Small Bay Daily - May 14 - CenterSquare buys Jacksonville industrial portfolio

Good morning. Welcome to Small Bay List!

Now, let’s get to it!

NEWS ROUNDUP

ACQUISITION: CenterSquare buys small bay portfolio in Jacksonville, FL. CenterSquare has acquired Philips Highway Industrial Park, located in Jacksonville, Florida. The portfolio features 10 multi-tenant buildings totaling 106,643 SF with an average suite size of 4,300 SF. Currently, the portfolio is 94% occupied. Brian Stutz led the CenterSquare deal team in the off-market transaction.

DISPOSITION: Matthews sells shallow bay portfolio in Greater Atlanta area. Matthews has facilitated the sale of 2445 Hilton Drive in Gainesville, Georgia. The property features 5 multi-tenant buildings totaling 72,432 SF. While most of the facility is composed of shallow bay industrial space, 16% of the rent roll comes from self-storage units. Harrison Auerbach, Thomas Wilkinson, and Austin McLeod led the Matthews deal team. (Interested in self-storage? Check out our sister publication Self Storage List!)

ACQUISITION: Andover Properties buys small bay asset in San Antonio, TX. Andover Properties has acquired 11926 Rail Drive in San Antonio, Texas. The newly constructed property features 3 multi-tenant buildings totaling 134,500 SF. The Andover deal team included Brian Cohen, Zachary Harding, Ian Ritchey, and Matthew Kaufman. Andrew Price and Braeden Bernstein with CBRE facilitated the transaction.

ACQUISITION: Endeavor Capital, Leifer Properties buy small bay asset in Jacksonville, FL. Endeavor Capital and Leifer Properties have made their entry into the Jacksonville, Florida, market with the acquisition of 4850 Collins Road. The property includes 2 multi-tenant buildings totaling 31,546 SF. Jonathan Mazzarella led the Endeavor deal team.

FINANCING: Cushman & Wakefield arranges $22.75M loan for flex portfolio in Miami area. Cushman & Wakefield has arranged an acquisition loan for a 2-building Class A flex portfolio in Deerfield Beach, Florida. The property totals 157,510 SF. Jason Hochman and Ronald Granite led the Cushman & Wakefield deal team.

READ: BKM Capital Partners’ Q1 Light Industrial Market Update.

SMALL BAY PROPERTIES FOR SALE

Click on each photo for more information.

For Sale and Lease | 110,000 SF | New Construction with Bays Ranging from 588-1,120 SF | Each Unit Has Office, Bathroom, and AC | Conveniently Located Right at Exit Ramp for I-95 | More than 800’ of I-95 Frontage | Close to Melbourne Orlando Intl. Airport, Port Canaveral, and CSX Intermodal-Orlando-FL

4.84 AC Site with BP100 Zoning Allows for Multiple Uses: Retail, Office, Medical, and Industrial (Including IOS) Site | Includes Stamped Plans for Small-Bay Industrial Development | Comprehensive Due Diligence Available | 17 Miles from Downtown Denver and 28 Miles to Denver Intl. Airport

10,200 SF | 21 Small Bay Units | Low Vacancy with Mark-to-Market Rental Upside, Offering Attractive Value-Add and Stable Cash Flow | Located within Artisanal Industrial (AI) Zoning | SALE PRICE: $2,500,000

SMALL BAY PROPERTIES FOR LEASE

Click on each photo for more information.

20,000 SF Available | 24’ Clear Height | 1,000 SF Office | 2 Dock Doors with Knockouts | 2 Drive-in Doors | LED Lighting | Wet Sprinkler | Ample Car/Trailer Parking | Close to US-222 Business, PA-12, I-78, Reading, and Allentown

5,726-14,371 SF Available | Each Bay Has 1 Dock-High Door in Rear | Fully Sprinklered | 30’ Clear Height | 3-Phase Power | Close to I-57, I-74, and I-72

6,000-30,000 SF Available | Brand-New Construction | 22’-32’ Clear Heights | Wet and Dry Sprinklers | 14’x14’ Drive-in Doors | 10’x10’ Dock-Height Doors with Levelers | 2 Minute Drive from I-93 | Anticipated Completion by June 2026

ONE MORE THING

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