B&D Holdings Acquires 29 AC Sun Belt IOS Portfolio From Stonelake

B&D Holdings closed a 6-property, 29-acre IOS portfolio spanning Atlanta and Dallas-Fort Worth, acquired from Stonelake Capital Partners. Also: Westlake Realty lands an AT&T-leased Clovis CA site for $8.35M at a 7% cap rate, Dalfen closes off-market in Houston, and IG Logistics makes its Atlanta debut.

B&D Holdings Acquires 29 AC Sun Belt IOS Portfolio From Stonelake

IOS Market Pulse: March 17-20, 2026

B&D Holdings closed the week's biggest deal: a 6-property, 29-acre IOS portfolio spanning Atlanta and Dallas-Fort Worth, acquired from Stonelake Capital Partners with a CBRE team led by Jonathan Bryan. Also this week: Westlake Realty Group lands an AT&T-leased Clovis, CA IOS site for $8.35M at a 7% going-in cap rate; Dalfen Industrial closes an off-market Houston buy via KSR; IG Logistics makes its Atlanta debut in Norcross; and Catalyst adds a DC-area off-market site. Plus one lease signed in Tennessee and a new hire at APEX.

🏆 The Headliner: B&D Holdings Takes Down 29 AC Sun Belt Portfolio

B&D Holdings Acquires 6-Property, 100% Leased IOS Portfolio From Stonelake Capital Partners

B&D Holdings closed a six-property IOS portfolio acquisition totaling 29 acres across two of the most active Sun Belt markets: Atlanta and Dallas-Fort Worth. All six assets are 100% leased. Stonelake Capital Partners sold the portfolio via a CBRE deal team. Mike Burney led the B&D side of the transaction. The buy spans three Atlanta yards plus three DFW infill locations - a cross-market play that signals B&D's continued conviction in Sun Belt industrial demand.

**Transaction Details:**

**Purchase Price:** Undisclosed
**Portfolio:** 6 IOS properties | 29 acres total
**Occupancy:** 100% leased at close
**Markets:** Atlanta, GA (3 sites) + Dallas-Fort Worth, TX (3 sites)
**Seller:** Stonelake Capital Partners
**Buyer Lead:** Mike Burney, B&D Holdings
**Seller Broker:** Jonathan Bryan, Elliott Dow, and George Fallon - CBRE

Portfolio Breakdown

Market Address

**Atlanta, GA** 200 Mendel Drive

**Atlanta, GA** 2300 Peachtree Road

**Atlanta, GA** 20 Selig Drive

**Arlington, TX** 627 112th Street

**Lewisville, TX** 500 Huffines Boulevard

**Grapevine, TX** 340 West Northwest Highway

🔥 Other Deals That Closed (March 17-20, 2026)

DEAL #2: Clovis, CA

Westlake Realty Group Acquires AT&T-Leased IOS Site for $8.35M at 7% Cap

Westlake Realty Group picked up a 7.31-acre IOS facility in Clovis, California, fully leased to AT&T since the site was built in 2000. The property serves as AT&T's primary hub for fiber, wireless, and network infrastructure deployment across California's Central Valley - a mission-critical use with long lease term and two extension options remaining. Going-in cap rate of 7% on a credit tenant in a market with real infrastructure investment behind it. Kristina Chang led the Westlake deal team. Golden Lion Capital Investments brokered the deal, with Lyman Phillips and Jack Wood representing the buyer.

PROPERTY

3375 Peach Avenue, Clovis, CA

SITE

7.31 acres

IMPROVEMENTS

13,200 SF warehouse + truck maintenance shop; 15,000 SF office

PRICE

$8,350,000 (7% going-in cap rate)

**Tenant:** AT&T (fully leased since 2000; Central Valley network operations hub)
**Buyer Lead:** Kristina Chang, Westlake Realty Group
**Brokers:** Lyman Phillips and Jack Wood, Golden Lion Capital Investments (buyer-side)

DEAL #3: Houston, TX

Dalfen Industrial Closes Off-Market IOS Buy in Houston via KSR

Dalfen Industrial acquired 10701 Todd Street in Houston - a 2.68-acre, low-coverage industrial site with 23,508 SF of building area - in an off-market transaction facilitated by Kassin Sabbagh Realty. Seller was Beeson Properties. John Lettieri and Kyle Weldon led the Dalfen deal team. KSR's Emil Shabot and David Warren ran point for the off-market execution.

PROPERTY

10701 Todd Street, Houston, TX

SITE

2.68 acres

IMPROVEMENTS

23,508 SF industrial building

PRICE

Undisclosed

**Seller:** Beeson Properties
**Buyer Leads:** John Lettieri and Kyle Weldon, Dalfen Industrial
**Broker / Deal Team:** Emil Shabot and David Warren, Kassin Sabbagh Realty (KSR) - off-market

DEAL #4: Norcross, GA (Atlanta MSA)

IG Logistics Closes First Atlanta Acquisition - MHC Kenworth-Leased Site in Norcross

Imperium Capital's IG Logistics closed its first acquisition in the Atlanta MSA at 1924 Graves Road in Norcross - a 3.89-acre IOS facility with an 8,000 SF industrial service facility currently leased to Murphy-Hoffman Company (MHC Kenworth). Thomas Mammolito sourced the opportunity and led the deal team alongside Daniel Glaser.

