IOS Daily - October 22 - Corepoint brokers sale of 3 acre IOS in Atlanta area for $4.8M

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NEWS ROUNDUP

ACQUISITION: Corepoint brokers sale of 3 acre IOS in Atlanta area for $4.8M. Corepoint Real Estate has facilitated the sale of 645-647 Red Oak Road in Stockbridge, Georgia. The property features several multi-tenant industrial buildings totaling 57,000 SF. Marc Smouha with Corepoint represented the buyer, Stoic Equity Partners, in the transaction. Jeremy Friedman and Grant Reaves led the Stoic deal team.

ACQUISITION: Crosswest Capital buys 4.88 acre IOS in Chicago for $4.95M. Crosswest Capital has acquired 5504 West 47th Street in Forest View, Illinois. The low-coverage property includes a 42,500 SF freight terminal. Derek Fish and Ben Andreycak led the Crosswest Capital deal team. John Basile, Alex Sutterer, and Packy Doyle with NAI Hiffman facilitated the transaction.

DISPOSITION: Colliers sells 13.89 acre Inland Empire IOS to Alterra. Colliers has facilitated the sale of 1595-1600 Columbia Avenue in Riverside, California, to Alterra IOS. The property includes 13 structures totaling 54,583 SF and offers dual BNSF and Union Pacific rail service. Parker Pearson led the Alterra deal team. Michael Kendall, Gian Bruno, Kenny Patricia, and Kylie Jones with Colliers represented both Alterra and the seller, Greenlaw Partners, in the transaction. Mark Zorn and Cory Whitman, also with Colliers, secured a tenant for the site.

FINANCING: Cooper Horowitz arranges $2.6M loan for 3.4 acre IOS. Cooper Horowitz has sourced a $2.6M loan for 7269 Cross Park Drive in North Charleston, South Carolina. The property features 2 industrial buildings totaling 22,800 SF and has been acquired by a joint venture between K2 Real Estate Capital and Bear Development. The Cooper Horowitz team included Justin Horowitz, Richard Horowitz, Ben Knopf, and Joshua Tropper. Mitchell Kaplain and Robert Kaplain led the K2 deal team.

TRUCK PARKING: Truck Parking Club passes 3,000 location milestone. Truck Parking Club now boasts more than 3,000 Property Member locations, representing 51,000 parking spaces across 49 spaces. In just 4 months, the platform grew from 2,000 to 3,000 locations. The rapid expansion is critical to the company’s goal: to help truck drivers find secure, safe parking in 10 minutes. Evan Shelley leads the Truck Parking Club team.

READ: Alterra IOS executed 30 new leases and renewals during Q2 and Q3.

FROM OUR PARTNERS

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For Sale and Lease | 1.3 AC | Fully Fenced, Graveled, and Lit | Fully Renovated ±800 SF Office Building with New HVAC System | 2 Large Storage Sheds ideal for Covered Material Storage | Close to I-40, I-540, I-85 and Raleigh-Durham Intl. Airport | TCC Zoning Allows for Wide Range of Uses

For Sale and Lease | 6 AC | Fully Stabilized | Capital Improvements Just Completed | New Crushed Concrete Stabilization | Fully Fenced and Gated | New LED Security Lighting | Low Operating Expenses

7.5 AC | Alameda Road Frontage | Existing Structures on Site | Well and Septic | Industrial Zoned (Maricopa Co.) | Close Proximity to Deer Valley Airport, TSMC, I-10, and AZ-101

Central FL’s Largest IOS Facility | Up to 30 AC Available | Divisible to 5 AC or More | 2,400 SF Maintenance Shop | 3,200 SF Office | 5,000 SF Shop/Office | Existing and Active Concrete Batch Plant | Rail Served | Fully Stabilized | Utilities On-site | Fully Lit | Close to I-4, Sanford, and Orlando

3-36 AC Available | ±21 AC Fully Improved Yard | Fenced and Secure | LED Perimeter Lighting | Can Accommodate ±873 Trailer Stalls | 8” Aggregate Ground Cover | Existing Conditional Use Permit Allows for Auto Storage, Auto Dismantling, and Auto Recycling | Zoning Allows for Outdoor Storage Uses Including Equipment and Materials Storage, Trailer Parking, Contractor Yard, Wholesale, and Heavy Manufacturing | Close to CA-125, CA-905, CA-11, I-805, and I-5

4.5 AC | 16,198 SF Cross-Dock Terminal with 45 Truck Doors and 1 Ramp | 2,000 SF Office Space | Easy Access to US-27 | Close to FL Turnpike, Miami Intl. Airport, and PortMiami | Light Manufacturing Zoning