IOS Daily - October 15 - CanTex Capital sells 44 acre IOS portfolio in DFW Metroplex

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NEWS ROUNDUP

DISPOSITION: CanTex Capital sells 44 acre IOS portfolio in DFW Metroplex. CanTex Capital has sold an 8 building, 44 acre IOS portfolio to Stockbridge Capital Group. The portfolio includes properties in the Brookhollow/Trinity, Garland, Great Southwest, and Central and East Fort Worth submarkets. Eastdil Secured advised CanTex on the transaction. Romy Cheema and Sam Cheema lead the CanTex team.

DISPOSITION: Partners sells 44.6 acre IOS in Houston metro area. Partners Real Estate has facilitated the sale of 29315 Highway Boulevard in Katy, Texas. The property features a 50,532 SF industrial building. The buyer was Timber Hill Group. Hunter Stockard and Wyatt Huff with Partners represented the seller, BioUrja, in the transaction.

ACQUISITION: Alterra IOS buys property with IOS in Fort Myers, FL. Alterra IOS has acquired 3769-3777 Ironbridge Boulevard in Fort Myers, Florida. The low-coverage property features 19,600 SF of building improvements on 1.8 usable acres. Chris White led the Alterra IOS deal team. Alessandra Bianchi with ONE Commercial Real Estate facilitated the transaction.

LEASE SIGNED: Bridge Commercial leases 4.02 acre IOS in Charleston area. Bridge Commercial has facilitated the leasing of 2830 Rivers Avenue in North Charleston, South Carolina. The property includes a 9,850 SF industrial building. Alex Shields with Bridge Commercial represented the landlord, Alterra IOS, in the transaction.

FUNDING: BEB originates $5.75M acquisition loan for 3.77 acre IOS in SLC. BEB Credit Opportunity Fund I LP has originated a loan for the acquisition of 1876 Fortune Road in Salt Lake City, Utah. The property features 2 warehouse buildings totaling 31,460 SF. The financing will support both the acquisition and planned capital improvements. Sean Silverbrook led the BEB deal team.

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.

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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

2.19 AC | 8,000 SF Modern Drive-Thru Maintenance Building | Fenced, Lit, and Paved Lot | Fully Leased to Long-Term Tenant | Located in East Baltimore Industrial Market | Close to I-95, I-895, Dundalk Marine Port, and Downtown Baltimore | Located in Enterprise, Hub, and Opportunity Zones

8.4 AC | Class A 45,000 SF Warehouse with 8,688 SF Office Space | 24’ Clear Height | 9 Dock-High Doors | 5 Drive-in Doors | 6 Van Doors | Forklift Ramp | 184’ Shared Truck Court | 367 Parking Spaces, Including 169 Standard Stalls, 18 Compact Stalls, and 180 Dedicated Van Stalls | 1.5 Miles from I-40

9.1 AC | Partially Paved with Millings | Dolly Pads | Power On-Site | Close to NJ Turnpike, I-95, I-78, Port Newark, Port Bayonne, and Newark Liberty Intl. Airport

2 Sites in Greensboro, NC for Lease or Sale | 5.50 AC and 5.25 AC | Can Subdivide as Small as 1 AC | Highway Visibility with 91,500+ VPD | Easy Access to I-40

3 AC Available | Fenced with Electric Gates | Fully Paved and Lit | Professionally Managed | Close to I-80, UP Global IV, and BNSF Elwood