CORFAC News

Little Rock, AR (September 27, 2012) – Mark A. Bingman, MCR an Executive  Broker with Rector Phillips Morse Inc./CORFAC International has represented Burkhalter Properties LLC of North Little Rock in the sale of 20 acres of raw land in Maumelle, AR to Medline Industries Inc., which plans to build a 100,000-square-foot distribution center on the property.

Maumelle is located 10 miles northwest of Little Rock and the property was sold to Medline for more than $1.3 million.

The property is located on Burkhalter Industrial Drive in Burkhalter Industrial Park, near Highway 365 and Interstate 40.

Based in Mundelein, IL, Medline Industries is the nation's largest privately held manufacturer and distributor of medical and surgical supplies. The company intends to open a new state-of-the-art distribution facility in in late spring 2013. Construction is expected to begin this fall, which will service Medline's health care customers, including hospitals, nursing homes, surgery centers and home care agencies throughout the state of Arkansas.

The distribution center will be Medline's 37th in the United States, and it will be constructed with the latest energy efficient technology and undergo LEED (Leadership in Energy and Environmental Design) certification review for the design, construction and operation of high performance green buildings. LEED uses a rating system that measures a building's performance in energy efficiency, CO2 emission reduction and improved indoor environmental quality both during construction as well as the daily operation of the building.

“After working on this sale for 17 months, this is a satisfying transaction to complete and Medline Industries will be a good addition to the business community in Maumelle,” said Bingman.

About Rector Phillips Morse Inc./CORFAC International
Rector Phillips Morse Inc./CORFAC International (RPM) is a multi-faceted and leading Arkansas real estate company that serves commercial property owners, investors, institutions and tenants with brokerage and property management services, including office, industrial, retail, land and multifamily property types. Founded in 1955, RPM also has a commercial auction division and sister company that serves the residential real estate market (Coldwell Banker Rector Phillips Morse). For more information call 501.664.7807 or visit www.rpmrealty.com.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is distinguished by the way it manages multi-market commercial real estate assignments on behalf of corporate entities and privately owned companies. Founded in 1989, U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal Member of FIABCI – the International Real Estate Federation – and with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 100 million square feet and valued at more than $6 billion. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.