Tempus Realty Partners, a Little Rock-based real estate investment partnership, announced Wednesday (Jan. 5) the purchase of three industrial properties totaling 610,200 square feet.
The three buildings are in Auburn Hills, Mich., Westland, Mich., and Jackson, Tenn. They house operations of US Farathane, a designer and manufacturer of highly-engineered plastic-fabricated parts primarily for the automotive industry.
The deals closed in December. A Tempus news release did not disclose the purchase price.
“This deal represents a real win-win for our investors and for US Farathane” Tempus Realty Partners CEO Dan Andrews said in a statement. “We’re pleased to add these high-quality facilities to our portfolio.”
Other Tempus partners include Kevin Huchingson, Mark Saviers and Isaac Smith.
Tempus said it paid $184.8 million in 2021 to acquire 19 buildings throughout the country with a combined 2.18 million square feet.