Wednesday, September 23, 2026
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Industrial

1-Park-St-Broomfield-CO
AcquisitionsColoradoIndustrialWestern

Tepuy Properties Buys 26,400 SF Industrial Property in Broomfield, Colorado

by Amy Works

BROOMFIELD, COLO. — Tepuy Properties, a real estate syndicator and property management company, has purchased its second asset in Broomfield. The company acquired a single-story industrial building located at 1 Park St. for $1.7 million. Tepuy plans to spend more than $1 million on repairs and improvements at the 26,400-square-foot property, which was built in 1986 and suffered years of neglect due to bankruptcy and lien proceedings. At the time of sale, the property was 54 percent vacant with Shoot Indoors, a public gun range, as the sole tenant. Eric Rutherford of WK Real Estate represented Tepuy, while Joe Krahn of Cushman & Wakefield represented the seller in the deal.

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Wayfair
DevelopmentIllinoisIndustrialMidwestTop Stories

Wayfair Plans 1.2 MSF Fulfillment Center in Metro Chicago, Will Add 250 Full-Time Jobs

by Taylor Williams

ROMEOVILLE, ILL. — Wayfair Inc. (NYSE: W) has announced plans for a 1.2 million-square-foot fulfillment center on a 60-acre tract in Romeoville, located along the Interstate 55 corridor about 30 miles southwest of downtown Chicago. Construction of the facility is scheduled to begin this spring with a projected opening date of mid-2022. The Boston-based online furniture retailer anticipates hiring about 250 people on a full-time basis at the facility, with that figure expected to grow to as many as 500 positions over time. The new facility will be located on Renwick Road near the Lewis University Airport. As part of the development, the Village of Romeoville partnered with Illinois State Sen. John Connor to secure funding for a road extension from Airport Road to Renwick Road. “Our new fulfillment center in Romeoville will enable us to further scale our shopping experience to meet the needs of our rapidly growing customer base in the greater Chicago region and across the U.S.,” says Thomas Netzer, COO of Wayfair. “Online retail continues to be the dominant force in the market today,” adds Romeoville Mayor John Noak. “Facilities such as this are large property and sales tax generators, which provide additional funding to our …

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IndustrialLeasing ActivityTexas

Cargoquin Signs 118,842 SF Industrial Sublease in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — Logistics and foreign trade services firm Cargoquin Inc. has signed a 118,842-square-foot industrial sublease at 810 Nafta Blvd. in the South Texas city of Laredo. Matthew Boltz, Trace Elrod, Garrett Gibbons Jr., Chris Mason, John Beach, Reggie Beavan III, Andy Iversen, Jack Brewer and Chris Mathis of Newmark represented the sublandlord, SL Source Logistics Laredo LLC, in the lease negotiations. Forum CRE represented the subtenant.

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IndustrialLeasing ActivityNAITexas

NAI Partners Negotiates 15,000 SF Industrial Lease in Metro Houston

by Taylor Williams

MISSOURI CITY, TEXAS — NAI Partners has negotiated a 15,000-square-foot industrial lease at 1519 Industrial Drive in Missouri City, a southwestern suburb of Houston. According to LoopNet Inc., the property was built in 2019. Jake Wilkinson and Darren O’Conor of NAI Partners represented the undisclosed landlord in the transaction. The representative of the tenant, logistics firm CW Global, was also not disclosed.

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DevelopmentGeorgiaIndustrialSoutheast

Cottrell to Build $125M Manufacturing Facility in Gainesville, Georgia

by Julia Sanders

GAINESVILLE, GA. — Cottrell, a locally based trailer manufacturer, will build a second manufacturing facility in Gainesville valued at $125 million. The 500,000-square-foot facility will serve as the Cottrell’s North Campus, adjacent to its existing South Campus in Hall County. Cottrell, which specializes in manufacturing trailers that haul cars (or auto haulers), opened its first facility in 1973 at 2125 Candler Road in Gainesville. The company expects land development and facility construction to take 24 to 30 months to complete and plans to break ground during the third quarter of 2021. Certain aspects of production will be transferred to the new North Campus facility when complete, while the existing buildings of the South Campus will be used to support future business growth. Cottrell currently employs more than 1,000 people at its Gainesville facility, and it is looking to hire more after the second facility is built. Kristi Brigman of Georgia Department of Economic Development (GDEcD) represented the Global Commerce Division on this project in partnership with the Greater Hall Chamber of Commerce, the City of Gainesville and Jackson EMC.

