IOS Daily - August 7 - Zenith IOS, J.P. Morgan Asset Management secure $215M credit facility

NEWS ROUNDUP

FINANCING: Zenith IOS, J.P. Morgan Asset Management secure $215M credit facility. Zenith IOS and institutional investors advised by J.P. Morgan Asset Management have closed a $215M senior secured credit facility led by KeyBank, with Truist serving as joint lead arranger, to expand their IOS portfolio. Jessica Lauerhass with KeyBank led the lending team. Justin Horowitz, Ben Knopf, and Josh Tropper with Cooper-Horowitz sourced the financing. Benjamin Atkins, Vinh Thai, and Max Rodenborn led the Zenith deal team.

ACQUISITION: Alterra buys 7.4 AC IOS in Norfolk, VA, metro area. Alterra IOS has acquired 3812 Cook Boulevard in Chesapeake, Virginia. The low-coverage property features 58,423 SF of building improvements. Gavin Weaver led the Alterra deal team. Ben Anderson with Colliers facilitated the transaction.

DISPOSITION: KSR sells 10.5 AC IOS in Austin, TX. Kassin Sabbagh Realty (KSR) has facilitated the sale of 11701 Von Quintus Road in Austin, Texas. The property features 7,500 SF of industrial improvements. Emil Shabot led the Kassin Sabbagh Realty deal team. The buyer was Hyde Park Real Estate, led by Sameed Gagai, Christian Zyire Ardoin-Dural, and Milco Cipriani.

LEASE SIGNED: Jadian IOS buys 4.4 AC ISF in Avenel, NJ. Jadian IOS has acquired 190 Homestead Avenue in Avenel, New Jersey. The industrial service facility (ISF) property features a 29,350 SF industrial building. The Jadian deal team included John Grib, Alex Stahl, and Daniel Schuchinsky.

LEASE SIGNED: Colliers, CBRE lease 1.8 AC IOS in Denver metro area. Colliers and CBRE have facilitated the leasing of 1.8 AC of IOS space and a 9,000 SF industrial building at 1021 US-85 in Brighton, Colorado. Nic Carter, Daniel Close, and Todd Witty with CBRE represented the landlord, while Nicholas Nasharr, Nick Rice, and TJ Smith with Colliers represented the tenant, DEN Towing Specialists.

LEASE SIGNED: Rove Property Group leases out 1.7 AC IOS in Austin, TX. Rove Property Group, in partnership with Malgi LLC, has leased out 10300 North I-35 Frontage Road in Austin, Texas. The property includes 8,000 SF of industrial improvements. Matt McNutt led the Rove Property Group deal team. Michael McDermott and Roger Hanks with CBRE negotiated a 5-year lease with United Rentals for the property.

IOS IS TAKING OVER LAS VEGAS

Yards. Ports. Capital. Vegas.

Join 500+ IOS owners, investors, lenders, tenants, and brokers in Las Vegas on February 3 for a 2027 kickoff conference. Find out how the major IOS players will direct capital and acquisition efforts in the coming year.

The event will feature a two expert panels sharing tactical intelligence on IOS markets in the Heartland, Mountain Region and West Coast, along with the latest in deal structuring and tenant demand. We’ll celebrate the Top IOS Owners and Top IOS Brokers for 2026. Then, we'll connect over food, drinks, and music with the people who control deal flow, capital, and tenant relationships. 

IOS West is an invite-only event. Apply below for access and forward to colleagues and contacts who are active in the space.

→ Click here to request an invitation: IOS WEST

Front Portion (±27.4 AC) — $160K/AC: ~17,854 SF of Structures (Warehouse/Office, Covered Awning, Storage Shed), Majority Sub-base/Concrete/Parking Coverage, Water Well, OSSF, Dedicated Entrance | Back Portion (± 40.92 AC) — $75K/AC: Water Well, ~5 AC Paved Yard, Raw Land for Phased Build-out, Dedicated Access off Memory Lane | Entire Property (± 68 AC) — $99K/AC: Whole-Property Acquisition Available

4.53 AC | Gravel Driveway with Gated Entry | Lit | Security Cameras | Well and Septic | 11,200 SF Warehouse with 1,600 SF Office and (5) 20’x80’ Drive-Through Bays | 3-Phase Power | 5 Minutes to I-35 Exit, 35 Minutes to Providence and Worcester, and 50 Minutes to Airports

10.12 AC | Ideal for Heavy Outdoor Storage | Perimeter Fencing | Automatic Gate | Power Hookups Throughout Yard | Class A Infrastructure, Including (10) 16’x14’ and (20) 10’x10’ Overhead Doors | Specialized Vehicle Wash Bay | Multi-Fuel Island | Close to I-65, I-70, I-465, Indianapolis Intl. Airport, and Global FedEx Hub | I-4 and C-7 Zoning Supports Wide Range of IOS and Commercial Operations

1.09 AC | Paved, Lit, and Partially Fenced | Utilities Onsite | 7,500 SF Warehouse with (6) 12’x12’ Bay Doors with High Loading Docks | 1,650 SF Office Space with 5 Offices, Receptionist Area, and Small Kitchen | Highway 80 West Frontage | Close to I-20 | Asking Rent: $7,500/Mo. (Absolute NNN)

FOR SALE OR LEASE | 5.74 AC (Divisible for Lease) | Fully Fenced with Secure Gate and Graveled Parking Area | Located Directly off I-40 Ramp | 3 Miles From Downtown Greensboro and 3 Miles from I-865 | Build-to-Suit Is Also Possible | SALE PRICE: $4,770,000 | Rental Rate: $5,250/AC/Mo. (NNN)

4.89 AC | Site Under Construction | Site to Be Paved and Fenced | Area for Modular Office | Easy Access to I-80 via Raley Boulevard