GREENWOOD, MS-Locally based furniture and accessory firm the John Richard Collection has completed its purchase of a 73,659-sf industrial property here. The seller was industrial manufacturer Crane Co, a distributor of plumbing supplies and HVAC equipment.

John Morgan of Philadelphia-based commercial real estate firm Binswanger/CBB represented Crane in the transaction. John Richard Collection was self-represented. Details of the sale were not released.

According to John Richard Collection vice president Shane Malouf, the firm bought the warehouse/manufacturing facility “because it was a good price.” Malouf tells that he is looking for a single tenant to occupy the space on a net lease basis.

Binswanger/CBB is a member of Chesterton Blumenauer Binswanger, an international, full-service real estate organization with more than 160 offices worldwide.

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