Category: Press Release

GREENWICH, CT, (March 11, 2025) – Grandview Partners, in partnership with Echo Real Estate Capital Inc., has sold 9701 North 151st Ave in Glendale, Arizona, to LBA Logistics. The freestanding, Class A industrial building, totaling 220,240 square feet, is 100% leased to HubStarr Logistics.

Located in Phoenix’s thriving Loop 303 industrial corridor, the newly constructed property is part of a 38.6-acre industrial business park in the Southwest Valley submarket. This region has experienced sustained growth, fueled by strong demand for high-quality industrial space. According to Cushman & Wakefield’s latest Q4 2024 market report, the Southwest Valley recorded a substantial 12.8 million square feet of occupancy growth in 2024, outperforming all other submarkets in the Phoenix Metro.

“We are excited to announce the successful sale of this premier industrial asset in Phoenix, reflecting the continued strength and demand for institutional assets in the Southwest Valley submarket,” said Michael Paloian, Managing Director at Grandview Partners. “This transaction highlights our ability to identify evolving industrial nodes and developing modern industrial buildings for today’s tenants.”

The Southwest Valley is seeing a surge in demand for warehouse and logistics space thanks to its prime location near major transportation hubs like rail lines and the I-10, I-17, Loop 101, and Loop 202 freeways. Its strategic location—just six hours from the Southern California ports—makes it ideal for companies looking to streamline distribution and logistics. Additionally, Phoenix has been one of the fastest-growing markets in the country over the past decade, with its population expanding significantly due to its affordability compared to other major metropolitan areas like Los Angeles and San Diego.

“Situated in a premier Industrial market alongside Amazon, Boeing, Red Bull, and Ball, the booming Loop 303 industrial corridor is fueled by a strong labor market, world-class market access, a favorable tax environment, and lower operating costs.,” said Raj Menon, Chief Executive Officer, Grandview Partners. “Modern industrial buildings like this continue to outperform older properties, aligning with Grandview’s strategy to invest in modern, well-located assets that meet today’s tenant needs.”

The property was developed with state-of-the-art features, including optimal loading capabilities, multiple access points, full-building HVAC, ample parking, and a substantial power supply, ensuring long-term tenant demand. LGE Design Build, a recognized leader in high-quality industrial development, designed the project.

Cushman & Wakefield’s National Industrial Advisory Group – Mountain West represented the seller, Grandview Partners, in a joint venture with Echo Real Estate Capital Inc.

Major industrial hub near West Georgia Inland Port.

GREENWICH, CT, (November 13, 2024) — Grandview Partners, in partnership with Farpoint
Development, officially broke ground on Lafayette Logistics Park in LaGrange, Georgia, a prime
industrial site in one of the Southeast's most strategically positioned logistics regions. Grandview
Partners acquired the 134-acre site earlier this year with plans to create up to 2 million square feet of
industrial space.

Located at 79 Pegasus Parkway in LaGrange, Lafayette Logistics Park is ideally situated just six
miles from the future West Georgia Inland Port and offers direct access to the I-85 corridor,
connecting major Southeast markets from Alabama to Virginia. Construction is underway on two
buildings, with completion expected by spring. Building A, a 187,600-square-foot facility, is slated for
delivery in March 2025, while the larger, 270,144-square-foot Building B is scheduled for completion
in February 2025.

“Lafayette Logistics Park represents a key part of Grandview’s strategy to expand our presence in
markets that will benefit from the resurgence in US manufacturing. LaGrange is an ideal example of
an emerging hub for innovation in manufacturing and logistics, and this project reflects our
commitment to high-quality investments that drive economic growth in the region,” said Raj Menon,
CEO of Grandview Partners.

Scott Malone, President of the LaGrange Development Authority, emphasized the importance of this
development to the overall vision for the Georgia International Business Park, which spans 10,000
acres and is the largest business park in the Southeast. "With over $200 million in planned
investments, this is a monumental addition to the park’s already vibrant community, which hosts
more than 40 international companies,” said Malone.

Malone highlighted Lafayette Logistics Park's role as a future hub for light manufacturing,
underscoring the robust demand from businesses seeking top-tier facilities in the region.

GREENWICH, CT, (February 7, 2024) – Grandview Partners, a Connecticut-based real estate investment manager, in partnership with Brennan Investment Group, recently acquired a 24-acre land parcel in Laredo, Texas, with plans to build a 393,796-square-foot, class-A industrial building. This investment adds to Grandview Partners’ growing industrial portfolio as reshoring and nearshoring drive demand for manufacturing and logistics space. This is on the heels of Grandview’s purchase of a 134-acre site in LaGrange, Georgia, near the future West Georgia inland port to develop Lafayette Logistics Park.

While it is still in the early stages, a return of manufacturing to the U.S. and nearby countries presents opportunities in the industrial real estate sector. However, navigating this transformation and understanding which markets may benefit requires a broader understanding of global dynamics, legislative influences, and the evolving needs of manufacturers as they seek to build resilient supply chains and modern, efficient facilities in the U.S.

