Small Bay Daily - February 17 - Greystar expands into shallow bay with Nashville project

Good morning. Welcome to Small Bay List! In today’s issue, we feature a Greystar JV shallow bay development and Matador’s acquisition of a Texas small bay park.

Now, let’s get to it!

NEWS ROUNDUP

DEVELOPMENT: Greystar expands into shallow bay with Nashville project. Greystar, the largest apartment owner in the US, is moving further into the shallow bay industrial space through a joint venture (JV) with Whitman Peterson. The JV has acquired a 12 AC lot at 1271 East Division Street in Mount Juliet, Tennessee, and plans to begin construction on a 183,971 SF multi-tenant facility at the site. The JV has received a $19.4M construction loan from Cadence Bank, and completion of the project is expected in the 2nd quarter of 2027. Will Goodman, Jack Armstrong, and Davis Goodman with CBRE are marketing the property for lease.

ACQUISITION: Matador Realty Investments buys small bay park in Princeton, TX. Matador Realty Investments has acquired Princeton Bluff Small Bay Park, located at 4287 East US-380 in Princeton, Texas. The property features 4 buildings totaling 38,326 SF. The Matador leadership team includes Jeremy Mercer and Will Narduzzi.

DISPOSITION: Birtcher Anderson & Davis sells Inland Empire midbay facility. Birtcher Anderson & Davis (BA&D) has sold 4725, 4790, and 4795 Troy Court in Jurupa Valley, California. The property features a 3-building, Class A industrial development totaling 191,311 SF. BA&D acquired the property in December 2020. Daniel Karcher led the BA&D deal team, which was represented by Tal Siglar with Cushman & Wakefield.

ACQUISITION: CanTex Capital buys shallow bay asset in Dallas. CanTex Capital has acquired 4851-4855 Cash Road in Dallas, Texas. The property features a 26,418 SF industrial building. Matthew Spellman with TIG Real Estate Services facilitated the transaction.

LEASE SIGNED: 4Acre Commercial leases small bay warehouse in Orlando area. 4Acre Commercial has facilitated the leasing of 2190 East Semoran Boulevard in Apopka, Florida. The property features a 5,655 SF warehouse located at the rear of a retail center. The new tenant is GS Innovations Kitchen Cabinetry. Trey Dyer and Nicholas Fouraker with 4Acre represented the landlord in the transaction.

READ: Why shallow bay isn’t just for industrial anymore.

FROM OUR PARTNERS

Lucern Capital Partners is actively seeking industrial acquisitions. [sponsored]

Investment Criteria

• $5 million to $25 million

• Multi-tenant industrial, small bay, and retail

• High-growth markets on the East Coast

• Value-add through repositioning, capex, or management

Find the Lucern team in Atlanta at the Small Bay Summit. Reach out to Frank Forte for a quick response on your small bay deals: 

SMALL BAY PROPERTIES FOR SALE

Click on each photo for more information.

36,800 SF | 4.4 AC | 20 Individually Metered Suites | 95% Occupancy | 16’-18’ Clear Heights | Ample IOS for Development | Frontage Along I-20

12,000 SF | 2 AC | Strong Tenant Mix | 10’ Ceiling Height | Excellent Location off US-285 | Value Add to Convert to NNN | Seller Financing Available

83,607 SF | 5 AC | 48 Divisible Suites | 18’ Clear Height | 61 Total Drive-in Doors | LED Lighting | 3-Phase Power | 130 Auto Parking Spaces | Functional Drive-Through Site Circulation | Located Just Minutes from Naples Airport and I-75 | Closest Industrial Node to 5th Avenue South and More Than 20 Minutes from Nearest Competitor

SMALL BAY PROPERTIES FOR LEASE

Click on each photo for more information.

1,504 SF | 1 Unit Available | 20’x60’ Warehouse | 2 Power Garage Doors | Climate Controlled Office | Private Restroom | Well-Lit Exterior | Paved Parking Space | Easy to Access

2,400 SF | 1 Unit Available | Includes 750 SF Office | Clear Span Warehouse Space | 20’ Clear Height | 1 Drive-in Door | ±20 Onsite Parking Spaces | Van and Truck Accessible | Convenient Access to I-78 and I-287

1,200 SF Available | 100 SF Office | 12’ Drive-in Bay Door | En-Suite Bathroom | 3 Parking Spaces | Recently Renovated with a Newly Sealed and Striped Parking Lot | Auto-Related Businesses Are Not Permitted

ONE MORE THING

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