TruCore Investments Acquires Industrial Asset in OKC
TruCore Investments has acquired a Class B industrial warehouse and distribution center in a prime Oklahoma City location.
This deal was executed as a short-term sale-leaseback with brokerage assistance from Rusty Smith and
Allan Meadors at Cushman & Wakefield. TruCore is set to reposition and make immediate improvements
to the facility, including exterior paint and interior light upgrades. This purchase advances their ongoing
portfolio expansion, with more than $130 Million secured during the last two years.
“This acquisition supports our highly targeted investment strategy in Class B Industrial,” said Zach Harris,
TruCore Investments Managing Director and Partner. “Oklahoma City is an attractive, business-friendly
market with a central national location, steady job growth, and low energy costs, making the property
desirable for a broad range of tenants into the future.”
Farmer Brothers is a nationwide roaster, wholesaler and distributor of coffee, tea and allied products. Farmer Brothers currently occupies the warehouse and storage property situated at 13131 Broadway Extension. Spanning 142,115 sq. `. on 8.5 acres, the location is also zoned for outdoor storage and is conveniently accessible to both Highway 77 and Kilpatrick Turnpike.
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