By Megan Miller, Editor
BIRMINGHAM – Sanders Capital Partners, LLC, a real estate acquisition and development firm, has acquired the Express Oil Distribution Center in Trussville.
SCP purchased the 34,000 square foot space for $2.185 million. Express Oil will continue to operate the facility, according to a press release from SCP.
“We are very pleased to work with such an outstanding organization as Express Oil Change. This distribution center represents an opportunity to combine a compelling long-term investment return with an exceptional tenant poised for future growth that will support its operations at the facility,” said Jackson Stewart, General Counsel for Sanders Capital Partners. “This acquisition builds on a portion of SCP’s investment strategy to increase exposure to smart light industrial offerings.”