CBRE COMPLETES $7.3 MILLION INDUSTRIAL SALE/LEASEBACK

MT. CARMEL, ILL., AND BEAVERTON, MICH. — CB Richard Ellis’ Sale Leaseback Group (CBRE) has completed the $7.3 million sale/leaseback of a two-building industrial portfolio. The first property is a 128,636-square-foot building located at 714 Walnut St. in Mt. Carmel. The second property comprises a 142,770-square-foot freestanding industrial building, as well as three outlot buildings totaling 8,940 square feet, and is located at 330 N. Ross St. in Beaverton. Both properties are occupied by Pacific Production Technologies, a portfolio company of Madison Capital Partners. Robert Brennan, Andrew Sandquist and Jonathan Wolfe of CBRE represented the seller, a partnership between Madison Capital Partners, Edgewater Funds and Rocky Mountain Bank. The deal also included the sale/leaseback of two additional properties located in Texas and Wyoming.