AMB Property plans to sublease the building, Rafael Villamizar, a broker with Grubb & Ellis who was involved in the sale, tells GlobeSt.com. The deal is part of AMB's newly established fund for investing and re-leasing in class C-type properties, Villamizar says.
"They like the logistics of this location [and] the flexibility of the building," says Villamizar, who, along with Grubb & Ellis' Eric Person, represented J.J. Taylor Distributing in the transaction.
Located on six acres at 3505 NW 107th St., the former J.J. Taylor distribution building has adequate land for truck-turning radius and a large area for parking--something that is desirable for industrial facilities, he says.
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