3-building light industrial/flex portfolio sells in Norcross
JLL Capital Markets closed the sale of the business park properties near Atlanta
ATLANTA, December 21, 2020 – JLL Capital Markets announced today that it has closed the sale of a three-building light industrial/flex portfolio situated within Gwinnett Park in the Atlanta-area community of Norcross, Georgia.
JLL worked on behalf of the seller, Dogwood Industrial Properties, a TPG Real Estate Partners portfolio company that acquires, owns and operates high-quality, infill, multi-tenant industrial assets in strategic, growth-oriented metropolitan markets. PEYKAR Capital purchased the assets.
The portfolio is 76.5 percent leased to a broad range of 15 tenants, including Zenith Education Group, Speed Laboratory and Seikoh Giken. Situated on 13.2 acres at 1750 Beaver Ruin Rd. and 4405 B and C International Blvd., the portfolio’s assets are within the Northeast Industrial submarket, one of Atlanta’s strongest and most active industrial submarkets. This amenitized location has direct accessibility to Interstate 85, one of city’s most traveled thoroughfares, and the properties are also within established Gwinnett Park, a more than 2.5 million-square-foot business park.
“The acquisition of the Gwinnett Park portfolio represents the continued investor demand for well-located light industrial product in Atlanta’s infill submarkets like the Northeast Industrial submarket,” 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.
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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 $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.