Sunday, April 5, 2026
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Industrial

DevelopmentFloridaIndustrialSoutheast

Bridge Industrial Obtains $153.5M Construction Loan for Metro Miami Logistics Project

by John Nelson

MIAMI GARDENS, FLA. — Bridge Industrial has obtained a $153.5 million construction loan to complete Phase II of Bridge Point Commerce Center, a 2.7 million-square-foot logistics park in Miami Gardens. Steve Roth of CBRE arranged the loan through CIBC Bank on behalf of Bridge Industrial. The second phase, which comprises two buildings totaling 1.6 million square feet, is expected to deliver in third-quarter 2023. Each building will span 794,230 square feet and feature 36-foot clear heights. There are build-to-suit and build-to-own opportunities available at the project, according to Bridge Industrial. Located on a 186-acre site at 4310 NW 215th St., Bridge Point Commerce Center features frontage on the Florida Turnpike and is equidistant between Miami International Airport and Fort Lauderdale International Airport. Phase I spans 1.1 million square feet across three buildings and is fully leased to tenants including City Furniture and HapCor.

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AcquisitionsIndustrialNew JerseyNortheast

Sheldon Gross Arranges Sale of Warehouse in Old Bridge, New Jersey

by Taylor Williams

OLD BRIDGE, N.J. — Locally based brokerage firm Sheldon Gross Realty has arranged the sale of a warehouse located at 3220 Bordentown Ave. in the Northern New Jersey community of Old Bridge. According to LoopNet Inc., the property was built in 1980. The 9.9-acre site includes six acres of outdoor storage space, and the building houses 42,000 square feet of office space and clear heights of 14 to 16 feet. The seller was not disclosed. Brentwood Realty purchased the building for an undisclosed price. Jonathan Glick of Sheldon Gross Realty brokered the deal.

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Data CentersDevelopmentIllinoisIndustrialMidwest

Prologis, Skybox Complete 189,000 SF Spec Data Center in Elk Grove Village, Illinois

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Prologis and Skybox Datacenters have completed a 189,000-square-foot data center at 800 E. Devon Ave. in Elk Grove Village, a suburb of Chicago. Named Skybox Chicago I, the speculative facility sits on a 10-acre site. The project can accommodate a single tenant or several users. Leasing efforts are underway. The project was the conversion of a vacant distribution center.

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AcquisitionsIndustrialMidwestMinnesota

JLL Brokers Sale of 164,701 SF Distribution Center in Suburban Minneapolis

by Kristin Harlow

SHAKOPEE, MINN. — JLL Capital Markets has brokered the sale of a 164,701-square-foot distribution center in the Minneapolis suburb of Shakopee for an undisclosed price. Logistics Insight Corp. fully leases the facility, which was constructed in 1984 and renovated in 2020. Building features include clear heights ranging from 20 to 21 feet, 19 dock-high doors, one drive-in door, LED lighting and 1.5 acres of outside storage. Colin Ryan and David Berglund of JLL represented the seller, Interstate Development. An affiliate of Boston-based STAG Industrial Inc. was the buyer.

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Bainbridge-Industrial
DevelopmentIndustrialMarylandSoutheastTop Stories

MRP Industrial, Hillwood Development Plan 3.7 MSF Bainbridge Logistics Center in Port Deposit, Maryland

by Katie Sloan

PORT DEPOSIT, MD. — A joint venture between MRP Industrial and Hillwood Development Co. has announced plans for Bainbridge Logistics Center, a 3.7 million-square-foot industrial development in the town of Port Deposit, located in Maryland’s Eastern Shore region.  Bainbridge Naval Training Center formerly occupied the 440-acre site, which is located three miles from Interstate 95, approximately 42 miles from Baltimore and 40 miles from Wilmington, Delaware. The project’s first phase of development will include two single-story, speculative, Class A warehouse and logistics buildings totaling 1 million square feet and 605,280 square feet, respectively.  The developers are seeking LEED certification for both buildings, which will include LED lighting and white reflective roofs, among other energy-saving design features. Both assets will offer deep truck courts to support the movement of large tractor trailers; parking fields for both employees and visitors; and large floor plates to accommodate a range of uses, including light manufacturing, warehouse, logistics and last-mile operations.  The development will also feature $30 million worth of infrastructure improvements, including expansion of both water and sanitary services to support the logistics center and the surrounding community; the construction of three miles of public roads to connect the park to three highways; and …

