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Property acquired by Argentina-based private equity concern
Rich Griset //March 14, 2021//
Property acquired by Argentina-based private equity concern
Rich Griset// March 14, 2021//
An Argentinian private equity partnership purchased a 280,900-square-foot manufacturing facility in Salem for $12.7 million.
Located at 6450 Technology Drive, the property is leased to the Mack Trucks Inc. division of AB Volvo Group. Mack Trucks employs 250 people at the Roanoke Valley Operations facility in Salem, where it’s producing a new line of medium-duty trucks. The plant is about 45 miles from sister company Volvo Trucks North America’s factory in Dublin, which makes heavy-duty trucks.
The seller was an individual investor based in Virginia; a spokesman for real estate investment brokerage firm Stan Johnson Co. declined to release further information about the buyer and seller.
Stan Johnson Co.’s Rob Gemerchak marketed the property on behalf of the owner.
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