Business

NKF arranges sale of facility in Addison

Posted November 24, 2018 12:00 am

ADDISON - Newmark Knight Frank recently arranged the sale of 133 N. Swift Road in Addison. Terms of the sale were not announced. A 4.65-acre site built in 2008, the property consists of 62,640 square feet of warehouse space with 25,000 square feet of office space. NKF Senior Managing Director Corey Chase and Associate David Stremler represented the seller, a private investor, in the transaction. Bridge Development Partners purchased the facility. While the sale was underway, Chase completed a long-term, 87,640-square-foot lease renewal, keeping the property at full occupancy. The lease was signed by Associated Material Handling Industries, Inc., a supply chain solutions firm and distributor of lifting equipment. Chase represented Associated in the transaction, who also received a tenant improvement package from new ownership.

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