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AcquisitionsIndustrialTexas

JLL Negotiates Sale of 361,467 SF Industrial Park in Metro Austin

by Taylor Williams

HUTTO, TEXAS — JLL has negotiated the sale of Innovation Business Park, a 361,467-square-foot industrial development located in the northern Austin suburb of Hutto. The two-building complex was constructed in 2019 and 2020 and is leased to Western Industries, Three Way Logistics and Barnsco. Building features include 30- to 32-foot clear heights, 96 dock-high doors, a shared 200-foot-deep truck court, 536 parking spaces and ESFR sprinkler systems. Trent Agnew, Dustin Volz, Dom Espinosa, Josh Villarreal and Matthew Barge of JLL represented the seller, a partnership between Ledo Capital Group and St. Clair Commercial Real Estate, in the transaction. Chicago-based investment firm CenterPoint Properties purchased the asset for an undisclosed price.

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AcquisitionsIndustrialTexas

Berkeley Partners Acquires 42,080 SF Industrial Building in Coppell, Texas

by Taylor Williams

COPPELL, TEXAS — Berkeley Partners, an investment firm with offices in Dallas and San Francisco, has acquired a 42,080-square-foot industrial building in Coppell, located near Dallas-Fort Worth International Airport. Jeremy Mojica and Nathan Denton of Lee & Associates represented the buyer in the transaction, which included land for future development. The seller was an entity doing business as Alford Coppell Real Estate Holdings LLC.

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AcquisitionsIndustrialLoansNew JerseyNortheast

JLL Arranges Construction Financing for 150,917 SF Spec Warehouse in Bogota, New Jersey

by Taylor Williams

BOGOTA, N.J. — JLL has arranged an undisclosed amount of predevelopment and construction financing for a 150,917-square-foot speculative warehouse that will be located in the Northern New Jersey community of Bogota. The site spans 10.8 acres at 14-22 River Road. Building features will include a clear height of 40 feet, 28 dock doors, three drive-in doors, an ESFR sprinkler system, 15 trailer parking stalls and 225 automobile parking spaces. David Sitt, Peter Rotchford, Matthew Pizzolato and Michael Lachs of JLL arranged the loan through Centennial Bank on behalf of the borrower, Thor Equities Group.

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DevelopmentIllinoisIndustrialMidwest

Meta Plans to Expand DeKalb, Illinois Data Center for Total Investment of $1B

by Kristin Harlow

DEKALB, ILL. — Facebook parent company Meta has unveiled plans to expand its data center that is currently under construction in DeKalb, more than doubling the square footage from two buildings to five. With the increased footprint, the project now represents a total investment of more than $1 billion. Meta previously announced that it was building its 12th U.S. data center in DeKalb in June 2020. Development costs were estimated at $800 million at that time. Crain’s Chicago Business reports that the five-building campus will be the largest data center in the state of Illinois. Meta says it selected DeKalb, which is located about 65 miles west of Chicago, for its access to renewable energy, talent pool and community partners. Meta is collaborating with the University of Illinois at Urbana-Champaign on a pilot program with the goal of developing a more sustainable concrete mix to help reduce the carbon footprint. Meta has also invested in two new wind energy projects in the Illinois counties of Morgan and DeWitt.

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IllinoisIndustrialLeasing ActivityMidwest

Grane Distribution Services Renews 174,824 SF Industrial Lease in Bensenville, Illinois

by Kristin Harlow

BENSENVILLE, ILL. — Transportation company Grane Distribution Services LLC has renewed its 174,824-square-foot industrial lease at 703 Foster Ave. in the Chicago suburb of Bensenville. The building, constructed in 1972, features 21 exterior docks, 14 interior docks and one drive-in door. George Cibula and Rick Daly of Darwin Realty/CORFAC International represented the landlord, Welbic Investments LLC, of which Speedwagon Capital Partners LLC is a partner. Grane has operated in the Chicago area since 1925.

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