FD Stonewater completed the acquisition of the Alside Distribution Center, a 222,554 square foot single-tenant value-add
industrial building located in Yuma, AZ. The property is leased to Associated Materials (the parent company to Alside), an exterior
homebuilding materials manufacturer, with 4.7 years of lease term remaining. The property was built-to-suit by the Ryan Companies
in 2005 for the assembly and distribution of Alside branded windows. The industrial facility has 25-foot clear heights throughout
the warehouse, an internal crane system, 50-foot column spacing, 22 dock high truck doors, and 60-foot concrete truck apron. The
property was designed with capacity to expand the building by over 50,000 square feet. The property’s location in Yuma, AZ, is
mission critical to the tenant’s operations due to its access to high growth southwest markets and to cost-efficient labor, which have
led to multiple building lease renewals since delivery.

Category: Investment/AM