Livingston Street Trades Net Leased Industrial to Bridge Investment
Livingston Street Capital, a boutique private equity firm focused on commercial real estate investments throughout the U.S., has sold a 393,817-square-foot industrial property in Columbus, IN, to Bridge Investment Group for $55.3 million. The asset is net leased to Faurecia Emissions Control Technologies, USA, part of the Faurecia Clean Mobility Group.
Livingston Street acquired the property in November 2018. Since then, appetite for quality industrial product throughout the U.S. has grown significantly among a cross section of investors, presenting an opportune time to capitalize on this investment, according to Peter Scola, president and co-CEO.
“We’ve positioned ourselves to be nimble in order to adjust to an optimal strategy, both from an overall organizational standpoint and in our ability to react quickly to acquisition and disposition opportunities,” said Scola.
The JLL Capital Markets team representing Livingston Street was led by Jason DeWitt, Brian Shanfeld, Ed Halaburt, Nick Franklin, and Steve Okon.