Colliers International’s Orlando office has brokered the sale of a 13-property commercial portfolio in Indiana, Illinois, Wyoming, Florida and Texas. The sales cost was not revealed.
Located across five states, the portfolio totals 715,751 square feet and even more than 80 acres. The deal was structured as a sale-leaseback. The seller, supplier and also leader in motor reliability repair and maintenance FLANDERS, will continue to inhabit all buildings as a tenant and has actually authorized a 20-year lease enabling numerous revival options with the brand-new proprietor.
Joe Rossi and also Nick Hanson of Colliers International stood for FLANDERS in the purchase. The purchaser was not disclosed.
“Industrial purchases have actually been dramatically much more active than any type of other business property kind throughout the pandemic,” claimed Colliers’ Hanson. “And also FLANDERS has actually browsed the pandemic well, that made this an especially excellent chance for the buyer.”
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Published at Wed, 17 Mar 2021 16:10:32 +0000