Tempus Realty Partners announces $32.6M portfolio acquisition
by November 7, 2023 9:36 am 271 views
SGS North America at 4665 Paris St. in Denver.
Tempus Realty Partners, a Little Rock-based real estate investment partnership, announced details Tuesday (Nov. 7) of an acquisition of four industrial sale-leasebacks located across three states. The fully leased acquisitions total 381,251 square feet and 68.25 acres. The properties make up Tempus’ seventh portfolio for $32.6 million.
A Tempus news release said the fully leased properties (under 20-year leases) are in Denver, Milwaukee and Columbus, Ind. The tenants include Kubin Nicholson and SGS.
“Completing our seventh portfolio, composed of four industrial properties, is a testament to the strength of our partnership-based approach,” Dan Andrews, Tempus Realty Partners CEO, said in a news release. “We’re fortifying our foundation in the industrial sector and creating long-term value for our investors.”
Portfolio Seven is Tempus’ fourth deal this year, alongside the development of Westrock Coffee Distribution Center, Portfolio Five and Portfolio Six. The total value of all four projects is $165.6 million.