ST. LOUIS — Procter & Gamble (P&G) has expanded operations in St. Louis, investing $180 million and creating 100 new jobs. P&G’s St. Louis facility has been in operation for nearly a century and produces brands including Cascade, Mr. Clean and Febreze. The company’s expansion includes the addition of new equipment and a new warehouse at its existing St. Louis riverfront location, the conversion of an existing warehouse to a manufacturing facility and the construction of a new office building. MilliporeSigma has unveiled plans to invest $76 million and create 170 new jobs in St. Louis. This investment will triple the company’s manufacturing capacity for antibody drug conjugates for cancer treatment at the Bioconjugation Center of Excellence.
EDISON, N.J. — A partnership between Dallas-based investment firm Dalfen Industrial and funds advised by affiliates of Centerbridge Partners LP has purchased a 1.8-acre industrial outdoor storage (IOS) facility in the Central New Jersey community of Edison. The facility at 83 Gross Ave. houses a 4,500-square-foot building with a clear height of 14 feet. Mark Silverman, Liam McGregor and Elli Klapper of CBRE represented the undisclosed seller in the off-market transaction.
CHICAGO — Colliers has arranged the sale of a 140,310-square-foot distribution center fully leased to Whole Foods Market in Chicago for an undisclosed price. Jeff Devine, Steve Disse and Tyler Ziebel of Colliers represented the seller, Ryan Cos. US Inc. Built in 2017 by Ryan, the property at 716 E. 111th St. services Whole Foods locations in the Chicago area and throughout the Midwest and Canada. Metzler Real Estate advised the buyer, an offshore investor.
WILLOUGHBY HILLS, OHIO — MAG Capital Partners has acquired a 158,484-square-foot specialty food processing facility in Willoughby Hills in a sale-leaseback transaction with Produce Packaging Inc. (PPI). The property, located at 27853 Chardon Road in suburban Cleveland, has served as PPI’s headquarters since 2019. PPI’s $15 million investment in building infrastructure and systems supports multi-temperature/multi-humidity zones. Originally developed as a Sam’s Club, the asset features a clear height of 27 feet, 12 dock doors and four drive-in doors. Phil DiGennaro and Joe DiGennaro of STREAM Capital Partners represented PPI in the transaction.
GAFFNEY, S.C. — Glenstar has completed the first building within Cherokee Commerce Center 85 (CCC-85), a 290-acre industrial park located along I-85 in Gaffney. The new 550,520-square-foot cross-dock facility is the first of five buildings within the park and is expandable up to 1.3 million square feet. The speculative building features 40-foot clear heights, 56- by 50-foot column spacing, 60-foot speed bays, up to 232 dock doors, four drive-in doors, up to 200 megawatts of power within three years of operation and flexible parking. The project team includes capital partners Creek Lane Capital and CrossHarbor Capital Partners, general contractor The Conlan Co., architect Ware Malcomb and civil engineer SeamonWhiteside. John Montgomery, Garrett Scott, Brockton Hall and Dillon Swayngim of Colliers’ Spartanburg, S.C., office are marketing the building on behalf of Glenstar. At full build-out, CCC-85 is slated to comprise 3.6 million square feet of logistics space.
NORTH LAS VEGAS, NEV. — Panattoni Development Co. has completed Nellis Commerce Center in North Las Vegas. The 228,760-square-foot, Class A industrial building features 17 dock doors, 18 additional knock-out panels and 48 trailer parking stalls. The facility also features 36-foot clearance, ESFR fire sprinklers and the ability to accommodate up to two tenants with square footage divisible to approximately 105,700 square feet. Nellis Commerce Center is situated 12 miles from Harry Reid Airport, less than five miles from the I-15 interchange and seven miles from US Highway 95. Panattoni Development Co. developed Nellis Commerce Center, which is being marketed by Sean Zaher, Garrett Toft and Jake Higgins of CBRE.
NASHVILLE, TENN. — FlexEtc, a hybrid office and industrial co-warehousing concept with a few locations out West and in Texas, has completed its build-out at 1133 Polk Ave. in Nashville. Architectural firm Ware Malcomb recently completed the design for the 91,380-square-foot tenant improvement project. DWC Construction was the general contractor, and Colliers served as the client manager. Situated outside of the downtown area, FlexEtc Nashville features contemporary warehouse spaces, with modular units ranging from 3,000 to 2,300 square feet that are suitable for uses ranging from logistics to content creation studios. The location also offers coworking features including private and shared offices, a front reception area, conference room, lounge, break room, kitchen, coffee bar and studio space for photographers and podcasters.
MCKINNEY, TEXAS — Atlanta-based developer Core5 Industrial Partners is underway on construction of a 652,103-square-foot project near the intersection of U.S. Highways 75 and 380 in the northern Dallas suburb of McKinney. The project, which represents Phase III of a larger development known as Core5 Logistics Center at McKinney, will consist of two buildings totaling 492,368 and 159,735 square feet. Holt Lunsford Commercial has been tapped to lease the project, construction of which is expected to be complete in the third quarter.
FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 14,523-square-foot industrial lease in Fort Worth. The space is located within Carter Business Center, a two-building, 120,728-square-foot development located southwest of the downtown area. Thomas Grafton and George Jennings of Holt Lunsford represented the landlord, Cohen Asset Management, in the lease negotiations. Langston Sutcliffe of Partners Real Estate represented the tenant, industrial rubber products manufacturer Garware Fulflex USA Inc.
TEMPE, ARIZ. — Overton Moore Properties, in partnership with Invesco Real Estate, has broken ground on Nextwave Tempe, a Class A industrial project situated on 35.5 acres at the former site of the Big Surf Waterpark in northeast Tempe. Located at 1500 N. McClintock Drive, Nextwave Tempe will feature 689,000 square feet in three divisible buildings that can accommodate tenants from 32,000 square feet to 258,727 square feet. Each building will feature heavy power with expansion, abundant parking, full HVAC in the warehouses, speculative offices and private, secured truck yard areas. Layton Construction is serving as general contractor and HPA Architecture is the architect on record. Nextwave Tempe is slated for delivery in fourth-quarter 2025. John Werstler, Cooper Fratt and Tanner Ferrandi of CBRE are the listing brokers for the project.