IOS Daily - November 24 - DHPH buys 108.33 acre site with IOS in Philly area for $21M

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NEWS ROUNDUP

ACQUISITION: DHPH buys 108.33 acre site with IOS in Philly area for $21M. DH Property Holdings (DHPH) has acquired 22 and 84 Flood Gate Road in Logan Township, New Jersey. The property features 2 buildings totaling 126,500 SF, along with 28.4 improved, dedicated acres for IOS. Dov Hertz led the DHPH deal team. Scott Mertz with NAI Mertz represented DHPH in the transaction.

ACQUISITION: IG Logistics buys 10 acre IOS in Philly area for $7M. Imperium Capital’s industrial platform, IG Logistics, in partnership with Meadow Partners, has acquired 1528 Bristol Pike in Bensalem, Pennsylvania. The property features an 18,500 SF industrial service facility and is currently leased to Indian River Transport. Daniel Glaser and Thomas Mammolito led the IG Logistics deal team.

ACQUISITION: Alterra IOS buys 7.8 acre IOS in Minneapolis. Alterra IOS has acquired 1700 North 47th Avenue in Minneapolis, Minnesota. The property features 18,000 SF of industrial buildings. Dan Larew, Jack Nei, and Eric Batiza with JLL facilitated the transaction. Parker Pearson led the Alterra deal team.

LEASED SIGNED: DAUM leases 4.81 acre IOS in Phoenix. DAUM Commercial Real Estate Services has facilitated a 7-year lease with a national construction group for 2041 West Adobe Drive in Phoenix, Arizona. The property features 18,900 SF of warehouse and office space. Chris Rogers, Trevor McKendry, Nick Reinhardt, Nick Fajardo, and Beau Citron with DAUM represented the owner, Jadian IOS, in the transaction.

LEASE SIGNED: Lober Real Estate leases 2.4 acre IOS in Clearwater, FL. Lober Real Estate (LRE) has facilitated the leasing of 12895 Automobile Boulevard in Clearwater, Florida. The property includes a 5,900 SF industrial building. Jason McCormick with LRE represented the tenant in the transaction, while Robbie Lober and Devin Beeler — also with LRE — represented the landlord.

LEASE SIGNED: Weber Rector leases 3 acre IOS in Northern Virginia. Weber Rector Commercial Real Estate Services has facilitated the leasing of 7326 Old Compton Road in Manassas, Virginia. Chuck Rector with Weber Rector represented the landlord in the transaction.

FROM OUR PARTNERS

FOR SALE - Infill Denver IOS (I-70 Submarket) | 5.71 AC | 2 Single-Tenant Properties Totaling 53,482 SF | Combined 2.76 Years of WALT | Fully Fenced and Gated | Close to I-70, I-25, and I-270

10+ AC | ±30,000 SF Warehouse with Oversized Drive-in Doors | Multiple Industrial Tenants | Heavy Industrial Zoning | Close to I-95, Baltimore Port, and Major Interstates

For Sale and Lease | 1.71 AC | Paved, Well-Secured, and Lit | Motorized Entry Gate | 3-Phase Power | Utilities to Site | Close to I-880, OAK Airport, and Port of Oakland

17.26 AC (Divisible — 3 Total Lots) | Fenced, Graveled, and Lit Yard | 808 Trailer Stalls | Located on Centerpoint Intermodal Campus | Close to Logistics Park Chicago and Joliet Intermodal Terminal | Proximity to Full Interchanges at I-55/Arsenal Road, I-80/I-55, I-80/Houbolt Road, and I-80/IL-53

Industrial Space with Trailer Parking for Lease | 35,700-80,162 SF Available | 38 Trailer Parking Spaces | Paved | Utilities Onsite | Warehouse with 4,043 SF Office, 16 Dock-High Doors, 3 Ramps, LED Motion Sensor Lights, ESFR, 1600 Amps, 209’ Depth, and 32’ Ceiling Heights | Close to I-95 and Florida Turnpike

1.87 AC | Graveled, Fenced, Lit, and Secured | 4,500 SF Warehouse with Office Space and 3 Drive-in Doors | Less Than 1 Mile to NJ Turnpike and I-287 | Direct Access to US-1, Outerbridge Crossing, Newark Liberty Airport, and Port of Newark