has broken ground on a 197,621-square-foot industrial project in the northern Austin suburb of Hutto. The facility is part of the 100-acre second phase of Titan Innovation Business Park. The rear-load building will offer 32-foot clear heights, 54 dock-high doors and an ESFR sprinkler system. Titan Development expects to deliver the building in late 2022.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansTexas

Terrydale Capital Arranges $1.6M Acquisition Loan for Fort Worth Industrial Property

by Taylor Williams

FORT WORTH, TEXAS — Terrydale Capital, a Dallas-based financial intermediary, has arranged a $1.6 million acquisition loan for an undisclosed industrial property in Fort Worth. The 25-year loan was structured with 4.75 percent interest rate, a 25-year amortization schedule and seven months of interest-only payments. Cody Baker of Terrydale Capital arranged the loan through a correspondent SBA lender on behalf of the undisclosed borrower.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts