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Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”), as exclusive advisor to the Seller, has been exclusively retained to market for sale the fee-simple interest in 2909 Pleasant Center Road, Fort Wayne, Indiana, a single asset that features a 30’ clear height and totals 764,177 square feet. The offering represents the opportunity to acquire a fully occupied, high-quality, Class A industrial facility in one of the leading manufacturing markets in the Midwest on a severely below market rent.
The tenant, Lippert Components, is the nation's leading supplier of parts & components to the recreational vehicle industry. Lippert was named to Fortune 100's list of Fastest Growing companies in 2019 and ranked #10 Best US Manufacturer in 2019 by IndustryWeek.
- High quality, functional asset with stable cash flow
- Significant below market rents
- Major corporate and institutional tenancy nearby
- Proximity to Fort Wayne transportation network
- Long term landlord-friendly lease with contractual annual rent growth