IOS Daily - October 6 - NAI James E. Hanson sells 1.3 acre IOS in NYC area for $3.3M

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DISPOSITION: NAI James E. Hanson sells 1.3 acre IOS in NYC area for $3.3M. NAI James E. Hanson has facilitated the sale of 400-450 Swenson Drive in Kenilworth, New Jersey. The property features 3 buildings totaling 17,040 SF. Russell Verducci, Eric Demmers, and Colin Goldstein with NAI James E. Hanson represented the seller, Fairfield Products Corp., in the transaction.

ACQUISITION: Apricus Realty Capital buys 6.9 acre IOS in Houston, TX. Apricus Realty Capital has acquired 14333 Sommermeyer Street in Houston, Texas, in a sale-leaseback with CW Metal Products. The low-coverage property features 80,295 SF of improvements. J Matthew Haley, Garrett Marler, and Cort Martin led the Apricus deal team.

DISPOSITION: Matthews sells 1.8 acre IOS in Fort Myers, FL. Matthews has facilitated the sale-leaseback of 2765 Fowler Street in Fort Myers, Florida. The low-coverage property includes 23,682 SF of improvements. Michael Buonadonna and Harrison Auerbach with Matthews represented the seller in the transaction.

ACQUISITION: Alluvion Partners buys 1.13 acre IOS in Dallas-Fort Worth area. Alluvion Partners has acquired 1501 Mercury Circle in McKinney, Texas. The property features a 5,600 SF warehouse and is currently leased to SiteOne Landscape Supply. Dean Taylor led the Alluvion team in the off-market transaction.

LEASE SIGNED: Open Industrial leases out 4 acre IOS in Nashville metro area. Open Industrial has secured a lease for 4 acres of IOS at 175 Bill France Boulevard in Murfreesboro, Tennessee. The new tenant is Texas Eastern Transmission LP, an affiliate of Enbridge. The Open Industrial deal team included Jared Okun, Michael Hutton, and Joshua Gurland. McNeill Stout, Clancy Hoban, Kevin Irwin, and Robert Stout with Charles Hawkins Co. facilitated the lease transaction.

READ: Greyhound terminal foreclosure underscores rising competition for IOS-viable urban land.

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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

For Sale and Lease | 5.78 AC | 5,000 SF Standalone Shop and 23,000 SF Warehouse with 5,000 SF Office, 5,000 SF Showroom, 13,000 SF Shop, and Additional 1,200 SF Mezzanine | 3-Phase Power | Paved | 600’ of Highway Frontage | 2-Sided Billboard | 3 Drive-Through Bays | Great Access | Great Location

33.8 AC | Largest Immediately Available IOS Site in Central Florida | Zoned for IOS Use By-right; Additional 9.75 AC Available for Future Warehouse Development or Expanded IOS | Fully Fenced, Paved, and Lit | 6 Office and Industrial Buildings Totaling 46,003 SF | Immediate Access to US-27 and the FL Turnpike

Truck Parking for Lease | 1-23 AC | Paved, Lit, Fenced, and Gated | Power and Water Onsite | Includes Controlled Access and Security Monitoring | Close to I-10, I-12, I-110, US-61, and Baton Rouge Metropolitan Airport

9.14 AC | Paved, Fenced, and Lit | Fuel and Utilities Onside | 72,480 SF Building with 56,480 SF of Warehouse/Shop Space, 10 Grade-Level Drive-in Doors, 3 Dock-High Doors, and 16,000 SF of Office Space with Locker Rooms | Close to I-93, I-95, and Boston Logan Intl. Airport

4.27 AC | Renovation Starting Soon | Private, Fenced, and Secured Yard | ±25,840 SF Industrial Facility with 3 Grade-Level Doors | 2,000 Amps/480 Volts | Immediate Access to I-15 | Within Minutes of CA-52, I-8, CA-163, I-805, and I-5 | Close to Montgomery-Gibbs Executive Airport