Real estate investment firm Tempus Realty Partners of Little Rock announced it surpassed $1 billion in total investments with the acquisition of an industrial property in Elkton, Maryland.
Tempus said the $7.6 million deal is part of its strategy to continue investing in the industrial sector with a focus on middle-market manufacturing companies.
The 94,871-SF building is occupied by Micropore Inc., which packages fine powder chemistries into solid cartridges. Those cartridges are used to absorb carbon dioxide in rebreathing and life support systems for commercial, medical and military applications across the globe.
The industrial sale-leaseback in Elkton features state-of-the-art facilities ideal for the tenant’s manufacturing process.
“As we continue to expand and grow, we remain focused on delivering exceptional value for our investors,” Dan Andrews, Tempus Realty Partners CEO, said in a statement.
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