NAI Hiffman's Industrial Capital Markets team represents owner in 478,744 square-foot sale
LEBANON, IN (October 17, 2018) - NAI Hiffman is proud to announce the sale of a Class A distribution facility located at 100 Purity Drive in Lebanon, Indiana. NAI Hiffman's Industrial Capital Markets team represented Purity Wholesale Grocers in the sale.
A long-time Lebanon occupant, seller Purity Wholesale Grocers distributes grocery and general merchandise nationally from its Indiana, California and New Jersey distribution centers. 100 Purity Drive serves as the company's primary distribution center. STAG Industrial, Inc purchased the 478,744 square-foot asset from an entity related to Purity Wholesale Grocers.
Constructed in 2013, the facility offers institutional-quality specifications, including ample loading with the ability to expand, trailer storage and staging for more than 100 trailers, 140' truck courts and a 32' clear height.
Senior Vice Presidents Ted Staszak and Patrick Sullivan and Vice President Ryan Chambers of NAI Hiffman's Industrial Capital Markets team represented ownership in the transaction with buyer, STAG Industrial, Inc.
About NAI Hiffman
Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit www.naihiffman.com