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Small Bay Daily - January 9 - Thalhimer buys shallow bay portfolio in Richmond, VA for $75.3M

Small Bay Daily - January 9 - Thalhimer buys shallow bay portfolio in Richmond, VA for $75.3M

TRP buys Richmond, Virginia portfolio. Metro 1 sells Miami shallow bay. CRE Capital Management buys Atlanta shallow bay. V20 Group sells Connecticut small bay. Avison Young sells Tampa small bay. Colliers leases San Francisco Bay Area midbay. Six new small bay listings.

Katherine Peach
January 09, 2025

Good morning. This is Small Bay List, and we keep your eyes on the prize.

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NEWS ROUNDUP

ACQUISITION: TRP buys flex-industrial portfolio in Richmond, VA for $75.3M. Cushman & Wakfield’s Thalhimer Realty Partners (TRP) has acquired Dabney Center, a 14-building portfolio located at 2511-2523 Brittons Hill Road, 2221-2277 Dabney Road, and 2112-2245 Tomlynn Street in Richmond, Virginia. The portfolio totals 642,384 SF on 56 acres and is currently 99% leased. The sizes of the buildings range from 15,389-132,548 SF, with most being shallow bay facilities. The seller was Brandywine Realty Trust. The TRP deal team included Evan Magrill and Matt Raggi.

DISPOSITION: Metro 1 sells shallow bay facility in Miami, FL for $6.29M. Metro 1 Commercial has brokered the sale of 6800-6890 Northeast 4th Court in Miami, Florida. The property features a 21,000 SF industrial building. The Metro 1 deal team of Andres Nava and Bernardita Banfi represented both the buyer and the seller in the transaction.

CRE Capital Management buys Atlanta shallow bay

ACQUISITION: CRE Capital buys shallow bay facility in Atlanta MSA for $1.62M. CRE Capital Management has acquired 1046 Parkway Court in Buford, Georgia, in an off-market deal. The property features a 12,000 SF multi-tenant building with 5 bays and is currently 100% occupied. The CRE deal team was led by Abhi Acharya.

DISPOSITION: V20 Group sells shallow bay building in Stamford, CT. The V20 Group has sold 550 West Avenue in Stamford, Connecticut, to an affiliate of Jornik Manufacturing. The property features a 55,000 SF multi-tenant shallow bay building that is currently 100% leased. The V20 Group deal team was led by Joe Vaccaro.

DISPOSITION: Avison Young sells small bay warehouse in Tampa, FL. Avison Young Commercial Real Estate has brokered the sale of 7750 Professional Place in Tampa, Florida. The property features a 19,646 SF warehouse with more than 1.6 acres of industrial outdoor storage (IOS). The Avison Young deal team of Michael Coppola, Greg Morrison, and Jason Steele represented the seller in the transaction. Robbie Lober and Devin Beeler with Lober Real Estate represented the buyer. (If IOS piques your interest, check out our sister publication IOS List.)

Colliers leases San Francisco Bay Area midbay

LEASE SIGNED: Colliers leases midbay warehouse in San Francisco Bay Area. Colliers has facilitated the leasing of 30985 Santana Street in Hayward, California. The property features a 95,904 SF industrial building. Greig Lagomarsino with Colliers represented the landlord, Link Logistics, in the transaction. The Link Logistics deal team included Kevin Lazzini and Anjali Khalasi.

VOTE: WHICH HAS MORE UPSIDE THIS YEAR?

Do you need a capital partner for an upcoming project? Reach out to Lee Sager ([email protected]) or David Harris ([email protected]) with Camps Bay Capital.