JDM Partners’ Post

Small Bay Daily for December 10: ➡ Infinity Properties buys Atlanta area industrial park for $17.5M ➡ Redfearn Capital buys 2 small bay assets in South FL for $10.8M ➡ Clear Height Properties/Long Wharf Capital buy Chicago area midbay warehouse ➡ Evergen Equity, LLC sells shallow bay in Salt Lake City, UT ➡ B&D Holdings buys shallow bay asset in NYC metro area 📖 Why multi-tenant shallow bay properties are in demand 6️⃣ Six new small bay deals Newsmakers: Shane Decker | Brett Schlacter | Peleg A. | Tony Morelli | Nelson Mendoza | Alex Redfearn | Bill Lussow, SIOR | Matt Kelly, SIOR | Terry Herlihy | Mark Baumhart | Harrison Taylor, MBA | Troy Marcus | Patrick Dowell | Kyle King | Omar Hossain | Michael King | Kip Paul | JT Redd | Martin Segal | Jack D. Shulman | William Anson | Kevin Langtry | Max Custer Deals from: Chad Gottsegen | Mark Faeth | Nick Terry, SIOR, CCIM | Max Fisher | Thomas Pfeiffer | Chet Barber | Kyle Alldredge | Christian Stallkamp | Katherine (Kat) Gemmecke | Austin Stebbins, MBA #smallbay #shallowbay #industrial https://lnkd.in/eWzFbuAH

Property acquisition can be daunting. After closing last month for the Larchmont property, one of ROM's only commercial properties, it took us much longer than anticipated to get the building running smoothly. The tenants were distrustful after repeated sour experiences with the prior owner. More than half the keys didn't work. Temporary permits expired. No instructions on the security system were given. Existing building vendors were tough to track down. The building clearly ran on unwritten institutional knowledge. Persistence and simple people skills got us through these issues. We took the challenges as an opportunity to document every step and occurrence after the acquisition's close. A working internal guide for future acquisitions will help our team better understand the scope of work and anticipate roadblocks, increasing stakeholder value and keeping spirits high.

We’re pleased to announce Arch Street’s new acquisition of a single-tenant distribution facility, strategically located in the Northeast. This Class A property was developed in partnership with a global real estate firm and will be build-to-suit and fully leased to a publicly traded company. “We’re excited to acquire another high-quality distribution center and, simultaneously, achieve a favorable portfolio execution,” shares Gautam Mashettiwar, Executive Vice President at Arch Street. Read more here: Link to press release → https://lnkd.in/gTgzazVQ

Fund II is growing!

Sale-leaseback of a 44,232 s/f manufacturing/warehouse/distribution building for $5 million. Dover, NH Real Estate firm negotiated the recent sale-leaseback of 111 Venture Dr., a 44,232 s/f manufacturing/warehouse/distribution building on 8.03 acres in Enterprise Park, for $5 million. In a strategic financial move, ForwardMerch divested the property while securing a leaseback arrangement for a duration of seven years on a triple-net basis. Despite prevailing high interest rates, the investment opportunity garnered significant attention from multiple prospective buyers, underscored by the presence of a local tenant. This acquisition marks Redstone’s second venture in New Hampshire. https://lnkd.in/eNBPn9gW #soldporperty #propertyinvestment #milliondollarlisting #warehouse #manufacturing #distribution #industrialbuildings #industrialrealestate #realestatedeals #industrialrealestateupdates

