IOS Daily - May 29, 2024

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NEWS ROUNDUP

ACQUISITION: Stonemont sells 2.8 acre IOS in Inland Empire. Stonemont Financial Group sold 14841-14859 Whittram Avenue in Fontana, California. Stonemont deal team: Ben Law , Kenneth Lankford , Ryan Meehan . Brokers: Chase MacLeod , Ethan Flor , Jean Carlo Castillo .

ACQUISITION: K2/Bear acquire their third ISF in Upstate SC. The JV purchased 10 Hudson Drive in Spartanburg, South Carolina. K2 Real Estate Capital deal team: Mitchell Kaplain , Robert Kaplain . Brokers: Alex Shields , Carl Barnard of Bridge Commercial . For leasing inquiries, contact Rob Williams and Carter Keller at Stream Realty Partners . Justin Horowitz arranged the financing.

ACQUISITION: Devli/Deugen JV buys 7 acre IOS in Newark, NJ. A JV between Devli Real Estate and Deugen Design Build acquired 449 Doremus Avenue in Newark, New Jersey. Devli CIO Mark Devli and Deugen CIO Kyle Mathis led the charge. For leasing inquiries: Jason Crimmins, CCIM, SIOR , Alessandro (Alex) Conte, CCIM, SIOR , and Peter J. Murano, Jr. .

JOINT VENTURE: Centerbridge and Modal combine forces in IOS-focused JV. The JV has earmarked EUR 500 million for IOS properties across the UK. From Centerbridge Partners, L.P. : Steven Skaar . The Modal team: Nicholas Schiloff , Matt Sherlock , Morgan Baker , Hayden S. .

READ: FedEx to close 7 service centers across the US in 2024.

#IOS FOR SALE

FOR SALE: $5,000,000 - Colton, CA - 2.72 acre truck facility

Info: LINK

Brokers: Rene Ramos Jr - Robert D. Bagley III - Jacob Bernardy

FOR SALE: Kansas City, KS - 17 acre IOS

Info: LINK?

Brokers: Mark Long - John Hassler - Seamus McLaughlin, SIOR

FOR SALE: $3,600,000 - Tacoma, WA - 1.66 acre IOS at 6.5% cap rate

Info: LINK

#IOS FOR LEASE

FOR LEASE: Covington, GA - 1-12 acre IOS

Info: LINK

Broker: George Hart

FOR LEASE: Alpha, NJ - 0.5 to 5 acre truck parking

Info: LINK

Broker: Michael V. Taccetta

FOR LEASE: $7,000/mo - Denton, TX - 1.7 acre IOS

Info: LINK

Broker: Cole Frazier

ONE MORE THING

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