Tuesday Trades: IOS Deals - January 14, 2025

CLOSED TRANSACTIONS
Acquisitions and Dispositions

ACQUISITION: Realterm acquired a 13-property IOS truck terminal portfolio totaling 631,604 square feet across 135 acres in seven major U.S. markets. The portfolio, which is 97 percent leased to 11 tenants, consists primarily of IOS truck terminals and IOS maintenance facilities. The acquired properties are located in primary logistics markets such as Northern New Jersey, Dallas, Chicago, the Inland Empire, the Bay Area, Seattle, and Orlando. Congrats to the Realterm and Eastdil Secured teams for getting this one done! Starting 2025 off with a bang!   

ACQUISITION: Hooper Corporation acquired 4475 East 74th Avenue, a 33,660 SF industrial building situated on 4.28 acres of I-2 zoned land in Commerce City, Colorado for $6.5M. Congrats to Mark Dwyer and Sam Slaton at Lincoln Property Company Denver for facilitating the sale!

ACQUISITION: Green Courte Partners acquired 3436 Couchville Industrial Boulevard, an IOS facility located along I-840 in Mount Juliet, Tennessee (Nashville MSA), in Wilson County’s fast-growing industrial submarket. The property will be managed by GCP Truck Storage Management, LLC, Green Courte’s wholly owned IOS operating platform. Congrats to Jordan Kerger, Currey Hall and Albert "Pound" Lamb (seller) on getting this one to the finish line!

ACQUISITION: Nick Geaneotes and Derrick Dougherty facilitated the sale of Equipment Share in Baytown, TX. The deal sold for $4.4M at a 6.7% cap. Congrats to Nick and Derrick for getting this done!

ACQUISITION FINANCING
Acquisition Financing for Recent Deals

LEASED: Estreich & Company arranged the acquisition financing for 2703 Black Lake Place, Philadelphia PA, a 7-AC IOS parking site leased (NNN) to Amazon. The financing was $3.1M. Shout out to Aram Pehlivanian, Oleg Feldsher, and Andrew Flaum!

LEASES SIGNED
Recently Leased Properties

LEASED: A leading global courier has signed a 435,600 sq. ft. parking lease at 2770 Avenue André in Montréal, QC. This facility will support the tenant’s parking and distribution operations in the Montréal market. Congrats to the Colliers team, Vincent Iadeluca, and Jean-Marc Dube, MICP, for closing this deal!

ON THE MARKET
For Sale

FOR SALE: ±12,900 SF industrial warehouse (±2,400 SF mezzanine, ±1,500 SF office space & ±9,000 SF warehouse space), with an additional ±1,025 SF of office space located onsite. Total of ±2.62 AC, with a separate ±400 SF canopy and ample room for outdoor storage, zoned M (Manufacturing) Current tenant expires November 30, 2025. Reach out to Lawson Dann, Caitlin Quinlan and Jesse Drake at Foundry Commercial if interested!

ON THE MARKET
For Lease

FOR LEASE: 8AC site with 41,560sqft available (sites A+B) for lease in North Charleston, SC. ~20min from North Charleston Port Terminal and ~10min from the airport. Easy access to I-26 and I-95. New exterior fencing with barbed wire and screening and new gates installed. Reach out to Jon-Michael Brock and Alex Whittemore at Lee & Associates for more info.

RECS
Worth a Look

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