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SOLD | $48,250,000 | 125-175 Patullos Lane, Somerton VIC On behalf of our valued Vendor Acure Asset Management Limited, the Cushman & Wakefield Capital Markets Logistics & Industrial team would like to congratulate Cadence Property Group on the successful acquisition 125-175 Patullos Lane, Somerton, VIC for $48,250,000.   The asset sold fully occupied by Steel Mains – Australia’s largest manufacturer and supplier of water pipeline systems, providing a strong lease covenant, secure income and a WALE of 6.8 years by income (as at November 2023). One of the key investment highlights was the ability to acquire an asset significantly underpinned by land value.   The property is strategically located in the growth corridor of Melbourne’s North, immediately adjacent to the Hume Highway being approximately 20 radial kilometres from the Melbourne CBD with seamless connectivity to the broader arterial network. The location offers links to key infrastructure in the Melbourne Airport (12km*) and the Port of Melbourne (26km*), most notably via direct rail link and connection with the Port Rail Shuttle Network.   The asset sold via a Private Placement campaign and attracted interest from a wide cross section of buyers due to the strong tenant covenant, high underlying value and reversionary upside.   For further information on this transaction or to request a sales analysis, please contact Chris Jones (+61 477 881 882), Tony Iuliano (+61 412 992 830) or Adrian Rowse (+61 414 836 817).   #CushWakeCapitalMarkets #Cushwake #Capitalmarkets #Industrial #Logistics #Industrialandlogistics #Investments #Brokerage

CLOSED! NorthPeak Commercial Advisors is pleased to announce the lease of 3863 S Jason St., Englewood, CO 80110. Steve Cummock and Drew Williams of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction. "Having facilitated the property sale, it's now a privilege to collaborate on its leasing strategy," stated Cummock. "Our shared commitment extends beyond transactions; we aim to create a dynamic space where businesses thrive. This venture represents strategic foresight and a commitment to advancing our client's objectives in industrial real estate." For more information on this investment or current market conditions, please contact Steve Cummock at 970-217-0997 or [email protected]. READ PRESS RELEASE: https://lnkd.in/egVXkHgY SALE HIGHLIGHTS 🏠 Address: 3863 S Jason St., Englewood, CO 80110 💰 Lease Rate: $12/SF NNN 📅 Date Closed: December 29, 2023 🏢 Total Units: 1 📐 Property Size: 5,280 SF 🏠 Property Type: Industrial #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate #englewood

Great offering Deno Bistolarides #nnn #nn #justclosed #retail #investments #singletenant #multitenant #stripcenter #listings #dollargeneral #convenience #conveniencestore #convenienceretail #encore #encorecommercialrealestate #encorerealestateinvestmentservices #encorereis

Lowell industrial portfolio sold for $4.7 million. Lowell, MA property had a sale of a three-property industrial portfolio on Phoenix Ave. for $4.7 million. 55 Phoenix Ave. is a 3,600 s/f building on 1.37 acres, 75 Phoenix Ave. is 15,605 s/f on 1.43 acres, and 77 Phoenix Ave. is 14,000 s/f on 7.5 acres although much of that land is unusable. The property had been in the seller’s family for many years and was occupied by a variety of tenants at the time of the sale. The buyer is planning on using a portion of the property for their operations and keeping some tenants in the rest. https://lnkd.in/gQy-Sm5r #soldproperty #milliondollarproperty #warehouse #building #property #propertyinvestment #industrialbuilding #industrialrealestate #industrialproperty #realestate

CoreOne Industrial has acquired 8901 First Industrial Drive, Southaven, MS. The purchase consisted of a 42,050 SF warehouse situated on 3.5 acres, currently occupied by Therm-All and Encore Steel Building Company. The property was sold by local brokers, Hunter Adams and Preston Thomas, SIOR Thomas of Colliers. "Colliers Memphis is thrilled to assist in the sale and purchase of one of the best Industrial/Flex assets in Desoto County Mississippi. Over the last 15 years, 8901 First Industrial has been an ideal property for the seller to grow their business. More recently, as an investment, it has performed remarkably well,” says Hunter Adams, a Vice President at Colliers. “Under the new ownership of CoreOne Industrial, this property promises to continue providing an unmatched place to do business and solid returns for the owners. We welcome CoreOne to the Memphis market and believe they will be just the kind of investor this area deserves. Congratulations to both parties on a great transaction.” Joe Burton, President of CoreOne Industrial, says, “This acquisition isn’t just about owning a property; it’s about planting our flag in a growing region. We’re excited to be part of the Memphis industrial market, which boasts a strategic location, excellent transportation access, and a strong infrastructure for logistics.” Joe continues, “Our team’s strength lies in identifying high-value assets and this acquisition represents a commitment to that process.” Robert DePiero Clifford S. Corey Isdaner Kyle Coven #industrialrealestate #lastmiledelivery #warehouse #commercialrealestate #cre #dealmakers #tennesseerealestate #mississippirealestate #memphisrealestate #memphis #manufacturing #growth #invesmentproperty #markets #desotocounty

LEASED ‘OFF THE PLAN’ | 3,200SQM WELSHPOOL FREESTANDER |10 YEAR LEASE Acting on behalf of Westbridge Funds Management Management, Cushman & Wakefield’s WA Logistics & Industrial division would like to announce a landmark industrial leasing transaction within the inner eastern industrial market, securing Rackman Australia on a 10-year commitment at 11-13 Colin Jamieson Drive Welshpool. The property which was leased off the plan, will upon completion comprise of a 3,200sqm high clearance freestanding industrial warehousing facility, and is now under construction and being built by WA based Sarich Building. Having originally sold the site to Westbridge Funds Management, we are delighted to have assisted in driving additional value for their investors via this repositioning strategy and extend a huge thanks to @alec lambert and his wider team for their support and assistance in this transaction. Welshpool and adjacent core eastern and inner southern submarkets have emerged as focal points for industrial occupier activity, and we hold a robust view that the narrative of rental growth will persist in 2024, supported by the outperformance of the market in terms of take up over the last 12 months and the strong commercial outcome of this specific transaction. Please reach out to any of the Cushman & Wakefield WA industrial brokerage team members below: Ross Palframan | Alec Di Lollo | Emma Quill | Melissa Haines #cushwake #brokerage #warehousing #industrialsales

Denver Industrial Market Update: Jan 26th, 2024 🚨 This last week: 9 new listings, 5 closed deals 🚨 One of the closed deals that took place last week was a 17 property portfolio in the Montbello / East I-70 corridor. A desirable and growing market for big box industrial properties. The portfolio consisted of roughly 856,013 in total SF at a price point of $85.5 million. The portfolio was acquired at a 96% occupancy, in line with its 15 year average. Positioned in close proximity to major highways, rail, and Denver International Airport. This is a very attractive submarket for out of state capital firms, given the more municipality flexibility (outside of central Denver), less congested land, and convenient acccess to major transits. East I-70 corridor is seeing major new construction, both speculative and preleased, showing signs of an emerging market. More outside capital will be deployed into this submarket as it finds its way to one of the top industrial submarkets throughout Denver. (Photo from Cushman & Wakefield)