Industrial

RMR Group to Develop 477,500 SF Industrial Project in Southwest Philadelphia

by Taylor Williams April 28, 2025

PHILADELPHIA — The RMR Group, an alternative asset management company based in metro Boston, will develop a 477,500-square-foot industrial project in southwest Philadelphia. The site at 8800 Tinicum Blvd. is located across from Philadelphia International Airport, and the development will feature a clear height of 40 feet, ample car and trailer parking and an electrical capacity of 8,000 amps. Construction is expected to begin over the summer and to last 12 to 18 months. Avison Young has been appointed as the leasing agent.

April 28, 2025

Acquisitions Industrial South Carolina Southeast

Atlanta Property Group Buys 173,000 SF Distribution Center in Greenville

by John Nelson April 28, 2025

GREENVILLE, S.C. — Atlanta Property Group (APG) has purchased 6 Shelter Drive, a 173,000-square-foot industrial facility located in Greenville. Situated adjacent to I-85 off the Pelham Road exit, the facility is one of the few infill locations in the area. Constructed in 2004, the property features tilt walls, 32-foot clear heights, 140-foot truck court depths and an ESFR sprinkler system. The building is currently fully leased. The seller and sales price were not disclosed. APG has acquired 15 industrial buildings since 2022 and plans to invest $100 million of equity into existing distribution centers across the Southeast.

April 28, 2025

California Industrial Leasing Activity Western

Lionext Leases 106,110 SF Distribution Facility in Santa Fe Springs, California

by Amy Works April 28, 2025

SANTA FE SPRINGS, CALIF. — Lionext Inc. has signed a deal to occupy a 106,110-square-foot distribution facility in Santa Fe Springs. The 10-year lease is valued at $22 million. Ryan Campbell of NAI Capital Commercial represented the tenant, while Joel Hutak and Phillip De Rousse of Lee & Associates represented the landlord, Kekropia Inc., in the deal. Located at 11650 Burke St., the Class A facility offers a clear height of 32 feet at the first column, 16 dock-high positions, two grade-level doors, approximately 7,000 square feet of office space and a large fenced yard with drive-around truck access. Built in 2011, the building also features ESFR sprinklers, 2.5 percent skylights, 50-foot by 52-foot column spacing and a 200-foot shared concrete truck court. Additionally, the asset is located near 605 Freeway.

April 28, 2025

Illinois Industrial Leasing Activity Lee & Associates Midwest

Simoniz USA Renews 18,013 SF Industrial Lease in Romeoville, Illinois

by Kristin Harlow April 28, 2025

ROMEOVILLE, ILL. — Simoniz USA, a manufacturer of cleaning and maintenance products, has renewed its 18,013-square-foot industrial lease at 1109 Windham Parkway in the Chicago suburb of Romeoville. Jeff Galante of Lee & Associates of Illinois represented the tenant. Prologis, which was self-represented, owns the building.

April 28, 2025

Industrial Loans Texas

Red Oak Capital Provides $9.7M Loan for Refinancing of Industrial Facility in Wichita Falls, Texas

by Taylor Williams April 25, 2025

WICHITA FALLS, TEXAS — Red Oak Capital Holdings has provided a $9.7 million bridge loan for the refinancing of the Panda Biotech High Plains Hemp Gin facility in Wichita Falls, about 115 miles northwest of Fort Worth. Built in 1978 and renovated to the tune of $34 million over the years, the facility comprises seven buildings totaling 472,903 square feet on a 97-acre site. Grant Garlock and Miles Kallial of BMC Capital arranged the loan, which carries a two-year term and a fixed 10.5 percent interest rate, through Red Oak. The new financing allows the sponsor, Panda Biotech CEO Robert Carter, to continue operations at what is projected to be the largest industrial hemp processing facility in the world.

