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  • Small Bay Daily - October 15 - Marcus Partners buys Philly area shallow bay portfolio

Small Bay Daily - October 15 - Marcus Partners buys Philly area shallow bay portfolio

Marcus Partners buys Philly portfolio. Evergen buys TX shallow bay. Lift Aerospace buys FL shallow bay. BRC leases NJ small bay. Emerald Creek finances FL small bay deal. Denholtz names new CEO. Six new small bay listings.

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NEWS ROUNDUP

Marcus Partners buys Philly portfolio

ACQUISITION: Marcus Partners buys Philly area shallow bay portfolio. Marcus Partners has acquired Crossings Light Industrial Portfolio, a 25-building light industrial portfolio spread across the Philadelphia metro area. The portfolio comprises 1.2 million SF on 97.29 acres. The deal was made through a partnership with Camber RE Partners, which originally acquired the portfolio in 2020. The Marcus Partners deal team included Fiore David, Bill McAvoy, and Todd Minerley. Camber RE Partners is led by Dave Surti. Michael Hines, Brad Ruppel, Joe Hill, and Brian Fiumara with CBRE facilitated the transaction. CBRE’s James Millon, Tom Traynor, Tom Rugg, and Mark Finan arranged financing for the deal from Blackstone.

Evergren buys TX shallow bay

ACQUISITION: Evergen & M2G Ventures buy shallow bay in Austin, TX. Evergen Equity and M2G Ventures have teamed up to acquire 211 East Alpine Road in Austin, Texas. The property features a 49,064 SF warehouse on 1.87 acres. The Evergen team is led by Troy Marcus.

Lift Aerospace buys FL shallow bay

ACQUISITION: Lift Aerospace buys shallow bay in Miami, FL for $7.1M. Lift Aerospace has acquired 1740 West 14th Avenue in Hialeah, Florida, a Miami suburb. The property features a warehouse totaling 27,674 SF. Rafael Herrera with OD Realty Group represented Lift Aerospace. Louis Erice of the Erice Group at Keller Williams Realty represented the seller, High Noon Sailing Ltd.

BRC leases NJ small bay

LEASE SIGNED: BRC leases small bay facility in Roselle, NJ. Bussel Realty Corp. (BRC) has leased 7,500 SF at 197 East Highland Parkway in Roselle, New Jersey. The property features 17’ ceilings and drive-in loading. BRC’s Steve Jaynes represented both the landlord, East Deal Inc./MM Realty, and the tenant, Lucky Construction LLC.

Emerald Creek finances FL small bay deal

FINANCING: Emerald Creek lends $32.2M on Miami, FL small bay park. Emerald Creek Capital has provided a floating-rate loan for East Capital Partners’ acquisition of Skylake Executive Industrial Park, located at 19501 Northeast 10th Avenue in North Miami Beach, Florida. The property features several industrial buildings for a total of 210,000 SF. The Emerald Creek deal team was led by Mike Cleaver. The East Capital Partners deal team included Drew DeWitt and David Archibald. Eli Sasson Bril, Jose Sasson, and Roberto Susi with Axiom Capital Advisors brokered the sale of the property.

PEOPLE MOVES: Denholtz taps Katie Kurtz to be new CEO. Congratulations to Katie Kurtz, who has been named the new CEO of Denholtz Properties. Kurtz previously served as Co-Chief Investment Officer and Chief Financial Officer of Silverstein Properties, where she managed a portfolio of more than $10 billion.

SMALL BAY BUYERS NEEDED!

Blackwood Industrial has several off-market investment sale opportunities in Houston.

  • Houston MSA

  • 5,000 to 50,000 SF

  • Single & Multi-Tenant

Email Davis Lamberton if you want to deploy capital in the Houston market →

SMALL BAY PROPERTIES FOR SALE

Click on each photo for more information.

small bay portfolio for sale in VA

535 Independence Parkway; 814, 816, 825 Greenbrier Circle; 1801 Sara Drive, Chesapeake, VA 23320

Total 508,814 SF | 5 Buildings | 84% Leased | 37 Tenants

Small bay for sale in Ponder, TX

2330 & 2268 Seaborn Road, Ponder, TX 76259

Total 115,650 SF | 19 Buildings | 100% Leased | Close to I-35 & N FM 156

Small bay for sale in PA

821 West 5th Street, Lansdale, PA 19446

28,665 SF | 1.27 AC | 18’ Clear Height | 2 Dock-High Doors | 3 Drive-in Doors

SMALL BAY PROPERTIES FOR LEASE

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small bay for lease in SLC

1755 West 1500 South Salt Lake City, UT 84104

8,585 SF | 1,260 SF Office | 1 Space Available | 2 Dock-High Doors | 2 Rail-Served Doors

small bay for lease in TN

941 Esther Lane, Murfreesboro, TN 37129

8,414-99,411 SF | 8 Dock-High Doors | 5 Drive-in Doors | 11 Loading Docks

small bay for lease in Cypress, TX

17107-17207 South Drive Cypress, TX 77433

1,500-9,360 SF | 4 Units Available | Grade-Level Loading | 15’-20’ Eave Height

ONE MORE THING

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