IOS Daily - April 4 - American Property Group sells IOS in Sarasota, FL area for $3M

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NEWS ROUNDUP

DISPOSITION: American Property Group sells IOS in Sarasota, FL area for $3M. American Property Group of Sarasota has facilitated the sale of 1330 10th Street East in Palmetto, Florida. The 2.61 acre property includes a 17,336 SF warehouse. The American Property Group deal team was led by Adam Doak.

ACQUISITION: Bleecker Partners buys 4.49 acre IOS in Houston, TX. Bleecker Partners has acquired 6106 Rookin Street and 6121 Tarnef Drive in Houston, Texas, in a short-term sale-leaseback deal. The properties feature 39,654 SF of shop and storage space. Robby Derrick led the Bleecker Partners deal team. Zack Taylor with Colliers facilitated the transaction.

ACQUISITION: Everwood buys 2 acre IOS in Atlanta, GA metro area. Everwood Real Estate Partners has acquired 111 Holt Industrial Circle in Acworth, Georgia, in a sale-leaseback deal with Nextier Infrastructure Solutions. The property features an 11,300 SF industrial building. William Peeples, Rob Wallace, and John Bedula led the Everwood team. Garrison Price and Stephen Pond with Industry Real Estate Partners helped Everwood source the opportunity.

DISPOSITION: Binswanger sells 2.54 acre IOS in Philadelphia, PA metro area. The Binswanger Mid-Atlantic Team has sold 1054 Horsham Road in North Wales, Pennsylvania. The property features a 7,700 SF industrial building. Timothy Pennington, Matthew Corrigan, and Sean Stitz with Binswanger represented the seller in the transaction.

LEASE SIGNED: Prescott leases 2 acre IOS in Boston, MA metro area. Prescott has facilitated the leasing of 2 acres of IOS space at 555 Main Street in Hudson, Massachusetts, as well as 5,000 SF of industrial space in a 107,00 SF total building. The new tenant is JDC Demolition. David Skinner and Vincent Cannistraro with Prescott represented the landlord, Kassin Sabbagh Realty (KSR), in the transaction.

PEOPLE MOVES: Open Industrial hires new Director of Acquisitions. Michael McCaffrey has joined the Open Industrial team as a new Director of Acquisitions. Michael will be leading acquisition efforts in the Tri-State region. His previous experience includes roles with Brookfield Asset Management and Brookfield Properties.

FROM OUR PARTNERS

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For Sale and Lease | 6.85 AC | 4,400 SF Building with 4 Drive-in Doors | Graveled | 3 Phase Power | Utilities Onsite | Close to NJ Turnpike and Route 73, Which Connects to I-295 | Convenient Access to Surrounding Areas and Key Highways in the Region

For Sale and Lease | 9.7 Gross AC | Easy Access to I-95 and the FL Turnpike | City Water and Sewer | Located in a Qualified Federal Opportunity Zone

5.35 AC | 15-Year Absolute Net Sale/Leaseback with EquipmentShare | 6.20% Cap Rate | 13,400 SF Industrial Building | Location Serves Northeast Houston Suburbs

6 AC | 20,000 SF Warehouse | Best Location in Newark, with Proximity to NJ Turnpike, US-1-9, I-280, and I-78 | Near Goethals Bridge, Newark Liberty Airport, and Port Newark/Elizabeth | Immediate Access to NYC Markets

4.12 AC | Fully Fenced and Graveled | Outdoor Lighting | Utility Hookups for Modular Office | Close Proximity to I-85

2,500 SF Available | Updated Fence and Gate | Updated Lighting | Maintenance Warehouse | Secured and Stabilized