Thursday, April 9, 2026
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Industrial

DevelopmentIllinoisIndustrialMidwest

Krusinski Completes Construction of Chariot Logistics Center in Melrose Park, Illinois

by Kristin Harlow

MELROSE PARK, ILL. — Krusinski Construction Co. has completed Chariot Logistics Center in Melrose Park, a western suburb of Chicago. The developer was Ridgeline Property Group. The three-building, 623,000-square-foot project is situated on the site of the former Maywood Park Racetrack, a horse racing venue that closed in 2015. All three buildings were leased to an e-commerce tenant prior to completion. Building 1 totals 236,000 square feet, Building 2 spans 252,000 square feet and Building 3 totals 135,000 square feet. Each building has a clear height of 32 feet. Demolition and site work took approximately six months. Krusinski also built new infrastructure elements, including roads, detention ponds, water mains, stormwater systems and utility lines. The project team included Harris Architects, Progressive AE and Kimley Horn.

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AcquisitionsIndustrialMidwestWisconsin

Likewise Partners Buys Metro Milwaukee Industrial Property for $3.7M

by Kristin Harlow

FRANKLIN, WIS. — Likewise Partners LLC has purchased a 54,833-square-foot industrial facility located at 9720 S. Oakwood Park Drive in Franklin, a southern suburb of Milwaukee. The purchase price was $3.7 million. The building features a clear height of 24 feet and is located within the 4.5 million-square-foot Franklin Business Park. Constructed in 2000, the facility is fully leased to four tenants. Adam Matson and Travis Tiede of Newmark represented Likewise in the transaction. Raymond Zanca and Scott Modelski of Black Bear Capital Partners arranged acquisition financing. The acquisition marks the first purchase in Wisconsin for Minneapolis-based Likewise, which targets industrial investment and development in Midwest markets.

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CaliforniaDevelopmentIndustrialRestaurantRetailWestern

Shasta Management to Open 100-Acre Cannabis Retail, Manufacturing Project in Imperial County

by Amy Works

HEBER, CALIF. — Shasta Management has signed a long-term lease for 100 acres of mixed-use space at the northeast corner of State Route 111 and East Heber Road in Imperial County’s Heber. The company plans to open a cannabis campus on the site with retail and manufacturing space. The first phase of the complex is scheduled to open in mid-June with a 9,000-square-foor retail center, including two 2,000-square-foot retail dispensaries along with a 5,000-square-foot consumption lounge and restaurant. The adult-only consumption lounge will feature a high-end glass shop, lounge areas, 85-inch TVs, gaming stations and vibe centers. Cannabis concierges will assist guests with purchases and products, as well as offer tasting flights and product education. Upon completion, the campus will be a fully integrated cannabis space with two indoor cultivation centers, totaling 37,000 square feet, and six greenhouse cultivation centers, totaling 60,000 square feet. The second phase, slated to open this fall, will include a 3,300-square-foot distribution center, 3,000 square feet of manufacturing space and several 25,000-square-foot greenhouses. Additionally, an adjacent building will house a quick-service restaurant, liquor lounge and a full-service restaurant. The campus’s name and branding, along with additional tenants, will be announced at a later date.

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Clorox Co. Lease
IndustrialLeasing ActivitySoutheastWest Virginia

Equus Capital Signs Clorox to 580,000 SF Build-to-Suit Warehouse Lease in Martinsburg, West Virginia

by Julia Sanders

MARTINSBURG, W.VA. — Equus Capital Partners Ltd. has signed a 10-year, build-to-suit lease agreement with subsidiaries of The Clorox Co. for a 580,000-square-foot warehouse space within the Mid-Atlantic 81 Logistics Park in Martinsburg. The new warehouse is expected to come on line in spring 2022. Clorox is currently constructing a manufacturing facility for its Fresh Step cat litter brand approximately one-third of a mile from Mid-Atlantic 81 Logistics Park. Additionally, there are two Kingsford manufacturing plants located in West Virginia. Clorox will store and distribute the products from the new Martinsburg facility. Mid-Atlantic 81 Logistics Park is situated on 150 acres off Tabler Station Road along the Interstate 81 corridor in Berkeley County, approximately 85 miles west of Washington, D.C. The warehouse and distribution building will feature 36-foot clear heights, cross docks, all-concrete truck courts, an ESFR sprinkler system, LED lighting, a 7-inch concrete floor and will be expandable to 868,000 square feet. Brad Metzger and Liz Roberts of Cresa represented Clorox in the lease transaction, and John Lesinski and Ben Luke of Colliers International represented Equus, a Philadelphia-based developer and private equity real estate fund managing firm. In 2018, Equus developed a 356,000-square-foot warehouse for Proctor & Gamble at …

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CubeSmart-Bee-Cave
AcquisitionsIndustrialSelf-StorageTexas

JLL Negotiates Sale of 645-Unit Self-Storage Facility in Metro Austin

by Taylor Williams

BEE CAVE, TEXAS — JLL has negotiated the sale of CubeSmart – Bee Cave, a 645-unit self-storage facility located on the western outskirts of Austin. The property opened in September 2019 and consists of 590 climate-controlled units and 55 non-climate-controlled drive-up units. Brian Somoza and Steve Mellon of JLL represented the seller, an affiliate of locally based developer Endeavor Real Estate Group, in the transaction. The buyer, New York City-based investment firm The Pegasus Group, will manage the property under its Central Self Storage flag.

