Northmarq’s Tulsa office announces sale of FedEx Ground build-to-suit
TULSA (Sept. 19, 2023) — Northmarq’s Senior Vice President Brad Pepin and Associate Mark Grossman, have completed the sale of a 192,800 sq. ft. industrial property leased to FedEx Ground in Bozeman, Montana. Pepin and Grossman represented the seller who developed the property for FedEx. The buyer was a 1031 exchange buyer based in California.
We’re very pleased with the outcome of this transaction, on behalf of our seller,” said Pepin. “Given the credit of the tenant, long lease and high-quality construction, the property was successfully marketed and sold to a qualified tax-motivated buyer, even in the midst of a tumultuous and softening market.”
The property was built in 2023 and is situated on approximately 21 acres. The brand-new facility features tilt-wall concrete construction, a TPO roof and ample space for parking, outdoor storage and future expansion.
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