IOS Daily - April 23 - Industrial Outdoor Ventures buys 5.05 acre IOS in Denver area

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NEWS ROUNDUP

ACQUISITION: IOV buys 5.05 acre IOS in Denver, CO metro area. Industrial Outdoor Ventures (IOV) has acquired 5350 Newport Street in Commerce City, Colorado. The property includes a 24,000 SF warehouse and 3,500 SF of office space. The current tenant, Ferguson Fire and Fabrication, has occupied the property for more than 20 years. The IOV deal team included Tom Barbera, Nick Firth, Eric Johnson, Benjamin Backer, Anthony DeLaurentis, Mike Rotolo, Raymond Keeler, and Tina Torossian.

ACQUISITION: Alterra buys 2.06 acre IOS in Seattle, WA metro area. Alterra IOS has acquired 3037 Center Street in Tacoma, Washington. The low-coverage property features 3 industrial buildings totaling 31,510 SF. Parker Pearson led the Alterra deal team. Jeff Crane and Jack Crane with The Andover Co. represented Alterra in the transaction.

DISPOSITION: Coldwell Banker sells 2 acre IOS in Chicagoland for $1.075M. Coldwell Banker has facilitated the sale of 235 Industrial Drive in Hampshire, Illinois. The property includes 2 metal buildings totaling 8,894 SF, including 600 SF of office space and a 600 SF mezzanine. The Coldwell Banker deal team was led by Pradeep Singh.

LEASE SIGNED: Everwood RE Partners leases 5.48 acre IOS in Houston, TX. Everwood Real Estate Partners has fully leased 102 Bennington Street in Houston, Texas, to AAA Cooper Transportation. The newly-renovated property features a 23,080 SF truck terminal. The Everwood deal team included William Peeples, Rob Wallace, and John Bedula. James Mashni, Patrick McKiernan, Juan Fraga, and Samuel McGurk with First Houston Properties facilitated the transaction.

LEASE SIGNED: Newmark leases 2.07 acre IOS in Minneapolis, MN metro area. Newmark has facilitated the leasing of 13733 Lake Drive Northeast in Columbus, Minnesota. The property features a 5,850 SF industrial building. The new tenant is The Davey Tree Expert Co. Jay Chmieleski, Patrick Cullen, and Mari Hansen with Newmark represented the landlord in the transaction.

READ: The potential impacts of tariffs on Chinese goods on American small businesses. “‘When the brands fail, they will be purchased out of bankruptcy by their Chinese factories, who thus far have been building everything except a customer-facing brand,’ [Flexport’s Ryan Petersen] said. This vertical integration would allow Chinese firms to dominate the value chain, undermining decades of American entrepreneurial effort.”

FROM OUR PARTNERS

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2.31 AC | Fully Fenced | 15,000 SF Multi-Tenant Industrial Building | Short-Term Leases | Available as Owner/User or Investment Property

5.87 AC | 6,000 Rentable SF | Close to SR-520, SR-528, and I-4 | Zoned C-3

0.64 AC | 1,200 SF and 394 SF Canopy Structures | Fully Fenced | Utilities to Site | Convenient Access to I-10, I-17, and Loop 202

1.35 AC | 9,699 SF Industrial Warehouse | Fully-Fenced Lot | 16’-30’ Clear Height | (2) 28’x14’ Doors | Heavy Industrial Zoning | Minutes from I-295 and I-95

5.7 AC | Flat, Graveled, Fenced, Secured, and Ready to Accommodate a Wide Range of Uses Including General Storage of Equipment, Materials, and Parking | Close to I-77, I-80, and I-71 | Heavy Industrial Zoning

9.31 AC (5.50 Usable AC) | Easy Access to I-40 and I-85 | Only 15 Minutes to Piedmont Intl. Airport | Light Industrial Zoning