Joshua Bond’s Post

"Tenant Acquires San Jose Ground Lease for $10M" Read the full article below..

PURCHASED OFF-MARKET | Bunnings Shellharbour (Albion Park) On behalf of our #private #foreign #investor client, Tas Costi , Jacky He 贺奕升 and Zackery Harkins have just #exchanged on #Bunnings #Shellharbour for $40,600,000. This transaction, purchased on an initial #yield of 4.89% which increases to over 5.02% by January 2025, represents the #largest Bunnings Warehouse to exchange hands in New South Wales in over three years and largest nationally since early 2023. The #property occupies a highly strategic 32,000+ square metre site and offers 13,120 square metres of GLA. Bunnings opened in 2018 and offers outstanding security of #income and tenure, offering a WALE of ~6 years, with further extensive option periods to 2078. Jacky He 贺奕升 comments “Asian investors are increasingly seeking generational assets with reputable tenants like Bunnings, whose strong covenant and proven market resilience make them ideal for high-growth areas like Shellharbour.” It was a pleasure dealing with James Douglas and Jack Tourish of CBRE who brokered the deal on behalf of Charter Hall. Read the article here: https://lnkd.in/gm8g9BqU Tas Costi Jacky He 贺奕升 Zackery Harkins Simon Cohen Shani Costi Sasha Rodriguez Lachlan Kahl Veronique Schwind

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

££££ RENAKER A 60-storey building at the £741m Trinity Islands and the 40-floor Parkside in Salford’s Greengate district provide a total of 1,049 homes. Canadian investor Starlight Investments has acquired the two buildings from Manchester-based developer Renaker as part of a £500m deal. Starlight has also snapped up a 492-home scheme in Basildon.

Monarch Commercial Advisors represented the buyer on a new construction 7/11 in Merced, CA. Our buyer was an existing relationship and in a 1031 exchange on the sale of property in the Central Valley. We had originally targeted another asset that didn’t work out and were able to pivot to this deal to get the 1031 completed. Key Takeaways: 1.     A real-time deal matrix is critical on a 1031 Exchange so you can target another deal if anything goes sideways. It’s also critical to get started well before the downleg closes. 2.     Broker relationships are paramount: Bryan Cifranic and Shane Anderson gave us good counsel and candid feedback on how to get control of and close the deal. I’ve known both of these guys for a long time and they were pros in getting the deal done. 3.     Vet the development (in addition to the deal): this often gets overlooked when we slam new construction, single tenant retail property to buyers. This was a larger center with multiple tenants and a fairly complex CC&Rs. The developers had not only built beautiful product but also contemplated the single tenant spinoff, and everything checked out. 

An inspection invite leads to a $200 million acquisition by 888 Property Group An agent I deal with regularly called me to take me for a drive west of Melbourne to inspect a site, upon seeing the infrastructure and quality of development made me think this is something I need to be a part of, within 20 minutes the deal was done Mike King, told The ASEAN Developer. 888 Property Group annouce acquisition of two prime land parcels, 562 to 600 Leakes Road in Bonnie Brook and 687 Hopkins Road Truganina brokered by Zaynoun Melhem of RPM GRP, Andrew Macqueen and Cameron Hunter of X Commercial. “As we move forward, it’s time to roll up our sleeves and get to work. These acquisitions will allow us to contribute significantly to Melbourne’s urban fabric, ensuring that both residential and industrial needs are met in this vital part of the city,” Mike King, Founder and Managing Director of 888 Property Group said. The company’s commitment to sustainability and quality is evident in its ongoing projects, which prioritise environmentally responsible development practices. By focusing on creating well-planned communities that offer a high standard of living while addressing industrial demands, 888 Property Group is setting a benchmark for future developments in Melbourne. Read more on The Industrialist - https://lnkd.in/gCVZyrVs Tim Hyland Phillip Nguyen Stuart Macqueen Owen Zhang Daniel O'Brien Steve Williams Gary Dunne Imogene Schaefer Peter Grant Peter Neale Clinton Trezise Rodney Anderson Simon Brinkman COMMO The ASEAN Developer #industrialsold #industrialrealestate #vicre #victoriarealestate #realestatenews #melbre #landdevelopment #realestatedevelopment

AND Property & CPN Commercial Group Pty Ltd achieve joint industrial transaction - Melbourne A prime industrial asset located at 66- 70 Dohertys Road, Laverton North sold by Ricardo Cappelletti, Co-Founder and Director of AND Property and Peter Daris, Managing Director of CPN Commercial Group Pty Ltd. Despite a challenging market environment, the sale exemplifies both agencies' commitment to delivering outstanding results for their clients. The teams’ expertise and strategy were pivotal in getting the deal across the line, said Ricardo Cappelletti, Co-Founder and Director at AND Property. “The collaboration between the agencies was exceptional, and it’s rewarding to see this deal come to fruition for everyone involved,” Ricardo Cappelletti, added. “The negotiations involved lots of moving parts, and we are delighted to finalise the sale of this asset, which represents our commitment to delivering outstanding service and results for our clients” added Peter Daris, Managing Director at CPN Commercial Group Pty Ltd. Read more on The Industrialist - https://lnkd.in/g7ZVjKig Ricardo Cappelletti Bryce Pane Ben Quennell Daniel Barr-Waanders Chris Pane Jamie Blackburn #melbournerealestate #melbournemarket #melbre #industrialrealestate #industrial #industrialnews #industrialoccupiers #industrialinvestment

TA Realty has purchased a four-building industrial park totaling 505,436 square feet in Opa-Locka, Fla., outside Miami. Link Logistics previously owned the asset: https://lnkd.in/eZ_5RGpM

Builders FirstSource, Inc. announced that it has entered into a definitive agreement to acquire Alpine Lumber. Founded in Englewood, CO, by the Kurtz family in 1963 and subsequently converted to a 100% employee owned and operated company, Alpine has 21 locations serving homebuilders and contractors in the Front Range of Colorado, western Colorado, and northern New Mexico with a broad product range including prefabricated trusses, wall panels, and millwork. Hamid Taha, CEO of Alpine, stated, “This transaction rewards the long history of dedication by Alpine’s employee owners and positions the combined business to provide a wider range of product categories and superior service to our customers. We are thrilled to join the Builders FirstSource team, and I know we have a bright future together.” https://lnkd.in/gZQCWjQ8

Family timber merchant Edmund A Stephens, located close to Liverpool docks, invests in second site in Wirral despite seeing annual revenues fall 24% to £16.6m