JRW Realty Facilitates Acquisition of FedEx Ground Distribution Center in Little Rock
JRW Realty Facilitates Acquisition of FedEx Ground Distribution Center in Little Rock
PASADENA, Calif.--(BUSINESS WIRE)--JRW Realty, a commercial real estate brokerage that sources net-leased properties on behalf of institutional clients, is pleased to announce that the company helped an institutional buyer acquire a 303,596-square-foot FedEx Ground distribution center in the strategic logistics hub of Little Rock, Arkansas.
“This FedEx Ground distribution center is an excellent example of the type of property that meets our buyer's disciplined acquisition criteria.” - Melinda Marston, President of JRW Realty
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The single-tenant, net-leased property is occupied by FedEx Corporation, a Fortune 50 company and one of the world’s largest logistics providers, with a Standard & Poor’s investment-grade credit rating of BBB. Built in 2016, the state-of-the-art distribution center has direct access to Interstates 30 and 40, two of the nation’s major freight corridors.
Melinda Marston, President of JRW Realty, sourced and successfully closed the transaction on behalf of the firm’s buyer. Jerry Hopkins and Leighton Hopkins of Newmark Knight and Frank represented the seller in the transaction.
Marston noted that the property’s long-term net lease, investment-grade tenancy, and strategic location within a major logistics corridor make it a strong fit for the buyer’s rigorous acquisition criteria.
“Our buyer continues to pursue high-quality net-leased industrial assets occupied by creditworthy, necessity-based tenants, and this FedEx Ground distribution center is an excellent example of the type of property that meets their disciplined investment criteria,” Marston said. “We are grateful to Jerry Hopkins, Leighton Hopkins, and the Newmark team for their professionalism in helping us bring this transaction to a successful close.”
About JRW Realty
JRW Realty is a commercial real estate brokerage firm that has closed over $7.0 billion in transactions across over 1,400 properties on behalf of its clients. JRW Realty’s team places special focus on due diligence, reviewing over 100 properties each week and only choosing to source for clients the best 1-2% according to their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.
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