Sale of $50 million infill industrial portfolio closes in Atlanta
JLL Capital Markets completes sale of 581,750-square-foot, five-property deal
ATLANTA, Apr. 13, 2023 – JLL Capital Markets announced today that it has closed the $50 million sale of the I-20 West portfolio, an infill industrial portfolio consisting of five properties totaling 581,750 square feet and a drop lot utilized for trailer storage, located in Atlanta.
JLL represented the seller, Everwest Real Estate Investors, LLC. and procured the buyer, Taurus Investment Holdings, LLC.
The properties are located in the I-20 West corridor at 1520 and 1650 Westfork, 6070 Fulton Ind. Blvd. and 6140 and 6200 Purdue in Southwest Atlanta. In addition, the sale included trailer storage at 6100 Purdue, which spans 4.62 acres with 87 spaces. Key features of the properties include clear heights ranging from 18 to 24 feet, with rear-load, cross-dock and front-load capabilities, 138 dock-high doors and11 drive-in doors. The properties are 100% occupied and are situated on 25.64 acres. All the properties are located close to Interstate 20 providing east/west access and Interstate 285 providing access to the entire Atlanta Metro area.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Matt Wirth, Dennis Mitchell and Britton Burdette.
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, please visit JLL’s newsroom.
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 $20.9 billion, operations in over 80 countries and a global workforce of more than 103,000 as of December 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Taurus Investment Holdings, LLC
Established in 1976, Taurus is a global real estate private equity firm with over 45 years of experience as a general partner, investor, and operator. By empowering and combining the strength of in-house experts in the fields of multifamily, office, logistics, mixed-use, and renewable energy, the firm has created targeted, scalable investments into value-add, core-plus, and development opportunities.Taurus is focused on using innovative energy efficient technologies to make the extensive infrastructure investments required to decarbonize residential and commercial buildings through its EcoSmart Solution and RENU Communities affiliates.Throughout North America and Europe, Taurus is consistently recognized as one of the premier owners of both directly managed and joint venture commercial real estate. To date, Taurus has purchased and developed more than 65 million square feet of residential, office, industrial, retail and other commercial real estate assets throughout the world with a total acquisition value of over $9.25 billion. tiholdings.com.
About EverWest Real Estate Investors LLC
EverWest Real Estate Investors (“EverWest”) is a real estate investment advisor providing investment management services throughout the U.S. including acquisitions, asset management, development and property management for our investors. With $5.3 billion in assets under management, EverWest clients invest through separately managed accounts and commingled funds. The firm is headquartered in Denver with regional offices in New York City, Charlotte, Los Angeles, San Francisco and Austin metro areas. EverWest is an affiliate of Sagard, a leading global alternative asset management platform within the Power Corporation of Canada ecosystem. For more information, visit everwest.com.