Search
 

JLL Points to Industrial Tailwinds Fueling Its Commercial Real Estate Strategy

The numbers are telling.

By Jennifer LeClaire | Updated on January 09, 2018
The industrial property is expandable to 1.3 million square feet and has all the attributes of an e-commerce fulfillment center. The industrial property is expandable to 1.3 million square feet and has all the attributes of an e-commerce fulfillment center.

ATLANTA—Mason Mill Distribution Center, a newly-constructed 340,000 square-foot class A industrial property in Atlanta’s northeast submarket of Buford, GA, has traded hands. JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT, acquired the asset for $31 million.

The industrial property is fully leased to a publicly-traded global pharmaceutical distribution company through 2027. The tenant invested heavily in the property which is a mission critical facility servicing the southeast region.

“The fundamental tailwinds benefitting the industrial real estate sector are numerous, and we expect to continue to capture upside associated with this trend as long as it continues,” says Allan Swaringen, president and CEO of JLL Income Property Trust. “This investment brings our aggregate industrial allocation to nearly $560 million and nearly 6 million square feet, and represents 23% of the value of the overall JLL Income Property Trust portfolio.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.