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JLL Completes Sale of Industrial Portfolio Across Seven Markets
JLL has successfully completed the sale of LBA Logistics’ seven-property industrial portfolio located across the Southeast, Midwest, and Chicago markets. The sale was completed through two separate transactions: MDH Partners acquired a six-asset Central-Sunbelt portfolio, and Venture One purchased a cold storage facility in the Chicago metropolitan area.
The Central-Sunbelt portfolio spans nearly 1.5 million square feet and includes properties in Atlanta, Columbus, Louisville, and Cincinnati. This collection of assets is fully leased to a diverse group of tenants from the pharmaceutical, aerospace, food and beverage, and household products sectors. Each facility averages approximately 245,930 square feet and benefits from strategic proximity to key logistics infrastructure, including airports and rail terminals.
In a separate deal, a 77,838-square-foot cold storage facility located at 601 Wall Street in Glendale Heights, Illinois, was sold to Venture One. The facility includes about 38,000 square feet of freezer space and currently operates as a distribution center for KeHE Distributors.
The JLL Capital Markets team that represented LBA Logistics in both transactions was led by Senior Managing Directors John Huguenard and Trent Agnew, who also serve as Industrial Platform Co-Leads.
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