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STREAM Capital Partners Brokers $8M Sale-Leaseback of Industrial Portfolio in Wisconsin, Indiana

tecomet-wisconsin-indiana

Tecomet has sold a more than 151,000-square-foot industrial portfolio of properties, including a 65,948-square-foot building in Kenosha, Wis. (pictured) for $8 million.

KENOSHA, WIS., AND WARSAW, IND. — STREAM Capital Partners has arranged the sale-leaseback of a three-building portfolio of more than 151,000 square feet of industrial space in Kenosha and Warsaw. The properties are located at 3724 N. State Road and 486E 350N in Warsaw and 5307 95th Ave. in Kenosha. Tecomet sold the portfolio to an undisclosed REIT for $8 million. The seller then leased back three of properties as a long-term triple-net lease with periodic rent increases and multiple options for renewal from the new owner. Jonathan Wolfe and Jordan Shtulman of STREAM represented the seller in the transaction.

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