Displays Sells 58,016 SF Industrial Property in Arlington
Marus & Millichap brokers Adam Abushagur and Sam Martin represented the seller in the transaction.
Displays has sold a 58,016 square foot industrial property located at 626 106th Street in Arlington. The property was sold by Displays and the transaction was brokered by Adam Abushagur and Sam Martin of Marus & Millichap. The property is situated on a 2.7-acre lot and features 24-foot clear heights, 10 dock-high doors, and ample parking. The property is located in the heart of Arlington’s industrial district, which is home to a variety of manufacturing and distribution companies. The buyer of the property has not been disclosed.
The sale of this property is indicative of the strong demand for industrial properties in the Arlington market. With its central location and access to major highways, Arlington has become a hub for logistics and distribution companies. The COVID-19 pandemic has only increased the demand for industrial space as more consumers turn to online shopping, which has led to an increase in e-commerce fulfillment centers and last-mile delivery facilities.
Displays is a leading provider of retail merchandising solutions and has been in business for over 60 years. The company has a nationwide presence and serves a variety of industries, including grocery, convenience, and drug stores. The sale of this property is part of Displays’ ongoing efforts to optimize its real estate portfolio and focus on its core business.
Adam Abushagur and Sam Martin are both Senior Vice Presidents of Investments at Marus & Millichap, a leading commercial real estate brokerage firm. They specialize in the sale of industrial properties and have a track record of success in the Arlington market. Their expertise and knowledge of the local market were instrumental in securing a successful transaction for Displays.
Overall, the sale of this industrial property in Arlington is a positive sign for the commercial real estate market. Despite the challenges posed by the COVID-19 pandemic, demand for industrial space remains strong, driven by the growth of e-commerce and logistics companies. As the economy continues to recover, it is likely that we will see continued demand for industrial properties in markets like Arlington.