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Atlanta & Southeast  + Carolinas  + Net Lease  | 

Northmarq Arranges Sale-Leaseback on Mount Vernon Mills Facility

Northmarq associate VP Robert Poirier, based in Northmarq’s Atlanta office, arranged the $9.5-million sale leaseback of a single-tenant industrial property fully leased to Mount Vernon Mills, Inc. The 270, 252-square-foot facility is located at 235 River Rd. in Rockingham, NC. Northmarq represented both the buyer and seller. The buyer was an institutional investor based in Arizona. 

“Despite the current market, we were able to create a tremendous amount of interest from a very diverse group of investors, ultimately receiving 18 LOIs during the marketing process,” said Poirier. “At the end of the day, surety of close, and the strong reputation of the investor is what won the deal. 

Built in 1973, the property is situated on 27.74 acres and serves as a mission-critical facility for Mount Vernon Mills, the country’s largest apparel fabric manufacturer. The tenant operates on a corporate guaranteed absolute triple net lease. 


Inside The Story

Northmarq's Poirier

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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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