IOS Daily - July 26 - Greenspring buys 4.81 acre IOS in Bradenton, FL

NEWS ROUNDUP

ACQUISITION: Greenspring closes on 4.81 acre IOS in Bradenton, FL. Greenspring Realty Partners has acquired 5928 East 21st Street in Bradenton, Florida. The property features 8,750 SF of warehouse and office space. The Greenspring deal team included Nicki Berg and Daniel Flamholz.

ACQUISITION: CoreOne buys 4.62 acre IOS in Cleveland, OH. CoreOne Industrial has acquired 7901 - 8001 Old Granger Road in Cleveland, Ohio. The site features an 8,882 SF building. The site is currently leased by United Rentals. The CoreOne deal team included Joe Burton, Robert DePiero, and Corey Isdaner. Cushman & Wakefield’s David Leb and Jason Laver facilitated the transaction.

ACQUISITION: Stonemont assembles 8.73 acre IOS in Las Vegas. Stonemont Financial Group has purchased 4860 East La Mancha Avenue in Las Vegas, Nevada. The 3.87 acre parcel is adjacent to Stonemont’s earlier purchase at 4820 East La Mancha Avenue. Stonemont is repositioning both properties into an 8.73 acre Class A IOS facility. The Stonemont deal team was led by Ryan Meehan. Jason Griffis of Cushman & Wakefield represented Stonemont in the sale.

FINANCING: BridgeInvest lends $37.68M for 3-site IOS portfolio. The funds will be used to refinance and fund the development of IOS facilities in Bloomington, California; Staten Island, New York; and Las Vegas, Nevada. The properties are owned by a JV between Stonemont Financial Group and Cerberus Capital Management. The BridgeInvest team is led by Alex Horn, Ian Glaser, and Jon Gitman.

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FROM OUR PARTNERS

FOR SALE: Devon, PL6 - 9.87 acre IOS

Address: Eaton Business Park, Plymbridge Rd, Plymouth, Devon, PL6 7PN

Features: 100% leased (Amazon leases 63%), fully secured, EV charging points, and parking for 250 vans

Close To: A38 Devon Expressway, M5, Plymouth Port, and Newquay Airport

Asking Price: £6,500,000

Info: LINK

FOR SALE/LEASE: Franklin, IN - warehouse + 20.32 acre IOS

Address: 800 Industrial Drive, Franklin, IN 46131

Features: Rail access, expansion capabilities available on-site

Close To: I-65, US-31, Louisville, and Indiana Railroad

Building: Total 64,480 SF building, 19.5'-22' clear height, 7 dock doors, 7 drive-in doors, and 30'x80' column spacing

Zoning: IG (Heavy Industrial)

Price and Rental Rate: Contact Broker

Info: LINK

FOR SALE: Henderson, NV - 0.8 acre IOS

Address: 911 and 919 Empire Mesa Way, Henderson, NV 89011

Features: Two raw yards, secured with CMU walls, and independent entry gates for each

Close To: US-95, I-515 Freeway, Henderson Hospital, Harry Reid Intl. Airport and Henderson Airport

Zoning: LI (Limited Industrial)

Asking Price: $1,000,000

Info: LINK

FOR LEASE: Jersey City, NJ - 2.07 acre truck parking

Address: 300 Thomas McGovern Drive, Jersey City, NJ 07305

Features: Fully-fenced, graveled, multiple points of ingress and egress, and trailer parking

Close To: Minutes from NJ Turnpike, 10 minutes to ports

Zoning: Industrial District (Liberty Harbor Redevelopment Overlay)

Rental Rates: Contact brokers

Info: LINK

FOR LEASE: Bay Point, CA – 7.54 acre IOS

Address: Port Chicago Highway, Bay Point, CA 94565

Features: Build-to-suit, security trailer, power, and water available on-site

Close To:  Highway 4

Zoning: Heavy Industrial (Contra Costa County)

Info: LINK

FOR LEASE: Charlotte, NC - ISF on 5.5 acres of IOS

Address: 2420 Berryhill Road, Charlotte, NC 28208

Features: Fenced and lit

Close To: I-77, I-85, I-277, and CLT Intl. Airport

Building: 8,310 SF service facility on-site, 8 grade-level doors

Zoning: ML-2 (Manufacturing and Logistics)

Rental Rates: Contact brokers

Info: LINK