In today’s email:
Transactions: Deals in MD, NJ, FL, OH, NC, TN, IL, AL. Leases signed in IL, IN, TN, FL.
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CLOSED TRANSACTIONS
Acquisitions / Dispositions / Financings

DISPOSITION: An approximately 11,630-square-foot industrial facility on 3.07 acres at 6800 Quad Ave. in East Baltimore sold for $4.2 million. The property includes a main industrial building with approximately 1,000 square feet of office space, four oversized drive-through doors, a separate Quonset hut, and open yard space suitable for outdoor storage. Zoned MH-IM (Heavy Industrial) in Baltimore County, the site features immediate access to Interstate 95. Jim Chivers and Will McCullough of Gold and Company, LLC represented the seller in the transaction.

ACQUISITION: F.W. Webb Company acquired a 10.09-acre industrial outdoor storage development parcel at 2291 Massachusetts Avenue in Toms River, NJ, for $7,250,000. The site provides approximately 10.09 acres for distribution and outdoor storage. The buyer plans to construct a smaller building with expanded outdoor storage. David Skinner and Vin Cannistraro of Prescott IOS represented the buyer, while Tim Cadigan of Avison Young represented the seller, CRISON III, LLC, in the transaction.

ACQUISITION: Realterm acquired a two-property, 12.1-acre industrial outdoor storage maintenance facility portfolio in Jacksonville, FL. The two adjacent properties feature 24,500 SF of maintenance space, 10 drive-through bays, and one wash bay. The portfolio is fully leased to Student Transportation of America.

ACQUISITION: Legacy Capital Partners acquired the Columbus Industrial Portfolio, a 1.9-million-square-foot industrial portfolio spanning 10 buildings across 162 acres in Columbus, OH. The portfolio encompasses five campuses featuring a bulk distribution building, three truck terminals, two multi-tenant industrial buildings, two single-tenant properties, and 29 acres of improved industrial outdoor storage. Capital improvements and portfolio rebranding are planned. Joe Davis, Matthew Collins, Josh Weithman, Lucas Borges, and Emma Berner facilitated the transaction.

ACQUISITION: Joe Demaria and Chris Doherty of Parkway Auto Sales & Services, LLC acquired a 6,931-square-foot industrial property at 229 South Railroad Avenue in Homestead, FL, for $2.25 million. The property was sold by Jim Seagal of ESI South Bldg Partnership. The buyer acquired the site as part of a 1031 exchange to accommodate manufacturing and outdoor storage operations, utilizing vacant land for equipment staging and storage while maintaining rental income from an existing building tenant. Miguelangel Salazar-Pesce and Azael Reyes of East Coast Properties & Commercial Real Estate represented the buyer, while Sean Bernaldo and Alexander Bernaldo of Americas Commercial Real Estate represented the seller in the transaction.

ACQUISITION: Gramercy Investment Group acquired a 12,120-square-foot industrial outdoor storage property at 330 W Brannen Rd in Lakeland, FL. The 1.8-acre site features two buildings and was acquired from a long-time truck shop operator.

ACQUISITION: Alterra IOS acquired an industrial outdoor storage property at 4230 Northpointe Industrial Boulevard in Charlotte, NC. The site features 3.3 usable acres and 3,009 square feet of building improvements with access near Interstate 85 and Interstate 77. The property is fully leased and represents the buyer's 9th acquisition in the Charlotte MSA. Gavin Weaver and Liz Scott of Alterra IOS represented the buyer in the transaction.

ACQUISITION: Alluvion Partners acquired a 3.39-acre industrial outdoor storage property at 1311 W College Street in Murfreesboro, TN. The property includes 5,600 SF of building improvements with expansive outside storage and access to Interstate 24. Renovations are underway, and the property is immediately available for lease.

FINANCING: CBRE Capital Markets arranged acquisition financing for a 136,228-square-foot industrial facility on 8.52 acres with 86,000 square feet of outdoor storage in Oklahoma. The financing was completed as part of a two-property Oklahoma portfolio arrangement. Financing terms across the portfolio featured a 6.25% interest rate, 70% leverage, and a 5-year fixed rate with 30-year amortization. Farhan Kabani, Afshan Kabani, Nikki Maestas, Alex Franczek, Davis Edwards, Iram Mitha, Brandi Day, Bethany Tackett, Ryan Herbert, and Anil Halani of CBRE arranged the financing.

ACQUISITION: Timber Hill Group acquired a 24-acre industrial outdoor storage property at 900 Christina Dr in East Dundee, IL. The multi-tenant property includes a 25,427-square-foot building equipped with 16 overhead dock doors. The asset was acquired in 2025 through a Timber Hill joint venture.

DISPOSITION: A 12,000-square-foot build-to-suit industrial outdoor storage facility on 5.38 acres in Montgomery, AL, was sold. The property is leased to Sunbelt Rentals and features a large laydown yard. The transaction closed on September 25, 2026, after 60 days under contract. Patrick Doherty of Doherty Houston Industrial Group at Marcus & Millichap represented the seller in the transaction.

ACQUISITION: Jadian IOS acquired a two-property industrial outdoor storage portfolio located in Norcross, GA, and Tampa, FL. The acquisition includes assets at 4698 S Old Peachtree Rd in Norcross, GA, and 5718 E Columbus Dr in Tampa, FL.

ACQUISITION: Barnegat Capital acquired a 101,000-square-foot warehouse on 32 acres at 901 Aloe Street in Galloway Township, NJ. The transaction closed on October 27, 2026. The property sits near Atlantic City International Airport and includes 32 acres of excess land suited for trailer parking, outdoor storage, or expansion. The acquisition originated as an off-market sale-leaseback referral. Jonathan Klear represented the seller in the transaction.

DISPOSITION: A ±1.81-acre industrial outdoor storage site at 310 Metro Cir in Wilmington, NC, was sold. The fully fenced and graveled industrial site is located in Roymac Industrial Park on US-421, providing access to downtown Wilmington, the Port of Wilmington, and I-140. Mason Watkins, Robbie Harley, and Don Harley of Sun Coast Partners Commercial facilitated the transaction.
CLOSED LEASES
Leased

LEASED: A truck repair facility at 2135 Maxim Dr in Joliet, IL, was leased. The industrial facility includes warehouse space, one drive-in door, office area, and 4 bobtail parking spaces, with convenient access to Interstate 55 and Interstate 80. Vito Sruoga and Gabija Baudyte of RE/MAX Millennium Commercial Group facilitated the transaction.

LEASED: A ±6,500-square-foot industrial facility on ±2.5 acres at 4848 W Minnesota Street in Indianapolis, IN, was leased. The site features ±2.5 acres of secured and fenced outdoor storage and is zoned I-3 Heavy Industrial. Harjod Cheema and Wade Wilson of SVN | Northern Commercial represented both parties in the transaction.

LEASED: A ±0.35-acre contractor and industrial outdoor storage yard at 2511 Cayer Lane in Columbia, TN, was leased. The property totals approximately 0.35 acres of contractor and industrial outdoor storage space. Walker Tuten and Jake Stumb of Charles Hawkins Co. represented the tenant in the transaction.

LEASED: A 54,450-square-foot industrial outdoor storage yard at 10800 NW 92 Terrace in Medley, FL, was leased. The site provides outdoor storage space in the Medley market for transportation, fleet, equipment, and logistics users. Juan Pigurina of Industrial Advisors represented the tenant in the transaction.
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