February 22, 2019
Elysian Partners LLC sold the Orgill Distribution Center, a 550,000-square-foot, Class A distribution facility in the East Texas city of Kilgore, TX. W.P. Carey of New York City acquired the 12-year-old asset. The 65.3-acre property is at 7001 Elder Lake Rd., and is currently undergoing a 329,000-square-foot expansion.
Adam Herrin and Stephen Bailey with HFF led the team that represented the Florida-based seller. Elysian Partners has owned the property since it opened in 2007. The sales price was not disclosed, with the Gregg Central Appraisal District valuing the property at $17.9 million.
Orgill is the world’s largest independent hardware distributor. The East Texas distribution facility serves customers in Texas, Louisiana, Oklahoma and southern Arkansas.
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