“We purchased that property as part of a larger 100-asset portfolio acquisition,” Markwell said. “The total portfolio was $1.3 billion and this happened to be one of the assets. We are very excited to own this part of the portfolio.”
He said Eby-Brown leased the property from a previous owner and will continue to do so after the transaction.
READ MORE: Springfield-based EF Hutton reports $2.1M loss
“This is part of a new fund we recently launched to the market,” Markwell said. “We are an Atlanta-based real estate private equity firm.”
Eby-Brown is the largest family-owned, wholesale consumer products distributor in the convenience industry, the company states on its website. The company owns and operates eight distribution centers throughout the Midwest, South, Southeast and East Coast.
The business is hiring full- and part-time positions for all shifts to work in its Springfield warehouse, according to a sign at its property.
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