Tom Young with NAI Horizon tells GlobeSt.com that the new owners plan to use the 310 S. 24th Ave. warehouse and industrial property as the new home for its manufacturing operation. The firm produces animal bedding and other animal related products.
"It was a good fit for both buyer and seller," said Young, who sealed the multi-million deal just three weeks after the new owners first saw the property, which includes 128,000 sf of warehouse and industrial space.
Feeder's Grain Co., which used the site for grain storage, put the property on the market as surplus after it closed up operations. Young, who represented the seller in the transaction, said the new owners plan to lease some of the space. The buyer in the deal was self-represented.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
