ATLANTA, Jan. 3, 2023 - JLL Capital Markets announced today that it has closed the sale of Greenpoint Industrial Park - Buildings 1-3, a portfolio of newly built industrial assets totaling 522,410 square feet in the Northwest Atlanta community of Dalton, Georgia.

JLL represented the developer and seller, Dossche Holdings, LLC, in the sale to a joint venture between Brennan Investment Group LLC and Global Gate Capital.

Completed in 2022, during construction the buildings were 100% preleased to The Recreational Group. The tenant designs, manufactures and installs premium recreational surfacing products, including synthetic turf and composite modular tile. The three-property portfolio on Duckworth Rd. makes up the first phase of the master-planned Greenpoint Industrial Park. The second phase will add an additional 1.2 million square feet to the park.

The location of Greenpoint Industrial Park puts tenants three miles from Interstate 75, the main North-South transportation artery for the region, providing access to Atlanta and the Midwest. Additionally, the property is 24 miles from the Appalachian Regional Port, which offers CSX rail service to and from the Port of Savannah's Garden City Terminal.

The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Managing Directors Dennis Mitchell, Britton Burdette and Matt Wirth, Director Mitchell Townsend and Analyst Bo Osgood.

"This deal signifies the increasingly robust tenant demand and development activity that continues to push up the I-75 North Corridor into Cartersville, Adairsville, Calhoun and Dalton, Georgia" stated Mitchell.

The JLL Industrial Leasing team, led by Austin Kriz and Tom Cromartie, represent Greenpoint Industrial Park for leasing and led efforts to finalize the stabilization of Phase I.

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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Jones Lang LaSalle Inc. published this content on 03 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2023 15:37:02 UTC.