PRIMARY
DENNIS
Senior Managing Director dennis.mitchell@jll.com
404.797.4004
BRITTON
Senior Managing Director britton.burdette@jll.com
404.995.2302
MAGGIE
BOBBY NORWOOD
bobby.norwood@jll.com
404.460.1652 HUNTER
LEASING
AUSTIN KRIZ, SIOR
Executive
703.314.9801
On behalf of Ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for Great Valley Commerce Center - Building IV (the “Property”) – a 290,140 SF state-of-theart Class A facility. The Property is 100% leased to Vanderlande Industries Inc. (“Vanderlande”), an indirect wholly-owned subsidiary of Toyota Industries Corporation ($27B in 2024 revenue), with 5.0 years of lease term remaining. The Property features 36’ clear height, 45-mil TPO roof with 14-years remaining on the warranty, 185’ concrete truck court, 47 dock high doors, and 2 ramped, drive-in doors. The warehouse is situated in an emerging logistics park located in White, Georgia which is undergoing significant industrial expansion, spurred on by the Hanwha Qcells and Hyundai-SK plants, attracting top-tier battery & solar suppliers.
The Property is located 1 mile from the Hanwha Qcells manufacturing site, 12 miles from the Hyundai-SK battery plant, and only 3 miles from I-75 in the heart of the burgeoning Northwest industrial submarket. Further, this marks Vanderlande’s second move-in over the past 5 years into this park (973k SF lease at Great Valley Commerce Center – Building I; 7.5 years of lease term remaining) signifying their commitment to the area. This offering represents an opportunity to acquire a fully stabilized, Class A industrial asset with mission-critical tenancy located within one of Atlanta’s fastest growing submarkets.
On behalf of Ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for Great Valley Commerce Center - Building IV. The prospective purchaser will be selected on the basis of, among other things, (i) price, (ii) certainty of closing, (iii) financial strength, (iv) level of discretion to invest funds, and (v) industry reputation.
JLL, as exclusive advisor for the seller, will schedule all market and property tours with advance appointments.
Pricing expectations are consistent with the exceptional quality of this asset and of the unique nature of this opportunity.
• State-of-the-art Class A modern logistics facility recently completed in 2024
• 36’ clear height
• Site cast tilt-wall construction
• Front-load configuration with 54’ x 50’ column spacing with 60’ speed bays
• 185’ - 240’ Concrete truck court
• 47 insulated dock high doors and 2 ramped drive-ins
• 65 trailer spaces
• ESFR fire sprinklers and LED lighting
• 45-mil TPO roof with 14-years of warranty remaining
• 24 mechanical levelers (40,000 lb.)
• 6” thick, 4,000 PSI Ductilcrete Slab
• 10 forklift battery charging connections
• Vanderlande Industries Inc. is a prominent global company specializing in flexible and scalable automated solutions for the e-commerce, retail, and omnichannel markets
• In this facility, Vanderlande services their growing list of Amazon projects
• Leading e-commerce brand with 9 of the top 15 largest global food retailers utilizing Vanderlande products
• Partnerships with globally-recognized companies such as Lidl, DHL, and Delta
• In 2017, the Company was purchased by Toyota Industries Corporation (“TICO”). TICO recorded $27B in 2024 revenue across its business platform which specializes in automotive assembly, material handling, third-party logistics, and textile machinery
» Assigned investment grade ratings of A2 (Moody’s) and A (S&P)
» Ranks in the top 3 in terms of global market share for the sale of lift trucks, car AC compressors, and air-jet looms
» Comprises over 275 subsidiaries and affiliates worldwide
» 58 consecutive years as the number 1 seller of lift trucks in Japan
• Spaces sized 200,000 s.f. to 400,000 s.f. led all size segments in absorption with over 1.4 million s.f. in Q1 2025, more than doubled the next size segment (0 s.f. to 199,999 s.f.)
