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Atlanta & Southeast  + Southeast  + Industrial  |  October 19, 2020
David Cohen
By: David Cohen

JLL Brokers $14M Sale of Industrial Facility in Montgomery

JLL has arranged the $14.3 million sale of the WestRock Corrugated Box Production Facility, a 240,714-square-foot manufacturing and distribution facility in Montgomery, AL.

The fully-leased facility was designed for WestRock, one of the largest corrugated box and specialty paper products companies in the world. The facility is used to manufacture and distribute corrugated boxes and features 22-foot clear heights, 23 dock doors as well as two with ramps, LED lighting, a two-story office space and an internal CSX rail spur for heavy material loading. The property is located at 111 Folmar Parkway and is within the 700-acre Montgomery Interstate Industrial Park.

Britton Burdette, Dennis Mitchell, Matt Wirth and Crosby Taylor of JLL represented the seller, a private investor, in the transaction. Virginia-based Gladstone Commercial purchased the asset.

For comments, questions or concerns, please contact David Cohen

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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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