IOS Daily - September 28 - Timber Hill Group buys 16 AC asset IOS in Kansas City, MO

NEWS ROUNDUP 

ACQUISITION: Timber Hill Group buys 16 AC asset IOS in Kansas City, MO. Timber Hill Group has acquired 2109 Manchester Trafficway in Kansas City, Missouri. The 16 AC property features roughly 41,000 SF of industrial improvements and 13 AC of stabilized IOS yard. Timber Hill plans to develop a 10,000 SF maintenance facility on 5 AC of IOS. Timber Hill Group is led by CEO and Founder Cary Goldman.

ACQUISITION: Alluvion Partners buys 3.84 AC IOS in Houston. Alluvion Partners has acquired a 3.84 AC IOS property in the west Houston/Katy area of Texas. The property includes a 3,707 SF industrial building and is currently 100% leased to Juniper. Dean Taylor led the Alluvion Partners deal team. Jared Gillespie with Titan Commercial sourced the opportunity.

DISPOSITION: Lee & Associates sells 3.32 AC IOS in Los Angeles metro area. Lee & Associates has facilitated the sale of 2649 Stingle Avenue in Rosemead, California. The low-coverage property includes a 9,032 SF office building with warehouse space. The buyer was San Gabriel Valley Water Co. Charlie Winn, Tim Cronin, and Jakob Arellano with Lee & Associates represented the seller, Irish Construction, in the transaction.

ACQUISITION: Llano Realty Partners brokers sale of 1.72 AC IOS in Austin metro area. Llano Realty Partners has facilitated the sale of 170 Baker Lane in Leander, Texas. The property features a 5,600 SF industrial building. Carson Byrd with Llano Realty Partners represented the buyer in the off-market transaction.

LEASE SIGNED: Matthews leases 9.74 AC truck terminal in Jacksonville, FL. Matthews has facilitated an 8-year NNN lease renewal worth $2.54M for 17339 Brandy Branch Road in Jacksonville, Florida. The property features 14,030 SF of industrial improvements. The tenant was Custom Ecology Inc. Mike Salik with Matthews represented the landlord, Regis Berkeley, in the transaction.

LEASE SIGNED: MacKenzie Cos. leases 4.14 AC IOS in Baltimore-DC metro area. MacKenzie Companies has facilitated the leasing of 13400 Baltimore Avenue in Laurel, Maryland. The property features 29,000 SF of industrial buildings. Oliver Fryer, Philip Gould, and Bryan Herr with MacKenzie Cos. represented the landlord in the transaction.

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49.8 AC (Subdividable) | Special Purpose Zoning (Effectively a Blank Slate) | Adjacent to I-95 Corridor | Easy Access to Major Transportation Routes | ±60 Minutes to Port of Charleston | Existing Paved Road in Circumference of Entire Property | ASKING PRICE: $12,000,000

15.87 AC | Paved, Graveled, Lit, Fenced, and Gated | 67,222 SF Across 6 Buildings | 3-Phase Power | Utilities Onsite | 100% Occupancy (Current Occupant Vacating at Year-End | 1 Parking Space per 1,000 SF | Flexible I-2 and I-3 Industrial Zoning | Adjacent to I-76 and Near I-70 and I-25 Interchange | Billboard Income

77.1 AC | ±52 AC of Developable Industrial Land | Located Just 6 Miles from DFW Intl. Airport | Close Proximity and Convenient Access to Several Major Highways Including TX-360, TX-183, TX-161, and TX-121 | Zoned PD 223 with Light Industrial Base Zoning

FOR SUBLEASE: 12.81 AC | 39,376 SF Cross-Dock Distribution Facility | 300+ Trailer Parking Spaces | Separate Car Parking Area | Outstanding Regional Access Through Proximity to I-95, I-280, and the Pulaski Skyway | Close to Port Newark, Major Terminals, and Newark Liberty Intl. Airport | Onsite EV Charging Stations | LED Lighting | Potentially Subdividable

1.04 AC | 100% Stabilized Concrete Yard | New Cement Drive-in Built with an 80,000lb Truck Load Capacity | Fully Fenced with an Electric Gate | 2 Drive-through Access Points into Site | Metal Canopy with Power Connections | Utilities Available | New LED Lights Surrounding the Property | Security Tower at Front Entrance | Built for Trucking, Trailer Parking, and Equipment Staging

2.7 AC | Fenced | Unzoned, County | 198’ Frontage on Theodore Dawes Road | Less Than 1 Mile to I-10 | Close to US-90, I-65, Aeroplex at Brookley, Port of Mobile, and Mississippi State Line | Convenient, Easy Access | LEASE RATE: $9,000/Mo.