Small Bay Daily - June 9 - Speed Bay Warehouse Solutions launches with $250M commitment

Good morning. Welcome to Small Bay List!

Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.

Now, let’s get to it!

NEWS ROUNDUP

LAUNCH: Black Creek founders launch Speed Bay Warehouse Solutions with $250M commitment. Evan Zucker and Jimmy Mulvihill have launched Speed Bay Warehouse Solutions, an investment and operating platform focused on shallow bay properties. At launch, a subsidiary of BDT and MSD Partners committed $250M in strategic capital, alongside $100M from Speed Bay’s founders. To date, Speed Bay has acquired or has under control roughly 2.7M SF across 6 markets, including DFW, Denver, Orlando, Philadelphia, and Phoenix. The Speed Bay leadership team also includes Rob Sistek, Matthew Stephenson, Lainie Papadakis Minick, Michael Moriarty, Jenna Macartney, Howard Pollack, and Carter Bass.

ACQUISITION: Arden Logistics Parks buys Atlanta light industrial portfolio. Arden Logistics Parks (ALP) has acquired a portfolio of light industrial assets concentrated in the Norcross submarket of Atlanta, Georgia. The property features 11 buildings spread across 5 business parks and totaling 659,000 SF. The acquisition brings ALP’s Atlanta MSA holdings to more than 2.3M SF. Charlie McCombs and Reza Javaheri led the ALP deal team in the off-market transaction. The portfolio includes:

• Bay Colony Business Park

• Oakbrook Place Business Park

• Medlock Oaks Business Park

• Five Oaks Business Park

• Colony Center Business Park

DISPOSITION: Newmark sells shallow bay industrial portfolio in SF’s East Bay. Newmark has facilitated the sale of Sierra Trinity, located at 6701 Sierra Court in Dublin, California. The portfolio includes 11 shallow bay industrial buildings. Steve Golubchik, Edmund Najera, Darren Hollak, and Brendan Raney with Newmark represented both the seller and the buyer in the transaction.

DISPOSITION: Sail Holdings buys flex-industrial property in Houston metro area. Sail Holdings has acquired Greenbriar Business Park, located at 13000-13004 Murphy Road in Stafford, Texas. The property features 2 multi-tenant industrial buildings totaling 63,750 SF. Garrett Nerren, Corbin Anderson, and Jake McGlaun led the Sail Holdings deal team. Mason Alsbrooks with Lee & Associates - Houston represented Sail Holdings in the transaction. Austin Dabbs, also with L&A, represented the seller, Rycore Holdings. Ryan Urech and Parker Lund led the Rycore Holdings deal team.

ACQUISITION: CRE Capital Management buys shallow bay property in Atlanta area. CRE Capital Management has acquired 999 Crestmark Boulevard in Lithia Springs, Georgia. The property features 2 buildings totaling 14,400 SF. Abhi Acharya led the CRE Capital Management deal team in the off-market transaction.

LEASE SIGNED: Lucern Capital Partners leases out DC area small bay asset. Lucern Capital Partners has leased out 5806 Kirby Road in Clinton, Maryland. The property features 6,466 SF of industrial space. Frank Forte led the Lucern deal team in the transaction. Goral Khatta with Greenspring Realty represented the tenant, Stone-San Granite and Marble.

FROM OUR PARTNERS

At the Small Bay Summit, we introduced IndustrialIQ.

Finding small bay deals is hard. It's not your fault — the tools just weren't built for it.

IndustrialIQ was.

Off-market properties. Owner contact info. Clean data. All in one place.

Code SMALLBAY10 gets you 10% off.

SMALL BAY PROPERTIES FOR SALE

Click on each photo for more information.

110,516 SF | 5 AC | 5 Buildings | 89 Suites | 87 Grade-Level Doors | 10’ Clear Height | Retail Storefront in Front Building | Proximity to William P. Hobby Airport, Ellington Field, and NASA Johnson Space Center | Easy Access to I-45 and Beltway 8 | Asking Price: $11,500,000

40,213 SF | 2.88 AC | 52 Units | Each Unit Equipped with Roll-up Bay Door, Separate Pedestrian Entrance, Private Restroom, and 3-Phase Power | Unit Sizes Range from 576-1,200 SF | Immediate Connectivity to Pacific Coast Highway | Asking Price: $7,250,000

28,500 SF | 0.62 AC | 30 Units | Average Suite Size: 950 SF | Grade-Level Access | Asking Price: $3,200,000

SMALL BAY PROPERTIES FOR LEASE

Click on each photo for more information.

1,492-7,518 SF | 6 Spaces Available | 16’-18’ Clear Heights | Power: 200A, 120/240V | Freshly Renovated Warehouse, Office, and Restroom Finishes | Less Than 2 Miles from I-275 and 5 Miles from I-4

800-1,200 SF | 2 Spaces Available | Located off Cameron Road with Easy Access to I-35, US-183, and US-290 | Flexible Lease Term Lengths

1,548-8,392 SF | Immediate Access to I-605 and I-5 | 15’ Clear Height | 1-2 Drive-in Doors | Power: 100A, 120/208V | Sprinklered | Skylights and LED Motion Sensor

ONE MORE THING

Advertise Listings | Share a Closing Announcement | Search Properties | Small Bay News | Comps | Professional Network | Email the Editor