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IOS List - July 19, 2023

IOS List - July 19, 2023

Criterion closes a lease. IOS firm is hiring. Westcore acquires DFW. More supply chain woes. Nine new IOS deals.

Maham Riaz & Alex Best
July 19, 2023

Good morning. This is IOSList. Last week, we messed something up. This week, we fix it.

Last week, we announced the IOSList Professional Network. The responses were fantastic! Unfortunately, our submittal form wasn’t configured correctly.

Let’s try this again. Please take a minute and submit your information to be featured in the IOSList Professional Network. We’ll get the list nicely organized and distribute it to those who participate.

And let me know if you have any issues. 😬

NEWS ROUNDUP

Criterion inks a lease with Berkshire Hathaway subsidiary. Interstate Railway Holdings, LLC (a Berkshire sub, NYSE: BRK) has leased 4 acres of IOS at 449 West John St in Hicksville, NY. The tenant plans to develop a 50,000-square-foot Class A warehouse with a rail spur. Newmark’s Kyle Burkhardt, Patrick Ciancimino, and Josh Cohen procured the tenant and represented Criterion in the deal. The Newmark team is also marketing Criterion’s adjacent 2.5 acres for lease.

→ Career Opportunity - The Maison Group, a Washington, DC area based real estate executive search firm, has been engaged by a rapidly growing, well-capitalized IOS focused investment/development group to find a talented acquisition/investment professional to drive their strategic national expansion plan. Follow Link to learn more.

Westcore acquires DFW distribution facility. Westcore recently purchased Rockwall Distribution Center in Rockwall, Texas. It is a 301,120-square-foot class-A industrial building. The new owner has already pre-leased 209,496 SF, and the remaining 91,624 SF is available. The rear-load building at 1351 Corporate Crossing has easy access to Interstate 30. It has a 32-foot clear height, ESFR sprinklers, 68 dock-high loading doors, 62 trailer parking spots, and an all-concrete 185-foot truck court. Westcore intends to expand and area on the west side of the property for additional outside storage and trailer parking. The brokerage team included Dustin Volz, Stephen Bailey and Dom Espinosa of Newmark, and Matt Dornak and Ryan Wolcott of Stream Realty Partners.

The old playbook won’t cure supply chain disruptions this time. The COVID whiplash effect is still haunting logistics firms. High import costs and raging consumer demand during the pandemic cause retailers and warehouse users to increase inventories - only to watch customer demand dry up and warehouse rents rise. After benefitting from logjams and labor issues at the west coast ports, gulf coast ports and east coast ports are now jeopardized by the drought at the Panama Canal, which has curtailed barge traffic in the past three weeks. The combination of extreme weather events, softening consumer demand, and nagging labor issues won’t be fixed by simply throwing financial stimulus at the problem.

FOR SALE

For SALE or LEASE: Highland, CA – 2.34 acre IOS development site

Stream is offering 2.34 acres of IOS for sale or lease at 26970 Meines St. Highland, CA. The site is 101,930 SF, partially fenced and powered with water, power and septic. It is a zoned Industrial (I) land use for truck maintenance and repair, storage and rental purpose. The land has two development plans. Plan A is ±69,872 SF IOS area with a 10,189 SF building, two (2) (12’ x 14’) ground-level doors and a gated entrance. Plan 2 has a 48,131 SF building, 6,000 SF two-story office, six (6) dock high doors, two (2) ground level doors with 50 parking spaces, and 131’5” truck court depth. Located 0.9 Miles away next to the 210 Freeway and 3 miles from the San Bernardino International Airport (SBD). Link to listing: LINK

For more information, contact Ian Armbruster at 909-549-0655 or Stefan Pastor at 909-970-6203 or Trevor Wright at 909-456-0697.

For SALE or LEASE: Orange, CA – 1.63 acre IOS

CBRE is offering this 1.63 acre IOS site for sale or lease at 621 N. Main Street, Orange, CA 92868. The site is fully fenced, well-lit, secured, with high identity monument signage. It has a 12,264 SF industrial building with 1,632 SF office and two dock-high doors. The parcel has a 10/thousand parking ratio with 27 automobile bays. It is M2-zoned land used for contractor’s yard, building supply sales, fleet parking, and equipment rental. The property is less than a mile from 57 freeway ramps, proximity to I-5, 57 & 22 freeways, John Wayne Airport, and Port of Long Beach. Link to listing: LINK

For more information, contact Keith Greer at 714-371-9209 or Ben Seybold at 714-371-9233 or Sean Ward at 714-371-9222 or Josh Samuels at 714-371-9247.

