Greenstone Partners sold a 182,084-square-foot industrial building, located at 2802 Bloomington Road in Champaign, Illinois. The property is 100 percent leased to Rockwell Automation under a short-term net lease, with the tenant planning to vacate upon expiration.
The buyer bought the building on a speculative basis with plans to lease up the property within the next 12 to 18 months, possibly to one tenant or by demising into a multi-tenant building. The property is considered among the top-tier industrial assets in the Champaign/Urbana industrial submarket, with a 32-foot clear ceiling height, fully cooled/heated HVAC system throughout, a new 20-year TPO roof and zero deferred maintenance.