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Atlanta & Southeast  + Industrial  |  February 8, 2021
David Cohen
By: David Cohen

Southeast Distribution Portfolio Trades for $167M

JLL has arranged the $166.7 million sale of a distribution portfolio in Atlanta and Memphis totaling 2.2 million square feet.

The portfolio consists of the 1-million-square foot Crossroads Business Center at 5705 Campbellton Fairburn Rd. in Union City, GA. and two buildings that are part of the DeSoto 55 Logistics Center, the 328,355-square-foot DeSoto A2 and the 860,915-square-foot Desoto D at 1453 and 1615 Commerce Pkwy. in Horn Lake, MISS. The infill locations are near highly trafficked trucking and logistics routes near Hartsfield-Jackson Atlanta International Airport and Memphis International Airport, which houses the FedEx Express World Hub. The properties were completed in 2020 and feature ESFR sprinklers, auto parking and trailer storage, clear heights ranging from 36 to 40 feet and dock-high doors with view windows.

Dennis Mitchell, Matt Wirth, Britton Burdette, Jim Freeman and Mitchell Townsend of JLL represented the seller, Core5 Industrial Partners, in the transaction. The buyer was Preylock Holdings. In addition, JLL Agency Leasing assisted Core5 Industrial Partners lease the Atlanta component of the portfolio to a credit-worthy e-commerce retailer.

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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