Cartersville Logistics Park Bldg 100

On behalf of Ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for Cartersville Logistics Park Building 100 (“Property”) – a 100% leased, 250,874 SF Class-A warehouse facility located within the Cartersville, Georgia industrial market. The bulk warehouse facility is situated in a state-of-the-art logistics park that is well positioned to attract a high-quality labor base. Just 1 mile from I-75, the Property sits within Atlanta’s I-75 North submarket – one of Atlanta’s fastest growing industrial submarkets. The institutional-quality asset presents the opportunity to enter a market where established institutional owners and major developers have created a significant presence, despite the considerable topographical barriers to entry that limit development along this corridor. Similar bulk projects (200k SF+) within three miles of the Property have seen strong rental rate growth of 20% since 2023 while the vacancy rate has fallen precipitously by 42% over the same period. This trend is expected to continue, driven by favorable market dynamics such as a strong net absorption of 914k SF over the past year and only 377k SF of new supply currently under construction.

The Property is fully air-conditioned and 100% leased by CEVA Government Services, LLC (“CGS”). Founded in 2008, CGS is the dedicated government contracting business unit for CEVA Logistics in the United States. CGS is wholly owned by CEVA Freight LLC, which, together with CEVA International, Inc., guarantees the lease. Both entities are wholly-owned subsidiaries of CEVA Logistics (2024 Revenue: $18.3B), which is ultimately part of the CMA CGM Group (2024 Revenue: $55.5B). The primary CGS business operation at Cartersville Logistics Park is supporting Lockheed Martin’s C-130 Hercules aircraft. At this location, CGS assembles and distributes “kits of parts” for these aircraft to their next destination, while also warehousing customers’ spare parts inventory on-site. Notably, the Lockheed Martin manufacturing and sustainment site is located just 37 miles away in Marietta, enabling efficient coordination between facilities.