JLL closes $116.5M sale of a state-of-the-art industrial portfolio in Dalton, GA

ATLANTA, Apr. 30, 2025 – JLL Capital Markets announced today the $116.5 million sale of two state-of-the-art industrial buildings totaling 1,176,744 square feet at Greenpoint Industrial Park in Dalton, Georgia.

JLL represented the developer and seller, Dossche Holdings, in the sale. A joint venture between LX Pantos and KOBC (Korea Ocean Business Corporation) advised by IGIS Asset Management acquired the asset.

The Class A portfolio consists of two fully leased buildings situated in a newly constructed logistics park. 128 Innovation Drive, completed in 2023, spans 603,166 square feet, and 342 Innovation Drive, finished in January 2024, totals 573,578 square feet. Both facilities feature 36-foot clear heights, 60-mil TPO roofs with 20-year warranties, ESFR fire sprinklers, highly functional concrete truck courts and ample dock doors.

Situated in Dalton, Georgia, a top production submarket in the Southeast, the properties are strategically positioned along the I-75 North Corridor between Atlanta and Chattanooga. The buildings benefit from proximity to the Appalachian Regional Port, offering efficient intermodal transportation options. Additionally, Dalton's robust manufacturing base and access to a skilled labor force make it an attractive location for industrial tenants.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Dennis Mitchell and Britton Burdette and Managing Directors Jim Freeman and Maggie Dominguez. The JLL International Capital Coverage team, led by Managing Director Miyeon Lee, sourced the buyer and provided full support throughout the process. The JLL Industrial Leasing team, led by Austin Kriz, Tom Cromartie and Rachel Roberts, spearheaded the leasing efforts for the properties.

"This transaction underscores the transformative impact of investments like Hanwha Q Cells in Northwest Georgia," said Mitchell. "The solar manufacturing boom is an example of significant developments that are reshaping the region's industrial landscape and driving demand for high-quality assets along the I-75 North Corridor. These investments are attracting top-tier tenants and fueling substantial growth in both the labor market and the broader economy."

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.

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Dossche Holdings is a privately held real estate investment firm that engages in the acquisition, development and management of commercial assets across the Southeast. Headquartered in Dalton, Northwest Georgia’s Flooring Capital, DH was founded by entrepreneur Piet Dossche during 2020 and manages 2 million square feet of industrial and office space with 1.2 million under construction. DH specializes in the ground-up investment and construction of institutional quality facilities that optimize the operations of manufacturing and distribution clients. Our team’s relationship-driven approach and involvement from inception to delivery enables us to capitalize on key opportunities and maximize value for shareholders and clients alike.