April 25, 2025

Industrial Leasing Activity Texas

SportzBlitz Signs 27,000 SF Lease at Industrial Flex Building in Lewisville, Texas

by Taylor Williams April 25, 2025

LEWISVILLE, TEXAS — SportzBlitz LLC has signed a 27,000-square-foot lease in the North Texas city of Lewisville. The provider of athletic media content is taking space at the industrial flex building located at 1000 Spinks Road, which according to LoopNet Inc. was completed last year. Adam Curran and Harrison Davis of Holt Lunsford Commercial represented the owner, Leila Real Estate LLC, in the lease negotiations. Tomas Wilson of Lee & Associates represented the tenant.

April 25, 2025

Acquisitions Industrial Maryland Southeast

Marcus & Millichap, Lee & Associates Broker $7.8M Sale of Industrial Property in Columbia, Maryland

by John Nelson April 25, 2025

COLUMBIA, MD. — A partnership between Marcus & Millichap and Lee & Associates has brokered the $7.8 million sale of 6822 Oak Hall Lane, a 39,096-square-foot flex industrial property located in Columbia, roughly 20 miles southwest of Baltimore. Built in 1984, the facility was fully leased at the time of sale and offers a mix of office and warehouse space with 18-foot ceilings, as well as dock and drive-in loading. Bob Filley and Arvin Gholamrezae of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both private investors. Lee & Associates had fully leased the property and partnered with Marcus & Millichap in the sale.

April 25, 2025

Civic Development Industrial New York Northeast

Partnership Completes $270M Cargo Handling Facility at JFK Airport in Queens

by Taylor Williams April 25, 2025

NEW YORK CITY — A partnership between The Port Authority of New York and New Jersey, Worldwide Flight Services (WFS) and Annapolis-based transportation real estate investment and management firm Realterm has completed a $270 million consolidated cargo handling facility at John F. Kennedy International Airport in Queens. WFS, the airport’s main cargo handling agency, will operate the 350,000-square-foot facility, which spans 26 acres, replaces two older facilities and brings together operations from four separate cargo zones into a single modernized location. Realterm, which developed the facility via ground lease, specializes in owning and operating airport logistics facilities via a 17 million-square-foot portfolio of such assets across 37 airports. The project was first announced in summer 2021. The new cargo facility features several innovations designed to reduce wait times for truck drivers and minimize queuing outside the facility. These include an advanced truck dock management system that optimizes the flow of goods in and out of the facility, leveraging real-time scheduling, automated check-ins and digital communication between drivers and dock operators. The system automatically allocates the most efficient doors based on the size, type and contents of each delivery and also ensures that trucks arrive only when a dock is available, …

April 25, 2025

Acquisitions Industrial Nevada Western

Panattoni Buys Two Industrial Buildings in Southwest Las Vegas

by Amy Works April 25, 2025

LAS VEGAS — Panattoni Development Co. has purchased two industrial buildings situated on 7.2 acres in southwest Las Vegas. Terms of the transaction were not disclosed. Located at 3300, 3564 and 3515 Birtcher Drive, Southwest Vegas Innovation Center consists of the 138,817-square-foot Building 1, which includes 83,127 square feet of warehouse space and 55,690 square feet of office space, and Building 2, a 9,100-square-foot industrial building with a fenced yard. The property is currently leased to Aristocrat Technologies Inc., a global, publicly traded gaming and tech company based in Las Vegas.

April 25, 2025

North-Canyons-Business-Center-Livermore-CA

California Industrial Loans Office Western

Gantry Secures $15M Acquisition Loan for North Canyons Business Center in Livermore, California

by Amy Works April 25, 2025

LIVERMORE, CALIF. — Gantry has secured a $15 million permanent loan for the purchase of North Canyons Business Center, located at 3025-3095 Independence Drive in Livermore. The six-building business offers 105,000 square feet of industrial and office space. Tony Kaufmann and Joe Foley of Gantry arranged the 10-year, fixed-rate loan for the borrower, a private real estate investor. The loan was structured with one of Gantry’s correspondent insurance company lenders with an interest-only period transitioning to 30-year amortization. Gantry will service the loan. The borrower plans to reposition the asset, including increasing industrial use ratios at the property and activating a leasing program.

April 25, 2025

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