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Industrial news – page 55
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Avatar Lends on Vacant Industrial Campus in Hawthorne’s “Space Corridor”Avatar Financial Group LLC has provided a $16.1-million bridge loan secured by The Yukon, a three-building industrial campus totaling 52,074 square feet and located at 13100-13130 Yukon Ave. in Hawthorne.
Clarion Partners Sells New Broward Warehouse for $38MClarion Partners and Cadence Partners sold a newly completed distribution warehouse in Hollywood, Fla., for $38.3 million, property records show. Drug compounding company Hallandale Pharmacy purchased the 98,860-square-foot asset called Stirling Logistics Center.
Logistics Property Closes 1M-SF Lease at Glendale Warehouse ComplexLogistics Property Company signed two full-building leases totaling 1,032,079 square feet at Olive Logistics Center in Glendale, Arizona, with a third-party logistics provider. With this lease signing, the park, completed in 2025, is fully leased.
Logistics Property Co. to Develop 1.4 MSF Industrial Park in Grand Prairie, TexasGRAND PRAIRIE, TEXAS — Logistics Property Co. will develop a 1.4 million-square-foot industrial park in Grand Prairie, roughly midway between Dallas and Fort Worth.
Representative imageColliers Brokers Sale of 51,150 SF Industrial Flex Building in Southeast HoustonHOUSTON — Colliers has brokered the sale of a 51,150-square-foot industrial flex building in southeast Houston. According to LoopNet Inc., the building at 9191 Gulf Freeway was completed in 2015, offers 18- to 21-foot clear heights and was 86 percent leased at the time of sale.
Pacific Coast Commercial Brokers $10M Sale of Pioneer Business Park in El Cajon, CaliforniaEL CAJON, CALIF. — Pacific Coast Commercial has arranged the sale of Pioneer Business Park, a multi-tenant industrial facility in El Cajon. Paradise Properties of East County LLC purchased the property from Brown Trust for $10 million.
Terrace Group, Midloch Investment Partners Buy 270,022 SF Industrial Business Park Near MinneapolisFRIDLEY, MINN. — The Terrace Group has acquired River Tech Workplace in the Minneapolis suburb of Fridley. Midloch Investment Partners is the equity partner in the acquisition. The four-building flex industrial park totals 270,022 square feet and is situated on nearly 20 acres.
Representative imageConnect Industrial Midwest 2026 Recap (VIDEO)At the recent Connect Industrial Midwest event, leaders from across the commercial real estate industry gathered to discuss the combination of steady fundamentals, improving leasing activity, and renewed capital movement in industrial.
Praelium Buys 17-Building R&D Portfolio Near Santa Barbara for $235MIrvine-based investment firm Praelium Commercial Real Estate has acquired a 17-building, 733,497-square-foot office, industrial and R&D portfolio in Goleta, Calif., just west of Santa Barbara, for $235 million, according to PropertyShark records.
Representative imageAvison Young Negotiates 88,601 SF Industrial Lease in Northwest HoustonHOUSTON — Avison Young has negotiated an 88,601-square-foot industrial lease in northwest Houston. The tenant is oilfield equipment supplier STATS International, and the deal is for the entirety of Building U within the development at 6401 N. Eldridge Parkway.
Kidder Mathews Brokers $14.9M Sale of Fully Leased Industrial Building in Burbank, CaliforniaBURBANK, CALIF. — Kidder Mathews has arranged the sale of an industrial property located at 2231-2249 N. Hollywood Way in Burbank. A family-owned investment company sold the building to a local private investor for $14.9 million.
Edgewater Ventures Signs Two Industrial Tenants to Leases Totaling 305,818 SF in Leland, North CarolinaLELAND, N.C. — Raleigh-based Edgewater Ventures has signed two tenants to new leases totaling 305,818 square feet at Edgewater Commerce Center, a 505,818-square-foot industrial facility in Leland.
Opus Completes Lease-Up of 408,176 SF Industrial Building in North Aurora, IllinoisNORTH AURORA, ILL. — Opus has completed the lease-up of Building C at Tollway Corporate Center in North Aurora. US Elogistics Service Corp. (CIRRO Fulfillment | Global Fulfillment Solution) has leased the entire building.
Clear Height Properties Completes Disposition of IL Industrial PropertyClear Height Properties and its investment partner, ICP Funds, announced the disposition of 2055 Army Trail Road, a multi-tenant shallow-bay industrial business park located in Addison, Illinois.
Industrious to Open Three More Locations in ManhattanDays after announcing it would hit the mark of 291,600 square feet at Kato International’s Tower 49, coworking and flex space provider Industrious is keeping its foot on the gas, Commercial Observer has learned.
Prologis, GIC Form $1.6B Industrial Build-to-Suit Joint VentureThe world’s largest owner of industrial space and one of the world’s largest sovereign wealth funds have, unsurprisingly, joined forces.
BKM Pays $43M for NW Phoenix Business ParkBKM Capital Partners (BKM) acquired Northwest Business Park in Phoenix for $43 million. The acquisition was completed on behalf of BKM Industrial Value Fund III.
Cushman & Wakefield Brokers $81M Sale of South Florida Industrial PortfolioLAUDERDALE LAKES AND LAUDERHILL, FLA. — Cushman & Wakefield has brokered the $81 million sale of an industrial portfolio in South Florida’s Broward County.
Sword Industrial Partners Buys 261,692 SF Park in Northeast TulsaTULSA, OKLA. — Sword Industrial Partners, an affiliate of Fort Worth-based MAG Capital Partners, has purchased Braniff Park West, a 261,692-square-foot property in northeast Tulsa. The sales price was $20 million.
DAUM Commercial Brokers Sale of 12,892 SF Warehouse in Canoga Park, CaliforniaCANOGA PARK, CALIF. — DAUM Commercial Real Estate Services has directed the sale of a warehouse building located at 805 Deering Ave. in Canoga Park. Chatsworth, Calif.-based Oak Cabessa of MAKS Enterprises acquired the property from 8015 Deering LLC for $3.8 million.