Transport Properties locks 55 AC across 5 sites: the portfolio that took 2 years

Transport Properties acquired a five-site industrial outdoor storage portfolio across Dallas, Houston, San Antonio, Austin, and Chicago. The off-market sale-leaseback totals 54.98 acres and 234,563 square feet of industrial improvements.

Transport Properties locks 55 AC across 5 sites

IOS Market Pulse: April 15-18, 2026

🏭 The Headliner: Transport Properties' 5-Site TX/IL Portfolio

Transport Properties acquires 55+ AC IOS portfolio in off-market sale-leaseback

The deal took nearly two years to close and spans five industrial outdoor storage properties across Dallas, Houston, San Antonio, Austin, and Chicago. The portfolio totals 234,563 SF of industrial improvements on 54.98 acres of land, structured as a short-term sale-leaseback. Transport Properties' Timothy McCahill called it an "impossible to replicate" portfolio across top Texas and Illinois locations.

Transaction Details:

Purchase Price: Undisclosed
Portfolio: 5 properties, 54.98 AC, 234,563 SF
Structure: Off-market sale-leaseback, short-term
Seller: Not yet disclosed
Buyer Lead: Timothy McCahill, Principal, Transport Properties
Seller Lead: Not yet disclosed
Broker / Deal Team: Alex Wilson, Principal, Lee & Associates Dallas-Fort Worth (buyer representation); Matt Mullen, Transport Properties; Jeremy Bunnow and Maxwell Maharry, Barack Ferrazzano Kirschbaum & Nagelberg LLP (legal)

Portfolio Breakdown

#### Dallas, TX · DFW Metroplex

1927 West Commerce Street

#### Houston, TX · Houston Industrial

3405 Aldine Bender Road

#### San Antonio, TX · San Antonio MSA

3928 Naco Perrin Boulevard

#### Austin, TX · Austin Metro

8601 Tuscany Way

#### Chicago, IL · Chicagoland

5757 West Ogden Avenue

Open Industrial acquired 1701 and 1801 North Salem Street in Apex, North Carolina, in an off-market transaction. The property features 126,000 SF of office and warehouse space and is 100% leased to Builders FirstSource, a national building products distributor. The acquisition continues Open Industrial's build-out in the Carolinas alongside its Heitman JV partnership.

Key Features: Off-market transaction; Heitman JV partnership asset
Buyer Lead: Elmo Alexander, Managing Partner, Open Industrial; Matt Potolicchio and Chad Pitts, Open Industrial deal team
Broker / Deal Team: Off-market, no external broker disclosed

Crosswest Capital expanded its Northeast footprint with the acquisition of 3367 Gun Club Road in Nazareth, Pennsylvania. The 25,000 SF industrial service facility sits on 10.3 acres in the Lehigh Valley, a logistics corridor benefiting from proximity to I-78 and the broader New York/Philadelphia distribution network.

Buyer Lead: Derek Fish and Ben Andreycak, Crosswest Capital
Broker / Deal Team: Steven Bentolila, Bento Property Group (facilitated transaction)

Alluvion Partners acquired 4406 US-17 in Brunswick, Georgia, in an off-market deal. The 7,340 SF warehouse is fully leased to United Rentals, one of the IOS sector's most reliable tenant categories. This marks Alluvion's continued expansion across the Southeast.

Key Features: Off-market; United Rentals tenant provides stable cash flow
Buyer Lead: Dean Taylor, Founder & Managing Partner, Alluvion Partners
Broker / Deal Team: Off-market, no external broker disclosed

Lee & Associates facilitated the sale of 3251 Jacuzzi Street in Richmond, California. The 3.38-acre property includes a 17,840 SF industrial building in the East Bay's tight industrial market. Buyer: Acapulco Rock & Soul. The deal was brokered by separate Lee & Associates offices representing both sides.

Seller Rep: Alex Peck, Lee & Associates East Bay
Buyer/Dual Rep: Zack Barnes and Dusty Mitchell, Lee & Associates Oakland

Finial Group facilitated the sale of 22930 North Freeway in Spring, Texas, just north of Houston. The 3.033-acre property features a 7,470 SF industrial building in a submarket with strong logistics demand along the I-45 corridor.

Broker / Deal Team: Chase Tucker and Jack Gaffney, Finial Group (buyer representation)

💰 IOS Financing

#### Cooper-Horowitz arranges $51M acquisition loan for GreenPoint Partners / Outpost

Cooper-Horowitz secured a $51M acquisition loan for GreenPoint Partners and its truck parking platform, Outpost. The funding backs the acquisition of a 10.7 AC IOS property in Newark, New Jersey, continuing Outpost's aggressive national expansion of truck terminal infrastructure.

