The 306,448-square-foot facility at 5959 West Howard St. was originally constructed in 2015 as a build-to-suit for FedEx Ground, the net-leased property supports distribution in the surrounding markets and features 101 dock high doors on a 39.81-acre site.
Population growth has made the sunbelt states among the most popular markets for multifamily investment this year.
Passco acquired Legacy at the Bay from Carter-Haston Real Estate Services, a Nashville-based private fund and property management firm.
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