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JW Mitchell sold an Atlanta-area warehouse and one from Memphis. CBRE facilitated the sale along with $69.9 million in acquisition financing for the two-building portfolio, which totals over 1.6 million square feet.

Frank Fallon led a CBRE team representing the seller, and Brian Linnihan headed a group that secured the loan from Wells Fargo on behalf of the buyer., 

The portfolio’s facilities include:

• A 613,440-square-foot cross-dock warehouse located in Braselton, Ga. The facility was built in 2016 and is 100% occupied by a large e-commerce provider.
• A 1,013,500-square-foot cross-dock warehouse in Memphis, TN, was built in 2021 and is 100% occupied by Medtronic, a global healthcare technology company.

The Atlanta warehouse is in the Northeast/I-85 industrial submarket, which, according to CBRE Research, saw 2.1 million square feet of net absorption in Q4.

The post JW Mitchell Unloads Two SE Warehouses appeared first on Connect CRE.

​  JW Mitchell sold an Atlanta-area warehouse and one from Memphis. CBRE facilitated the sale along with $69.9 million in acquisition financing for the two-building portfolio, which totals over 1.6 million square feet. Frank Fallon led a CBRE team representing the seller, and Brian Linnihan headed a group that secured the loan from Wells Fargo on …
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