Tuesday, July 8, 2025
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Industrial

DevelopmentIndustrialKansasMidwest

Walmart to Open 300,000 SF Beef Facility in Olathe, Kansas

by Kristin Harlow

OLATHE, KAN. — Walmart will open its first owned and operated case-ready beef facility in Olathe on Friday, June 27. The Arkansas-based retailer says the 300,000-square-foot project will bring quality beef to customers in the Midwest while creating more resiliency in its supply chain, following its 2022 equity investment in Sustainable Beef LLC. The facility will create more than 600 jobs and will handle packaging and distribution of Angus cuts sourced directly from Sustainable Beef LLC to stores across the Midwest. During a grand opening celebration, Walmart and the Walmart Foundation will present $90,000 in grants to local nonprofit organizations in the community. With fiscal year 2025 revenue of $681 billion, Walmart employs approximately 2.1 million associates worldwide at its more than 10,750 stores. The retailer has pledged to invest $350 billion in U.S.-made products by 2031.

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AcquisitionsData CentersIllinoisIndustrialMidwest

SRM, Pearlmark Acquire Fully Leased Data Center in Arlington Heights, Illinois

by Kristin Harlow

ARLINGTON HEIGHTS, ILL. — SRM Cos. and Pearlmark have acquired a data center and flex industrial facility located at 545 E. Algonquin Road in the Chicago suburb of Arlington Heights. The transaction marks SRM’s first acquisition in the Chicago market. The property is fully leased to two tenants and features robust power and infrastructure. According to a release, the buyers plan to maintain and enhance the facility’s long-term value through proactive asset management and continued investment. Wintrust Commercial Real Estate provided acquisition financing.

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AcquisitionsIndustrialMassachusettsNortheast

Marcus Partners Sells 192,380 SF Industrial Portfolio in Metro Boston

by Taylor Williams

TAUNTON AND HAVERHILL, MASS. — Regional owner-operator Marcus Partners has sold a portfolio of two industrial buildings totaling 192,380 square feet in metro Boston. The sales price was $50 million. The portfolio consists of an 88,000-square-foot facility in Taunton, located south of Boston, and a 104,380-square-foot structure in Haverhill, a northern suburb of the state capital. Both buildings were fully leased at the time of sale. Chris Skeffington of CBRE represented Marcus Partners in the transaction. The buyer was a fund backed by Ares Real Estate.

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Port Wentworth
DevelopmentGeorgiaIndustrialSoutheast

Dermody Launches 10 MSF Port Wentworth Commerce Center Project Near Port of Savannah

by Abby Cox

PORT WENTWORTH, GA. — Industrial real estate firm Dermody Properties has launched Port Wentworth Commerce Center, a 10 million-square-foot master-planned logistics project located roughly seven miles from the Port of Savannah and one mile from I-95. The development will be supported by a 2.5-mile road system currently under construction, where utilities such as water, sewer, power, gas and fiber optics will be installed. Situated within a designated Foreign Trade Zone (FTZ), Port Wentworth Commerce Center allows tenants to defer, reduce or eliminate tariffs on imported goods. The campus will also have onsite CSX rail service. The project is expected to be the largest near-port logistics development to begin construction in the Southeastern United States in 2025 and will serve as the premier port-centric logistics park on the Eastern Seaboard, according to company representatives. Dermody has selected Bill Sparks and Preston Andrews of CBRE to handle leasing at Port Wentworth Commerce Center. Dermody currently has four projects under construction in the Southeast region and more than 1.5 million square feet available for lease.

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8911-Vernon-Rd-Lake-Stevens-WA
AcquisitionsIndustrialSelf-StorageWashingtonWestern

Spartan Investment Group Buys 403-Unit Self-Storage Facility in Lake Stevens, Washington

by Amy Works

LAKE STEVENS, WASH. — Colorado-based Spartan Investment Group has acquired a self-storage facility in Lake Stevens for an undisclosed price. Located at 8911 Vernon Road, the property features 161 units of climate-controlled storage and 242 units of non-climate-controlled storage. Spartan will invest $225,000 in upgrades and expanded amenities to improve curb appeal and modernize security. The self-storage facility was originally constructed in 1999.

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AcquisitionsIllinoisIndustrialMidwest

Venture One Acquires 42,224 SF Industrial Building in Niles, Illinois

by Kristin Harlow

NILES, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 42,224-square-foot industrial building in the Chicago suburb of Niles. Located at 7777 Merrimac Ave., the single-tenant property was fully leased at the time of sale. Constructed in 1964, the facility sits on 2.4 acres and features two docks and parking for more than 89 cars. Bill Lussow of Bespoke Commercial Real Estate represented the undisclosed seller. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

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RoadOne IntermodaLogistics
DevelopmentIndustrialSoutheastVirginia

IRG Completes 227,500 SF Warehouse in Suffolk, Virginia for RoadOne IntermodaLogistics

by Abby Cox

SUFFOLK, VA. — Los Angeles-based Industrial Realty Group (IRG) has completed a 227,500-square-foot warehouse and transload facility in Suffolk for RoadOne IntermodaLogistics, an intermodal and logistics user based in Massachusetts. Located near the Port of Virigina, the project features 99 dock doors, 17 acres of trailer space and more than 1,000 stalls for trailer parking. The site is also fully fenced, protected by video surveillance and equipped with electric forklifts and yard jockeys.

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Company NewsIndustrialTexas

Texas Instruments Plans $60B Investment in U.S. Semiconductor Manufacturing Facilities

by Taylor Williams

DALLAS — Texas Instruments (TI) (NASDAQ: TXN) plans to invest more than $60 billion in U.S. semiconductor manufacturing facilities, an initiative that is expected to support more than 60,000 new and existing American jobs. The capital allocation will impact seven U.S. semiconductor “fabs,” or fabrication plants at which silicon wafers and other critical hardware components are produced, across three manufacturing mega-sites in Texas and Utah. A significant portion of the investment is earmarked for TI’s existing semiconductor fabs in the North Texas city of Sherman, the first of which will begin production this year after being under construction for the past three years.

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Fordham-Park-Robotic-Logistics-Campus-Wilmington-Massachusetts
IndustrialLoansMassachusettsNortheast

JLL Arranges $92M in Financing for Industrial Park in Wilmington, Massachusetts

by Taylor Williams

WILMINGTON, MASS. — JLL has arranged $92 million in financing for the three-building, 393,911-square-foot Fordham Park Robotic and Logistics Campus in the northern Boston suburb of Wilmington. The campus spans 40.1 acres and features high-bay research and development, robotics and distribution space. The park was fully leased at the time of sale to credit tenants in the e-commerce, warehouse automation/robotics and semiconductor equipment/industrial automation industries. Tom Sullivan led the JLL team that arranged the five-year loan through M&T Bank on behalf of the borrower, Carlisle Capital Corp.

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AcquisitionsIndustrialNew YorkNortheast

Commercial Development Co. Buys 237,480 SF Former Manufacturing Plant in Auburn, New York

by Taylor Williams

AUBURN, N.Y. — An affiliate of St. Louis-based Commercial Development Co. has purchased the 237,480-square-foot former Bombardier manufacturing plant in Auburn, located outside of Syracuse in upstate New York. The 15-acre facility was originally built in 1886 to produce diesel engines and rail transportation equipment and includes several structures that were built in the 1940s. The facility features clear heights of 45 to 60 feet and is equipped with 12 overhead crane ways. Additionally, the property is fully paved and fenced with power-ready infrastructure in place. The new ownership will evaluate the existing buildings and retain or redevelop portions of the property based on market analysis.

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