Saturday, September 21, 2024

JLL Capital Markets handles sales for Atrium Crest, a 107,529 SF office building in Clear Lake, TX

 

Atrium Crest, a six-story, 107,529-square-foot
office building in Clear Lake, TX.
 

 HOUSTON, TX –  JLL Capital Markets has closed the sale of Atrium Crest, a six-story, 107,529-square-foot office building in Clear Lake, Texas. The price was not disclosed.

 

JLL represented the seller, Fullerton Properties, and procured the buyer, who was represented by Patrick Hill of Colliers.

 

Atrium Crest is located at 18333 Egret Bay Blvd. in Clear Lake, a community in southeast Houston that is home to NASA’s Johnson Space Center, driving both aerospace employment and tourism.

 

 In addition to NASA, southeast Houston has a diverse economic base comprising companies in medical, technology, logistics, tourism and the booming petrochemical industry.

 Marty Hogan

The 4.23-acre site is convenient to Interstate 45, providing access north to Houston and south to Galveston Island. Additionally, the Port of Houston is just a short drive from the property, which is the busiest container port on the Gulf Coast.

 

Renovated in 2004, Atrium Crest has a flexible layout that can accommodate a wide variety of users and space requirements. The property is currently 79% leased to a variety of tenants.

 

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Marty Hogan.

 

“Atrium Crest offered a significant value-add opportunity through the lease-up of vacant space while acquiring the asset at an extremely competitive basis,” said Hogan.

 

For more news, videos and research resources, please visit JLL’s newsroom.


 



CONTACT:

 

Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

617-543-4873

 

JLL Capital Markets leads the sale and financing efforts for Hanon Systems Build-to-Suit industrial property expansion in Statesboro, GA

Hanon Systems Alabama, Corp., a subsidiary
of Hanon Systems and a full-line thermal
and energy management solutions provider.
 

 ATLANTA, GA -- JLL Capital Markets announced the sale and acquisition financing secured for 8540 Zell Miller Road – a fully occupied Class A light manufacturing and distribution facility in Statesboro, Georgia, an extension of the established Savannah, GA industrial market. Financial details were not disclosed.


Bobby
Norwood
 

JLL represented the seller, a partnership between Graham Capital and Chesterfield, while Spaulding & Slye Investments acquired the property. JLL also arranged the acquisition financing with Seacoast Bank on behalf of the new owner.

 

 The JLL Investment Sales and Advisory team was led by Directors Jim Freeman and Anthony Walters, Senior Managing Directors Britton Burdette, Dennis Mitchell and Matt Wirth and Associate Bo Osgood. The JLL Debt Advisory team was spearheaded by Senior Director Bobby Norwood and Senior Managing Director Mark Sixour.

 

“Savannah's industrial market is experiencing exceptional growth, driven by record-high cargo volumes at the Port and new operations entering the market to supply the Hyundai Metaplant,” said Freeman.


Jim Freeman

 “The market has seen strong fundamentals and rental rate growth over the past two years and boasts one of the highest levels of tracked tenant demand as a percentage of inventory in the country.”

 

The property is strategically located 1.1 miles from Highway 301, 7.2 miles from I-16 and 34.9 miles from the Hyundai Metaplant, positioning it to serve both the Metaplant and the broader Savannah market.

 

Spanning 112,011 square feet, the institutionally designed facility features a 32-foot clear height, multi-sided loading, 11 dock-high doors, 2 drive-in doors and 14,880 square feet of office space. It is 100% leased to Hanon Systems Alabama, Corp., a subsidiary of Hanon Systems and a full-line thermal and energy management solutions provider.


Anthony Walters

Completed in April 2024, this build-to-suit project was designed for assembling HVAC products, radiators, condensers, heat exchangers and battery heating and cooling products for automobiles, primarily serving the nearby Hyundai Metaplant. 


The lease includes two expansion options for the tenant: a first option of 68,000 square feet and a second option of 145,600 square feet.


JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 


The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.


For more news, videos and research resources, please visit JLL’s newsroom


Britton Burdette
Graham Capital is a real estate investment company based in Birmingham, Alabama, focused on the acquisition and development of highly functional distribution centers in high-growth Southeastern industrial markets, which continue to experience above-market rent growth, high barriers to entry, and the deepest demand among institutional investors.

 

About Chesterfield

Chesterfield specializes in the development of class A industrial, manufacturing, and office projects throughout the southeastern United States.

 In each phase of the development process, we utilize our extensive experience to assist our clients in minimizing risk and maximizing value through cost controls, efficient scheduling, selection of the right design and constructio

Dennis Mitchell
About Spaulding & Slye Investments

Founded in Boston in 1966, Spaulding & Slye Investments (“SSI”) has grown from a venerable East Coast real estate company into a prominent national investment and advisory firm, with approximately 4.5 million SF of development and operating assets under management. 


 SSI is dedicated to achieving superior risk-adjusted returns and creative capital solutions for our investors and clients, through opportunities in the country's most dynamic real estate markets. In addition to principal investment, SSI provides a range of tailored, integrated services to meet today’s CRE ownership challenges.


Matt Wirth

About Seacoast Bank


Seacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida, with approximately $14.8 billion in assets and $12 billion in deposits as of March 31, 2024. 


Seacoast provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at 77 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida.


Bo Osgood

About JLL


Mark Sixour
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. 


Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 

CONTACT:

 Grace Lewis

JLL Hotels & Hospitality and Capital Markets PR

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

 

https://www.graham-capital.com/

www.ssinvests.com.

www.SeacoastBanking.com.