IOS Daily - September 9 - Alterra buys 12 acre IOS in Dracut, MA for $12M

NEWS ROUNDUP

DISPOSITION: Alterra buys 12 acre IOS in Dracut, MA for $12M. Alterra Property Group has bought 49 McGrath Road in Dracut, Massachusetts. The property features a 60-door 27,380 SF cross-dock trucking terminal, along with a 5,750 SF repair garage. Matty Drouillard and James Stubblebine with Stubblebine Co. brokered the transaction.

DISPOSITION: Lober sells 3.41 acre IOS in Lakeland, FL for $2M. Lober RE has sold 6300 New Tampa Highway in Lakeland, Florida. The property features a 2,048 SF industrial facility and sold in under 30 days. The Lober deal team included Robbie Lober and Devin Beeler.

ACQUISITION: Catalyst buys 2 acre IOS in Tampa, FL. Catalyst Investment Partners has acquired 12990 34th Street North in Tampa, Florida. The property features a 10,500 SF service facility that is 100% leased. The Catalyst deal team was led by Noah Goldstein and Nell Hurley.

FINANCING: PSRS arranges $25M in acquisition financing for LA IOS. The PSRS deal team of Kostas Kavayiotidis and Matt Farzinpour has arranged the financing for the acquisition of 2 IOS properties in Los Angeles metro. The properties are located off the Pacific Coast Highway in Wilmington and comprise 2.8 and 4.2 acres, respectively.

LEASE SIGNED: BRC leases 1.42 acre IOS in Newark, NJ. The Advanced Industrial Group of Bussel Realty Corp. (BRC) has leased 1-23 Tompkins Point Road in Newark, New Jersey. The BRC team of Matthew Phillips and Anthony Rittwager represented the new tenant, Container World Corp. Cushman & Wakefield represented the landlord, Axis IOS.

READ: Knight-Swift to open 38 new LTL service centers in 2024.

IOS PROPERTIES NEEDED IN NYC

9.18 AC | For Sale or Lease | Approved for 140,000 SF Cold Storage Warehouse | Rts 168, 30, 130 and I-76, I-676, I-295

9.7 AC | For Sale or Lease | Immediate Access to I-95 | City Water and Sewer

15.16 AC | 66,500 SF | For Sale or Lease | Immediate Access to Highway 90 and I-10

4.7 AC | 44,981 SF and 4,946 SF Office | 7 LD, 1 DI, 22 Platforms | 18’ Ceiling Height | NJ Turnpike, Rt 1-9, Goethals Bridge

3.4 AC | 8,000 SF Maintenance Facility | 8 DI Doors | Rt. 35, NJ Turnpike Exit 10, Port Newark/Elizabeth | Fenced, Secured Lot

1 AC | 2,000 SF, 3-Bay Garage | I-75, ATL Airport, Moreland Avenue | Concrete Paved, Fenced, Utilities Available