83 Stults Road
Acquired in 2017, 83 Stults Road is a 367,000-square-foot industrial building served by a private rail spur. The property was purchased with a redevelopment strategy that included a roof raise and new roof, new exterior cladding, and new loading areas. Upon completion of renovations, the project obtained a long-term lease tenant and was later sold in 2019.
The acquisition strategy also included a subdivision plan of 20 acres of additional land that was subdivided to develop a new, state-of-the-art industrial building (85 Stults Road).