Small Bay Daily - February 20 - CRE buys small bay facility in Atlanta for $2.525M

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NEWS ROUNDUP

ACQUISITION: CRE buys small bay facility in Atlanta metro area for $2.525M. CRE Capital Management and joint venture partner Eleventh Street Partners have acquired 5891 New Peachtree Road in Doraville, Georgia. The property features an industrial building totaling 25,500 SF. The CRE deal team was led by Abhi Acharya. Sammy Berman with Newburger-Andes facilitated the all-cash deal.

ACQUISITION: JLL brokers sale of shallow bay warehouse in Boston area. JLL Capital Markets has facilitated the sale of 242 Libbey Industrial Parkway in Weymouth, Massachusetts. The property includes a 27,000 SF warehouse. Michael Restivo, David Coffman, and Tommy Hovey with JLL represented the buyer, Sticks Investment Group, in the deal. Fulcrum Real Estate Partners sold the property.

ACQUISITION: BLP buys shallow bay warehouse in Fort Lauderdale, FL. Bridge Logistics Properties (BLP) has acquired 1320 Northwest 65th Place in Fort Lauderdale, Florida. The property features a 35,960 SF warehouse. The BLP team is led by Jay Cornforth and Brian Gagne. Greg Milopoulos with Lee & Associates facilitated the sale.

LEASES SIGNED: BRC’s MIG leases 3 small bay spaces in Carteret, NJ. The Metz Industrial Group (MIG) of Bussel Realty Corp. (BRC) has facilitated 3 small bay leases at 1001 Roosevelt Avenue in Carteret, New Jersey. Jordan Metz, Benito Abbate, and James Friel with MIG represented the landlord, Seagis Property Group, in the following transactions:

• Lease renewal of 16,209 SF to Nirwana Foods LLC (also repped by MIG)

• Lease of 11,845 SF to American Exchange Apparel (repped by Glazerman Realty)

• Lease of 5,310 SF to South Valley Trading Co. (also repped by MIG)

LEASE SIGNED: L&A leases Boston area warehouse space in Boston area. Lee & Associates has now fully leased 54 West Dane Street in Beverly, Massachusetts. The multi-tenant property totals 58,634 SF of rentable space. Ty Janney and John Nasca with L&A represented the landlord, Sticks Investment Group, in the deal.

READ: BKM completed $2.45B in small bay transactions in 2024.

PORTFOLIO OFFERING

489,891 SF Total | 31.1 AC | 9 Buildings | 40 Tenants | 19’-22’ Clear Heights | 115 Dock-High Doors | 26 Grade-Level Doors | 98% 4-Year Average Occupancy

SMALL BAY PROPERTIES FOR SALE

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4,080 SF | Brand-New Construction | 2 Drive-in Doors | For Sale and Lease

71,687 SF Total | 6.23 AC Across 2 Parcels | 76,880 SF of Surface Parking | Dual Ingress/Egress via Wales and Tracy Roads | Recent Roof Inspection

11,520 SF | 4 Grade-Level Roll-up Doors | Front Loader | 20’ Clear Height | Existing Tenants on Under-Market Short-Term Leases | Central Location

SMALL BAY PROPERTIES FOR LEASE

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15,550 SF | 4-5 Offices | 3 Dock Doors | 1 Drive-in Doors | Heated

Philadelphia, PA | 10,100 SF | 19’ Clear Height | 1 Front Load Dock

900-1,000 SF | Grade-Level Loading | Gate Access | 14’ Clear Height | Automatic Bay Door

ONE MORE THING

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