Northmarq completes the sale of a FedEx Ground industrial build-to-suit
TULSA, OKLAHOMA (January 18, 2023) — Northmarq’s Brad Pepin, senior vice president, and Mark Grossman, associate, have completed the sale of a 196,541 sq. ft. industrial property leased to FedEx Ground in the Pacific Northwest. The buyer was a private investor based in California and was represented by Northmarq’s Colin Couch.
“We’re very pleased with the outcome of this transaction, on behalf of our seller. The market continues to show great interest in quality net lease industrial build-to-suits like this one,” said Pepin.
The property was built in 2022 and is situated on approximately 30 acres. The brand-new facility features tilt-wall concrete construction, Class-A improvements, and ample room for parking.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of more than $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
