On behalf of Ball Corporation, Binswanger is pleased to announce the sale of their modern, single-story 261,105 sq. ft. industrial facility on 15.74 acres located at 750 Old Abingdon Highway in Bristol, Virginia.
The property was purchased by American Merchant, Inc. The Merchant House International Group has more than 27 years of experience in sourcing, producing and selling consumer products with emphasis on footwear, home textiles, seasonal decorations and gifts. The company plans invest $19.9 million into the building which will be used for the production of bath towels. The project will eventually bring 405 new jobs to the area.
The facility is located less than one mile south of exit 5 on Interstate 81; 20 miles to Tri-Cities Commercial Airport and nine miles to Virginia Highlands Airport.
The transaction for the seller was handled by Doug Faris, Senior Vice President in Binswanger’s Charlotte, North Carolina office.
Headquartered in Philadelphia, Pennsylvania, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.