IOS Daily - February 4 - Brookfield to buy Peakstone Realty Trust for $1.2B

NEWS ROUNDUP

ACQUISITION: Brookfield to buy Peakstone Realty Trust for $1.2B. Brookfield Asset Management has agreed to acquire Peakstone Realty Trust in a $1.2B ($21 per share) all-cash deal. The deal values the industrial-focused REIT at premiums exceeding 30% and follows Peakstone’s strategic shift to an industrial-only portfolio, including 60 industrial outdoor storage properties. Lowell Baron led the Brookfield deal team, while the Peakstone team was led by Michael Escalante.

DISPOSITION: Cushman & Wakefield sells 11 AC IOS in Inland Empire. The Cole-Napolitano Team at Cushman & Wakefield has facilitated the sale of 13680 Slover Avenue in Fontana, California. The property includes 19,860 SF of industrial buildings. The CushWake deal team included Nico Napolitano, Jeffrey Cole, and Kristen Schottmiller.

DISPOSITION: KSR sells 7 AC IOS in Palmetto, FL, for $3.75M. Kassin Sabbagh Realty (KSR) has facilitated the sale of 3208 17th Street East in Palmetto, Florida. The property includes a 3,816 SF industrial building. The buyer was The Macritchie Group, and the seller was Roadworthy Trailer Sales. Joseph Kassin and Steven Pollan led the KSR deal team.

ACQUISITION: Transport Properties buys 6.7 AC IOS in South Plainfield, NJ. Transport Properties has acquired 110 Sylvania Place in South Plainfield, New Jersey. The property features a 30,000 SF warehouse and repair facility on a fully paved lot. Alexander Mollozzi led the Transport Properties deal team. TJ Calderone, Doug Bansbach, and Linda Hill with Colliers facilitated the transaction.

LEASE SIGNED: First Houston properties leases 2.6 AC IOS in Laredo, TX. First Houston Properties has facilitated the leasing of 606 Grand Central Boulevard in Laredo, Texas. The property includes a 12,120 SF warehouse. Juan Fraga with First Houston represented the tenant, Century Trucking Inc., in the transaction.

FINANCING: Black Bear Capital Partners arranges $7.5M loan. Black Bear Capital Partners has closed a $7.5M loan secured by a 13.5 AC IOS property in Lithia Springs, Georgia. The financing features a 3-year term with a fixed rate and payments based on a 20-year amortization schedule. Brandon Harris with Black Bear arranged the loan on behalf of the ownership.

4.73 AC | Partially Paved | Graveled | Electric Fence with Automatic Gates | 3-Phase Power | Utilities on Site | 6,000 SF Total Building (4,800 SF Warehouse and 1,200 SF Office) | 5 Miles to I-15

1.3 AC | Fenced | Zoned M-1 (Heavy Industrial) | Excellent Location Near Prince William Parkway, US-28, and I-66

5.05 AC | Fenced and Lit | 24-Hour Access Gate with Cameras | Prime Proximity to I-75 | Rail Spur from Norfolk Southern Approved for the Site

6.73 AC Total | 3.5 AC of IOS | Fully Fenced | 9,400 SF Warehouse with (8) 10’x14’ Grade-Level Doors, 18’ Clear Height, Integrated Office Space, and Mezzanine | 7,390 SF 2-Story Office Building with Ample Parking | Direct Frontage and Visibility Along I-4

9.45 AC Available | Fully Fenced with Block Wall Security | 9,492 SF Warehouse and 2,416 SF Office | 2,042 SF Open Work Bay | 800 Amps, 3-Phase Power | 2 Ingress/Egress Points

4.71 AC | Fenced, Lit, and Graded with Millings | Heavy Industrial Zoning Permits Truck, Chassis, and Car Parking | Easy Access to I-95 and US-9 Bypass