Tuesday, July 22, 2025
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Industrial

DevelopmentIndustrialMidwestMissouri

PCCP, TriStar Properties to Develop 1.3 MSF Spec Industrial Park in Metro St. Louis

by Kristin Harlow

MARYLAND HEIGHTS, MO. — PCCP and TriStar Properties have formed a joint venture for the acquisition of 137 acres in Maryland Heights within metro St. Louis. The joint venture plans to build Westport Commerce Center, a speculative industrial park totaling six buildings and up to 1.3 million square feet. Buildings will range in size from 194,615 to 252,720 square feet. Construction will take place in phases, with the first phase consisting of two buildings totaling 194,615 square feet each. The buildings will share a 185-foot truck court and trailer parking area. Completion of the first phase is slated for spring 2022.

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DevelopmentIndustrialMidwestMissouri

VanTrust Breaks Ground on 1 MSF Spec Industrial Building in Raymore, Missouri

by Kristin Harlow

RAYMORE, MO. — VanTrust Real Estate has broken ground on a second speculative industrial building at Raymore Commerce Center in Raymore, about 25 miles south of Kansas City. Completion of the 1 million-square-foot building is slated for fall 2022. Plans call for a clear height of 40 feet and expansive trailer and car parking. Brinkmann Constructors is managing construction in partnership with GBA as the architect and Olsson as the civil engineer. John Stafford, Ed Elder and Ben Boyd of Colliers Kansas City will continue to serve as the leasing agents for Raymore Commerce Center and market the new building for lease.

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DevelopmentIndustrialTexas

Koontz Corp. to Develop 360,000 SF Westport Industrial Park in San Antonio

by Taylor Williams

SAN ANTONIO — Locally based developer Koontz Corp. will build Westport Industrial Park, a 360,000-square-foot industrial project that will be located near the corner of South Callaghan Road and State Highway 151 in San Antonio’s Near West Side submarket. Westport Industrial Park will consist of four 90,000-square-foot buildings that will be situated on a 35-acre site. Building features will include 24-foot clear heights, ESFR sprinkler systems, 130-foot truck court depths and ample trailer parking. Construction of Phase I, which will encompass the first two buildings, is scheduled to begin during the first quarter of 2022 and to be complete by the end of next year.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 267-Unit Self-Storage Facility in Azle, Texas

by Taylor Williams

AZLE, TEXAS — Marcus & Millichap has brokered the sale of Eagle Mountain Self Storage, an 267-unit facility located in the northwestern Fort Worth suburb of Azle. The property spans 68,200 net rentable square feet. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a private investor, in the transaction. The duo also procured the buyer, a limited liability company. Both parties requested anonymity.

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DevelopmentIndustrialNortheastPennsylvania

Endurance, Cabot Underway on 1 MSF Spec Industrial Facility in Olyphant, Pennsylvania

by Taylor Williams

OLYPHANT, PA. — A partnership between developer Endurance Real Estate Group and Boston-based Cabot Properties is underway on construction of Olyphant Logistics Center, a 1 million-square-foot speculative industrial facility that will be located in Lackawanna County. The partnership acquired the 112-acre site from Langen Development Economics LLC. Building features will include a clear height of 40 feet, 477 car parking spaces, 237 trailer parking stalls and an ESFR sprinkler system. Completion is slated for fall 2022. JLL has been appointed as the leasing agent.

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1150-McBride-Ave.-Woodland-Park-New-Jersey
DevelopmentIndustrialNew JerseyNortheast

STRO, KRE Break Ground on 250,350 SF Industrial Project in Woodland Park, New Jersey

by Taylor Williams

WOODLAND PARK, N.J. — A partnership between two New Jersey-based firms, The STRO Cos. and KRE, has broken ground on 46/80 Logistics Center, a 205,350-square-foot industrial project in the Northern New Jersey community of Woodland Park. The Class A property will be located on a 15.5-acre site at 1150 McBride Ave. Completion is slated for the first quarter of 2022. City National Bank provided construction financing.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 223-Unit Self-Storage Facility in Lufkin, Texas

by Taylor Williams

LUFKIN, TEXAS — Marcus & Millichap has brokered the sale of Texas Moving & Storage, a 223-unit self-storage facility in Lufkin, about 120 miles north of Houston. The facility was built in 2008 and spans 22,630 square feet. Dave Knobler of Marcus & Millichap represented the seller, a private investor, in the transaction. Knobler also secured the buyer, a locally based private investor. Both parties requested anonymity.

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DevelopmentIndustrialMidwestMinnesota

Endeavor Development, Calibogue Capital Break Ground on 172,224 SF Spec Distribution Center in Suburban Minneapolis

by Kristin Harlow

MAPLE GROVE, MINN. — Endeavor Development and joint venture partner Calibogue Capital have broken ground on Zachary Distribution Center, a 172,224-square-foot speculative distribution center in Maple Grove. Located on Zachary Lane, the project will feature a clear height of 32 feet, 17 loading docks, two drive-in doors and 52 trailer parking stalls. Jon Yanta, Jason Meyer and Brent Masica of Cushman & Wakefield are handling leasing and marketing efforts for the property. Zachary Distribution Center is situated within the Northwest submarket, which is the most active industrial corridor within the Twin Cities, according to Cushman & Wakefield. A timeline for completion was not disclosed.

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AcquisitionsIndustrialNew JerseyNortheastRetail

Neuman Commercial Brokers $8.6M Sale of Retail, Industrial Building in Ewing, New Jersey

by Taylor Williams

EWING, N.J. — Neuman Commercial Group LLC has brokered the $8.6 million sale of a 98,005-square-foot retail and industrial building in Ewing, a suburb of Trenton. Built in 1955 on 6.7 acres, the property was 98 percent occupied at the time of sale by tenants such as Dollar General, Dunkin’ and the State of New Jersey Department of Motor Vehicles. Gil Neuman of Neuman Commercial represented the seller, Black Oak Associates, and procured the undisclosed, locally based buyer.

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GO-99-Phoenix-AZ
ArizonaDevelopmentIndustrialWestern

GO Industrial Buys Site for 1.2 MSF Development Project in Phoenix

by Amy Works

PHOENIX — Phoenix-based GO Industrial has purchased 77 acres of land in the West Valley submarket of Phoenix for the development of GO | 99, a three-building, 1.2 milion-square-foot industrial project. An undisclosed seller sold the site, located at the southeast corner of Buckeye Road and 99th Avenue, for $23.5 million. Buildings 1 and 2 will provide rear-loaded, mid-bay configurations and will total 246,997 square feet and 272,456 square feet, respectively. Totaling 763,410 square feet, Building 3 will feature a 600-foot-deep, cross-dock configuration, nearly 1,000 auto parking stalls and up to 314 off-dock locations. Clear heights will range from 32 feet to 40 feet. All buildings will offer dock-high and ground-level loading and heavy power. Additionally, the park will be fully secured and each truck court will have dedicated access. DLR Group is serving as architect, Willmeng Construction as general contractor and Arcadia Management Group as property manager.

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