Newmark Brokers Sale of 251,100 SF Industrial Building in Davenport, Iowa

DAVENPORT, IOWA — Newmark has brokered the sale of a 251,100-square-foot industrial building in Davenport for an undisclosed price. The property at 8740 Zenith Ave. is fully leased to Ryder Logistics. Michael VanBuskirk, Chris Robertson, Andy Gallas, Andrew Sandquist, Ben Greazel and Raegen Root of Newmark represented the sellers, Blue Vista Capital Management LLC and Russell Development. Minneapolis-based Founders Properties acquired the asset. The property is the first of six buildings within the Russell Industrial Park, which will span nearly 1.5 million square feet upon full buildout.