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JLL Income Property Trust Nabs ATL Industrial for $31M
JLL Income Property Trust acquired Mason Mill Distribution Center, a newly-constructed 340,000-square-foot, Class A industrial property in Atlanta’s northeast submarket located in Buford, GA. The purchase price was roughly $31 million.
The seller was undisclosed, though the property is fully leased to AmerisourceBergen, a publicly-traded global pharmaceutical distribution company through 2027. The tenant invested heavily in the mission critical facility that services the southeast region.
JLL Income Property Trust’s Allan Swaringen says, “We are pleased to add this high-quality, industrial property to our portfolio, as we increase exposure to core assets in high-barrier-to-entry markets. This investment brings our aggregate industrial allocation to nearly $560 million and nearly six million square feet, and represents 23% of the value of the overall JLL Income Property Trust portfolio.”
The state-of-the-art distribution facility features 32-foot ceiling height, ESFR sprinklers, LED lighting, a cross-dock design, 100% air conditioned and 376 parking spots.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition