Who?
JLL Capital Markets
What?
JLL Capital Markets, a leading global professional services firm specializing in real estate and investment management serving various industries, including healthcare, financial services, technology, and industrial sectors has completed the sale of a 41-property Napa Auto Parts retail portfolio spanning six Midwestern states.
The Broader Story.
The acquisition, expected to strengthen the buyer's position in the auto repair and parts retail sector, is valued at $70.2 million and encompasses 342,986 square feet of net-leased assets across Michigan, Minnesota, Indiana, Illinois, Wisconsin, and Iowa.
The portfolio features an attractive 18.5-year weighted average remaining lease term. JLL brokers Alex Sharrin, Jaime Fink, Marcus Pitts, and Matt Hazelton represented both the buyer and seller, whose identities remain undisclosed.
