1/18/2008

Lee & Associates orchestrate sale of 540,000 sf industrial complex

by Eric Ramsden

3659 Lakeview Corporate Drive

Brentwood, Tenn.-based Ozburn-Hessey Logistics has purchased a 540,000 square foot industrial complex in Edwardsville, Ill., from Sacramento, Calif.-based Panattoni Development, a privately-owned real estate company.

Thomas Homco and David Zeigler of Lee & Associates represented Panattoni in the transaction. Ozburn-Hessey was represented by Pro Venture Commercial Real Estate.

The industrial site is located at 3965 Lakeview Corporate Drive and will be used as a warehouse and distribution facility for Ozburn-Hessey. While the terms of the deal were undisclosed, Homco said it could be one of the largest industrial sales of the year.

Address: 3965 Lakeview Corporate Drive, Edwardsville, Ill.

Size: 540,000 square feet

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Filed Under: Industrial

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