Industrial

Steel Peak Acquires Industrial Outdoor Storage Property in Salt Lake City for $7.6M

by Amy Works May 28, 2025

SALT LAKE CITY — Steel Peak has purchased an industrial outdoor storage (IOS) property located at 1876 W. Fortune Road in Salt Lake City from Stalsberg Properties for $7.6 million. Philip Eilers of Cushman & Wakefield represented the buyer, while Charlie Davis of Cushman & Wakefield represented the seller in the transaction. Situated on 5.4 acres, the asset consists of two warehouse buildings totaling 31,460 square feet. The zoning allows for various industrial uses, including outdoor storage, commercial parking, contractor yards, heavy equipment, tire distribution/retail, truck freight terminals, auto and truck repair, industrial services and sales, and railroad repair/rail freight terminals.

May 28, 2025

Acquisitions Industrial Northeast Pennsylvania

Greek Real Estate Buys 141,276 SF Logistics Facility in Croydon, Pennsylvania

by Taylor Williams May 28, 2025

CROYDON, PA. — Regional investment firm Greek Real Estate Partners has purchased Everest Logistics Park, a 141,276-square-foot facility in Croydon, a northeastern suburb of Philadelphia. Penwood Real Estate Investment Management sold the asset for $36.7 million. Built on 10 acres in 2023, the facility offers a clear height of 36 feet, 20 tailgate doors, one drive-in door, 3,000 square feet of office space and parking for 260 cars and 31 trailers. Burry Klein and Josh Chesner of Branch Industrial represented Greek Real Estate, which has also executed a full-building lease expansion with the existing tenant, Philadelphia-based PCI Pharma, in the off-market transaction.

May 28, 2025

Industrial Loans New Jersey Northeast

JLL Arranges $16.8M in Acquisition Financing for Central New Jersey Industrial Property

by Taylor Williams May 28, 2025

HAMILTON, N.J. — JLL has arranged $16.8 million in acquisition financing for a 138,852-square-foot industrial property in the Central New Jersey community of Hamilton. Built in 1990 and renovated in 2024, the facility sits on a 13.6-acre site at 861 Sloan Ave. and features a clear height of 38 feet and 13 dock doors with the capacity to add five more, as well as parking for 210 cars and 10 trailers. Jon Mikula, Jim Cadranell and Kevin Badger of JLL arranged the loan through Prime Finance on behalf of the borrower, a joint venture between Lincoln Property Co. and Ullico Investment Advisors.

May 28, 2025

Development Florida Self-Storage Southeast

Spartan Investment Group Opens 660-Unit Self-Storage Facility in Central Florida

by John Nelson May 27, 2025

GRAND ISLAND, FLA. — Spartan Investment Group has opened FreeUp Storage Eustis, a 660-unit self-storage facility located at 36536 S. Fish Camp Road near Lake Eustis in Grand Island, about 47 miles northwest of Orlando. Spartan Construction Management, a general contractor affiliate of the Colorado-based developer, broke ground on the facility in June 2024. FreeUp Storage Eustis features 340 climate-controlled units and 266 non-climate-controlled units across nearly 67,000 rentable square feet.

May 27, 2025

California Development Industrial Western

Outrigger Industrial, MetLife Investment to Develop Kennedy Logistics Center in Oakland

by Amy Works May 27, 2025

OAKLAND, CALIF. — Outrigger Industrial, in partnership with MetLife Investment, has unveiled plans to redevelop a property at 727 Kennedy St. in Oakland into Kennedy Logistics Center. Construction is slated to begin in third-quarter 2025 with a completion date of second-quarter 2026. The initial phase of construction involves the reduction of the existing building footprint by 57,000 square feet to allow for loading dock reconfiguration — 30 new dock-high positions along with a 130-foot truck court. The 177,000-square-foot upgraded building will include numerous structural re-enforcements and visual enhancements, including new structural columns, a clear height of 32 feet, updating existing building systems to meet current codes compliance and creating a dedicated office space. The building is located immediately adjacent to the Interstate 880 between Port of Oakland and OAK Airport.

