JLL Capital Markets arranged the sale of a Class A industrial facility located within the Charlotte, NC MSA
News release
06 January 2025
JLL facilitates the sale of SouthWood Corporation HQ
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CHARLOTTE, N.C., Jan. 6, 2025 – JLL Capital Markets announced today the sale of the SouthWood Corporation headquarters, a mission-critical, 64,654-square-foot industrial facility located in Rock Hill, South Carolina.
The JLL Carolinas Industrial Capital Markets team represented the seller, an affiliate of Zurich Alternative Asset Management, LLC, in the transaction, while CoreOne acquired the property.
Located at 4101 International Drive, Rock Hill, South Carolina, this Class A industrial facility was developed in 2022 as a build-to-suit for SouthWood Corporation. SouthWood is a veteran-owned company specializing in the design, manufacturing and servicing of world-class signage systems. The facility serves as SouthWood's headquarters and sole location, encompassing design, manufacturing, sales and support capabilities under one roof.
Strategically situated four miles from I-77, the facility offers seamless access to the dynamic Charlotte MSA. This location provides efficient connectivity to the Norfolk Southern CLT Intermodal Terminal, Charlotte Douglas International Airport and other key transport routes, bolstering its appeal to logistics and industrial operators.
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 111,000 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 Zurich Alternative Asset Management
Zurich Alternative Asset Management ("ZAAM") runs a national core and core-plus investment program out of New York which targets office, retail, industrial and multifamily properties and has directly acquired approximately $2 billion of assets since 2013. ZAAM also manages non-core, value-added assets aggregating just under $1 billion. ZAAM raised approximately $500 million of international equity for investment in a core and core plus program in an open-ended fund, and continues to add to its portfolio under management, which spans across 26 states aggregating more than 15 million square feet of commercial real estate space and more than 1,400 multifamily units.
About CoreOne Industrial
CoreOne Industrial LLC is a privately held real estate investment firm specializing in the acquisition, management, and potential redevelopment of both performing and underperforming properties in the United States. CoreOne is actively looking to grow its portfolio.