ATLANTA, Oct. 11, 2023 - JLL Capital Markets announced today that it arranged the $40 million sale of BlueLinx Atlanta IOS, a low-coverage/IOS distribution facility totalling 585,637 square feet in Lawrenceville, Georgia.
JLL worked on behalf of the seller, Stockbridge, to procure the buyer, institutional investors advised by J.P. Morgan Global Alternatives.
The property sits on a 64.7-acre parcel with approximately 55 usable acres and 4.5 additional acres for potential future expansion. Key building features include 28-foot clear heights, active CSX rail spur, eight dock-high doors, 42 grade-level drive-in bays, a fully paved yard and ample storage sheds.
Located at 200 Hosea Rd., BlueLinx Atlanta IOS is situated less than one mile from the Gwinnett County Airport (LZU) and 2.5 miles from the GA-316 & U.S. 29 interchange. The asset is also located 8.9 miles from I-85, which acts as the region's logistical lynchpin connecting three major distribution corridors: I-85, I-20 and I-285, which provide vital distribution connectivity to Atlanta's major population centers and the greater East Coast.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Dennis Mitchell, Matt Wirth and Britton Burdette and Directors Mitchell Townsend and Jim Freeman
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.
Jones Lang LaSalle Inc. published this content on 11 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2023 18:52:22 UTC.
Jones Lang LaSalle Incorporated is a commercial real estate and investment management company. The Company operates through five segments: Markets Advisory, Capital Markets, Work Dynamics, JLL Technologies and LaSalle. Markets Advisory segment offers local expertise across the globe, covering a comprehensive range of services across asset types. It aggregates such services into three categories: Leasing, Property Management, and Advisory, Consulting and Other. Capital Markets segment provides full-service capital solutions, including Debt advisory, Loan sales, Equity advisory, Loan servicing, and Investment sales and advisory. Work Dynamics segment offers a single, cohesive service delivery team. JLL Technologies segment offers professional services, including program and project management, implementation and support, managed services, and advisory/consulting services. LaSalle segment invests institutional and individual capital in real estate assets and securities.
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