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  • IOS Daily - March 31 - Clarion Partners enters IOS space with financing, acquisition

IOS Daily - March 31 - Clarion Partners enters IOS space with financing, acquisition

Clarion Partners acquires Houston IOS. Unique Properties sells Colorado Springs IOS. Alterra buys Philadelphia area IOS. Stone Valley buys IOS in Stockton, California. Bespoke buys Boise IOS. Six new IOS deals.

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Now, let’s get to it.

NEWS ROUNDUP

Clarion Partners acquires Houston IOS

INDUSTRY DEVELOPMENT: CPREX enters IOS space with financing, acquisition. Clarion Partners Real Estate Income Fund (CPREX) has made its IOS sector debut. The closed-end fund, which is offered by Franklin Templeton and Clarion Partners, is providing a first mortgage loan to a joint venture between Outour Storage Investments and affiliates of Cerberus Capital Management for a portfolio of 8 IOS properties totaling more than 50 acres. The properties are located in 7 metro areas: Atlanta, Chicago, Dallas-Fort Worth, Houston, Inland Empire, Las Vegas, and Chicago. In addition, CPREX has acquired 15550 Export Plaza Drive in Houston, Texas. The property features a 27,800 SF industrial building on 7.6 acres. Trey Erwin, Josh Carl, and Jason Dannatt represented the seller in that transaction. The CPREX deal team included Brent Jenkins and Rick Schaupp.

Unique Properties sells Colorado Springs IOS

DISPOSITION: Unique Properties sells IOS in Colorado Springs, CO for $2.6M. Unique Properties has brokered the sale of 5055 List Drive in Colorado Springs, Colorado. The 1.94 acre property features an 8,136 SF industrial building, and the seller was ErvoSquare. Brett MacDougall and Michael DeSantis with Unique Properties facilitated the off-market transaction. The ErvoSquare deal team was led by Michael Ervolina and Cole Hubbard.

Alterra buys Philadelphia area IOS

ACQUISITION: Alterra buys 4.9 acre IOS in Philadelphia, PA metro area. Alterra IOS has acquired 223 Paulsboro Road in Swedesboro, New Jersey. The property includes 2 industrial facilities totaling 24,600 SF and is located within 10 miles of another recent acquisition, 289 Dominic Lane in Paulsboro, New Jersey (which we covered in our March 5 issue). The Alterra deal team was led by Mark Gannon. Scott Mertz with NAI Mertz facilitated the transaction.

Stone Valley buys IOS in Stockton, California

ACQUISITION: Stone Valley buys 4.3 acre IOS in Stockton, CA. Stone Valley Investments has acquired 1808 East Mariposa Road in Stockton, California. The property features a 7,600 SF warehouse plus a 1,200 SF covered shop area. The Stone Valley deal team was led by Tom Fehr and Brooks Stratmore. Wes Widmer, Mike Goldstein, Alex Hoeck, and Ryan McShane with Colliers facilitated the transaction and are currently marketing the property for lease.

Bespoke buys Boise IOS

ACQUISITION: Bespoke Holdings buys 10.93 acre IOS in Boise, ID. Bespoke Holdings Co. has acquired 4620 South Apple Street in Boise, Idaho. This is the 5th acquisition in the firm’s Bespoke Industrial Income Plus Fund II. The Bespoke Holdings deal team included Blair Eklund and Rob Hamm. Michael McNeight with Colliers represented Bespoke Holdings in the transaction and is currently marketing the property for lease.

SPACE NEEDED

Florida space needed

Boutique National represents a client with the following need:

Geography: Tampa to Naples and/or Melbourne to Miami

Timing: ASAP

Office: ± 1,500 SF (Enough offices for 5-8 employees); Small warehouse a bonus

Outdoor Storage: At least 3 AC for trailer/equipment storage

Additional: Purchase or Lease — if lease, 3-5 year term. Option to purchase is a bonus.

IOS FOR SALE

Click on each photo for more information.

IOS for sale in Sauget, IL

3101 Mississippi Avenue, Sauget, IL 62206

24.68 AC | Graveled, Fenced, and Gated Lot | Managed Truck Parking Development Expected to Be Completed by Summer 2025 | Close Proximity to I-64, I-55, I-44, and I-70 | Adjacent to Phillips 66 Truck Terminal Station

IOS for sale in Beech Island, SC

1137 Atomic Road, Beech Island, SC 29842

8.39 AC | 21,324 SF Warehouse | 2,250 SF Office | 100% Leased Through 5/31/2033 | 16% Scheduled Rent Increase in June 2028 | 3% Annual Rent Increases Throughout Option Periods

IOS for sale in Fairfield, CA

5044 Peabody Road, Fairfield, CA 94533

9.75 AC | 5 AC of Leased Yard | 4.75 AC of RV Storage | Small Residence and Shop Building

IOS FOR LEASE

Click on each photo for more information.

IOS for lease in Las Vegas <NV

5445 Cecile Avenue, Las Vegas, NV 89156

Up to 15 AC Available | Hard Surface | 8’ Screened Fencing | 24-Hour Camera Monitoring | Nightly Roaming Security | Secure Roll-Gate Entrance | Close to All Highway Systems | Call 702-376-7344 for More Details

IOS for lease in Lakeland, FL

5320 North Combee Road North, Lakeland FL 33805

4 AC | Fenced and Lit | I2 Zoning (Allows for Industrial Outdoor Storage) | Available Immediately | Close to I-4, Central Florida Freight Rail Network, and Lakeland Linder Intl. Airport

IOS for lease in Rising Fawn, GA

51 and 87 Newsome Gap Road, Rising Fawn, GA 30738

12-19 AC (Divisible) | Fencing and Lighting | 1,600 SF of Rail Siding | 2 Separate Hard-Surface Driveways | Utilities: Water, Power, and Septic | Close to I-59 | Located in Metro Chattanooga

ONE MORE THING

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