Transactions


Stoneridge 14 & 15 – Industrial
This was a unique opportunity to acquire 11.96 acres of land off market with favorable land pricing and initiate the design and development process to construct two Class-A, shallow-bay industrial warehouse buildings. We partnered with a development team that has best in class capabilities.

Strategy:

  • Core development in primary market
  • Regional distribution building(s)
  • Infill business park location with barriers to entry, lower risk, and appreciation potential
  • Given rising rental rates, our partner has received numerous inquiries and has observed several sales in the market
  • Fill a void in the market given lack of supply
  • Maximize returns through pro-active disposition strategy to owner/user market
  • Return premium above current, market cap rates