News

NEWS

Saturday
June, 22

Tempus Realty Partners Purchases Three Industrial Properties to Complete $50.9M Portfolio

LITTLE ROCK, Ark., April 3, 2024 /PRNewswire/ — Tempus Realty Partners, an Arkansas-based real estate investment partnership, is pleased to announce the acquisition of three industrial sale-leasebacks located across three states. The fully leased properties total 610,247 SF and 132.36 acres. The acquisitions form the Charleston/Knoxville/Lafayette portfolio for $50.9 million.

The industrial properties are located in North Charleston, SC, Knoxville, TN and Lafayette, IN. The tenants include Kamran and Company, The Carlstar Group and The Maximus Group.

“Each of these properties supports critical operations for their respective tenants,” Dan Andrews, Tempus Realty Partners CEO, said. “These sale-leaseback acquisitions represent a win-win, delivering a business solution for our tenants and a compelling investment opportunity for our investors.”

The Charleston/Knoxville/Lafayette portfolio represents Tempus’ first acquisition in 2024.

ABOUT TEMPUS REALTY PARTNERS

Tempus Realty Partners is an investor-centric real estate investment partnership focused on acquiring and developing commercial real estate mainly in the South and Midwest. The strategy of Tempus is to create superior risk-adjusted returns via unique commercial real estate opportunities by investing with its network of partners in targeted cities.

SOURCE Tempus Realty

Originally published at https://www.prnewswire.com/news-releases/tempus-realty-partners-purchases-three-industrial-properties-to-complete-50-9m-portfolio-302106825.html
Images courtesy of https://pixabay.com

author avatar
EDM editor
- Part of VUGA - Global Media Coverage

Latest articles

Related articles

Remtec Holds Ribbon Cutting for Its Newly Renovated 55,000...

Remtec's Michael Hipsman cuts the ribbon on Remtec's new facility in Canton, MA. Remtec...

The Union at Fishers District Signs First Lease with...

Piedra is latest concept for Fishers-based Archiega Restaurant Group INDIANAPOLIS, June 4, 2024 /PRNewswire/ -- Thompson Thrift, a...

Pavlo Kostyuk: Ukraine is facing a new reality that...

This time, the discussion focused on the financial and economic situation in Ukraine, the role of the...

Fla.’s Housing Market: New Listings, Median Prices Up in...

ORLANDO, Fla., April 18, 2024 /PRNewswire/ -- Florida's housing market in March and the first quarter (1Q) of...