IOS Daily - April 19 - Adana buys 9 acre IOS in Charlotte for $5M

NEWS ROUNDUP

ACQUISITION: Adana Capital buys 9 acre IOS in Charlotte, NC for $5M. Adana Capital has purchased 4801 N. Graham Street in Charlotte, North Carolina. The 9.3 acre IOS features two buildings totaling 56,880 SF. The property sold for just under $5 million. Adana also acquired an adjacent 8 acre parcel that could be used for further IOS development or another warehouse. The Adana deal team included Charles Lintakoon.

ACQUISITION: CoreOne buys 2 acre IOS in Pennsauken, NJ. CoreOne Industrial has acquired 9101 River Road in Pennsauken, New Jersey, a suburb of Philadelphia. The 2.2 acre IOS property features an 8,940 SF truck terminal building. The off-market deal was facilitated by Steven Bentolila of Bento Property Group and Solomon Michailow of S2 Property Group. The CoreOne deal team included Robert DePiero and Corey Isdaner.

ACQUISITION: K2 and Bear close on 12.5 acre IOS in Spartanburg, SC. A partnership between K2 Real Estate Capital and Bear Development Holdings purchased 140-150 Access Road in Spartanburg, South Carolina. The 12.5 acre property includes a 25,500 SF cross-dock warehouse with 70 enclosed positions and an 11,040 SF service facility. The property is leased to Landair Transport. The K2 deal team included Mitch and Rob Kaplain. Justin Horowitz with Cooper Horowitz handled the financing.

FUNDRAISING: Alterra’s IOS Venture III LP fund raises $900M. The initial goal for the fund was $750 million. Contributors include the Ohio Police & Fire Pension Fund, the San Francisco Employees’ Retirement System, and the Employees Retirement System of Texas. Currently, Alterra’s portfolio of 185 IOS properties in more than 30 states has a net value of roughly $2.5 billion.

PEOPLE MOVES: Catalyst adds 5 IOS professionals to its team. Catalyst Investment Partners has added 5 new team members: Drew Miles, leasing manager; Agata Wójcik, financial controller; Nell Hurley, associate; Noah Goldstein, analyst; and Von Hobe, analyst. The new hires bring Catalyst’s IOS-focused team to 20 professionals.

WATCH: Why everyone is talking about Laredo, TX.

FOR SALE: Dallas, TX – 10 acre IOS

Address: 4316 Langdon Road, Dallas, TX 75241

Features: Graveled, lit, fenced, gated

Close To: I-20, I-35, I-45

Zoning: Dallas Logistics Port Special Purpose District (PD 761)

Asking Price: $3,500,000

Info: LINK

FOR SALE: Salt Lake City, UT - 1.02 acre IOS

Address: 4076 W. 600 S., Salt Lake City, UT 84104

Features: Utilities available

Close To: Salt Lake City Intl. Airport

Buildings: 12,070 SF BTS

Zoning: M-1

Asking Price: $1,250,000

Info: LINK

FOR SALE: San Pedro, CA - 0.25 acre IOS

Address: 371 21st Street, San Pedro, CA 90731

Features: Flat lot and utilities available

Close To: Port of Los Angeles Main Channel, Long Beach-Daugherty Field Airport

Zoning: MR1-1XL-CPIO

Asking Price: $1,500,000

Info: LINK

FOR LEASE: Newark, NJ - 1.2 acre IOS

Address: 116 E. Kinney Street, Newark, NJ 07105

Features: Fenced, paved, and graded

Close To: I-95, I-78, Route 9, Route 21, Port Newark, and Newark Liberty Intl. Airport

Zoning: Outdoor parking

Rental Rates: Upon request

Info: LINK

FOR LEASE: Washington, DC - 1.28 acre IOS

Address: 2421 Lawrence Street N.E., Washington, DC 20018

Features: Fully fenced and two gated entrances

Close To: Route 1, I-295, Baltimore Washington Intl. Airport

Zoning: PDR-2

Rental Rates: Upon request

Info: LINK

FOR LASE: Manassas, VA - 2.5 acre IOS

Address: 9155 Mike Garcia Drive, Manassas, VA 20109

Features: Compacted surface with office trailer. Site plan approved for 5,000 SF service building.

Zoning: M-1

Rental Rates: Upon request

Info: LINK