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Chicago & Midwest  + Midwest  + Industrial  |  February 5, 2020
Paul Bubny
By: Paul Bubny

LCN Sells Former Shopko Warehouse in Omaha

LCN Capital Partners sold the 535,000-square-foot former Shopko Distribution Center in Papillion, NE to Papillion Foods. Deal terms weren’t disclosed.

Shopko originally constructed the distribution center in 2000 with an addition in 2004. LCN purchased the facility in 2015. After Shopko vacated the property in early 2019, Cushman & Wakefield/The Lund Company began marketing the property for sale.

Dennis Sciscoe and Mike Earl with Cushman & Wakefield/The Lund Company represented LCN. Brian Fogelberg and Emily Claridge with Transwestern in Minneapolis represented Papillion Foods.

The 80-acre property is located in the Sarpy West industrial submarket of Omaha, said to be the most active submarket in the region. Many users and investors have been drawn to this submarket, with Google, Facebook and Amazon among the most prominent.

Connect Industrial Midwest is coming to Rosemont, IL on March 4. For more information, or to register, click here.

For comments, questions or concerns, please contact Paul Bubny

Read More News Stories About: Google, Transwestern
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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