Centaur Capital Partners And Talos Capital Acquire Niles Industrial Asset For $72.2M

The industrial property located at 5959 West Howard Street in Niles has been sold for $72,200,000. This facility spans 314,028 square feet and is situated on 37 acres. It is currently occupied by FedEx Ground, which has five years remaining on its lease. The property includes a 2015-built distribution center featuring 292,000 square feet of warehouse space, extensive trailer parking, and a fully automated sorting system.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $72,200,000
• Square Feet: 314,028
• Address: 5959 West Howard Street
• Market: Niles
• Price Per Square Foot: $230
• Buyer: Centaur Capital Partners & Talos Capital
• Seller: Niles Property Holding Company LLC
• Brokers: Kurt Sarbaugh, Sean Devaney & John Huguenard - JLL

Centaur Capital Partners and Talos Capital acquired the asset with the representation of JLL's Kurt Sarbaugh, Sean Devaney, and John Huguenard acting on behalf of the seller, Niles Property Holding Company LLC. The transaction highlights the collaboration between the involved parties in securing the deal.