LM Actual Property Companions has acquired International Avenue Logistics Heart, a 450,033-square-foot industrial facility in Graniteville, S.C., from Edgewater Ventures and Singerman Actual Property. A JLL workforce brokered the transaction.
In keeping with Aiken County public data, the client paid $30.2 million for the property, financing the acquisition with a $17.3 million mortgage, originated by Voya Funding Administration.
Positioned at 1043 International Ave., the ability got here on-line in 1998 on a 30.1-acre lot throughout the 2,400-acre Sage Mill Industrial Park. The multi-tenant logistics constructing has a 36-foot clear top, dock-high doorways, movement sensors and ESFR sprinklers.
International Avenue Logistics Heart is a few 19 miles from downtown Augusta, Ga. The economic asset is near interstates 20 and 520, offering entry to Atlanta, Savannah, Ga., Charlotte, N.C., and Charleston, S.C.
The JLL Capital Markets workforce that assisted the sellers was led by Senior Managing Administrators Pete Pittroff and Britton Burdette, Managing Director Patrick Nally, Director Dave Andrews and Analyst Zach Lloyd. Burdette and Nally had been additionally instrumental within the latest, $127.7 million sale of a 1.2 million-square-foot logistics facility in Richmond, Va.