The concrete tilt up cross dock facility in Toledo got here on-line in 2000. Picture courtesy of Reich Brothers
Reich Brothers has bought a 309,968-square-foot industrial facility in Toledo, Ohio, from Stellantis. The cross-dock property will probably be leased again for components distribution.
iBorrow offered a $12.7 million mortgage to finance the sale-leaseback of the warehouse and distribution property. The transaction marks Reich Brothers’ first acquisition within the Toledo market.
Inbuilt 2000 for Stellantis to service a Jeep Wrangler and Gladiator meeting facility, the property options 32-foot clear heights, 102 truck docks, 50 x 50 column spacing, ESFR methods, greater than 200 trailer spots and 292 automotive areas.
The concrete tilt-up facility situated at 1435 Matzinger Street on 28.5 acres is off Interstate 75, which offers direct entry to close by metro Detroit, some 50 miles north, in addition to different interstates within the space. The property is subsequent to a DHL facility, in addition to quite a few different industrial buildings alongside Matzinger Street and Enterprise Boulevard.
When it comes to massive transactions, Reich Brothers acquired the previous 1.2 million-square-foot DHL Intermodal Campus in Baytown, Texas, final 12 months. The 67-acre property is in Cedar Port Industrial Park, the nation’s largest rail- and barge-served industrial park.
