IOS Daily - March 9 - Green Courte Partners buys 55 AC IOS portfolio in Columbus, OH

NEWS ROUNDUP

ACQUISITION: Green Courte Partners buys 55 AC IOS portfolio in Columbus, OH. Green Courte Partners has acquired 1888, 2020, 2056, 2100, 2104, 2110, 2116, and 2200 Watkins Road in Columbus, Ohio. The portfolio includes 28,000 SF of building coverage. The Green Courte deal team included Zachary Bonheyo and Jordan Kerger. Weston Devore and Nick Tomasone with CBRE are currently marketing the property for lease.

ACQUISITION: ICG brokers sale of 10 AC IOS in Chicago area. ICG has facilitated the sale of 3504 Virginia Road in Crystal Lake, Illinois. The property includes 5 buildings totaling 26,000 SF. Mike Hawryluk with ICG represented the buyer and was the only broker in the off-market transaction. Kevin Drucker with Cornerstone National Bank & Trust Co. assisted with the financing. Mark Zaprzalka of Jacob & Hefner Associates Inc. and Spiros D. Alikakos also assisted in the transaction.

DISPOSITION: SRS Industrial sells 4.61 AC IOS in Detroit metro area. SRS Industrial has facilitated the sale of 2586 South Milford Road in Highland, Michigan. The property features a 2,592 SF building and is currently leased to Heritage Landscape Supply, a subsidiary of SRS Distribution. The SRS Industrial deal team included Dave Faris, Frank Rogers, and Jack Cornell.

DISPOSITION: Marcus & Millichap sells 9.42 AC IOS in Raleigh, NC. The Bauman Moffitt Team at Marcus & Millichap has facilitated the sale of 3201 Spring Forest Road in Raleigh, North Carolina. The property features 2 buildings totaling 32,000 SF. Peter Bauman, Tivon Moffitt, and Andrew Margulies led the Marcus & Millichap deal team in the transaction.

LEASE SIGNED: CBRE leases 2.04 AC IOS in Las Vegas. The Willmore Industrial Team at CBRE has facilitated the leasing of 5845 South Valley View Boulevard in Las Vegas, Nevada. The property features an 8,410 SF office/warehouse building. The CBRE deal team included Kyle Kirchmeier, Mike Willmore, Lauren Willmore, Dean Willmore, and Alex Stanisic.

PEOPLE MOVES: Alterra IOS elevates 4 new Partners. In our March 2 edition of IOS List, we discussed Almanac’s acquisition of a minority stake in Alterra IOS. We now know that through the transaction, Alterra has named Charlie Totten, Mark Gannon, Parker Pearson, and Scott Whittle as Partners.

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.

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

Online Auction Ends March 19 at 4:00 p.m. EDT | 17.87 AC Total: 6.6 AC with Timber Possibilities and 11.17 AC of IOS | 120,000 SF of Metal Canopies with 14’-16’ Clear Heights | 90,000 lb Truck Scale | 3-Phase/1-Phase Power | Close to I-80 and Youngstown/Warren MSA | Heavy Industrial Zoning

1.8 AC | 7,179 SF Office/Shop Building | Large Paved Storage Yard | 34 Full-Length Truck Parking Spaces | 8 Boat Parking Spaces

4-7 AC | 300 Parking Spaces | Industrial Zoning | Located Just 11 Miles from the Port of Savannah | Easy Access to Highway 21 Corridor | Close to I-16 and I-95

±4.2 AC | Fully Fenced and Lit | ±1,268 SF Office Building | Approved for Trailer Leasing, Repair, and Outdoor Storage | Drainage System | 400-Amp 3-Phase, 240V High-Leg Delta Service with Upgrade Potential Available | 2.5 Miles to Miami Intl. Airport and Cargo Clearance Center | Easy Access to FL-826, FL-836, Florida’s Turnpike, and FDOT Strategic Intermodal System

6.7 AC | Fully Stabilized Yard | Outdoor Lighting Throughout Yard | 14 Miles from Barbour’s Cut | 6,500 SF Warehouse with 6 Drive-in Bays and 18’ Clear Height | 2,800 SF Mobile Office