SOLD
JLL Facilitates $85.4M Sale Of Performance Food Group Cold Storage In Glen Allen
10396 Cedar Lane
Industrial
328,335 SF
328,335 SF
Sold 14 days ago
Summary
Sale
VIRGINIA
Industrial
328,335 sqft
The $85.4 million sale of Performance Food Group @ Cardinal North, a 328,335-square-foot cold storage and distribution facility in Glen Allen, Virginia, was facilitated by JLL Capital Markets. The property, fully leased to Fortune 91 company Performance Food Group, was sold by Scannell Properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $85,400,000
- Address: 10396 Cedar Lane
- Market: Glen Allen, VA
- SF: 328,335
- PPSF: $260
- Seller: Scannell Properties
- Brokers:
- Bill Prutting - JLL
- Christopher Dale - JLL
- Craig Childs - JLL
- Dave Andrews - JLL
- Josh McArdle - JLL
- Pete Pittroff - JLL
JLL not only represented the seller, Scannell Properties, in the transaction, but also managed to secure the sale of the industrial facility to a Fortune 91 company. The involvement of a range of brokers from JLL highlights the collaborative effort involved in finalizing this significant deal.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: 04/15/2024
ADDRESS: 10396 Cedar Lane
MARKET: Glen Allen, VA
ASSET TYPE: Industrial
SELLER: Scannell Properties
BROKERS: Bill Prutting, Christopher Dale, Craig Childs, Dave Andrews, Josh McArdle, Josh McArdle & Pete Pittroff - JLL
SALE PRICE: $85,400,000
SF: 328,335 ~ PPSF: $260
NOTE: JLL Capital Markets facilitated the $85.4 million sale of Performance Food Group @ Cardinal North, a 328,335-square-foot cold storage and distribution facility in Glen Allen, Virginia, on behalf of seller Scannell Properties, fully leased to Fortune 91 company Performance Food Group.View on map
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Address10396 Cedar Lane
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