SCHAUMBURG, ILL. — Specialty candy retailer IT’SUGAR has relocated its store at Woodfield Mall in Schaumburg to a 5,600-square-foot storefront, nearly double the size of its previous location. The Woodfield Mall location is the retailer’s fifth store in the Chicago market and offers more than 300 candy bins. Alongside its candy offerings, IT’SUGAR also features immersive candy displays from brands such as Sour Patch Kids, OREO, Nerds, Skittles, Reese’s and Starburst.
MINNEAPOLIS — Kiser Group has expanded into Minnesota by partnering with multifamily broker Robert Dulin to open a new multifamily brokerage office. The firm maintains brokers focused on Illinois, Indiana, Michigan, Ohio and Wisconsin, and this latest expansion broadens the company’s reach across the Midwest. Kiser Group’s transaction volume is in excess of $6 billion in multifamily investment sales since its inception in 2005. Dulin, formerly a director at Cushman & Wakefield, brings 15 years of multifamily brokerage experience to his role as executive director for Kiser’s Minneapolis-St. Paul operations.
ROCKDALE, TEXAS — Industrial development firm Xebec has announced plans for Sandow Lakes, the mixed-use redevelopment of a 33,000-acre industrial park formerly occupied by aluminum manufacturer Alcoa in Rockdale, roughly 25 miles outside of Austin. Built in the early 1950s, the property — which spans 50 square miles — was home to the largest aluminum foundry in the world for decades until it closed its doors in 2008, according to reports from D Magazine. Phase I of the redevelopment, dubbed the Advanced Manufacturing Logistix Campus at Sandow Lakes, will ultimately comprise 35 million square feet of industrial space, including build-to-suit space with flexible clear heights and bay spacing. Development of the first phase of the project began last fall with first move-ins slated to begin in the third quarter of 2026. Xebec will target distribution and manufacturing tenants, including cold storage users, in this initial phase. Further plans for the development include the addition of residential, retail, office and hospitality space connected by a series of lakes. A timeline for the development in full was not announced. The property is located in the Texas Triangle, a region of the state that includes its five largest cities — Austin, Houston, Dallas, Fort …
CHARLOTTE, N.C. — As the clock struck midnight on New Year’s Eve, the 2025-2026 academic year moved further into focus. What can the industry expect to see this year from a preleasing perspective? Are rents expected to keep growing? And by how much? All of these questions and more were discussed during a kick-off panel at the 2024 LeaseCon/TurnCon conference by InterFace Conference Group, which took place this past December in Charlotte. As of Dec. 3, student housing properties across the country were 36.6 percent preleased on average — a 1.3 percent decline from rates seen at the same time in 2023, according to moderator Charlie Matthews, founder and CEO of data provider College House. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Of markets across the United States, the Southeast led the way with the highest preleasing percentage at 43.5 percent. Asking rents have congruently grown by 4.9 percent across the country as of early December, according to Matthews, with average rents at $990. Leading the way in rent growth for the 2025-2026 academic year …
SAN ANTONIO — Denver-based developer Huntington Industrial Partners has broken ground on a 309,086-square-foot speculative project in San Antonio. Known as I-10/I-410 Distribution Center, the two-building development will feature 32-foot clear heights, 180-foot truck court depths, 69 dock doors, four drive-in ramps, an ESFR sprinkler system and parking for 75 trailers and 228 cars. Cushman & Wakefield is the leasing agent. Completion is slated for September.
CEDAR PARK, TEXAS — Holt Lunsford Commercial Investments (HLCI) will develop a 281,040-square-foot industrial project in Cedar Park, a northwestern suburb of Austin. The site spans 22 acres along State Highway 183A, and the development will consist of three rear-load buildings that will total 138,600, 97,200 and 45,240 square feet. Construction is expected to begin before the end of the year and to last about a year.
SELMA, TEXAS — Omega Air, a provider of air-to-air refueling services that serves various branches of the U.S. military, has signed a 147,420-square-foot industrial lease in Selma, a northeastern suburb of San Antonio. The space is located within Corporate Drive Industrial Complex, a newly constructed development that consists of two buildings totaling 511,000 square feet. John Colglazier, Kyle Kennan and Lindsey Tucker of Partners Real Estate represented the landlord, Atlanta-based developer Ackerman & Co., in the lease negotiations. Hank Pruitt of Pruitt Realty represented Omega Air.
FLINT, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of two hospitality properties totaling 116 units in Flint, about 100 miles east of Dallas. Lakeside has 104 rentable units consisting of 96 two-bedroom cabins with an average size of 726 square feet and eight two-bedroom lodges with an average size of with 826 square feet. Wildlakes has 12 units, including duplexes, suites and three-bedroom units. Jon Krebbs and Paul Yazbeck of TMG brokered the deal. The buyer and seller were not disclosed.
FARMERS BRANCH, TEXAS — Lee & Associates has negotiated a 91,520-square-foot industrial lease in the northern Dallas metro of Farmers Branch. According to LoopNet Inc., the building at 12301 Stemmons Freeway was built in 2015 and totals 360,360 square feet. Ally Tanghongs and George Tanghongs of Lee & Associates represented the tenant, E-Future Logistics Inc., in the lease negotiations. Steve Berger of CBRE represented the landlord, Prologis.
SHORT PUMP, VA. — Wafra Inc. has sold Short Pump Station, a 91,369-square-foot shopping center in Short Pump, located roughly 10 miles northwest of Richmond. Nuveen Real Estate acquired the property for nearly $55 million, making the center the investor’s second acquisition in the Richmond metro area. Situated on 147 acres, the retail development is anchored by Trader Joe’s. Other tenants at the property include Ulta Beauty and Petco. John Owendoff of Cushman & Wakefield, along with Catharine Spangler of Cushman & Wakefield | Thalhimer, represented Wafra in the transaction. The New York City-based investor has owned Short Pump Station since acquiring it from a joint venture affiliate of AmCap in 2021. Nuveen has retained Cushman & Wakefield | Thalhimer to lease and manage the shopping center.
