Located at 1605 Northern Plains Drive, the 2022-completed property features 217,323 square feet of Class-A industrial distribution space. The acquisition aligns with FedEx’s “Network 2.0” initiative announced in April to consolidate facility footprints in rural markets, according to BayBridge.
Commercial Observer Acquisition, Channel, Finance, AJ Felberbaum, Jay Miller, Spencer Miller, North Dakota, Baybridge Real Estate Capital, Bravera Bank, FedEx, Ruedebusch Development, The Wideman Company The Wideman Company has sealed $24.8 million of acquisition financing to purchase a FedEx distribution center in Bismarck, N.D., Commercial Observer has learned. Bravera Bank provided the senior loan toward Wideman’s $38.2 million acquisition of South Bismarck FedEx Distribution Center from Ruedebusch Development. BayBridge Real Estate Capital’s Jay Miller, AJ Felberbaum and Spencer Miller arranged the
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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