Raj Menon, Chief Executive Officer, Grandview Partners, emphasized the firm’s strategic investment approach that capitalizes on the resurgence of manufacturing in the U.S. “These acquisitions reflect our two-pronged investment approach focused on building modern facilities in early-stage growth markets,” he said. “We are investing in U.S. industrial markets with proximity to nearshoring markets outside of the U.S., and in markets that attract high-margin manufacturers with the right infrastructure, business incentives, and access to skilled labor.”

Laredo is pivotal in the region’s strategic importance in the growing trade with Mexico post-USMCA. The Port of Laredo has become the busiest port of entry for U.S. goods, surpassing the Ports of Los Angeles/Long Beach and Chicago. Through this acquisition, Grandview aims to tap into the opportunities arising from nearshoring and the $30 billion boost expected in Mexico’s exports, with a substantial portion passing through the Port of Laredo.

Laredo is accessible for US-bound trucks originating from Mexican industrial hubs, primarily Monterrey, just 160 miles to the south. Monterrey has become one of Mexico’s critical manufacturing centers, attracting a significant percentage of the country’s foreign direct investment. Laredo is just a two-hour drive to the “Texas Triangle” home to 70% of Texas’s population and contributing over 75% to the state’s GDP.

Additionally, in LaGrange, Georgia, Grandview, in partnership with Farpoint Development, is developing Lafayette Logistics Park, featuring four Class A industrial buildings ranging from 187,000 to 270,000 square feet. The proximity of LaGrange to the future West Georgia Inland port, which enhances connectivity to Atlanta and Savannah, aligns with Grandview’s investment strategy.

The state of Georgia is investing the capital needed to support manufacturing. There is an ecosystem and infrastructure that is business-friendly and fosters growth and innovation. As a result, LaGrange has seen rapid growth as a manufacturing and distribution hub, with over 40 international and Fortune 500 corporations operating in the area, including KIA Motors’ only U.S. manufacturing facility. The market provides a deep labor pool capable of meeting the demands of modern manufacturing as well as sufficient electrical infrastructure to host manufacturing sites.

“Due to the evolving nature of manufacturing in the U.S. there has been a shift from labor-intensive tasks to more intellectual and technologically driven processes,” said Eric Freeman, Managing Partner, Grandview Partners. “Markets with access to skilled labor are expected to come out ahead”.

Grandview Partners invests in growth-stage markets that benefit from structural changes in real estate, including nearshoring and reshoring. They focus on uncovering investment opportunities in markets below most investors’ radars with solid supply-demand fundamentals, as well as significant capital investment, in this case, to bolster logistics capabilities and infrastructure. The Grandview team has owned or developed over 36 million square feet of industrial in over 22 states during their collective history together.

GREENWICH, CT, (January 4, 2024) — Grandview Partners, in partnership with Farpoint Development, recently acquired a prime 134-acre site in LaGrange, Georgia, to develop Lafayette Logistics Park. The site, which can accommodate up to 2 million square feet of industrial space, was purchased from Southpoint Realty Group, LLC.

The site is ideal for a regional distribution and manufacturing hub. It is only six miles from the future West Georgia Inland Port and has direct access to I-85, an integral Southeast logistics corridor connecting major markets from Alabama to Virginia.

Lafayette Logistics Park will be developed in two phases. Phase I will include four Class A industrial buildings ranging from 187,000 to 270,000 square feet. Phase II could accommodate an additional 1 million square feet of Class A industrial facilities. Construction on Phase I is expected to commence in Q1 2024, with delivery targeted for Q4 2024.

LaGrange has seen rapid growth as a manufacturing and distribution hub, with over 40 international and Fortune 500 corporations operating in the area. Notably, KIA Motors’ only U.S. manufacturing facility is approximately 15 miles southwest of the site. The area is also home to several renowned companies, including Walmart, Kimberly Clark, Duracell, Milliken, and Wall Street Journal.

“The LaGrange and surrounding industrial markets are poised for growth, and the state is investing the capital needed to support manufacturing…There is an ecosystem and infrastructure here that fosters growth and innovation, and the West Georgia Inland Port will only improve the connectivity to Atlanta and Savannah.”

— Eric Freeman, Managing Partner, Grandview Partners

Grandview Partners invests in growth-stage markets that benefit from structural changes in real estate, including the reshoring of manufacturing. The focus is on uncovering investment opportunities in markets below most investors’ radars with solid supply-demand fundamentals, as well as significant capital investment, in this case, to bolster logistics capabilities and infrastructure. The Grandview team has owned or developed over 36 million square feet of industrial in over 22 states during their collective history together.

While LaGrange continues to experience significant interest from companies looking for a business-friendly environment, it is a supply-constrained market. According to CoStar, the LaGrange industrial market is nearly at capacity, with just 0.1% of available inventory vacant. Currently, only 150,000 square feet of industrial space is under construction on a build-to-suit basis, alongside approximately 500,000 square feet of speculative space in the pipeline.

“Reshoring manufacturing is a multifaceted endeavor, and many factors must be considered. It is critical to have a deep labor pool capable of meeting the demands of modern manufacturing, which this area has,” said Raj Menon, Chief Executive Officer, Grandview Partners. “Moreover, ground-up development makes sense as the manufacturing boom creates a need for modern facilities and efficient logistics sites.”