IOS Daily - March 2 - Almanac acquires minority stake in Alterra IOS

NEWS ROUNDUP

INVESTMENT: Almanac acquires minority stake in Alterra IOS. Neuberger Berman affiliate Almanac has taken a minority stake of an undisclosed size in Alterra IOS, the country’s largest IOS owner and manager. “This investment enables Alterra to build on our existing capabilities and further strengthen our leadership position in the growing IOS market,” Alterra Managing Partner and CIO Matthew Pfeiffer said. According to Almanac, the investment underscores its confidence in the long-term potential of IOS. “Alterra is a clear category leader in the IOS segment of industrial real estate,” said Almanac Managing Director Josh Overbay.

ACQUISITION: Jadian IOS buys 6.5 AC IOS in Sarasota, FL. Jadian IOS has acquired 6445 and 6407 33rd Street East in Sarasota, Florida. The property features a 4,000 SF industrial service facility. Sara Swift, Alex Stahl, and Daniel Schuchinsky led the Jadian deal team in the transaction.

ACQUISITION: Open Industrial buys 3.3 AC IOS in Spartanburg, SC. Open Industrial has acquired 4235 North Blackstock Road in Spartanburg, South Carolina. The property features a 10,700 SF industrial building and is fully leased to BTR Inc. Rob Foa, Matt Potolicchio, and Chad Pitts led the Open Industrial deal team. Christian Hober with Lyons Industrial Properties facilitated the transaction.

ACQUISITION: CanTex Capital buys 11.7 AC IOS portfolio in Dallas. CanTex Capital has acquired a portfolio of IOS and industrial properties totaling 147,376 SF. The properties are located at the corner of South Buckner Boulevard (Loop 12) and Hoyle Avenue in Dallas, Texas. Ryan Harding with Newmark and Natalie Snyder and Jake McMillon with Cresa Dallas facilitated the transaction.

LEASE SIGNED: Metz Industrial Group leases 1 AC IOS in Linden, NJ. The Metz Industrial Group (MIG) of Bussel Realty Corp. has facilitated the leasing of 1 AC of IOS at 1600 Lower Road in Linden, New Jersey. The new tenant is Alpha Cargo Transport. Jordan Metz, Benito Abbate, and James Friel with MIG represented the landlord, 1600 Lower Road Associates, in the transaction.

LEASE SIGNED: L|H Capital Partners leases 2.98 AC IOS in Hudson, FL. L|H Capital Partners has facilitated the leasing of 16015-16021 US-19 in Hudson, Florida. The property features 2 buildings totaling 11,000 SF. Ryan Hutowski and Griffen Kreutzberg with L|H Capital Partners represented the landlord in the transaction.

19.13 AC in 2 Parcels | ±53,000 SF Warehouse | Dock and Drive-in in 2 Buildings | 3-Phase Power | Gas Served | Zoning Permits Outdoor Storage | Close to I-95 and I-695 | Well Positioned in East Baltimore County

For Sale and Lease | 8.35 AC | City-Approved Plan for 10,700 SF Warehouse Facility with 3 Drive-in Doors and 20’ Clear Height | 600 Amp, 480V, 3-Phase Power | Industrial Zoning and Utilities in Place | Less than 1 Mile from I-40 | Groundbreaking Expected in Late 2026

7.6 AC | On L&C Rail Line with Siding Connecting to CSX Rail Interchange | Utilities to Site | 12 Miles to Lancaster County Airport, 25 Miles to I-20, 35 Miles to I-485, 52 Miles to Charlotte Airport | Bonus Parcel of 106 East 2nd Street Included in Sale | Heavy Industrial Zoning

5 AC | Graveled and Gated Truck and Trailer Parking with Secure Fencing | Utilities Onsite | 3,300 SF Repair Shop | Easy Access to I-57, I-80, and I-294 | Close to CSX, CN, BNSF, and NS Intermodal

6 AC | Stabilized, Fully Fenced, and Lit | Offers Immediate Access to US-41, I-4, and the Selmon Expressway | 6 Miles to Port Tampa Bay and 12 Miles to Tampa Intl. Airport | Zoning: CI (Commercial Intensive)

4.5 AC | Concrete-Paved, LED-Lit, Fully Fenced, and Gated Yard | Guard Shack with Access Control | 8’ Perimeter Fencing with Barbed Wire | 6,556 SF Building (4,000 SF Warehouse, 2,556 SF Office) | Dock-High and Grade-Level Loading | Utilities on Site | Close to I-35, Loop 410, San Antonio Intl. Airport, and San Antonio’s Primary Industrial and Logistics Corridors