On behalf of Nucor Corporation, Binswanger is pleased to announce the sale of their 288,137 sq. ft. industrial building on 124 acres. The property is located at 1800 Sturgis Road in Conway, Arkansas.
The buyer, Eliken Property Management was formed in 2010 and is headquartered in New York, New York. It is a private self-administered and self-managed real estate firm that is engaged in owning and managing high quality industrial properties. Eliken’s portfolio encompasses over 3.5 million sq. ft.across the Midwest and Southeast. The firm is looking to expand its presence in Texas and Arkansas as well as other target markets. The company is considering offering the property for leaseto one client or possibly subdividing the property. Additionally the sale of the property will be considered as well. The property will be marketed to manufacturers of paper, plastics and rubber, nonmetallic minerals, primary metals, fabricated metals, machinery, household appliances, electrical equipment, motor vehicle body and trailer, miscellaneous as well as prospects in mining, wholesale trade and retail trade industries.
Built in 1995, the modern, single-story facility features 7" and 8" reinforce concrete floor; insulated metal panel walls;built-up insulatedmetal roof; circular steel columns spaced 40'x 65', ceiling heights from 32'to 50'; metal halidelighting; allutilities; four 25' x 20'and eleven 9' x 12' grade level roll up doors; eight 8' x 10'dock-high doors equipped with levelers, seals, and lights; approximately 21,149 sq. ft. of two-story, modern, office space; paved and lighted parking for approximately 200 cars; and a 300' interior rail spur is located at the high bay area with service provided by Union Pacific Railroad.The property is located minutes from Interstate Highway 40 and State Highway 365. It is five minutes to the ConwayRegionalAirport and approximately 30 minutes to Little RockAdamsInternationalAirport.
The transaction for the seller was handled by Holmes Davis, Senior Vice President in Binswanger’s Dallas, Texas office.
Headquartered in Philadelphia, Pennsylvania, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.
