IOS Daily - August 12 - Topaz Capital launches platform with focus on IOS, small bay industrial

NEWS ROUNDUP

LAUNCH: Topaz Capital launches platform with focus on IOS, small bay industrial. Topaz Capital Group has launched Topaz IOS & SB, a discretionary industrial platform acquiring IOS, low-coverage, small bay, and midbay assets across Florida, Georgia, North Carolina, and South Carolina. The platform buys on its own capital and its own timeline, rather than raising on a deal-by-deal basis. Alongside straight yard deals, Topaz is active on sale-leasebacks, contractor yards, service industrial and airport flex, sources broker-led and pays full-market commissions. Topaz was founded in 2017 and has closed over $500M across 20-plus investments. Marc A. Hershberg and J. Etan Friedman lead the Topaz team.

FINANCING: Realterm originates $64.9M loan for 20-property IOS portfolio. Realterm has originated a $64.9M facility for a national IOS portfolio. The portfolio features 20 properties totaling roughly 286,000 SF on 77.1 AC and is 100% leased. Paul Sisson and Kate Sarris led the Realterm credit team.

DISPOSITION: Team Juan Uribe sells 5 AC IOS in El Paso, TX. Team Juan Uribe has facilitated the sale of 1001 Berryville Street in El Paso, Texas. The property includes a 14,500 SF building. Sebastian Alcazar with Team Juan Uribe represented the seller in the transaction.

ACQUISITION: Bricktop Capital buys 2.63 AC IOS in Fort Worth, TX. Bricktop Capital has acquired 6501 Hart Street in Fort Worth, Texas. The low-coverage property features several industrial buildings totaling 27,000 SF and was fully leased to 3 tenants at closing. Mack Prioleau and Graeme Weaver led the Bricktop Capital deal team. Karson Conrad and Tyler Markwood with Bates Real Estate facilitated the transaction.

ACQUISITION: Alterra buys 2.5 AC IOS in San Francisco metro area. Alterra IOS has acquired 2501 Annalisa Drive in Concord, California. The property includes 19,000 SF of building improvements. Parker Pearson and E. Liam Loftus led the Alterra deal team. Chris Burns with JLL facilitated the transaction.

LEASE SIGNED: Binswanger leases 6.38 AC IOS in Philadelphia. Binswanger has facilitated the leasing of 3740 East Thompson Street and 2645-2715 and 2715R Butler Street in Philadelphia, Pennsylvania. The property includes a 25,000 SF industrial building. The Binswanger Mid-Atlantic Team was led by Chris Pennington and Michael Pennington.

NOW HIRING: ACQUISITIONS OFFICER

The West Coast Acquisitions Officer position will serve as a critical member of IOV’s acquisitions team. This individual will provide deal sourcing, financial modeling, deal underwriting and analysis, market research, transactional due diligence, and investment memorandums for all West Coast-related acquisitions.

This position is highly entrepreneurial and will require an individual to be self-motivated. The individual will have support from both an analyst and a regional construction manager. The individual will focus on specific markets and ideally be based in either Denver or LA / Inland Empire.

 Key Responsibilities include:

• Develop and maintain relationships with industry professionals including but not limited to brokers, sellers, tenants, architects, engineers, debt providers, etc.

• Source acquisition opportunities that fit within IOV’s investment thesis within the specific targeted region

• Prepare acquisition financial models, investment presentations, deal summary memorandums, market research, etc.

• Evaluate local market drivers including supply, demand, demographics, rental absorption trends, cap rates, and comparable sales data

• Perform due diligence activities

• Travel within the West region is required. Specifically, Denver, Phoenix, Las Vegas, Reno, LA, Inland Empire, Salt Lake City, and Seattle

• Assist in valuation process, including updating models and presenting results

• Assist with the training and development of the assigned Analyst

14.2 AC | Fully Fenced with Security Lighting and Controlled Access | All-Weather Paved Parking (Seminole Avenue) | Improved Access via New Hoffner Avenue/Patch Road Signal | 5282 Patch (2 AC): 1,739 SF Office Building with Secured IOS Yard | 5284 Patch (2 AC): 3,842 SF Office, 3,200 SF Warehouse, and Secured IOS Yard | 6302 Seminole (10.2 AC): 247-Space Secured Truck and Trailer Facility | Immediate Access to SR-528 Beachline Expressway, SR-417 GreeneWay, and I-4 | Approx. 4 Miles from Orlando Intl. Airport

For Sale and Lease | Asking Price: $2,000,000 | Rental Rate: $15,000/Mo. NNN | ±4.28 AC of Concrete and Secured Parking with Exterior Lights, Electric Plug-ins, and Cameras | ±14,000 SF Maintenance Building (Renovated in 2014) Includes New Air Make-up System, Air Lines, Cranes, Oversized Overhead Doors and Office Space | Centrally Located ±5 Miles West of I-43 and ±5 Miles East of I-41/Hwy 45

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

2.79 AC | Paved, Lit, and Secured Yard | 8,113 SF (3,200 SF Shop and 4,913 SF Office) | Shop Has 6 Grade-Level Doors and 16’ Clear Height | Office Building Has 7 Private Offices, 2 Estimator Rooms, Conference Room, and Reception Area | 44 Parking Spaces | Existing Concrete Pad Set for Future Above-Ground Fuel Tank | Proximate to Loop 101, I-17, and US-60

3.86 AC | Fully Fenced Yard with Block Walls and Gated Access | 11,000 SF Building With 3,500 SF Office and 7,500 SF Warehouse | 3 Grade-Level Roll-up Doors | 3-Phase Power | Close to I-515 and I-215 | Zoned IL (Light Industrial) | Owner May Consider a Sale | SEE VIDEO

0.53 AC | Fenced, Graveled, and Lit Outside Storage Yard | Power Available: (1) Outdoor 100a 480/277v 3-Phase Panel and (1) 225a 208/120v 3-Phase Panel of Optional Standby Power (Generator) on Site | Private Automated Vehicular Gate Access | Central Eastside Location with Easy Access to Willows Road and WA-520 | Proximity to Meta, Microsoft, and Amazon