Livingston Street Capital, a boutique private equity firm, has sold a 393,817-square-foot industrial property in Columbus, Indiana, to Bridge Investment Group for $55.3 million.
The asset is net leased to Faurecia Emissions Control Technologies, USA, LLC, part of the Faurecia Clean Mobility Group.
The firm acquired the property in November of 2018. Appetite for quality industrial product throughout the United States has grown significantly among a cross section of investors, presenting an opportune time to capitalize on this investment, according to Peter Scola, President and Co-CEO of Livingston Street Capital.
The JLL Capital Markets team representing Livingston Street Capital as the seller in this transaction was led by Jason DeWitt, Brian Shanfeld, Ed Halaburt, Nick Franklin and Steve Okon.
In addition to mission critical industrial assets, Livingston continues to actively acquire core and core plus office, healthcare, multifamily, and independent living and active adult (55+) properties throughout the country.
The property is located at 830 W. 450 South in Columbus, Indiana.