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Industrial news – page 31
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Representative imageTerreno Buys Maryland Industrial Property for $77MTerreno Realty, a publicly traded owner of almost 20 million square feet of industrial real estate across six major U.S. markets, has acquired 3100-3300 Hubbard Road, an industrial property in Landover, Md., for approximately $77.1 million.
Scannell Acquires 130-Acre Buckeye Industrial SiteScannell Properties acquired close to 130 acres off State Route 85 and Southern Avenue in Buckeye from Arizona Land Consulting for $ 32.5 million. Arizona Land Consulting purchased the property in 2024 for $18.3 million.
Lee & Associates Closes $25M Sale of 443K-SF Industrial Building in ElginLee & Associates closed a $24.8 million sale transaction for a 442,601-square-foot industrial building located at 1717 Gifford Drive in Elgin, Illinois.
JLL Arranges Construction Financing for 111,923 SF Industrial Project in North Fort WorthFORT WORTH, TEXAS — JLL has arranged an undisclosed amount of construction financing for Signature 35, a 111,923-square-foot industrial project that will be located in the Alliance submarket of North Fort Worth.
Representative imageTelecommunications Firm Signs 42,000 SF Lease at Flex Building in Richardson, TexasRICHARDSON, TEXAS — ANDREW, a hardware manufacturer for the telecommunications industry, has signed a 42,000-square-foot lease in the northeastern Dallas suburb of Richardson.
JLL Negotiates Sale of 655,852 SF Industrial Portfolio Near Port of VirginiaSUFFOLK AND CHESAPEAKE, VA. — JLL has negotiated the sale of a four-building industrial portfolio situated near the Port of Virginia in the Hampton Roads region of the Commonwealth.
Obrecht Properties Enters North Carolina With Planned 325,550 SF Industrial Development Near Fort BraggFAYETTEVILLE, N.C. — Obrecht Properties LLC has purchased 30 acres adjacent to Fort Bragg, a U.S. military base spanning 160,000 acres in central North Carolina.
Representative imageNewmark Arranges $34.1M Sale of Industrial Facility in East Los Angeles AreaCOMMERCE, CALIF. — Newmark has negotiated the $34.1 million sale of Holland Flower Market, a Class A industrial facility located at 5555 E. Slauson Ave. in Commerce. Jeff Cannon, Sage Segal and Greg Tippin of Newmark represented the undisclosed buyer in the deal.
Aerospace Company Ontic Signs 100K-SF Industrial Lease in South FloridaAerospace company Ontic has signed a major industrial lease in Weston, Fla., Commercial Observer has learned.
Representative imageOutdoor Wireless Networks Signs 42,362 SF Industrial Lease in Richardson, TexasRICHARDSON, TEXAS — Outdoor Wireless Networks LLC has signed a 42,362-square-foot industrial lease in the northeastern Dallas suburb of Richardson. The space sits within Parc North East, a four-building, 434,640-square-foot development.
Representative imageContinental Battery Systems to Open 25,000 SF Headquarters in IrvingIRVING, TEXAS — Continental Battery Systems will open a new, 25,793-square-foot headquarters in Irving. The provider of batteries for the automotive, marine and industrial sectors signed a 10-year lease at 750 N.
Coke Bottler Completes $84M Orlando Warehouse UpgradeCoke Florida has completed an $84 million renovation of an Orlando distribution and bottling center. The 180,000-square-foot facility at 3095 Eunice Ave. was completely gutted and rebuilt to support new state-of-the-art equipment.
Representative imageJP Morgan, Freehill Capital Partners Form Industrial Acquisition Joint VentureJ.P. Morgan continues to push its chips into industrial real estate. Commercial Observer can first report that J.P.
Representative imageJLL Arranges $19.5M Loan for Refinancing of Industrial Building in Westchester CountyCROTON-ON-HUDSON, N.Y. — JLL has arranged a $19.5 million loan for the refinancing of a 118,991-square-foot industrial building in Croton-on-Hudson, located north of New York City in Westchester County.
Partnership Breaks Ground on 809,141 SF Industrial Park in DurhamDURHAM, N.C. — A partnership between Hines and an Ares Real Estate fund has begun construction on Parkside Commerce Center, a four-building industrial park spanning 809,141 square feet in Durham.
CBRE Arranges Sale of Newly Renovated 113K-SF Indiana Industrial PropertyCBRE has arranged the sale of a 112,862-square-foot industrial property located at 3701 S. Main Street in Elkhart, Indiana. Vault Equity Partners purchased the property from Industrial Commercial Properties (ICP).
SVN | Chicago Facilitates Sale of Two-Story Industrial PropertySVN | Chicago Commercial facilitated the sale of an 18,000-square-foot industrial property at 3450 N. Kostner Avenue in Chicago for $1.43 million. Industrial Advisor Tim Newberg represented the seller in the transaction.
CRG Offloads 1.2M-SF Building at Massive Mesa Warehouse FacilityCRG has sold Building C at The Cubes at Mesa Gateway, a 1.2-million-square-foot warehouse. The build-to-suit warehouse is fully leased to Lowe’s serving as a regional hub.
Speed Bay Acquires 13-Building Commerce City Warehouse PortfolioSpeed Bay Warehouse Solutions purchased a 13-building industrial portfolio in Commerce City, Colorado. Park Industrial, a 466,270-square-foot industrial portfolio, is positioned at the intersection of Interstate 270 and 58th Ave. KEW Properties was the seller.
Representative imageAmerican Foam Rubber Renews 17,067 SF Industrial Lease in DallasDALLAS — American Foam Rubber has renewed its 17,067-square-foot industrial lease in Dallas. The space is located within a development known as Dallas Commerce Center. Brett Lewis of Lee & Associates represented the tenant in the lease negotiations.