IOS Daily - November 25 - Prologis buys 4.84 IOS in the Bay Area

NEWS ROUNDUP

ACQUISITION: Prologis buys 4.84 acre IOS in the San Francisco Bay Area. Prologis has acquired 24701 Clawiter Road in Hayward, California. The property features 2 separate 10,000 SF shop buildings and immediate access to I-880. The Prologis deal team included Nick Fafoutis, Alireza Harandi, and Janet Galvez. Nick Ousman, Greig Lagomarsino, and Chris Stauber with Colliers represented both Prologis and the seller in the transaction.

DISPOSITION: advisoRE sells low-coverage site in DC area for $3.29M. advisoRE has brokered the sale of 4601 Lydell Road in Cheverly, Maryland, a suburb of Washington, DC. The property features a 12,293 SF flex building on 2.13 acres with yard space. The advisoRE deal team included Alexander Alperstein and Clark Turner.

ACQUISITION: Kidder Mathews closes sale of low-coverage site in Tacoma, WA. Matt McLennan with Kidder Mathews represented the buyer in the sale of 1106 Center Street in Tacoma, Washington. The 0.48 acre property includes a 6,232 SF industrial building.

LEASE SIGNED: Formation leases 1.4 acre IOS in Fort Worth, TX. Formation Real Estate has facilitated the lease of 5012 Mosson Road in Fort Worth, Texas. The property features a 9,455 SF warehouse/office building. The Formation team of Robert Sawyer and Grace Ruby represented the landlord in the deal.

FINANCING: Albany Road secures financing for 4 acre IOS in Nashville area. Albany Road Real Estate Partners has secured debt financing for 41 Fant Industrial Drive in Madison, Tennessee, a Nashville suburb. The property is 100% leased to Pioneer Coach. Wintrust Financial Corp. provided the financing, while Patterson Real Estate Advisory Group assisted with the capital raise. The Albany Road deal team was led by Scott Cloud.

READ: Covenant Logistics CEO expects trucking market to expand in 2025.

FROM OUR PARTNERS

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10.98 Total AC | 8.37 Usable Acres (All Concrete) | 20,250 SF Warehouse | 6,000 SF Office | 15,900 SF Covered Outdoor Storage | Currently Leased at Below Market Rent | 3-Phase Power

20 AC | For Sale or Lease | Combination of Paved and Graveled Surface | Well-Lit and Fenced | Power and Water Utilities

3.98 AC | 1,500 SF Office | Fully Paved | Lit, Fenced, and Gated

2.25-4.5 AC | Fully Paved | Multiple Points of Ingress and Egress | Negotiable Lease Terms

2 AC | Close Proximity to I-540, US-1, and US-401 | Zoned for Industrial Mixed Use

25.29 AC | 13,125 SF | 301 Trailer Parking Stalls | 44 Car Parking Spaces | 24’ Clear Height | Fully Sprinklered