JLL arranges $300M sale of FedEx industrial portfolio across Southeast

ATLANTA, May 29, 2026 – JLL Capital Markets announced today the $300 million sale of a six-property FedEx industrial portfolio totaling approximately 1,592,063 square feet across five Southeast states.

JLL represented the seller, PGIM and Miramar Capital, in the transaction. A confidential buyer acquired the assets.

The strategically located portfolio comprises modern Class A logistics facilities in Punta Gorda, Florida; Anderson, South Carolina; Myrtle Beach, South Carolina; Christiansburg, Virginia; Bristol, Virginia; and Wingate, North Carolina.

Built between 2022 and 2023, the properties feature contemporary design and infrastructure purpose-built for last-mile distribution operations. The portfolio is 100 percent occupied by FedEx under long-term net lease agreements. The facilities range from approximately 251,000 square feet to 337,000 square feet and serve critical logistics markets throughout the Southeast region, providing essential distribution coverage across the Carolinas, Virginia and Florida.

The JLL Capital Markets team representing the seller was led by Senior Managing Directors Britton Burdette, Dennis Mitchell, Luis Castillo and Bill Prutting, along with Managing Directors Jim Freeman, Maggie Dominguez and Bobby Norwood.

"The scale and geographic diversification of this portfolio, spanning five states with newly constructed facilities, reflects the critical role last-mile distribution plays in today's logistics landscape," said Burdette. "PGIM positioned these assets to capitalize on accelerating demand for modern industrial space in markets with strong population growth and consumer spending fundamentals."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group 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. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.4 trillion in assets under management.¹ PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate and alternatives. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

Miramar Capital (Miramar) is a privately-owned real estate investment and development platform specializing in the acquisition, repositioning, and development of industrial, residential, and special situations projects throughout the United States. Miramar was founded in 2017 and today manages approximately $3 billion of assets under management. For more information please visit www.miramarcapital.com

¹ As of March 31, 2026.