LITTLE
ROCK, Ark., May 2, 2024
/PRNewswire/ -- Tempus Realty Partners, an Arkansas-based real estate investment
partnership, is thrilled to announce the acquisition of an
industrial property valued at $7.6
million. The strategic purchase marks a significant
milestone for Tempus, as the company's total investments now exceed
$1 billion.
The newly acquired property, located in Elkton, MD, spans over 94,871 square feet of
prime industrial space. The property is occupied by Micropore.
"We are immensely proud to announce Tempus' latest achievement –
a strategic $7.6 million industrial
acquisition that has propelled our total investments to cross the
$1 billion mark," Dan Andrews, Tempus Realty Partners CEO, said.
"As we continue to expand and grow, we remain focused on delivering
exceptional value for our investors."
The industrial sale-leaseback in Elkton features state-of-the-art facilities
ideal for the tenant's cutting edge manufacturing process.
Micropore packages fine powder chemistries into solid absorbent
cartridges that are used to absorb carbon dioxide in rebreathing
and life support systems for commercial, medical and military
applications across the globe.
This purchase is part of Tempus' strategy to further invest in
the thriving industrial sector with a focus on middle market
manufacturing companies. As Tempus celebrates $1 billion invested, the firm remains determined
to continue growing and forming win-win solutions for both
investors and tenants.
ABOUT TEMPUS REALTY PARTNERS
Tempus Realty Partners is an investor-centric real estate
investment partnership focused on acquiring and developing
commercial real estate mainly in the South and Midwest. The
strategy of Tempus is to create superior risk-adjusted returns via
unique commercial real estate opportunities by investing with its
network of partners in targeted cities. Tempus has acquired more
than $1 billion of property in 25
states since forming in 2016.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/tempus-realty-partners-acquires-7-6-million-industrial-property-surpassing-1-billion-invested-302134343.html
SOURCE Tempus Realty