Tire office-warehouse sold for $9.3 million

The American Tire Distributors facility at Airline Highway and Manchac Park Road has been sold for $9.3 million.

Cole Corporate Income Trust, a Phoenix-based real estate investment trust, bought the 125,000-square-foot building at 17200 Manchac Park. The seller was Scannell Properties of Indianapolis, which built and developed the office-warehouse in the 5000 block of Airline.

John Bacon, vice president of real estate marketing with American Realty Capital Partners, which recently announced plans to merge with Cole, said the deal is part of the company’s strategy to focus on office and industrial properties.