JLL Facilitates $85.4M Sale Of Performance Food Group Cold Storage In Glen Allen

$85,400,000

$260/SF

Building Size

328,335 SF

Asset Type

Industrial

Closing

Apr 15, 2024

AI

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.

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