ATLANTA — JLL has arranged the $300 million sale of a six-property industrial portfolio located across five Southeastern states. The facilities in the nearly 1.6 million-square-foot portfolio were fully net-leased to FedEx on long-term agreements at the time of sale.
Built between 2022 and 2023, the facilities range in size from 251,000 to 337,000 square feet. The properties are located in Punta Gorda, Fla.; Anderson, S.C.; Myrtle Beach, S.C.; Christiansburg, Va.; Bristol, Va.; and Wingate, N.C.
PGIM and Miramar Capital sold the portfolio to a confidential buyer. Britton Burdette, Dennis Mitchell, Luis Castillo, Bill Prutting, Jim Freeman, Maggie Dominguez and Bobby Norwood of JLL represented the sellers in the transaction.
“The scale and geographic diversification of this portfolio reflect the critical role last-mile distribution plays in today’s logistics landscape,” says Burdette. “PGIM positioned these assets to capitalize on accelerating demand for modern industrial space in markets with strong population growth and consumer spending fundamentals.”
PGIM is the global asset management business of Prudential Financial Inc. (NYSE: PRU) and has $1.4 trillion in assets under management as of March 31, 2026, including $217 billion in real estate assets.
Miramar Capital is a privately owned real estate investment and development firm specializing in the acquisition, repositioning and development of industrial, residential and “special situations projects” throughout the United States. The Los Angeles-based company was founded in 2017 and has approximately $3 billion of assets under management currently.
— John Nelson