IOS Daily - August 19 - Realterm, Starwood co-originate largest-ever IOS financing

NEWS ROUNDUP

FINANCING: Realterm, Starwood co-originate largest-ever IOS financing. Realterm and Starwood Property Trust have co-originated a $672M IOS refinancing loan for a portfolio of 78 IOS properties. The portfolio totals 830 AC across 33 US markets and is owned by Stonemont Financial Group and Cerberus Capital Management. Eastdil Secured Savills arranged the transaction. Paul Sisson led the credit team at Realterm, while the Starwood team included Jeffrey DiModica and Dennis Schuh.

ACQUISITION: Alluvion Partners buys 2.5 AC IOS in Houston metro area. Alluvion Partners has acquired a 2.5 AC IOS property in the Houston metro area. The property features a 14,383 SF industrial building. Prior to closing, Alluvion executed a new long-term lease with Nationwide Trailers in a deal facilitated by Wes Babb with Colliers. Walker McCairns facilitated the acquisition. Dean Taylor led the Alluvion deal team.

DISPOSITION: Foundry Commercial sells 5 AC IOS in Tampa metro area. Foundry Commercial has facilitated the sale of 4021 Tampa Road in Oldsmar, Florida. The low-coverage property includes 16,764 SF of industrial improvements. The Foundry deal team included Dale Peterson, Christine Mansour, Joe Chick, Chris DeMartino, and Meghan Moeltner.

ACQUISITION: Apricus Realty Capital buys 4.3 AC IOS in San Antonio. Apricus Realty Capital, in partnership with ABR Capital Partners, has acquired 8799 Crownhill Boulevard in San Antonio, Texas. The property features a 53,100 SF crane-served industrial facility and marks the company’s 1st acquisition in the San Antonio IOS market. The Apricus deal team included Cort Martin, J Matthew Haley, and Garrett Marler.

ACQUISITION: CBRE brokers sale of 4.12 AC IOS in Minneapolis metro. CBRE has facilitated the sale of 9188 Cottonwood Lane North in Maple Grove, Minnesota. The property features 3 buildings totaling 14,435 SF and is leased to Viking Pallet. Myles Harnden, Hunter Weir, and Jack Perrill with CBRE represented the buyer, Jadian IOS, in the transaction.

LEASE SIGNED: Lober Real Estate leases 4.5 AC IOS in Clearwater, FL. Lober Real Estate has facilitated the leasing of 12175 122nd Avenue North in Clearwater, Florida. The property features a 4.5 AC laydown yard owned by Catalyst Investment Partners, and the new tenant is a concrete crushing operator. The Lober deal team was led by Robbie Lober and Devin Beeler. The Catalyst deal team included Brandon Johnson, Drew Miles, Nell Hurley, Adrian Golec, Max Heiden, Kyle Earley, and Dan Haroun.

FROM OUR PARTNERS

5.02 AC | Fully Fenced and Secured with Electric Gate | Road-Base Surface Engineered with 4% Slope | Site Lighting Throughout | Water Onsite | 200 Amp Electrical Service | New Aboveground Fuel Tank | Cattle Guard at Entrance | Office Trailer and Storage Buildings | Powered Conex Container | Minutes from Peterson Space Force Base and Colorado Springs Airport | Convenient Access to Powers Boulevard, US-24 and I-25 | Asking Price: $2,600,000

107 AC | No Zoning | Blank-Slate IOS Site | Served by Heavy Power Line Structure and 10” Water Main | Contiguous with Highway 377 (Martin Luther King Jr. Avenue) within a Qualified Opportunity Zone | Within 1 Mile of CSX Rail Capacity, 30 Minutes from Florence, 50 Minutes from Georgetown, and 75 Minutes from Port of Charleston | Situated within NESA and PeeDee Development Footprints, Offering Supportive Environment

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

4.5 AC | Flat, Packed Laydown Yard Space | Secured and Well-Lit | Immediate Access to Asheville Regional Airport | 1 Hour to Inland Port of Greer and Greenville/Spartanburg Airport

2.25 AC | Paved Lot | 6,230 SF Industrial Building with 3 Large Overhead Drive-in Doors and 14’ Clear Height | Heavy Industrial Zoning

2.98-18.38 AC Available | Fenced and Partially Paved | 2 Points of Ingress/Egress | 51,700 SF Building with 7 Drive-in Doors | 3 Billboards | Heavy Industrial and Medium Industrial Zoning | 1,270’ Frontage on I-76