Harbor Capital Leases 198,000-SF Industrial Building to Global Manufacturer of Construction, Agricultural, and Industrial Equipment in Von Ormy, Texas

Harbor Capital has signed a long-term lease with a global manufacturer of construction, agricultural, and industrial equipment at Freeport Business Centre, a 198,000-square-foot industrial building located at 10120 Fischer Road in Von Ormy, Texas, within the San Antonio industrial market, the firm announced.

The tenant is expanding its presence in the San Antonio area as part of a broader investment in U.S. manufacturing capacity. The lease covers the entirety of the single-building property, which sits on approximately 9.93 acres at the intersection of IH-35 and Loop 410 in South San Antonio.

Property Specifications and Location

Built in 2008, Freeport Business Centre features 40-foot clear heights, 24 dock-high doors, and extensive truck parking. The 40-foot clear height exceeds typical bulk warehouse specifications, which commonly range from 32 to 36 feet, positioning the asset for high-cube storage, racking efficiency, and modern logistics operations.

The property's location at the intersection of IH-35 and Loop 410 provides freeway visibility and regional connectivity to San Antonio, Austin, and cross-border trade corridors, attributes that support manufacturing supply chains and regional distribution operations.

Transaction Structure and Brokerage

WHI Real Estate Partners served as leasing broker on the transaction. John Colglazier, Kyle Kennan, and Roger Hill of WHI Real Estate Partners represented Harbor Capital in the leasing transaction.

Following execution of the lease, Harbor Capital has launched a sale process for Freeport Business Centre. JLL is representing Harbor Capital in the sale of the property. Sale inquiries may be directed to Kyle Mueller of JLL at (830) 556-1270.

Market Context: Industrial Demand and Capital Recycling

The lease reflects a broader trend in which manufacturing tenants are driving demand for high-specification industrial space, alongside the e-commerce logistics users that dominated industrial leasing in prior cycles. Industrial users in 2026 are increasingly reshoring and nearshoring production to reduce supply chain risk and exposure to long-distance global freight, making large-format, high-clear industrial assets near major interstates particularly sought after.

The U.S. industrial market has transitioned from a period of outsized rent growth to a more normalized environment in which asking and effective rents are holding steady rather than continuing double-digit appreciation. New construction starts have also slowed from peak levels. Within that context, institutional-quality assets with strong in-place cash flow and manufacturing or logistics tenants continue to attract investor interest.

Harbor Capital's decision to market Freeport Business Centre immediately after lease execution reflects a strategy of stabilizing an asset with a long-term, single-tenant lease before bringing it to market — a structure that allows prospective buyers to underwrite clear cash flow with minimal near-term rollover risk. Industrial remains among the more resilient commercial real estate sectors in 2026, even as the broader market contends with elevated interest rates and a significant volume of maturing commercial real estate debt.

Sources

Harbor Capital — Official Announcement