Small Bay Daily - August 5 - Unilev buys shallow bay facility in Chattanooga, TN

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NEWS ROUNDUP

ACQUISITION: Unilev buys shallow bay facility in Chattanooga, TN. Unilev Capital, together with partner Mandalay Industrial (an affiliate of Palladius Capital Management), has acquired 14 Pryor Drive in Chattanooga, Tennessee. The property features a 97,766 SF multi-tenant shallow bay industrial asset. Ian Konowitch, Raymond Levy, and Peter Berges led the Unilev deal team, while the Mandalay team was led by Nitin Chexal. Tom Shafer and Chase Mathews with OnPace Partners facilitated the transaction. Jacob Kahle with Aegon Asset Management and Jeff Sause and Chad Morgan with JLL assisted with the financing.

ACQUISITION: Goldwaite buys shallow bay industrial in Dallas, TX. Goldwaite has acquired 10611 Control Place in Dallas, Texas. The property features a 24,368 SF shallow bay industrial building with excellent acccess to I-635. The Goldwaite deal team included Mitchell Miller and Zane Smith. Keenan Cook with Mercer Co. facilitated the transaction, while Bobby Draughn with Inwood National Bank provided the acquisition financing.

ACQUISITION: DIG buys small bay asset in Reno, NV area. Dornin Investment Group (DIG) has acquired 831 Deming Way in Sparks, Nevada. The property features a 4-unit industrial building totaling 61,770 SF. DIG intends to renovate the property for a total of 5 units. Chris Dornin and Philip Smith led the DIG deal team. Michael Keating with Logic Commercial Real Estate facilitated the sale. Michael Walker and Andrew Gross with CBRE arranged the financing.

LEASE SIGNED: CBRE facilitates shallow bay lease renewal in Bay Area. CBRE has facilitated the renewal of a lease for 32,172 SF of industrial space at 28357 Industrial Boulevard in Hayward, California. Austin Hinder and Tim Kempton with CBRE represented the tenant, Ironridge, in the transaction. Nick Ousman with Colliers represented the landlord, Shea Properties.

FUNDING: Slatt closes $5M acquisition loan for small bay in San Jose, CA. Slatt Capital has closed a $4,975,000 acquisition loan for 749 Story Road in San Jose, California. The property features a 31,900 SF multi-tenant industrial building. The Slatt deal team included David Bruni and Kristin Howes.

READ: Small bay industrial demand to surge as small business “grow up.”

FROM OUR PARTNERS

We’re pleased to announce the launch of Westover Industrial Partners — a brokerage purpose-built for one thing: small bay industrial.

We work exclusively with investors, REPE firms, and operators looking to acquire and stabilize Class B & C industrial properties nationwide. Our focus is narrow, and our execution is sharp.

Over the last 12 months, our founding partners, Matson Kane and Sam Mallane, have sourced and closed more than 800,000 square feet of small bay product across the country — including placing a Southeast-based REPE firm into three value-add assets totaling over 300,000 SF in the tight Northwest Arkansas market, all sourced direct and closed in under a year.

If you're tired of recycled deals and need a team that actually hunts, underwrites like they’re putting their own money in, and lives in the weeds of small bay — let's connect.

Click here to email us and set up a time to talk.

SMALL BAY PROPERTIES FOR SALE

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45,605 SF | 3.62 AC | Seller Open to Leasing Back 13,605 SF | Newly Renovated | Substantial Recent Capital Improvements | Majority of Tenants on Gross Leases | Located Right off US-17

For Sale or Lease | 10,100 SF Total | 2 Buildings | (3) 1,700 SF Units | New Construction | (3) 10’x12’ Overhead Doors | 3-Phase 1,000 Amp Power | 24’ Ceiling Height | Convenient Access to I-94

32,500 SF | 3 Tenants | Can Easily Be Subdivided into Additional Units | Recent Upgrades | Located Near NJ-73 | Strong Annual Rent Increases

SMALL BAY PROPERTIES FOR LEASE

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2,400-24,000 SF | 12'x14' Grade-Level Doors | 3-Phase Power | 24' Clear Height | Great Access to US-290 and Beltway 8

8,000-19,500 SF | Front Building: 10,300 SF Terminal Building, 12’ Clear Height, 23 Dock Doors | Right Building: 19,500 SF Industrial Building, 14’-24’ Clear Heights, 7 Grade-Level Doors | Rear Building: 8,000 SF Maintenance Facility 14’ Clear Height, 13 Grade-Level Doors

6,035-15,046 SF | 21’-26’ Pitched Roof | Office Build-to-Suit | Drive-In Doors

ONE MORE THING

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