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| This 811,000-square-foot distribution center at 860 John B. Brooks Road is leased to Bed Bath & Beyond in the northeast Georgia community of Pendergrass. |
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| Alex Sharrin |
JLL worked on behalf of the seller, Oak Street Real Estate
Capital, LLC, while an unnamed institutional investment group purchased the
asset.
The distribution center is situated on 62 acres along Interstate 85, which is the industrial backbone of the southeastern United States.
The distribution center is situated on 62 acres along Interstate 85, which is the industrial backbone of the southeastern United States.
It is
less than 70 miles from Hartsfield-Jackson Atlanta International Airport, the
busiest airport in the world. The asset features tilt-up construction, 32-foot
clear heights and a cross-dock configuration. It is a mission-critical
distribution hub for Bed Bath & Beyond.
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| Britton Burdette |
“Industrial-oriented net-lease real estate has seen a much more
muted sensitivity to the overall volatility in the commercial real estate
marketplace,” Sharrin said. “Bed Bath & Beyond’s e-commerce and
distribution center in Pendergrass sits at the nexus of strong intrinsic real
estate value and credit, providing for a stable investment opportunity.”
“The buyer was attracted to the mission-critical operation, which servers the growing e-commerce business segment of the tenant along with the strong location and building attributes,” Burdette added.
“This transaction highlights the continued growth in demand for quality industrial assets in the Atlanta market.”
“The buyer was attracted to the mission-critical operation, which servers the growing e-commerce business segment of the tenant along with the strong location and building attributes,” Burdette added.
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| Brian Shanfeld |
“This transaction highlights the continued growth in demand for quality industrial assets in the Atlanta market.”
About Oak Street Real Estate Capital, LLC
Oak
Street Real Estate Capital, LLC (“Oak Street”)
is a real estate investment firm focused on acquiring properties net-leased to
investment grade rated tenants.
Oak Street specializes in providing unique and flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities.
Oak Street specializes in providing unique and flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities.
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 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.
 |
| Matt Wirth |
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 our newsroom.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.
JLL
shapes the future of real estate for a better world by using the most advanced
technology to create rewarding opportunities, amazing spaces and sustainable
real estate solutions for our clients, our people and our communities.
JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020.
JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, please visit jll.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.
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| Dennis Mitchell |
JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020.
JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, please visit jll.com.
CONTACT:
Kimberly Steele
Senior Associate, Public Relations
JLL Capital Markets
9 Greenway Plaza, Suite 700
Houston, TX 77046
T +1 713 852 3420
M +1 832 244 9994
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