Aptar Group, an Illinois-based beauty, pharmaceutical and food and beverage supplier, acquired the industrial facility at 3300 Finger Mill Road in Lincolnton, NC, from AEW Capital Management LP for $12 million, or about $37 per square foot.
Delivered in 2001, the former Robb & Stucky facility totals 317,834 square feet. Aptar plans to invest $50 million in the property and to create 150 new employment opportunities at the site over the next five years. Renovations will convert the property from a concrete tilt industrial building into a manufacturing facility.
Warren Snowdon, SIOR of Cushman & Wakefield Thalhimer represented Aptar.
For more information, please refer to CoStar COMPS #2157252.