JLL announced that it arranged the sale of two recently completed, Class A industrial buildings totaling 271,294 square feet in Rex, Georgia
News release
21 June 2023
Sale of two-building, newly built industrial center near Atlanta closes
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ATLANTA, June 21, 2023 – JLL Capital Markets announced today that it arranged the sale of two recently completed, Class A industrial buildings totaling 271,294 square feet in Rex, Georgia.
JLL represented the seller, InLight Real Estate Partners, in the sale of the property to EverWest Real Estate Investors, LLC.
The two newly constructed, Class A distribution facilities were built in 2023 and sold as a vacant forward opportunity at the time of sale. Key features include 32-foot clear heights, rear-load configuration, 72 dock-high doors, four drive-in doors and 316 parking spaces.
Located at 9485 Hgwy 42 North, the two state-of-the-art industrial buildings have frontage along Hgwy 42 and are just 18 miles from Atlanta. The properties are situation on a 21.1-acre lot and are less than one mile from I-675, providing ideal access to I-75, I-285 and the Hartfield-Jackson International Airport.
The JLL Capital Markets team representing the seller was led by Senior Managing Directors Britton Burdette, Dennis Mitchell and Matt Wirth, Directors Mitchell Townsend and Jim Freeman and the JLL Industrial Brokerage team of Executive Managing Director Stephen Bridges and Senior Associate Kimani Mustafa.
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 106,000 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 InLight Real Estate Partners
InLight is a nimble and creative real estate company that can work with stakeholders across the spectrum of logistics real estate in myriad ways. From strategic ventures with railroads and port authorities, to public-private partnerships, to joint ventures with existing landowners, InLight delivers efficient, flexible and creative solutions to its clients, investors, and deal partners along the modern supply chain. Learn more by visiting inlightre.com.
About EverWest Real Estate Investors LLC
EverWest Real Estate Investors (“EverWest”) is a real estate investment advisor providing investment management services throughout the U.S. including acquisitions, asset management, development and property management for our investors. With $5.2 billion in assets under management, EverWest clients invest through separately managed accounts and commingled funds. The firm is headquartered in Denver with regional offices in New York City, Charlotte, Los Angeles, San Francisco and Austin metro areas. EverWest is an affiliate of Sagard, a leading global alternative asset management platform within the Power Corporation of Canada ecosystem. For more information, visit everwest.com.