AAON Inc Acquires Industrial Facility On 35.7 Acres In Memphis From Conwood Co LLC For $63M

The transaction involved the sale of a manufacturing and logistics facility located at 5106 Tradeport Drive in Memphis, TN. The property spans 35.7 acres and encompasses a total of 787,000 square feet. The sale price for this asset was $63,000,000, equating to a price per square foot of $80.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $63,000,000
• Square Footage: 787,000
• Address: 5106 Tradeport Drive
• Market: Memphis, TN
• Acres: 35.7
• Buyer's Name: AAON Inc
• Seller's Name: Conwood Co. LLC
• Buyer's Representative: John Beach & Susan Arledge - Newmark
• Seller's Representatives: Katie Hargett, Landon Williams & Mark Jenkins - Cushman & Wakefield

Cushman & Wakefield Commercial Advisors facilitated the sale of the property on behalf of the seller, Conwood Co. LLC. Newmark acted as the representative for the buyer, AAON Inc. The transaction highlights the involvement of key brokerage firms in executing this deal in the industrial asset sector.