TradeLane Properties, a privately held Industrial real estate company, has purchased 458 Pope Farm Blvd in the Salt River Logistics Park, a shell complete, cross-docked, logistics facility totaling 572,000 square feet. Constructed in 2022, this free-standing industrial building is situated on 43.28 acres and features 65 dock high doors (expandable), 36-foot clear height, two drive-in-doors, 3,000 amps of power, 130 to 190-foot truck court depth, 181 auto stalls (expandable) and 72 trailer parking stalls (expandable).
Purchased within the TradeLane Properties U.S. Industrial Fund II, a value-add investment fund focused on key Central U.S. logistics markets, TradeLane is completing the tenant improvements and will offer the facility for immediate occupancy. Jake Mills and Robert Walker with Cushman & Wakefield are the listing agents on the property.
Located one mile east of I-65 at Exit 116, the facility offers drive times of 15 minutes to UPS Worldport Hub, 26 minutes to GE Appliance Park, 20 minutes to the Ford Assembly Plant, 33 minutes to the Ford Truck Plant, 11 minutes to I-265, 17 minutes to I-264/I-64/I-71.
The acquisition of TLP Salt River is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through dedicated in-house capabilities including Leasing, Accounting, Construction, and Property Management teams.
TradeLane Properties would like to thank the Keith Yearout with Newmark Capital Markets, Franklin Law Firm, PLLC and Wintrust Bank for their assistance in this transaction.
