NAI Hiffman recently represented a private owner in the sale of its 80,169-square-foot multi-tenant industrial building to SFP Group, a real estate investment company, in Addison.
The building is located at 1701-1735 Armitage Court, near the intersection of I-355 and North Avenue. SFP acquired the property as an investment; the building was approximately 70 percent occupied at the time of sale. NAI Hiffman will continue as the leasing agent for the new ownership group going forward.
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Mark Moran and John Whitehead, with NAI Hiffman's industrial services group, represented the seller and were the only brokers involved in the transaction.