IOS Daily - March 27 - Entre leases IOS in Antioch, IL

NEWS ROUNDUP

BREAKING NEWS: Baltimore bridge collapses after massive container ship loses power and strikes the pylon. This podcast with the host of “What’s Going on With Shipping?” is the best breakdown I’ve heard yet of the ongoing situation and the shipping/logistics implications. Listen: Odd Lots with Sal Mercogliano

ACQUISITION: Pagewood and CenterSquare buy small-bay/ISF portfolio in Houston. A JV between Pagewood and CenterSquare purchased Gateway Industrial Commons, a 622,130 SF industrial portfolio consisting of 46 buildings located at 9 addresses across Northwest Houston. The seller, HRES Group, was represented by Stephen Ghedi, Jim Autenreith, and Tanner Thompson of Moody Rambin. Todd Briddell of CenterSquare and Paul Coonrod of Pagewood led the JV deal team. Northmarq’s Warren Hitchcock helped with financing via LifeCo Symetra Financial. Partners Real Estate will handle the leasing of the facilities.

LEASE SIGNED: Entre leases 9 acre IOS in Antioch, IL. Entre Commercial Realty has leased 22333-22275 Highway 173 in Antioch, Illinois. The 9 acre IOS includes 23,637 SF of indoor space with 16 drive-in doors and 6 docks. The tenant is a truck dealership. The Entre deal team included Cory Kay and Michael DeSerto. Cavan Realty represented the tenant.

NOW LEASING: CBRE tapped to lease 11 acre IOS in Memphis, TN. DryPort Capital chose CBRE to lease 5178 Citation Drive in Memphis, Tennessee. The 11 acre property consists of 220 tractor/trailer bays for lease and is fully-fenced. The IOS also includes a truckers’ lounge with showers and laundry facilities. CBRE’s Patrick Walton and Stephanie Allen are the leasing agents.

TRUCK PARKING: Freight Ninja opens 2 new Midwest locations. Freight Ninja has opened 743 131st Place in Hammond, Indiana, and 4730 Pleasant Run Road in Memphis, Tennessee. The Hammond location is fully-fenced, concrete-paved, with wide aisles, LED lighting and 48 electric plugs. The Memphis location offers electric fencing, paved concrete, wide aisles, security cameras. For leasing inquiries, call 844-303-1505 and tell them IOSList referred you!

READ: Nearly 300 banks may need capital infusion due to underwater CRE loans.

TEST YOUR PAY AGAINST THE MARKET

Executive search firm Jackson Lucas runs a live, up-to-date, compensation benchmarking tool. Compare your pay against the market with a 2-minute survey. It's free to participate and results are emailed immediately to you. We'll circulate broader findings in the coming weeks.

→ Find out how you stack up here: LINK

FOR SALE/LEASE: Henderson, NV - 2.47 acre IOS

Address: 727 W. Sunset Road, Henderson, NV 89011

Features: Fenced/walled, fire hydrant, water, gas and electricity availability

Close To: US 95, I-515, I-215, Boulder Highway, Las Vegas Strip, and Harry Reid Intl. Airport

Zoning: IG (General Industrial)

Asking Price: $2,999,995

Rental Rates: $0.20 PSF NNN

Info: LINK

FOR SALE: Hyannis, MA - 1.29 acre warehouse + IOS 

Address: 30 and 35 Iyannough Road, Hyannis, MA 02601

Features: Graveled, parking available

Close To: On Route 28, minutes to Routes 6, 3, 195, and 495

Buildings: 13,348 SF building, 5 loading docks, 10,000 SF cold storage, 3,300 SF office/showroom

Zoning: HC (Highway Commercial)

Asking Price: $2,500,000

Info: LINK

FOR SALE: Milwaukee, WI - 6.47 acre warehouse + IOS

Address: 6001 N. 91st Street, Milwaukee, WI 53225

Features: 5 paved acres, vacant in July

Close To: I-41 and Highway 175

Building: 21,890 SF warehouse with 8,741 SF office, 15,000 SF attached outdoor garage, 2 drive-in doors, 21' clear height

Zoning: Industrial-Light 1

Asking Price: $4,500,000

Info: LINK

FOR LEASE: Newark, NJ - 1.42 acre EV truck parking

Address: 1-23 Tompkins Point Road, Newark, NJ 07114

Features: Paved, gravel, gated, power, New Jersey’s first high-end EV truck parking, eight (8) Level 3 chargers, sixty (60) Level 2 chargers

Buildings: 1,000 SF trailer office with HVAC and public sewer

Close To: Routes 1 and 9, Newark Port, New Jersey Turnpike, and Newark Liberty Intl. Airport

Zoning: Industrial (I-3)

Available: Q1 of 2025

Rental Rates: $30,000 /acre/ month

Info: LINK

FOR LEASE/SALE: Fort Worth, TX - 21 acre warehouse + IOS

Address: 1346 Markum Ranch Road E, Fort Worth, TX 76126

Features: All 21 acres are stabilized with gravel, fenced, gated, and lit

Close To: I-20 Frontage, I-30, I-820 Loop, 14 miles to Fort Worth

Buildings: 12,000 SF building with 4 bathrooms, 8 private offices, 1 conference room, break room, 2 dock-high doors, 2 drive-through doors

Zoning: Unincorporated Fort Worth ETJ

Asking Price: Contact Broker

Rental Rate: Contact broker

Info: LINK

FOR LEASE: San Diego, CA - 4.15-8.3 acre IOS

Address: 1113 La Media Road, San Diego, CA 92154

Features: Mass grading, new aggregate, fencing, lighting, and utility connections

Close To: 905 FW

Zoning: Industrial (M Zone)

Rental Rates: Upon Request

Info: LINK