{"id":1004331344,"date":"2019-06-18T23:36:54","date_gmt":"2019-06-19T07:36:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004331344"},"modified":"2025-02-27T22:37:56","modified_gmt":"2025-02-28T06:37:56","slug":"marcus-millichap-facilitates-texas-industrial-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-facilitates-texas-industrial-sale\/","title":{"rendered":"Marcus &#038; Millichap Facilitates Texas Industrial Sale"},"content":{"rendered":"<div id=\"attachment_1004331347\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Trane-Distribution-Center-e1560864406231.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004331347\" data-attachment-id=\"1004331347\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-facilitates-texas-industrial-sale\/trane-distribution-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Trane-Distribution-Center-e1560864406231.jpg\" data-orig-size=\"1197,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Lucia Morosanu&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1560870753&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Trane Distribution Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Trane Distribution Center. Image via Google Maps&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Trane-Distribution-Center-e1560864406231.jpg?w=1024\" class=\"wp-image-1004331347 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Trane-Distribution-Center-e1560864406231.jpg\" alt=\"Trane Distribution Center.\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Trane-Distribution-Center-e1560864406231.jpg 1197w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Trane-Distribution-Center-e1560864406231.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Trane-Distribution-Center-e1560864406231.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Trane-Distribution-Center-e1560864406231.jpg?resize=1024,770 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004331347\" class=\"wp-caption-text\">Trane Distribution Center.<em> Image via Google Maps<\/em><\/p><\/div>\n<p>A private investor has sold Trane Distribution Center, a 536,141-square-foot industrial facility in Tyler, Texas. The new owner, also a private investor, took out a $6.9 million loan from Wisconsin Bank &amp; Trust to finance the acquisition, according to Smith County records. First Vice Presidents Tim Speck and Adam Abushagur from Marcus &amp; Millichap\u2019 Dallas office worked on behalf of the seller and also procured the buyer.<\/p>\n<p>Located at 1710 E. Duncan St., the building was completed in 1949 on a 36.9-acre site and includes 68 docks, 15- to 36-foot clear heights and is fully air conditioned and sprinkled. The asset is leased to Trane, which recently expanded to occupy the whole property. According to Abushagur, the facility is currently undergoing a voluntary cleanup program. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n<p>At the beginning of the year, a different team from Marcus &amp; Millichap handled a similar transaction. The brokerage company represented the buyer in the $49 million <a href=\"https:\/\/www.commercialsearch.com\/news\/fl-industrial-park-sells-for-49m\/\">sale of the 820,000-square-foot American Industrial Center<\/a> in Longwood, Fla.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to&nbsp;<a href=\"mailto:deals@cpe-mhn.com\"><strong>deals@cpe-mhn.com<\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>First Vice Presidents Tim Speck and Adam Abushagur procured the buyer and represented the seller in the disposition of a 536,141-square-foot facility in Tyler. <\/p>\n","protected":false},"author":748,"featured_media":1004331347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742],"tags":[34836,37410],"class_list":["post-1004331344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","tag-marcus-millichap","tag-wisconsin-bank-and-trust"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Marcus &amp; 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