In today’s email:
Transactions: Deals in CA, VA, NC, NY, FL, IL, TX, CT. Leases signed in PA, CA.
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CLOSED TRANSACTIONS
Acquisitions / Dispositions / Financings

ACQUISITION: Westlake Realty acquired a 24.48-acre industrial outdoor storage facility at 10547 E Stockton Blvd in Elk Grove, CA. Prior to closing, Westlake Realty executed a long-term lease for the improved portion of the property with a construction materials supplier. The Heavy Industrial-zoned site features three warehouse buildings totaling 67,881 square feet, two covered canopies, 12.5 acres of improved yard, an active Union Pacific rail spur, and frontage along Highway 99. The remaining 11.9 acres are unimproved. Jeff Smith and George Mack of Cresa, along with Sean Merold, Jimmy Landis, and Mike Zimmerman of CBRE, facilitated the transaction.

FINANCING: JLL secured equity and construction financing for Patriot Way IOS in Georgetown, TX. The project comprises six buildings totaling 95,000 square feet with an additional 23.77 acres of attached rentable yard space. Headwater Capital Partners and Alterra IOS are developing the facility. Witt Westbrook, Kyle Mueller, Rob Ellwood, Trent Agnew, Patrick Mccord, Jackson Finch, Scott Dickey, and Peyton Ackerman of JLL arranged the financing.

ACQUISITION: CoreOne Industrial acquired 7400 Impala Drive and 3007 Vernon Road in Richmond, VA. The portfolio acquisition includes a 221,056-square-foot multi-tenant industrial facility on 9.94 acres and an adjacent 3.26-acre industrial outdoor storage site. The IOS site includes approximately one acre of stabilized trailer parking. Acquisition financing was provided by ArrowMark Partners. Bo McKown of Cushman & Wakefield | Thalhimer facilitated the transaction. Gary McGlynn and Jason Smith of Northmarq arranged the financing.

ACQUISITION: TA Realty acquired an 11.3-acre industrial outdoor storage site at 3414 Sandy Ridge Road in Greensboro, NC, for $8 million. The graded site, known as Sandy Ridge Center, has capacity for up to 310 trailers and is suitable for industrial outdoor storage or build-to-suit use. Albany Road Real Estate Partners and TRUX Parking were the sellers. The property is located near Piedmont Triad International Airport. Cushman & Wakefield is marketing the site.

ACQUISITION: Alterra IOS acquired a 6.0 usable acre industrial outdoor storage property at 538 Edwards Avenue in Calverton, NY. The property includes 25,557 SF of building improvements and offers proximity to Interstate 495 and NY-25. The transaction represents Alterra's fifth acquisition on Long Island. Roman Melnyk of Industrial Storage Brokers facilitated the transaction.

ACQUISITION: Luke Smith acquired an 8.16-acre industrial outdoor storage property at 6212 Kracker Avenue in Gibsonton, FL, from Ryan Hwang for $2.4 million. The buyer acquired the 8.16-acre site for its own industrial outdoor storage operations. Christopher Settineri and Maria Camila Castro of Settineri Group worked with both parties to bring the deal together.

ACQUISITION: Curtis Ashton Partners and Burnham Industrial Partners, LLC acquired a 35,000-square-foot industrial building on 3.3 acres at 6119 Howard Street in Niles, IL. The property includes 2 acres of outdoor storage. Prior to closing, the buyers signed a Fortune 100 tenant to lease the facility. TMG Real Estate Advisors brought the opportunity to the buyers, and JLL represented the tenant.

ACQUISITION: Hays Electrical Services acquired a 3.16-acre industrial outdoor storage property on Benmar Drive in Houston, TX. The transaction closed on October 8, 2026. Brandon Wuntch and Jake Echols of Moody Rambin, along with Kourtney Scroggins-Willbanks of Designed Realty Group, facilitated the transaction.

ACQUISITION: North Park Ventures acquired an industrial outdoor storage property at 395 Range Rd in Melbourne, FL, for $3.25 million. Renasant Bank provided a $2.25 million acquisition loan for the transaction. The asset is located in Brevard County. DBS Capital Advisory facilitated the financing for the transaction.

DISPOSITION: A 4.87-acre industrial outdoor storage property leased to BrightView Landscapes in Windsor Locks, CT, was sold. The site includes 23,055 square feet of building space across multiple parcels on Ella Grasso Turnpike and Industrial Road. BrightView Landscapes has occupied the property since 2017. Charlie Anderson and John Krueger of Marcus & Millichap represented the seller in the transaction.

ACQUISITION: Bricktop Capital acquired a 3.91-acre industrial outdoor storage property at 10101-10105 Hicks Field Rd. in Fort Worth, TX. The property includes approximately 16,500 SF of industrial and office buildings and was fully leased to three tenants at closing. Reid Halverson, Peyton Flaherty, and Greer Shetler of Newmark facilitated the transaction.

DISPOSITION: A 10.47-acre industrial outdoor storage site at 11701 Von Quintus in Austin, TX, was sold in an off-market transaction. The improved industrial outdoor storage site carried two active tenants, Viking Fence and TNT Crane, at the time of the sale. Matt Fain of ECR represented the seller in the transaction.
CLOSED LEASES
Leased

LEASED: An industrial outdoor storage property at 6717–21 Essington Avenue in Philadelphia, PA, was leased. The site features a 16,913-square-foot building situated on 1.53 acres in Southwest Philadelphia. The facility includes approximately 5,350 square feet of showroom space, 11,563 square feet of shop or service space, and seven insulated drive-in doors with drive-through capabilities. It is located near Interstate 95, Interstate 76, and Philadelphia International Airport. Chris Pennington and Michael Pennington of Binswanger facilitated the transaction.

LEASED: BLP - Bridge Logistics Properties leased a 7.33-acre industrial outdoor storage property at 22360 Goldencrest Drive in Moreno Valley, CA, to an international manufacturing organization. The property features a 48,960-square-foot building in the Inland Empire East submarket. Parker Hutchison and Paul Jones of Bridge Logistics Properties were involved in the transaction. Mark Zorn, Nico Coppola, and Cory Whitman of Colliers represented the landlord in the transaction.
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