PROPERTY

1924 Graves Road, Norcross, GA

SITE

3.89 acres

IMPROVEMENTS

8,000 SF industrial service facility

PRICE

Undisclosed

**Tenant:** Murphy-Hoffman Company (MHC Kenworth) - 100% leased
**Note:** IG Logistics' first acquisition in the Atlanta market
**Buyer Leads:** Thomas Mammolito and Daniel Glaser, IG Logistics (Imperium Capital)

DEAL #5: Landover, MD (Washington DC MSA)

Catalyst Investment Partners Acquires Off-Market DC-Area IOS for $4.925M via Greysteel

Catalyst Investment Partners added a 1.78-acre IOS property in Landover, Maryland for $4.925M in an off-market transaction. The 18,100 SF industrial facility at 3839 Ironwood Place sits in Prince George's County, a supply-constrained submarket where infill IOS sites rarely trade publicly. The deal was sourced and executed off-market by Greysteel's Derrick Cohen and Zach Benlemlih, who represented Catalyst as buyer. The seller was All Roads Trucking.

PROPERTY

3839 Ironwood Place, Landover, MD

SITE

1.78 acres

IMPROVEMENTS

18,100 SF industrial facility

PRICE

$4,925,000

**Seller:** All Roads Trucking
**Buyer:** Catalyst Investment Partners
**Broker / Deal Team:** Derrick Cohen and Zach Benlemlih, Greysteel (buyer-side, off-market sourcing)

DEAL #6: McKinney, TX (DFW Metro)

Rockbrook Equity Acquires Future IOS Conversion Site in McKinney Near New Commercial Airport

Rockbrook Equity acquired 902 North McDonald Street in McKinney, Texas - a 3.94-acre property currently occupied by Dollar General, set to be redeveloped as an IOS facility once the retailer vacates (approximately 90 days). The site is zoned ML (Light Manufacturing) and is minutes from McKinney National Airport, which is expected to begin commercial passenger service this year. Jon Birnbrey and Cole Horowitz led the Rockbrook team. Liam Wagner of Younger Partners represented Rockbrook in the transaction.

PROPERTY

902 North McDonald Street, McKinney, TX

SITE

3.94 acres

IMPROVEMENTS

9,259 SF building (Dollar General, to be redeveloped)

ZONING

ML - Light Manufacturing (IOS permitted)

**Strategy:** Value-add conversion - pave excess land to create full-use IOS facility post-DG vacate
**Catalyst:** McKinney National Airport commencing commercial service in 2026 (major economic driver)
**Buyer Leads:** Jon Birnbrey and Cole Horowitz, Rockbrook Equity
**Buyer Rep:** Liam Wagner, Younger Partners

DEAL #7: Lake Charles, LA

Lee and Associates Closes 5-Property, 6.17 AC IOS Portfolio Sale for $2.3M

Lee and Associates facilitated the sale of a five-property IOS portfolio across Wright Road and BJ Cement Road in Lake Charles, Louisiana. The 6.17-acre portfolio includes seven industrial buildings and was sold to Total Tire Solutions. Tom McGee led the Lee and Associates deal team.

PORTFOLIO

5903, 5907, 5909, 5925 Wright Road + 501 BJ Cement Road, Lake Charles, LA

SITE

6.17 acres (5 properties)

IMPROVEMENTS

7 industrial buildings

PRICE

$2,300,000

**Buyer:** Total Tire Solutions
**Broker / Deal Team:** Tom McGee, Lee and Associates

📝 Leases Signed

#### Lenoir City, TN (Knoxville MSA): Alluvion Partners Leases 2 AC IOS to Refractory Contractor

**Property:** 14395 Hickory Creek Road, Lenoir City, TN
**Site:** 2 acres
**Improvements:** Two 6,000 SF warehouses (12,000 SF total)
**Tenant:** Revolution Industrial Group - Knoxville-based refractory installation and demolition contractor
**Landlord:** Alluvion Partners
**Landlord Lead:** Dean Taylor, Alluvion Partners
**Landlord Rep:** Alex DeRusha and Jay Cobble, Providence Commercial Real Estate
**Tenant Rep:** Clark Gross, Maddox Cos.

👥 People on the Move

#### APEX Adds Southeast Investment Pro

**David Hovis** has joined APEX as an investment professional, with a focus on sourcing IOS opportunities across Florida, Georgia, and the Carolinas. Prior roles include positions at Primer and Franklin Street.

📬 Get Your Deal Featured

Closed an IOS deal (sale, lease, refinance, or development milestone)? We want to feature your deal and team in the next issue.

**Send us:**

Address + market
Acreage + building SF + doors/yard specs
Buyer/seller/tenant (if discloseable)
Full deal team (brokers, capital markets, title/escrow, attorneys, lender, survey/civil, environmental)

IOSJournal | Transaction intelligence and market signals for the industrial outdoor storage sector