JLL Secures $71 Million in Financing for Forsyth County's Coal Mountain Industrial Park Development

Reuters

2025/05/07

JLL Secures $71 Million in Financing for Forsyth County's Coal Mountain Industrial Park Development

Jones Lang LaSalle Inc. $(JLL)$ has successfully arranged $46 million in construction financing and $25 million in joint venture equity for the development of Coal Mountain Industrial Park in Forsyth County, Georgia. The project, spearheaded by developers Holder Properties and Tamarack Investments, will feature a 608,642-square-foot, Class A industrial space, distributed across three state-of-the-art, rear-load distribution centers. Construction is set to begin imminently, with delivery expected to start in Q2 2026. The financing was secured through Pinnacle Financial Partners, with joint venture equity from Hartford Investment Management Company. JLL's Capital Markets team, led by Managing Director Bobby Norwood, highlighted the project's strong potential due to favorable demographics, a skilled labor pool, and diverse tenant demand in the North Fulton/Forsyth submarket.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on May 06, 2025, and is solely responsible for the information contained therein.

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The project, spearheaded by developers Holder Properties and Tamarack Investments, will feature a 608,642-square-foot, Class A industrial space, distributed across three state-of-the-art, rear-load distribution centers. Construction is set to begin imminently, with delivery expected to start in Q2 2026. The financing was secured through <a href=\"https://laohu8.com/S/PNFP\">Pinnacle Financial Partners</a>, with joint venture equity from Hartford Investment Management Company. JLL's Capital Markets team, led by Managing Director Bobby Norwood, highlighted the project's strong potential due to favorable demographics, a skilled labor pool, and diverse tenant demand in the North Fulton/Forsyth submarket.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on May 06, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1169589451.USD","symbol_name":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250507:nNDL7cdrDZ:1","article_id":"2533937569","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533937569","pubTimestamp":1746628146,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Jones Lang LaSalle Inc.  has successfully arranged $46 million in construction financing and $25 million in joint venture equity for the development of Coal Mountain Industrial Park in Forsyth County, Georgia. 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The project, spearheaded by developers Holder Properties and Tamarack Investments, will feature a 608,642-square-foot, Class A industrial space, distributed across three state-of-the-art, rear-load distribution centers. Construction is set to begin imminently, with delivery expected to start in Q2 2026. The financing was secured through Pinnacle Financial Partners, with joint venture equity from Hartford Investment Management Company. JLL's Capital Markets team, led by Managing Director Bobby Norwood, highlighted the project's strong potential due to favorable demographics, a skilled labor pool, and diverse tenant demand in the North Fulton/Forsyth submarket.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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