IOS Daily - July 30 - Excelsior, Westport affiliate buy 6 AC IOS in Nashville metro

NEWS ROUNDUP

ACQUISITION: Excelsior, Westport affiliate buy 6 AC IOS in Nashville metro. A partnership between Excelsior Capital and an affiliate of funds managed by Westport Capital Partners LLC has acquired 131-139 Industrial Boulevard in La Vergne, Tennessee, out of bankruptcy. The low-coverage property features a 99,625 SF industrial building. Abishek Mathur, William George, and Jarrod Arnold led the Excelsior Capital deal team. Zac Cypress with Colliers facilitated the sale. David Harris and Lee Sager with Camps Bay Capital arranged the equity financing for the deal and advised on the partnership.

ACQUISITION: Hyde Park buys 10.5 AC IOS In Austin, TX. Hyde Park Real Estate has acquired 11701 Von Quintus Road in Austin, Texas. The property features 7,500 SF of industrial improvements. Sameed Gagai, Christian Zyire Ardoin-Dural, and Milco Cipriani led the Hyde Park deal team. Emil Shabot with Kassin Sabbagh Realty facilitated the transaction.

ACQUISITION: Warehouse Hotline brokers $8.1M sale of 5.29 AC IOS portfolio to Jadian. The Warehouse Hotline has facilitated the sale of 2 IOS properties in Arizona and Colorado to Jadian IOS. Both properties were acquired in sale-leaseback deals with Western Mixer. Aviva Sonenreich led the Warehouse Hotline deal team in both transactions. The properties are:

• 2560 East Main Street in Mesa, Arizona — 3 AC with an 8,000 SF building; sold for $4.4M (buyer co-representation by Bang Realty)

• 855 East 68th Avenue in Denver, Colorado — 2.29 AC with a 9,500 SF building; sold for $3.7M

DISPOSITION: Newmark sells 7.17 AC IOS in Denver, CO. Newmark has facilitated the sale of 1701 East 68th Avenue in Denver, Colorado. The property is fully leased. Mike Viehmann, Michael Wafer Jr., Mike Wafer, and Reagan Todd with Newmark represented the seller, StarPoint Properties, in the transaction.

ACQUISITION: Alterra buys 4.6 AC IOS in Columbus, OH, metro area. Alterra IOS has acquired 7455 Reliance Street in Columbus, Ohio. The low-coverage property features 20,000 SF of building improvements and is fully leased. Parker Pearson and E. Liam Loftus led the Alterra IOS deal team. Domenic Skunda with Cushman & Wakefield facilitated the transaction.

DISPOSITION: Matthews sells 3.74 AC truck terminal in Owatonna, MN. Matthews has facilitated the sale of 1060 26th Place Northwest in Owatonna, Minnesota. The property features a 12,550 SF building and is occupied by FedEx Freight. Patrick Nolan and Jack Lenihan with Matthews represented the seller. Phil Prounh with Kensington Vanguard also assisted in the transaction.

ACQUISITION: Catalyst Investment Partners buys 3.26 AC IOS in Raleigh, NC. Catalyst Investment Partners has acquired 8700 Fleet Service Drive in Raleigh, North Carolina. The property features a 7,600 SF service facility and was 100% leased at closing. Brandon Johnson and Kyle Earley led the Catalyst deal team. Nick Kasprzak with Rich Commercial Realty facilitated the transaction.

LEASE SIGNED: Panther Capital Group leases 1 AC IOS in Orlando metro area. Panther Capital Group has facilitated a lease renewal for 3208 Overland Road in Apopka, Florida. The property features a 2,400 SF industrial building. Guillermo de Nicolas with Panther Capital Group represented the landlord in the transaction.

FROM OUR PARTNERS

3.58 AC | 3 Independent Industrial Buildings Totaling 23,366 SF (Includes 1,750 SF of Finished Office Space) | Open Clear-Span Shop Areas | Gas Heat and Compressed-Air Drops | Up to 25’ Center Heights | Mezzanine and Covered Storage | Direct Access to US-72, Slaughter Road, and I-565

For Lease or Sale | 1.84-4.74 AC Available | Gated | Power and Utilities on Site | 32,262 SF Warehouse with 20’ Clear Height, 5 Grade-Level Doors and 1 Dock-High Door | Close to Highway 95 and Windsor Beach State Park and Boat Launch

11.96 AC | 5.13 Improved AC | 4,862 SF Office/Warehouse Building with 4,000 SF Second-Floor Office, Bathroom, and Storage | Currently Leased to CDL Driving School Until 6/14/27 | Heavy Industrial Zoning | 1 Mile South of I-485 Exit 23 with Immediate Access to I-77 and Quick Access to I-85

3.79 AC | Graveled, Lit, Fenced, and Gated Laydown Yard | 15,000 SF Clear-Span Warehouse Space with 3 Oversized Grade-Level Doors and 650 SF Built-in Office Area | Close to US-13, Greenville Bypass, I-587, and East Carolina University | ASKING RENT: $14,250/Month

4.5 AC | High-Visibility, Paved Site with Phenomenal Signage Opportunities | 10,815 SF Truck Maintenance Facility with 7 Grade-Level 14’ Overhead Doors and 1 Grade-Level 8’ Overhead Door | Rare Infill Site Just Minutes from I-70, I-465, Indianapolis Intl. Airport, and Global FedEx Hub | I-4 Zoning (Allows for Outdoor Storage and Transportation Uses)

1.87 AC | Graveled, Fenced, Lit, and Secured | 4,500 SF Warehouse with Office Space and 3 Drive-in Doors | Less Than 1 Mile to NJ Turnpike and I-287 | Direct Access to US-1, Outerbridge Crossing, Newark Liberty Airport, and Port of Newark