{"id":1004473552,"date":"2020-08-26T00:50:16","date_gmt":"2020-08-26T08:50:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004473552"},"modified":"2025-02-26T03:09:08","modified_gmt":"2025-02-26T11:09:08","slug":"jll-closes-northeastern-kentucky-warehouse-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-closes-northeastern-kentucky-warehouse-sale\/","title":{"rendered":"JLL Closes Northeastern Kentucky Warehouse Sale"},"content":{"rendered":"<div id=\"attachment_1004473555\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Flowserve-facility..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004473555\" data-attachment-id=\"1004473555\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-closes-northeastern-kentucky-warehouse-sale\/flowserve-facility\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Flowserve-facility..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"Flowserve facility in Grayson, Ky.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Flowserve facility in Grayson, Ky. &lt;i&gt;Image courtesy of JLL&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Flowserve-facility..jpg?w=800\" class=\"wp-image-1004473555 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Flowserve-facility..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Flowserve-facility..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Flowserve-facility..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Flowserve-facility..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004473555\" class=\"wp-caption-text\">Flowserve facility in Grayson, Ky. <i>Image courtesy of JLL<\/i><\/p><\/div>\n<p>JLL has finalized the $6.2 million sale of a 25,000-square-foot, fully leased industrial property in Argillite, Ky. Director Alex Geanakos, Senior Director Jason DeWitt, Senior Managing Director Brian Shanfeld and Managing Directors Trent Agnew and Alex Sharrin negotiated the deal on behalf of the seller, Investment &amp; Development Ventures. A private investor acquired the building in a 1031 exchange.<\/p>\n<p>Located on 3 acres along East Park Drive, the single-story warehouse delivered earlier this year. The property was custom-built to suit Flowserve&#8217;s operations: The facility has four overhead and four jib cranes, compressed air loops and drops and ELO fire suppression. The tenant occupies the property on a double-net lease with an initial expiration date in 2035.<\/p>\n<p>The building is situated within EastPark, a 1,000-acre mixed-use business park along Interstate 64. The site is 9 miles northeast of downtown Grayson, Ky. Additionally, the property is roughly 17 miles west of the intersection of the Kentucky, Ohio and West Virginia state borders.<\/p>\n<p>Earlier this month, JLL&#8217;s Agnew <a href=\"https:\/\/www.commercialsearch.com\/news\/exeter-property-group-acquires-san-antonio-distribution-center\/\">negotiated the disposition<\/a> of Ridge Distribution Center, a 327,000-square-foot warehouse in San Antonio. The broker assisted the seller, Koontz Corp., in the transaction to Exeter Property Group.<\/p>\n<div><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\" target=\"_blank\" rel=\"noopener\"><strong><em>our short form<\/em><\/strong><\/a><em> or send your deal to <\/em><a href=\"mailto:deals@cpe-mhn.com\" target=\"_blank\" rel=\"noopener\"><strong><em>deals@cpe-mhn.com<\/em><\/strong><\/a><em>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Alex Geanakos, Jason DeWitt, Brian Shanfeld, Trent Agnew and Alex Sharrin assisted the seller of the 25,000-square-foot building.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742],"tags":[33536,32796,37188],"class_list":["post-1004473552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","tag-1031-exchange","tag-jll","tag-trent-agnew"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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