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| Former manufacturing and distribution facility of Lear Corp. 1200 Woods Chapel Road, Duncan, SC |
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| Virginia Wright |
ATLANTA, GA (Aug. 29, 2013) – Bull Realty has brokered the
$10.8 million sale of a 156,800-square-foot manufacturing and distribution
facility in Spartanburg County, S.C. RT Woods Chapel LLC, an affiliate of the
publicly traded REIT Chambers Street Properties LLC, bought the property, which
is located at 1200 Woods Chapel Road, from ACPS LLC. Lear Operations
Corp., a supplier of plastic automotive components, occupies the plant.
Virginia Wright,
CCIM, vice president of net lease investments at Atlanta-based Bull Realty,
represented the buyer in the transaction, and Dick Merritt, CCIM, president of Greenville, S.C.-based Merritt
and Company, represented the seller.
“In today’s
marketplace, investors are hungry for net-leased properties such as 1200 Woods
Chapel Road,” said Michael Bull, president and founder of Bull Realty.
“These
properties typically offer landlords the stability and security of financially
strong tenants on long-term leases, and Virginia did an outstanding job in
guiding our client to just such a facility in Spartanburg County.”
For a complete
copy of the company’s news release, please contact:
Savannah Duncan
The Wilbert Group
O: 404.343.0870
C: 404.901.4433
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