Commercial

Welcome Group LLC, of Houston, has opened the first phase of its Welcome Venture Park industrial project in Durham, N.C. Phase 1 of Welcome Venture Park consists of nearly 400,000 square feet across four buildings. Image courtesy of Welcome Group…

“Birla Carbon’s foray into the South Carolina market will allow them to provide product support for the 65+ automotive OEM companies with operations in the region, including Volvo, Mercedes-Benz, Bosch and Cummins,” Avison Young’s Senior VP Alex Irwin told CPE.…

In one of the largest office lease transactions in Northern Virginia so far this year, Alarm.com has increased its corporate headquarters space at The Boro in Tysons, Va., by 30 percent. The Meridian Group is the property’s owner. With the…

Nashville’s office market had a consistent construction pipeline, with space under construction as a percentage of total stock outpacing the national rate, CommercialEdge data shows. The metro saw only two deliveries, while office investments showed a 31 percent year-over-year growth,…

The four-story Sisters Grove Pavilion came online in 2008. Image courtesy of CommercialEdge MedCraft Investment Partners has purchased Sisters Grove Pavilion, a 108,204-square-foot medical office building in Colorado Springs, Colo. The property traded for $31.2 million, with the buyer taking…

Ti Cold Account Manager Logan Stuller and Tippmann Innovation Sam Tippmann at Arcadia Cold’s Reno, Nev., property. Ti Cold designed and built the facility, which debuted in 2023. Image courtesy of Ti Cold Saxum Real Estate has kicked off construction…

Burnett Plaza’s most recent renovations were completed in 2021. Image courtesy of CommercialEdge Pinnacle Bank Texas has sold Burnett Plaza, a 1.1 million-square-foot Class A office tower in Fort Worth, Texas, Dallas Business Journal reported. The seller granted a leasehold…

GTI Fabrication, a Buffalo, N.Y.,-based provider of turnkey integrated closure solutions, is expanding its energy storage business in the Phoenix industrial market with the full-building lease of a 530,307-square-foot facility at Lakin Park in Goodyear, Ariz. GTI will use the…

MilliporeSigma, a Merck unit, has opened its new $317.2 million biosafety testing facility in Rockville, Md. Developed by Alexandria Real Estate, the 260,000-square-foot project represents the life science company’s largest investment in contract testing in history. MilliporeSigma’s new biosafety testing…

Gateway Commerce Center came online in 2022. Image courtesy of JLL A joint venture between Westminster Capital and GEIS sold Gateway Commerce Center, a 434,171-square-foot, Class A industrial property in Streetsboro, Ohio, to EQT Exeter. The asset traded for $40.2…