JLL arranges the sale of BSN Medical Distribution Facility in Conover, North Carolina
News release
14 May 2024
BSN Medical Distribution Facility sells in Charlotte, NC MSA
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CAROLINAS, May 14, 2024 – JLL Capital Markets announced today that it arranged the sale of BSN Medical Distribution Facility, a 149,987 square foot, mission-critical use facility in Conover, North Carolina.
JLL represented the seller, Founders Properties, LLC, and procured the buyer, Diamond Properties.
The property is located at 1011 Keisler Road in Conover, NC and is fully leased to BSN Medical, Inc, an Essity Company with 5.4 years of lease term remaining. BSN Medical Distribution Facility was renovated in 2009 and features rear- and side-load configurations, 27 dock-high doors, and 82 parking spaces spanning 17.22 acres providing potential expansion capacity.
BSN Medical Distribution Facility benefits from its proximity to I-40, providing national and regional connectivity to various cities including Asheville, Greensboro-Winston-Salem, Raleigh-Durham and Charlotte. It also boasts direct access to all major regional thoroughfares, including I-77, I-26 as well as I-85, the logistics super corridor of the Southeast.
The JLL Capital Markets team was led by Senior Managing Director Pete Pittroff, Senior Director Dave Andrews, Director Josh McArdle, Associate Michael Scarnato and Analyst Allan Parrott.
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.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Founders Properties, LLC
Founders Properties is a privately held real estate investment management company based in Minneapolis, MN. The firm has been investing in private commercial real estate for 25 years on behalf of high net worth and institutional investors. Founders Properties specializes in industrial properties.
About Diamond Properties
Diamond Properties is a privately held commercial real estate investment management company located in Mount Kisco, NY. Founded in 1995, the firm currently owns in excess of 90 properties totalling 16 million square feet across 12 states.