“This was a rare opportunity for an investor to acquire a stabilized, infill distribution center,” said Howard Wedren, DSP’s founder and managing principal.

DSP acquire the property in 2016 and immediately launched a multimillion-dollar interior and exterior renovation campaign, converting the antiquated industrial facility into an institutional quality distribution center. The Chicago-based owner/developer updated the facade, repaved the parking lots, installed a new roof and added new signage.

The facility now sports 28’ clear warehouse space, 17 loading docks, three drive-in doors, parking for 150 cars and 1.5 acres of trailer parking. At closing it was 100% leased to five tenants.

CBRE’s Michael Caprile, Zach Graham and Ryan Bain represented DSP in the sale to Brookfield.