CORFAC News

Raleigh, NC (July 11, 2011) –W. Michael Lewis, CCIM, SIOR and President of The Lewis Group/CORFAC International based in Raleigh, NC announced the sale of a 26-acre industrial property in Dunn, NC for nearly $1 million.The property, which is near I-95 and convenient for trucking access, includes two buildings – an office building approximately 15,000 square feet and a truck servicing building approximately 12,000 square feet. The seller was G&D Integrated based in Morton, IL and the buyer was HHG Properties, based in Albany, GA. HHG Properties is believed to be one of the largest peanut haulers in the U.S. and operates in 48 states.Lewis and Steven Tick, SIOR and Senior Vice President of Podolsky Northstar CORFAC International in Chicago, IL represented the seller in the transaction.G&D Integrated is a transportation management services company that specializes in distribution and manufacturing logistics. Tick has represented the company in more than 20 acquisition and disposition transactions in multiple U.S. states and frequently included other CORFAC brokers to manage the transactions locally.“Given the previous use of the property by the seller and the likely use by the buyer, this sale came together very quickly because it is a great fit for the new owner and the location is superb for any business in the transportation industry,” said Lewis.About CORFAC InternationalCORFAC International is one of the largest commercial real estate services organizations in the world and founded in 1989. U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial, corporate services, retail real estate and property management. In association with FIABCI – the International Real Estate Federation, BDIin Mexico,five independent firms in Canada, Rios Commercialin Puerto Rico and Panama-based Latin American Corporate Property Services, CORFAC International has 80 offices in the Americas and a market reach to 65 countries worldwide.  For more information on CORFAC, contact 954-923-6160, info@corfac.com or visit www.corfac.com.