Atlanta, GA – The Net Lease Group is pleased to announce the successful closing of a 1.2 million square foot, single-tenant distribution facility fully leased to Lowe’s Home Improvement. The asset offers a strategic long-term investment underpinned by a strong lease structure with above-average annual rent escalations.
Esmael Hill, Managing Principal of NLG, arranged the equity to finance the development and led the disposition process on behalf of CRG, the real estate development arm of Clayco, Inc. NLG’s team Capital Markets team including Esmael Hill, Philip Wickstrom, George Eichler, Mike King, and Dane Bailey brought the property to market.
Built by Clayco, the project features a cross-dock configuration with 36’ clear heights, with ample trailer storage and car parks, and new state-of-the-art logistics facilities in its + / – 115.09 acre site. The location has easy access to I-40 and AR-391 as well as the Port of Little Rock, and Bill & Hillary Clinton National Airport, the facility will be able to distribute nationwide.
About NLG
The Net Lease Group (“NLG”), a boutique investment advisory and brokerage firm, specializes in the corporate, institutional, and private execution of single and multi-tenant, net lease transactions across all markets within the United States. Through NLG’s full range of brokerage and advisory services, NLG provides Investment Sales, Sale-Leaseback Advisory, Build-to-Suit Development Solutions, and Debt-Equity Placement solutions to its clients nationwide. NLG’s principals and its team have successfully completed, advised, and structured transactions in excess of $15 Billion throughout a combined 50-plus years of commercial real estate experience.
For more information visit: www.thenetleasegroup.com