DALLAS — Locally based investment and development firm Westmount Realty Capital has purchased 24.4 acres in West Dallas with plans to construct a cold storage facility. The site is located at 951 W. Walton Walker Blvd. at the southwest corner of Loop 12 and I-30. Details on project specifics were not disclosed. The deal traded off-market, and no third-party brokers were involved in negotiating the sale.
ALLENWOOD, PA. — ModCorr LLC has signed a 252,282-squuare-foot industrial lease in Allenwood, about 70 miles north of Harrisburg. The manufacturer of modular construction products will occupy the entirety of Building 4 at PNK Park Allenwood at Great Stream Commons, which was completed last year and features a clear height of 40 feet. Lee & Associates represented the landlord, New York-based investment and development firm PNK Group, in the lease negotiations.
MANSFIELD, MASS. — Chicago-based investment firm Logistics Property Co. has purchased an industrial building located at 572 West St. in Mansfield, a southern suburb of Boston, that according to LoopNet Inc. totals 35,000 square feet. The building, which was built in 2004, per LoopNet, is located within Cabot Business Park and was fully leased at the time of sale. Tony Coskren of Newmark brokered the deal. The seller and sales price were not disclosed.
VACAVILLE, CALIF. — The Claremont Cos. has completed the disposition of Self Storage of Vacaville, a self-storage facility in Vacaville, to Westport Properties for an undisclosed price. Dean Trammell and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap represented the seller and procured the buyer in the transaction. Tony Solomon of Marcus & Millichap served as broker of record. Situated on 5.3 acres, Self Storage of Vacaville was originally constructed in 2018 and expanded in 2019. The facility features electronic gated entry with a digital keypad, a large institutional-style leasing office with retail, security monitor display with 24/7 video surveillance throughout the facility, concrete driveways and metal roll-up doors.
GLENVIEW, ILL. — Bottling Group LLC, operating as Pepsi Beverages Co., a division of PepsiCo. Inc., has leased Building 10 at The Logistics Campus in suburban Chicago’s Glenview. The lease for the 351,520-square-foot build-to-suit facility commences in February. Dermody is the property owner. Bottling Group LLC manufactures, distributes and sells a portfolio of nonalcoholic beverages, including soft drinks, bottled water, energy drinks and fruit juices. Site work for Building 10 is underway with delivery planned for the first quarter of 2026. Colliers represented Dermody, and Cresa represented Pepsi in the lease. The Logistics Campus is a master-planned, 10-building campus totaling 3.2 million square feet. Dermody recently completed construction on Phase 1, which consists of more than 1.2 million square feet across five buildings.
By Andrew Jacob, Colliers The Cincinnati/Northern Kentucky industrial market demonstrated notable resilience in the second quarter of 2025, balancing strong long-term fundamentals with cautious short-term sentiment. Amid national headlines of slowing industrial demand and heightened uncertainty, the region continues to distinguish itself with a combination of strategic location, steady demand and disciplined development. Market fundamentals At the close of the second quarter, the market’s total inventory stood at approximately 293.6 million square feet, supported by a healthy vacancy rate of 5.2 percent, which remains below the national average of 7.1 percent. Bulk warehouse asking rates have remained relatively steady at $5.95 per square foot, reflecting a market rebalancing after several years of oversupply from robust development activity. In contrast, flex space asking rates continue to climb, now averaging $8.11 per square foot. This upward pressure is fueled by a scarcity of new supply — driven by land constraints and elevated construction costs. The market recorded 539,000 square feet of positive net absorption in the second quarter, bringing the year-to-date total to over 1 million square feet. This consistent absorption highlights enduring occupier demand despite broader caution in the national market. New construction activity continued at a measured pace, with 2 …
PEARLAND, TEXAS — Creative Innovation has signed a 496,560-square-foot industrial lease in the southern Houston suburb of Pearland. The third-party logistics provider will occupy an entire cross-dock building within Levey Logistics Park, a 38-acre development. Allison Bergmann and Michael Foreman with Cushman & Wakefield represented the landlord, local owner-operator Levey Group, which developed the property in partnership with the Pearland Economic Development Corp., in the lease negotiations. Local industrial brokerage firm USWHSE Inc. represented the tenant.
HOUSTON — Partners Capital, the investment arm of Partners Real Estate, has acquired a portfolio of three industrial flex properties totaling 228,597 square feet in Houston. The HTX Service Center Portfolio comprises Lakes at 610 Service Center, Willowbend Service Center and Wilcrest Green Service Center and consists of five buildings on a combined 14 acres. The portfolio was 68.5 percent leased at the time of sale. Michael Martin of Avison Young represented Partners Capital in the transaction. The seller was not disclosed.
RHOME, TEXAS — Locally based brokerage firm LanCarte Commercial has arranged the sale of a 150,000-square-foot industrial flex building in Rhome, located north of Fort Worth in Wise County. The building at 138 Leopard Road is located within 114 Industrial Park, which is also home to tenants such as Valor Steel, Texas Truck Doctor, HASA, Northwest ISD, Bulldog Services, Red River Tea and Spartan Group. Mark Boone and Sarah LanCarte of LanCarte Commercial represented the undisclosed seller in the transaction.
SANTA CLARA, CALIF. — First Industrial Realty Trust has acquired a low-coverage industrial property located at 415 Aldo Ave. and 420 Nelo St. in Santa Clara for $10.6 million. Situated on 2.4 acres, the fully occupied site includes a 9,896-square-foot industrial facility and secured yard space. Ray Devlin of Colliers represented the buyer, while Mark Biagini of Biagini Properties represented the undisclosed sellers in the deal.