JLL closes sale-leaseback of industrial facility

CHARLOTTE, May 11, 2020 – JLL Capital Markets announced today that it has closed the sale-leaseback of a 126,363-square-foot, single-tenant, fully leased manufacturing facility in the Charlotte-area community of Harrisburg, North Carolina.

JLL marketed the property on behalf of the seller, Wilbert Plastic Services (WPS). AIC Ventures purchased the asset and executed a long-term, absolute net lease with the seller.

The building will continue to be a mission-critical location for Wilbert Plastic Services, a premier thermoforming and injection molding company. Situated on 15.64 acres at 7301 Caldwell Rd., the building is along the I-85 corridor, which is one of the premier distribution locations within the Charlotte market, and half an hour from the WPS headquarters and thermoforming facility in Belmont. This location is two miles from Interstate 485, five miles from Interstate 85 and provides exception regional access

The JLL Industrial Capital Markets team representing the seller was led by Managing Director Pete Pittroff, Senior Director Patrick Nally, Associate Val Derrick and Analyst Dave Andrews.

“Industrial demand remains strong in the Carolina’s markets particularly for quality assets with quality tenants,” Pittroff said. “This transaction led to a positive outcome for our client, and we would like to thank AIC Ventures for their efficient approach.”

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 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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Wilbert Plastic Services is a premier injection molding and thermoforming plastic solution provider in the U.S. With more than 50 years of plastic manufacturing experience, Wilbert serves as a supplier for many of the world’s largest OEMs that operate in twelve industrial markets. For more information, visit wilbertplastics.com. 

AIC Ventures is an investment fund manager providing alternative capital solutions to middle-market companies throughout the U.S.A. The company acquires existing property and creates new leases, acquires property that is already leased or performs build-to-suit capital for new property. Visit aicventures.com for more information.