IOS Daily - July 2 - Stonemont buys 11 acres of IOS in Houston and Atlanta

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NEWS ROUNDUP

ACQUISITION: Stonemont buys 11 acres of IOS in Houston and Atlanta markets. Stonemont Financial Group has acquired 2 industrial service facilities totaling more than 99,000 SF on more than 11 acres. “These sites help tenants solve the increasingly challenging problem of finding efficient outdoor storage space with proximity to major transportation routes and move-in-ready, high-quality workshop space,” said Ryan Meehan, who led the Stonemont deal team. The 2 properties are:

• 615 North 6th Street in La Porte, Texas — 5.81 acres with 61,000 SF of industrial and office space

• 3200 North Berkeley Lake Road in Duluth, Georgia — 5.28 acres plus a 38,200 SF warehouse

DISPOSITION: Colliers sells 15.16 acre IOS in Houston, TX. Colliers has facilitated the sale of 9803 Sheldon Road in Houston, Texas. The property features a 66,500 SF industrial facility. Zack Taylor and Todd Moore with Colliers represented the seller in the transaction, while Michael Taetz — also with Colliers — represented the buyer.

ACQUISITION: Jadian IOS buys 2.1 acre IOS in Charlotte, NC. Jadian IOS has acquired 5814 Old Concord Road in Charlotte, North Carolina. The property features 2 service facilities totaling 7,300 SF. The Jadian deal team included Alex Stahl, Kees t’Sas, John Grib, and Daniel Schuchinsky.

LEASE SIGNED: Bridge Commercial leases 1 acre of IOS in North Charleston, SC. Bridge Commercial has facilitated the leasing of 1 acre of IOS plus a 1,000 SF office at 3601 Meeting Street in North Charleston, South Carolina. Alex Shields with Bridge Commercial represented the tenant in the long-term lease transaction. Parker Richard with Factotum Real Estate represented the landlord.

LEASE SIGNED: Neil Walter Co. leases 15.12 acre IOS In Chehalis, WA. Neil Walter Co. has facilitated the leasing of 1737 Bishop Road in Chehalis, Washington. The property is located midway between Seattle and Portland, Oregon. Nicholas Ratzke with Neil Walter Co. represented the tenant in the transaction.

READ: Home Depot subsidiary SRS to acquire IOS super-user GMS. “The combination of GMS and SRS will provide the residential and commercial Pro customer with more fulfillment and service options than ever before. Together, we’ll create a network of more than 1,200 locations and a fleet of more than 8,000 trucks capable of making tens of thousands of jobsite deliveries per day.” — Dan Tinker, CEO of SRS

FROM OUR PARTNERS

Click on each photo for more information.

10 Properties Totaling 33.88 AC and 273,427 SF | Markets: Dallas-Fort Worth, San Antonio, and Oklahoma City | Click Image Above to Sign NDA and View Full OM

5.98 AC | Fully Secured Yard | 18,250 SF Freight Terminal with 48 Dock-High Positions | Above-Ground Fueling Island | Less Than 5 Minutes from I-15

2 AC | 9,000 SF Steel Service Building with 7 Oversized Drive-in Doors | Accessible via a Private Drive | Paved, Secured, Fenced, and Lit Yard

5-9.5 AC | Graveled, Fenced, and Gated | Water on Site | Close to I-15 and National Transit Highway

5 AC | 8,000 SF Service Facility with (4) 21’x14’ Grade-Level Doors and (2) 14’x14’ Grade-Level Doors | 21,000 SF of Paved Asphalt Surface | Convenient Access to US-380 and US-377

3.85 AC | Active Rail Access | Fully Paved and Striped | Fully Fenced Perimeter | 24/7 Access | Lit | Flexible Term