Location
Fort Wayne, IN
Type
Industrial
Service
Acquisition/Disposition
Size
1,000,000 SF
Highlights
- Excess corporate real estate acquisition
- Value-add proposition to convert the existing manufacturing site into a state-of-the art distribution center
- All-cash asset acquisition and repositioning
Distribution Tech Center
McKinney located an approximately 1M SF manufacturing facility in Fort Wayne, Indiana. Realizing this facility could be converted into a distribution hub servicing the greater Midwest, we negotiated a purchase price well below replacement value. Within two years, we were able to reposition the asset into a distribution facility and sell it as a highly sought after, single-tenant leased investment.