ATLANTA, December 7, 2021 –JLL Capital Markets today announced the closing of the sale of a new 425,660 square foot Class A single-tenant distribution building in Atlanta (McDonough), Georgia.
JLL marketed the property on behalf of the seller, PNK Group. The property was acquired through KKR’s core plus real estate strategy for the Americas.
Completed in 2021, the transshipment building features 36 feet of headroom, LED lighting, ESFR fire protection, 50 loading bays, 97 trailer parking spaces and a low office finish. The building sits in a planned 260-acre new industrial park that includes a full suite of top-notch amenities, including landscaped hiking and biking trails; charging stations for electric cars; food courts with rest areas; modern building designs; and two access points to Interstate 75.
The asset is located in the McDonough Industrial Micromarket, a desirable location on the larger I-75 South submarket. This location provides easy access to Atlanta’s five major thoroughfares, allowing the tenant to reach over three million people in a 60-minute drive and access approximately 80 percent of the U.S. population within two days of driving. The Hartsfield-Jackson International Airport is 25 miles from the hotel. The Port of Savannah is approximately 200 miles from the property.
The JLL Capital Markets sales and investment advisory team representing the seller was led by Britton Burdette, Matt Wirth, Dennis Mitchell and Mitchell Townsend.
“The leading credit that supports the lease and the cutting edge design of the base building provided a critical component that balanced the overall portfolio this property was a part of and helped drive homebuyers’ demand for the supply,” said Burdette.
JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupiers. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients – whether it is investment sales and advice, debt advice, equity advice or recapitalization. The company has more than 3,000 capital markets specialists around the world with offices in nearly 50 countries.
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