Salem Partners Announces Successful Closing of a $130 Million Acquisition

Salem Partners, LLC (“Salem”) is pleased to announce a successful closing of a $130 millionacquisition of a brand new 1.1 million square foot, mission critical industrial and distribution facility(the “Property”) 100% leased to Ford Motor Company (“Ford”) in suburban Detroit, MI.

The acquisition closed in April of 2022 between a net-lease focused REIT and the original Property developer. The Property serves as one of the main logistics nodes for Ford’s parts division for North America and was a build-to-suit development by the original developer.