NAI partner Maribel Koella along with NAI Collins, Sharp & Koella Inc. office and industrial agent John Dempster and NAI vice president of corporate services Kimberly Kocur represented International Paper in the transaction. NAI has completed more than 150 projects for NAI since 1995. The buyer has not been named.
In order to leverage the sale, the NAI group procured the tenant, Intex, a producer of industrial and consumer rags, sponges and other products. Bringing a tenant to the table put the deal over the top, Koella says. Intex will move 120 employees from its facility in nearby Blount County to the new location in March.
"This project took approximately two years to complete, and we went through several buyers," notes Kocur. The continued persistence and dedication of the brokerage team led to a successful closing."
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.
