Samet sells property to UPS for Alamance facility in $9.43 million package - Triad Business Journal
United Parcel Service has purchased the property for its planned 510,000-square foot, $262-million distribution and delivery center in eastern Alamance County.
Samet Corp., which will build the facility, sold approximately 175 acres and a 134,000 SF spec building at North Carolina Commerce Park to UPS for $9.43 million. Brian Hall, Samet's director of development, told Triad Business Journal on Tuesday that the sales price included some site preparation, due diligence and entitlements.
Just prior to the sale, Samet acquired approximately 160 acres of the land — purchased by the company in two transactions of two tracts each — for about $5.5 million. Samet included another 15 acres with the existing spec building as part of the deal.
United Parcel Service has purchased the property for its planned 510,000-square foot, $262-million distribution and delivery center in eastern Alamance County.
Samet Corp., which will build the facility, sold approximately 175 acres and a 134,000 SF spec building at North Carolina Commerce Park to UPS for $9.43 million. Brian Hall, Samet's director of development, told Triad Business Journal on Tuesday that the sales price included some site preparation, due diligence and entitlements.
Just prior to the sale, Samet acquired approximately 160 acres of the land — purchased by the company in two transactions of two tracts each — for about $5.5 million. Samet included another 15 acres with the existing spec building as part of the deal.
