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.
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.
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.
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.
LAS VEGAS — Dalfen Industrial has acquired Diablo Logistics Center, a two-building industrial asset located at 5075 and 5175 W. Diablo Drive in Las Vegas. Terms of the transaction were not released. Built in 2002, Diablo Logistics Center offers 143,763 square feet of industrial space that is fully leased to seven tenants. The buildings feature 160-foot truck courts, 24-foot clear heights, a total of 44 dock-high doors and 18 grade-level doors.
SHAWNEE, KAN. — Standard Motor Products Inc. has opened its new distribution center at Heartland Logistics Park Building II in Hunt Midwest’s industrial park in Shawnee. Hunt Midwest built the 574,732-square-foot facility as a spec-to-suit logistics hub. Heartland Logistics Park offers tenants the ability to reach 282 million consumers within two-day shipping, according to Hunt Midwest. The park is located less than a half mile from K-7, which provides access to I-70, I-435 and I-35. Standard Motor Products relocated its Edwardsville, Kan., facility to Heartland Logistics Park. Building II offers 200,000 more square feet than the Edwardsville location and supports more advanced warehouse management technology.
HOUSTON — Stream Realty Partners has broken ground on a 384,509-square-foot industrial project that will be located near the intersection of the Sam Houston Tollway and State Highway 288 in South Houston. Known as Kirby District, the two-building development will consist of a 117,247-square-foot rear-load structure with 32-foot clear heights and a 267,262-square-foot cross-dock structure with 36-foot clear heights. Other building features will include a combined total of 101 dock-high doors and six ramps. Ware Malcomb is the project architect, and E.E. Reed Construction is serving as the general contractor. Halff is the civil engineer, and Stream is also the leasing agent. Completion is slated for the first quarter of next year.
SHEPHERDSVILLE, KY. — CRG and STAG Industrial have broken ground on Park Loop @ I-65, a 500,240-square-foot speculative industrial facility located at 650 Park Loop Road in Shepherdsville. The project is situated on a 42.5-acre site one mile east of I-65 and 20 miles south of Louisville, Ky. Park Loop @ I-65 will feature 40-foot clear heights, 96 dock doors, four drive-in doors, 185-foot-deep truck courts, ESFR sprinklers, LED lighting, trailer storage and parking for 310 vehicles. CRG and STAG Industrial plan to deliver the facility in early 2026. The developers have tapped Alex Grove and Doug Butcher of CBRE to market and lease the project. The design-build team includes Clayco (CRG’s parent company) and Lamar Johnson Collaborative.
WINDSOR, CONN. — JLL has brokered the $25.3 million sale of a 165,625-square-foot warehouse in Windsor, located just outside of Hartford. The building at 105 Baker Hollow Road was completed in 2022 and features 32-foot clear height, 38 loading docks, one drive-in door and parking for 117 cars and 58 trailers. Michael Restivo, David Coffman and Tommy Hovey of JLL represented the seller, a joint venture between Condyne Capital Partners and an account managed by UBS Realty Investors, in the transaction. The buyer was Missouri-based NorthPoint Development.
FREMONT, CALIF. — BKM Capital Partners, on behalf of BKM Industrial Value Fund III, has acquired Hannover Industrial Park in Fremont for $43 million. An undisclosed seller sold the asset in an off-market transaction. Located in Silicon Valley’s I-880 Corridor, the 165,243-square-foot park consists of six buildings housing nine units with an average size of 18,360 square feet. The asset features a 14 percent overall office component, as well as a secured 67,000-square-foot paved yard. At the time of sale, Hannover Industrial Park was 74 percent occupied. BKM plans to invest $1.3 million in targeted capital improvements to reposition the property and drive tenant demand. Upgrades will include exterior paint, signage, landscaping upgrades, LED warehouse lighting and speculative tenant improvements for the three vacant suites. The asset is located at 4755-4900 Hannover Place and 4377 and 43815 S. Grimmer Blvd.
