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About the buildings
The Oakmont Logistics portfolio consists of four recently built (2021 and 2022) logistics warehouses in the greater Atlanta, Georgia area. They feature a range of modern design feature, including cross-dock/front-load configuration, Ductilcrete floors, clears heights of between 36 and 40 feet, and ample space for trucks.
Investment rationale
The Oakmont Logistics portfolio presented an opportunity for LaSalle to acquire, on behalf of a custom account client, a high-quality, well-located portfolio of diversified industrial assets in a primary US market. Atlanta is the ninth-largest metropolitan area in the United States, the largest in the southeast, and the regional hub for finance, commerce, communications, transportation, education and culture. It is also the fifth largest warehouse market in the US, with demand outstripping supply for the foreseeable future.
On acquisition, the assets were fully leased to high-quality tenants, including clothing, grocery, automotive and online fulfilment solutions companies. LaSalle’s custom accounts team believes that Atlanta’s attractive regional market, combined with the diversified, high-quality tenant base currently occupying the assets should result in both attractive total returns and stable cash flow for our client.
Gallery
Atlanta logistics portfolio is a LaSalle custom account property
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Important information
The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.