Small Bay Daily - October 6 - Firestone Partners, Matterhorn buy small bay asset in Atlanta area

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

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NEWS ROUNDUP

ACQUISITION: Firestone Partners, Matterhorn buy small bay asset in Atlanta area. Firestone Partners, in partnership with Matterhorn Venture Partners, has acquired 4710 Ecton Drive in Marietta, Georgia. The property features a 14,400 SF industrial building with 6 small-bay suites. The transaction marks the partnership’s 2nd Atlanta-area acquisition. Michael East and Marc Hedrick led the Firestone Partners deal team, while the Matterhorn deal team included Matt Kay. Riley Levitt with Wilson, Hull & Neal represented the buyers in the transaction.

ACQUISITION: BKM buys small bay park in Fort Lauderdale, FL, for $57M. BKM Capital Partners, in partnership with Kayne Anderson Real Estate, has acquired Stirling Landing, located at 2201-2385 Stirling Road in Fort Lauderdale, Florida. The portfolio features 7 buildings with 18 units totaling 210,000 SF. Brett Turner and Max Stone led the BKM deal team. Rick Brugge with Cushman & Wakefield represented the seller in the transaction.

DISPOSITION: STL Commercial sells small bay park in Port Saint Lucie, FL, for $4.8M. STL Commercial has facilitated the sale of 1532 and 1562 Southeast Village Green Drive in Port Saint Lucie, Florida. The property features 2 small-bay buildings with 27 suites totaling 37,142 SF. Max Loria and David Richman led the STL Commercial deal team.

DISPOSITION: SLJ Co. sells small bay park in Dallas-Fort Worth metro area. SLJ Co. has facilitated the sale of Still Meadow Industrial Park, located at 1500-1504 South I-35 East and 3105 Lomita Drive in Lancaster, Texas. The buyer was Pintail Partners, led by Joe Berry and Jeremy Brown. Ty Underwood with SLJ Co. represented the seller in the transaction.

DISPOSITION: JLL sells small bay facility in Austin, TX, metro area. JLL has brokered the sale of 109 Benelli Drive in Hutto, Texas. The property features a 25,000 SF multi-tenant building that is fully leased to Copper State Bolt & Nut Co. and Enterprise Electrical. Witt Westbrook, Kyle Mueller, Rob Ellwood, and Patrick Mccord with JLL facilitated the off-market transaction. JLL’s Jack Britton and Scott Dickey assisted with financing.

FINANCING: Cushman & Wakefield arranges $55,465,000 SF acquisition financing. Cushman & Wakefield has closed an acquisition loan for a portfolio of 8 shallow-bay assets in the Boston metro area. The properties total 373,680 SF. Alex Cabria, Keith Singman, and Andy Jackson with SMBC Group provided the financing. The CushWake deal team included Gideon Gil, Heather Brown, Robert Borden, Zach Kraft, Dale Braverman, and Nolan Alexander.

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SMALL BAY PROPERTIES FOR SALE

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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

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

17,820 SF | 1.66 AC | 27 Small Bay/Self-Storage Units Averaging 660 SF Each | Currently 96% Leased | Steel-and-Masonry Construction with Metal Exterior Walls and Roof, Concrete Slab Foundation and Flooring, Metal Roll-up and Swing Doors | ASKING PRICE: $2,400,000

SMALL BAY PROPERTIES FOR LEASE

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1,300-3,600 SF | 3 Units Available | Each Unit Has Private Grade-Level Door Access (14’) | 21’-26’ Clear Heights | 3-Phase Power | Units Combine Open Shop Space with Finished Office and Mezzanine Storage

1,200-4,500 SF Available | Exceptional Access to US-1 and I-95 | Flexible Warehouse Configurations | Grade-Level Roll-up Doors | 18’ Clear Height | Ample Parking | Freshly Painted Walls and Floors

1,860 SF | 4 Units Available | 1 Unit Features Furnished Office | 14’ Overhead Doors | 15’-18’ Clear Heights | Private Restrooms | Convenient Access to Park City, Kamas Valley, and Surrounding Summit Co. Markets

ONE MORE THING

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