Faropoint purchases the properties at 4600-4680 Lewis Rd. in Georgia
News release
07 May 2024
Three-building bulk warehousing and manufacturing facility trades within the Atlanta MSA
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ATLANTA, May 7, 2024 – JLL Capital Markets announced today that it arranged the sale of 4600-4680 Lewis Rd., a three building, 220,380-square-foot bulk warehousing and manufacturing facility in Stone Mountain, Georgia.
JLL worked on behalf of the seller, Brennan Investment Group, LLC, and procured the buyer, Faropoint.
Spanning 9.8 acres, the properties are fully leased by New WinCup Holdings, Inc., a manufacturer with more than 60 years in business.
The properties are located just 0.5 miles south of U.S. 78, a limited access highway, and 3.5 miles from I-285, two of Atlanta’s major logistical thoroughfares. This exceptional location and connectivity provide rapid access to Atlanta’s other major Interstates, including I-85, I-75, I-20 and I-675.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Dennis Mitchell, Britton Burdette and Matt Wirth and Director Jim Freeman.
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.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
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 108,000 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.
About Brennan Investment Group, LLC
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $6.5 billion in industrial real estate. The company’s current portfolio spans 27 states and encompasses 56.5 million square feet.
Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm’s management team is among the most accomplished in its industry, having invested in over 5,000 properties covering more than 60 cities throughout the United States, Canada and Europe.
About Faropoint
Faropoint is a vertically integrated, tech-enabled real estate investment manager with 120 employees that leverages data and deep market relationships to achieve superior risk-adjusted returns. Faropoint targets inefficiencies in the marketplace that can be solved with local real estate expertise and technology. The company invests in 15 markets across the East Coast, Midwest, Southwest and Texas, each with strong demographics and high construction barriers to entry. Faropoint recently sold its Logistic Fund I, proving its strategy on a large scale. For acquisition inquiries and more information, visit faropoint.com.