Jack Ford & Brian Underkofler Of Lightstone Acquire Industrial Asset In Spartanburg For $48.25M

The asset involved in this transaction is an industrial property located at 9855 Warren H Abernathy Highway in Spartanburg. The sale was executed for a total amount of $48,250,000, covering a total square footage of 703,012 and resulting in a price per square foot of $68.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $48,250,000
• Address: 9855 Warren H Abernathy Highway
• Market: Spartanburg
• Square Footage: 703,012
• Price per Square Foot: $68
• Buyer: Jack Ford & Brian Underkofler - Lightstone
• Seller: Farallon Capital
• Broker Representatives: Michael Macchia, James Ullrich & Robyn Hurrell - Colliers

The transaction was facilitated by brokers Michael Macchia, James Ullrich, and Robyn Hurrell, who represented the seller, Farallon Capital, in this significant sale. Buyers Jack Ford and Brian Underkofler were part of Lightstone, indicating collaboration between established players in the industrial real estate sector.