IOS Daily - March 19 - B&D Holdings buys 29 AC Sun Belt IOS portfolio

NEWS ROUNDUP

ACQUISITION: B&D Holdings buys 29 AC Sun Belt IOS portfolio. B&D Holdings has acquired a portfolio of 6 IOS assets totaling 29 AC. The properties are currently 100% leased. A CBRE deal team led by Jonathan Bryan, Elliott Dow, and George Fallon represented the seller, Stonelake Capital Partners, in the transaction. Mike Burney led the B&D deal team. The properties in the portfolio are:

• 200 Mendel Drive in Atlanta, Georgia

• 2300 Peachtree Road in Atlanta, Georgia

• 20 Selig Drive in Atlanta, Georgia

• 627 112th Street in Arlington, Texas

• 500 Huffines Boulevard in Lewisville, Texas

• 340 West Northwest Highway in Grapevine, Texas

ACQUISITION: Greysteel brokers sale of 1.78 AC IOS in DC area for $4.925M. Greysteel has facilitated the sale of 3839 Ironwood Place in Landover, Maryland. The property features an 18,100 SF industrial facility. The seller was All Roads Trucking. Derrick Cohen and Zach Benlemlih with Greysteel represented the buyer, Catalyst Investment Partners, in the off-market transaction.

ACQUISITION: Rockbrook Equity buys 3.94 AC future IOS site in DFW metro. Rockbrook Equity has acquired 902 North McDonald Street in McKinney, Texas. The property includes a 9,259 SF building that is currently occupied by Dollar General. Once the retailer vacates the building within 90 days, Rockbrook plans to redevelop the property as a highly usable IOS facility. Jon Birnbrey and Cole Horowitz led the Rockbrook deal team. Liam Wagner with Younger Partners represented Rockbrook in the transaction.

ACQUISITION: IG Logistics buys 3.89 AC IOS in Atlanta metro area. Imperium Capital’s IG Logistics has acquired 1924 Graves Road in Norcross, Georgia. The transaction marks IGL’s first acquisition in the Atlanta MSA and includes an 8,000 industrial service facility that is currently leased to MHC Kenworth. Thomas Mammolito and Daniel Glaser led the IG Logistics deal team.

ACQUISITION: Alterra buys 5.1 AC IOS in San Antonio,TX, metro area. Alterra IOS has acquired 7059 Pipestone Road in Schertz, Texas. The property features a 30,000 SF industrial building. E. Liam Loftus led the Alterra deal team in the transaction.

PEOPLE MOVES: APEX welcomes new IOS investment pro to team. APEX has added David Hovis to its investments team. His prior experience incudes roles at Primer and Franklin Street. In his new role, David will focus primarily on sourcing IOS investment opportunities in Florida, Georgia, and the Carolinas.

FROM OUR PARTNERS

As experienced industrial operators, we understand the dynamics of IOS. Our high-leverage financing is built for speed and flexibility, backed by a relationship-driven approach that helps investors and operators execute their business plan.

6.6 AC | 28,700 SF Shallow Bay Warehouse and 2,300 SF Service Warehouse Paved, Fenced, and Lit IOS Yard Space | 100% Leased to 2 Tenants | 17 Total Loading Doors | 24’ Clear Height in Warehouse | Infill Port of VA Location | Close to I-64, I-464, and I-664

For Sale or Lease | 7.11 AC of IOS | Build-to-Suit from 5,000 SF to 100,000 SF | 1.6 Miles from I-40 | Zoning: MI (Medium Industrial, IOS Permitted)

4.75 AC | 9,221 SF Industrial Service Building with 3 Grade-Level Doors | New Construction | 100% Leased to National Construction Tenant | Close to I-76, E-470, I-25, I-70, and Denver Intl. Airport

2.13 AC | Fully Stabilized, Fenced, and Gated IOS Yard | Frontage on Brittmoore Road | Close to US-290, Beltway 8, FM 529, and I-10

1.1 AC | Graded, Graveled, and Secured Yard | 10,000 SF Warehouse with 500 SF Office, Drive-Thru Access, and 2 Drive-in Doors on Opposite Ends | Utilities Onsite | Close to I-95, I-495, Routes 3 and 1/9, EWR Airport, Port Newark/Elizabeth, and Manhattan via Lincoln Tunnel

4.73 AC | Partially Paved | Graveled | Electric Fence with Automatic Gates | 3-Phase Power | Utilities on Site | 6,000 SF Total Building (4,800 SF Warehouse and 1,200 SF Office) | 5 Miles to I-15