Jones Lang LaSalle Inc.

11/04/2024 | Press release | Distributed by Public on 11/04/2024 09:00

JLL Capital Markets arranges sale of 1.13 million square foot Class A industrial building in South Carolina

CHARLOTTE, N.C., Nov 4, 2024 -  JLL Capital Markets announced today the sale of Building D at Camp Hall Commerce Center, Campus 4. The Class A, state-of-the-art, 1,128,120-square-foot industrial facility is located in Ridgeville, within the Charleston, South Carolina market.

The JLL Investment Sales and Advisory team represented Rockpoint, a Boston-based real estate private equity firm, and Portman Industrial in the sale to Stockbridge.

Completed in 2023, Building D features a cross-dock loading configuration, 40-foot clear height, 208 dock-high doors, four drive-in doors and 84 dock levelers. The facility is designed to accommodate high-volume distribution operations with 847 auto parking spaces and 804 trailer storage spaces. The property is fully leased to a global car manufacturer.

Strategically located at 2274 Volvo Car Drive within the 6,800-acre Camp Hall Commerce Center, the facility is two miles from Interstate 26 within close proximity to the vibrant Charleston market.

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 best-in-class solutions for clients, including 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.

For more news, videos and research resources, please visit JLL's newsroom.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Rockpoint is a real estate private equity firm that employs a fundamental value approach to investing, targeting select product types and markets throughout the United States. The firm applies a consistent and disciplined investment approach across its investment programs, which span distinct return profiles. Rockpoint continually assesses market opportunities and evaluates potential investments relative to intrinsic value, replacement cost, and cash flow, targeting investments that Rockpoint believes are inefficiently priced or misunderstood by the broader market. Rockpoint proactively pursues opportunities that exhibit strong value potential that can be realized through impactful asset management. Since 1994, the firm's co-founders with others have sponsored 19 investment vehicles and related co-investment vehicles through Rockpoint and a predecessor firm and have invested or committed to invest in 504 transactions with a total peak capitalization of approximately $80 billion. To learn more, visit rockpoint.com.

Portman Industrial is a division of Portman Holdings, LLC, a renowned real estate development company, that boasts a seven-decade legacy of high-quality projects across three continents. Founded by the visionary architect John C. Portman Jr., who pioneered the architect-as-developer model, the company has shaped the global landscape with extensive mixed-use developments. Portman Industrial is led by John Gaskin, Managing Director. Currently under the leadership of Chairman and CEO Ambrish Baisiwala and President John Portman IV, Portman Holdings continues to set the standard of excellence in the development of office, residential, industrial, hospitality, retail, student housing and mixed-use developments across the US.

To learn more about Portman, visit portmanholdings.com.

Stockbridge is a private equity real estate investment management firm led by veteran industry professionals. The firm's portfolio comprises assets across the investment risk spectrum, including core, value-add and opportunistic strategies. Stockbridge and its affiliates have approximately $33.6 billion of assets under management (as of June 30, 2024) spanning all major real estate property types and certain specialty property types throughout the United States. For more information, visit stockbridge.com