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Industrial news – page 54
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Sansone Adding 682K-SF Warehouse to Austin Hills ProjectSansone Group in partnership with Principal Asset Management, announced the launch of Phase Two of the Austin Hills Commerce Center. This multi-phase development spans approximately 134 acres and has capacity for over 1.35 million square feet of industrial space.
Creation Delivers $250M Park Algodon Industrial, Mixed-Use Development in PhoenixPHOENIX — Creation, a Phoenix-based developer, has completed construction for Park Algodon, an industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix.
Lincoln Property Co. Signs Tenant for 629,835 SF Industrial Lease at Park303 in Glendale, ArizonaGLENDALE, ARIZ. — Lincoln Property Co. has announced that a global third-party logistics provider has signed a full-building, 629,835-square-foot lease at the 3.75 million-square-foot Park303 in Glendale.
PCCP Provides $180.5M Refinancing for 2.1 MSF Industrial Park Near DetroitHIGHLAND PARK, MICH. — PCCP has provided a $180.5 million senior loan to a joint venture between AEW Capital Management and Trident Capital Group for the refinancing of Oakland Park, a 10-building, 2.
Opus Breaks Ground on 168,486 SF Spec Industrial Project Near OmahaPAPILLION, NEB. — Opus has broken ground on Highway 370 Logistics, a 168,486-square-foot speculative industrial development located near the intersection of I-80 and Highway 370 in Papillion within metro Omaha. The 12-acre site is adjacent to an Amazon distribution hub.
Affinius Capital Provides Acquisition Loan for 917,374 SF Industrial Park in Benbrook, TexasBENBROOK, TEXAS — New York City-based Affinius Capital has provided an acquisition loan of an undisclosed amount for Chisholm 20, a 917,374-square-foot industrial park in Benbrook, a southwestern suburb of Fort Worth.
Representative imageColliers Negotiates 167,120 SF Industrial Lease in Brookshire, TexasBROOKSHIRE, TEXAS — Colliers has negotiated a 167,120-square-foot industrial lease in the western Houston suburb of Brookshire. The tenant was not disclosed.
JLL Arranges Sale, Financing of Edison Industrial Service FacilityJLL Capital Markets arranged the $24.5-million sale and acquisition financing of 76 National Rd., an approximately 5.5-acre, fully occupied industrial service and outdoor storage facility in Edison, NJ.
Sagard Real Estate Acquires Warehouse in Supply-Constrained East BaySagard Real Estate has acquired 20201 Mack St., a fully leased industrial property located in Hayward. The seller and sale price were not disclosed.
Creation, Clarion Complete $250M Phoenix Mixed-Use VentureCreation completed construction on Park Algodon, a $250 million industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix.
MDH Partners Closes $946.8M Refinancing for National Industrial PortfolioATLANTA — Atlanta-based MDH Partners has closed a $946.8 million refinancing for Project Interstellar, a 59-property, 13.5 million-square-foot industrial real estate portfolio that spans 15 states. The names and locations of the properties were not released.
Hamilton Development Begins Construction on 1.8 MSF Industrial Park in Smyrna, TennesseeSMYRNA, TENN. — Hamilton Development has broken ground on Cornerstone Business Park, a 152-acre industrial park located at 5481 W. Jefferson Pike in Smyrna, a southeast suburb of Nashville.
Mazak to Occupy Full Building at Dedeaux’s Swallows Creek CampusMazak Corporation signed a long-term lease for an entire 14,093-square-foot building at Swallows Creek, a newly constructed Class A three-building, 136,000-square-foot industrial campus located at 30590 to 30700 Rancho Viejo Rd. in San Juan Capistrano.
LJC Transforms Historic Chicago Building Into Performing Arts PropertyLJC has completed the adaptive reuse of the former Loyal Casket Factory at 148 S. California Ave. in Chicago’s East Garfield Park, transforming the historic industrial building into a performing arts center and community hub for nonprofit BandWith Chicago.
Amazon Adding 112K-SF Warehouse to Orlando-Area HoldingsAmazon plans to build a 112,000 square foot warehouse in Brevard County, on Florida’s Space Coast. It’s appropriate, then, that the plans may involve satellites.
Peachtree Group Acquires 600,000 SF Distribution Center Near Savannah Leased to Hasbro, Launches DSTMIDWAY, GA. — Peachtree Group has acquired a newly built, 600,000-square-foot distribution center in Midway, about 32 miles southwest of Savannah. The property is fully leased to Hasbro Inc., a toy and game manufacturing company behind brands including NERF, Transformers, G.I.
$134M Gainesville Port to Open in MayGeorgia Ports Authority’s (GPA) new $134 million inland port in Gainesville opens in May, almost sure to spur industrial growth in the region. At full build-out, the Gainesville Inland Port will have an annual capacity of 200,000 containers.
Representative imageEvergen Equity Acquires 254,457 SF Industrial Portfolio in Houston AreaAUSTIN, TEXAS — Austin-based Evergen Equity has acquired a portfolio of three industrial buildings totaling 254,457 square feet in the Houston area. The portfolio includes an 85,797-square-foot building at 7601 N.
Avatar Financial Group Provides $16.1M Acquisition Loan for Flex Campus in Hawthorne, CaliforniaHAWTHORNE, CALIF. — Avatar Financial Group has provided a $16.1 million bridge loan for the acquisition of The Yukon, an industrial campus in Hawthorne.
Colliers Brokers Sale of 54,672 SF Industrial Facility in Marysville, OhioMARYSVILLE, OHIO — Colliers has brokered the sale of a 54,672-square-foot industrial facility located at 14711 Industrial Parkway in Marysville near Columbus. Delivered in 2024, the property is fully leased to seven tenants averaging 7,810 square feet.