IOS Daily - September 22 - JPMorgan affiliate buys 8 acre IOS in South Jersey for $10.4M

Good morning. This is IOS List, and we keep it simple.

Now, let’s get to it.

NEWS ROUNDUP

ACQUISITION: JPMorgan affiliate buys 8 acre IOS in South Jersey for $10.4M. J.P. Morgan Asset Management has acquired 835 Watsontown Road in Berlin, New York. The property was acquired in a sale-leaseback deal with First Student Inc. The firm’s parent company, JPMorgan Chase & Co., has been involved in several large IOS deals, including the sale of a $490M portfolio with joint venture partner Alterra IOS. The J.P. Morgan Asset Management investment team is led by George Gatch and John Donohue.

DEVELOPMENT: Zenith develops and leases Minneapolis, MN IOS. Zenith IOS has developed an 11 acre IOS facility at 3018 Pacific Street North in Minneapolis, Minnesota. The company acquired the property, which had been formerly occupied by Northern Metal Recycling, in 2022. Now, Kemps, a national dairy company, has signed a 15-year lease for more than 8 acres at the property. The Zenith deal team included Alex Guider. Sam Manke with CBRE is currently marketing the remaining acreage for sale or lease.

ACQUISITION: Alluvion Partners buys 2.37 acre IOS in Chattanooga, TN metro. Alluvion Partners has acquired 95 Hunt Drive in Rossville, Georgia, a suburb of Chattanooga, Tennessee. The low-coverage property includes a 17,000 SF clear-span warehouse. Dean Taylor led the Alluvion partners deal team. Griffin Farriss, Bradley Worthington, and Matt Garvey with Stream Realty Partners are currently marketing the property for lease.

ACQUISITION: CanTex Capital buys 2.65 acre infill property in Dallas. CanTex Capital has acquired 8000 Sovereign Row in Dallas, Texas. The low-coverage property includes a 42,127 SF industrial building plus a fenced storage lot. Chase Miller with NAI Robert Lynn facilitated the transaction.

LEASE SIGNED: Panther Capital leases 4 acre IOS in Lakeland, FL. Panther Capital Group has facilitated the leasing of 5320 North Combee Road in Lakeland, Florida. The property feature immediate access to the I-4 corridor. Hector Delgado with Panther Capital Group and Tim Hurless with The Avocat Group represented the landlord in the transaction.

READ: Electric truck charging hubs emerge as next frontier for commercial real estate investment.

FROM OUR PARTNERS

South Side Success Story

The EnRoads team recently completed a multi-phase, multi-acre IOS site on the South Side of Chicago — a project that required precision, planning, and a commitment to higher standards.

Key highlights:

• Density testing throughout the process to ensure structural integrity

• Utilization of a special 3% void asphalt mix, delivering a higher-quality, longer-lasting pavement solution

• Seamless execution across multiple phases of construction, keeping the site operational while upgrading the surface

At EnRoads Paving, we’re proud to bring advanced paving solutions to complex projects — delivering not just asphalt, but longevity and reliability for our clients.

Click on each photo for more information.

3.57 AC | Fully Operational, Secured, and Fenced | Secured 24/7 Access | LED Perimeter Lighting | 7 Surveillance Cameras with Smartphone Access and Infrared Tag Readers | Month-to-Month Leases | Strategically Located Near I-295, I-95, I-10, US-90, and Jaxport

10+ AC | ±30,000 SF Warehouse with Oversized Drive-in Doors | Multiple Industrial Tenants | Heavy Industrial Zoning | Close to I-95, Baltimore Port, and Major Interstates

5.59 AC | Paved and Fenced | 6 Buildings Totaling 101,250 SF with Grade-Level and Dock-High Doors, Varied Clear Heights, and Robust Electrical Systems | 44% Occupancy | Near CA-99 and Turner Road, with Direct Access to Sacramento, Stockton, and the Bay Area | Bidding Opens 10/14/25 and Ends 10/16/25

2.76 AC | 4,906 SF Building with 5 Drive-in Doors | 50+ Dedicated Truck Parking Spots | Ideal for Fleet Storage, Repair, and Logistics | Close to I-57

5 AC | 7,000 Volt Electric Fence and Gates | 15,000 SF Trucking Home Terminal for Sublease | 3,000 SF Warehouse with 16’ Drive-in Door and 1 Dock | 12,000 SF Office Space | (4) 300’ Trailer Pads | Seamless Access to I-26,I-77, and I-20

9.5 AC | ±140 Trailer Stalls (Expandable to 265) | Fully Fenced, Paved, and Lit | Drive-Around Capability | Designated Area for Guard Shack with Electrical Hookups | Direct Access to I-5 | Close to I-580, CA-99, UP Intermodal Facility | BNSF Intermodal Facility