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JLL Completes Sale of Industrial Portfolio Located Across Seven Markets
JLL has completed the sale of LBA Logistics’ seven-property industrial portfolio across Southeast, Midwest and Chicago markets.
The disposition involved two separate transactions, with MDH Partners acquiring a six-asset Central-Sunbelt portfolio and Venture One purchasing a Chicago-area cold storage facility. The Central-Sunbelt collection encompasses nearly 1.5 million square feet across Atlanta, Columbus, Louisville and Cincinnati.
The JLL Capital Markets team representing the LBA Logistics was led by John Huguenard and Trent Agnew, Senior Managing Directors and Industrial Platform Co-Leads.
The six-asset portfolio is fully leased, with tenants spanning pharmaceutical, aerospace, food and beverage and household products sectors. The portfolio’s assets average 245,930 square feet with strategic proximity to critical logistics infrastructure, airports and rail terminals.
In a separate transaction, the 77,838-square-foot cold storage facility at 601 Wall Street in Glendale Heights sold to Venture One. The facility features approximately 38,000 square feet of freezer space and serves as a distribution hub for KeHE Distributors.
