Saturday, April 25, 2026
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Industrial

Gordon-Logistics-Center
GeorgiaIndustrialLoansSoutheast

JLL Secures $71.7M Refinancing for Gordon Logistics Center in Adairsville, Georgia

by Abby Cox

ADAIRSVILLE, GA. — JLL Capital Markets has secured $71.7 million in refinancing for Gordon Logistics Center, a roughly 1 million-square-foot advanced manufacturing facility located in Adairsville, about 60 miles northwest of Atlanta via I-75. Peter Rotchford, Bobby Norwood, David Sitt, Christopher Pratt, Hamp Gibbs and Streeter Simmons of JLL arranged the floating-rate, two-year loan through Benefit Street Partners on behalf of the borrower, Thor Equities. The loan includes three, one-year extension options. Delivered in 2023, Gordon Logistics Center features 40-foot clear heights, 179 dock-high doors, four drive-in doors, 200 trailer parking spaces (expandable to 306), 393 car parking spaces (expandable to 567), a 185-foot truck court depth and 5,095 square feet of built-out office space. The property is also situated in close proximity to the Georgia Port Authority’s Appalachian Regional Port, which offers direct rail connection with the Port of Savannah.

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AcquisitionsIdahoIndustrialWestern

Walseth Investment Co. Acquires 115,008 SF Industrial Facility in Nampa, Idaho

by Amy Works

NAMPA, IDAHO — Walseth Investment Co. has acquired Building B at Madison Logistics Center, a three-building logistics center in Nampa, from a regional developer for an undisclosed price. Situated on 5.9 acres at 16685 Madison Road, the 115,008-square-foot Building B features 5,000 square feet of office space, a clear height of 32 feet, 28 dock-high doors, four grade-level doors, 155 parking stalls and 2,000 amps and 480V 3-phase power. The facility, which was completed in 2023, offers divisible suite options for tenant flexibility. Michael McNeight and Devin Ogden of Colliers represented the seller and are leading leasing efforts for the property. Nick Viscount of Keystone Mortgage arranged debt financing with a life company lender for the buyer.

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IllinoisIndustrialLeasing ActivityMidwest

Tolead Logistics USA Signs 160,000 SF Industrial Lease in Wood Dale, Illinois

by Kristin Harlow

WOOD DALE, ILL. — Tolead Logistics USA Inc. has signed a long-term lease for 160,000 square feet of industrial space at 640 N. Central Ave. in the Chicago suburb of Wood Dale. The tenant provides fashion, electronics and e-commerce logistics solutions. The building features a clear height of 32 feet, 38 exterior docks and two drive-in doors. Ryan Mullins and Frank Damato of Core Industrial Realty represented the tenant, while Kevin Segerson and Genna Ohrn of CBRE represented the undisclosed landlord.

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DevelopmentIndustrialLoansMichiganMidwestSelf-Storage

Bernard Financial Group Arranges $13.6M Construction Loan for Michigan Self-Storage Project

by Kristin Harlow

AUBURN HILLS, MICH. — Bernard Financial Group (BFG) has arranged a $13.6 million construction loan for a self-storage project in Auburn Hills. Adam Ferguson of BFG arranged the loan with a banking institution. The borrowing entity was Opdyke/S Blvd Self-Storage LLC & 975 Opdyke II LLC.

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121-Commerce-Park-McKinney
DevelopmentIndustrialTexas

VanTrust Real Estate to Develop 511,202 SF Industrial Project in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Kansas City-based developer VanTrust Real Estate will develop a 511,202-square-foot industrial project in McKinney, located north of Dallas. The project represents Phase I of a larger, 42-acre development known as 121 Commerce Park. Phase I will consist of two buildings that will span 241,561 and 269,641 square feet. Project partners include Evans General Contractors, architect GSR Andrade, civil engineer Kimley-Horn and leasing agent JLL. Construction of Phase I is expected to begin in the second quarter of 2026 and to last about a year.

