NAI G2 Commercial Brokers $8 Million Sale of 16 Corporate Ridge Parkway
Tuesday, February 28th, 2023
NAI G2 Commercial Real Estate, a member of the world’s premier managed network of commercial real estate firms, announced today that it represented Ring Spin, LLC in last week’s sale of 16 Corporate Ridge Parkway, Columbus, GA to Tremco CPG, Inc.
“The sale of 16 Corporate Ridge is one of the most significant our company has completed, also one of the largest recent industrial transactions in the West Georgia / East Alabama region” said David Johnson, Principal and Managing Broker of NAI G2 Commercial. “Negotiations began in early 2022 and included our client, the property owner, their tenant, and grew to include the subtenant and a team of three brokerages from two U.S. states and Canada. This was one of the most challenging and complex transactions we’ve handled. The new owner intends to expand its Columbus operations at the facility, ultimately creating over 100 new jobs for Columbus’ economy. We’re pleased to have been part of this project, particularly in creating a very successful outcome for all parties.”
16 Corporate Ridge Parkway is a 276,590 SF former textile manufacturing facility. Clean and well-maintained with 22' clear ceilings, 44' x 44' column spacing, 6 docks, and 2 drive-in doors, it includes +/-10,000 SF of office, 7 restrooms, 2 large break rooms, and 128 parking spaces. The site is controlled access with ample room for expansion.