IOS Daily - July 29 - Apricus/ABR JV buys Houston IOS

NEWS ROUNDUP

ACQUISITION: Apricus/ABR JV buys 9.7 acre site in Houston, TX. Apricus Realty Capital has acquired 15800 Export Plaza in Houston, Texas, in a joint venture with ABR Capital. The low-coverage property includes 4 warehouses and an office building for a total of 89,000 SF. The site is fully leased and located adjacent to George Bush Intercontinental Airport. The Apricus deal team included Matt Haley, Garrett Marler, and Cort Martin. Jason Tangen and Paul Dominique of Colliers represented Apricus in the deal.

DISPOSITION: Colliers brokers sale of 0.91 acre infill IOS in Washington, DC. Colliers represented the seller, Turner Construction Co., in the sale of 2220 25th Place Northeast in Washington, DC. The property features a 10,859 SF warehouse. The Colliers deal team included Adam Schindler and Clay Ellis.

ACQUISITION: Jadian buys 35.4 acre IOS in Atlanta metro area. Jadian IOS has acquired 1010 – 1025 Citizens Parkway in Morrow, Georgia, a suburb of Atlanta. The property features 43,000 SF of indoor space, including a 20,000 SF maintenance shop with 14 drive-in doors. The Jadian deal team included Alex Stahl, Kees t’Sas, Daniel Schuchinsky, and Matthew Hennessy.

LEASE SIGNED: Triten signs a 10 year lease on 4.72 acre IOS in Kansas City, MO area. Triten IOS has leased out 1100 Southeast Hamblin Road in Hamblin, Missouri, a Kansas City suburb. The property includes an 8,235 SF industrial building. The new tenant is National Equipment Rental Group. Andrew Wiesemann of Matthews REIS and Henry Weiler of Fischer Weiler Industrial brokered the deal.

LEASE SIGNED: Colliers brokers lease of 4.6 acre IOS in Indianapolis. A Colliers team led by Korey Ryan represented both the landlord and the tenant in the leasing of 235 – 320 Transfer Drive in Indianapolis, Indiana. The site includes a 15,000 SF building. The new tenant is Bay Crane.

READ: CrowdStrike outage highlights the fragility of supply chains.

GREAT LISTEN

Evan Shelley, founder of Truck Parking Club, is interviewed by Kevin Lawton of The New Warehouse podcast.

FOR SALE: Brick, NJ - 3.10 acre IOS

Address: 94 Mantoloking Road, Brick, NJ 08723

Buildings: 925 SF industrial building with individual floor freezers and central AC and an 800 SF one-story building, cell tower

Zoning: B-2 (Village Zone)

Info: LINK

FOR SALE: Philadelphia, PA - 1.6 acre IOS

Address: 2501 South 28th Street, Philadelphia, PA 19145

Close To: South 28th Street frontage, Passyunk Avenue (60k VPD), I-76, I-95, Route 291, South Jersey Port, and Philadelphia Intl. Airport

Zoning: I3 (Heavy Industrial)

Info: LINK

FOR SALE/LEASE: Albuquerque, NM - 14.32 acre warehouse + IOS

Address: 245 Woodward Road S.E., Albuquerque, NM 87102

Features: Gated, heavy power (3-phase 480 volt), significant 2023 renovations

Close To: I-25, Albuquerque Intl. Airport

Building: 8 buildings: 82,348 SF warehouse, 6,588 SF office, 23,456 SF (combined paint booths, shop area, sandblasting sheds). 45 overhead doors total.

Zoning: NR-LM (Light Manufacturing)

Asking Price: $13,000,000

Rental Rate: $90,000/month NNN 

Info: LINK

FOR SUBLEASE: Palmetto, GA - 9.73 acre IOS

Address: 7940 Bowen Road, Palmetto, GA 30268

Features: Fully-fenced, paved, lit, 130 trailer positions

Buildings: 20,131 SF main shop, 11 drive-ins (12’ x 14’), drive-through, maintenance pit, and 5,292 SF annex shop with 7 drive-ins (12’ x 14’)

Zoning: M-1 (City of Palmetto)

Rental Rates: $57,000/month NNN, available through 9-30-26, no subdividing

Info: LINK

FOR LEASE: San Diego, CA – 39 acre IOS

Address: 9802 Lone Star Road, San Diego, CA 92154

Features: Fully fenced, secured, multiple entry points to yard, electric and pole-lighting throughout, possible 100-acre expansion to the west

Close to: SR-905, SR-125, and Otay Mesa II Port of Entry

Building: 20,000 SF metal warehouse, 28’ minimum clear height, 8 oversized grade-level doors, 53’ trailer access

Zoning: S88 Heavy Industrial

Lease Rate: Contact broker

Info: LINK

FOR LEASE: Newark, NJ - 6.94 acre industrial with IOS

Address: 449 Doremus Avenue, Newark, NJ 07105

Features: Fenced, paved, lit

Close To: I-95 Exit 14, I-78, I-280, US Hwy 1 & 9, Ports Newark and Elizabeth port and Newark Airport

Building: 30,000 SF total building with 25,000 SF warehouse, 5,000 SF mezzanine office, 18 DI or 18 TB loading, 45’ to deck, 40’ clear (33’ under crane) ceiling height

Available: Q4 2024

Info: LINK