PRP Real Estate Investment Management Acquires 30.4 Acres Industrial Property In Hickory For $60.6M

PRP Real Estate Investment Management acquired a 265,000 sq. ft. industrial property located at 2020 Trivium Court in Hickory, NC, for $60.6 million, representing a price per square foot of $229. The asset covers an area of 30.4 acres.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $60,600,000
• Address: 2020 Trivium Court
• Market: Hickory, NC
• Square Footage: 265,000
• Price per Square Foot: $229
• Seller: Stonemont Financial Group
• Broker: JLL

The transaction was facilitated by JLL, acting as the broker for the deal involving PRP Real Estate Investment Management and Stonemont Financial Group, highlighting the roles of the entities in this significant acquisition.