August 14, 2019 Comments Off on L.A.’s Triyar Picks Up 100% Leased Michigan Industrial Views: 365 Chicago News, Midwest News

L.A.’s Triyar Picks Up 100% Leased Michigan Industrial

Order Reprints...

Stan Johnson Company (SJC) completed the sale of Waretech Industrial Park, a multi-tenant industrial building in the Flint, MI suburb of Grand Blanc, MI. The 667,000-square-foot warehouse was fully occupied at the time of sale by three tenants, and traded to Los Angeles-based Triyar Companies for $14.9 million.

SJC’s Rob Gemerchak and BJ Feller represented the seller, Covington Group, a Dallas-based developer. “Upon their initial acquisition, the owner immediately invested in upgrading the structure and building systems which resulted in leasing the property to three quality tenants and creating an outstanding investment opportunity at Waretech Industrial Park,” said Gemerchak.

“Despite its heavy industrial infrastructure, the majority of the property is currently utilized for product storage and regional distribution benefitting from its close proximity to the I-75 corridor,” he continued. “The flexibility in property use bodes well for future potential tenants throughout the building’s lifecycle.”

Connect Chicago Fall 2019 will take place Oct. 29 in Chicago. For more information, or to register, click here.

Connect With SJC’s Gemerchak

Connect With SJC’s Feller

Connect With Triyar

Subscribe to Connect Daily Chicago

For comments, questions or concerns, please contact Paul Bubny

Tags: ,

Comments are closed.