Real Estate People

JLL’s High-Stakes Real Estate Rumba:

The $40 Million Dance for Alligood Industrial Park

1. The Big Acquisition Tango

In a high-octane move straight out of a financial thriller, JLL Capital Markets just orchestrated a whopping $40 million deal for Alligood Industrial Park. Picture this: two gleaming, Class A industrial buildings, sprawling across 36.4 acres like titans in Lebanon, Tennessee. It’s not just a purchase; it’s a 410,370 square-foot statement just a stone’s throw from Nashville’s rhythm.

2. The Financing Foxtrot

Here’s where the plot thickens: JLL played cupid for Pearlmark Real Estate, waltzing them into a five-year, fixed-rate senior loan, courtesy of a life insurance company. It’s a dance of dollars and deals, setting the stage for Pearlmark’s real estate romance.

3. A Property with Pizzazz

This isn’t just any property; it’s a real estate rockstar. Imagine 32-foot clear heights, sprawling 135-foot truck courts, and a whopping 76 dock doors. Add in some high-octane electricals and cutting-edge sprinklers, and you’ve got industrial chic at its finest.

4. Location: The Star of the Show

Nestled 30 miles from Nashville in the Wilson County submarket, this property is the belle of the ball. More than half of America is a mere 650 miles away, and 75% can reach it within a two-day drive. Surrounded by corporate royalty, it sits in the realm of 10 Fortune 1,000 and 5 Fortune 500 headliners.

5. Wilson County: The Rising Star

Wilson County is more than a backdrop; it’s a rising star in Nashville’s industrial galaxy. With over $350 million in industrial sales in a year and rents moonwalking up by 7% annually since 2014, it’s the stage for economic fireworks.

6. The Deal-Making Dream Team

Leading this financial ballet was JLL’s Senior Managing Director Aldon Cole, supported by Brian Carlton and Brad Vansant. Their mission? To land Pearlmark a deal as sharp as a tango turn. In Cole’s words, it’s about finding the sweet spot in a market as tricky as a high-wire act.

7. JLL Capital Markets: The Maestros of Money Moves

JLL isn’t just in the game; they’re the game-changers. Global, savvy, and with a troop of over 3,000 specialists, they’re like financial conductors, orchestrating deals that resonate across the real estate world.
In this high-stakes dance of dollars and deals, JLL Capital Markets and Pearlmark Real Estate pirouetted to success, securing a strategic investment in the heart of Tennessee’s industrial crescendo. The Alligood Industrial Park deal isn’t just business; it’s a choreographed masterpiece in the ballet of real estate.

The Mavericks of Tech: Innovators Transforming Commercial Real Estate

• Tech Visionaries: This year’s lineup of tech influencers are not just game-changers; they’re revolutionizing commercial real estate with a cocktail of advanced computing and deep industry savvy. They’re the wizards conjuring up magic in realms from plush apartments to the nerve centers of CRE operations.
• Arie Barendrecht – Wired Wizardry: Barendrecht’s WiredScore spins a web of superior connectivity in buildings, ensuring top-notch internet and mobile signals. With 800 million square feet certified, he’s not just a CEO; he’s a digital conjurer making buildings smarter and the world better connected.
• Michael Clawar – The Data Alchemist: Clawar’s StratoDem, now part of Altus Group, is like a crystal ball for CRE investors, offering foresight with its market intelligence tools. He’s the Merlin of market analytics, turning data into gold for regional and hyperlocal investment insights.
• Michael Colacino – The PropTech Pioneer: Before PropTech was cool, Colacino was coding solutions for commercial real estate. At SquareFoot, he’s not just a president; he’s a trailblazer, transforming office leasing into a transparent, efficient odyssey.
• Christophe Garnier – The Flex-Space Futurist: Garnier’s Upflex is a wizardry wand for flexible workspaces, marrying technology with the evolving needs of the hybrid work era. It’s not just a platform; it’s a revolution in adaptable working spaces.
• Anne Hollander – The CRE Integrator: At Lobby CRE, Hollander is weaving a tapestry where technology and real estate operations harmonize. She’s a maestro at simplifying operations, turning data into a symphony of efficiency for more than 1,300 clients.
• Vikram Kohli – The Analytics Oracle: At CBRE, Kohli orchestrates a global team that turns data into insights, like a soothsayer of business intelligence. His role in CBRE’s investment in VTS is akin to unlocking a treasure chest of real estate performance secrets.
• Tahirah Mahan Thomas – The GIS Guru: Mahan Thomas at CBRE is the cartographer of the future, mapping out real estate potential with her location intelligence expertise. Her team’s analytics are the compass guiding CBRE to lucrative lands.
• Katerina Milovanoska – Digital Twin Diviner: At Gafcon Digital, Milovanoska is not just an architect; she’s a visionary, crafting digital twins that offer a crystal-clear preview of construction outcomes. She’s pioneering a future where buildings are born in virtual reality.
• Sonu Panda – The Green Technologist: Panda at Prescriptive Data isn’t just a CEO; he’s a climate crusader, using AI to turn buildings into eco-friendly fortresses. His leadership has slashed energy use in NYC, proving technology can be both profitable and planet-friendly.
• Steve Rad – The Property Inspection Innovator: Rad’s Radweb, with its Property Inspect and InventoryBase, is revolutionizing property management. He’s not just managing a company; he’s orchestrating a global symphony of seamless property inspections.
• William Sankey – The AI Architect of Development: At Northspyre, Sankey uses AI to streamline the labyrinth of real estate development. He’s not just a co-founder; he’s a modern-day Da Vinci, painting a future where project management is an art form.
• Marcela Sapone – The Residential Renaissance Woman: Alfred, co-founded by Sapone, is redefining residential living with a blend of technology and human touch. It’s more than a service; it’s a revolution in home management, enhancing lifestyles with each innovation.
• Jim Schoonmaker – The Virtual Real Estate Visionary: Schoonmaker’s Infinityy isn’t just a platform; it’s a gateway to collaborative virtual real estate experiences. He’s not just a founder; he’s a digital explorer, charting new territories in online property exploration.
• Zak Schwarzman – The PropTech Investment Prodigy: At MetaProp, Schwarzman is not just a partner; he’s a sherpa guiding startups through the treacherous terrain of real estate technology. His knack for spotting potential is turning MetaProp into a PropTech powerhouse.
• Mark Sigal – The Data Maestro: At Datex Property Solutions, Sigal doesn’t just manage data; he transforms it into actionable insights, offering landlords a crystal ball for navigating the tumultuous seas of the pandemic.
• Mohammad Soleimani – The Security Standard Setter: At Kastle Systems, Soleimani is not just crafting security solutions; he’s setting industry-wide standards, turning buildings into fortresses of safety and efficiency.