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TSR Concrete Coatings Leases 40,000-SF Industrial Space In Bloomington
LEASED
Illinois
See Similar DealsIndustrial40,000 SF
Leased 12/13/2023
LEASED
TSR Concrete Coatings Leases 40,000-SF Industrial Space In Bloomington
1601 General Electric Road
See Similar DealsIndustrial40,000 SF
Leased 12/13/2023
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:40,000 SF
Transaction Type:Lease
TSR Concrete Coatings, a ReVamp subsidiary, has leased a 40,000-square-foot industrial space at 1601 General Electric Road in Bloomington. The space will be used for the expansion of ReVamp Fencing. The property is located in a prime industrial area, making it a strategic choice for their operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: N/A
- Square Footage: 40,000
- Address: 1601 General Electric Road
- Market: Bloomington
Meghan O’Neal-Rogozinski, representing AXIS 360, acted as the tenant representative for TSR Concrete Coatings. The undisclosed landlord was represented by John Cleary from Marquette Realty. Both parties negotiated the terms of the lease agreement to ensure a successful transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,292,775.86
Total Lease Value
$22,927,758.62
Net Landlord Cash Flow$2,292,775.86
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