Dossche Holdings has offered two industrial buildings totaling almost 1.2 million sq. toes in Dalton, Ga., for $116.5 million. A three way partnership of LX Pantos and Korea Ocean Enterprise Corp. bought the property.
JLL represented the vendor, whereas the three way partnership purchaser was suggested by IGIS Asset Administration.
Developed by Dossche and a part of the Greenpoint Industrial Park, the 2 totally leased, Class A property are 128 Innovation Drive and 342 Innovation Drive, measuring 603,166 and 573,578 sq. toes, respectively. The previous got here on-line in 2023, whereas the latter was accomplished in January final yr.
Each buildings supply 36-foot clear heights, energy-efficient roofing, ESFR sprinkler programs, expansive truck courts and a mixed 195 dock-high loading positions.
The two million-square-foot Greenpoint Industrial Park contains six buildings and spans 120 acres. Dossche broke floor on the primary part again in 2021, which included the event of three single-tenant buildings. The second and third phases comprised the development of the 2 bigger, multi-tenant properties that now modified fingers.
Again in 2023, Dossche additionally offered the three buildings that had been accomplished within the first part to a three way partnership between Brennan Funding Group and World Gate Capital. JLL Capital Markets represented Dossche in that transaction as properly.
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JLL Capital Markets Senior Managing Administrators Dennis Mitchell and Britton Burdette, Managing Administrators Jim Freeman and Maggie Dominguez led the Funding Gross sales and Advisory staff which brokered the latest transaction, engaged on behalf of the vendor.
Situated on Duckworth Highway in Atlanta’s Dalton submarket, the economic park is close to Interstate 75, which permits easy accessibility to the Atlanta metropolitan space and the Midwest area. The property can also be close to the Appalachian Regional Port, offering entry to intermodal transportation choices.
Atlanta’s industrial sector carried out properly in 2024
Atlanta’s industrial sector confirmed continued development final yr, with each transaction exercise and its pipeline posting development on a year-over-year foundation. The metro’s industrial funding quantity reached roughly $2 billion final yr, about $100 million greater than in 2023. Properties traded on common for $108 per sq. foot.
Builders had 8.2 million sq. toes of commercial area below development as of December throughout the metro. A complete of 26 properties got here on-line final yr, totaling virtually 9.3 million sq. toes—about 1.6 p.c of the metro’s whole stock.
