Tempus Realty Partners of Little Rock announced the acquisition of a three-property industrial portfolio for $29 million.
The portfolio includes two sale-leasebacks and one value-add property. The properties in Birmingham, Alabama; Elkton, Maryland; and Fond du Lac, Wisconsin, add up to 424,659 SF and 36.84 acres.
Tenants include Micropore Inc., a manufacturer of reactive plastics, and printing services firm Action Printing.
“We are thrilled to acquire this portfolio, which includes three strategically located industrial properties,” Tempus CEO Dan Andrews said in a statement. “This acquisition aligns perfectly with our growth strategy and commitment to delivering high-quality assets to our investors.”
The portfolio is the second Tempus has acquired this year. In April, the investment partnership bought three industrial properties in sale-leaseback deals for $50.9 million.
Tempus’ total real estate investments surpassed $1 billion in May.
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