$40M sale of BlueLinx Atlanta Industrial Outdoor Storage (IOS) facility completed
JLL Capital Markets represented Stockbridge in the sale of the low-coverage/IOS asset in Georgia to J.P. Morgan
ATLANTA, Oct. 11, 2023 – JLL Capital Markets announced today that it arranged the $40 million sale of BlueLinx Atlanta IOS, a low-coverage/IOS distribution facility totalling 585,637 square feet in Lawrenceville, Georgia.
JLL worked on behalf of the seller, Stockbridge, to procure the buyer, institutional investors advised by J.P. Morgan Global Alternatives.
The property sits on a 64.7-acre parcel with approximately 55 usable acres and 4.5 additional acres for potential future expansion. Key building features include 28-foot clear heights, active CSX rail spur, eight dock-high doors, 42 grade-level drive-in bays, a fully paved yard and ample storage sheds.
Located at 200 Hosea Rd., BlueLinx Atlanta IOS is situated less than one mile from the Gwinnett County Airport (LZU) and 2.5 miles from the GA-316 & U.S. 29 interchange. The asset is also located 8.9 miles from I-85, which acts as the region’s logistical lynchpin connecting three major distribution corridors: I-85, I-20 and I-285, which provide vital distribution connectivity to Atlanta’s major population centers and the greater East Coast.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Dennis Mitchell, Matt Wirth and Britton Burdette and Directors Mitchell Townsend and Jim Freeman
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.
For more news, videos and research resources, please visit JLL’s newsroom.
About Stockbridge
Stockbridge is a private equity real estate investment management firm led by veteran industry professionals. The firm’s portfolio comprises assets across the investment risk spectrum, including core, value-add and opportunistic strategies. Stockbridge and its affiliates have approximately $33.8 billion of assets under management (as of June 30, 2023) spanning all major real estate property types and certain specialty property types throughout the United States. For more information, visit stockbridge.com.
About J.P. Morgan Global Alternatives and J.P. Morgan Asset Management – Real Estate Americas
J.P. Morgan Asset Management – Real Estate Americas is the U.S. real estate investment platform of J.P. Morgan Global Alternatives. With US$89 billion (Gross Asset Value as of June 30, 2023) in equity and debt assets under management and more than 220 professionals, the platform offers real estate strategies that span from core to opportunistic and across debt and equity. J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than 60 years as an alternatives investment manager, US$213 billion in assets under management and more than 800 professionals (as of June 30, 2023), J.P. Morgan offers strategies across the alternative investment spectrum including real estate, private equity, private credit, hedge funds, infrastructure, transportation, timber and liquid alternatives. Operating from offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client's specific objectives. For more information, visit jpmorgan.com/am.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.