IOS Daily - February 12 - Jadian buys Richmond truck terminal

NEWS ROUNDUP

ACQUISITION: Jadian buys 22 acre truck terminal in Richmond, VA. Jadian has acquired 9600 Express Lane in Richmond, Virginia. The 22 acre property features a 27,020 SF truck terminal building with a maintenance shop and 58 dock doors. The property offers easy access to I-95. The Jadian deal team included Alex Stahl, Kees t’Sas, Daniel Schuchinksy, and Matthew Hennessy. For leasing inquiries, email the team and tell them IOSList sent you!

ACQUISITION: Alterra buys 7 acre Bay Area IOS. Alterra has purchased 1130 Sibley Street in Folsom, California. The 7.03 acre property includes 19,234 SF of office/warehouse space and 224,262 SF of yard and improved parking. Construction services firm Syblon Reid is based at the property and has signed a 10-year lease to remain there, according to Alterra. The Alterra team was led by Matt McNutt. A team at JLL, which included Sean Merold, Mike Zimmerman, Ryan Sitov, Xander Echt, Kylene Tsai, and Courtney Webb, represented both the buyer and the seller.

DEVELOPMENT/LEASE: Catalyst develops and leases trailer yard in Savannah metro. Catalyst Investment Partners has developed and fully leased 225 Nordic Way in Pooler, Georgia. The fully-fenced trailer yard features 89 paved trailer parking spaces and an office building. Adrian Golec led Catalyst’s development efforts, while Sebastian Findlay of Colliers brokered the lease.

LEASE SIGNED: Colliers leases 2 acres of IOS in SLC. Colliers’ Jeppesen & Jensen Industrial Team has leased 2 acres of IOS at 455 S 600 E in Lehi, Utah, a suburb of Salt Lake City. The site offers excellent access to I-15. Another 2.11 acres of IOS at the site are still available for lease. For more information, contact Jeremy Jensen and Skyler Smith.

READ: Penske plans to lay off trucking and warehouse workers.

CAMPS BAY POWER PLAY

Lee Sager with Camps Bay is running a series of IOS polls to collect and report data back to the IOSList community. Click on the survey below to register your response! We’ll circulate a breakdown in the coming weeks.

FOR SALE: Blacklick, OH - 7.2 acre low coverage industrial

Address: 6608 Taylor Road, Blacklick, OH 43004

Features: Graveled, fenced, lit, utilities onsite

Close To: I-270 and John Glenn Airport

Buildings: 56,000 gross SF spread out between five industrial buildings, one service room, and one showroom

Zoning: Community Service District (Outdoor storage permitted)

Info: LINK

Asking Price: $3,150,000

FOR SALE: Carneys Point, NJ - 21 acre IOS

Address: 291 Harding Way, Carneys Point, NJ 08069

Close To: Route 295 Interstate, NJ Turnpike, Rt 40, Delaware and Philadelphia, New Castle County Airport and Port of Wilmington, RI

Buildings: Building A - 3000 SF, Building B - 9600 SF, Building C - 8000 SF

Info: LINK

Asking Price: $7,000,000

FOR SALE: Fort Worth, TX – 4.2 acre IOS

Address: 3614 McCart Avenue, Fort Worth, TX 76110

Features: Absolute NNN lease, new 10-year term, 3.5% annual rent increases, tax-free state, tenant is SRS Distribution (high growth, privately held, strong credit), renovated in 2023

Close To: I-20, I-30, I 35W, Downtown Fort Worth

Buildings: 30,000 SF with 22’ clear height, 1 drive-in ramp, 1 grade level & 3 dock-high doors, fully sprinklered

Zoning: Storage lot is zoned “I” Light Industrial, and building lot is zoned “K” Heavy Industrial

Info: LINK

Asking Price: $8,000,000

FOR LEASE: Kansas City, KS - 10-26 acre IOS

Address: 11 South 59th Street, Kansas City, KS 66102

Features: Excellent highway access, fenced, gated, graveled with asphalt milling overlay, onsite utilities, security lighting, 3 phase power

Close To: I-70, I-435, I-635, I-35, and Union Pacific and BNSF intermodals

Buildings: Approved for 24×60 modular office buildings; option to build-to-suit

Zoning: M-3 (Heavy Industrial)

Rent: $2,450/month/acre (includes base year taxes)

Info: LINK

FOR LEASE: Pomona, CA - 8.19 acre truck parking

Address: 1408 E Franklin Avenue, Pomona, CA 91766

Features: Fully paved, lit, and secured, 206 trailer stalls

Close To: 60-Freeway, Ontario International Airport

Buildings: 5,500 SF office building with driver’s lounge; 4,000 SF shop, 2 position dock platform

Zoning: M-2 General Industrial zoning, with truck and trailer storage CUP in place

Info: LINK

FOR LEASE: Pembroke Pines, FL - 1.25-2.25 acre IOS

Address: 5980 SW 202 Avenue, Pembroke Pines, FL 33332

Features: Paved entry road, asphalt millings storage surfaces, drainage, perimeter fence, entry gate, perimeter landscaping, utilities available

Close To: I-75, I-595

Info: LINK

Rental Rate: $4.25 /SF/year