REBusinessOnline

Cushman & Wakefield Negotiates Sale of 1.5 MSF Industrial Building Leased to Kmart in Greensboro

NFI Industries, a third-party logistics provider, subleases this 1.5-million-square-foot industrial building in Greensboro.

GREENSBORO, N.C. — Cushman & Wakefield has negotiated the sale of a 1.5 million-square-foot industrial building fully leased to Kmart Inc. in Greensboro. NFI Industries, a third-party logistics provider, subleases the asset. The facility is situated at 300 Penry Road, about four miles east of downtown Greensboro. Rob Cochran, Jared Londry, Nolan Ashton, Stewart Calhoun and Casey Masters of Cushman & Wakefield represented the seller, Greensboro Lease Management LLC, in the transaction. The buyer was a joint venture between Pacer Partners and Drake Real Estate Partners. The sales price was not disclosed.

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