May 27, 2025

Acquisitions California Industrial Western

MSI Computers Corp. Buys 200,000 SF Industrial Property in City of Industry, California

by Amy Works May 27, 2025

CITY OF INDUSTRY, CALIF. — MSI Computers Corp. has acquired an industrial property located at 18045 Rowland St. in City of Industry from LINK for $65.2 million, or $326 per square foot. Built in 1985, the 200,000-square-foot asset features a clear height of 26 feet, 18 dock-high loading doors, two grade-level doors and a newly constructed 4,735-square-foot office build-out. Additionally, the property offers a private, fenced yard that can accommodate 60 trailers and 56 autos. Jason Chao of CBRE represented the buyer in the transaction.

May 27, 2025

Acquisitions California Industrial Office Western

BH Properties Acquires 110,669 SF Office, R&D Building in Silicon Valley

by Amy Works May 27, 2025

SAN JOSE, CALIF. — BH Properties has expanded its Bay Area footprint with the acquisition of 2125 O’Nel Drive, a Class A office and research-and-development building located in North San Jose. The recently renovated two-story building offers visibility along Highway 101 and is situated minutes from Mineta San Jose International Airport. Originally built in 1985 and modernized in 2022, the 110,669-square-foot building features a remodeled contemporary lobby, cafe-style kitchen with a NanaWall system, expanded glass lines, new exterior landscaping with outdoor collaborative areas and upgraded building systems. Andy Zighelboim, Kevin Moul, Brad Idleman and Bob Giley of Colliers represented the seller, while Peter Horn led the acquisition for BH Properties. Terms of the transaction were not released.

May 27, 2025

Acquisitions Industrial Michigan Midwest

MAG Capital Partners Acquires 102,284 SF Manufacturing Facility in Grand Rapids

by Kristin Harlow May 27, 2025

GRAND RAPIDS, MICH. — In a sale-leaseback transaction, MAG Capital Partners has acquired a 102,284-square-foot manufacturing facility in Grand Rapids for an undisclosed price. The seller was an end-of-line automotive testing equipment company that was founded in 1953. The 5.3-acre site houses the largest business within a broader private equity-backed automated industrial test and measurement platform. Phil DiGennaro, Adam English and Jonathan Wolfe of STREAM Capital Partners represented the seller.

May 27, 2025

Acquisitions Illinois Industrial Midwest

DarwinPW Realty/CORFAC International Arranges Sale of 48,005 SF Industrial Building in Metro Chicago

by Kristin Harlow May 27, 2025

MUNDELEIN, ILL. — DarwinPW Realty/CORFAC International has arranged the sale of a 48,005-square-foot industrial building at 933 Tower Road in the northern Chicago suburb of Mundelein. The sales price was undisclosed. Principle Construction built the property in 2004 for the seller, a printing company that is discontinuing its business. The asset features a clear height of 24 feet, two drive-in bays, three exterior dock doors and 72 parking spaces. It houses primarily warehouse space that is suitable for manufacturing or distribution uses along with 4,800 square feet of office space. George Cibula and Dan Prendergast of DarwinPW represented the buyer, Portokali Investments LLC. Collin Tyrrell and Dan Brown of Brown Commercial Group represented the seller.

May 27, 2025

Acquisitions Industrial New Jersey Northeast

NAI DiLeo-Bram Brokers $6M Sale of Northern New Jersey Industrial Building

by Taylor Williams May 27, 2025

UNION, N.J. — NAI DiLeo-Bram has brokered the $6 million sale of a 24,000-square-foot industrial building in the Northern New Jersey community of Union. According to LoopNet Inc., the single-tenant building at 860 Springfield Road was constructed in 1961 and features a clear height of 16 feet and four dock-high loading doors. Richard Goski and Catherine Goski-Vasquez of NAI DiLeo-Bram brokered the deal. The buyer and seller were not disclosed.

May 27, 2025

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