IOS Daily - February 21 - Catalyst buys 7 acre IOS in Charleston, SC for $5.9M

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NEWS ROUNDUP

ACQUISITION: Catalyst buys 7 acre IOS in Charleston, SC for $5.9M. Catalyst Investment Partners has acquired 139 Hanniford Drive in Charleston, South Carolina. The property includes a warehouse, service facility, and office totaling 41,560 SF. The Catalyst deal team was led by Patrick Mullen and Brandon Johnson. Jon-Michael Brock and Alex Whittemore with Lee & Associates will be handling the leasing.

ACQUISITION: COARE buys 1.6 acre IOS in Tampa Bay area. COARE Companies has acquired 11050 70th Avenue in Seminole, Florida. The property features a 5,240 SF warehouse and a 3,424 SF shop building. The COARE deal team included Stephen Barry and Hansel Rodriguez. Simon Bentolila and Steven Bentolila with Bento Property Group facilitated the deal. Bradley Hutton, David Hovis, and Patrick Kelly with Franklin Street are currently marketing the property for lease.

ACQUISITION: InLight buys 7.21 acre low-coverage site in Atlanta metro area. In a joint venture with institutional investors advised by J.P. Morgan Asset Management, InLight Real Estate Partners has acquired 2370 Sullivan Road in College Park, Georgia. The property features 167,760 SF of warehouse space. The InLight deal team included David Burch, Jeff Berryhill, Logan Schroeder-Stephens, and Eric Sterneld. Douglas Biggs, Lewis Sloan, and Grant Cochran with Colliers facilitated the sale. Darren Ross and Harrison Marsteller, also of Colliers, are currently marketing the property for lease.

DISPOSITION: CushWake sells 2.13 acre site with IOS yard in Inland Empire. Cushman & Wakefield has brokered the all-cash sale of 10235 Bellegrave Avenue in Jurupa Valley, California. The property features a 21,645 SF industrial building that is 100% leased. The CushWake deal team was led by Nico Napolitano. He was the only broker involved in the transaction.

LEASE SIGNED: DarwinPW Realty leases 1.16 acre IOS in Chicago, IL. DarwinPW Realty has facilitated the leasing of 3965 West 41st Street in Chicago, Illinois. The property includes a 4,200 SF maintenance facility. Ali Nix and Marc Hale with DarwinPW represented the landlord, Pro Excavation Inc., in the transaction.

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FROM OUR PARTNERS

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For Sale or Lease | 7.25 AC | 9,000 SF Warehouse | Graveled and Fenced | Barge and Water Access | Close to NJ Turnpike Exit 7 | Heavy Industrial Zoning

For Sale and Lease | ±34 AC (Divisible to ±14 or ±20 AC) | Site Dimensions: 1,262’x1,216’ | POD Zoning with Requirements Complying with the IND-2 IUPD Development Standards | 1.4 Miles from Loop 303 and 0.5 Miles from Northern Parkway

34.35 AC | Shovel-Ready | 190,441 SF with 70,441 SF Pre-Lease Built-to-Suit | Additional (12) 10,000 SF Warehouses on Individual Lots of 1.4-2 AC | Ample Space for Outdoor Storage

5.48 AC | 23,080 SF Truck Terminal with 3,725 SF Office | 65 Dock Positions | Ramps | 3-Phase Power | Paved | Fully-Lit | Fully-Renovated

9 AC | 12,000 SF Warehouse | Close to Major Interstates, Intl. Airport, and CSX Terminal | Heavy Industrial Zoning

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