Infill Atlanta industrial properties seeing unmatched demand

ATLANTA, Apr. 29, 2021 – JLL Capital Markets announced today that it has closed the sale of two fully leased, infill industrial facilities in highly sought-after logistical locations just outside of Atlanta’s I-285 perimeter, demonstrating continued demand for infill assets proximate to dense population centers.

JLL marketed the property at 1235 Commerce Rd. on behalf of the seller, BH Properties. Faropoint purchased the asset. 5351 Royal Woods Pkwy. was marketed on behalf of AIC Ventures, and Welcome Group LLC acquired the asset.

As older, obsolete industrial product inside of the I-285 perimeter is increasingly demolished or redeveloped into other uses, urban infill markets are experiencing a shortage of supply, resulting in demand levels never seen before. Industrial inventory within the I-285 perimeter has decreased by more than 30% over the past 20 years, leading to consistent flight to alternate infill areas such as Morrow and Tucker, where these properties are located.

1235 Commerce Rd. is an approximately 160,000 square-foot multi-use logistics facility fully leased to nine tenants. Completed in 1984, the asset is in a last-mile location in Morrow less than 10 miles south of Hartsfield-Jackson International Airport. Additionally, the property has immediate access to Interstates 85, 285, 75 and 675, allowing the tenants to reach nearly three million people within a 45-minute drive and 80 percent of the U.S population within a two-day drive.

5351 Royal Woods Pkwy. is an approximately 50,000-square-foot, single-tenant infill industrial warehouse triple net leased to Torsion Group Corp., a value-added distributor and manufacturer of commercial and residential garage doors parts and accessories. Completed in 1989, the Tucker facility is within five and a half miles of the I-285 perimeter and resides in the Stone Mountain Industrial submarket, one of Atlanta’s tightest and densely developed infill submarkets.

The JLL Capital Markets team representing the sellers was led by Dennis Mitchell, Matt Wirth, Britton Burdette and Mitchell Townsend.

“The sale of these two assets represents the continued demand for infill assets in primary markets, and we expect investor demand to continue in this space,” Dennis Mitchell said.

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.

For more news, videos and research resources on JLL, please visit our newsroom.