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IOS List - June 20, 2023

IOS List - June 20, 2023

Viva la Realterm. Alterra and Chuck Norris have something in common. Labor deal in SoCal ports. Nine IOS deals to savor.

Alex Best
June 20, 2023

Good morning. This is IOSList. Stretch your hamstrings and crack your knuckles. Lots to cover today.

Here’s what to expect from IOSList each day:

The latest news on the biggest players and deals in IOS
Daily property listings (for sale, for lease, and space needs)
AI-enabled zoning bot to find IOS-appropriate zoning fast: zoningscout.com
Insider-only IOS rent database. Access here: LINK
Off-the-record notes on recently inked leases
Deep analysis on the financing markets and rates
Beautiful photos of chain link, gravel, and diesel fumes
A few laughs and opportunities to get together in person

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Now on to the news and listings!

NEWS ROUNDUP

Let my longshoremen work! A tentative labor agreement has been reached with the dockworkers at all 29 West Coast ports, the Pacific Maritime Association announced last week. The PMA, representing the port operators and shipping companies, and the International Longshore and Warehouse Union, representing the workers, agreed on a tentative 6-year contract. The dispute caused the largest terminal at the Port of Long Beach to be shut down last Monday. Disruptions were also reported at the Port of Los Angeles last week. Details were not released, but this is welcome news to logistics operators, SoCal IOS owners, and Amazon delivery recipients nationwide.

Viva la IOS

Realterm brings home the baguettes. Realterm announces the growth of its transportation logistics real estate platform in Europe with the acquisition of 5 Rue Georges Charpak, a 5,490-square-meter, cross-dock industrial outdoor storage (IOS) facility located on a 29,267-square-meter site in Libercourt, France. The advantageously located, high flow through property boasts 73 loading positions. Realterm has been on a tear in the EU, adding this position to their recent purchases in the Netherlands.

Alterra buys Garland, TX. Alterra IOS purchased a 13K SF industrial outdoor storage property at 3002 National Drive in Garland. The property was renovated to include a brand-new showroom and office to accommodate the tenant’s Texas operations. Little known fact about Garland: it was the filming location for Walker, Texas Ranger, starring none other than Chuck Norris. Little known fact about Chuck Norris, his first name is actually Carlos. I know this because I received a cease and desist letter from Carlos’ people after using his likeness in an apartment ad on Craigslist in 2016. Better than a roundhouse…

Basketball and river barges, that’s what Indiana does.

Indiana is the #1 inland port. Indiana ports have been ranked first among inland ports and second among Great Lakes ports in the federal port rankings. Both the Northern and Southern Indiana Port Districts had the 20th and 26th greatest cargo volumes nationwide, where the southern district led inland ports by over eight million tons over the Port of Pittsburgh, and the northern port handled 30.3 million tons falling short of Port of Duluth-Superior. Let’s get some Indiana IOS deal circulating, folks!

FOR SALE

Jurupa Valley, CA- 4.68 acre storage yard

Lee & Associates is offering this 4.68 acre storage yard at 5467 28th Street, Jurupa Valley, CA 92509. The property is fenced and has 3,700 SF buildings. It is an M-SC (Manufacturing Service Commercial) zoned land close to A-91, CA-60, and CA-215 freeways and adjacent to 28th Street. Riverside-Downtown Commuter Rail is 9 minutes away, Ontario International Airport is 20 minutes away, and Tri-Rail Distribution Services is 6 minutes away. Link to listing: LINK

For more information, contact Lee & Associates Craig Yocum at 909-228-4748 or Alexey Zabolotskikh at 951-276-3606 or Trent Kimsey at 951-276-3649.

Marietta, GA- 2 acre IOS site

McWhirter is offering this 2 acre IOS facility at 4450 Winfred Dr, Marietta, GA. The site is fenced and graveled. The lot is zoned Heavy Industrial zone and is easily accessible to I-575 (4 miles) and I-75 (5 miles). It is close to Sandy Springs MARTA Station, and 35 miles to the ATL Airport. Asking price is $1,195,000. Link to listing: LINK

For more information, contact McWhirter Gray McWhirter at 678-385-2722.

