LBA Logistics recently purchased two industrial properties in the Union Cross Industrial Park near Winston-Salem for $38.16 million. The seller was Westcore. The Triad Business Journal reports Westcore purchased the two Millennium Drive properties from developer Front Street Capital for a combined $36.9 million in 2022.
LBA purchased the industrial buildings at 4991 Millennium Drive and 4980 Millennium Drive for $21.8 million and $16.4 million, respectively.
The 4991 Millennium Drive property contains a 200,000-square-foot building on a 21.5-acre site. Bunzl Distribution USA Inc. opened its $13.4 million plant at the site in 2019…