Academy Distribution Center Katy
US - Katy, TX
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer qualified investors the opportunity to acquire the fee simple interest in 5375 International Parkway SE, Grand Rapids, Michigan (the “Property”) – a 118,751 square foot, 100% occupied manufacturing facility. The Property is currently owned and occupied by Novares US LLC (“Novares”, “Tenant”, or the “Company”) for operations of its Americas Body Parts operating unit, and upon closing will be leased to Novares on an absolute net lease for an initial 20-year term.
Headquartered in France with operations across 22 countries, Novares Group S.A.S. (the “Parent” or “Guarantor”) is a leading global Tier I/Tier II automotive OEM supplier that designs and manufactures complex plastic components and systems serving leading players across the industry. The Company innovates with cutting edge plastic injection for cleaner, lighter, more connected cars to lead the future of the automotive industry. As of today, Novares products are in one-third of every car, globally.
The offering provides investors the opportunity to acquire a passive investment with contractually growing long-term cash flow backed by a market-leading global tenant at its strategically located facility nearby its key customers within a dense industrial submarket of Grand Rapids, MI.