In today’s email:
Transactions: Deals in FL, TX, CA, MA, NC. Leases signed in SC, CA, FL.
On The Market: 1 IOS Listing
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CLOSED TRANSACTIONS
Acquisitions / Dispositions / Financings

ACQUISITION: Jadian IOS acquired an 11.8-acre industrial service facility at 1509 Pickettville Rd in Jacksonville, FL. The site features 38,500 square feet across seven buildings, including 28,100 square feet of shop space and 10,400 square feet of office space. Located directly off Interstate 295 with access to Interstate 10, the property offers 25 oversized drive-in doors and 16-to-18-foot clear heights. The property is currently available for lease.

ACQUISITION: Alluvion Partners acquired a 3.84-acre low-coverage industrial property in the west Houston/Katy area. The property includes a 3,707-square-foot warehouse and is fully leased to Juniper, a national landscaping company. Located just off I-10 at the Cane Island Parkway interchange, the site is situated near Buc-ee’s and The Home Depot. Jared Gillespie sourced the opportunity.

DISPOSITION: An industrial outdoor storage property in Fort Pierce, FL, was acquired in an all-cash transaction at an 8% cap rate. The asset is located within an industrial park adjacent to Treasure Coast International Airport. The sale process generated nine offers and closed after a 30-day escrow. Stephen Passeggiata, Michael Buonadonna, and Harrison Auerbach of Matthews Real Estate Investment Services represented the seller in the transaction.

ACQUISITION: Redpoint Industrial Group acquired a low-coverage industrial facility at 8521 McHard Road in Fort Bend County, TX. The property features a ±52,500-square-foot crane-served warehouse and Class A standalone office on a ±14.13-acre fenced, heavy-stabilized yard in the Southwest Houston submarket. The off-market transaction marks the firm's tenth industrial investment over the past 12 months.

DISPOSITION: Provender sold a ±1.71-acre industrial yard at 966 81st Avenue in Oakland, CA. Located along Oakland's heavyweight corridor, the fully paved and secured site features a 12-foot concrete block perimeter wall, a mechanically operated gated entry, and all utilities on site. The property offers immediate access to Interstate 880 (±1 mile) and is in close proximity to Oakland San Francisco Bay Airport and the Port of Oakland. Justin Smutko, Mark Maguire, and Garrett Dunn of Colliers represented the seller, while Bob Shepherd of Kidder Mathews and Ben Damon of Avison Young represented the buyer in the transaction.

ACQUISITION: Juliao Miami LLC acquired a 4.1-acre industrial outdoor storage property at 5000 Northwest 72nd Avenue in Miami, FL, for $15 million. Zenith Industrial Outdoor Storage sold the site. JPMorgan Chase provided a $9.75 million mortgage for the acquisition.

ACQUISITION: Realterm acquired a two-property industrial outdoor storage portfolio totaling 10.25 acres in the western Interstate 495 submarket of Boston, MA. The portfolio consists of two industrial outdoor storage properties totaling 10.25 acres in the Boston area.

DISPOSITION: Port Commercial acquired a ±67,151-square-foot industrial facility on ±6.05 acres at 201 E 28th Street in Charlotte, NC, from International Paper. The property is located in the NoDa / Optimist Park industrial corridor and features rail access as well as outdoor storage options. Avison Young has been retained by new ownership as the leasing team for the property. Ryan Kendall, Christopher J. Skibinski, and Nick Claudio of Avison Young represented the seller in the transaction.
CLOSED LEASES
Leased

LEASED: A space featuring small warehouse and outdoor storage at 202 Conestee Rd in Greenville, SC, was leased. The space is located within Hammett Industrial Park and offers warehouse space paired with outdoor storage. Additional spaces are becoming available for lease and sale at the property. Nick Hammett and Brady Brannon of SVN Palmetto worked on the transaction.

LEASED: Sunbelt Rentals leased an industrial outdoor storage facility at 5201 Paramount Blvd. in Pico Rivera, CA. The site will support the company's continued growth in Southern California and its role as an official partner for the LA28 Olympic and Paralympic Games. Mark Vanis, Jon Reno, and Patrick Stark of JLL represented the tenant in the transaction.

LEASED: A 7-acre industrial storage yard at 22990 Temescal Canyon Rd in Corona, CA, was leased for a 10-year term. The property is located along Temescal Canyon Road with access to Interstate 15. David Noblitt, Josh Hayes, and Jack Chambers of Newmark represented ownership in the transaction.

LEASED: An industrial outdoor storage property at 3221 SE Dominica Ter in Stuart, FL, was leased. The site features a 2,800-square-foot building on 0.51 acres with outdoor storage zoning. Alec Seow of Lober Real Estate represented the tenant in the transaction.
MARKET NEWS
On The Market

FOR SALE: A 2-acre industrial property at 6711 Quad Ave in Baltimore, MD, is available for sale. The site features a ±2,100-square-foot freestanding office building and shop. Located in the Pulaski Industrial Area of East Baltimore, the property features I-2 Heavy Industrial zoning and is situated within an Enterprise and Opportunity Zone. The lot is fenced, level, and lit. Contact Jim Chivers ([email protected]) and Will McCullough ([email protected]) for more information.
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