Distribution facility in Augusta MSA sells to new investor
JLL Capital Markets led the sales efforts for Global Avenue Logistics Center, a multi-tenant logistics facility in Graniteville, South Carolina
CHARLOTTE – Nov. 10, 2022 – JLL Capital Markets announced today that it has completed the sale of Global Avenue Logistics Center, a 450,033-square-foot, multi-tenant logistics facility in Graniteville, South Carolina.
JLL represented the sellers, Edgewater Ventures and Singerman Real Estate, and procured the buyer, LM Real Estate Partners.
Global Avenue Logistics Center benefits from a centralized location equidistant to the Ports of Charleston and Savannah. Additionally, the property has access to numerous interstates providing multi-market connectivity to the entire Sunbelt region and the cities of Charleston, Savannah, Charlotte, Greenville-Spartanburg and Atlanta. The 30.1-acre site is located at 1043 Global Ave. within the Sage Mill Industrial Park, which is 15 miles from downtown Augusta and immediately adjacent to Interstate 20.
The JLL Capital Markets team representing the seller was led by Senior Managing Directors Pete Pittroff and Britton Burdette, Managing Director Patrick Nally, Director Dave Andrews and Analyst Zach Lloyd.
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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 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 Edgewater Ventures
Edgewater Ventures is a commercial real estate investment firm that is focused on the acquisition and development of industrial, office, life science, residential, and mixed-use assets across the Carolinas. Its team members have dedicated their entire careers to the maximization of real estate value through the identification of opportunities and the first-class operation of assets for its clients and partners. With over 100 years of combined experience and years of working together, the Edgewater team brings a unique corporate culture and passion for the industry that has consistently translated into exceptional results.
About Singerman Real Estate
Singerman Real Estate, LLC (“SRE”) is a Chicago-based opportunistic real estate investment firm that has deep experience executing complex transactions and unlocking embedded value through the ownership of properties, real estate loans and operating companies. The investment focus is on maximizing risk-adjusted returns through investments in both debt and equity across all major asset classes including office, hotel, industrial, life science, retail and multifamily, in addition to some secondary real estate asset classes. Since its formation, SRE has sourced and executed, with partners, over $3.0 billion of investments nationwide. The firm invests through fully-discretionary funds capitalized by institutional investors.
About LM Real Estate Partners
LM Real Estate Partners is a fully integrated real estate company specializing in the acquisition and operation of industrial property.