IOS Daily - December 18 - Arden acquires Chicago ISF

NEWS ROUNDUP

ACQUISITION: Arden Logistics Parks acquires Chicago ISF. ALP acquired 1404 W. Fullerton in Addison, IL through an off-market transaction from seller Clear Height Properties. The site contains a 34,700 SF industrial service facility with outdoor storage on 3.61 acres and is leased to UPS. Arden’s Craig Spencer and Christian Vergillio were featured in the press release. JLL’s Kurt Sarbaugh and Ross Bratcher brokered the transaction. In 2022, ALP struck a $1 billion joint venture with alternative investment firm Wafra to acquire in-fill ISF properties in major US markets. 

ACQUISITION: Axis IOS and Quilvest buy San Antonio IOS. Kicking off their $500M joint venture, the duo purchased an 18.6-acre IOS at 9415 NE Loop 410 in San Antonio’s Eastgate neighborhood. The tenant is Anderson Machinery Co. The seller and sale price were not disclosed, but we’ll do some sleuthing and report back.

INLAND TERMINAL: Georgia Port Authority approves $127 million. The GPA has approved funding to build the Blue Ridge Connector, an inland rail terminal in Gainesville, GA northeast of Atlanta. The facility is estimated to open in 2026. “Every container moved by rail will avoid a 600-mile roundtrip by truck between Savannah and the Gainesville, area.” -Griff Lynch, GPA President and CEO 

STARTUP: Terminal raises $3.1 million to make telematric integrations simpler.

MEX RAIL: Mexico orders railroads to prioritize passenger service over freight operations.

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 FOR SALE/LEASE: Memphis, TN - 10.8 acre cross dock + IOS

Address: 3388 Gemini Dr and 563 Winchester Rd, Memphis, TN 38109

Features: Concrete and gravel paved, fenced, lit

Close To: 4 miles to I-55, 1.2 miles to TN-61, 3.3 miles to CN rail yard

Buildings: 10,163 SF cross-dock (with 1,200± SF office area)

Zoning: EMP

Info: LINK

Asking Price / Rental Rate: Contact broker for pricing

FOR SALE: Bellwood, IL - 3.02 acre IOS + 2.5 additional acres available separately

Address: 2400 Maywood Dr, Bellwood, IL 60104

Features: Paved, fenced, lit, power, electric plug-ins, video security, above ground fuel tanks, etc.

Lease: 100% occupied, NNN, 8 yrs remaining + 5 yr renewal option, $408,446 NOI

Close To: Minutes north of I-290 and 25th Ave interchange, close to I-294

Buildings: 48,000 SF HQ and shop maintenance facility

Zoning: I2 General Industrial

Info: LINK

Asking Price: $5,700,000 (7.17% cap rate)

FOR SALE: New Holstein, WI – 4 properties  

Address: Roosevelt Ave & Park Ave, New Holstein, WI 53061, USA

Features: Well equipped shop/warehouse space

Parcels: 5,682 SF building 1 on 4.73 acres, 6,200 SF building 2 on 1.61 acres, 41,981 SF building 3 on 1.48 acres, 0.69 acres outdoor storage in parcel 4, 0.39 acres of outdoor storage in parcel 5

Info: LINK

Asking Price: $850,000

FOR LEASE: St Peters, MO - 3.1 acre warehouse + IOS

Address: 4892 N Service Rd. St Peters, MO 63376

Features: Paved, lit, fenced, locking gates

Close To: I-70, Lambert - St. Louis International Airport

Buildings: 23,040 SF, 5 offices, 8 drive-through bays, 5 ton bridge crane, atlas platinum 15,000 lbs. truck lift

Zoning: C-3

Info: LINK

Broker: Mark Williams at 407-406-3187

FOR LEASE: Indianapolis, IN – 20 acre IOS

Address: 311 S. Shelby Street, Indianapolis, IN 46202

Features: 20 acres total (9 fenced), surface varies (concrete, compacted gravel, grass, fenced)

Close To: Downtown Indianapolis, within 1 miles of I-65 and I-70

Buildings: 6,724 SF office/storage building, 4,725 SF shop building

Zoning: I-4 (outdoor storage permitted)

Info: LINK

Rental Rate: Lease price negotiable

FOR LEASE: Charlotte, NC – 3.3 acre IOS

Address: 700 Griffith Rd, Charlotte, NC 28217

Features: Graveled, fenced, gated, 3 phase power

Close To: I-77, I-85, CLT Airport, Uptown Charlotte

Buildings: 10,500 SF service facility with 1,575 SF office, (5) 14'x12' drive in doors

Zoning: ML-2 (Heavy Industrial)

Rent: Call for details

Info: LINK