The STRO Companies

We are pleased to announce the acquisition of 1511 Zoo Parkway - Building B1 in Jacksonville, Florida with our partners KRE Group and The Silverman Group. The 235,835-square-foot facility is newly constructed, offering 32-foot clear ceiling heights, 53 loading docks and 69 trailer parking spaces and providing tenants with a location near Jacksonville International Airport, the city’s port district and interstates 95 and 295. “I am personally excited for this transaction,” STRO Founder Steven Millstein said. “1511 Zoo Parkway is ideally positioned to service future tenants with its proximity to the ports and major interstates. I view this asset as irreplaceable and one my family and partners are happy to have in our portfolios. I am appreciative of the seller for working with us to ensure a successful outcome.” STRO arranged the transaction directly with the seller, with the firm’s Albert Fitch and Kevin Bramhall representing the joint venture. It’s now marketing the divisible building for lease. Congratulations to all parties involved in the transaction. #commercialrealestate #aquisitions #leasing #commercialleasing #realestate #industrial #industrialcre #warehousing #manufacturing #supplychain #aquisitions #capitalmarkets #nycrealestate #njrealestate #floridarealestate #jacksonville #familyoffice #creatingvalue Jeff Pandolfo Emily Sussal Wolf Elliot Ferris Madison Hebb Mark J. Gabe Millstein

We are pleased to announce our recent shallow bay acquisition in Tampa, Florida has been fully leased by Live Marketing , LLC. We are grateful to our team of brokers at Lee & Associates | Tampa Bay, Jessica Mizrahi, SIOR and Julia Silva SIOR Industrial Real Estate Tampa for securing a full building user within 60 days of closing on the property. Congratulations to all involved who made this transaction a success! Should you have any acquisition opportunities to present in Florida, please contact Albert Fitch & Kevin Bramhall. Elliot Ferris Emily Sussal Wolf Mark J. Gabe Millstein #commercialrealestate #aquisitions #leasing #commercialleasing #realestate #industrial #industrialcre #warehousing #manufacturing #supplychain #aquisitions #capitalmarkets #nycrealestate #njrealestate #floridarealestate #tamparealestate #familyoffice #creatingvalue

SALE Learn More: https://lnkd.in/eKX_qbDK IMAGE: Albert Fitch, Steven M. & Kevin Bramhall DATE: 08/14/2024 ADDRESS: 1511 Zoo Parkway MARKET: Jacksonville, FL ASSET TYPE: Industrial BUYER: The STRO Companies, KRE Group & The Silverman Group SELLER: Van Trust Real Estate SALE PRICE: $29,500,000 SF: 235,835 ~ PPSF: $125 NOTE FROM BUYER: A partnership consisting of The STRO Companies (“STRO”), KRE Group and The Silverman Group announced their acquisition of a newly constructed industrial facility in Jacksonville, Florida. 1511 Zoo Parkway is a Class A warehouse facility comprising of over 235,000 Square Feet with 32’ clear ceilings, 53 loading docks and 69 trailer parking spaces. The property is extremely desirable due to its proximity to Jacksonville International Airport, Cargo Ports of Jacksonville, and easy access to I-95 and I-295. STRO arranged the transaction directly with the Seller, Van Trust, in an off-market transaction. The partnership was represented in-house by Albert Fitch and Kevin Bramhall of The STRO Companies. #Florida #RealEstate #Jacksonville #Industrial #TheSTROCompanies #StevenMillstein #AlbertFitch #KevinBramhall #KREGroup #TheSilvermanGroup #VanTrustRealEstate #TradedPartner #TradedMiami #TradedNewJersey #TradedNJ

SALE Learn More: https://lnkd.in/eunZQqSR IMAGE: Steven M., Albert Fitch, Elliot Ferris & Howard Weinberg DATE: 08/06/2024 ADDRESS: 97 Fairfield Road MARKET: Fairfield ASSET TYPE: Industrial BUYER: Steven Millstein, Albert Fitch & Elliot Ferris - The STRO Companies SELLER: Steve Kessel - Kessel Associates SELLER'S REP: Howard Weinberg - JLL SALE PRICE: $13,600,000 SF: 76,560 ~ PPSF: $177 NOTE FROM BUYER: 97 Fairfield Road is a 76,560 square foot Class B industrial facility. The property is located off Route 46 and has direct access to I-80 ramps via Route 23. The property is fully leased with small bay units ranging from 8,000 to 13,000 square feet with 22-foot clear ceilings. “Our team worked hard to get this transaction closed quickly. We have a long-term relationship with the seller and were able to accommodate them with an expedited closing” said Albert Fitch STRO’s Managing Director of Acquisitions and Capital Markets. Fitch added, “97 Fairfield is the perfect example of quality small bay product that we strive to own. There is considerable value to be create in buildings like 97 Fairfield and we actively looking to acquire similar product.” #NewJersey #RealEstate #TradedNJ #Fairfield #Industrial #HowardWeinberg #JLL #StevenMillstein #AlbertFitch #ElliotFerris #TheSTROCompanies