Perris, CA- 3.22 acre IOS facility

Cushman and Wakefield is offering this 3.22 acre IOS facility at 4783 Wade Ave, Perris, CA 92571. The property has a 1,616 SF office, with 2 driveway entrances leading towards Wade Ave and W. Oleander Ave streets. It is a (LI) Light Industrial zoned land with up to 50% floor area ratio. The property is facing towards the front interstate Northbound I-215 freeway (approximately 270 feet frontage Wade Avenue Frontage Road) and has access via Harley Knox Boulevard, a major on/off ramp. The signage opportunity for I-215 allows access to this major distribution area. It is located at a major industrial hub with big brand neighbors such as Amazon, Lowes, Ross, Whirlpool, General Mills, Hanes and Wayfair. It is close to Riverside-Downtown Commuter Rail and Ontario International Airport. Link to listing: LINK

For more information, contact Cushman and Wakefield Andy Melzer at 760-420-1930.

Rialto, CA- 8.4 acre IOS with rail spur

Lee & Associates is offering this 8.4 acre storage yard with rail spur located at 320 Street Cactus Avenue & W. Rialto Avenue, Rialto, CA 92376. It is a divisible land with flat topography. The property is zoned M-2 - general manufacturing zoned land. The land is adjacent to S. Cactus Ave. and W. Rialto Ave., close to the interstate 10, 210, and 215 freeways. Nearby transport facilities are Rialto Commuter Rail, Ontario International Airport and A and R Transport, Inc. Asking price is: $4,478,155. Link to listing: LINK

For more information, contact Lee & Associates Alexey Zaboloskikh at 951-276-3606.

Country Club Hills, IL- 2 acres gravel parking

Dalani Group is offering this 2 acre gravel parking lot at 4937 W 173rd Street - Country Club Hills, IL 60478. It is industrial-zoned land used for gravel truck and trailer parking. The land has parking space for 65 trucks and trailers. It is 4.4 miles to Calumet Station, 2.4 miles to Oak Forest Station Commuter Rail and 6.7 miles from CN-Chicago-IL-WC Railroad. Link to listing: LINK

For more information, contact Dalani Group at 630-230-1621.

FOR LEASE

Chicago, IL - 6.5 acre IOS

This turn-key IOS lease offering consists of a 17,000 sf building on a 6.5 acre lot. The building has drive-in bays, 3-phase power, triple catch basin, LED and metal halogen lighting, and a new fire alarm system. The lot is newly-paved and has room for 200 trucks and trailers. The site enjoys close proximity to IL-394 and I-57. Address is 3225 Rennie Smith Dr, South Chicago Heights, IL 60411. Link to listing: CLICK HERE

For leasing inquiries, please reach out to Sebastian Infante at 9606 Capital at 331-465-5569 or [email protected].

Wilmington, CA IOS and warehouse for lease

Wilmington, CA - 1.1 acre IOS with warehouse and office

For immediate occupancy, IOV and Klabin are offering this infill IOS site in South Bay just 0.8 miles to the Port of LA and 1.8 miles to the Port of Long Beach. The site enjoys proximity to I-110, I-710, and I-405 and is 18 miles to LAX. The property is in the overweight corridor, and offers a fenced and paved yard for trucks, containers, or materials. The building onsite contains a 7,204 sf warehouse with 2 ground-level doors and a 2,000 sf office space.

For leasing inquiries, please reach out Klabin brokers Tyler Rollema at 310-329-9000 ×1140 or Matt Stringfellow at 310-329-9000 ×1120.

CONFIDENTIAL - Central NJ 27 acre IOS site

This property is proximate to Garden state Parkway and I-95. Current owner will work with the tenant to secure a conditional use permit. Site is 35 miles from Port Newark and 43 miles from NYC.

For more information, contact Tyler Psenicska at 410-858-7208.

Cross dock facility for lease in Riviera Beach, FL

Riviera Beach, FL - 61 door cross-dock on 8.97 acres

Burr & Temkin is offering this cross-dock facility for lease at 1463 MLK Blvd, Riviera Beach, FL. The property is a 31,500 SF cross-dock with 61 doors at 9’x10’, concrete tilt-up construction with 17.33’ bay width and 28’ ceilings. It has 3,000 SF of office space on 2 stories. The site is just north of West Palm Beach and within a 10 hour drive from 10 intermodal/rail terminals and 6 ports. Currently the property is under construction but will be finished by October 2023.

For information, contact Will McFarlin at 770-410-1900 or Nat Weikert at 678-575-4607.

ANNOUNCING: IOSLIST on LinkedIn

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