IOS Daily - October 9 - Cooper-Horowitz arranges $100M IOS credit facility for Rampart

NEWS ROUNDUP

FINANCING: Cooper-Horowitz arranges $100M IOS credit facility for Rampart. Cooper-Horowitz has secured a $100M financing for Rampart Real Estate Partners’ Rampart IOS Fund II. Justin Horowitz, Ben Knopf, Josh Tropper, Jack Goodman, and Richard Horowitz led the Cooper-Horowitz deal team. The loan was provided by KeyBank, led by Jessica Lauerhass and Sam Wilson. The Rampart deal team included Ryan Gofus and William McAloon.

ACQUISITION: JLL brokers sale of 3.72 AC IOS in Denver to Sunbelt Rentals. JLL has facilitated the sale of 3975 York Street in Denver, Colorado, to Sunbelt Rentals. The property features a 21,683 SF building. The Sunbelt Rentals deal team included Dan Purdy and Mark Ball. They were represented by Mark Vanis, Jon Reno, Patrick Stark, Christopher Schultz, and James McGill with JLL. TJ Smith and Nick Rice with Colliers represented the seller.

ACQUISITION: IOV buys, leases out 3 AC IOS in Seattle metro area. Industrial Outdoor Ventures (IOV) has acquired 1550-1590 Thornton Avenue Southwest in Pacific, Washington. The property marks IOV’s 1st Seattle-area acquisition and includes a 7,818 SF maintenance and office facility. Following the acquisition, IOV undertook a series of improvements to the property and fully leased it to TruckMovers. Matt McLennan and Chris Trussel with Kidder Mathews represented IOV in both transactions. Andrew Kemmerer and Garett Hall with Burr & Temkin represented TruckMovers. The IOV deal team included Tom Barbera, Nick Firth, Eric Johnson, Brian Grady, Anthony DeLaurentis, Robert Chase, Mike Rotolo, Benjamin Avers, Tina Torossian, and David Laser.

DISPOSITION: Kenai Capital Advisors sells 1.74 AC ISF in Denver. Kenai Capital Advisors has facilitated the sale of 5050 North Ash Street in Denver, Colorado. The property features a 4,407 SF industrial service facility (ISF). Garrett Neustrom, Jules Sherwood, Canyon Law, and Charles Lippitt with Kenai represented the seller in the transaction.

ACQUISITION: Open Industrial buys 1.09 AC IOS in Winter Haven, FL. Open Industrial has acquired 2101 42nd Street Northwest in Winter Haven, Florida. The low-coverage property includes a 10,400 SF industrial building. Elmo Alexander and Chad Pitts led the Open Industrial deal team. Robbie Lober, Devin Beeler, and Connor Wallace with Lober Real Estate are currently marketing the property for lease.

LEASE SIGNED: Partners leases 3.67 AC IOS in San Antonio, TX. Partners has facilitated the leasing of 5725 Dietrich Road in San Antonio, Texas. The property features an 11,786 SF industrial building. Colten Courtney and Stan Nowak with Partners represented the landlord in the transaction.

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

11.57 AC | Massive IOS/Trucking Interchange Site | Directly Contiguous to I-85 Access via Exit 62 | Federal Qualified Opportunity Zone | Zoned LI but Contemplated Rezone to Heavy Industrial | Ideal for Industrial and Manufacturing Use | Opportunity for Expansion | 55 Minutes from Port of Charleston and 60 Minutes from Port of Savannah | Asking Price: $1,165,000

12.7 AC | Spec Development | New Construction | 3-Phase Power | Utilities Onsite | Secure | Pavement/Gravel | 7,700 SF Shop/Office Building with 1,200 SF Office, 3 Drive-thru Bays, (6) 16’×14’ Grade-Level Doors, and 18’ Clear Height | Industrial Research Zoning | 2.3 Miles from Spur 408, 1.9 Miles from Loop 12, and 2.2 Miles from I-20 | Asking Rent: $7,000-7,500/AC/Mo. NNN

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