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IndustrialLeasing ActivityTexas

Dahill Office Technology Signs 40,000 SF Industrial Lease in Coppell, Texas

by Taylor Williams

COPPELL, TEXAS — Dahill Office Technology Corp., a San Antonio-based distributor of office machinery, has signed a 40,000-square-foot industrial lease at 820 W. Sandy Lake Road in Coppell. According to LoopNet Inc., the property was built in 2006. Andrew Gilbert and Keaton Brice with Holt Lunsford Commercial represented the landlord, Coppell Trade Center LP, in the lease negotiations. Thomas McGovern of JLL represented the tenant.

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DevelopmentIllinoisIndustrialMidwest

IDI Logistics Plans to Build 178,000 SF Industrial Facility on Nearly 12-Acre Site in Chicago

by Kristin Harlow

CHICAGO — IDI Logistics has purchased an 11.7-acre land site located at 3700 S. Morgan St. in Chicago’s Stockyards Industrial Park. The purchase price was undisclosed. IDI plans to build a 178,000-square-foot industrial facility on the site with parking for 212 cars. Completion is slated for the second quarter of 2022. The site provides convenient access to I-55, I-290 and I-90, and is within four miles of the BNSF Intermodal. Matthew Stauber, Evan Djikas, Tom Rodeno and Patrick Turner of Colliers International represented the seller, Joslyn Manufacturing Co., which is a subsidiary of Danaher Corp. IDI has retained Colliers to market the new development for lease.

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IndustrialMarket ReportsMidwestMidwest Market ReportsNebraskaOfficeRetail

Solid Fundamentals Uphold Lincoln Real Estate Market

by Kristin Harlow

By Tom Graf, NAI FMA Realty Over the past decade, Lincoln has experienced sustained growth and earned a reputation as a place to be in the Midwest. Its low unemployment, stable economy, low cost of living, prospering tech scene as well as lifestyle and entertainment fitting of a big city with the feel of a small community has insulated Lincoln better than many cities of its size. Perhaps this is most compelling with the number of cranes spotted in the skies back in 2008 and again in 2020. Just as many cities were struggling, Lincoln built its way out of the Great Recession in 2008 and 2020 was no exception. Retail Throughout the economic uncertainty brought on by the COVID-19 pandemic, Lincoln’s retail landscape fared well with vacancy holding at 7.1 percent for the year in 2020. New construction was active throughout the market despite store closures and bankruptcies making the national headlines. For some opportunistic retailers, vacant spaces opened the door to take advantage of the market and negotiate better terms for new locations. Retailers thriving in today’s market are the “daily needs” retailers — grocery, home improvement and discount concepts. Some niche online businesses, which have grown through …

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Theory-Wellness-Bridgewater-Massachusetts
FeaturesIndustrial

Flower Power: Commercial Architecture & Cannabis Facilities

by Taylor Williams

By Jennifer Luoni, director of operations and architecture, and Lauren Nowicki, chief communications officer, Dacon Corp. From cultivation to curing, manufacturing cannabis is an exacting art that requires a careful, calibrated approach from selection, atmospheric, extraction and curing perspectives. The rapid rise in proposed health benefits from cannabis products has sparked interest in both pharmacological properties and extraction of phytocannabinoids. Former, free-flowing growing methods of the 1960s have been replaced with an exacting discipline amalgamating scientific rigor with natural farming practices and technological innovation. While seemingly antithetical in principle, this shift can result in a profitable, high-growth business model.  Science Mimicking Nature Cultivation rooms — whether for leaves or flowers — are designed to mimic seasons via extensive control systems. High-growth rooms, such as those for leaves, create temperature and hydration conditions that simulate the summer climate. This is designed for volume production with leaf propagation stimulated within one month. Set between 70 to 80 degrees Fahrenheit, plants are exposed up to 18 hours of light and watered by pressure compensated drippers so that irrigation systems deliver oxygen directly to roots. For labs dedicated to flower cultivation, environmental conditions mimic autumn, with growth cycles falling between 60 to 70 days …

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Mesquite-635
DevelopmentIndustrialTexas

Creation Equity, Crow Holdings to Develop $60M Industrial Project in Mesquite, Texas

by Taylor Williams

MESQUITE, TEXAS — The City Council of Mesquite, located east of Dallas, has passed a resolution to approve terms and conditions for the development of a $60 million industrial project that will be known as Mesquite 635. A partnership between Phoenix-based investment and development firm Creation Equity and a fund advised by Crow Holdings Capital is developing the 555,000-square-foot project. Mesquite 635 will be situated about 11 miles east of Dallas at the southeast corner of Interstate 35 and U.S. Highway 80 and will consist of two rear-load buildings and one front-load building. LGE Design Group and its affiliate, LGE Design Build, are respectively serving as the architect and general contractor for the project. Construction is expected to begin in the fourth quarter and to be complete by late 2022/early 2023.

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