Real estate investment firm Tempus Realty Partners of Little Rock announced the acquisition of six industrial sale-leasebacks across five states totaling $30.5 million.
The properties total 391,068 SF and 73.25 total acres, the company said in a news release. It’s Tempus’ sixth portfolio of properties and third deal this year. The total value of this year’s acquisitions is $133 million.
The properties are located in Springfield, Missouri; Cleveland, Ohio; Hartford, Connecticut; Odessa, Texas and New Iberia, Louisiana. Tenants include Custom Powder Systems, Corsa Performance, Modern Woodcrafts and Wellbore Integrity Solutions.
Dan Andrews, CEO of Tempus, said the deals are part of the firm’s plan to strategically expand its presence in the industrial real estate sector.
“We believe that these well-located properties offer tremendous potential for growth and long-term value appreciation, further solidifying our commitment to delivering exceptional results for our investors,” he said.
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