Northmarq completes the sale of a FedEx Ground industrial build-to-suit
FedEx Ground
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.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
