In today’s email:
Transactions: Deals in TX, TN, and more. Leases signed in IL, CA, TX.
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CLOSED TRANSACTIONS
Acquisitions / Dispositions / Financings

DISPOSITION: TriStar Properties LLC acquired a ±28,780-square-foot industrial manufacturing facility with industrial outdoor storage at 6741 Satsuma Drive in Houston, TX, from Inwood Holdings LLC. The property is situated on ±3.10 acres in Northwest Houston and includes ±1.50 acres of proposed industrial outdoor storage. Brandon Wuntch and Jake Echols of Moody Rambin represented the seller in the transaction. Doc Perrier, Matt Venezia, and Benjamin Aceituj of Matthews Real Estate Investment Services represented the buyer.

DISPOSITION: A ±28,884-square-foot industrial facility on ±3.76 acres at 411 Industrial Dr in White House, TN, has been sold. The property features a ±21,184-square-foot warehouse, ±7,040 square feet of office space, 24-foot clear heights, dock-high doors, oversized drive-in doors, and approximately 0.75 acres of outdoor storage. It is located near Interstate 65 via State Route 76. Michael Oliveira of Compass and The Real Equity Group facilitated the transaction. Michael Oliveira of Compass and The Real Equity Group facilitated the transaction.

ACQUISITION: Steel Peak Properties acquired a portfolio of two industrial outdoor storage properties totaling 5.04 acres in Peoria and Phoenix, AZ, for $7.1 million. The acquisition includes a property at 8079 W. Olive Ave. in Peoria purchased for $4.15 million and a property at 2435 W. Broadway Road in Phoenix purchased for $2.95 million, totaling 14,699 square feet across both sites.

ACQUISITION: Open Industrial acquired a 5.0-acre industrial outdoor storage property at 1821 Old Bermuda Hundred Rd in Chester, VA. The 3.0 usable acre site is improved with a 5,437-square-foot industrial building featuring three roll-up doors, office space, and a conference room. The laydown yard is fenced and graveled with two covered canopies, located less than three minutes from I-95. Ben Bruni and Colton Konvicka of Commonwealth Commercial handled leasing inquiries.

DISPOSITION: An industrial outdoor storage property at 3131–3145 Porter Street in Soquel, CA, sold for $1,975,000. Matthew McCaffrey of Marcus & Millichap facilitated the transaction.

ACQUISITION: CoreOne Industrial acquired a 4.82-acre truck terminal and industrial outdoor storage property at 7020 Quad Avenue in Baltimore, MD, from Old Dominion. Located in the Pulaski/Rosedale industrial corridor, the site features a 15,650-square-foot cross-dock terminal with 38 dock doors and one drive-in door, a separate 1,284-square-foot service facility, and outdoor space for truck and trailer parking. Acquisition financing was provided by Provident Bank. Brian Siegel of Colliers represented the buyer, while Eric McFarlin and Parker Dotson of Burr & Temkin represented the seller in the transaction.

DISPOSITION: A single-tenant industrial outdoor storage property in Lawrenceville, GA, was sold to an all-cash buyer at 98% of list price. The marketing process generated nearly a dozen offers. The buyer plans to make additional improvements to the yard to enhance its outdoor storage functionality. Harrison Auerbach and Thomas Wilkinson of Matthews Real Estate Investment Services facilitated the transaction.

ACQUISITION: Bespoke Holdings Company, in partnership with ASI Partners, acquired a fully leased industrial property at 2731 S. Saturn Way in Boise, ID. The 1.64-acre site features a ±10,500-square-foot industrial building with 22-foot clear heights and approximately 0.87 acres of secured outdoor storage. Located six minutes from Interstate 84, the facility is fully leased to Pye-Barker Fire & Safety. The acquisition marks the sixth under the Bespoke Industrial Evergreen Income Fund, LP.
CLOSED LEASES
Leased

LEASED: OmniTRAX signed multiple new lease agreements at a 90-acre industrial outdoor storage hub bordering 119th and Division Streets in Blue Island, IL. The multi-modal logistics hub is located within The City of Blue Island Commercial Center and offers access to all Class I railroads via the Chicago Rail Link.

LEASED: Duthie Electric Service leased a 7,680-square-foot industrial facility with outdoor storage at 1916 Commercial St in Escondido, CA. The property includes an outdoor storage yard suited for equipment storage. Daniel Knoke, Peter Merz, and Jake Knoke of Lee & Associates represented the tenant in the transaction.

LEASED: A 6,942-square-foot industrial outdoor storage property on ±1.32 acres at 2820 Simpson Lane in Carrollton, TX, was leased. The property includes a 6,942-square-foot building and a functional storage yard. Rich Young Jr, Trevor Hunt, and Brad Werner of Rich Young Company, LLC facilitated the transaction.

LEASED: An industrial outdoor storage yard at 494 S 4th St in Banning, CA, was leased. The property includes approximately 2.5 acres of fully fenced yard, a 2,500-square-foot office, a 1,500-square-foot garage bay, and I-10 freeway frontage. Alex Liu, Michael Liu, and Henry Liu of Sperry Commercial Gateway Group represented the seller in the transaction.
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