For SALE or LEASE: Bloomington (Rialto), CA - 2.28 acre IOS

Daum Commercial is offering this 2.28 acre industrial yard for sale or lease at 1960 S. Date Ave, Bloomington, CA. The site includes a 17,600 SF metal warehouse building, a 2,000 SF truck maintenance building, mezzanine space, ± 1,600 SF office building with two 12’ x 16’ doors, and an exterior truck well with 5 dock-high doors. It has the City of Rialto Heavy Industrial Zoning-Agua Mansa Industrial Corridor Specific Plan (verify with city). The property is close to the I-10 Freeway via Riverside Avenue and is adjacent to Union Pacific Rail Yard. Link to listing: LINK

For more information, contact Juan Covarrubias at 909-652-2055 or Gus Andros at 909-912-0003.

Philadelphia, PA – 15 acre IOS site

CRCP Holdings is offering 15 acres of IOS site for sale at 10169 Northeast Ave NE, Philadelphia, PA. The site is mostly concrete-covered but also has gravel ground. It is an I-1 zoned land with a truck terminal and storage permit approved. The land is divided into 4 different parcels ready for sale. The property is close to Forest Hills Transit Stop, Cherry Hill Commuter Rail, Trenton Mercer Airport and Refrigerated Food Distributors Railroad. Link to listing: LINK

For more information, contact Chris Rahn at 267-727-3058.

Riverside, CA – warehouse + IOS combo on 2.5 acres

Ashwill Associates is offering this warehouse + IOS combo on 2.5 acres at 1326 & 1350 W. Citrus St. Riverside, CA 92507. Property at 1326 Citrus is a 1.32 acre trucking yard, and 1350 Citrus is a 1.18-acres with a +24,960 SF free-standing building. The building has a 1,200 SF office, 24’ minimum clear height in the warehouse, 42/2000 sprinkler system, and two dock-high doors with four (4) loading positions. It is BMP (Business and Manufacturing Park) zoned land with four individual parcels. The combined asking price is $10,900,000. Link to listing: LINK

For more information, contact Kyle Williams at 949-293-6788.

FOR LEASE

San Diego, CA – 7 acre IOS

AlterraIOS is offering a combined 7 acres of IOS with multiple buildings for lease at 12211 & 12215 HWY 67 in San Diego, CA. Site 12211 is 3 acres and has a 5,000 SF multi-tenant office building with garages and a carport. Site 12215 is 4 acres and has a 7,000 SF metal building and a 2,000 SF shop building. It is zoned M58 for heavy industrial, truck storage, and construction materials storage. The property is 19 miles from San Diego International Airport, 18 miles northeast of downtown San Diego and has direct access to CA-67. Link to listing: LINK

For more information, contact Parker Pearson at 312-909-9705.

Benicia, CA - 73.5 acre IOS (sub-divisible)

AlterraIOS is offering 73.5 acres of IOS across multiple parcels available for lease at 3800 Industrial Way, Benicia, CA. The site is fully fenced, lit, secured, and well-paved. The site is broken down into seven portions from 6 acres up to 16.5 acres. The three largest sections include buildings from 11,000 SF to 19,600 SF. The site has five active rail spurs with 1,300 ft of siding. The property is used for equipment storage, auto/truck/fleet parking, and all port-related uses. The property is less than 1 mile from the I-680 ramp and 30 miles to the Port of Oakland. Link to listing: LINK

For more information, contact Charlie Totten at 412-638-1656.

Maple, Grove – shop + IOS on 2.5 acres

AlterraIOS is offering 2.5 acres of IOS available for lease at 10939 89TH Ave, Maple Grove, MN. The site is secure and fenced for outdoor storage. It has a 10,350 SF building with 2-floor office space and two drive-in doors with 18' height clearance. The property has access to highways 169, 610, and I-694. It is 16.4 miles to Minneapolis, MN, and 28.5 miles to Minneapolis-St. Paul International Airport. Link to listing: LINK

For more information, contact Parker Pearson at 312-909-9705.

San Antonio, TX – 3.86 acre warehouse + IOS

AlterraIOS is offering this 3.86 acres warehouse + IOS combo available for lease at 6916 Ne Loop 410, San Antonio, TX. The site is fully fenced, lighted, and secure. The property includes a 7,442 SF building with 3 grade-level access doors. The site is perfect for warehousing, distribution, and last mile logistics. It is close to I-410 and is 8.5 miles to downtown San Antonio and 15.8 miles to San Antonio Airport. Link to listing: LINK

For more information, contact Mark Gannon at 610-246-6947.

MEANWHILE, IN PHOENIX

Yes, that is a photo of a stoplight melting under hundred-and-teens heat in Arizona. Stay safe out there folks. We might be waiting on that green light for a while.

IT’S TIME TO BE SOMEBODY

Remember the yellow pages and the encyclopedia? When you had to interact with ink and paper to find information? We’ve come along way, but we still need a place to find all of the yard dogs in one spot.

Today, we are excited to announce the IOSList Professional Network.

One place to connect with all of the biggest players in the industry. All are welcome, whether you are an IOS veteran or just IOS curious.

Eventually, we’ll put together company capsules and get it nicely organized and searchable. To start, please submit your info here to secure your spot in the directory: