MBS Standoffs purchased one of the six buildings in the Henderson Freeways Crossing property, through a 1031 exchange. The 19,280-square-foot Building C traded for $2.5 million.
“Through a tax deferred 1031 exchange MBS-Standoffs.com was able to purchase a Henderson facility at an extremely low cost bases,” said Jean-Philippe Merminod, owner of MBS Standoffs, in prepared remarks.
Panattoni has been busy in 2018 with both development and deals. In March, the company broke ground on a 815,670-square-foot warehouse property, that was fully pre-leased, in northern Tennessee.
https://www.cpexecutive.com/post/panatonni-sells-las-vegas-area-industrial-asset/
By Beata Lorincz
