JLL CEO just dropped $190 million on warehouses - here's why it's genius
Key Points
- JLL Income Property Trust invests $190 million in the West R...
While most people worry about whether Amazon will deliver their packages on time, JLL Income Property Trust just casually dropped $190 million on the West Raleigh Distribution Center like it's buying groceries. The timing? Perfect. The strategy? Even better.
When Life Gives You Uncertainty, Buy Warehouses
JLL scooped up five buildings totaling 985,000 square feet, with 87% already leased because apparently, everyone needs somewhere to store their stuff. The crown jewel? A biotech and healthcare distributor locked into a long-term lease with 3.75% annual rent increases. That's like having...
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