SALE Learn More: https://lnkd.in/ed3jGtJF IMAGE: Albert Fitch, Kevin Bramhall, Luis Castillo & Cody Brais DATE: 06/25/2024 ADDRESS: 1901 Mears Parkway MARKET: Margate ASSET TYPE: Industrial BUYER: Albert Fitch & Kevin Bramhall - The STRO Companies & KRE Group SELLER: Berkeley Partners BROKER'S: Cody Brais & Luis Castillo - JLL SALE PRICE: $11,000,000 SF: 48,000 ~ PPSF: $229 NOTE FROM BUYER: 1901 Mears Parkway comprises of two buildings totaling 48,000 square feet. The property is extremely desirable due to its proximity to I-95, Florida Turnpike, Sawgrass Expressway and the greater Broward County & Palm Beach County Markets. The buildings boast small bay units ranging from 1,000 to 8,000 SF with high ceiling heights, and an abundance of parking. “Our team is very excited about this transaction. We have been aggressively pursuing assets in South Florida and are happy to have secured another quality building that aligns with our core business plan of purchasing infill small & shallow bay logistics properties” said Kevin Bramhall, STRO’s Director of Southeast Acquisitions. “We’re appreciative of the brokers and seller for their diligent and creative efforts in closing this transaction. We look forward to announcing more deals in Florida in the coming months.” STRO also noted their expansion plans. “We are actively acquiring industrial warehouses in Northern New Jersey and the Southeast Region of the United States. Our national platform is well capitalized, allowing us to move swiftly, offer favorable terms, and execute transactions,” said Albert Fitch, Managing Director of Acquisitions and Capital Markets. #Miami #RealEstate #tradedmia #MIA #TradedPartner #Margate #Industrial #CodyBrias #LuisCastillo #JLL #BerkeleyPartners #TheSTROCompanies #AlbertFitch #KevinBramhall #KREGroup

Our team is excited to announce our recent acquisition of 97 Fairfield Road in Fairfield, New Jersey. The 77,000 SF property is comprised of small bay industrial units ranging from 8,000-13,000 SF in size and was fully leased upon acquisition. “Our team worked hard to get this transaction closed quickly,” said Albert Fitch, STRO’s managing director of acquisitions and capital markets. “We have a long-term relationship with the seller and were able to accommodate them with an expedited closing. 97 Fairfield is the perfect example of quality small-bay product that we strive to own. There is considerable value to be created in buildings like 97 Fairfield and we are actively looking to acquire similar product.” Congratulations to all parties involved in making this a successful transaction. Jeff Pandolfo Emily Sussal Wolf Elliot Ferris Mark J. Madison Hebb Gabe Millstein #commercialrealestate #aquisitions #leasing #commercialleasing #realestate #industrial #industrialcre #warehousing #manufacturing #supplychain #aquisitions #capitalmarkets #nycrealestate #njrealestate #familyoffice #creatingvalue

