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Capital Markets Group Completes Sale of 764,550 SF Industrial Center

GREENSBORO, NC:  Cushman & Wakefield | Thalhimer announces that its Capital Markets Group represented CIP Real Estate and Blue Vista Capital in the sale of Airport Distribution Center on Chimney Rock Road in Greensboro, NC.  The property consists of five (5) buildings totaling 764,550 square feet of industrial space and is 87% leased to tenants such as Ralph Lauren, FedEx Office and Bunzl.  Somerset Acquisitions, Inc. purchased the property as an investment for $19,150,000.
     Chris Norvell, SIOR, Scot Humphrey and Bill Simerville of Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the seller in conjunction with John Schultz of Triad Commercial Properties.

Written on April 10, 2014