A 169,252-square-foot industrial facility in Duluth has been sold.
JLL, in partnership with Hailey Realty Company, represented the seller in the sale to Foxfield, a Boston-based real estate company.
The property at 3059 Premiere Parkway is leased to a technology company, which will occupy the space under a new six-year, triple-net lease, according to an announcement. The tenant can maintain operations at the location while unlocking capital from the real estate asset.
The facility is located on 12.33 acres near Interstate 85 and Highway 23.
“We are excited to add 3059 Premiere Parkway to our portfolio,” Foxfield partner Shawn Hawthorne said in a statement. “The property’s strategic location and connectivity to major highways and economic hubs in metro Atlanta make it a highly valuable asset. This acquisition marks our 14th for this fund and further strengthens our expansion in the Southeast, as we continue to focus on high-quality industrial and R&D assets.”
The JLL Investment Sales and Advisory team was led by Senior Managing Directors Dennis Mitchell, Matt Wirth and Britton Burdette and Director Jim Freeman. The Hailey Realty team was led by Howard Boyd and John Crawford.