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150-Old-New-Brunswick-Road-Piscataway-New-Jersey
IndustrialLeasing ActivityNew JerseyNortheast

Bob’s Discount Furniture Signs 622,230 SF Industrial Lease in Piscataway, New Jersey

by Taylor Williams

PISCATAWAY, N.J. — Bob’s Discount Furniture has signed a 622,230-square-foot industrial lease at 150 Old New Brunswick Road in Piscataway, located in Northern New Jersey. The facility is currently under construction and is expected to be complete this summer. Building features will include 40-foot clear heights, 125 dock doors, 302 automobile parking spaces and 127 trailer parking spaces. Scott Belfer of CBRE represented the tenant in the lease negotiations. Chuck Fern, Thomas Tucci, Frank Truesdell, Jason Barton and Stephen Shoemaker of Cushman & Wakefield, along with internal agents Cait English and Ben Rosen, represented the landlord, Duke Realty.

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500-Pittsburg-Avenue-Richmond-CA
CaliforniaDevelopmentIndustrialWestern

McShane Construction Breaks Ground on 481,500 SF Distribution Center for Black Creek Group in Richmond, California

by Amy Works

RICHMOND, CALIF. — McShane Construction Co. has broken ground for the development of 500 Pittsburg Avenue, an industrial project located in Richmond. Owned by Black Creek Group, the development will feature a 481,500-square-foot distribution center situated on a 34-acre site near the intersection of Pittsburg Avenue and Richmond Parkway. The facility will include concrete tiltwall panel exterior with storefront windows, 36-foot clear heights, 84 truck doors, four drive-in doors, seven-inch concrete slab floors and ESFR sprinklers. For the first phase of the project, McShane completed extensive ground improvements, including wick drains, deep dynamic compaction and grading. The company will also widen Richmond Parkway and Pittsburg Avenue and add turn lanes and traffic signals. HPA is serving as architect of record for the project, which is slated for completion in November 2021.

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GeorgiaIndustrialLeasing ActivityLee & AssociatesSoutheast

Lee & Associates Arranges 589,680 SF Industrial Lease in Braselton, Georgia

by Julia Sanders

BRASELTON, GA. — Lee & Associates’ Atlanta office has arranged a 589,680-square-foot industrial lease at Park 85 Business Park in Braselton. Billy Snowden, Rick Tumlin and Mike Sutter of Lee & Associates represented the tenant, California-based Comptree Inc., in the lease transaction. Bob Currie, Brad Pope and Reed Davis of JLL represented the landlord, Los Angeles-based CBRE Global Investors. The newly built facility is located at 1380 Jesse Cronic Road in Atlanta’s I-85 Northeast submarket. This is the third Atlanta facility for Comptree, which specializes in the acquisition and distribution of furniture, outdoor accessories and printer media. The company supports e-commerce via websites Meritline and ABCink.

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DevelopmentIndustrialLoansNew JerseyNortheast

JLL Arranges Construction Loan for 171,000 SF Industrial Project in Central New Jersey

by Taylor Williams

HAMILTON TOWNSHIP, N.J. — JLL has arranged a $12.6 million construction loan for 130 Commerce Center, a 171,000-square-foot speculative industrial project that is a redevelopment of a retail strip center in Central New Jersey’s Hamilton Township. Slated for a third-quarter completion, the property will feature 36-foot clear heights and 50 trailer parking stalls. Michael Klein and Max Custer of JLL arranged the floating-rate financing through an undisclosed lender on behalf of the borrower, a partnership between Penwood Real Estate Investment Management LLC and Metrix Real Estate Services LLC.

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AcquisitionsConnecticutIndustrialNortheast

Marsilio Group Sells 60,353 SF Distribution Center in Stratford, Connecticut

by Taylor Williams

STRATFORD, CONN. — Locally based investment firm The Marsilio Group has sold a two-building, 60,353-square-foot distribution center in Stratford, located in the southern part of the state. The property was built on 3.8 acres in 1952 and is leased to four tenants, including anchor tenant FedEx. Colin Couch of Stan Johnson Co. represented the seller in the transaction. Dave Richard of Colliers International represented the buyer, a New York-based 1031 exchange investor. The deal traded for $6.1 million at a cap rate of 6.8 percent.

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