• Under construction volumes contracted significantly, down 51.1% YoY with only 7 construction starts (1.6 million s.f.) occurring in Q1 2025
• Rents have increased 12% on average year-over-year for the last 5 years
• The Atlanta I-75 North Corridor has an inventory of 209M SF, representing one of the fastest growing submarkets in the SE with unprecedented tenant demand
» Second highest net absorption by submarket in Atlanta for 2024
• The corridor demonstrates a vacancy rate of 6.8% as of Q1 2025, 24% below the Atlanta-wide average of 8.9%
• Rents continue to reach record highs, growing 53% since 2020
• Heavily embedded tenant base from the robust volume of production and assembly operations and many high-finish R&D requirements drive rent growth for investors
• High barriers to entry - rocky soil and difficult topography limit industrial development
• I-75 North Corridor possesses the heaviest truck count in the state
• Second largest amount of industrial labor jobs in Atlanta
• Largest number of resident workers
• Most affordable supply of labor
• With a large production base, the reshoring of production operations to the US along with other foreign direct investments will continue to drive outsized industrial performance in the I-75 North Corridor
ATLANTA INDUSTRIAL MAKRET
Rent growth across the Atlanta industrial market remains robust with Q1 2025 posting a record high average rent of $7.08. (Averaging 16% annual growth since 2020)
Completion volumes are down 60.4% YoY and are at their lowest point since 2015
Tenant demand continues to be strong with approximately 45M+ SF of active tenant requirements. Ranked 3rd nationally in 2024 for total demand (by SF)
110M SF of net absorption since 2020 (15% of total inventory)
Second highest net absorption by submarket in Atlanta for 2024
• The Appalachian Regional Port (ARP) opened in August 2018 and has experienced explosive growth with a port capacity of 75,000 containers per year
» 10-year development plan that will double the current capacity
• APR sits on 42 acres in NW Georgia’s Murray county and provides a powerful new gateway of import goods to the Sunbelt and Midwest, along with export goods to all global markets
» This will continue to drive tenant requirements to the I-75 N submarket as the port grows
• With easy access to I-75 and US-411, both Birmingham and Nashville are within a 3-hour drive, and downtown Atlanta can be reached in under 1 hour
• The inland port offers exclusive CSX service on a direct, 388-mile rail route to / from the Port of Savannah’s Garden City Terminal
Vanderlande Industries Inc.
Wholly-owned subsidiary of Toyota Industries Corporation
290,140 SF | 6/30/2030 LXD
• Vanderlande Industries Inc. is a prominent global company specializing in flexible and scalable automated solutions for the e-commerce, retail, and omnichannel markets
• Vanderlande Industries Inc., the Tenant, is a wholly owned subsidiary to Vanderlande Industries Holding B.V., who employs close to 9,000 people and the existing guarantor on the lease. Vanderlande Industries Holding B.V. is owned by Toyota Industries Europe AB (TIE). TIE is ultimately controlled by Toyota Industries Corporation (TICO), a core company within the Toyota Motor Corporation group.
• This facility services their growing list of Amazon projects relating to Vanderlande’s automated warehouse systems and represents Vanderlande’s second lease signed within Great Valley Commerce Center (973k SF lease signed at Great Valley Commerce Center - Building I; 7.5 year WALT)
• Leading e-commerce brand with 9 of the top 15 largest global food retailers utilizing Vanderlande products
• Partnerships with globally-recognized companies such as Lidl, DHL, and Delta
TOYOTA INDUSTRIES CORPORATION
TSE: 6201.T (PARENT COMPANY)
• TICO recorded $27B USD in 2024 revenue across its business platform which specializes in automotive assembly, material handling, third-party logistics, and textile machinery
• One of the core companies of Toyota Motor Corp (NYSE: TM)
• Ranks in the top 3 in terms of global market share for the sale of lift trucks, car AC compressors, and air-jet looms
• Comprises over 275 subsidiaries and affiliates worldwide
• Investment grade ratings of A2 (Moody’s) and A (S&P)
The I-75 North Corridor stretches from I-285 in Metro Atlanta to Chattanooga, TN and has one of the highest truck traffic counts in the country due to its ability to provide rapid access throughout the Metro Atlanta area and greater Southeast and Midwest regions. Robust population growth and thriving industries, particularly e-commerce, flooring and automotive, are driving unprecedented demand for state-of-the-art distribution and manufacturing facilities throughout the corridor. The I-75 North Corridor is the top performing submarket, ranking 2nd in net absorption across all Atlanta submarkets in 2024, and is poised for tremendous growth..
Counties: Whitfield, Murray, & Catoosa
Counties: Bartow, Floyd, Gordon, & Cherokee I-75 NORTH
County: Cobb
POPULATION: 212,775
POPULATION GROWTH SINCE 2010: 3.20%
MEDIAN HOUSEHOLD INCOME: $67,630
BACHELOR’S DEGREE (25+): 12.20%
The I-75 North Upper Portion has one of the lowest historicalvacancy rates in the Southeast, averaging 1.6% in 2024. Limited speculative development has helped maintain low vacancy rates and restricted a competitive market. The Upper Portion is poised for demand as high barriers to entry in the Chattanooga market push users south.
