One Liberty Properties, Inc. acquires 373K SF Mobile Portside development

ATLANTA, Feb. 5, 2025 –  JLL  Capital Markets announced today the sale of Mobile Portside, a two-building, 373,015-square-foot industrial portfolio in Mobile, Alabama.

JLL represented the seller, Burton Property Group. One Liberty Properties, Inc. acquired the asset.

Completed in 2022 and 2023, the Class A facilities feature 32- to 36-foot clear heights, 180-to 185-foot truck courts, ESFR sprinkler systems and ample dock doors. The buildings are fully leased to four high-quality tenants representing a diverse range of industries, including construction, logistics, property maintenance and automotive safety.

Mobile Portside, consisting of Buildings D and N, is strategically positioned within the South Alabama Logistics Park, the largest master-planned logistics park between Texas and Georgia. The property benefits from immediate access to Interstate 10, a major logistical thoroughfare, and is under 12 interstate miles from the Port of Mobile’s container terminal, which is the fastest growing container terminal in the United States and the second fastest-growing American port over the past decade.

The South Alabama Logistics Park is a master-planned industrial development spanning over 1,000 developable acres, offering approximately 11.1 million square feet of industrial space when completed. This strategic location allows tenants to capitalize on the Port of Mobile's efficiency, accessibility and ongoing expansion projects, including the deepening of the channel to 50 feet by early 2025, making it an ideal hub for logistics and distribution operations in the southeastern United States.

The JLL Capital Markets Investment Sales and Advisory team was led by Director Jim Freeman and Senior Managing Directors Britton Burdette and Dennis Mitchell.

"Mobile Portside represents a best-in-class industrial offering in one of the Southeast's fastest growing logistics markets," said Freeman. "The combination of newly constructed facilities, long-term leases with credit tenants and proximity to the booming Port of Mobile attracted significant investor interest. As the automotive and aerospace sectors continue to expand in the region, we anticipate sustained demand for high-quality industrial space in the foreseeable future."

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.

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Burton Property Group is a private regional commercial real estate investment, development and management firm. A leader in retail development in the southeast, BPG is focused on recognizing and aggressively pursuing asset classes beyond retail that have growth potential. With established institutional and client relationships, BPG has the capacity to tackle large-scale projects in a broad spectrum of real estate classes.

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs.