Seven-building light industrial portfolio sells near Atlanta
JLL Capital Markets assists Rialto Capital Management in portfolio sale
ATLANTA, Jul. 25, 2023 – JLL Capital Markets announced today that it arranged sale of a seven-building, light industrial portfolio across infill Atlanta submarkets. The transaction is representative of continued investor interest in locations with high barriers to entry paired with limited new supply.
JLL and Wilson, Hull, & Neal represented the seller, funds managed by Rialto Capital , and procured the buyers.
The assets were built between 1970 and 1978 and have clear heights ranging from 16 to 22 feet across the portfolio. The properties are 95.6% leased to 23 tenants.
The JLL Capital Markets Investment Sales and Advisory team was led by Matt Wirth, Jim Freeman, Britton Burdette, Dennis Mitchell and Mitchell Townsend.
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 Rialto Capital
Rialto Capital is a fully integrated real estate investment management, asset management, and operating company. Rialto Capital was formed in 2007 and since its founding, has participated in the investment of billions of dollars of equity in real estate assets. The company invests and manages assets throughout the capital structure in real estate properties, loans, and securities. For more information, please visit www.rialtocapital.com.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.