IOS Daily - November 9 - Terreno Realty Corp. buys 6.1 AC IOS in DC metro for $23.1M

NEWS ROUNDUP 

ACQUISITION: Terreno Realty Corp. buys 6.1 AC IOS in Washington, DC, metro for $23.1M. Terreno Realty Corp. has acquired 5000 Tuxedo Road in Hyattsville, Maryland. The site features a 36,000 SF industrial building and is located adjacent to the company’s existing property at 5380 Tuxedo Road. Blake Baird, Mike Coke, Jaime Cannon, and John Meyer lead the Terreno Realty Corp. team.

DISPOSITION: JLL sells 18.89 AC IOS and manufacturing portfolio in Houston metro. JLL has facilitated the sale of a portfolio of 9 industrial buildings totaling 167,291 SF on roughly 18.89 AC. The buyer was Sago Capital. Lance Young, Trent Agnew, Charlie Strauss, Dawson Hastings, Wally Reid, and James Lovell with JLL represented the seller, Welcome Group. The properties in the portfolio are:

• 5048 Timber Creek Drive in Houston — 20,400 SF on 2.8 AC

• 11245 Highway 225 in La Porte — 20,510 SF on 2.6 AC

• 8559 East North Belt in Humble — 14,585 SF on 2.12 AC

• 4660 Brittmoore Road in Houston — 19,035 SF on 2.09 AC

• 1434 Sens Road in La Porte — 21,384 SF on 2.04 AC

• 325 Spring Hill Drive in Spring — 14,852 SF on 1.54 AC

• 14149 Interdrive West in Houston — 17,275 SF on 1 AC

• 11355 Highway 225 La Porte — 14,250 SF on 2.4 AC

• 11711 Fuqua Street in Houston — 25,000 SF on 2.3 AC

ACQUISITION: Open Industrial buys 5 AC IOS in Richmond, VA, metro area. Open Industrial has acquired 1821 Old Bermuda Hundred Road in Chester, Virginia. The property features a 5,437 SF industrial building. Elmo Alexander, Matt Potolicchio, and Chad Pitts led the Open Industrial deal team. Ben Bruni and Colton Konvicka with Commonwealth Commercial are currently marketing the property for lease.

DISPOSITION: KW Commercial sells 4.95 AC IOS in El Paso, TX. KW Commercial has facilitated the sale of 9565 Plaza Circle in El Paso, Texas. The property features a 34,261 SF warehouse. Angel Cazares led the KW Commercial deal team in the transaction.

DISPOSITION: Binswanger sells 3.13 AC IOS in Bethlehem, PA. Binswanger has facilitated the sale of 330 Stoke Park Road in Bethlehem, Pennsylvania. The property features a 20,682 SF industrial building. Chris Pennington and Timothy Pennington with Binswanger represented the seller in the transaction.

LEASE SIGNED: Voit RE Services leases 4.2 AC IOS in CA’s Inland Empire. Voit Real Estate Services has facilitated the leasing of 2042 South Grove Avenue in Ontario, California. The property includes a 24,147 SF industrial building. Kevin Fults with Voit represented the tenant in the transaction.

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.

29.76 AC | Located in Opportunity Zone | PAD with Industrial Overlay | Power: APS | Water and Sewer: City of Surprise | Located in Heart of Loop 303 Industrial Corridor | 2.5 Miles from Loop 303 with Full Diamond Interchange at Loop 303 and Peoria Avenue | 2.5 Miles from Northern Parkway

45.3 AC Site with 58,090 SF of Warehouse and Vehicle Maintenance Space | Ability for Big-Box, Small Bay, and Low-Coverage IOS Redevelopment | Immediate Access to Major Highways | 1 Hour to NJ/NY Ports

3.58 AC | 3 Independent Industrial Buildings Totaling 23,366 SF (Includes 1,750 SF of Finished Office Space) | Open Clear-Span Shop Areas | Gas Heat and Compressed-Air Drops | Up to 25’ Center Heights | Mezzanine and Covered Storage | Direct Access to US-72, Slaughter Road, and I-565

2.79 AC | Paved, Lit, and Secured Yard | 8,113 SF (3,200 SF Shop and 4,913 SF Office) | Shop Has 6 Grade-Level Doors and 16’ Clear Height | Office Building Has 7 Private Offices, 2 Estimator Rooms, Conference Room, and Reception Area | 44 Parking Spaces | Existing Concrete Pad Set for Future Above-Ground Fuel Tank | Proximate to Loop 101, I-17, and US-60

3.98 AC | Paved and Graveled | Lit | 24,000 SF Warehouse with New Spec Office and New LED Lighting and 10 Drive-in Doors | Direct Access to Route 9, Route 35, and Garden State Parkway

4.17 AC | Graveled and Fenced | 20’ Secured Electric Gate with Key Pad | Power and Water Onsite | Close to I-85 and I-26 | Asking Rent: $9,700/Month NNN