IOS Daily - November 13 - Fleet Parking buys 52.77 acre IOS in Newark, NJ

NEWS ROUNDUP

ACQUISITION: Fleet Parking buys 52.77 acre IOS in Newark, NJ. Fleet Parking Solutions has acquired 740 Doremus Avenue in Newark, New Jersey. The site is fully-fenced and gated with onsite security. Space can be leased by the stall or by the acre. The Fleet Parking deal team was led by Frank Mazzola.

DISPOSITION: Friedman sells 12 acre IOS in St. Louis, MO for $5.2M. Friedman Real Estate has brokered the sale of 7400 North Broadway Street in St. Louis, Missouri. The property features several industrial buildings for a total of 102,400 SF. A Friedman deal team led by Derek DeLaura represented the seller in the transaction. The buyer is a national LTL trucking company headquartered in Pittsburgh, Pennsylvania.

ACQUISITION: Alterra buys 2.8 acre IOS in Richmond, VA metro area. Alterra IOS has acquired 11144 Progress Road in Ashland, Virginia, a suburb of Richmond. The property features a 9,700 SF warehouse. Jimmy Martin with Colliers represented Alterra in the transaction.

LEASE SIGNED: CBRE leases 4 acre IOS in Tulsa, OK. CBRE has facilitated the lease of 3744 South Jackson Avenue in Tulsa, Oklahoma. The property includes a 7,680 SF warehouse. The CBRE deal team included David Glasgow, Alex Powell, and Kurt Giller.

PEOPLE MOVES: Arden Logistics hires new Managing Director of Acquisitions. Arden Logistics Parks, Arden Group’s RE operating platform focusing on light industrial parks and ISFs, has named Charlie McCombs as its new Managing Director of Acquisitions. McCombs previously served as Senior Director of Investments for Affinius Capital.

READ: Why IOS is here to stay. “IOS properties are essential for industries like logistics, construction, equipment rental, and transportation. These businesses need outdoor space to store materials, trucks, and heavy machinery, yet finding suitable zoned land is increasingly difficult.” — Andrew Skydell of Simi Capital Group

Click on each photo for more information.

3.22 AC | 8,620 SF Building + Wash Bay | 100% Leased | Fully-Fenced Yard | New Construction | Excellent Highway Accessibility

11.3 AC | Access to I-75 and I-16 | Zoned M-1 Wholesale & Light Industrial

5.49 AC | M1 Zoned Prime Industrial Property | Fenced Yard | Well and Septic | Approved Drainage Plan | Leased Through Feb. 2027 at $7,000/MO NNN

4.14 AC | 18,955 SF Total | 2 Service Buildings | Access to I-10 | Partially Paved, Partially Graveled | Freeway Industrial District

7.9 AC | 8,500 SF Block and Metal Building with 14’ Doors | (2) 3,200 SF Block Warehouses | 1,200 SF Office | Partially Stabilized and Lit | Orlando’s Largest IOS on the Market

1.81 AC | Close to Tucson Intl. Airport | Fully Paved, Fenced, and Lighted with 2 Entry Gates