CHARLOTTE, August 12, 2020 -JLL Capital Markets announced today that is has closed the $31.75 million sale of Oates Crossing, a four-building, Class A light industrial/flex portfolio totaling 235,400 square feet in the Charlotte community of Mooresville, North Carolina.

JLL marketed the property on behalf of the seller, Corporate Center Properties. RealOp Investments purchased the asset.

Oates Crossing is a best-in-class light industrial portfolio that is one of only two Class A parks in the submarket. Originally developed by the seller in 2005 and expanded through 2018, the portfolio is leased to 13 tenants. The property is situated on 15.94 acres at 105 and 115 Corporate Center Drive and 120 and 128 Talbert Road in the Lake Norman area adjacent to Interstate 77.

The JLL Capital Markets team representing the seller was led by Senior Directors Patrick Nally and Hunter Barron and Senior Managing Director Pete Pittroff.

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 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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Jones Lang LaSalle Inc. published this content on 12 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2020 13:37:17 UTC