Press Release: Sky Management Expands And Extends Keeco Lease in Fayetteville
For Immediate Release – 2/19/2019
Fayetteville – Sky Management Services, LLC, a leading privately held commercial real estate investment, development, and management company, announced that it has signed a long-term lease extension and expansion with Keeco, LLC at Sky’s +/-1.0 million SF I-95 Distribution Center facility located in Fayetteville, NC. Keeco, the largest tenant at the site occupies over 600,000 SF, is a premier home textile supplier, specializing in fashion and basic top-of-the-bed products, window, bed/bath accessories, and patio mats. They have expanded twice at the facility since relocating to I-95 Distribution Center from another Fayetteville property in 2013, most recently expanding into an additional 126,414 SF and extending their term.
“The newly signed lease extension and expansion serves as a testament to the first-class industrial environment at the property and exemplifies the continued demand for distribution and logistics space. The property is ideal for logistics with its immediate access to the I-95 corridor,” said Alex Dembitzer, founder of Sky Management.
Since acquiring the property in 2018, Sky has implemented a comprehensive leasing and capital improvement campaign. The Fayetteville property is a multi-tenanted warehouse and distribution facility situated on 120 acres and strategically located on the Interstate 95 corridor, in close proximity to the Raleigh-Durham metro area. The property features 32-foot clear ceiling heights and a generous parking ratio with abundant loading.
About Sky Management Services, LLC:
Sky Management Services, with offices in Philadelphia and in New York City, is a privately funded and managed real estate company which owns and operates a large, diversified portfolio of properties in the United States. As a principal for its own account, Sky is actively investing in commercial real estate throughout the United States. To learn more and speak to the acquisitions team please contact Marc Civitillo or Erich Schwer at 212-888-6920, or visit www.skyrem.com.