RENO, NEV. — Metcalf Builders has broken ground on East Building 6 at Comstock Commerce Center, a logistics property owned by Locus Development Group. Slated for completion in fourth-quarter 2025, East Building 6 will offer 475,880 square feet of bulk industrial space designed to meet the needs of modern logistics and manufacturing space. The $24 million project is located within Tahoe Reno Industrial Center.
GARDEN GROVE, CALIF. — Marcus & Millichap has arranged the acquisition of a restaurant property located at 10901 Garden Grove Blvd. in Garden Grove. The Fouladinejad Family Trust purchased the asset from CY Investment LLC for $2.3 million. Sheila Alimadadian of Marcus & Millichap represented the buyer, while Mie Kim of Coldwell Banker Realty represented the seller in the deal. Taco Bell occupies the 2,527-square-foot building, which was built in 2019, with more than 19 years remaining on the original lease.
FONTANA, CALIF. — Loma Linda University Children’s Hospital has inked a 10-year lease to occupy 8,400 square feet of sub-anchor space at 16874 S. Highland Road within Highland Village in Fontana. Slated to open in early 2026, the location will provide basic pediatric urgent care services for patients age 0-21, including treatment for minor illnesses such as coughs, colds, flus, fever, sprains and other non-emergency medical conditions. Paul Su of Progressive Real Estate Partners represented the landlord, while Lon Mapes of LDM Commercial represented the tenant in the transaction.
EAGAN, MINN. — Oppidan Investment Co. has broken ground on a 61,000-square-foot data center on Argenta Trail, south of the YMCA property in the Minneapolis suburb of Eagan. The project marks one of only two ground-up data center developments currently underway in Minnesota, according to Oppidan, which is serving as the landlord and directly financing, developing and delivering the facility in partnership with a tenant. Completion is slated for 2026. Project partners include the City of Eagan, Minnesota Department of Employment and Economic Development, Dakota County, Greater MSP, Dakota Electric Association and Great River Energy. Gardner Builders is the general contractor, ERA Associates is the structural engineer, Stantec is the civil engineer, Salas O’Brien is the architect and States Manufacturing is the electric equipment supplier.
HAWTHORN WOODS, ILL. — After holding a 20-acre land parcel for more than 15 years, a private real estate investment group led by land developer Jonathan Berger of Berger Asset Management has unveiled new zoning and development plans for Hawthorn Woods Town Center. Berger worked with the Village of Hawthorn Woods on the revised plans for the site, which is located at the intersection of Old McHenry and Midlothian roads in the northern Chicago suburb. The original zoning of the property required 300-foot setbacks. Berger secured 30-foot setbacks, which are typical in most retail properties. The village has also indicated a willingness to incentivize grocery stores, including small-store footprints. Additionally, the rerouting of traffic under railroad tracks, once complete, will serve to more directly and conveniently connect the Hawthorn Woods Town Center site to the village’s community park. Berger originally acquired 40-plus acres in two distressed 20-plus-acre land parcels in Hawthorn Woods in 2009-2010, intending to act as an opportunistic land developer. In late 2019, Berger sold the site on the south side of Old McHenry Road to K. Hovnanian, a Dallas-based residential developer that built 70 homes. While assuming the position of a traditional land developer, Berger is not …
CHAMPAIGN, ILL. — Interra Realty has arranged the sale of a 102-unit, five-building multifamily portfolio in Champaign for $5.9 million. Constructed in 1970, the apartment properties are located on West Francis Drive and North McKinley Avenue. There is also one single-family house included in the portfolio. The assets are located three miles from the University of Illinois Urbana-Champaign campus. Michael Duckler of Interra represented the confidential buyer in the off-market transaction.
COLUMBUS, OHIO — Marcus & Millichap has brokered the $3.2 million sale of a retail property occupied by Texas Roadhouse in Columbus. Texas Roadhouse has a new 10-year triple-net lease and has operated at the site for more than 20 years. Located at 5870 Carnaby Way, the 2.2-acre property sits just off I-270. Jordan Klink and Kahlil Barnard of Marcus & Millichap represented the seller, Solid Ground LLC. Chris Lind, Mark Ruble and Zack House of Marcus & Millichap procured the buyer, a Delaware-based limited liability company.
LANSING, MICH. — A local nail salon and spa has leased 2,000 square feet of retail space to open a new location at Southwind Plaza in Lansing. The Kroger-anchored property is located at the southeast corner of South MLK Junior Boulevard and West Holmes Road. Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord.
SEATTLE — Amazon (NASDAQ: AMZN) plans to invest “at least $20 billion” in future cloud computing and artificial intelligence (AI) innovation campuses in Pennsylvania. The Seattle-based e-commerce giant has identified Salem Township in Luzerne County and Falls Township in Bucks County as the first communities that will host these campuses, with other Pennsylvania communities also under consideration. “I’m proud to announce that we have secured the largest private sector investment in the history of Pennsylvania,” said Pennsylvania Gov. Josh Shapiro. “Pennsylvania is competing again.” Upon completion, the campuses will house data centers with computer servers, data storage drives, networking equipment and other technology infrastructure used for cloud computing capabilities and generative AI. Specific details about the sites and construction timelines were not released. Last week, Amazon made a similar announcement for a $10 billion data center innovation campus in Richmond County, N.C., which followed an $11 billion investment in Georgia that Amazon announced in January. Amazon stated that the Pennsylvania investment will create at least 1,250 new jobs, as well as thousands of jobs in the Amazon Web Services (AWS) data center supply chain. The new jobs will range from data center engineers and network specialists, to engineering operations managers, security …
CHARLOTTE, N.C. — Tariffs are at the forefront of the U.S. economic landscape as they impact costs and timelines for a multitude of industries. For the industrial real estate sector, developers and tenants alike are monitoring the severity at which tariffs can complicate their everyday business activity, thus economic development officials are playing a crucial role in helping companies mitigate those costs and delays. “A lot of our business comes down to reducing risks for companies,” said Melissa Smith, senior vice president of the Economic Development Partnership of North Carolina. “There’s a lot of scrambling due to tariffs. They make already challenging deals even more challenging. We have to be ready to help [companies] navigate through these challenges so that they can make a successful decision.” 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. Smith’s comments came on the opening night of InterFace I-85 Industrial Corridor, a two-day networking and information event held at the Hilton Charlotte Uptown hotel on May 19-20. Brian Young, senior director of Cushman & Wakefield’s Greenville office, moderated the discussion called …