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Atlanta & Southeast  + Southeast  + Industrial  |  June 24, 2021
David Cohen
By: David Cohen

Southeast Industrial Portfolio Trades for $20M

JLL has arranged the $20 million sale of a three-property industrial portfolio in Birmingham, Lafayette, LA. and Visalia, CA.

The mission-critical industrial portfolio is triple net leased on a long-term basis to AMICO, a North American leader in the design, manufacture and fabrication of high-quality industrial floating and grating, expanded and perforated metals, architectural meshes and security products worldwide. The portfolio includes AMICO’s headquarters and manufacturing space at 3240 & 3245 Fayette Ave. in Birmingham.

Nicholas Foster, Bradley Whiting, Greg Riera and Allen Gartescki of JLL represented the seller in the transaction, Pacific Avenue Capital Partners, a Los Angeles-based private equity firm. Fundamental Income, a Phoenix-based net-lease real estate platform backed by a fund managed by Brookfield Asset Management, acquired the portfolio.

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JLL’s Foster

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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