Tread Corp. sells its manufacturing facility in Roanoke for $2.7 million

Paula C. Squires //July 8, 2015//

Paula C. Squires// July 8, 2015//

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The Tread Corp. has sold the 74,724-square-foot manufacturing facility in Roanoke where it has been located since 2004 for $2.7 million. However the company signed a long-term triple net lease to remain in the building, according to Poe & Cronk Real Estate Group, which brokered the sale-leaseback deal.

The building is located at 176 Eastpark Drive.

Dennis Cronk and Matt Huff represented the Tread Corp. which serves the mining, quarry and construction industries with bulk explosive-handling equipment.

Doug Wright of Harris Commercial in Christiansburg represented the buyer, Lester Development Corp., based in Martinsville.

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