IOS Daily - May 28 - Cooper-Horowitz arranges $150M IOS aggregation facility financing

NEWS ROUNDUP

FINANCING: Cooper-Horowitz arranges $150M IOS aggregation facility financing. Cooper-Horowitz has secured a $150M loan for a portfolio owned by Center Capital’s Terminal Logistics IOS platform. The portfolio features 23 IOS properties located in 7 states and totaling 111.1 AC. Justin Horowitz, Ben Knopf, and Josh Tropper led the Cooper-Horowitz deal team. The Center Capital deal team included Jeremy Cohen, Jack McNamee, Ben Miller, and Max Reiter.

ACQUISITION: DAUM facilitates sale, leasing of 3.1 AC IOS in Phoenix for $4.6M. DAUM Commercial Real Estate Services has facilitated the acquisition of 2221 West Deer Valley Road in Phoenix, Arizona. The property was acquired by a California-based family office real estate investor. The property includes a 7,000 SF industrial building. Trevor McKendry, Chris Rogers, Nick Reinhardt, Beau Citron, and Nick Fajardo with DAUM represented the buyer in the transaction and secured a tenant for the property during escrow.

ACQUISITION: Bricktop Capital buys 4.15 AC IOS in Austin, TX, metro area. Bricktop Capital has acquired 1605 Century Street in Pflugerville, Texas. The property features 6,243 SF of industrial buildings. Karson Conrad and Tyler Markwood with Bates Real Estate facilitated the transaction. Will Hall and J. Bridger Gunderson with Stream Realty Partners are marketing the property for lease.

ACQUISITION: Jadian IOS buys 3.2 AC IOS in Fort Myers, FL. Jadian IOS has acquired 6180 Federal Court in Fort Myers, Florida. The property features a 13,500 SF industrial service facility. The Jadian IOS deal team included Justin Fletcher, Alex Stahl, and Daniel Schuchinsky.

LEASE SIGNED: Colliers leases 5.1 AC asset with IOS in Palm Beach Co., FL. Colliers has facilitated a 7-year lease for 403 Hilbrath Drive in Lantana, Florida. The property features 3.5 usable AC, as well as a 16,227 SF office/warehouse building. The rental rate is $10,000 per month NNN per AC. Anthony Cicio and Michael Falk with Colliers represented the landlord in the transaction.

PEOPLE MOVES: Alluvion Partners welcome Director of Investments. Kyle Weldon has joined Alluvion Partners as the company’s 1st employee. Kyle will serve as Alluvion’s Director of Investments, with a focus on sourcing and executing investment opportunities, overseeing acquisition efforts, and driving asset management initiatives. His previous experience includes roles at Dalfen Industrial and Newmark.

10.12 AC | Ideal for Heavy Outdoor Storage | Perimeter Fencing | Automatic Gate | Power Hookups Throughout Yard | Class A Infrastructure, Including (10) 16’x14’ and (20) 10’x10’ Overhead Doors | Specialized Vehicle Wash Bay | Multi-Fuel Island | Close to I-65, I-70, I-465, Indianapolis Intl. Airport, and Global FedEx Hub | I-4 and C-7 Zoning Supports Wide Range of IOS and Commercial Operations

9 AC (±7 Usable AC IOS) | 635’ Frontage and Signage on Causeway Boulevard | Zoned “Commercial Intensive” | Quick Access to I-75, I-4, US-41, US-301, Selmon Expressway, Port Tampa Bay, and Downtown Tampa

±21.5 Useable AC (±38.95 AC Total) | Trophy-Quality Industrial Service Facility | ±17.9 AC Leased to Depot Connect Intl. | 32,750 SF of Improvements | Close to I-26, US-17 Alt, US-76, and Port of Charleston

4.5 AC | High-Visibility, Paved Site with Phenomenal Signage Opportunities | 10,815 SF Truck Maintenance Facility with 7 Grade-Level 14’ Overhead Doors and 1 Grade-Level 8’ Overhead Door | Rare Infill Site Just Minutes from I-70, I-465, Indianapolis Intl. Airport, and Global FedEx Hub | I-4 Zoning (Allows for Outdoor Storage and Transportation Uses)

2.3 AC Fenced Yard | 8,648 SF Building: 5,448 SF Office/Warehouse and 3,200 SF Covered Cross-Dock Area | 26 Doors Total: 15 Interior Dock-High Doors and 12 Exterior Covered Docks | Less Than 1 Mile from the Port of Mobile | Easy Access to I-10 and I-165

6 AC | Paved, Secured Yard with 50+ Truck and Trailer Parking Spaces and Drop-Yard Capability | ±10,140 SF Warehouse/Terminal Building with Efficient Office, Dock, and Operational Layout | ±6,000 SF Dedicated Truck Maintenance Facility with 4 Drive-in Service Bays | Close to I-75, I-280, and US-24 and Strong Connectivity to I-90, Detroit, Chicago, and Midwest Distribution Corridors