CHARLOTTE, Dec. 6, 2022 - JLL Capital Markets announced today that it has closed the sale of 210 N. Pendleton St., a Class A industrial facility totaling 324,650 square feet in High Point, North Carolina.
JLL represented the seller, Brennan Investment Group, in the sale to Founders Properties.
Fully leased to two tenants, the facility is located off Interstate 74, proximate to NC-68 and just five miles from I-85, the main industrial transportation artery connecting the entire Southeast. 210 N. Pendleton St. is situated within the Piedmont Triad market, consisting of Greensboro, Winston-Salem and High Point, positioned halfway between Raleigh and Charlotte. The area is home to over 1.7 million residents, with a population growth of 11.3% projected by 2030.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Director Dave Andrews, Senior Managing Director Pete Pittroff, Managing Director Patrick Nally and Associate Josh McArdle.
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 06 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2022 00:46:18 UTC.