Loan Amount: $51M
Use: Acquisition of 10.7 AC IOS in Newark, NJ
Borrower: GreenPoint Partners / Outpost
Lender Team: Justin Horowitz, Ben Knopf, Josh Tropper, and Richard Horowitz, Cooper-Horowitz

#### San Diego, CA: US Foods leases 3.6 AC truck terminal at Carroll Road

Property: 7191 Carroll Road, San Diego, CA
Site: 3.6 acres
Improvements: 6,300 SF truck terminal
Tenant: US Foods
Landlord: Miramar Capital
Landlord Rep: Evan McDonald, SIOR, Mark Lewkowitz, SIOR, and Kurtis Blanchard, Colliers San Diego
Landlord Team: Brandon Miller, Peter Eichler, and Sallar Tahbaz, Miramar Capital

#### Indianapolis, IN: Leader Properties leases 4.83 AC industrial site

Property: 1850 Production Drive, Indianapolis, IN
Site: 4.83 acres
Improvements: 14,400 SF industrial building
Landlord Rep: Stefani Lazovska, Leader Properties
Tenant Rep: Karan Cheema, Rize Commercial Realty

#### Fort Walton Beach, FL: CBRE leases 2.48 AC to Ewing Outdoor Supply

Property: 627 Anchors Street NW, Fort Walton Beach, FL
Site: 2.48 acres
Improvements: 16,720 SF industrial buildings
Tenant: Ewing Outdoor Supply
Tenant Rep: Anton Grigoriou and Kevin Calihan, CBRE

New Jersey IOS: The Tighest Market in the Country Gets Tighter

Ridgecut Road just paid $37M for 7.81 acres at 200 St. Nicholas Avenue in South Plainfield, with Cushman & Wakefield sourcing both equity and debt financing from a global financial institution. The deal underscores what NAI Hanson's Christopher Todd told Real Estate NJ: "Infill IOS supply in New Jersey is exceptionally constrained, which continues to fuel competition among buyers looking to scale their portfolios."

#### Market Context (April 2026):

Key Deal: Ridgecut Road / 200 St. Nicholas Ave, South Plainfield - 7.81 AC, 30,069 SF, $37M
Financing: Cushman & Wakefield sourced equity + debt from a global financial institution
Broker Team: Jordan Avanzato, Christopher Todd (SMD), and William Ericksen (MD), NAI James E. Hanson
Financing Brokers: John Alascio, TJ Sullivan (Exec Dir), Chris Meloni, Cushman & Wakefield
White Paper: Metz Industrial Group (Bussel Realty) released a comprehensive IOS white paper with detailed New Jersey market data, drawing on two decades of IOS brokerage experience

Local Expert: Christopher D. Todd, Senior Managing Director, NAI James E. Hanson; TJ Sullivan, Executive Director, Cushman & Wakefield

📈 Operating Context

#### Freight markets confirm industrial recovery: truckload costs up 16-17% YoY

C.H. Robinson's April 2026 Freight Market Update reports truckload costs projected up 16-17% year over year, with capacity constraints and carrier attrition sustaining rate pressure even during typically softer seasonal periods. Diesel climbed from $3.72 to over $5.40 per gallon in March, the highest since mid-2022.

Practical takeaway: Rising freight costs tighten logistics margins, increasing demand for strategically located IOS yards that let fleet operators park, fuel, and stage closer to urban demand centers.

#### ISM Manufacturing PMI hits 52.7%: highest in 3+ years

March 2026 ISM Manufacturing PMI reached 52.7%, its highest reading since late 2022. Rail carloads averaged 230,401 per week in March, the strongest March since 2019. Flatbed spot rates hit $3.95/mile, the highest ever recorded, and the ATA For-Hire Truck Tonnage Index surged to 116.2, its highest in three years.

Practical takeaway: Broad industrial recovery directly supports IOS demand: more manufacturing output means more equipment staging, fleet parking, and last-mile distribution yard needs.

👥 People Moves

#### Matthews hires IOS Associate for Southeast expansion

Christopher Bonvillain has joined the Matthews Real Estate Investment Services team as an Associate in IOS investment sales. In his new role, Christopher will focus on IOS properties across the Southeast region. He will graduate from Louisiana State University in May 2026.

Deal Size Target: Not yet disclosed

📬 Get Your Deal Featured

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