Industrial Outdoor Ventures

We just closed on this acquisition in Channahon, and it’s in the news. Read all about it: REjournals: https://lnkd.in/gzWVRuUh CHICAGO BUSINESS JOURNAL: https://lnkd.in/gy64msf9 connectcre: https://lnkd.in/gaZRKmtV REBUSINESS ONLINE: https://lnkd.in/gCky33Ce citybiz: https://lnkd.in/e3uM_YPh Tom Barbera | Nick Firth | Raymond Keeler, CFA | Eric Johnson, MBA | Anthony DeLaurentis | Benjamin Backer | Mike Rotolo | Tina Torossian | Cawley CRE | Joshua Hearne, SIOR | Andrew B. | Reinier Pranger | Pat Stanton #industrialoutdoorstorage #ios #industrialrealestate #maintenancefacility

Industrial real estate was the only sector to see pricing gains in September, according to MSCI Inc.'s most recent RCA CPPI National All Property Index. Paul Bubny of Connect CREl prices increased 6.7% year-over-year. https://lnkd.in/g2xUABNz

CoStar's Adrian Ponsen shared an analysis of the 87-market Costar Index that looks at all elements of the national industrial marketplace. The key point made from the outset of the piece was that the market's weakness is nearly over. To reinforce that point, the national vacancy rate increased, but at a far slower pace. In 3Q the vacancy was up 14 bps to 6.63%. However, that 14 bps increase was significantly lower than the 48 bps average decline that occurred the previous four quarters. https://lnkd.in/gJChxBYP

The largest industrial real estate landlord, Prologis, believes stagnant demand and rent growth have reached a low point--and that's good news for 2H2025 according to people like the firm's CFO and Dan Letter. This Bisnow article by Matt Wasielewski also cites Cushman & Wakefield stats that show vacancy growth is slowing. https://lnkd.in/gJ92Yv-c

CLOSED! IOV just acquired 24251-24311 Riverside Drive in Channahon, IL. The 10-AC service center property (our second in Channahon) shows our commitment to the infill markets in and around Joliet. The asset’s greatest attributes: close proximity to the BNSF and UP Intermodals as well as Interstates 55 and 80. We’re excited to name Joshua Hearne, SIOR, Andrew B. and Reinier Pranger with Cawley CRE as the exclusive leasing representatives. Thank you to Pat Stanton of Patrick Commercial who represented the seller in the transaction. Tom Barbera, Nick Firth, Raymond Keeler, CFA, Eric Johnson, MBA, Anthony DeLaurentis, Benjamin Backer, Mike Rotolo, Tina Torossian https://lnkd.in/e3uM_YPh

There are many signs that the industrial market is on a course of positive trajectory. This GlobeSt.com piece points to absorption reaching 100 million square feet as a harbinger for a further improved market in 2025 as the delivery of new space slows further and leasing velocity picks up. This, according to the Cushman & Wakefield report will keep the vacancy rate, which has been on the increase, below the 10-year, pre-pandemic norm of 7.0%. https://lnkd.in/gy68NcqD

The pendulum is in full swing in the Inland Empire industrial market as the level of new construction has reached levels that haven’t been seen in just over 10 years. CBRE pegs new construction activity at just over 11.0 million square feet, according to an article in Bisnow written by Bianca Barragan. The reason for the slowdown is the expense, said Ian Britton (CBRE). Among the others cited in the article that looks closer at market conditions are Jay Tanjuan, CCIM of Scannell Properties who says activity is frozen, and The piece also looks at some of the political issues impacting the market, with a perspective from NAIOP SoCal President Tim Jemal. The bottom line according to Tanjuan is “There’s a lot to like about Southern California industrial in the long term…” https://lnkd.in/dsAaMUAd

After attending the inaugural National Association of Industrial Outdoor Storage Conference (co-hosted by Contractors, Closers & Connections (CCC)! in Atlanta, IOV’s CEO Tom Barbera highlighted the benefits of the conference and the organization as a means for participants to build relationships, discuss opportunities, and have good conversations with friendly competitors. With a concentrated, niche-oriented membership NAIOS gives investors and occupiers a single voice for advocacy. https://lnkd.in/dy55AN8s

It’s the old story about the tortoise and the hare. According to a new report by Cresa’s Craig Van Pelt, cited by this news story in GlobeSt.com, industrial markets around the country that expanded rapidly to meet anticipated market demand are not faring as well as those markets that were more methodical and measured in their expansion. Among the now tighter markets are Cleveland, Richmond, and Milwaukee. Those that have seen vacancy increases include Austin, Phoenix, and Las Vegas. The Cresa report also identified landlord-friendly markets like Toledo, Cleveland, Knoxville, Madison, Fort Wayne, and New Orleans. Some of the tenant friendly markets cited include Austin, Inland Empire, Reno, Boise, Salt Lake City, and Charleston. https://lnkd.in/gxZxksdn

JUST LEASED! IOV is pleased to welcome Fortiline Waterworks, one of the nation's largest distributors of underground utility products to our facility located at 1361 Dean Forest Rd in Savannah, GA. The site consists of a 5,692 SF shop/office with four oversized drive-in doors on 4.5 acres. Thank you to Sebastian Findlay, SIOR and Zachary Zakas with Colliers for representing IOV in the transaction. We'd also like to thank Ashley W. Smith, SIOR, CCIM and Tammy Lomonaco with Colliers for representing the tenant. Tom Barbera, Nick Firth, Eric Johnson, MBA, Anthony DeLaurentis, Benjamin Backer, Robert Chase, Mike Rotolo, David Laser, Tina Torossian #industrialrealestate #industrialoutdoorstorage #ios #industrialservicefacility #storageyard #equipmentmaintenance