Northmarq Completes $37.0 Million Sale of Midwest FedEx Ground Facility

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Northmarq, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a single-tenant industrial facility leased to FedEx Ground. The 217,323-square-foot property serves as a distribution center for the multinational company. Erik Lundberg of Northmarq represented the 1031 exchange buyer, an investor group based in New Jersey. The seller was a Texas-based developer. The asset sold for approximately $37.0 million. 

“Despite a challenging interest rate market, we were able to bring a motivated buyer who performed at the top of market pricing,” said Lundberg, Associate Director in Northmarq’s Tulsa, Oklahoma headquarters.  

The facility is newly built and replaced a smaller FedEx Ground warehouse. The 33-acre site is easily accessible to major highways, distribution centers and the community workforce. With a demand surge for FedEx services, this facility helps meet the need for the Midwest region.  

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About Northmarq:

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.