The three subject properties start Bluerock’s industrial portfolio.
Colliers is pleased to announce its involvement in Bluerock Industrial Growth REIT’s (“Bluerock”) recent industrial acquisitions, representing the firm in a two-building portfolio acquisition and selling an asset to them.
900 Mattress Factory is a 92,500 square foot industrial facility located in Mebane, North Carolina. Colliers represented Southerland and Stanfield on the sale to Bluerock. This transaction led to Colliers’ assistance with Bluerock’s most recent acquisitions:
- 2016 Cornatzer Road is a 216,000 square foot industrial facility located in Advance, NC.
- 1429 Ault Road is a 47,000 square foot industrial facility located in Knoxville.
Bluerock is a New York based company with multifamily and residential properties across the United States. These purchases mark the start of its entry to industrial ownership.
“Bluerock’s entrance to the industrial market is emblematic of the pace of the industry as a whole,” said Larry Lakins, senior vice president. “As the industrial market continues to thrive, we expect the same for Bluerock’s newest assets.”
About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners, and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
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For more information, please contact: Caroline Thomas, 919-582-7940, caroline.thomas@colliers.com
