Carboline Distribution Center

Acquired in 2021, the Carboline Distribution Center is a build-to-suit industrial facility located in Lake Charles, Louisiana. The asset totals 100,035 SF and is 100% NN leased to Carboline, a wholly owned subsidiary of RPM International Inc. (S&P: BBB- / Moody’s: Baa3). Carboline is the #1 distributor of corrosion control and fireproofing coatings in the U.S. The asset is ideally situated two miles from Carboline’s manufacturing facility and features 10 dock doors and a 28-foot ceiling height. The locational attributes of this asset are exceptional for a distribution center, being positioned on the Port of Lake Charles (the 11th busiest port district in the U.S.).