JLL Capital Markets announced today the sale and leaseback of 3059 Premiere Parkway, a 169,252-square-foot industrial facility in Duluth, Georgia, part of metro Atlanta's Northeast submarket.

JLL, in partnership with Hailey Realty Company, represented the seller in the sale to Foxfield.

The property is fully leased to a technology company, which will occupy the space under a new six-year, triple-net lease. This sale-leaseback arrangement allows the tenant to maintain its operations at the strategic location while unlocking capital from the real estate asset.

Located at 3059 Premiere Parkway, the property features a front-load configuration with 24-foot clear heights, seven dock-high doors, two drive-in doors and ample parking.

The facility is situated on 12.33 acres in a prime infill location, just 1.5 miles from Interstate 85 and two miles from Highway 23, providing excellent connectivity throughout the Atlanta metro area. This strategic positioning provides excellent connectivity throughout the Atlanta metro area and easy access to major economic drivers such as Gas South Arena, Sugarloaf Mills and TPC Sugarloaf.

“We are excited to add 3059 Premiere Parkway to our portfolio,” said Shawn Hawthorne, Partner at Foxfield. “The property’s strategic location and connectivity to major highways and economic hubs in metro Atlanta make it a highly valuable asset. This acquisition marks our 14th for this fund and further strengthens our expansion in the Southeast, as we continue to focus on high-quality industrial and R&D assets.”

The JLL Investment Sales and Advisory team was led by Senior Managing Directors Dennis Mitchell, Matt Wirth and Britton Burdette and Director Jim Freeman. Additionally, the Hailey Realty team was led by Howard Boyd and John Crawford. 

“This transaction highlights the continued appeal of the Atlanta market for institutional investors looking for stable, long-term cash flow opportunities backed by high-quality tenants,” commented Mitchell. “We are thrilled to have partnered with Hailey to achieve a positive outcome for the tenant and Foxfield on this acquisition and are confident this property will continue to perform strongly."

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.

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