So why did developer Seefried Industrial Properties sell the new 1 million-square-foot Amazon fulfillment center in Kernersville so quickly after the completion of the shell? Last week, a New York City-based LLC paid $110 million for the Amazon building, which sits on 94 acres of land. Paul Seefried, the vice president of development for the Atlanta-based developer, told TBJ that the decision to sell was made by Seefried's capital partners on the project. Read More...
Why developer sold Amazon fulfillment center in Kernersville
So why did developer Seefried Industrial Properties sell the new 1 million-square-foot Amazon fulfillment center in Kernersville so quickly after the completion of the shell? Last week, a New York City-based LLC paid $110 million for the Amazon building, which sits on 94 acres of land. Paul Seefried, the vice president of development for the Atlanta-based developer, told TBJ that the decision to sell was made by Seefried’s capital partners on the project.
Add Comment