IOS Daily - May 21, 2024
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NEWS ROUNDUP
FINANCING: CBRE recaps $100M portfolio of ISF properties. Through a JV with Moir Park Capital LLC and Hempel Real Estate , CBRE has re-capitalized a $100 million portfolio of 36 fully-leased industrial service facilities (ISFs). The portfolio is comprised of 201 acres with nearly 630,000 SF of industrial assets across 20 states. The CBRE team was led by Judd Welliver, Bentley Smith, Michael Caprile, Ryan Bain, Zach Graham, Joe Horrigan, Will Pike, and Victoria Gomez.
ACQUISITION: K2/Bear buy 3.3 acre truck terminal in Kernersville, NC. A partnership between K2 Real Estate Capital and Bear Development Holdings has purchased 604 Indeneer Drive in Kernersville, North Carolina. The property consists of an 8,845 SF truck terminal with 28 enclosed positions and additional secured trailer parking. Justin Horowitz of Cooper Horowitz arranged the financing. The seller was Lucern Capital Partners, led by Frank Forte. The K2 team is led by Mitchell Kaplain and Robert Kaplain.
UPDATE: In the May 17 edition of IOSList, we reported on the sale of 2720 Annapolis Road in Baltimore, Maryland, to Jadian IOS . We can now report that the property sold for $7.8 million. The seller was Houff Transfer, and the deal was brokered by Steven Bentolila of Bento Property Group .
ACQUISITION: R&G sells 3.86 acre IOS in Phoenix for $4.5M. The Sheehan | Schumacher Industrial Team of Rein & Grossoehme Commercial Real Estate has brokered the sale of 1325 East Elwood Street in Phoenix, Arizona. The sale price was $4.5 million. The site features buildings totaling 11,500 SF. The Sheehan | Schumacher deal team included Max Schumacher, SIOR, Patrick Sheehan, and Jack Hansen.
LEASE SIGNED: Colliers leases 1.1 acre IOS in Fremont, CA. A Colliers team led by Edward Hofer, SIOR and Emerson Hofer represented the landlord, North Palisade Partners, LLC, in the leasing of 300 Whitney Place in Fremont, California. Paul Griffiths and Gabe Regalado of Newmark represented the tenant, Full Swing Logistics.
FROM OUR PARTNERS
Want more out of your truck parking operations?
IOS FOR SALE
FOR SALE/LEASE: Somerset, NJ - 3.1 acre IOS
Address: 243 Belmont Drive, Somerset, NJ 08873
Features: Trees cleared, land flattened
Close To: I-287, I-78, I-95, US-22, RT1, 41 miles to NYC, 34.7 miles to Port Newark
Building: 16,000 SF warehouse/office, 1 tailgate, 1 tailgate platform
Zoning: BI (Business and Industry)
Info: LINK
FOR SALE: Commerce, GA - 4.6 acre IOS
Address: 4664 Maysville Road, Commerce, GA 30529
Features: Fully-fenced, cleared, partially graded and flat land
Close To: I-85
Zoning: GI (General Industrial)
Asking Price: $2,200,000
Info: LINK
IOS FOR LEASE
FOR LEASE: Phoenix, AZ - 1-4 acres warehouse + IOS
Address: 24348 North 11th Avenue, Phoenix, AZ 85085
Features: Total 4.11 acres, three fenced yards at 1 acre, 3 acres, or 4 acres
Close To: SR-51 freeways, I-17, TSMC Chip Plant, and Deer Valley Airport via Loop 101
Buildings: 10,000 SF stand-alone warehouse with grade-level door
Zoning: L-2 (allows for contractor yard, laydown yard, outdoor storage, landscaping, vehicle storage, commercial parking, equipment storage)
Rental Rates: $6,500/acre/month
Info: LINK
FOR LEASE: Brooklyn, NY - 2.25 acre low-coverage industrial
Address: 360 Kingsland Avenue, Brooklyn, NY 11222
Features: Fully-secured, private lot with off-street loading and abundant parking
Close To: I-278
Building: 17,000 SF warehouse, 4,000 SF finished office, 18' ceilings, and multiple loading positions
Zoning: M3-1 (Manufacturing)
Info: LINK
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