Graham & Co. buys NorthPort Logistics Center
Graham & Co. has acquired NorthPort Logistics Center from Real Capital Solutions. The buyer paid $49 million for the property.
Furthermore, Graham & Co drew an undisclosed amount from a $101.4 million line of credit provided by Wells Fargo to finance the acquisition. In 2015, the seller, Real Capital Solutions bought the logistics center from Oakmont Industrial Group for $33 million.
The structure features 32-foot clear heights, 126 dock-high loading doors and two 12-by-16 drive-in doors. The cross-dock facility also includes 60-foot loading bays, 219 trailer stalls and 57 parking spaces.
The property is located at 11530 New Berlin Road in the city’s Northside submarket. It is within 4 miles of two marine terminals. The LEED Silver certified building was constructed in 2009. The property is home to Gildan Activewear and Grimes Logistics.
Source: CP Executive
Fulya Altunyay/ [email protected]