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Dalton Warehouses Trade for $116.5M
Dossche Holdings has unloaded a 1.2 million-square-foot warehouse property at Greenpoint Industrial Park in Dalton, Georgia. IGIS Asset Management paid $116.5 million for the two-building property.
JLL represented Dossche Holdings, which also developed the facility. A joint venture between LX Pantos and KOBC (Korea Ocean Business Corporation) advised IGIS on the transaction. Dennis Mitchell led the JLL Capital Markets Investment Sales and Advisory team. Miyeon Lee led the JLL International Capital Coverage team, which sourced the buyer. Austin Kriz spearheaded the leasing efforts for the properties.
The Class A portfolio consists of fully leased buildings situated in a newly constructed logistics park. 128 Innovation Drive, completed in 2023, spans 603,166 square feet, and 342 Innovation Drive, finished in January 2024, totals 573,578 square feet.
The properties are situated in Dalton, Georgia, along the I-75 North Corridor between Atlanta and Chattanooga. The buildings benefit from proximity to the Appalachian Regional Port, which offers efficient intermodal transportation options.
- ◦Sale/Acquisition
