Sunday, May 31, 2020

JLL closes $33.5 million sale of Atlanta distribution center

 


 Situated on 32 acres at 2110-2135 Lawrence Avenue East Point,
Creekside Distribution Center is in the geographic core of Atlanta.


ATLANTA, GA – JLL Capital Markets announced  it has closed the $33.5 million sale of Creekside Distribution Center, a 538,500-square-foot, Class A, award-winning urban infill distribution facility in the heart of Atlanta, Georgia.


Dennis Mitchell



JLL marketed the property on behalf of the seller, a joint venture between Solution Property Group and Singerman Real Estate. Summit Real Estate Group purchased the asset, their eighth industrial property in Atlanta since 2014

Creekside Distribution Center is in the geographic core of Atlanta and is five minutes from the intersection of Interstates 85 and 75, placing it with great access to Atlanta’s primary and most traveled interstate.

Britton Burdette

The center is proximate to Hartsfield-Jackson International airport, the world’s most traveled airport.

The JLL Capital Markets team representing the developer was led by Senior Managing Director Dennis Mitchell, Managing Directors Britton Burdette and Matt Wirth and Associate Brent Bono.

 “In conjunction with SPG’s visionary positioning and high-quality execution of this project, the asset’s irreplaceable in-town location near some of Atlanta’s largest value drivers provides the buyer with a great opportunity to add value that will perform excellently for them well into the future,” Mitchell said.

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

 Matt Wirth
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization.

 The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

 For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.



Contact:

 Kimberly Steele
 JLL Senior Associate
 Public Relations
Phone: +1 713 852 3420



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