IOS Daily - November 20 - Feast on acquisitions from five major IOS players

NEWS ROUNDUP

ACQUISITION: Timber Hill and Champion acquire Jax truck parking yard. The JV acquired the 5.97-acre yard at 6399 Soutel Drive in Jacksonville, FL for $1.8 million. The site is the fifth yard the joint venture owns and operates within a three-mile radius under the National Truck Parking flag. “The new yard allows us to expand our project for Norfolk Southern without displacing our valued tenants. It’s a win-win for all parties.” -Cary Goldman, Timber Hill

ACQUISITION: K2 Real Estate Capital and Open Industrial acquire Savannah warehouse + IOS. The JV purchased a 75,705 SF warehouse and distribution facility located at 126 Gignilliat Circle, Savannah, GA. The Heavy Industrial-zoned property is currently leased to FedEx Ground (NYSE: FDX) and is part of an 11.36-acre site that is fully fenced and secured with the capacity for excess trailer and truck parking. Justin Horowitz with Cooper-Horowitz secured financing for the acquisition. The K2 team included Robert Kaplain and Mitchell Kaplain.

ACQUISITION: Marcus Partners buys low-coverage warehouse + IOS in Boonton, NJ. The site contains a 111,458 SF warehouse on over 11 acres. Office furniture designer Dauphin is the tenant and entered into a short-term SLB. Binswanger brokers Mike Torsiello and Nick Biedron represented the seller, and Lerman Sanders Realty repped Marcus Partners. “This asset has several compelling characteristics that are not commonly seen in this market. The combination of size, ceiling height, and outdoor storage area are major differentiators for 100 Fulton.” -Todd Minerley, Marcus Partners

PEOPLE MOVES: Triten Real Estate Partners announced Larry Sloan as the Chief Development officer, overseeing industrial and IOS development along with multifamily and mixed-use platform expansions. Sloan was previously with Midway, and has completed $3 billion in projects through his 25 year career.

FOR SALE: Houston, Texas - 13.2 acre Warehouse + IOS

Address: 6415 Mesa Drive Houston, Texas 77028

Features: Highly stabilized, gated, fenced, utilities, lighting

Close To: 5 minutes from Loop 610 & Beaumont Hwy

Buildings: 2 buildings with total 17,500 SF:

• 10,000 SF 2 story building with 7,500 SF Class A office and 2,500 SF warehouse

• 7,500 SF warehouse with metal grade level building with 3 bay doors

Info: LINK

Asking Price: $11,500,000

Brokers: REMAX Signature Commercial broker Schuyler "Sky" Pulford at 713-202-3779

FOR SALE: Dallas, TX – 20 acre IOS

Address: 2040 Dowdy Ferry Rd, Dallas, TX 75217

Features: Graveled

Close To: Int Hwy 20 and Dallas Love Field Airport

Zoning: Z116

Info: LINK

Asking Price: $7,500,000

Brokers: Pete Richardson at 214-855-2737 or Drew Richardson at 214-855-2749

FOR SALE/LEASE: Houston, TX - 2.54 acre low-coverage industrial

Address: 8428 Market St, Houston, TX 77029

Features: Fenced and stabilized yard, 1.04 acres of concrete trailer parking, 1.5 acres of excess storage yard and LED lights

Close To: I-10, 610, Port of Houston, Ellington Field and William P. Hobby Airport

Buildings: 15,000 SF office and warehouse space, 5,000 SF office space, tilt wall construction, 2 dock high loading doors, 24’ clear height, 2 drive-in bays

Info: LINK

Asking Price: $3,900,000 

Rental Rate: $7,200/AC/Month

Brokers: Davis Lamberton at 832-477-3605 or Tyler Maner at 830-992-0834

FOR LEASE: Philadelphia, PA – 14.87 acre IOS

Address: 10169 Northeast Blvd, Philadelphia, PA 19116

Features: Concrete paved and flat

Close To: I-95, I-276, PA turnpike, Bustleton Avenue, Roosevelt Boulevard, Route 1, Woodhaven Rd

Zoning: I-1/RM-2

Info: LINK

Brokers: Christopher Pennington at 215-448-6053 or Mike Pennington at 215-448-6091

FOR LEASE: Puyallup, WA – 7.33 acre IOS

Address: 7702 River Road E, Puyallup, WA 98371

Features: Three 3 lease options, parking, outside storage, self-storage, fully and partially graveled, office space and restrooms, full fenced, security cameras, lighting throughout site, 172 trailer stalls

Close To: I-5, WA-167, Port of Tacoma

Buildings:

Option 1: fully graveled, partially paved, office space with restrooms, fully fenced, security cameras, light, 172 trailer stalls.

Option 2: 0,780 SF Building, BTS office, 8 over sided grade doors, power, fencing, lit with security.

Option 3: Build to suite 138,886 SF available, 14 dock high doors, 2 grade level doors, 135' truck court, 158 car parks

Zoning: MUD - Pierce County

Info: LINK

Rental Rate: $8,750/acre/month NNN

Brokers: Matt Murray at 206-248-6541 or Matt McLennan at 253-722-1458

FOR LEASE: Chicago, IL – 6.42 acre ISF

Address: 4400 S Racine Avenue, Chicago, IL 60609

Features: Newly paved, LED lighting in lot and on building, perimeter fencing, 2 electronic access gates

Close To: I-90/94, I-55, Class I railyards (Norfolk Southern, BNSF, CSX)

Buildings: 19,853 SF building, 7,100 SF office, remainder shop space, 5 drive-thru maintenance bays, 1 wash bay, potential for on-site fueling

Zoning: PMD8A

Info: LINK

Broker: Matt Knafel at 317-385-9808