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205 North White Street
Fort Mill, South Carolina 29716 |
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Lutz Real Estate Investments managed the acquisition, financing, and eventual disposition of this 2.7 million square foot industrial/ warehouse/ distribution and office portfolio on a 20-year sale-leaseback on behalf of a client. The original seller, a pre-eminent home furnishings company, was a private business that was founded in 1887 and had an investment grade rating from the S&P. The portfolio acquired included the most important properties integral to the company’s operation including the seller’s executive office headquarters, located in a prestigious suburb of Charlotte. The industrial/ warehouse/ distribution facilities are all located in six key markets with immediate access to major distribution hubs in Pennsylvania, Georgia, South Carolina, Virginia, Alabama and North Carolina. Sold in 2006, this group of assets provided significantly greater profits than originally forecasted. |
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