IOS Daily - June 10 - Realterm buys 5.3 acre IOS in South Florida

NEWS ROUNDUP

ACQUISITION: Realterm buys 5.3 acre IOS in South Florida. Realterm has acquired 3601 Boutwell Road in Lake Worth Beach, Florida. The fully-paved property includes a 25,000 SF 10-door maintenance shop plus a 3,000 SF office building. The Realterm deal team included Arnie Capute, Ed Brickley, Derek Fish, Ben Andreycak, Colin O’Brien, and Katie Legue.

ACQUISITION: Clear Height acquires 3+ acre vacant ISF in Chicagoland. Clear Height Properties has purchased 6401 Oakton Street in Morton Grove, Illinois, a suburb of Chicago. The firm plans to improve the property and reintroduce it to the market with a 33,225 SF industrial building plus 2 acres of secured yard. Angelo Labriola and Paul Cawthon of SVN Chicago Commerical brokered the deal. For leasing inquiries, contact Brendan Green and Patrick Turner of Colliers.

ACQUISITION: Open Industrial buys its sixth(!) IOS in Richmond MSA. Open Industrial has purchased 9725 Express Lane in Richmond, Virginia. The property is fenced, paved, and lit with an on-site office trailer. It also offers easy access to I-95 and U.S. Route 1. For leasing inquiries, contact JLL’s Muscoe Garnett and Jake Servinsky.

LEASE SIGNED: DB2RE brokers lease of TX IOS for Industrial Outdoor Ventures. The Davidson Bogel Real Estate (DB2RE) team of David Guinn, Martin Grossman, and Keaton Duhon brokered the lease of 3500 Valley View Lane in Irving, Texas. The 11 acre IOS includes a 6,000 SF building. The new tenant is MEI Rigging. The landlord is Industrial Outdoor Ventures.

FINANCING: Edgewood funds $3.5M acquisition of IOS in PA. The Edgewood team continues to be active in the IOS space. Reach out to Chris Whittleton, Tom Ferrell, Michael Doherty, Joe Giovannoli, Mike Galante, Kyle Savino, and Christopher Odyniec.

READ: WattEV builds largest electric truck fleet in the country.

FROM OUR PARTNERS

FOR SALE: Fort Worth, TX - 36.75 acre IOS

Address: 3879 Rendon Road, Fort Worth, TX 76140

Features: Graveled, gated, 3 phase power

Close To: I-20, I-35W

Buildings: Approximately 11,580 SF of RBA including: 3 warehouse buildings totaling 9,350 SF with 15'-24' clear heights, 3 storage buildings totaling 1,380 SF, and an 850 SF office building

Zoning: ETJ

Asking Price: Contact Brokers

Info: LINK

FOR SALE: Brick, NJ - 3.10 acre IOS

Address: 94 Mantoloking Road, Brick, NJ 08723

Buildings: 925 SF industrial building with individual floor freezers and central AC and an 800 SF one-story building, cell tower

Zoning: B-2 (Village Zone)

Info: LINK

FOR SALE: Bakersfield, CA - 1.22 acre IOS

Address: 400 28th Street, Bakersfield, CA 93301

Close To: Cross-Town Freeway and Meadows Field Airport

Zoning: M-1 (Light Manufacturing)

Asking Price: $875,000

Info: LINK

Broker: Pete Martinez, 661-699-3605

FOR LEASE: East Rutherford, NJ - 4.7 acre warehouse + IOS

Address: 880 Paterson Plank Road, East Rutherford, NJ 07073

Features: Fenced, paved, exterior/interior lighting upgrades

Close To: Easy access to Routes 3, 17, and I-95, and near US-46 and route 21. Minutes from the GWB, Lincoln, and Holland Tunnels. 12.2 miles to NYC

Building: 34,740 SF industrial/flex building with 3,197 SF office, 11 loading docks, 2 drive-ins, 20' ceiling height

Zoning: RA (Redevelopment Area)

Info: LINK

FOR LEASE: Phoenix – 10,000 SF Warehouse + IOS

Address: 24348 North 11th Avenue, Phoenix, AZ 85085

Features: Fenced and gated, laydown yard, outdoor storage, landscaping, vehicle storage, commercial parking, equipment storage

Close To: NWC 11th Ave and Alameda Road, near TSMC Chip Plant and Deer Valley Airport

Buildings: 10,000 SF warehouse with covered truck parking

Zoning: L-2

Info: LINK

FOR LEASE: Tampa, FL - 1.9 acre IOS

Address: 9400 Lazy Lane, Tampa, FL 33614

Features: Fenced, secured, truck parking available

Close To: I-275, I-75, I-4, Dale Mabry, and Tampa Intl. Airport

Zoning: CI (Commercial Intensive)

Rental Rates: $2.25/SF/year

Info: LINK