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- Weekly IOS Market Moves - Nov 21, 2024
Weekly IOS Market Moves - Nov 21, 2024
The deals you need this week
Strut when the closing wires hit
YardDogs -
Welcome back! Here are the Thursday Trades you need to know to get you through this week. Today’s edition is all about the deals.
In today’s email:
Transactions: This week we’re featuring transactions from MO to CO to NJ and a build-to-suit in SC. Plus a sweet lease in TX.
On The Market: Don’t miss two beautiful opportunities to purchase in TX!
Recs: Two news articles and a podcast that are definitely worth a look.
CLOSED TRANSACTIONS
Acquisitions and Dispositions
ACQUISITION: Fischer Weiler Industrial represented the buyer on a 4.59 acre IOS site featuring a 7,000 SF maintenance facility with visibility off of HWY 71. The site was fully stabilized upon acquisition. Congrats to Henry Weiler and Andrew Fischer and all involved!
DEVELOPMENT: Alterra IOS in partnership with ARCO have developed a build-to-suit 21.6-acre, centrally located site in Charleston for tenant Heniff Transportation Systems, LLC. The site features easy access to the Port of Charleston. Great to see build-to-suit development in the IOS space!
DISPOSITION: Bento Property Group sold 6 acres in Colorado. Looks like a great comp for the market in CO!
ACQUISITION: Ridgecut Road closed a 2.5 AC site in Union Township that features a 10,000 SF service facility. It is located near key corridors like I-78 and Route 22 as well as Newark Liberty International Airport and Port Newark-Elizabeth. The deal arranged by YardDogs at JLL and NAI James E Hanson with financing arranged by Cooper Horowitz, LLC.
LEASES SIGNED
Recently Leased Properties
LEASED: Congrats to the Alpine Partners team on a 3.4 AC lease in Houston, TX! The site featured a 11,680 SF crane-served shop in an infill location. Way to go YardDogs!
ON THE MARKET
For Sale
FOR SALE: Check out this yard! Class A IOS facility on 8.37 AC of concrete. The property is fully leased to the largest lumber supplier in the US and located in one of the fastest growing markets in DFW with easy access to I-75. Reach out to Andrew Wiesemann for more info.
FOR SALE: Don’t miss this 7.4 AC fully secured asphalt site in La Porte, TX! This site is conveniently located only 3.5 miles from Barbours Cut with easy access to the port and features a 3,500 SF maintenance shop with 750 SF of office. Supply in this pocket remains tight, so reach out to Davis Lamberton or Samantha Muller at Blackwood Industrial more details.
ON THE MARKET
For Lease
FOR LEASE: 3851 Brandon Road is a 25.29 AC site that is fully lit, fenced, and paved with a 13,125 SF 24’ clear building on the site. The site is divisible and can accommodate up to 593 trailer positions. Reach out to Dan Leahy or Adam Roth at NAI Hiffman for more information!
RECS
Worth a Look
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.