Small Bay Daily - November 14 - Urban Genesis buys shallow bay portfolio in Houston, TX

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NEWS ROUNDUP

ACQUISITION: Urban Genesis buys shallow bay portfolio in Houston, TX. Urban Genesis has acquired a portfolio of 4 shallow bay properties in Houston. The Urban Genesis deal team included Matt Shafiezadeh, Hunain Dada, and Himesh Patel. The listing brokers were Stephen Ghedi and Lawton Anderson with Moody Rambin. Northmarq’s Warren Hitchcock and Blane Eikenhorst assisted with the transaction. The properties are:

• 5850 Cunningham Road — 71,000 SF on 5 acres, sold by Crescere Capital

• 6111 Milwee Street — 35,200 SF on 2 acres, sold by Crescere Capital

• 3306 Ella Boulevard — 90,100 SF on 3.97 acres, sold by Crescere Capital

• 1560 Industrial Drive — 21,038 SF on 1.17 acres, sold by Wolf Capital Partners

ACQUISITION: BKM buys small bay park in Portland, OR area for $50.7M. In a joint venture with Whittier Trust, BKM Capital Partners has acquired Tigard Business Park at 11844 Southwest Pacific Highway in Tigard, Oregon, a Portland suburb. The 20 acre park consists of 8 buildings and 33 units for a total of 259,124 SF on 20 acres. The BKM deal team was led by Brett Turner and Brian Malliet.

DISPOSITION: Voit sells small bay industrial park in Costa Mesa, CA for $5.35M. Voit RE Services represented the seller, a private family trust, in the disposition of 859 West 18th Street in Costa Mesa, California. The 7 unit property totals 17,280 SF. The Voit deal team was led by Dan Berkenfield and Matt Peters.

ACQUISITION: Longpoint buys mid bay warehouse in Dallas, TX. Longpoint Partners’ Longpoint Fund III has acquired 833 11th Street in Dallas, Texas. The property features a 50,005 SF industrial building on 3.31 acres. The Longpoint leadership team includes Dwight Angelini, Nilesh Bubna, Reid Parker, and Bob Provost.

LEASE SIGNED: Matthews leases small bay space in Pompano Beach, FL. Matthews RE Investment Services has facilitated the lease of 681 Southwest 16th Terrace in Pompano Beach, Florida. The unit features 23,297 SF with 3 dock doors and 1 grade-level door. Shane Williams, Michael Buonadonna, and Harrison Auerbach with Matthews represented the landlord.

READ: A white paper on why the small bay industrial market is so compelling.

SMALL BAY PROPERTIES FOR SALE

Click on each photo for more information.

20,000 SF Total | 1.13 AC | 2 Buildings | 2 Dock-High Doors | 3 Ground-Level Doors

7,200 SF | 1.51 AC | 16’ Ceiling Height | 5 Drive-Thru Bays | Overhead Canopy

14,800 SF | 4 AC | Sale Leaseback | Lease Expires 10/31/2029

SMALL BAY PROPERTIES FOR LEASE

Click on each photo for more information.

7,812 - 16,740 SF | 2 Available Units | 19’ Clear Height | $7.80/SF/YR

9,435 SF | 0.6 AC | 2 Buildings | 18’ Ceiling Height | 2 Grade-Level Doors | $1.15/SF/MO

4,800 SF | 0.7 AC | 14’ Ceiling Height | 4 Drive-in Doors | $12.50/SF/YR

ONE MORE THING

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