Printer Memorials acquires Bessemer Industrial Building for $1.2M

//Printer Memorials acquires Bessemer Industrial Building for $1.2M

Printer Memorials acquires Bessemer Industrial Building for $1.2M

A crane facility in Bessemer has changed hands in a $1.2 million deal. Pinter Memorials Inc. acquired 1355 Industrial Park Drive for almost $15 per square foot with financing from Synovus Bank, according to property records. The deal, which fetched more than 70% of the asking price, closed Feb. 19.

Jordan Tubb, vice president at Graham & Co., represented the seller. Tripp Alexander and Joe Azar of Colliers represented the buyer.

The purchasing entity is listed as a Florida corporation that belongs to Thomas P. Pinter. Pinter did not immediately respond to request for comment.

The seller was Kloeckner Metals Corp., a steel and metal distributor based in Roswell, Georgia, which was formed after the merger of Macsteel Service Centers USA and Namasco. According to property records, Namasco had acquired the property from Bessemer’s Industrial Development Board in 2002.

Built in 1980, the warehouse sits on almost 16 acres with an 80,550-square-foot building, 7,550 of which is office space, according to the Graham & Co. brochure. The property had been listed for $1.695 million.

The deal is significant especially for the tight industrial submarket in the Bessemer area, which is seeing a lot of activity with build to suits as well as a major residential project by Habitat for Humanity.

[ Read article on bizjournals.com ]

By |2021-02-23T09:58:30-05:00February 23rd, 2021|Categories: News|0 Comments

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