We are pleased to announce our latest acquisition: 1060 N. Garfield, a 49,995 SF high-quality, multi-tenant industrial building in Lombard, IL. Key highlights: ✅ Sourced off-market ✅ Prime location in the West Suburbs submarket of Chicago ✅ 19' clear height with dock-high and drive-in doors for each suite ✅ Fully occupied by five tenants This strategic acquisition strengthens our presence in the highly sought-after West Suburbs submarket. Lombard's prime location offers tenants: ✅ Proximity to major thoroughfares like North Avenue ✅ Easy access to I-290 and I-355 ✅ Convenient routes to O'Hare area and affluent western Chicago suburbs ✅ Attractive net rents comparable to neighboring areas Additionally, the property's exceptional features, including its rare 19-foot clear height for a multi-tenant building, set it apart in this competitive market. Per Kiefer Price, Director of Acquisitions: "This transaction exemplifies our ability to leverage strong broker relationships and act swiftly on off-market opportunities. The property's exceptional features and strategic location in DuPage County position us well for long-term value creation." Thank you to our Chicago Faropoint team - Kiefer Price, Ahmed Chapsi, Scott Chiero, Maddy Austin & Joe Shea - who worked diligently to secure this opportunity. We extend our gratitude to Brian Silverman of JBS Commercial Real Estate for his instrumental role in facilitating this transaction. --- ⏩ Follow Faropoint for the latest insights at the intersection of industrial real estate and technology. #ReimaginingRealEstate #IndustrialRealEstate #IndustrialCRE #Acquisition #Faropoint #LastMile #IndustrialInnovation #RealEstate Jordan Nathan (Kovalsky)

Longpoint Realty’s $27M Warehouse Acquisition Fuels South Florida’s Industrial Boom – What’s Next for the Region? Longpoint Realty Partners has strengthened its presence in South Florida's booming industrial sector by acquiring three fully-leased warehouses in Medley for $27.2M. The 114,000-square-foot property is leased to a logistics company, highlighting the ever-increasing demand for industrial spaces in this high-growth region. This acquisition is a key part of Longpoint’s strategic plan to invest in high-quality, income-generating assets in top markets. As the logistics and distribution industries continue to thrive, we can expect more opportunities for growth and expansion across the South Florida market. What are your thoughts on the future of industrial real estate in South Florida? Source: CRE Daily ▶ https://lnkd.in/g2YVqJzZ __________ SRS Industrial Transaction Coordinator: Ashley Allen #SRSIndustrial #IndustrialRealEstate #LogisticsGrowth #SouthFloridaRealEstate #CommercialInvestments #Warehousing #CRE #LongpointRealty #IndustrialExpansion #PropertyInvestment

🚀 Unlock the Potential of Your Existing Property! 🚀 Why take on the expense of new acquisitions when you could be maximizing the land you already own? We just completed a project in Long Beach, converting garage parking into 2 modern ADUs—allowing the owner to earn top rents without needing to buy more real estate. Adding units to an existing property is a smart, cost-effective way to expand your portfolio and increase rental income. In today’s high-priced market, this approach provides incredible value for any real estate owner looking to grow. If you’re ready to explore how much more your property can do for you, let’s connect! #ADU #RealEstateGrowth #LongBeach #LAProperty #MaximizeYourSpace #RolenConstruction

𝐅𝐫𝐨𝐦 $𝟑𝟔𝐌 𝐭𝐨 $𝟕𝟎𝐌: 𝐂𝐨𝐩𝐩𝐞𝐫 𝐑𝐢𝐝𝐠𝐞 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐑𝐞𝐧𝐭𝐨𝐧’𝐬 𝐆𝐫𝐨𝐰𝐭𝐡! Copper Ridge, a 325-unit apartment community in Renton’s city center, has been acquired for $70.7 million(~$218K/unit). The property was previously purchased in 2014 for $36.5 million, underscoring the growth and demand in this thriving market. 𝐖𝐡𝐲 𝐑𝐞𝐧𝐭𝐨𝐧? 🌟 Strong economic fundamentals & future growth potential 📍 Prime location near major employment hubs: Seattle, Bellevue, and South King County 🛍️ Premier retail destinations: Southcenter Mall & The Landing 🏈 Growing sports appeal: Seattle Seahawks HQ and Seattle Sounders FC facility This acquisition highlights Renton’s continued emergence as a key hub for housing and employment opportunities. https://lnkd.in/gg8-PRFv #pnwrealestate #pnwmultifamily #pacificnorthwestrealestate