Founders Properties Takes 325K-SF Class A Logistics Facility in High Point
Real estate investment company Founders Properties, LLC has purchased a Class A industrial facility totaling 324,650 square feet at 210 N. Pendleton Street in High Point, NC. The facility fully leased to two tenants.
Dave Andrews, Pete Pittroff, Patrick Nally and Josh McArdle of JLL represented the seller, Brennan Investment Group, a Chicago, IL-based private real estate investment firm that acquires, develops, and operates industrial properties in select major metropolitan markets throughout the US.
210 N. Pendleton Street is located off Interstate 74, proximate to NC-68 and just five miles from I-85. It is situated within the Piedmont Triad market, consisting of Greensboro, Winston-Salem and High Point, positioned halfway between Raleigh and Charlotte. The area is home to over 1.7 million residents, with a population growth of 11.3% projected by 2030.
Minneapolis, MN-based Founders Properties, LLC currently manages 11 real estate investment funds and separate accounts with an asset value of $1.06 billion covering approximately 10.2 million square feet across 23 markets.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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