Eight-building infill industrial park sells in Northeast Atlanta
JLL Capital Markets led the sales efforts for Regency Center in Georgia
ATLANTA, May 21, 2024 – JLL Capital Markets announced today that it arranged the sale of Regency Center, an eight-building industrial park totalling 264,339 square feet in a sought-after ‘suburban infill’ location within Atlanta’s Northeast submarket.
JLL represented the seller and procured the buyer, Richland Capital Holdings.
The industrial park spans 20.436 acres and features 36 suites, rear-load configurations, clear heights ranging from 16 to 20 feet, 67 dock-high doors and 12 grade level doors. Regency Center is 91 percent occupied by 31 tenants.
The Park is positioned on Jimmy Carter Boulevard, one of Atlanta’s most significant industrial corridors, and is just 1.4 miles from I-85 – Atlanta’s busiest interstate. This location allows immediate access to critical local and regional distribution arteries including Peachtree Industrial Boulevard (1.6 miles), Buford Highway (0.2 miles), as well as Atlanta’s auxiliary interstate I-285 (3.8 miles) which connects I-85 to I-75 and I-20.
The JLL Capital Markets team was led by Senior Managing Director Matt Wirth, Director Jim Freeman, and Senior Managing Directors Dennis Mitchell and Britton Burdette.
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 Richland Capital Holdings
Richland Capital Holdings, a privately-owned, diversified real estate investment company headquartered in Tampa, Florida, is dedicated to expanding its portfolio of institutional-quality commercial real estate across various investment strategies (core, core plus, value-add, opportunistic). The firm primarily seeks to acquire single- and multi-tenant industrial properties, as well as Class A/B multifamily assets, in key markets with a geographic emphasis across the Sunbelt (including the South, Southeast, and Southwest). Please direct all inquiries or prospective acquisitions to: Acquisitions@richlandcapital.com.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.