LEASE Learn More: https://lnkd.in/ec7kHZ4d IMAGE: Olivia Brock, Elliot Ferris, Deron Thomas CCIM, SIOR, John Dunphy, Tyler Thomas & Peter Cecora, SIOR DATE: 06/24/2024 ADDRESS: 12333 Enterprise Boulevard MARKET: Largo ASSET TYPE: Industrial LANDLORD: The STRO Companies & KRE Group TENANT: SMP Nutra LANDLORD'S REP: Deron Thomas & Tyler Thomas - Industrial Realty Solutions Inc; Elliot Ferris - The STRO Companies TENANT'S REP: Peter Cecora, John Dunphy & Olivia Brock - JLL ASKING RENT: $12/ft ~ SF: 103,500 NOTE FROM LANDLORD'S REP: A partnership consisting of The STRO Companies (“STRO”) and KRE Group announced a full building lease with Supplement Manufacturing Partners (“SMP”). 12333 Enterprise boulevard is a single-tenant warehouse, spanning 103,500 square feet, situated on 6 acres of land. Among its notable features, this property boasts impressive amenities including 25-36-foot ceiling heights, nine loading docks, and Class A construction. Upon acquisition, the partnership leased the building back to the Seller to provide them with flexibility to evaluate their location needs. The Partnership retained Deron Thomas, Tyler Thomas and Kyle Harris of Industrial Real Estate Solutions (“IRS”) to represent them while SMP was represented by Peter Cecora, John Dunphy and Olivia Brock of JLL. “This was phenomenal outcome for all involved and we are appreciative of IRS and JLL putting this deal together. We were able to structure a quick transaction before the building was vacant and found a growing Tenant that can utilize the building for their future growth” said Elliot Ferris, Senior Director of Leasing and Acquisitions for The STRO Companies. #Miami #RealEstate #tradedmia #MIA #TradedPartner #Largo #Industrial #SMPNutra #TheSTROCompanies #KREGroup #PeterCecora #JohnDunphy #JLL #OliviaBrock #DeronThomas #TylerThomas #ElliotFerris #TheStroCompanies #IndustrialRealtySolutionsInc

LOAN Learn More: https://lnkd.in/e9_VKAkz IMAGE: Albert Fitch & Steven M. DATE: 07/12/2024 ADDRESS: 415 Paterson-Hamburg Turnpike MARKET: Wayne ASSET TYPE: Industrial ~ SF: 353,000 LENDER: Truist LANDLORD: Albert Fitch & Steven Millstein - The STRO Companies LOAN AMOUNT: $25,000,000 LOAN TYPE: Refinance NOTE FROM LANDLORD: 415 Hamburg Turnpike is a last mile industrial facility comprised of over 353,000 square feet in Wayne, NJ. The asset provides excellent connectivity to local suburban markets, New York City and the Ports of Newark, providing tremendous value to their tenants. The property has continued to remain fully leased throughout STRO’s ownership. “We are thrilled to have completed this transaction with Truist.” said Albert Fitch, STRO’s Managing Director of Acquisitions and Capital Markets. “We are eager to continue purchasing more industrial warehouses in Northern New Jersey and the Southeast Region of the United States. We have a considerable amount of capital to deploy and are interested in core+, value-add, and opportunistic acquisitions,” said Fitch. #NewJersey #RealEstate #TradedNJ #TradedPartner #Wayne #Industrial #AlbertFitch #StevenMillstein #TheSTROCompanies #Truist

The STRO Companies has recently closed on a $25 million loan with Truist on our legacy asset in Wayne, New Jersey. 415 Hamburg Turnpike has been under STRO Ownership and Management for over 30 years. The property spans 353,000 Square Feet of industrial space serving as a last-mile facility with easy access to local suburban markets, New York City and Port Newark-Elizabeth. “We are thrilled to have completed this transaction with Truist,” said Albert Fitch, STRO’s managing director of acquisitions and capital markets. “We are eager to continue purchasing more industrial warehouses in northern New Jersey and the southeast Region of the United States. We have a considerable amount of capital to deploy and are interested in core-plus, value-add and opportunistic acquisitions.” Jeff Pandolfo Emily Sussal Wolf Victor Rogen #commercialrealestate #assetmanagement #leasing #commercialleasing #aquisitions #development #realestate #industrial #logistics #industrialcre #warehousing #manufacturing #supplychain #capitalmarkets #financing #nycrealestate #njrealestate #creatingvalue #NewJersey #RealEstate #TheSTROCompanies #MillsteinFamilyOffice

The STRO Companies and KRE Group are pleased to announce that our recent acquisition of 12333 Enterprise Boulevard in Largo, Florida has been fully leased to SMP Nutra. SMP Nutra signed a deal to lease the entire 103,500 square foot premises for their new facility and headquarters. Our partnership was represented by Deron Thomas CCIM, SIOR, Tyler Thomas, and Kyle Harris of Industrial Realty Solutions while SMP Nutra was represented by Peter Cecora, SIOR, John Dunphy, and Olivia Brock of JLL. Congratulations to all parties who made this transaction possible. Jeff Pandolfo Emily Sussal Wolf Elliot Ferris Albert Fitch Kevin Bramhall Madison Hebb Victor Rogen Mark J. #commercialrealestate #aquisitions #leasing #commercialleasing #realestate #industrial #industrialcre #warehousing #manufacturing #supplychain #aquisitions #capitalmarkets #nycrealestate #njrealestate #floridarealestate #tamparealestate #jacksonvillerealestate #familyoffice #creatingvalue