IOS Daily - October 16 - Miramar buys 3.6 acre IOS in Miramar, CA for $14.6M

NEWS ROUNDUP

ACQUISITION: Miramar buys 3.6 acre IOS in Miramar, CA for $14.6M. Miramar Capital has acquired 7191 Carroll Road in Miramar, California. The low-coverage site includes a 6,300 SF cross-dock facility. Evan McDonald, Kurtis Blanchard, and Mark Lewkowitz with Colliers represented both Miramar and the seller, TFI Intl. The Miramar deal team was led by Peter Eichler.

ACQUISITION: Alterra buys 5.4 acre IOS in Charlotte, NC for $3.25M. Alterra Property Group has acquired 309 Morningside Road in Charlotte, North Carolina. The property includes a 10,000 SF industrial building and is currently leased to The Loving Group. Greg Gosselin and Justin Smith with Colliers represented Alterra in the deal. The seller was Miaco Properties.

ACQUISITION: Jadian buys 18.4 acre IOS in Salisbury, MA. Jadian IOS has acquired 70-74 Main Street in Salisbury, Massachusetts. The property features 26,700 SF of building space, including a 30-door terminal with a 4-bay maintenance shop and a service facility with 3 drive-in doors. The Jadian deal team included Alex Stahl, Kees t’Sas, Daniel Schuchinsky, and Matthew Hennessy.

LEASE SIGNED: LEVEL leases 1.04 acre IOS in Fort Lauderdale, FL. LEVEL Realty has facilitated the lease of 420 West McNab Road in Fort Lauderdale, Florida. The property features a 7,000 SF industrial building. LEVEL represented the tenant, Biggie Crane & Rigging Co., in the transaction. The aggregate lease value for the 10-year lease is $3.375 million. The LEVEL deal team was led by William Bonomo.

PEOPLE MOVES: Catalyst hires new accountant for IOS team. Catalyst Investment Partners has hired Sylwia Majewski to the team as an accountant. Sylwia will focus 100% on IOS investments.

READ: Centerbridge and M7 launch European IOS JV. The $277 million JV will target IOS in Continental Europe.

FROM OUR PARTNERS

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8.73 AC | 47,058 SF Building With 2,082 SF Office and 2,000 SF Open 3-Wall Storage | For Sale and Lease | 3.5-5 AC to Be Cleared, Graded, and Built to Suit

1.47 AC | 1,600 SF Office | Block Wall Around the Perimeter | 3 Miles From San Bernardino Intermodel Yard

1.05 AC on 2 Parcels | Electric and Water to Site | Corner Lot | Zoned Urban Corridor

12 AC | 107,890 SF Warehouse + IOS | 3 PH Power, 2,500 AMPS | 24’ Clear | 2 DH and 2 GL Doors | Asphalt/Concrete Surface | Close to Port of Panama City & Airport

1.76 AC | 6,000 SF Building | 2 Drive-in Doors | 20’ Ceiling Height | 0.65 Acres Fenced and Secured​ | 3-Phase Power With 400 Amp Service