Raleigh, NC (January 12, 2016) — W. Michael (Mike) Lewis, CCIM, SIOR and Principal of The Lewis Group/CORFAC International announced that he has represented Fairway Media Group LLC in the acquisition of $2,295,000 office-flex facility in Raleigh.
The seller in the deal was Schmalz Inc. Fairway Media is an outdoor media and billboard advertising company. Fairway Media has leased back the facility to Schmalz until Spring of 2016 when Fairway Media, based Roswell, GA, plans to take occupancy.
Fairway Media purchased a 19,742-square-foot, two-story building on a 1.79-acre lot located at 5200 Atlantic Avenue, Raleigh. The fully conditioned building has offices on the top floor while the ground level has assembly space, a loading dock, ramp and drive-in door.
Schmalz Inc. is part of the international Schmalz-Group. According to its website, the company is a leader in vacuum technology in automation, handling and clamping applications and serves a host of industries such as aerospace, automotive, chemicals/pharmaceuticals, glass, plastics, packaging and solar, among others.