World Avenue Logistics Facilities. Picture courtesy of JLL
LM Actual Property Companions has acquired World Avenue Logistics Middle, a 450,033-square-foot industrial facility in Graniteville, S.C., from Edgewater Ventures and Singerman Actual Property. A JLL crew brokered the transaction.
Based on Aiken County public data, the customer paid $30.2 million for the property, financing the acquisition with a $17.3 million mortgage, originated by Voya Funding Administration.
Situated at 1043 World Ave., the ability got here on-line in 1998 on a 30.1-acre lot inside the 2,400-acre Sage Mill Industrial Park. The multi-tenant logistics constructing has a 36-foot clear peak, dock-high doorways, movement sensors and ESFR sprinklers.
World Avenue Logistics Middle is a few 19 miles from downtown Augusta, Ga. The commercial asset is near interstates 20 and 520, offering entry to Atlanta, Savannah, Ga., Charlotte, N.C., and Charleston, S.C.
The JLL Capital Markets crew that assisted the sellers was led by Senior Managing Administrators Pete Pittroff and Britton Burdette, Managing Director Patrick Nally, Director Dave Andrews and Analyst Zach Lloyd. Burdette and Nally have been additionally instrumental within the latest, $127.7 million sale of a 1.2 million-square-foot logistics facility in Richmond, Va.
