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| Ali Winrow |
Summerville, SC – JLL Capital Markets handled the sale of Jedburg Logistics Park – Building 2, a 158,340-square-foot Class A last-mile distribution facility in Summerville, South Carolina. The price was not disclosed.
The JLL Investment Sales and Advisory team worked on
behalf of the seller, a partnership between Trinity Capital Advisors and
Hartford Investment Management Company, in the sale to Clarion Partners.
The newly constructed facility located at 237 Jedburg Road
features 32-foot clear heights, ESFR sprinklers and ample parking for both
automobiles and trailers. The property is fully leased to a leading global
e-commerce tenant.
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| Jedburg Logistics Center– Building 2, a 158,340-square-foot Class A last-mile distribution facility in Summerville, SC. |
Strategically positioned along I-26, one of South Carolina’s main distribution arteries, the property is situated between the Port of Charleston and I-95, allowing the building to service the entire East Coast within two days and providing critical access to the city’s population hubs. The property also enjoys direct access to Charleston International Airport (CHS) and major regional manufacturers, among many others.
As one of the fastest-growing industrial markets in the
Southeast, Charleston offers outstanding supply chain positioning, a skilled
workforce, low operating costs and a pro-business regulatory environment.
"Clarion Partners, the third largest owner of
industrial real estate in the U.S., has been active in the industrial and
logistics sector for more than two decades," said Ali Winrow, Vice President and
Product Specialist at Clarion Partners.
"The addition of
Jedburg Logistics Center to the Clarion Partners Real Estate Income Fund
(CPREX) portfolio builds upon our conviction in this sector and we are excited
to add this to CPREX's growing portfolio of industrial assets."
Contact:
Grace Lewis
trinitycapitaladvisors.com.
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