IOS Daily - March 16 - Cooper-Horowitz arranges $103M loan from PGIM for Alterra IOS

NEWS ROUNDUP

FINANCING: Cooper-Horowitz arranges $103M loan from PGIM for Alterra IOS. Alterra IOS has secured a $103M acquisition loan for an IOS portfolio of 23 assets in 18 markets across the US. Justin Horowitz with Cooper-Horowitz secured the financing from PGIM on Alterra’s behalf. Scott Whittle and Kate Mooney led the Alterra deal team, while Justin Levitt led the PGIM deal team.

DISPOSITION: Lee & Associates sells 10 AC IOS in Austin, TX. Lee & Associates - Austin has facilitated the sale of 10777 South US-183 in Austin, Texas. The property features 7.5 AC of paved yard, as well as 52,000 SF of covered storage and an 8,370 SF industrial facility. Adam Green and Luke Boykin with Lee & Associates represented the seller, Tiger Capital, in the transaction.

DISPOSITION: Unique Properties sells 4.72 AC IOS in Denver metro for $6.2M. Unique Properties has facilitated the sale of 5400 Marshall Street in Arvada, Colorado. The property features 31,300 SF of industrial improvements. Brett MacDougall, Michael DeSantis, and Jonah Duran led the Unique Properties deal team.

ACQUISITION: CanTex Capital buys 3.43 AC IOS in West Dallas. CanTex Capital has acquired 1905 Akron Street in Dallas, Texas. The property includes a 15,500 SF warehouse. Chris Wong with Partners represented CanTex in the transaction.

LEASE SIGNED: PRB and Leader Properties lease 3.45 AC IOS in Fort Myers, FL. Preferred Real Estate Brokers (PRB) has facilitated the leasing of 17280 Jean Street in Fort Myers, Florida. The property includes a 2,500 SF office building. Mark Williams with PRB represented the landlord, Leader Properties, whose deal team was led by Stephanie Lazovska.

JOINT VENTURE: DCM Investment Group and TPG Angelo Gordon form JV to acquire IOS sites in the Netherlands. “By combining our expertise, we are well positioned to identify and realize opportunities in this rapidly growing segment,” DCM’s David van Goudoever said. “DCM’s extensive sourcing capabilities and market knowledge provide valuable support for future investments in this promising asset class,” remarked Jack Laarakkers of TPG Angelo Gordon.

LEASING SPOTLIGHT

20 AC Available | Paved, Fenced, and Gated | Utilities On-Site | Chassis M&R On-Site | Container M&R On-Site | Strategically Located Just off I-35

Also Available for Lease: 31220 West 18th Street, Edgerton, KS 66021; 3201 Centerpoint Way, Joliet, IL 60436; 10458 Alta Drive, Jacksonville, FL 32226

Additional IOS Sites Available Nationwide: Atlanta | Charleston | Cincinnati | Cleveland | Columbus | Detroit | Fort Worth | Houston | Indianapolis | Troy | Los Angeles East | Louisville | Memphis | New Orleans | Oakland | Portland | Sauget | Savannah | Seattle

2.06 AC | Fully Fenced and Secured | Scarce Southwest Las Vegas Submarket Location | Private Well, Septic, and Utilities on Site | Existing Structure: Renovate, Repurpose, or Remove | Permits Secured for Yard Paving | Permits Secured for Bunker Removal | Current Tenant on Month-to-Month Lease

39.05 AC | GMS and Centurion-Anchored Portfolio | 20.05 AC of Land for Development | Stabilized Outdoor Storage | Roll-up Grade-Level Doors | 10-Ton Cranes | Salt Creek Highway Frontage Along 1-25 with VPD | 4.7 Miles from BNSF Railway Trans-Load Facility and 7.7 Miles from Wyoming’s Only Intl. Airport

3.07 AC | Paved, Lit, Fenced, and Gated IOS Property | 3-Phase Power | All Utilities Onsite | Total of 11,630 SF: ±8,500 SF Warehouse with 17’-19’ Clear Heights and ±2,500 SF Canopy Building, Both with Cross-Dock Loading and Grade-Level Oversized Drive-in Doors Available | Close to I-95, I-895, Dundalk Marine Port, and Downtown Baltimore

48.89 AC | Graveled Lot Suitable for Trailer Parking or IOS | Max Capacity: 126 Spaces | Proposed Fence and Gate Protection | Owner Will Provide Fencing and Lighting if Requested | Quick Access to I-81 and I-476

8.79 AC | Fenced and Secured | LED Lighting | Utilities Onsite | 6,500 SF Shop with 8 Grade-Level Doors | Loop 12 Frontage | Quick Access to I-35E, I-30, and TX-183 | 7 Miles From DFW Intl. Airport | Available 1/1/26

5.5 AC | Rare Heavy Zoned IOS | Fully Fenced and Gated Lot | Lighting Throughout Lot | Opportunity to Expand Fencing to Include Additional Acre | 2 Buildings: 1,100 SF Office and 1,750 SF Warehouse | Utilities on Site | Close to CA-126 and Santa Paula Airport