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JRW Realty Closes on Sherwin-Williams Distribution Center in Effingham, IL

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JRW Realty Closes on Sherwin-Williams Distribution Center in Effingham, IL

A 1,283,360-square-foot Sherwin-Williams distribution center in Effingham, Illinois sourced and closed by JRW Realty

PASADENA, Calif.--(BUSINESS WIRE)--Jan 4, 2022--

JRW Realty is pleased to announce that it has closed on the transaction of a 1,283,360-square-foot single-tenant distribution center in Effingham, Illinois. The property is tenanted by Sherwin-Williams, a national investment-grade corporation that manufactures and distributes building materials such as paints and coatings to professional and retail customers across the country.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220104005071/en/

A 1,283,360-square-foot Sherwin-Williams distribution center in Effingham, Illinois sourced and closed by JRW Realty (Photo: Business Wire)

JRW Realty analyst Nathan Webb facilitated the transaction of the property under the guidance of Joel Staffilino, president of multi-tenant retail. SRS National Net Lease Group represented the seller in the transaction.

“This acquisition marks a significant expansion in our sourcing property from the industrial market on behalf of our clients,” said Joel Staffilino, president of multi-tenant retail. “Facilitating the addition of this distribution center materially expands our client’s footprint in the industrial asset class while staying true to their roots of focusing on properties backed by creditworthy and essential businesses. Distribution centers have become vital to retailers as e-commerce and traditional brick-and-mortar retail continues to evolve. We’re increasingly seeing traditional retail locations and retail logistics locations become dependent on one another. We look forward to sourcing additional properties that support necessity-based operators on the distribution side as well as the retail side to provide our clients with opportunities that align with their acquisition strategy.”

The property meets the acquisition criteria of JRW Realty’s buyers, who have a strong appetite for acquiring grocery-anchored multi-tenant shopping centers and individual net-leased properties backed by essential businesses with creditworthy metrics. JRW Realty’s streamlined closing processes enables its team to close transactions in as short as 28 days after going under contract, and the firm’s relationship-based approach to net lease real estate has enabled JRW Realty to source over 15 million square feet of property for its clients.

About JRW Realty

JRW Realty is a commercial real estate brokerage firm that has closed over $3 billion in transactions across over 850 properties on behalf of its clients. JRW Realty's team places special focus on due diligence, reviewing over 100 properties each week and only choosing to source for clients the best 3-4% according to their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220104005071/en/

CONTACT: Multi-Tenant Retail Acquisitions Contacts

Joel Staffilino, President - Multi-Tenant Retail

jstaffilino@jrwrealty.com

(513) 227-4502Nathan Webb, Analyst

nwebb@jrwrealty.com

(470) 387-1031Single-Tenant Net Lease Acquisitions Contact

Melinda Marston, President - STNL

CA DRE #01950977

melinda@jrwrealty.com

(626) 696-2910Media Inquiries

press@jrwrealty.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA ILLINOIS

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY OTHER RETAIL TRANSPORT REIT SUPERMARKET LOGISTICS/SUPPLY CHAIN MANAGEMENT RETAIL RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: JRW Realty

Copyright Business Wire 2021.

PUB: 01/04/2022 09:00 AM/DISC: 01/04/2022 09:02 AM

http://www.businesswire.com/news/home/20220104005071/en

Copyright Business Wire 2021.

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