LBA Logistics Acquires Core45 Building 1 From Raj Menon Of Grandview Partners In Wilmer

The property asset involved in the transaction is the Core45 Building 1, an industrial facility located at 1401 East Pleasant Run Road in Wilmer. It encompasses a total square footage of 616,068 and is classified as a newly built Class AA industrial facility. The property is strategically positioned with direct access to major highways I-45 and I-20, which enhances its leasing potential.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 1401 East Pleasant Run Road
• Market: Wilmer
• Square Footage: 616,068
• Buyer: LBA Logistics
• Seller: Raj Menon - Grandview Partners
• Brokers: Trent Agnew, Tom Weber, Pauli Kerr & Carson Stogner - JLL

The Core45 Building 1 is currently 48% leased to Owens Corning, presenting an opportunity with 323,388 square feet available for new tenants. This transaction illustrates a strategic acquisition aligned with LBA Logistics' growth objectives, facilitated by the brokerage team from JLL which includes Trent Agnew, Tom Weber, Pauli Kerr, and Carson Stogner.