GLL closes purchase of fully leased Atlanta logistics property
The purchase of the 100 percent leased property is GLL's second major logistics acquisition in the U.S. and brings its industrial portfolio to almost 1.5 million square feet.
"Our North American industrial portfolio continues to grow with our ability to source and close purchases of best-in-class, core assets in markets with strong fundamentals, a positive economic outlook and high barriers to entry," said Christian Goebel, Executive Vice President, GLL.
Southwest 85 Logistics was completed by Core5 in September 2018 and fully leased to Saddle Creek Logistics Services, an omnichannel supply chain solutions company with 44 locations nationwide. The facility is within the 850-acre master planned Coweta Industrial Park and fronts I-85, the Atlanta area's major northeast-southwest freeway.
The state of the art Class A logistics facility has 40-foot clear heights, cross-dock loading, 60-foot staging bays and plenty of auto and trailer parking.
GLL Real Estate Partners is the real estate equity investment platform for Macquarie Infrastructure and Real Assets, a division of the Macquarie Group. A globally-active real estate fund manager and investment advisor headquartered in Munich, Germany, GLL operates 17 offices across the US, Europe, Asia, and Australia. The group currently manages USD 8.4 billion, including more than USD 4 billion in the U.S. GLL employs varying commercial property strategies serving an investor group that includes pension funds, insurance companies and sovereign entities.
Core5 Industrial Partners is an industrial real estate property company with expertise in development and acquisition of Class-A industrial properties throughout the United States. Headquartered in Atlanta, Georgia and named for its five core business principles, Core5 was capitalized in 2015 by Kajima USA Group following the sale of their $2 billion-dollar portfolio. With current development activity totaling over 4.9 million square feet in Atlanta, Chicago, Cincinnati, Dallas, Los Angeles/Inland Empire, Memphis, Pennsylvania and South Florida, Core5 has developed over 10 million square feet since its inception in just under three years. Expansion plans include additional key logistic hubs throughout the US. For more information on Core5 Industrial Partners, visit www.c5ip.com