CONCORD, N.C. — Crescent Communities and AEW Capital Management have sold one of three rear-load industrial buildings within AXIAL Bonds Farm, a newly constructed, 810,000-square-foot industrial campus located in Concord, a northeast suburb of Charlotte. Brian Crutcher and Anne Johnson of CBRE represented the sellers in the transaction. Thomas Hipp of Whiteside Properties represented the buyer, National Kitchen & Bath Cabinetry Inc., which will fully occupy the building. The sales price was not disclosed. The project team for AXIAL Bonds Farm included Merriman Schmitt Architects (architect), Oak Engineering (civil engineer), Landmark Builders (general contractor), AEW Capital Management (equity), Canadian Imperial Bank of Commerce (lender) and CBRE (leasing). AXIAL Bonds Farm spans 70 acres and contains three buildings that measure 414,000, 247,000 and 148,720 square feet. The campus also includes 36-foot clear heights, rear-load configuration, 1,099 car parking spaces and 199 trailer parking spaces.
GILFORD, N.H. — Marcus & Millichap has brokered the sale of Winnipesaukee Self Storage, a 512-unit self-storage facility in Gilford, a northern suburb of Concord. The facility currently spans 39,917 net rentable square feet of entirely climate-controlled space, and permits are in place for an expansion that is planned to more than double the net rentable square footage. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller, an undisclosed regional developer, in the transaction. U-Haul purchased the facility. Thomas Shihadeh of Marcus & Millichap assisted in closing the deal as the broker of record.
BURLINGTON, N.J. — Crow Holdings Development has completed a 294,000-square-foot industrial project in the Southern New Jersey community of Burlington. Known as Crow Holdings at 6A in reference to the nearest turnpike exit, the building features a clear height of 36 feet, 24 dock doors and parking for 75 cars and 19 trailers Crow Holdings at 6A was delivered roughly 50 percent preleased to GMB North America, a subsidiary of global auto parts manufacturer GMB. NAI Mertz and Cushman & Wakefield are co-marketing the remainder of the space for lease.
SAYREVILLE, N.J. — Essex Food Ingredients has signed a 100,500-square-foot industrial lease in Sayreville, located in Central New Jersey. The space is located within Building 1 at Arsenal Trade Center, a three-building, 1.1 million-square-foot development by Trammell Crow Co. and CBRE Investment Management. Mindy Lissner, Mark Zaziski and Pat Decker of Cushman & Wakefield represented the tenant in the lease negotiations. Tom Monahan, Larry Schiffinhaus and Brian Golden of CBRE represented ownership. Essex took occupancy in January.
PERRIS, CALIF. — Newcastle Partners has received $65.1 million in senior construction financing for the development of Ellis Avenue Logistics Center, an industrial project in Perris. Greg Brown, Allie Black and Nick Englhard of JLL Capital Markets secured the floating-rate, five-year (inclusive of extensions) loan through Bank OZK for the borrower. The 631,0011-square-foot warehouse and distribution facility will feature a clear height of 40 feet, an ESFR sprinkler system, 87 dock-high doors, three grade-level doors, 205 trailer parking stalls and 176 auto parking stalls. Construction of the project, which is located at the intersection of Ellis Avenue and Case Road, is slated to commence in early 2026, with completion and stabilization projected for late 2026.
EAST ALTON, ILL. — Graycor Construction Co. and Helmkamp Construction Co. have topped off the EA2030 structure, marking the culmination of the first stage in the $500 modernization and expansion of Wieland’s facility in East Alton near St. Louis. Wieland is a supplier of copper and copper alloy solutions. The multi-phase project began in June 2024. Design partners include Vestal Corp. and Salas O’Brien. The topping off marks the completion of structural steel for EA2030, the new hot rolling facility. The building will house a hot mill line, milling line, cold rolling mill, high-bay storage with automated material handling and overhead cranes, ultimately replacing the site’s original 100-year-old hot rolling facility. Merrill Steel and the United Iron Workers assisted in achieving the milestone. Work continues on the next phase of the project, which focuses on process and equipment.
BRUNSWICK, OHIO — Commonwealth Capital LLC has acquired a net leased industrial facility in Brunswick, about 20 miles southwest of Cleveland. A subsidiary of a confidential, publicly traded company occupies the property. Located at 940 Industrial Parkway North, the build-to-suit facility was constructed in 2024 to serve as an integrated operational hub that combines showroom, office and warehouse space. The tenant provides products and installation to residential and commercial builders as well as the general public in northeast Ohio and western Pennsylvania.
LANCASTER, TEXAS — Developer IAC Properties has broken ground on a 727,080-square-foot industrial project in Lancaster, a southern suburb of Dallas. Known as IAC Pleasant Run, the 52.8-acre development will consist of two buildings that will span 457,646 and 269,434 square feet. The buildings will be situated on a total of 47 acres, and the remaining acreage will be devoted to a detention pond. Combined, the buildings will offer 7,941 square feet of office space, 127 dock doors, four drive-in doors and parking for 532 cars and 201 trailers. Ware Malcomb is the project architect, and Krusinski Construction Co. is the general contractor. Kimley-Horn is the civil engineer and landscape architect. Construction is expected to be complete early next year.
SCHAUMBURG, ILL. — Logistics Property Co. LLC (LogiPropCo) has purchased a 22-acre site in Schaumburg for the development of 390 O’Hare Logistics Park, a 443,160-square-foot industrial property across two buildings. Construction is expected to begin in July. Each 221,580-square-foot building will feature a clear height of 36 feet, 33 docks and parking for 140 cars. The site is within walking distance of the Schaumburg Metra stop and adjacent to a private lot with trailer parking for lease. The location offers immediate access to Route 390 and proximity to the Chicago O’Hare International Airport. Ben Fish and Vince Pergande of LogiPropCo worked with David Haigh and Nick Feczko of NAI Hiffman in sourcing the land. Haigh and Feczko will also serve as the project’s leasing agents. Arete Design Studio is the architect, and Manhard Consulting (Atwell) is the civil engineer. Completion is slated for the third quarter of 2027.
WARREN, MICH. — SRS Real Estate Partners has brokered the sale-leaseback of a single-tenant, 277,425-square-foot industrial facility located at 26661 Lipari Way in Warren. Built in 2006 and situated on 11.7 acres, the property serves as the headquarters and distribution site for Lipari Foods, a wholesale food distributor. Michael Carter and Frank Rogers of SRS represented Lipari Foods in the sale. The buyer was a private investment fund from New York City. Lipari Foods signed a new, corporate-guaranteed 15-year lease. The building features 28,000 square feet of office space and 205,000 square feet of temperature-controlled warehouse space, which includes nearly 23,000 square feet of dock space with a total of 30 dock doors.