Bentley Worldwide Packaging Ltd. sells Glendale, Wis. industrial facility
The Barry Company acts as sole broker in sale-leaseback transaction
LCM Funds LLC has purchased the 261,560 square foot industrial building at 200 W. Capitol Drive, Glendale, Wis. from Bentley World Packaging. Bentley will lease back the entire building.
Bentley, who sold the same building ten years ago to STAG Industrial, bought it back at the end of last year for $3.915 million in order to invest in building improvements. After work was completed, Bentley enlisted The Barry Company to sell the facility back to an investor as a sale-leaseback. LCM Funds LLC paid $5.82 million for the property, with a new 10-year lease in place and several renewal options.
Kurt Van Dyke and Kevin Barry of The Barry Company were the sole brokers on the transaction.
About The Barry Company
The Barry Company, a 95-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won six awards from the Commercial Association of Realtors-Wisconsin in the past several years, including four Deal of the Year awards and two Realtor® of the Year awards. The company has also received three consecutive Best Deal/Lease of the Year awards from The Business Journal and has been awarded the Broker of the Year honor by Riverworks Development Corporation.