Joint partnership acquires Class A industrial park in Atlanta MSA
JLL Capital Markets closed the sale of Greenpoint Industrial Park - Buildings 1-3 in Dalton, Georgia
ATLANTA, Jan. 3, 2023 – JLL Capital Markets announced today that it has closed the sale of Greenpoint Industrial Park - Buildings 1-3, a portfolio of newly built industrial assets totaling 522,410 square feet in the Northwest Atlanta community of Dalton, Georgia.
JLL represented the developer and seller, Dossche Holdings, LLC, in the sale to a joint venture between Brennan Investment Group LLC and Global Gate Capital.
Completed in 2022, during construction the buildings were 100% preleased to The Recreational Group. The tenant designs, manufactures and installs premium recreational surfacing products, including synthetic turf and composite modular tile. The three-property portfolio on Duckworth Rd. makes up the first phase of the master-planned Greenpoint Industrial Park. The second phase will add an additional 1.2 million square feet to the park.
The location of Greenpoint Industrial Park puts tenants three miles from Interstate 75, the main North-South transportation artery for the region, providing access to Atlanta and the Midwest. Additionally, the property is 24 miles from the Appalachian Regional Port, which offers CSX rail service to and from the Port of Savannah’s Garden City Terminal.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Managing Directors Dennis Mitchell, Britton Burdette and Matt Wirth, Director Mitchell Townsend and Analyst Bo Osgood.
“This deal signifies the increasingly robust tenant demand and development activity that continues to push up the I-75 North Corridor into Cartersville, Adairsville, Calhoun and Dalton, Georgia” stated Mitchell.
The JLL Industrial Leasing team, led by Austin Kriz and Tom Cromartie, represent Greenpoint Industrial Park for leasing and led efforts to finalize the stabilization of Phase I.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Dossche Holdings
Dossche Holdings is a privately held real estate investment firm that engages in the acquisition, development and management of commercial assets across the Southeast. Headquartered in Dalton, Northwest Georgia’s Flooring Capital, DH was founded by entrepreneur Piet Dossche during 2020 and manages 2 million square feet of industrial and office space with 1.2 million under construction. DH specializes in the ground-up investment and construction of institutional quality facilities that optimize the operations of manufacturing and distribution clients. Our team’s relationship-driven approach and involvement from inception to delivery enables us to capitalize on key opportunities and maximize value for shareholders and clients alike.
About Brennan Investment Group LLC
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $4 billion in industrial real estate. The company’s current portfolio spans 27 states and encompasses 52 million square feet.
Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm’s management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe. For more information on Brennan Investment Group, go to brennanllc.com.
About Global Gate Capital
Global Gate Capital is an investment and wealth management firm that invests in multiple asset classes including real estate, private equity, credit, and listed securities. Global Gate has been investing in real estate since its inception and has deployed significant AUM in the asset class. With offices in Geneva, London, New York and Dubai, Global Gate has grown its assets under management to over $4.5 billion since its founding in 2013.