Industrial investment activity came roaring back at the end of the year, with November and December both marked by a number of very significant industrial deals. The calendar pages may have turned to a new year, but investors haven’t pulled off the gas. They have continued to buy up major industrial portfolios and assets in early 2021.

The latest: Preylock Holdings’ acquisition of a three property distribution portfolio in Atlanta and Memphis totaling 2.2 million square feet. The firm acquired the class-A portfolio from Core5 Industrial Partners for $166.7 million. The portfolio consists of the 1-million-square foot Crossroads Business Center, and two buildings that are part of the DeSoto 55 Logistics Center totaling nearly 1.2 million square feet. All three properties were completed in 2020 and are proximate to airports and intermodal hubs, and have state-of-the-art features. Dennis Mitchell, Matt Wirth, Britton Burdette, Jim Freeman and Mitchell Townsend of JLL Capital Markets team represented Core5 Industrial Partners in the deal.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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