This single-tenant facility was acquired from a long-term owner that was in need of liquidity. The asset is rail-served and adjacent to Columbia International Airport. It was leased to a leading third-party logistics firm with rents 40% below market rates at the time of acquisition. PRP renewed the tenant at market rents, thereby positioning the asset for sale to an institutional investor. The property sold in 2013, far exceeding initial projected underwritten return.