• Tenby Partners – 2.2 MSF
• Barrett Properties – 882 KSF
• Dossche Holdings – 600 KSF
NOTABLE OWNERS
• Brennan – 552 KSF
• Gladstone – 504 KSF
• Oak Street – 311 KSF
• GIC Real Estate – 311 KSF
NOTABLE TENANTS IN THE MARKET:
• Mohawk
• Shaw
• Q-Cells
• Samsung
2024 POPULATION: 567,230
POPULATION GROWTH SINCE 2010: 21.72%
MEDIAN HOUSEHOLD INCOME: $88,234
BACHELOR’S DEGREE (25+): 21.40%
In 2024, the I-75 North Middle Portion absorbed over 5.8 MSF of product. Rental rates have increased by 89% since 2017 demonstrating a growing demand for this section of the submarket. Vacancy significantly increased due to a record high deliveries of 5.4 MSF in 2022 and 11.4 MSF in 2023, but has since decreased as tenants have begun to absorb the new product.
• IDI Logistics – 3.1 MSF
• MDH Partners – 2.6 MSF
• Core5 – 2.1 MSF
• InLight – 1.5 MSF
NOTABLE OWNERS
• Ashley Capital – 3.3 MSF
• LXP Industrial Trust – 1.6 MSF
• KKR – 1.5 MSF
• Thor Equities – 1.4 MSF
NOTABLE TENANTS IN THE MARKET:
• Amazon
• Lowe’s
• LG Hausys
• Anheuser-Busch
• Vanderlande
• 100% Freeport inventory tax exemption - all inventory is eligible for tax exemption in Bartow and Gordon Counties. “Game changer” in bringing new tenant requirements to the I-75 North Corridor
• Positive dynamics of the I-75 North Corridor have attracted institutional owners and developers
• High barriers to entry for new industrial development:
» Rocky soil and difficult topography limit industrial development in the north
» Heavy residential areas, natural lake barriers, universities and more limit development to the south
2024 POPULATION: 785,427
POPULATION GROWTH SINCE 2010: 14.15%
MEDIAN HOUSEHOLD INCOME: $101,747
BACHELOR’S DEGREE (25+): 32.40%
The I-75 North Infill Portion posted 250 KSF of net absorption in 2024. Since 2017, rental rates have increased over 79%. The Infill Portion is historically known for smaller shallow bay/ light industrial product which produces higher rents due to a smaller average lease size as well as its proximity to the Atlanta MSA.
• Shaheen & Co. – 1.3 MSF
• TA Realty – 1.3 MSF
• The Arden Group – 1.1 MSF
• Majestic Realty – 748 KSF
NOTABLE OWNERS
• Prologis – 5.8 MSF
• Blackstone – 5.1 MSF
• Clarion Partners – 1.5 MSF
• EQT Real Estate – 1.5 MSF
NOTABLE TENANTS IN THE MARKET:
• Lockheed Martin
• Atlanta Bonded Warehouse
• FedEx
• Yamaha
» I-75 Northwest corridor possesses the heaviest truck count in the state
• Heavily embedded tenant base of production and assembly operations and many high-finish R&D requirements drive rent growth for investors
• Impeccable access to both working and highly skilled labor
» Population growth rates since 2010 – 16.51% within a 60-minute drive
» Nearly 28.80% of the population within a 60-minute radius possesses a bachelor’s degree, while 17.70% possess a graduate/professional degree
» Manufacturing/R&D base within the corridor provides skilled labor
• Asian companies employ over 50,000 Georgians
• Japanese investments in Georgia total over $4 billion in the past 10 years driving the creation of 40,000+ jobs across more than 400 Japanese run companies
• More than $18 billion of total trade between South Korea/ Japan and Georgia in 2024
• $10 billion in Korean investment in 2023 alone creating 12,605 additional jobs
HANWHA Q CELLS [NASDAQ: HQCL]
• New facility in Cartersville opened 2024
• $2.5B investment
• 2,500 new jobs coming to Dalton and Cartersville
• Largest solar investment in American history
SK BATTERY PLANT [KRX: 034730]
• Estimated delivery date 2H 2025
• Leading South Korean EV battery manufacturer
• $5.0B investment
• 3,500 new jobs coming to Cartersville, GA
• Will manufacture 35 gigawatt-hours of batteries annually, supporting the production of 300,000 EVs a year
YAKULT [OTC: YKLTY]
• Estimated delivery date 2026
• Japanese probiotic beverage company
• $305M investment in Cartersville, GA
• 90 skilled laborer jobs
Please refer to the next page for more details on the Q Cells and SK Battery plants
• The World’s leading provider of energy solutions for residential, commercial, and industrial buildings
• The largest solar investment in American history
» Investment plans of $2.5B to expand its manufacturing capacity in Georgia will create a total of 2,500 jobs
» The Q Cells Dalton factory is the largest manufacturing plant of its kind in the Western Hemisphere
» Q Cells just completed the $171M expansion of their Dalton factory this past October, adding 500 jobs and 2 gigawatts of solar capacity
» This brings the factory’s output to over 5.1 GW and increases their production capacity from 12,000 to 30,000 solar panels a day
» The $147M investment of a second facility in Cartersville opened in 2024, creating 2,000 jobs
