SomeraRoad acquired a 266,720-square-foot rail connected Net Leased food container manufacturing facility in Evansville, Indiana
Savills announced that it has facilitated the $24.75 million sale of Graham Packaging’s showcase plastics manufacturing warehouse facility comprised of 266,720 square feet located at Vanderburgh Industrial Park in Evansville, Indiana. Maurice Nieman, executive managing director at Savills, represented the seller in the transaction.
5504 Foundation Drive, which was constructed in 2002 and expanded in 2008, is leased to Graham Packaging, an industry leader in the design and manufacturing of innovative and sustainable packaging solutions. The long-term lease provides in-place cash flow for the foreseeable future. The property is part of Vanderburgh Industrial Park, a master-planned industrial park within a core location in the heart of “Plastics Valley.”