JLL Capital Markets closed the sale of 210 N. Pendleton St., a 324,650 SF warehouse in High Point, N.C.
News release
06 December 2022
Sale of Class A logistics facility near Greensboro, N.C. closes
Your browser doesn't support speech synthesis.
Listen to article •
Read time: 1 sec
CHARLOTTE, Dec. 6, 2022 – JLL Capital Markets announced today that it has closed the sale of 210 N. Pendleton St., a Class A industrial facility totaling 324,650 square feet in High Point, North Carolina.
JLL represented the seller, Brennan Investment Group, in the sale to Founders Properties.
Fully leased to two tenants, the facility is located off Interstate 74, proximate to NC-68 and just five miles from I-85, the main industrial transportation artery connecting the entire Southeast. 210 N. Pendleton St. is situated within the Piedmont Triad market, consisting of Greensboro, Winston-Salem and High Point, positioned halfway between Raleigh and Charlotte. The area is home to over 1.7 million residents, with a population growth of 11.3% projected by 2030.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Director Dave Andrews, Senior Managing Director Pete Pittroff, Managing Director Patrick Nally and Associate Josh McArdle.
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 on JLL, please visit our newsroom.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $4 billion in industrial real estate. The company’s current portfolio spans 27 states and encompasses 52 million square feet.
Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm’s management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe. For more information on Brennan Investment Group, go to brennanllc.com.
About Founders Properties
Headquartered in Minneapolis, MN, Founders Properties, L.L.C. (“Founders”) is a privately held real estate investment company formed by two highly regarded industry veterans: Best Buy founder Richard Schulze and Opus founder Gerald Rauenhorst. Since 1998, Founders (previously known as Opus Properties, L.L.C.) has been involved in raising and managing 14 private commercial real estate investment funds with a purchase value of over $3.6 billion covering approximately 42 million square feet. Today, Founders currently manages 11 real estate investment funds and separate accounts with an asset value of $1.06 billion covering approximately 10.2 million square feet across 23 diverse markets. For more information on Founders, go to Foundersproperties.com.