» Q Cells will be able to build 8.4 gigawatts of panels annually in their Georgia facilities
• Largest solar investment in American history
• Creates 2,500 well-paying jobs across Georgia, many of which won’t require a four-year degree
• Total capacity of these two facilities will generate enough electricity to power 1.3 million households in America annually
• A global leading battery manufacturer for electric vehicles
• $700M in grants, tax breaks, and free infrastructure to build a $5B battery factory in Bartow County
» 3rd $5B project in the state’s history
» Joint venture with Hyundai to supply Hyundai’s and Kia’s batteries
» Aiming to complete the project by the second half of 2025
» The project will create 3,500 new jobs in Bartow County
• The facility will manufacture 35 gigawatt-hours of batteries annually, supporting the production of 300,000 EVs a year
• Multiple parts suppliers have announced new facilities nearby to supply the plant
• Demonstrates SK’s commitment to Georgia
» SK’s second large investment in the area following their $2.6B investment in an EV battery facility in Commerce, Georgia in 2022
• The $5B investment by SK Battery Plant and Hyundai is one of the largest in Georgia history, significantly expanding the labor force in the area
• The plant will provide over 3,500 new jobs
• Will produce an exceptional amount of clean-energy vehicles
• The Appalachian Regional Port (ARP) opened in August 2018 and has seen explosive growth. Current throughput capacity sits at 75,000 containers. In FY24 the Appalachian Regional Port processed 36,730 rail lifts (or containers), which is a record and a 9% increase over the previous fiscal year.
• ARP sits on 42 acres in Northwest Georgia’s Murray County and provides a powerful new gateway of import goods to the Sunbelt and Midwest, along with export goods to all global markets . This will continue to drive tenant requirements to the Atlanta Northwest Submarket as the port grows
• The port has a capacity of 75,000 containers per year, and a 10-year development plan will double that capacity
• ARP provides an efficient alternative to an all-truck dray to/from the Port of Savannah for target markets in Georgia, Alabama, Tennessee, Kentucky and beyond
• The inland port offers exclusive CSX service on a direct, 388-mile rail route to/from the Port of Savannah’s Garden City Terminal
• Each round-trip container moved via the ARP will offset 710 truck miles on Georgia highways
• With easy access to Interstate 75 and U.S. 411, both Birmingham and Nashville are within a 3-hour drive, and Downtown Atlanta can be reached in under 2 hours
• Sitting 45 minutes from Chattanooga, there is a rich pipeline of flooring/carpeting businesses in the area with Shaw, Mohawk, and Engineered Floors based in Dalton and The Altus Group based in Chatsworth
75,000 PORT VOLUME 75%
CONTAINER CAPACITY PER YEAR
6,000 ft EXCLUSIVE ACCESS
710
TRUCK MILES OFFSET PER CONTAINER
2,975 TEUs OF WORKING TRACKS
STORAGE CAPACITY
THE WORLD’S BUSIEST AIRPORT
ATLANTA INTERNATIONAL AIRPORT
Analysis Begin Date 7/1/25
Scenario 1 Analysis End Date 6/30/31
Scenario 1 Term of Analysis 6 Yrs
Scenario 2 Analysis End Date 6/30/34 Scenario 2 Term of Analysis
Operating Expenses (Est. Yr. 1)
Market rent growth assumptions sourced from Green Street forecasts.
Tenant has three consecutive options to extend the Term for periods of 3 years each, upon written notice of at least 270 days and not more than 365 days prior to the expiration the then current lease term. Rent shall be at the current prevailing market rate.
PRIMARY CONTACTS
DENNIS MITCHELL
Senior Managing Director
dennis.mitchell@jll.com 404.797.4004
BRITTON BURDETTE
Senior Managing Director britton.burdette@jll.com 404.995.2302
DEBT + STRUCTURED FINANCE
BOBBY NORWOOD
Managing Director bobby.norwood@jll.com
404.460.1652
JIM FREEMAN Managing Director
jim.freeman@jll.com 404.995.2399
MAGGIE DOMINGUEZ Managing Director maggie.dominguez@jll.com 678.378.4593
HUNTER GOLDBERG Director hunter.goldberg@jll.com 216.973.4055
LEASING CONTACTS
AUSTIN KRIZ, SIOR Executive Managing Director austin.kriz@jll.com 703.314.9801
TOM CROMARTIE Executive Managing Director tom.cromartie@jll.com 770.540.5904
DEAL SUPPORT
BEN FULLER Analyst ben.fuller@jll.com 210.870.7547
PAIGE MARLOW Vice President - Market Operations paige.marlow@jll.com 404.942.2211
Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate (“JLL”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than JLL, and neither Owner nor JLL, nor their respective equity holders, officers, directors, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. JLL and owner disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement.
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