IOS Daily - April 17 - Lee & Associates brokers sale of 55+ AC IOS portfolio in TX and IL

NEWS ROUNDUP

ACQUISITION: Lee & Associates brokers sale of 55+ AC IOS portfolio in Texas and Illinois. Lee & Associates has facilitated the off-market sale-leaseback of 5 IOS assets located in Texas and Illinois. The portfolio totals 56.291 AC and includes 234,563 SF of industrial improvements. Alex Wilson with Lee & Associates Dallas-Fort Worth represented the buyer, Transport Properties, in the transaction. The Transport Properties deal team included Timothy McCahill and Matt Mullen. Jeremy Bunnow and Maxwell Maharry with Barack Ferrazzano Kirschbaum & Nagelberg LLP also assisted in the deal. The properties in the portfolio are:

• 1927 West Commerce Street in Dallas, Texas

• 3405 Aldine Bender Road in Houston, Texas

• 3928 Naco Perrin Boulevard in San Antonio, Texas

• 8601 Tuscany Way in Austin, Texas

• 5757 West Ogden Avenue in Chicago, Illinois

ACQUISITION: K2 RE Capital and Bear Development buy 5.7 AC IOS in Tampa. A joint venture between K2 Real Estate Capital and Bear Development Holdings has acquired 9879 North 301 Highway in Tampa, Florida. The property includes an 11,600 SF shop building. Prior to closing, the partnership executed a new lease with Opifex-Synergy. Devin Beeler and Robbie Lober with Lober Real Estate sourced the opportunity and represented the tenant. Jason Lundy with JLL advised on the transaction and facilitated the JV’s new IOS venture.

ACQUISITION: Finial Group brokers sale of 3.033 AC IOS in Houston metro area. Finial Group has facilitated the sale of 22930 North Freeway in Spring, Texas. The property features a 7,470 SF industrial building. Chase Tucker and Jack Gaffney with Finial represented the buyer in the transaction.

LEASE SIGNED: Leader Properties leases 4.83 AC IOS in Indianapolis. Leader Properties has facilitated the leasing of 1850 Production Drive in Indianapolis, Indiana. The property features a 14,400 SF industrial building. Stefani Lazovska with Leader Properties represented the landlord in the transaction. Karan Cheema with Rize Commercial Realty represented the tenant.

LEASE SIGNED: CBRE leases 2.48 AC IOS in Fort Walton Beach, FL. CBRE has facilitated the leasing of 627 Anchors Street Northwest in Fort Walton Beach, Florida. The property features a 16,720 SF industrial buildings. Anton Grigoriou and Kevin Calihan with CBRE represented the tenant, Ewing Outdoor Supply, in the transaction.

PEOPLE MOVES: Matthews welcomes new IOS Associate. Christopher Bonvillain has joined the Matthews team as an Associate in IOS investment sales. In his new role, Christopher will be focusing on IOS properties across the Southeast region. Christopher will graduate from Louisiana State University in May.

FROM OUR PARTNERS

We Ran Yards Before We Wrote Code

Rig Hut wasn't built in a lab. Our founders operated 800+ truck parking spaces in South Florida, running the same Zelle-and-spreadsheet operation most yard owners are running today.

We built Rig Hut because the tools we needed didn't exist. Payments, inventory, reporting, access control, and marketing all purpose-built for truck parking. Not repurposed from self-storage. Not a marketplace taking 20% of your revenue. Your yard. Your data. Your brand.

And we never stopped building. When an operator asks for a feature, we don't add it to a backlog. We ship it, often the same week, sometimes the same day.

10+ AC | ±30,000 SF Warehouse with Oversized Drive-in Doors | Multiple Industrial Tenants | Heavy Industrial Zoning | Close to I-95, Baltimore Port, and Major Interstates

4.53 AC | Gravel Driveway with Gated Entry | Lit | Security Cameras | Well and Septic | 11,200 SF Warehouse with 1,600 SF Office and (5) 20’x80’ Drive-Through Bays | 3-Phase Power | 5 Minutes to I-35 Exit, 35 Minutes to Providence and Worcester, and 50 Minutes to Airports

For Sale and Lease | 4.52 AC | Fully Fenced | 28,863 SF Warehouse with ±3,328 SF Office and 4 Drive-in Doors | 2,000 Amps/480 Volt 3-Phase Power (TBV) | Ability to Be Rail-Served | Great Access to Santa Fe, I-25, and C-470

2 Sites in Greensboro, NC for Lease or Sale | 5.50 AC and 5.25 AC | Can Subdivide as Small as 1 AC | Highway Visibility with 91,500+ VPD | Easy Access to I-40

4.89 AC | Site Under Construction | Site to Be Paved and Fenced | Area for Modular Office | Easy Access to I-80 via Raley Boulevard

4.5 AC | Concrete-Paved, LED-Lit, Fully Fenced, and Gated Yard | Guard Shack with Access Control | 8’ Perimeter Fencing with Barbed Wire | 6,556 SF Building (4,000 SF Warehouse, 2,556 SF Office) | Dock-High and Grade-Level Loading | Utilities on Site | Close to I-35, Loop 410, San Antonio Intl. Airport, and San Antonio’s Primary Industrial and Logistics Corridors