IOS Daily - August 20 - Green Courte buys 32 acre IOS in Tampa, FL for $37.8M

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ACQUISITION: Green Courte buys 32 acre IOS in Tampa, FL for $37.8M. In our June 20 issue, we mentioned that Green Courte Partners has acquired 1650 Hemlock Street in Tampa, Florida. We now know that the sale price was $37.8M. The seller, Hendry Marine Industries, will lease back a portion of the site, while Green Courte plans to redevelop 16 acres into new IOS space. The Green Courte deal team included Currey Hall, Jordan Kerger, Ashli Malatek, Anthony Farella, TJ Sobczak, and Zachary Bonheyo.

DISPOSITION: Matthews sells 5-property Midwest IOS portfolio for $6.2M. Matthews has facilitated the sale of 5 properties in Nebraska, Iowa, and Illinois. The portfolio features 121,406 SF of industrial buildings on a total of 12.7 acres. During the marketing process, the Matthews team worked with the tenant, White Cap, to secure early lease extensions and aligned the rent to market rates. John Stroud, Erik Manarino, and Taylor Dintzner with Matthews represented the seller in the transaction. The properties in the portfolio are:

• 1100 2nd Avenue in Rock Island, Illinois

• 320 West 18th Street in Waterloo, Iowa

• 6820 J Street in Omaha, Nebraska

• 1213 East Maple Street in Maquoketa, Iowa

• 2910 West Old Highway 30 in Grand Island, Nebraska

DISPOSITION: DAUM sells 5.46 acre IOS in Phoenix, AZ for $5.925M. DAUM Commercial Real Estate Services has facilitated the sale of 5145 West Madison Street in Phoenix, Arizona. The property includes a 19,500 SF industrial building. The buyer was Jadian IOS. Nick Reinhardt, Trevor McKendry, Chris Rogers, Beau Citron, and Nick Fajardo with DAUM Phoenix represented the seller in the transaction.

ACQUISITION: Piedmont Properties brokers sale of 12 acre IOS in Duncan, SC. Piedmont Properties has facilitated the sale of 361 and 391 Leonard Road in Duncan, South Carolina. The property includes a 6,000 SF warehouse and office building. Lester Osborn and Scott Hensley with Piedmont Properties represented the buyer, XTRA Lease, in the transaction. Rob Williams with Stream Realty Partners represented the seller.

ACQUISITION: Zenith buys 8 acre IOS in Dallas, TX. Zenith has acquired 35080 Lyndon B Johnson Freeway in Dallas, Texas. The property features a 15,000 SF truck service facility. Anton Pick led the Zenith deal team. Wyatt Huff and Hunter Stockard with Partners facilitated the transaction.

READ: Yellow Corp. continues to sell terminals in bankruptcy.

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12.75 AC | 2 Large Yards with Capacity for More Than 60 Truck and Trailer Parking Spaces | 267,000 SF Industrial Building with 8 Loading Docks and 3 Drive-in Doors, 50’x50’ Column Spacing, and 16’-24’ Ceiling Heights | Heavy Power Capacity with 600 Amps | Rail Spur Connection at the Rear | Close to I-55 Interchange in Lincoln, IL | Bidding Opens 9/23 and Ends 9/25

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For Sale and Lease | 5.64 AC | Located Directly off I-40 Ramp | Fully Fenced with a Secure Gate | Graveled Parking Area | Build-to-Suit Also Possible

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