The exclusive leasing team for the project, JLL’s Sky Groden, SIOR; Ken Morris, SIOR; and Jeremy Cain, represented Bridge Industrial in the lease transaction. The tenant was represented by Rick Etner and Nicolas Reid of Cushman & Wakefield.
The site currently has a 42,992-square-foot office built in 1990 and a 67,350-square-foot office constructed in 1998.
Built in 1995, the warehouse was previously owned by Cabot Properties, which acquired it in 2019 for $33 million.
Beck represented the seller, Midtown Capital, led by Zach Fox, in the sale. The property was acquired by Adler Properties.
The 25-acre property will soon feature three state-of-the-art buildings ranging from 60,000 to 300,000 square feet.
The transaction stood out due to its unique challenges, including lease complexities, capital markets considerations, and multiple other intricacies that required Von Romer’s expertise and persistence. Von Romer represented both parties in the transaction.
The industrial portfolio includes two single-tenant buildings totaling 98,201 square feet and the self-storage building totals 85,394 square feet.
Berger Commercial Realty Senior Vice President Joseph Byrnes and Sales Associate Daniel Forman negotiated the deal on behalf of the seller.
Maesel has stepped into the role in order to elevate the entire team. With a ‘Deliberately Different’ approach to commercial real estate, the company places culture over production not only with the ROI Group but the rest of the company, which features six offices and nearly 50 advisors.
Completed in 2023, Osprey Logistics Park consists of two state-of-the-art industrial buildings featuring 36-foot clear heights, 180-foot truck courts, 235-foot building depths and 54-foot column spacing.