Fortress Net Lease REIT Acquires Office At 1250 International Drive Mount Pleasant For $35M

An affiliate of Fortress Net Lease REIT acquired an office property located at 1250 International Drive in Mount Pleasant, WI. The asset involved in this transaction covers a total of 85,000 square feet and was sold for $35,000,000, translating to approximately $411.76 per square foot. Insinkerator has utilized this property as its headquarters since 2022, and it was originally constructed in 2018.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $35,000,000
• Sale Price per Square Foot: $411.76
• Square Footage: 85,000
• Address: 1250 International Drive
• Market: Mount Pleasant, WI
• Buyer: Fortress Net Lease REIT
• Seller: Insinkerator

Insinkerator previously purchased the property for $22,000,000 before the sale-leaseback transaction with Fortress Net Lease REIT. This deal involved key representatives from both companies, ensuring that the transition between ownership and leasing was executed effectively.