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Time Manufacturing Company Sells Industrial Property In Waco, TX & Bethlehem, PA To W. P. Carey For $29M

7601 Imperial Drive⁠
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This Industrial property located in TX was sold for $29,000,000 about 3 years ago. The brokers of the deal were Steven (Steve) LaKind, Anthony Pasqual, Robert Elms, Michael Thomas, and Maureen Kelly Cooper

The industrial property located at 7601 Imperial Drive in Waco, TX and Bethlehem, PA has been sold. The transaction took place on January 8, 2021. The property spans 440,177 square feet and was sold for a total price of $29,000,000, resulting in a price per square foot of $66.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $29,000,000

The seller of the property was Time Manufacturing Company, while the buyer was W. P. Carey. The sale was facilitated by Maureen Kelly Cooper, Robert Elms, Michael Thomas, Anthony Pasqual, and Steven LaKind, who represented both parties in the deal. These brokers are affiliated with Cushman & Wakefield.

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Deals
  • Location
    7601 Imperial Drive, Waco, TX, USA7601 Imperial Drive, Waco, TX, USA
  • Sale Price
    $29,000,000$29,000,000
    $65 PPSF$65 PPSF
  • Area
    440,177 SF440,177 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Steven (Steve) LaKind

Steven (Steve) LaKind

Deals1
Sold$29M

Robert Elms

Robert Elms

Deals1
Sold$29M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4186
Volume$167B

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Deal Summary

SALE⁠ IMAGE: Maureen Kelly Cooper, Robert Elms, Michael Thomas, Anthony Pasqual, & Steven LaKind⁠ DATE: 01/08/2021⁠ ADDRESS: 7601 Imperial Drive⁠ MARKET: Waco, TX & Bethlehem, PA⁠ ASSET TYPE: Industrial⁠ ⁠ SELLER: Time Manufacturing Company⁠ BUYER: W. P. Carey⁠ BROKERS: Maureen Kelly Cooper, Robert Elms, Michael Thomas, Anthony Pasqual, & Steven LaKind - Cushman & Wakefield⁠ ⁠ SALE PRICE: $29,000,000⁠ SF: 440,177 ~ PPSF: $66⁠

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7601 Imperial Drive⁠

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