Tempus Realty Partners of Little Rock, a real estate investment partnership, said this week that it had purchased four industrial properties, with square footage totaling 1.4 million across more than 209 acres for $78 million.
The four sale-leaseback acquisitions are located in Aiken, South Carolina; Clinton and Jackson, Tennessee; and Slinger, Wisconsin. Each of the four properties are occupied by The Carlstar Group LLC of Franklin, Tennessee, which makes specialty tires and wheels.
“It’s an absolute privilege to partner with a respected company like The Carlstar Group for their real estate needs,” Tempus Realty CEO Dan Andrews said. “I’m extremely pleased we’re able to fulfill their operational goals while delivering an excellent opportunity for our investors.”
The portfolio contains the entirety of The Carlstar Group’s owned North American manufacturing locations.
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