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  • Tuesday Trades: IOS Deals - January 21, 2025

Tuesday Trades: IOS Deals - January 21, 2025

The deals you need this week

January 21, 2025

When your broker tells you the off market deal traded away from you

YardDogs -

Welcome back to Tuesday Trades!

In today’s email:

  • Transactions: This week we’re all over the country highlighting acquisitions in Brooklyn, Long Island, Philadelphia, Las Vegas, and Mechanicsburg. Plus a lease signed outside of Chicago!

  • On The Market: Don’t miss an opportunity to buy in Charleston, SC

  • Recs: Take a look at what JP Morgan has published about the outlook for tariffs and potential impact on your portfolio.

CLOSED TRANSACTIONS
Acquisitions and Dispositions

ACQUISITION: Open Industrial recently closed on a 4.8-acre IOS property located at 2775 Betty Lane Las Vegas, NV. This marks Open Industrial’s first acquisition in the Las Vegas MSA. The Property is currently available for lease, and management has retained Eric Molfetta, SIOR, MBA and Amanda Irving with Molfetta Industrial Group to represent the landlord in leasing efforts. Ian Diaz from Marcus & Millichap sourced this deal off-market for the team and Matt Potolicchio led the acquisition for Open Industrial.

ACQUISITION: Pasa Properties acquired 4 Keener Drive in Mechanicsburg, PA. The property will be used to store trailers and other equipment, aiding in streamlining operations for continued growth. Vasiliki Truong and Vincenzo Ferranti facilitated the transaction. Brett Woodburn and Jasmin (Jazz) Osojkić helped get this deal closed.

DISPOSITION: The JLL Suburban Tri-State Capital Markets facilitated the $15.25 million sale of 901-931 Burman Boulevard, a 189,631-square-foot industrial facility on 20-acres in Calverton, New York. KABR Group sold the asset to Corniche Capital. This two-tenant property in Suffolk County on Long Island has additional land for outside storage and development, ideal for future last-mile distribution to the North Fork and Hamptons. Jason Lundy at JLL worked on the transaction.

LEASES SIGNED
Recently Leased Properties

LEASED: Ketone Partners announced the signing of a long-term lease with Monroe Truck Equipment - Aebi Schmidt Group at their state-of-the-art maintenance facility located at 3350 Channohan Rd, Joliet, IL. The site is near the newly completed Houbolt Road Extension and provides access to essential transportation networks to support Monroe's continued growth and commitment to quality and innovation in the industry. Eric Tresslar and Steve Connolly from NAI Hiffman, represented Ketone. Kyle Schuhmacher, Jennifer H., Lynn Repak, MBA, and Kathleen Colias represented the Ketone team.

ON THE MARKET
For Sale

FOR SALE: 3255 Fortune Drive, Charleston, SC is for sale! The property features 2.36 AC with a 30,000 SF building with easy access to I-26. The property is being offered at $5,050,000 which is just over a 6.0% Cap. Reach out to Jon-Michael Brock and Alex Whittemore at Apex Investment Property Group for more information.

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Disclaimer: The authors of IOS YardDogs are not finance or tax experts. We love big yards, small buildings. This email is for educational uses and is not financial / investment advice. Please conduct independent research and consult with industry professionals before making financial or investment decisions. Our content, which may contain affiliate links, is subjective and not to be used as the only basis for such decisions. We are not responsible for any losses from relying on this information.