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Inexperienced Courte Companions has bought an industrial outside storage property totaling 40 acres in Fort Value, Texas, by way of its fifth funding fund, Inexperienced Courte Actual Property Companions V. The vendor was TH Logistics Fund I, a three way partnership between Timber Hill Group and Champion Realty Advisors.
This transaction marks the agency’s entrance into the sector and the launch of Inexperienced Courte’s truck storage working platform dubbed GCP Truck Storage Administration. The property will function a managed truck storage facility.
The IOS property, located in an increasing industrial hall of the Metroplex at 5301 Wilbarger St., additionally features a 1,035-square-foot constructing relationship again to 1955, CommercialEdge exhibits. The 40-acre asset is near Interstate 820 and offers quick access to main routes within the space, akin to U.S. Freeway 287 and Interstate 20, whereas additionally being 7 miles from Fort Value, 10 miles from Arlington, Texas, 17 miles from Fort Value Meacham Worldwide Airport and inside 25 miles of Dallas-Fort Value Worldwide Airport.
IOS sector gaining reputation
The IOS sector has change into increasingly more widespread for traders within the final 12 months. In January, trade chief Alterra IOS bought a 17-property IOS portfolio totaling 350,000 sq. toes unfold throughout 55 acres in 15 U.S. markets. This deal introduced the agency’s portfolio to greater than 200 properties in additional than 30 states.
In April 2023, Centerbridge Companions and Dalfen Industrial shaped a three way partnership with plans to spend money on IOS belongings that present space for storing for car parking, containers, trailers, development supplies and equipment. The partnership’s inaugural buy was a property in Oakland, Calif.
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