An affiliate of Lexington Realty Trust has completed the acquisition of a warehouse and light manufacturing building in Lewisburg, TN from Frontier Development II. Terms of the deal were not disclosed by either company. In Lexington's 2Q 2014 earnings release, Lexington Realty Trust revealed that the estimated acquisition cost for the 310,000 square foot building was set for $13,320,000.
Located near the intersection of Garrett Parkway and U.S. Highway 431, 633 Garrett Parkway is a newly-built facility leased to Calsonic Kansei North America, Inc., a Japanese-based global manufacturer of auto parts. The facility, constructed by T.W. Frierson Contractors, will be used as a distribution center with some potential light manufacturing space.
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment