IOS Daily - March 26 - Good Investment Partners buys 2 TravelCenters of America assets

NEWS ROUNDUP

ACQUISITION: Good Investment Partners buys 2 TravelCenters of America assets. Good Investment Partners has acquired 2 TravelCenters of America truck stop properties located at 8018 US-93 North in Missoula, Montana, and 171 Berkley Road in Paulsboro, New Jersey. Combined, the properties total 57 AC and complement the firm’s acquisition of a TravelCenters of America location in Commerce City, Colorado, which was completed last year. Good Investment Partners’ investment in the sector now totals approximately 82 AC and $87.6M. Ryan Good led the Good Investment Partners deal team in the transactions, while Justin Boruchov with Arrow Real Estate Advisors facilitated the financing and Northmarq’s Anthony Cohen and Logan Carbonari represented the seller.

ACQUISITION: Neil Walter Co. brokers sale of 7.14 AC IOS in Tacoma, WA. Neil Walter Co. has facilitated the sale of 3402 and 3408 Lincoln Avenue in Tacoma, Washington. The property includes a 10,200 SF office/industrial building. Nicholas Ratzke with Neil Walter Co. represented the buyer in the transaction.

ACQUISITION: Jadian IOS buys 3.3 AC IOS in Providence, RI. Jadian IOS has acquired 370 Wampanoag Trail in Providence, Rhode Island. The low-coverage property includes a 15,500 SF industrial service facility. John Grib, Alex Stahl, Zachary Friedman, and Daniel Schuchinsky led the Jadian IOS deal team.

ACQUISITION: Bricktop Capital buys 1.92 AC IOS in San Antonio, TX. Bricktop Capital has acquired 4702 Center Park Boulevard in San Antonio, Texas. The property features an 8,750 SF service facility. Mack Prioleau and Graeme Weaver led the Bricktop Capital deal team. Will Hall and Ryan Garcia with Stream Realty Partners facilitated the transaction.

LEASE SIGNED: Cushman & Wakefield leases 5.57 AC IOS in Los Angeles area. Cushman & Wakefield has facilitated the leasing of 505 West Foothill Boulevard in Azusa, California. The property features 55,957 SF of industrial improvements. Erik Larson, Robin Dodson, Paul Sims, and Maya Schirn represented the tenant in the transaction. Rick Sheckter and Johnson Chien with Newmark represented the landlord.

PEOPLE MOVES: Partners welcomes Chris Wong, new Partner with IOS focus. Chris Wong has joined the team at Partners as a Partner in the company’s Dallas-Fort Worth office. Chris’ experience includes roles at Bradford CRE, Austin Industries, and Deloitte. At Partners, Chris will focus on growing and building the company’s IOS platform across the DFW area and Texas as a whole.

For Sale and Lease | 2 AC | Fully Fenced, Gated, and Meticulously Stabilized | Mobile Office on Site | Utilities on Site | Blocks from I-10, Greens Port, and Houston Ship Channel | Rental Rate: $4,200/AC/Mo.

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

15.23 AC | Permitted for IOS Use | Secure Gate Access | Strategically Located Just 3 Miles West of I-25 off Highway 402

0.53 AC | Fenced, Graveled, and Lit Outside Storage Yard | Power Available: (1) Outdoor 100a 480/277v 3-Phase Panel and (1) 225a 208/120v 3-Phase Panel of Optional Standby Power (Generator) on Site | Private Automated Vehicular Gate Access | Central Eastside Location with Easy Access to Willows Road and WA-520 | Proximity to Meta, Microsoft, and Amazon | Email Broker for More Info

2 Parcels Available for Lease: West Parcel ±13 AC; East Parcel ±7 AC | Parcels Are Gated and Enclosed by 8’ Screened Perimeter Fence with Barbed Wire | One of the Largest Available IOS Sites in the East Bay | Strong Existing Infrastructure in Place | Ability to Accommodate Heavy Power | Active Rail Spur on Site | Heavy Industrial Zoning | Suitable for High-Intensity Industrial, Logistics, and Manufacturing Users

0.3 AC | Secure, Fully Fenced Lot | 2 Separate, Lockable Entry Gates | Concrete Pad | Convenient Access to Major Roadways and Surrounding Industrial Corridors