I-20 portfolio property. Picture courtesy of JLL
Taurus Funding Holdings LLC has bought a five-property industrial portfolio in Atlanta for $50 million. Everwest Actual Property Buyers LLC offered the I-20 West property assortment totaling 581,750 sq. ft, plus a further trailer storage web site on a drop lot.
Mixed, the properties cowl 25.64 acres of land. They’re absolutely occupied.
The I-20 West portfolio consists of:
- 1520 Westfork Drive, a 51,017-square-foot constructing accomplished in 1981. Based on CommercialEdge information, the manufacturing property homes Payne Carpet Care and Southeast Cooler.
- 1650 Westfork Drive, a 6-acre lot with one constructing inbuilt 1986. The 100,000 square-foot warehouse and distribution facility is occupied by AEE Productions.
- 6070 Fulton Ind. Blvd., which options one 227,600-square-foot asset on some 15 acres. The only real tenant for the 1988 constructing is Steelcase.
- 6140 Purdue Drive, a constructing accomplished in 1981, that includes 97,400 sq. ft. It’s presently occupied by Crystal Clear for manufacturing functions.
- 6200 Purdue Drive, a facility accomplished in 1980, totaling 105,600 sq. ft. Bonded Whs is the constructing’s tenant. It sits on 6 acres of land.
- A trailer storage web site positioned at 6100 Purdue Drive, located on 4.62 acres. It options 87 parking areas.
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Portfolio facilities embody clear heights starting from 18 ft to 24 ft, 138 dock-high doorways, 11 drive-in doorways and rear-loading, front-loading and cross-dock configurations.
Positioned in proximity to Interstate 20 and I-285, tenants have entry to the Higher Atlanta space, in addition to east and west distribution capabilities.
JLL represented the vendor and procured the client. The Capital Markets Funding and Gross sales advisory group to finish the deal was led by Matt Wirth, senior managing director, together with Dennis Mitchell and Britton Burdette.
Everwest Actual Property Buyers lately teamed up with Woodmont Industrial Companions on an industrial mission in New Jersey. The 145,000-square-foot warehouse, which is ready to be renovated and expanded, is scheduled for supply this summer season.