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IndustrialLeasing ActivityTexas

Industrial Tenant Signs 101,000 SF Lease Near Austin-Bergstrom International Airport

by Taylor Williams

AUSTIN, TEXAS — An undisclosed tenant has signed a 101,000-square-foot industrial lease at 71 Logistics Center, a 215,912-square-foot speculative facility located near Austin-Bergstrom International Airport. Building features include 32-foot clear heights, 185-foot truck court depths, 2,640 square feet of office space and parking for 142 cars (expandable to 262) and 54 trailers. Ace Schlameus and Travis Secor of JLL represented the landlord, Atlanta-based MDH Partners, in the lease negotiations. Brett Arabie of Cushman & Wakefield represented the tenant.

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14821-Artesia-Blvd-La-Mirada-CA
AcquisitionsCaliforniaIndustrialWestern

Voit Brokers $23.4M Sale of 89,873 SF Industrial Building in La Mirada, California

by Amy Works

LA MIRADA, CALIF. — Voit Real Estate Services has arranged the purchase of a freestanding industrial building located at 14821 Artesia Blvd. in La Mirada. An Orange County, Calif.-based full-service printing service and fulfillment company acquired the asset from The Realty Associates Fund XII Portfolio for $23.4 million. The buyer will use the 89,873-square-foot property to expand its operations and to accommodate its acquisition of several other companies, according to the Voit team. Eric Smith, Selden McKnight and Stan Kwak of Voit represented the buyer in the deal.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Lee & Associates Negotiates 187,460 SF Industrial Lease in Bensenville, Illinois

by Kristin Harlow

BENSENVILLE, ILL. — Lee & Associates of Illinois has negotiated a new long-term lease for a 187,460-square-foot industrial building in the Chicago suburb of Bensenville. The property is located at 222 Sievert Court. Jeff Janda and John Cassidy of Lee & Associates represented the owner, DRA Advisors. Mark Baumhart of NAI Hiffman represented the tenant, TAFCO Corp., a manufacturer of windows, doors and related products. The transaction represents the third quarter’s second-largest lease in the O’Hare market, according to Lee & Associates.

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District of ColumbiaHealthcareHospitalityIndustrialLoansMultifamilyOfficeRetailSoutheast

MBA: Commercial, Multifamily Loan Originations Increased 36 Percent in Third Quarter from 2024

by John Nelson

WASHINGTON, D.C. — The volume for commercial and multifamily mortgage loan originations closed in the third quarter of 2025 was 36 percent higher compared to a year earlier, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations report. The third-quarter production also represents an 18 percent increase from the previous quarter. The MBA reports that loan originations have now risen for five consecutive quarters on both a quarterly and annual basis. Among property types, there was an 181 percent year-over-year increase in the dollar volume of loans for office properties, 100 percent increase for retail properties, 66 percent increase for hotels, 27 percent increase for multifamily properties and a 5 percent increase for industrial properties. Originations for healthcare properties decreased 43 percent compared to the third quarter of 2024. “While some sectors, such as healthcare and industrial, saw slower activity, overall volumes reflected improving sentiment as property values stabilized and loans reaching maturity were refinanced,” says Reggie Booker, MBA’s associate vice president of commercial/multifamily research. Among capital sources, there was a 52 percent year-over-year increase in loans by depositories lenders (i.e. banks), 40 percent increase in loans by government sponsored enterprises (Fannie Mae and Freddie Mac) …

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IllinoisIndustrialMarket ReportsMidwestMidwest Market Reports

Fiscal Challenges Weigh on Near-Term Outlook of Chicago Industrial Market

by Kristin Harlow

By Marc Hale, DarwinPW Realty/CORFAC International The Chicagoland industrial market continues to stand out as one of the most important in the country. Its location at the center of the U.S. transportation network gives companies the ability to reach nearly one-third of the nation’s population within a single day’s drive.  Six Class I railroads, an abundance of intermodal facilities and seven major interstate highways all converge here, making it one of the most efficient distribution platforms in North America. Chicago O’Hare International Airport also ranks among the top cargo airports in the world, adding critical global connectivity.  These advantages are reinforced by a large and diverse labor pool, which has long supported the region’s position as a major hub for manufacturers, distributors and logistics providers. The area’s role as a manufacturing hub is further reinforced by its proximity to major steel mills and primary metal production facilities, the depth of its skilled workforce and plentiful access to water from Lake Michigan, which has long supported heavy industry and advanced manufacturing across the region. The market’s vacancy rate has been trending higher, moving from 5.2 percent in the third quarter of 2024 to 5.9 percent in the third quarter of 2025. …

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