Terms of the tile company's lease agreement have not been released, but space in the facility generally leases for about $4.50 per-sf, triple net. Located at 9325 Snowden River Parkway, Snowden Distribution Center was developed in 1968 and has recently undergone a massive upgrade that transformed it into a high-functioning modern property.
Whitehall Industrial Properties senior vice president Mark McConnell notes the new tenant "represents the overall desirability of this state-of-the-art facility." With DAL Tile's extended lease, the center is now 41% occupied.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
