Tempus Realty Partners, a commercial real estate investment firm based in Little Rock, has completed the sale of an industrial property for $7.8 million.
The property spans 100,756 SF on 9.02 acres. Located in Wausau, Wisconsin, the sale-leaseback is occupied by Polywood Shutter Company. The site, one of five in Tempus’ Portfolio 5, was initially acquired in March 2023 for $7 million and held for 1.7 years.
Portfolio 5 is one of Tempus’ investment funds, which raised $12 million from investors in early 2023 to acquire industrial and commercial properties across multiple states. The fund attracted 57 investors who collectively funded the purchase of properties in Indiana, Colorado, Wisconsin and North Carolina.
This transaction marks the first disposition from Portfolio 5, which the release said remains ahead of performance projections. The release also stated that Tempus will continue to evaluate additional dispositions within the portfolio.
“This sale highlights our ability to navigate unique opportunities with tenants to create significant value for both them and our investors,” Dan Andrews, CEO of Tempus, said in a news release. “It exemplifies the strength of our approach and reinforces how well-positioned, quality assets perform.”
Tempus has acquired more than $1 billion of property in 25 states since forming in 2016.
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