DALLAS--(BUSINESS WIRE)--Hillwood Investment Properties announces the selection of NAI Brannen Goddard as the broker for its Jackson 85 development. Hillwood, a Perot company, in a partnership with Brookfield Asset Management, the Hillwood-Brookfield Industrial Partners fund, recently acquired the 1,004,400 square-foot, Class A bulk distribution building located in the northeast submarket of Atlanta, GA. Tom Fishman, Hillwood’s Executive Vice President of Acquisitions, completed the transaction.
“We firmly believe activity in the bulk market continues to gain pace, enabling attractive, quality properties to be leased and taken off the market.”
Located at 350 Raco Parkway, the property lies within Atlanta’s premier industrial submarket, I-85 Northeast. Jackson 85 is less than one mile from I-85, the primary distribution artery from Atlanta to the Northeast United States.
Hillwood and Brookfield are completing improvements to the building, including 3,000 square feet of office space, high velocity fans and T-5 warehouse lighting. The property is currently 52% leased, providing 486,000 square feet available for lease.
“We are excited to represent Hillwood on this state-of-the-art distribution facility,” said Nathan Anderson, NAI Managing Director who is overseeing the leasing assignment with Senior Vice President Darren Butler. “We firmly believe activity in the bulk market continues to gain pace, enabling attractive, quality properties to be leased and taken off the market.”
"We are enthusiastic about expanding our platform in northeast Atlanta," said Dan Tatsch, Hillwood’s Market Officer for Atlanta. “With the addition of Jackson 85, we can now accommodate users ranging from 500,000 square feet at Jackson 85 Distribution Center II to 1,000,000 square feet at Commerce 85 Distribution Center in nearby Commerce, Georgia.”
Hillwood, a Perot company, is ranked as one of the top commercial real estate investors and developers in the country and the top residential developer in Dallas-Fort Worth. Hillwood is best known for its Alliance brand that includes the 17,000-acre AllianceTexas, 4,474-acre AllianceFlorida at Cecil Commerce Center, and 2,000-acre AllianceCalifornia. For additional information, please visit www.hillwoodinvestmentproperties.com.
About Brookfield Asset Management
Brookfield Asset Management is a global alternative asset manager focused on property, renewable power, infrastructure and private equity, with over US $150 billion of assets under management, which includes approximately US $88 billion of property assets under management in North and South America, Europe and Australia. In addition, the company provides clients with an extensive array of real estate advisory, property and investment services. Brookfield is publicly listed on the NYSE, TSX and Euronext Amsterdam under the symbol BAM, BAM.A and BAMA, respectively. For additional information on the company, please visit http://www.brookfield.com.
About NAI Brannen Goddard
NAI Brannen Goddard is a full-service commercial real estate firm, which provides a wide scope of services to regional, national and international clients. Services range from leasing, investment sales and asset management to property and construction management. NAI Brannen Goddard, founded in 1978, provides businesses, owners, and investors with high-quality real estate services and effective solutions for maximizing profitability and performance levels. To learn more, visit www.naibg.com.