JLL Capital Markets announced today the sale-leaseback of the TI Automotive U.S. Industrial Portfolio, comprising six strategic manufacturing and assembly facilities totaling 693,236 square feet across Michigan, Indiana and Georgia.
JLL represented the seller, TI Automotive, in the transaction, with Gladstone Commercial Corporation acquiring the portfolio.
Strategically positioned near key automotive and industrial hubs, these mission-critical facilities are integral to automotive supply chains, collectively producing approximately 113 million automotive parts each year for a diverse base of blue-chip clients. Upon closing, TI Automotive will enter into a long-term lease for the facilities.
The Michigan properties benefit from the state’s position as the global capital of mobility. The Georgia facility operates within the Atlanta metropolitan area’s established industrial corridor, while the Indiana properties are located within the Northeast Indiana region, part of the nation’s second-largest automotive production state.
The JLL Capital Markets team included Jason DeWitt, Brian Shanfeld, Coler Yoakam, Eric Osika and Gerard Smith.
“This portfolio represented an exceptional opportunity for investors to acquire mission-critical industrial facilities secured by a long-term lease from one of the world’s leading Tier 1 automotive suppliers,” said DeWitt. “TI Automotive’s global scale, propulsion-agnostic product portfolio and strong financial performance through market volatility position this as an attractive sale-leaseback investment in strategically important automotive manufacturing markets.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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