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Avison Team Brokers $325M Sale of Amazon Fulfillment Center
Avison Young’s Capital Markets Group brokered the sale of a single-tenant net-leased property near Des Moines, valued at more than $325 million and spanning 2.68 million square feet. The Amazon-leased, AR Sort Fulfillment Center property was sold subject to an existing long-term lease and zero-cash flow financing structure.
Capital Square of Richmond, VA purchased the newly constructed four-story facility from Mesirow Realty Sale-Leaseback, Inc.
The team representing Mesirow included Jonathan Hipp, head of Avison Young’s U.S. Net Lease Group; principal James Hanson and SVP Richard Murphy. Earl Webb, Co-Managing Partner of 9thGreen Advisors, also advised Mesirow. They represented Mesirow in two other zero-cash flow property transactions in 2020.
“We were proud to once again represent Mesirow and offer investors the opportunity to acquire this premier Amazon facility,” Hipp said. “It’s a state-of the-art Amazon property that plays a critical role in the company’s distribution network and an excellent long-term investment.”
- ◦Sale/Acquisition
