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300,000-SF Distribution Facility Sells for $9M

PLYMOUTH, IN-A specialty real estate firm based in New York acquires a 300,000-sf distribution facility located equidistant between Chicago and Indianapolis.

By Bonnie Grota | Updated on July 10, 2006

(To read more on the industrial market, click here.)

PLYMOUTH, IN-A distribution facility located at 2935 Van Vactor Way has been acquired by New York-based Lexington Strategic Asset Corp., a specialty real estate company externally advised by a subsidiary of Lexington Corporate Properties. Sales price was approximately $8.9 million.

The distribution facility consists of two single-story warehouse/distribution buildings that are linked by a common walkway and contain an aggregate of approximately 300,500 sf located on an approximate 16.3-acre parcel. The first half of the distribution project was built in 2000, while the rest was completed in 2003.

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