Russell Industrial Park

Newmark Zimmer successfully sold three fully leased industrial buildings totaling 631,000 square feet at Russell Industrial Park in Davenport, Iowa. The sale, completed on behalf of Blue Vista Capital Management, LLC, and Russell Development, was led by Newmark’s team, including Michael L. VanBuskirk, Chris S. Robertson, Andy Gallas, and Raegen Root.

Additionally, the industrial park’s tenants represent a diverse range of industries, including prominent names such as Ryder Logistics, Nestlé Purina Petcare, PODS, Crescent Electric, and Tube & Solid Tire. This diverse mix reinforces the park’s reputation as a key hub for major supply chain operations. Furthermore, these buildings form a significant portion of the park, which will eventually encompass nearly 1.5 million square feet once fully developed. The site offers convenient access to diesel truck stops, fueling stations, and CAT scales, along with easy connections to Interstate 80 and excellent highway visibility. Moreover, semi-truck acceleration lanes improve traffic flow, while nearby food options add convenience for drivers and employees. The location, surrounded by other industrial users, also benefits from its inclusion in an Urban Revitalization Tax Exemption Zone, which offers potential tax benefits for businesses.

Looking ahead, Russell Industrial Park remains an attractive destination for industrial tenants, with three additional buildings available for future leasing and development. Ultimately, this sale highlights the growing strength of the industrial real estate market in the region and underscores Newmark’s strategic expertise in meeting the needs of both investors and tenants across key logistics hubs in the Midwest.