Tuesday Trades: IOS Deals - December 17, 2024

CLOSED TRANSACTIONS
Acquisitions and Dispositions

ACQUISITION: Apricus Realty Capital acquired a 7.5AC IOS site in Cedar Hill, TX. Located just south of Dallas, the site is strategically positioned between Dallas and Fort Worth with easy access to I-35. Congrats to the Apricus Realty Capital team, Colliers, and JLL on getting this one done!

ACQUISITION: Clear Height Properties / Blackbird Investment Group acquired a 32,000 square foot IOS site, located at 2945 Shermer Road in Northbrook, Illinois. The property consists of a 32,000 square foot drive-thru building with less than a 20% building-to-land coverage ratio, fully gated and a secured parking area for a fleet of field service vehicles.

ACQUISITION: Alterra acquires 15.32AC IOS site at 5600 Market St. Jurupa Valley, CA for $51M. The acquisition is a sale-leaseback. Congrats to Alterra on getting this one done and for Ethan Flor and the MacLeod & Co. team for facilitating the deal!

ACQUISITION: Miramar IOS Partners acquired an 8.84-acre stabilized IOS project located in an infill area of Charlotte, North Carolina. The project is leased to Right Solution Truck Care.

ACQUISITION: A recently developed (2018) 14.24AC IOS site in Jonhstown, OH was acquired. Deal was facilitated by Pablo Garcia and Matt Kovesdy at Matthews. Congrats on getting this one done!

ACQUISITION: Outpost recently closed on 10 acres at 116 Gulfstream Rd in Savannah, Georgia. This is their first location in the state and second in the Southeast after opening their Fort Lauderdale property in September. The Savannah yard is strategically located just 2 miles from the port and minutes away from I-95, I-16, and Savannah/Hilton Head International Airport, providing easy access to major transportation corridors heading north, south, and inland. Congrats to Outpost and Sebastian Findlay and Colliers!

LEASES SIGNED
Recently Leased Properties

LEASED: Open Industrial completed a lease expansion at 1413 Mechanical Boulevard in Garner, NC, with United Rentals. Congrats to Jared Okun, Joshua Gurland, and Michael Hutton, MSREI, with Open Industrial, for facilitating this transaction.

ON THE MARKET
For Sale

FOR SALE: Newmark Zimmer just listed 5201 E 9th Street and 5024 E 10th Street in Kansas City, MO. This 3.43AC IOS facility is gated, fenced, pole lit and has secured parking. Infill location 3 miles east of downtown Kansas City, MO and less than 2 miles to access both Interstate 435 and Interstate 70. Reach out to Graham Stark and John Faur if interested.

ON THE MARKET
For Lease

FOR LEASE: 3 acre IOS site located just off I-20 available in Conyers, GA. Includes 1,400 sq ft building delivered in cold shell condition. Reach out to Nick Fitzpatrick for more info.

FOR LEASE: 3 AC with 18,000 SF Class-A IOS site for lease in Deer Park, TX. Contact James Mashni, Patrick McKiernan and Juan Fraga at First Houston Properties if interested!

RECS
Worth a Look

• Read: Institutionalizing IOS - John Cole from Foundry Commercial’s piece on the institutionalization of the IOS market

• Read: More rate cuts? - what to expect out of the next Fed meeting