JLL Capital Markets arranges sale of the two-building, 271,294-SF Class A industrial distribution center in Rex, GA

 

Britton Burdette

ATLANTA, GA –  JLL Capital Markets announced today that it arranged the sale of two recently completed, Class A industrial buildings totaling 271,294 square feet in Rex, Georgia. The price was not disclosed.

 JLL represented the seller, InLight Real Estate Partners, in the sale of the property to EverWest Real Estate Investors, LLC.

The JLL Capital Markets team representing the seller was led by Senior Managing Directors Britton Burdette, Dennis Mitchell and Matt Wirth, Directors Mitchell Townsend and Jim Freeman and the JLL Industrial Brokerage team of Executive Managing Director Stephen Bridges and Senior Associate Kimani Mustafa.

Dennis Mitchell 

The two newly constructed, Class A distribution facilities were built in 2023 and sold as a vacant forward opportunity at the time of sale.

 Key features include 32-foot clear heights, rear-load configuration, 72 dock-high doors, four drive-in doors and 316 parking spaces.

Located at 9485 Hgwy 42 North, the two state-of-the-art industrial buildings have frontage along Hgwy 42 and are just 18 miles from Atlanta.

Matt Wirth

The properties are situated on a 21.1-acre lot and are less than one mile from I-675, providing ideal access to I-75, I-285 and the Hartfield-Jackson International Airport.

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.

Mitchell Townsend 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

 

 

CONTACT:

 

Alli Semans

Public Relations, Associate

Phone: +1 330 329 6750

Email: Alli.Semans@jll.com

 

JLL Capital Markets closes sale of the 221,054-square-foot Promenade at Carolina Reserve retail center in Indian Land, SC

 Rikky Goswami 

 ATLANTA, GA, June 26, 2023 – JLL Capital Markets announced today that it has closed the sale of Promenade at Carolina Reserve, a 221,054-square-foot, super-regional retail center located in the Charlotte, North Carolina MSA in Indian Land, South Carolina. The price was not disclosed.

 JLL worked on behalf of the seller, Bandera Ventures.

The JLL Capital Markets Investment Sales Advisory team that represented the seller is led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan, Senior Director Tom Kolarczyk and Associate Andrew Kahn.

 

 

Jim Hamilton

The buyer was represented by Rikky Goswami with Insight Property Group. Insight Property Group is a privately owned commercial real estate firm based in Raleigh, North Carolina focused on assisting clients in the greater Triangle region.

 

Built in 2018, the 100-percent-occupied Promenade at Carolina Reserve is anchored by TJ Maxx, Burlington, Ross, Hobby Lobby, HomeGoods, Ulta, Petco and Dollar Tree and is shadow-anchored by ALDI.

 

Brad Buchanan

100% of GLA is represented by a national or regional tenant, and the property features a Weighted Average Term Remaining of 6.7 years. The property receives approximately 2.3 million annual visitors.

 Situated at U.S. 521 at Jim Wilson Rd., the center is located just 20 miles to downtown Charlotte. It benefits from proximity to the Ballantyne and Rock Hill employment hubs, which include four million square feet of Class A office space.

Tom Kolarczyk

Within a five-mile radius of the property is a population of almost 70,000 and an average household income of almost $150,000.

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 and sales advisory, debt advisory, equity advisory or a recapitalization. 

Andrew Kahn

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

 

CONTACT: 

 

Jenna Sharp

JLL, Public Relations

Dallas, TX

M +1 214 394 3356

Jenna.Sharp@jll.com    

Eastwind Development Bolsters Growing Team with Addition of New Vice President Omar del Rio

Omar del Rio

 PALM BEACH GARDENS, FL, June 26, 2023 – Eastwind Development, a premier multifamily development company with a proven track record across South and Central Florida, announces the arrival of Omar del Rio as Vice President of Acquisitions and Development.

He is based in Eastwind’s Palm Beach Gardens corporate headquarters and will contribute significantly to the company’s growth plans throughout South Florida.

 

“We are thrilled to welcome Omar del Rio to the Eastwind team,” Eastwind President Jack Weir said. “His extensive experience, outstanding achievements and deep understanding of the multifamily industry make him an invaluable asset to our company.

John (Jack) Weir

"Omar’s leadership and expertise undoubtedly will contribute to Eastwind’s continued growth and success as we pursue new multifamily and mixed-use developments throughout South Florida.”

 

Prior to joining Eastwind, del Rio was Senior Vice President at Quarterra – the former Lennar Multifamily Communities, where he developed notable multifamily communities in Wynwood, Doral and downtown Sarasota. He was integral in the entire life cycle of Quarterra’s developments.

 

Del Rio previously served in various roles with prominent multifamily developers Fairfield Residential, Gables Residential and Waypoint Residential.

 

Del Rio earned Bachelor’s and Master’s degrees in Architecture from Tulane University, a Master’s degree in Architecture and Urban Design from Harvard University and a Master’s degree in Real Estate Development from Massachusetts Institute of Technology (MIT).

  

CONTACT: 

 

Eric Kalis

Vice President

 BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza

 1776 N Pine Island Road

Suite 320

Fort Lauderdale, FL 33322

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www.eastwinddevelopment.com.