IOS Daily - January 15 - Prologis buys 10 acre IOS in Brooklyn for $120M

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NEWS ROUNDUP

ACQUISITION: TerraCRG brokers $120M sale of Brooklyn IOS to Prologis. Prologis has acquired 410 Kingsland Avenue in Brooklyn, New York. The property consists of 10 acres. Dan Marks and Daniel Lebor with TerraCRG represented the seller, ExxonMobil, in the transaction.

ACQUISITION: Green Courte buys 10 acre IOS in Nashville, TN area. Green Courte Partners has acquired 3436 Couchville Industrial Boulevard in Mount Juliet, Tennessee. The property will be managed by Greene Courte’s wholly-owned IOS platform, GCP Truck Storage Management. The Greene Court deal team included Jordan Kerger and Currey Hall. For leasing inquiries, reach out to Griffin Farriss and Bradley Worthington with Stream Realty.

DISPOSITION: Stream Realty sells 2.42 acre IOS in Greer, SC for $1.25M. Stream Realty Partners has brokered the sale of 445 Mayfield Road in Greer, South Carolina. The property features a 1,600 SF shop and 1,800 SF office. Rob Williams and Carter Keller with Stream represented the seller in the transaction.

ACQUISITION: Zenith buys 6.3 acre IOS in Fort Worth, TX. Zenith IOS has acquired 8904 South Freeway in Fort Worth, Texas. The property features a 56,192 SF building. David Guinn with Davidson Bogel Real Estate represented Zenith in the transaction. Rich Young and Christopher Kelly with Rich Young Co. represented the seller, CanTex Capital. The Zenith deal team included Peter Cannon.

ACQUISITION: Realterm buys 6.13 acre IOS portfolio in San Francisco Bay Area. Realterm has acquired 5120-5170 Brandin Court and 44533 South Grimmer Boulevard in Fremont, California. The properties are currently fully leased and feature 52,411 SF of indoor space. The Realterm deal team was led by Stephen Panos and Isaac Lau. Ryan Sitov and Melinda Marino with JLL facilitated the transaction and represented the seller, Lift Partners.

LEASE SIGNED: Colliers leases 2 acre IOS in Carlstadt, NJ. The Balanoff Industrial Team at Colliers has facilitated the leasing of 51 Kero Road in Carlstadt, New Jersey. The property features a 9,986 SF vehicle maintenance facility. The Colliers deal team included Noah Balanoff, Jacquelyn Severino, Mark Hay, and Michael Canosa.

Click on each photo for more information.

For Sale and Lease | 8.59 AC | 27,540 SF Warehouse/Cross-dock Facility | Sizable Concrete and Asphalt Paved Yard with Perimeter Fencing Throughout | Room to Park (15) 53’ Trailers | 3-Phase Power | 20’-22’ Clear Heights

14.5 AC | For Sale and Lease | Divisions Available | 3,500 SF Fleet Repair Facility | Freestanding 1,500 SF Office Building | Fully Paved | Secured and Fenced Lot | Site Lighting | Paved | Drainage | Security Cameras | Built in 2019 | Near Hauppauge Industrial Park and Long Island Expressway

3.22 AC | 8,620 SF Building + Wash Bay | 100% Leased | Fully-Fenced Yard | New Construction | Excellent Highway Accessibility

2-5.5 AC | 6,884 SF Building with 800 SF Office | 5 Large Grade-Level Doors | 100% Stabilized | Fenced, Paved, and Lit | Automatic Electric Gate | 3-Phase Power | Covered Parking | Direct Visibility on SR-429

18 AC | Partially Paved | Fenced and Secured | Owner Willing to Demise Down to 3 AC | Excellent Access to I-5, the Port of Seattle, and SeaTac Airport

11 AC | 320 Semi-Truck Parking Spaces | CTPAT-Certified | Barbed Wire Fencing | Automated Gates | Dolly Pads | Remote Monitoring | Onsite Staff | Asphalt and Gravel Surface | Priced per Acre or per Parking Space