JLL facilitates industrial portfolio sale across three markets
United States, June 3 -- JLL Capital Markets announced the sale of an industrial portfolio spanning Denver, Houston and New Jersey. The transaction involved 10 high-quality industrial properties totaling 2.1 million square feet.JLL represented the confidential seller in the sale. Principal Asset ManagementSM and a state-sponsored pension plan acquired the assets.The portfolio, which is 96.7% occupied, comprises five properties in Denver, four in southwest Houston and one in northern New Jersey. With an average building size of 210,000 square feet and an average clear height of 32 feet, the portfolio boasts modern features and strategic locations in high-growth markets.In Denver, which accounts for 56% of the portfolio's square footage, the ...
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