Small Bay Daily - October 22 - Ziff RE Partners sells flex industrial park in Indianapolis for $18.1M

Good morning. Welcome to Small Bay List!

Today’s issue is sponsored by Sapphire — supporting industrial real estate operators with tailored financing solutions.

Now, let’s get to it!

NEWS ROUNDUP

DISPOSITION: Ziff RE Partners sells flex industrial park in Indianapolis for $18.1M. Ziff Real Estate Partners (ZRP) has completed the successful disposition of 2401-2495 Directors Row in Indianapolis, Indiana. The property features a multi-tenant flex industrial and office park totaling 214,200 SF across 8 buildings. ZRP acquired the park in 2021. Forest Bender and Gus Poulos with The Bender Group at Marcus & Millichap represented ZRP in the transaction. Christian Chamblee and Kayla Hamilton led the ZRP deal team.

ACQUISITION: Decker Capital, Simi buy small bay portfolio in Houston. Decker Capital, in partnership with Simi Capital Group, has acquired 5829 West Sam Houston Parkway North and 600 Sam Street in Houston and 18035 West Little York Road in Katy, Texas. The multi-tenant portfolio totals approximately 360,000 SF and was assembled entirely off-market with all 3 acquisitions closing on the same day. Shane Decker and Peleg Amzalag led the Decker deal team. The Simi deal team included Jacob Diamond, Andrew Skydell, and Jacob Singer. Chaim Friedman with Sapphire Industrial Lending facilitated the financing.

ACQUISITION: CoreOne Industrial buys multi-tenant industrial in Richmond, VA. CoreOne Industrial has acquired 7400 Impala Drive and the adjacent 3007 Vernon Road in Richmond, Virginia. The properties feature a 221,056 SF multi-tenant industrial facility on 9.94 AC and a 3.26 AC industrial outdoor storage (IOS) site, respectively. The CoreOne deal team included Robert DePiero, Joe Burton, and Corey Isdaner. Bo McKown with Cushman & Wakefield | Thalhimer facilitated the transaction. Gary McGlynn and Jason Smith with Northmarq arranged the financing from ArrowMark Partners.

LEASE SIGNED: Metz Industrial Group leases small bay space in Linden, NJ. Metz Industrial Group (MIG), in partnership with Bussel Realty Corp, has facilitated the leasing of 5,200 SF of industrial space at 817 East Linden Avenue in Linden, New Jersey. The new tenant is Villani Bus Co. Jordan Metz, Benito Abbate, and James Friel with MIG represented both the tenant and the landlord in the transaction.

FINANCING: Largo provides $4.15M bridge loan for small bay asset in Riviera Beach, FL. Largo Capital, in partnership with BEB Capital, has originated a bridge loan for the acquisition of 3301 and 3519 Avenue K in Riviera Beach, Florida. The property features a 32,259 SF industrial asset. The borrower was Workman Real Estate Ventures. Arjun Arora led the Largo Capital deal team.

PEOPLE MOVES: BKM Capital Partners names Chief Investment Officer, Partners. Brett Turner has been tapped to serve as BKM Capital Partners’ Chief Investment Officer. Founder and CEO Brian Malliet previously held this role. Brett has served as the company’s Senior Managing Director of Acquisitions and Dispositions and has played an integral role in building BKM since 2013. The company has also announced that Mason Waite, Mike Valdes, and Susan Rounds have become Partners.

FROM OUR PARTNERS

As experienced industrial operators, we understand the unique dynamics of Small Bay assets. Our high leverage lending solutions are designed for Industrial, providing the flexibility investors and operators need to execute on their business plan.

SMALL BAY PROPERTIES FOR SALE

Click on each photo for more information.

33,000 SF | 1.66 AC | 2 Buildings | 17 Units | 95.8% Occupied | 21 Drive-in Doors | 3-Phase Power | Controlled Access | 16-18’ Clear Heights | Close to TX-6, I-10, Beltway 8, and Energy Corridor

41,769 SF | 2.388 AC | 2 Buildings | 17 Units | Fully Occupied | Masonry Construction | 12’ Clear Height | 20 Drive-in Doors | 122 Parking Spaces | Close to I-294 and I-94 in Sky Harbor Industrial Park | ASKING PRICE: $4,150,000

27,000 SF | 1.97 AC | 5 Suites Ranging from 1,800-10,850 SF | 100% Occupied to Tenants on Gross Leases (Value-Add Opportunities) | Each Suite Has Ait-Conditioned Warehouse Space, Office Space, Restrooms, and Roll-up Doors | Close Proximity to I-35, US-183, US-290, the New SH-130 Toll Road, and Downtown Austin | ASKING PRICE: $5,250,000

SMALL BAY PROPERTIES FOR LEASE

Click on each photo for more information.

4,014 SF Available | Ideal for Flex, Light Industrial, Showroom, Storage, or Specialty Auto/Garage-Style Operations | Located Near I-35W/TX-114 Interchange | Surrounded by Large-Scale Distribution Centers and Logistics Users

2,880-5,745 SF Available | 13.5’x9.4’ Garage Bay | New Parking Lot, Exterior Lighting, and Upgraded Monument Signage Installed in 2025 | Excellent Highway Access

850-1,700 SF | 2 Units Available | 20’ Ceilings | 16’ Grade-Level Doors | Less Than 1 Mile West of I-95

ONE MORE THING

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