Infill industrial facility near Atlanta sells
JLL Capital Markets closed the sale of the single-tenant property in a highly sought-after logistics location in Morrow, Georgia
ATLANTA, Sept. 23, 2021 – JLL Capital Markets announced today that it has closed the sale of a 203,850-square-foot, fully leased, single-tenant, low-coverage industrial facility in the Atlanta-area community of Morrow, Georgia.
Situated on 15.16 acres, the facility is positioned in an infill area with a strong surrounding labor pool. This highly sought-after logistics location facilitates quick access to Atlanta’s five major interstates – Interstate 20, 75, 85, 285 and 675 – along with Highway 41, which allows the tenant to reach nearly three million residents within 45 minutes. Additionally, 80 percent of the U.S. population is within a two-day drive of the property, and Atlanta’s Hartsfield-Jackson International Airport is only 8.9 miles from the facility.
The front-load building was constructed in 1973 and features a 28-foot clear height, 19 dock-high doors, one dock-high door with ramp and 11 additional available knock-out panels.
The JLL Capital Markets Investment Sales Advisory team that represented the seller was led by Matt Wirth, Dennis Mitchell, Britton Burdette and Mitchell Townsend.
“The sale of this asset exemplifies the intense demand for low-coverage, infill assets in primary markets,” 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 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.
For more news, videos and research resources on JLL, please visit our newsroom.
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 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Richland Capital Holdings
Richland Capital Holdings is a Florida-based company focused on acquiring stabilized, opportunistic and value-add commercial real estate in strategic markets across the United States. The firm primarily seeks to acquire single- and multi-tenant industrial properties and Class A/B multifamily assets in bourgeoning metropolitan markets, with a geographic concentration across the sunbelt regions of the South, Southwest and Southeast. Please direct inquiries to: Acquisitions@richlandcapital.com.