Sep
24

175,000 SF Aiken Distribution Center Sold

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Elmtree Funds has purchased a Class A distribution facility that is under construction in Aiken for $8.5 million. Owens Corning, a global producer of building materials including glass-fiber reinforcements and engineered parts for composite systems, will occupy the 175,000-square-foot building under a 15-year lease. The property will be connected to the company’s existing manufacturing facility, which opened in 1979 and has undergone three expansions since.

ElmTree Funds is a private equity investment firm based in St. Louis with additional offices in Boston, New York and Charlotte, N.C. The company focuses on commercial sale-leaseback and net-lease transactions.

Categories : Aiken

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