IOS Daily - July 31 - Genesis closes $5M refi loan for 16.82 acre IOS in San Diego

Good morning. This is IOSList, and we are on a mission.

Now, let’s get to it.

NEWS ROUNDUP

FINANCING: Genesis closes $5M refi loan for 16.82 acre IOS in San Diego. Genesis Credit has successfully closed a $5M loan for the refinancing of a 16.82 acre IOS property in San Diego, California. The property includes a 22,000 SF cold storage facility. The Genesis deal team included Jake Gerber, Ezra Husney, and Michael Hess. Bradley Vansant with JLL brokered the transaction. (If you’re interested in cold storage, check out our sister publication Cold Storage List.)

DISPOSITION: Binswanger sells 4.35 acre IOS in Philadelphia, PA. Binswanger has brokered the sale of 3740 East Thompson Street in Philadelphia, Pennsylvania. The property features a 25,000 SF industrial building. Chris Pennington led the Binswanger deal team.

DISPOSITION: Matthews sells 2 acre IOS in Atlanta metro area. Matthews Real Estate Investment Services has facilitated the sale of 2520 Jake Drive in Cumming, Georgia. The low-coverage property features a 12,000 SF building and is currently leased to FleetPride. Thomas Wilkinson and Harrison Auerbach with Matthews represented the seller in the all-cash transaction.

DISPOSITION: Panther Capital Group sells 1 acre IOS in Orlando, FL. Panther Capital Group has facilitated the sale of 4780 Pascoe Street in Orlando, Florida. The property features a 1,445 SF building and is zoned IND. Tallie Washington represented the seller in the transaction.

LEASE SIGNED: KWILL leases 6.42 acre IOS in Chicago for Realterm. KWILL Real Estate has facilitated the leasing of 4400 South Racine Avenue in Chicago, Illinois. The property is owned by Realterm and features a 19,853 SF industrial building. Matthew Knafel, Andrew Gerovasil, and John Coleman with KWILL represented Realterm in the transaction. The Realterm deal team included Patrick Smart and Abby Landry. Mike Hawryluk and Robert J. Russell, Jr. with ICG CRE represented the tenant, Voigt’s Bus Cos.

READ: Zoning issues challenge the Southwest Florida IOS market.

FROM OUR PARTNERS

EnRoads transforms Chicagoland site.

EnRoads just completed this 17,675 SF full paving replacement — along with some heavy-duty underground stormwater upgrades.

Villages like Elk Grove are requiring more advanced detention systems for site improvements — which means longer timelines, stricter compliance, and bigger budgets.

This one took patience, persistence, and a whole lot of coordination. We are proud to say the final product was worth every bit of it.

Reach out to EnRoads for your next paving repair or replacement. Free quotes and we're nationwide! 

Click on each photo for more information.

For Sale or Build-to-Suit | 26.2 AC | Fully Permitted and Approved Project with Warehouse up to 331,700 SF (Subdividable) | Multiple Uses Allowed | 50-Mile Population: 7.59M | Close to I-90, I-495, I-84, and I-91

7.5 AC | Alameda Road Frontage | Existing Structures on Site | Well and Septic | Industrial Zoned (Maricopa Co.) | Close Proximity to Deer Valley Airport, TSMC, I-10, and AZ-101

For Sale and Lease | 4.85 AC (2 AC Currently Graveled) | All Utilities to Site | Close to I-40 | OKC I-2 Zoning (Moderate Industrial)

12 AC Available | Secure and Fully Entitled Yard for Truck/Trailer Parking or Outside Storage | 10’ Security Fencing | Reinforced with Perimeter Guard Rails | Parking Lot Lights Throughout | Close to I-90

108 AC Available (Divisible to 5 AC) | Stabilized Truck Parking | Lit, Gated, and Secured | 3-Phase Power Available | Close to I-45, I-20, and Union Pacific Dallas Intermodal Terminal

16.114 AC | Building A: 16,015 SF with 3,300 SF Office | Building B: 7,250 SF | Gantry Crane | Fenced and Graveled | Close to NJ Turnpike Exit 8A