HOUSTON — Partners Real Estate has brokered the sale of a 64,881-square-foot industrial building that was constructed on a speculative basis in South Houston. According to LoopNet Inc., the building at 510 S. Sam Houston Parkway E sits on a 4.7-acre site and was completed last year. Travis Land and A.J. Williams of Partners represented the seller in the transaction. Chase Spence and Jeff Peltier of Colliers represented the buyer. Both parties requested anonymity.
FAIRFIELD, N.J. — Regional investment firm Ridgecut Road has purchased a 5.8-acre industrial outdoor storage (IOS) facility in the Northern New Jersey community of Fairfield. The property address was not disclosed. The facility features a 35,000-square-foot warehouse and maintenance facility with 26- to 30-foot clear heights and three oversized drive-in doors, as well as a two-story, 10,000-square-foot office building. Nicholas Stefans and Jason Lundy of JLL brokered the sale of the property. Michael Klein, Max Custer and Kevin Badger, also with JLL, arranged an undisclosed amount of acquisition financing for the deal.
CHARLOTTE, N.C. — A joint venture between Trinity Capital and a real estate fund advised by Crow Holdings plans to develop Graham Park CLT, a 171,920-square-foot speculative industrial facility located on a 17.3-acre site at 2241 Graham Park Drive in Charlotte. Tom Tropeano, Chris Loyd and Gray Gaines of Avison Young represented the seller, an entity doing business as Graham Park Ventures LLC, in the $6.2 million land sale to the development team. United Bank is providing an undisclosed amount of construction financing. Edifice Construction is the general contractor for Graham Park CLT, which is expected to break ground in the third quarter and wrap up construction in third-quarter 2026. The development will include concrete tilt-wall construction, 32-foot clear heights, ESFR sprinklers, dock-high and grade-level loading doors and a two-acre dedicated industrial outdoor storage area. Trinity Capital and Crow Holdings have selected Avison Young’s Tropeano, Gaines and Henry Lobb to handle the leasing assignment at Graham Park CLT.
ATLANTA — CP Group has executed more than 47,000 square feet of leases at Cumberland Center II, a 421,000-square-foot, 17-story office building in Atlanta’s Cumberland-Galleria office submarket. Jeff Bellamy and Brooke Dewey of JLL represented the Boca Raton, Fla.-based landlord in each transaction. The deals included a 17,300-square-foot lease with C.H. Robinson, a logistics operations firm represented by Tim Wright of Cushman & Wakefield; a 13,200-square-foot lease with Mikart, a pharmaceutical manufacturing company represented by Ryan Hudson of CBRE; a nearly 5,000-square-foot spec suite deal with Young Management and Consulting, a professional services provider represented by Austin Donaldson and Corey Ferguson of T. Dallas Smith; a 3,200-square-foot spec suite deal with Applied Economics, a financial services firm represented by Henry Kreimer and Dan Granot of Savills; a 2,300-square-foot lease for a spec suite with Setty, an engineering consulting firm represented by Jody Selvey and Meredith Selvey of Colliers; and a 6,200-square-foot expansion for spec suite space with JM Huber, a national producer of consumer and industrial products. CP Group recently completed a major capital improvements program at Cumberland Center II that included a lobby renovation, new tenant lounge and a 100-seat conference facility.
SAN DIEGO — Rexford Industrial has inked a lease with an undisclosed tenant to fully occupy 8888 Balboa Avenue in San Diego’s Kearny Mesa submarket. The Class A distribution facility offers 111,706 square feet of warehouse space, 11,786 square feet of two-story office space, 20 dock-high loading positions, a clear height of 36 feet, ESFR sprinklers, concrete paving throughout the loading and yard area, and multiple access points with gated entry/exit and fencing. Evan McDonald, Mark Lewkowicz and Tucker Hohenstein of Colliers represented Rexford, while Wills Allen and Mike McQuaid of Newmark represented the tenant in the transaction.
FLINT, MICH. — Bernard Financial Group (BFG) has arranged a $23 million loan for the refinancing of a 328,770-square-foot industrial facility in Flint. Joshua Bernard of BFG arranged the loan on behalf of the borrower, Flint Commerce Center 1 LLC. A life insurance company provided the loan.
CICERO, ILL. — CRG has begun development of The Cubes at Cicero, an 85,680-square-foot speculative industrial facility in Cicero, just west of Chicago. The project at 5401 W. Roosevelt Road will feature a clear height of 32 feet, 16 dock-high loading doors, two drive-in doors and approximately 2,000 square feet of office space. Thomas Rodeno, Patrick Turner and Sean Austin of Colliers will market the development for lease. DSI is the general contractor. Lamar Johnson Collaborative, CRG’s integrated architecture and design firm, is the project architect.
LAREDO, TEXAS — Partners Real Estate has brokered the sale of a portfolio of three industrial buildings totaling 361,750 square feet in the Rio Grande Valley city of Laredo. The buildings, which are situated on a combined 20 acres at the nexus of interstates 35 and 69, have been fully occupied by the same unnamed tenants since the mid- to late-2000s. Shaffer Braun and Marc Peeler of Partners represented the buyer, Austin-based investment firm Evergen Equity, in the off-market transaction. The seller and sales price were not disclosed.
KENILWORTH, N.J. — Newmark has brokered the $322 million sale of a facility within the Northeast Science & Technology Center, a 107-acre data center and life sciences campus located in the Northern New Jersey community of Kenilworth. Spanning roughly 2 million square feet and formerly owned and occupied by pharmaceutical company Merck, the campus comprises nine buildings with office, lab and research-and-development space, as well as a 50-megawatt substation, cogeneration and chiller plants and a central boiler facility. The buyer, New Jersey-based data center owner-operator CoreWeave, committed last fall to a 280,000-square-foot lease and a larger $1.2 billion investment at the property. The seller, a partnership between Onyx Equities and Machine Investment Group, bought the campus in 2023 for $187.5 million with plans to reposition the property into a life sciences and innovation hub. The Newmark deal team included Andrew Warin, Josh King, Brent Mayo, Doug Harmon and Jordan Roeschlaub. Cushman & Wakefield represented the buyer in the transaction.
SUGAR LAND, TEXAS — Texas Logistic & Fulfillment Services has signed a 299,731-square-foot industrial lease in Sugar Land, a southwestern suburb of Houston. The third-party logistics company will occupy the entirety of the building at 12900 W. Airport Blvd., which according to LoopNet Inc. was constructed in 1998. The facility also features a cross-dock configuration and 11,600 square feet of office space. Joseph Smith and Pearce Martens of CBRE represented the tenant in the lease negotiations. Denver-based Sagard Real Estate owns the property.