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CT acquired the 382-acre property within the Rickenbacker Industrial Park in a joint venture with Walton Street Capital. Construction financing will be provided by Bank of America.
The addition of G&P increases NFI's footprint to more than 300 locations throughout North America, employing more than 12,600 associates. The purchase of G&P further deepens NFI's industry expertise throughout diverse industries such as automotive, tires, retail and textiles.
The new Storage Post Haledon Self Storage facility is located at 45 Kossuth St. and originally operated as a schoolhouse beginning in 1894, but was converted to a self-storage facility in 1994.
Passco is drawn to Atlanta because of its numerous demand drivers, booming employment growth, and a geographic landscape that has fostered an expansive sprawl of desirable places to live and invest.
Terracap says the Kennesaw submarket is amongst the strongest performing markets in the Atlanta metro area, boasting a large professional and medical workforce.
DeBartolo and Encore completed the property in April 2019 and had been moving quickly through the lease-up phase of the property located at 7995 Haven Way in Kissimmee.