JLL secures sale of TI Automotive's 693K SF industrial portfolio
United States, Oct. 6 -- JLL Capital Markets announced the sale-leaseback of the TI Automotive U.S. Industrial Portfolio, comprising six strategic manufacturing and assembly facilities totaling 693,236 square feet across Michigan, Indiana and Georgia.JLL represented the seller, TI Automotive, in the transaction, with Gladstone Commercial Corporation acquiring the portfolio. Strategically positioned near key automotive and industrial hubs, these mission-critical facilities are integral to automotive supply chains, collectively producing approximately 113 million automotive parts each year for a diverse base of blue-chip clients. Upon closing, TI Automotive will enter into a long-term lease for the facilities.The Michigan properties benefit f...
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