JLL Capital Markets led the sales efforts of a four-building, shallow-bay industrial park in Mooresville, NC
News release
02 April 2025
Oates Crossing industrial park in Charlotte MSA trades hands
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CHARLOTTE, Apr. 2, 2025 – JLL Capital Markets announced today the sale of Oates Crossing, a four-building, 237,734-square-foot Class A shallow-bay industrial park in Mooresville, North Carolina.
JLL represented the seller, Atlanta Property Group, in the transaction.
Oates Crossing is a best-in-class shallow-bay industrial portfolio spanning four buildings built 2005-2018. The property also includes 8.1 acres of additional land for potential future development of up to 64,675 square feet. The park is currently 99% leased to a diverse mix of 15 tenants.
Strategically positioned less than one mile from I-77, Oates Crossing benefits from access to major transportation arteries, including I-485, I-40, I-85 and I-81. This prime location capitalizes on the rapid northern expansion of the Charlotte industrial market and the substantial population growth in the thriving Mooresville-Lake Norman area.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Director Dave Andrews, Senior Managing Director Pete Pittroff and Director Michael Scarnato.
“The success at Oates Crossing is a testament to the execution of Atlanta Property Group,” said Dave Andrews. “Charlotte continues to see strong demand from tenants and capital alike for best-of-best assets in high-growth locations.”
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 $23.4 billion and operations in over 80 countries around the world, our more than 112,000 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 Atlanta Property Group
Atlanta Property Group (APG) is a real estate investment firm that focuses on owning and operating office and industrial properties in the Southeast. Since being founded in 2003, APG has executed over $2 billion of principal transactions. To learn more about APG, visit its website or follow along on LinkedIn.