News release

Infill Atlanta industrial complex trades

JLL Capital Markets closed the sale of the eight-building light industrial property in the West Midtown area

February 08, 2022

Kimberly Steele

Occupier PR
+1 713 852 3420

ATLANTA, Feb. 8, 2022 – JLL Capital Markets announced today that it has closed the sale of Seaboard Park, an eight-building light industrial complex totaling 267,442 square feet in Atlanta’s West Midtown area.

JLL marketed the property on behalf of the seller, a partnership between SilverCap Partners, Weaver Capital Partners and The Seng Company. Link Logistics acquired the asset.

Seaboard Park is 95 percent leased to six tenants in diverse industries, including Georgia-Pacific, InterContinental Hotels Group, Zep and Door Dash. The property offers the tenants features such as multiple loading positions and ample parking.

From its irreplaceable location at 1310 Seaboard Industrial Blvd NW, Seaboard Park’s tenants can reach over 1.5 million people – comprising the majority of their respective customer bases – in under 30 minutes. The facility is proximate to some of Atlanta’s critical logistical infrastructure, including Interstates 75 and 285, the Norfolk Southern – Inman Rail Yard and CSX Howell yard. Additionally, it is in Atlanta’s Upper Westside, a rapidly developing extension of West Midtown that provides proximity to Buckhead, Midtown and the Northwest Atlanta suburbs.

The facility is within Atlanta’s Chattahoochee Industrial submarket, a highly sought-after, infill submarket. According to JLL Research’s Atlanta Industrial Insight report, this submarket ended the fourth quarter of 2021 with a low 4.1 percent vacancy rate. Additionally, with no completions and no space currently under construction at the end of 2021, competition for space is high for both tenants and investors attracted to infill industrial product.

The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Matt Wirth, Huston Green, Dennis Mitchell, Britton Burdette, Jim Freeman and Maddie Davis, with assistance from Joseph Rogers and Jamie Hargather with Wilson Hull & Neal.

“The deep and varied buyer pool for Seaboard Park was evidence of the continued demand for irreplaceable infill industrial assets,” Wirth said. “Along with the extreme growth potential in rental rate from an industrial perspective, the Upper Westside location also means there’s unique long-term upside and flexibility with the potential for adaptive reuse. It’s rare to find those qualities while also having a significant credit story, which the seller was able to put together in leasing the buildings to tenants like Georgia-Pacific, IHG, DoorDash and Saltbox.”

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 $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About SilverCap Partners

SilverCap Partners is a real estate private equity firm focused on the Southern Sunbelt region of the United States. The firm's expertise crosses multiple property sectors with a predominant focus on industrial, residential and office investments. SilverCap operates in segments of the real estate market where it has high conviction in the long-term demand drivers and believes a combination of capital and operational expertise can serve as a positive catalyst for future value.

About Weaver Capital Partners

Weaver Capital Partners was formed in 2013 and primarily focuses on value-add real estate. The company was founded by Jay Weaver, who is based in Charleston, South Carolina, and develops office, industrial, retail and mixed-use properties in the Southeastern United States. During his 25-year history in real estate, he has capitalized on exploiting trends, finding untapped value and avoiding marketplace competition. His development experience includes both renovating and repositioning buildings as well as ground up construction. Projects include Puritan Mill in Atlanta, Edgehill Village in Nashville and the Cigar Factory in Charleston. Learn more at

About The Seng Company

The Seng Company is a private real estate investment firm that is active in acquiring or capitalizing commercial and residential real estate in the Southeast. The firm seeks opportunistic and value-add investments across all major commercial property types including office, industrial, retail, residential, hotels and mixed-use projects. While applying their strict investment discipline, The Seng Company has the ability to provide capital in a broad range of debt or equity structures and positions within a project’s overall capitalization. The Seng Company’s success in realizing attractive risk-adjusted returns is rooted in our adherence to an investment discipline focused on value and risk control.

About Link Logistics 

Link Logistics, established by Blackstone in 2019, is a leading national provider of logistics real estate solutions designed to meet the needs of the modern supply chain. The company operates the largest portfolio of high-quality logistics real estate assets located exclusively in the U.S. Link Logistics has more than 5,800 customers and 400 million square feet of logistics facilities across key distribution markets, particularly strategic last-mile locations in the U.S. Link Logistics has the scale, geographic footprint and logistics expertise, as well as a heightened focus on sustainability to power the supply chain of tomorrow. For more information regarding the company, please visit