Ridgecut, Brennan, and GGC JV complete successful business plan with sale of 700 Jernee Mill Road to a newly formed joint venture between Open Industrial and Heitman
United States, Oct. 21 -- JLL Capital Markets group announced the sale of 700 Jernee Mill Road, a fully leased, Class A IOS asset located within the Exit 9 submarket.JLL represented the seller, a joint venture between Ridgecut Road, Brennan Investment Group, and Global Gate while also having procured the buyer, a joint venture between Open Industrial and Heitman.Constructed in 1988, the property comprises 6.5 usable acres and features a low-coverage industrial configuration designed to support outdoor storage, fleet maintenance, and equipment servicing operations.The facility is 100% leased on a long-term basis to a global leader in temporary power generation and temperature control solutions. The asset includes maintenance and office space...
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