The Missner Team, in a joint enterprise with Greystar-Thackeray, has acquired a 58,174-sq.-foot multi-tenant industrial building in Wheeling, Illinois. The residence, 1-5 Messner Travel, is a warehouse facility in close proximity to Interstate 294 and Willow Street. It is totally leased and attributes a 16-foot apparent height, five inside docks, 3 drive-in doorways, and enough parking.
“We are thrilled to be kicking off our worth-include acquisitions programmatic enterprise with Greystar-Thackeray with the obtain of 1-5 Messner,” reported Tina Ramos, Chief Financial commitment Officer at The Missner Group. Brendan Environmentally friendly and Anne Dempsey of Colliers represented the seller and brokered the sale to The Missner Team and Greystar-Thackeray.
“This partial sale-leaseback with mark-to-market place upside is indicative of what TMG and Greystar-Thackeray will be focusing on shifting forward,” included Ramos. “This transaction leverages each Greystar-Thackeray’s nimble funds deployment tactic and TMG’s main expertise—operating infill, tiny bay, value-additional industrial solution and generating worth for its partners.”
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