McCraney Property Company Sells Small-Bay Industrial Portfolio
The portfolio sold for $49 million.
The portfolio sold for $49 million.
Cushman & Wakefield secured $9 million in acquisition financing through Principal Life on behalf of the buyer.
Jason Hochman and Ron Granite of Cushman & Wakefield secured $46.3 million in acquisition financing through Argentic Investment Management on behalf of the buyers.
Mike Davis, Rick Brugge, Dominic Montazemi and Rick Colon of Cushman & Wakefield, with assistance by Chris Metzger, Matt McAllister and Rick Etner, represented the seller, Bridge Industrial in the transaction.
The real estate investment management group purchased the 109,497-square-foot building for $44.6 million.
C&W’s Mike Davis, Rick Brugge, Rick Colon and Dominic Montazemi of Cushman & Wakefield represented the seller in the transaction with support from Zachary Eicholtz and Brooke Tulley.
The property is 100% leased to more than 40 tenants ranging from light industrial to athletic and recreational uses.
The four-story buildings total 498,073 square feet.
The eight office buildings total 81,034 square feet.
The building totals 107,304 square feet.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
