JW Mitchell sold an Atlanta-area warehouse and one from Memphis. CBRE facilitated the sale along with $69.9 million in acquisition financing for the two-building portfolio, which totals over 1.6 million square feet.

Frank Fallon led a CBRE team representing the seller, and Brian Linnihan headed a group that secured the loan from Wells Fargo on behalf of the buyer., 

The portfolio’s facilities include:

• A 613,440-square-foot cross-dock warehouse located in Braselton, Ga. The facility was built in 2016 and is 100% occupied by a large e-commerce provider.
• A 1,013,500-square-foot cross-dock warehouse in Memphis, TN, was built in 2021 and is 100% occupied by Medtronic, a global healthcare technology company.

The Atlanta warehouse is in the Northeast/I-85 industrial submarket, which, according to CBRE Research, saw 2.1 million square feet of net absorption in Q4.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!