Florida IOS Market Moves: September 1 - 24
Florida's IOS market stayed active in September with acquisitions, dispositions, financing, and leasing all making headlines across the state's key logistics markets.
Florida IOS Market Moves: September 1 - 24
The Florida IOS market has been nothing short of active this September, with acquisitions, dispositions, financing, and leasing all making headlines. Here’s a full roundup of the key transactions and the dealmakers who made them happen.
Major Acquisitions
**Dalfen Goes Big in Miami Metro**
- **Transaction**: Dalfen Industrial acquired **7.03 acres** across 375 Northwest 9th Avenue and 1001 Old Griffin Road in Dania Beach for **$13M**.
- **Property**: Two industrial buildings totaling **15,000 SF**.
- **Dalfen Team**: Sean Dalfen, Tyler McElroy, Chris Segrest.
- **Brokers**: Eli Havlik, Tom O’Loughlin, Larry Genet, and Michael Oretsky with **CBRE**.
**Alterra Expands in Sarasota**
- **Transaction**: Alterra IOS bought **11.75 acres** at 7405 286th Street Court E in Sarasota, FL.
- **Property**: **34,000 SF** of building improvements.
- **Alterra Team**: Chris White, Morgan Specht.
- **Brokers**: Robbie Lober and Devin Beeler with **Lober Real Estate**.
**Bay Street Capital Plants a Flag in Tampa**
- **Transaction**: Bay Street Capital, with partner Beerock Holdings, acquired **1.2 acres** at 11302 North Nebraska Avenue for **$1.55M**.
- **Property**: **9,034 SF** building, leased to Royce Bravo Security.
- **Bay Street Team**: Joe Buonopane, Matthew Wiener, Jeremy Stenberg.
- **Beerock Team**: Benjamin Meland.
- **Brokers**: Pablo Vignolo & Raul Pino (Hype Real Estate Group) repped Bay Street; Matthew Martinez (Hype) repped the seller.
**Everwood Closes $10.25M Tampa-Area Deal**
- **Transaction**: Everwood Real Estate Partners acquired **14 acres** at 14159-14201 Black Lake Road in Odessa, FL for **$10.25M**.
- **Property**: **10,934 SF** building, fully leased.
- **Everwood Team**: William Peeples.
- **Brokers**: Peter Cecora & Olivia Brock with **JLL** repped Everwood.
**COARE Industrial Enters Jacksonville**
- **Transaction**: COARE Industrial acquired **2.87 acres** at 321 Lane Avenue North in Jacksonville.
- **Property**: **12,268 SF** low-coverage warehouse.
- **COARE Team**: Stephen Barry, Hansel Rodriguez.
- **Brokers**: Michael Cassidy & Eric Bumgarner with **Colliers** (now marketing for lease).
Key Dispositions
**Bounat Sells 30 Acres in DeBary for $12.275M**
- **Transaction**: Boutique National (Bounat) sold 311 Benson Junction Road to **Strategic Real Estate Partners**.
- **Property**: **30 acres**, 13,450 SF industrial space, active CSX rail spur; formerly a concrete plant.
- **Bounat Team**: Michael Farley, Nick Ganey.
- **Brokerage Role**: Represented both seller & buyer.
- **Additional Note**: Derek Riggleman with **Lee & Associates** is now marketing the property for lease.
**EML Realty Turns Quick Profit on Treasure Coast**
- **Transaction**: EML Realty Partners sold **4.2 acres** at 309 Angle Road in Fort Pierce to **Inkas Group** for **$4.9M**.
- **Property**: **30,060 SF** warehouse. Purchased by EML in August 2023 for $2.85M.
- **EML Team**: Lance Aker, Sophia Anzalone, Kevin Tehan, Gregory Dormitzer, Claudia Duarte.
- **Broker**: Rob Steiner with **Frankel-Ball Realty** repped EML.
Financing
**Criterion & Columbia Pacific Land $180M Refi**
- **Transaction**: Criterion Group and Columbia Pacific Advisors secured a **$180M refinance loan** from **Axos Bank**.
- **Portfolio**: 34 IOS assets, 290 acres across 11 states including Florida.
- **Brokers**: Christopher Peck & Peter Rotchford with **JLL** arranged the 5-year, floating-rate loan.
Leasing
**Patriot IOS leased 4 acres in Lakeland**
- **Transaction**: **Patriot IOS** leased **4 acres** at 5320 North Combee Road in Lakeland, FL to **USA Storage Yards.**
- **Location Advantage**: Immediate I-4 access, a logistics hotspot.
- **Dealmakers**: Hector Delgado (Panther Capital Group) and Tim Hurless (The Avocat Group) repped the landlord.
**Takeaway**
Florida’s IOS market remains **one of the most liquid in the nation**, seeing activity across the full spectrum: acquisitions, sales, refinancing, and leasing. With big names like **Dalfen, Alterra, and Everwood** transacting alongside local players, the Sunshine State continues to be a proving ground for IOS investment.