CBRE closed the sale of a 179,000-square-foot Petco distribution and office center in Rhinelander, Wisconsin.
The property, at 2253 Airpark Road, sold to New York-based Evergreen Trading, a financial solutions and media investment company.
CBRE’s Justin Felix and Andy Lubinski represented Petco and CBRE’s David Opper represented Evergreen in the sale. The facility was purchased as part of a larger business deal between Petco and Evergreen, which has since relisted the property for sale or lease with Lubinski and Felix.
The property is located on 24.29 acres of land and consists of about 150,000 square feet of warehouse space, 20,000 square feet of office space and 9,000 square feet of outside cold storage space. The building features 24 docks, various clear heights of 17 feet to 32 feet throughout the facility, ample parking, Wi-Fi/key fob access and an elevator.