The 318-acre Atlanta Dragway offered for sale
JLL Capital Markets is marketing the racetrack in Commerce on behalf of the National Hot Rod Association
ATLANTA, Jan. 12, 2021 – JLL Capital Markets announced today that it has been selected by the National Hot Rod Association to market for sale the Atlanta Dragway, a 318-acre racetrack in Commerce, Georgia. The site’s desirable location and flat topography present a unique redevelopment opportunity for a variety of uses in the Interstate 85 North corridor.
The asset currently operates as a fully functional racetrack and consists of a VIP tower with a timing deck, press center and corporate suites; four concessions buildings; three permanent restroom facilities; a management office; parking lot; and excess grass lots. Site dynamics include a rare, flat topography, all major utilities on-site, and multiple access points to major regional thoroughfares, including Hwy 441 and Interstate 85. Proximity to I-85N provides direct access to the Atlanta, Athens and Greenville metro areas.
The city of Commerce is experiencing exploding growth alongside the construction of the $2.6-billion SK Innovations manufacturing facility, one of the largest economic developments in Georgia’s history. The Banks Crossing intersection where the Atlanta Dragway is located has been designated by Banks County as a targeted industrial, commercial and residential development corridor.
The JLL Capital Markets team representing the seller is being led by Jamie Smithson and Conor Welton.
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.