The property was the former headquarters of the family-owned and operated Rex Discount.
Totaling 144,168 square feet, Building G is now 62% pre-leased. The project is currently under construction and on pace for a December 2021 completion.
Executive Managing Director Ben Eisenberg, Managing Director Thomas Kresse and Vice President Carlos Gaviria represented the seller in the transaction.
The 136,000-square-foot building is fully occupied under a long-term lease to a national provider of packaging products and services.
Joel A. Kattan and Anthony Peragine of SVN Commercial Realty represented the seller, BPL Family, LLLP in the transaction, which closed on September 6. CLICK ON THE HEADLINE FOR MORE
Patience pays off in rapidly changing Airport East Industrial market. CLICK ON THE HEADLINE FOR MORE
According to Sperry Van Ness, the sale represents one of the highest prices per square foot for a warehouse over 100,000 square feet in the Airport East sub-market within the past five years. CLICK ON THE HEADLINE FOR MORE
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