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- IOS Daily - July 19 - Alterra buys 3 IOS sites in Atlanta metro area
IOS Daily - July 19 - Alterra buys 3 IOS sites in Atlanta metro area
Alterra buys 3 IOS in Georgia. JLL sells Manassas IOS. Matthews sells Florida IOS. Cartage to develop Houston IOS. TRIP is hiring. Six new IOS deals.
Maham Riaz, Matt H & Katherine Peach
July 19, 2024
Good morning. This is IOSList, and we keep you informed and civilized.
Now, let’s get to it.
NEWS ROUNDUP
2620 Campbell Boulevard
ACQUISITION: Alterra buys 3 IOS sites in Atlanta metro area. Alterra IOS has purchased 0 Liberty Industrial Park in McDonough, Georgia. The 12.5 acre site is being developed to feature 2 facilities of 20,000 and 6,000 SF. Stephen Bridges and Nat Weikert of OnPace Partners will market the property to prospective tenants. Alterra has also purchased 2620 Campbell Boulevard in Ellenwood, Georgia, a 10.5 acre site with a 24,500 SF building. Piedmont Properties’ Christian Samartino and Oakley RE Partners’ Jordan Camp brokered the sale. Finally, Alterra has also bought 498 Tuggle Greer Drive in Buford, Georgia. Mendy Ruder of Lee & Associates brokered the sale of this 5.3 acre site and will handle leasing. “Alterra IOS continues to lean into the Atlanta MSA and will continue to do so for the foreseeable future.” -Charlie Totten, SVP
ACQUISITION: JLL reps Open Industrial in selling 8.7 acre IOS in Metro DC. Open Industrial bought 9341 Industrial Court in Manassas, Virginia, in March 2023, and leased it in September 2023. Congrats on the round trip! The JLL deal team included John Dettleff, Dan Coats, Abbot Wallenborn, Sam Haas, and Geoffrey H. Thomas, Jr.
ACQUISITION: Matthews sells 1.5 acres in Riviera Beach for $2.857M. Matthews RE Investment Services facilitated a sale-leaseback of 3562 State Road 710 in Riviera Beach, Florida. The multi-tenant low-coverage property features 11,340 SF of cold storage and warehouse space. The Matthews deal team was led by Nick Watson.
DEVELOPMENT: Cartage to develop 10 acre IOS in North Houston, TX. Cartage Capital Partners has acquired 17627 Aldine Westfield Road in Houston, Texas. The site will be developed into a Class A trailer storage and semi-truck parking terminal located across the street from George Bush Intl. Airport. The Cartage deal team included Steffan van Doesburg.
→HIRING: TRIP is hiring an East Coast Acquisition Associate. Transportation Related Industrial Properties (TRIP, successor to Biynah Industrial Partners) is seeking a new Associate to provide analytical and transactional support in the acquisition of IOS and ISF properties. The job will be based in Baltimore or NYC/NJ. To apply, email your resume to Jeff Josephs.
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IOS FOR SALE
FOR SALE: Ontario, CA - 3.02 acre IOS
Address: 10812-10816 South Benson Avenue, Ontario, CA 91762
Features: Improvements potentially include new paving, LED lighting, secure fencing, and landscaping
Close To: BNSF and UP railways, SR 60, I-10, and Ontario Airport
Buildings: Multiple buildings totaling 131,667 SF
Zoning: Community Industrial (IC-Unincorporated San Bernardino County), in-place zoning also allows for future warehouse or distribution development
Info:LINK
FOR SALE/LEASE: Memphis, TN - 22.53 acre IOS
Address: 1684 Florida Street, Memphis, TN 38109
Features: Fully-fenced and secured
Close To: 1.5 miles to I-55 Interchange, close proximity to Memphis Intl. Airport
Buildings: 5,800 SF shop and 3,500 SF office
Zoning: EMP (outdoor storage permitted by right)
Asking Price: Upon request
Rental Rates: Upon request
Info:LINK
FOR SALE: Newbury Park, CA - 5.3 acre IOS
Address: 1400 Old Conejo Road, Newbury Park, CA 91320
Features: 2.0 acres useable, fully-fenced, partially-paved, CHP truck scales adjacent
Close To: 101 Fwy and Oxnard Airport
Zoning: M-1 (Manufacturing)
Asking Price: $2,300,000, seller financing available
Info:LINK
IOS FOR LEASE
FOR LEASE: Fort Worth, TX - 4.51 acre IOS
Address: 4801 Parker Henderson Road, Fort Worth, TX 76119
Features: Lighting, fully secured, and hard surface
Close To: Highway 287, Loop 820, I-20, and I-30
Building: 18,062 SF
Zoning: Heavy Industrial (K)
Rental Rate: Contact broker
Info:LINK
FOR LEASE: Houston, TX - 4.08 acre IOS with office
Address: 12055 Kurland Drive, Houston, TX 77034
Features: Paved, lit, fenced, and security check-in
Close To: I-45 and Beltway 8 access
Building: 22,777 SF office building
Rental Rate: $24,000/month NNN
Info: LINK
FOR LEASE: Gastonia, NC - 1.5-9.5 acre IOS
Address: Delta Drive, Gastonia, NC 28052
Features: Fully-fenced with gate and keypad access, graded, gravel surface
Close To: I-85
Zoning: I-2 (Industrial)
Rental Rates: Upon Request
Info: LINK
ONE MORE THING
Single best thing I learned as a consultant at BCG:
Nobody knows what they're doing.
Not CEOs. Not partners. Not boards.
Idiots all the way up.
As an idiot myself, I find that deeply comforting. x.com/i/web/status/1…
— Matt Gore Pitch Deck Cowboy (@GoracleOfDelphi)
4:03 PM • Jun 20, 2024
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