JLL closed the sale of Procter & Gamble’s multiple building, 574,000-square-foot industrial/ manufacturing site in Kansas City, Missouri.
New Mill Capital, a national firm which specializes in the disposition of excess equipment and real estate assets across a variety of manufacturing verticals, acquired the property. As part of the transaction, Procter & Gamble entered into a lease agreement for the property for at least the remainder of 2020.
JLL Managing Regional Director Kevin Wilkerson and Executive Vice President Phil Algrim represented the seller in the negotiation.
The plant is centrally located within the metro near the intersection of 18th Expressway and the I-70 interchange and provides direct rail service with access to BNSF, Kansas City Southern and Union Pacific railroads.
